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Home My WebLink About01-0903 PETITION FOR PROBATE and GRANT OF LETTERS Estate of l"\,,~ o..~ C;, l ~ M ~ also known as No. 2J-01-903 To: Register of Wills for the \ Deceased. County of C u",,~l6..~!1, in the Social Security No. t G c> - t:> 7 - I 3 '5 ~ 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 executfl'l.-r" in the last will of the above decedent, dated N~ \( -Q "- ~ \ ~ and codicil(s) dated named ,19~ (state relevant circumstances, e.g. renunciation, death of executor, etc.) Decendent was domiciled at death in C \J... "" ~ \ o,!>. ~ C'tt~' Pennsylvania, with h .Q, .-r last family or principal r~idence at ""3. \ D ..l--\. ~ '0 "'^ '" 1"'. u.., v.. ~ ~ f>r. {/J)" 1" \W~ \ ,,\ ..Q c- '" (l\1' ... '-- ~ h \.\.A J (}... \ /0 'f\ ') (hst street, number and munclpahty) Decendent, then C\ a .R.. ""'- ~ at c: 0.... ~ 6..50 \ Except as follow , decedent did not marry, was not divorced an 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 (If not domiciled in Pa.) Personal property in Pennsylvania (If not domiciled in Pa.) Personal property in County Value of real estate in Pennsylvania situated as follows: . ~ $ ~ ~<::J ~~~G $ $ $ Y ~~~t)~ WHEREFORE, petitioner(s) respectfully presented herewith and the grant of letters theron. '" l~ ~~-'~'-r~1.j Q.l ... o::~ ].g tV-: 3~ Q.l..... 50 ~ c: OIl CiS ) I )") c.. ~ 'f' ,'~ lo... \ c: ( \ ~ "\ -t <) '" )J lY\. \L. N~ ~ ~ 1) OATH OF' PERSONAL REPRESENTATIVE COMMONWEALTH OF PENNSYLVANIA 1 58 COUNTY OF CUMBERLAND J The petitioner(s) above-named swear(s) or affirm(s) that the statements in the foregoing petition are true and correct to the best of the knowledge and belief of petitioner(s) and that as personal represen- tative(s) of the above decedent petitioner(s) will well and truly administer the estate according to law. Sworn to or alfirmed and subscribed ~ ~ ~ before me this s t day of ' ~ OCTOB ~l 2001 . ~ t: ~ ~ ~o. 21-01-903 Estate of MARGARET G LYNCH , Deceased DECREE OF PROBATE AND GRANT OF LETTERS AND NOW OCTOBER 2 __oo__._o._~19f001 ,in consideration c'-'Jo,<,=: peritior'. 'In the reverse side hereof, satisfactory proof having been presented before me, IT IS DECREED that the instrument(s) dated NOVEMBER 19. 1997 described therein be admitted to probate and filed of record as the last will of MARGARET G LYNCH TESTAMENTARY CHARLES W LYNCH and Letters are hereby granted to 7V i;E~J(//;//I.~.dy Re er of WI FEES Probate, Letters, Etc. ......... Short Certificates( ).......... x-pag~s. RenUnCiatIOn JCP $ 270.00 $ ................ $ $ 5.00 TOTAL _ $ ?q1 00 ...... '<?~~9.B.~~. ~'" .~99.1........... 9.00 9.00 A TIORNEY (Sup. Ct. LD. No.) ADDRESS Filed PHONE ''''''::::' r:>^; ":'''="'''' r;, .'~r:.. Thl~ is to certifY that the information here given is correctly copied fro~ an original certificate of death dul~ filed with me as Local Registrar. The original certificate will be forwarded to the State Vital Records Office for permanent filmg. WARNING: It is illegal to duplicate this copy by photostat or photograph. Fee for this certificate, $2.00 p 7742123 No. 21-01-903 /) ~-i-.-' //.,., ,,~.., t// t.<h~ ~ <. /<~ 4.~r Local Registrar SEP 2 1 2001 Date COMMONWEALTH OF PENNSYLVANIA e DEPARTMENT OF HEALTH e VITAL RECORDS CERTIFICATE OF DEATH . Rev. 2117 NAME OF DECEDENT (h.., Middle. L_I SEX 2f e.ma1e. UtClEA 1 OAr .... ! MlnuI.. lIlATHI'lAa (CIy and SlaIe Of fcreogn COUllIIVl STAlE FilE NUMeEIl SOCIAl. SECURITY NUMBER DAlE OF DEATH ,MonIh. Oa~. '_I :I. 160 -07 7339 4.9-19-2001 ~ OF DEATH ICI>eI:Io 0l1ly"". -- ... onslrucl.ooo on _ __ HOSPITAL; OTHER: 7. Whe.aton, MN :_0 E~ 0 000\0 :::=e 0 FACIUTY NAME (II noI...5HIA1on. gMI SlIM( anc:l nomller. _.H~~~b~g N~~~~~~on Slane. Ho~p~ce. Re.~~de.nce. KINO OF BUSlNESSIlNOUSTRY 'MS DECEDENT EVER IN DECEDENT'S EDUCATION US. ARUEDFOACES7 ... 0 No~ Va.uph~n DECEDENT'S USUAl 0CCUI'IIlrl0H (~~:~':r::;:::r 11 Teach~/ L-i..b~~.ian ,... Educat-i..on DECalENT'S MAILING AOOAESS (SIr..~. SIMa. ZopCodeI DECEDENT'S 310 Wut L~b~n Road ~=NCE Me.chan-i..c~bUkg, PA 17055 ~~ 1.. fiVHEA'S NAME (firs\. MIddle.lastl 1a. HMold G. Gaunt lHFOAMANT'S NAME (T~ M1t~. Cl~e. A. G1tuv~ METHOO OF DISPOSITION O .... 0 ~ JO "--.....S1-.0 0anIIiDll 0IIler (Speavl a,.. ~~W ~.... olIIy--~ -==.........1\lII ~ AI..... 01_... ~...... _ 01 cINIh. ~ 13. 12. 17.. sa- PA Cumb~land 1711. ....... 24-21_1le compIeCedlly ~...--....--. ~ECAUU(F.... _ or condtIion _-*'gft_l_ fn(,fz JIz..I1~' ~~hO~ DUE lOCCA AS A CONSE : .::.........,.. ----- ~'" .......---. ~_. ~UNDEIIU'ING :; CAUR.....or 0ljUry "'....--- t...-noft-ILAST .WiiS AN AUlOPSY ~PEAFOAMEO? I :. ... DUE 'IOCCA AS A CONSEQUENCE OFt. DUE 10CCA AS A CONSEQUENCE OF): WERE AU10PSV FINDINGS AlULA8LE PRIOR 10 COMP\ETlOH OF CAUSE 01' 0EArH? MANNER OF DEATH ~ o o DATE OF INJURY (MantII. Day. _I """"- 0 PencIing~lon 0 ~1\lII1led81emuned 0 NMur81 .,ii Acadenl _ONo Yw 0 No Jlf Suicide ... JIlt. c:aAT1PlEA cCheck only onet oc:aATIfYItIG""1IICIAH (Ph,...,.. ~ caaeul de"'" '"'*' olI'OII1eIllI>VSlCoan lIaS PfClnllWlCed dealtl ana C~ nem 23) ....lIIelle8tof.......................__..__MC.,....._NMf..8I8ted.................................................... . 21. .. .Iii -PRONOtJHCIHG AND CERTIFYING PHYSICIAN t~ boIh PfonounttOg ON" and cer1IIytno to cause 01 de4l1h\ To lIIe Ile8t 01...., .....-.. ....... Gee....... ofllle..... ...... ..... p/8c.. a"" "ue.. .... eeuM(.'_ man"., .. ......... . . . . . . . . . . . . . . . . . . . . . . . . ;; ~-; : -1IEDICAl. EXAlllNEAICORONER On the buIs of ....mn.11on 8IIdIor Inv.stigation.1n my opinion. do.th occ:ufr8CI8t tho tIm., d.t., and pIKe. ancl du. to the C8Use(s).nd _ ..".tH.. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . .. . . . . . . . . . .. . .. , . . .. . . . . . . . . . . . . . .. .. . .. 31a. 33. r=~~ 1021/ t;>l.1/ t I ~IQl' wh-i..te. Did .......... Mft. --"7 MARITAL STATUS. ......... _ Married, WicIDwed. (1c::r., 4 w.tdoUkT ,.. 17c.O _.--..liYedin 1Wp. SURVIVING SflOUSE 1I1_.gn.e__1 e.n ciIrIbooo. 17055 17109 TIME OF INJURY INJURY JIi1 WORK? DESCRIBE HOW INJUAV CXCURAED. Yw 0 NoD 3.. 21-01-903 LAST WILL AND TESTAMENT I, MARGARET G. L YNeH, of Lower Oxford Township, Chester County, Pennsylvania, make this my Last Will and hereby revoke any and all prior wills and codicils. FIRST: Last Illness and Funeral Expenses - My Executor shall pay the expenses of my last illness, funeral and burial as soon as convenient after my death. SECOND: Personal Effects - Except as I may have provided in a memorandum as signed by me, which I reserve the right to alter or amend at any time, to be attached to the original of this Will, I give and devise all my household property and personal effects, automobiles and other tangible personal property, together with the insurance policies thereon, but not including cash or securities, to my children: SUSAN A. PURCELL, CLAIRE ANN GRUVER AND CHARLES W. LYNCH, then living, to be divided among them as they may each select. Should there be no agreement, such selective property shall be divided among them as my executor in his sole discretion deems practicable, in as nearly equal proportions as possible, having due regard to the personal preferences of my children. Any unselected items shall be sold and the proceeds therefrom added to my residual estate and distributed as such. If no memorandum is located or received by my Executor within sixty (60) days after taking office as such, upon the conducting of a reasonable search for such memorandum, the Executor shall be held harmless for distributing such property as herein provided. THIRD: Cash Bequests. A. I give and devise unto JAMES ERHART AND AUDREY ERHART or the survivor of them the sum of Two Thousand Dollars ($2,000.00). If neither JAMES ERHART OR AUDREY ERHART survive me . this gift shall lapse and become part of my residual estate a..lld distributed as such. B. I give and devise unto the NEIGHBORHOOD SERVICES CENTER of Oxford, Pennsylvania the sum of One Thousand Dollars ($1,000.00) to be added to their permanent endowment with the use of the income and the income only. C. I give and devise unto the NOTTINGHAM PRESBYTERIAN CHURCH of Nottingham, Pennsylvania the sum of Five Thousand Dollars ($5,000.00) to be added to their Memorial Fund as part of the permanent endowment of the church and the income and the income only generated therefrom to be expended in accordance with said Memorial Fund. FOURTH: Residue - I give and devise the rest and residue of my estate in equal shares to those of my children, SUSAN A. PURCELL, CLAIRE ANN GRUVER AND CHARLES W. LYNCH, who survive me by thirty (30) days. However, if a child does not survive me by thirty days, but leaves descendants who survive me by thirty days, those descendants shall receive, per stirpes, the share the child would have received had he or she survived me for thirty days. ~:~~~ ) , FIFTH: Administrative Powers - In addition to those powers given by law and effective until the date of actual distribution of all property, my Executor and his successors shall have the following powers in addition to and not in limitation of those granted by law: A. To retain any real or personal property which may at any time form part of my estate as long as they may deem advisable; B. To invest in any real or personal property without restriction to legal investments or to keep cash in the bank uninvested if deemed advisable for the protection of principal; C. To repair, alter, improve or lease for any period of time any real or personal property and to give options for leases; D. To sell at public or private sale, for cash or credit, with or without security, to exchange or to partition real or personal property and to give options for sales and exchanges; E. To compromise claims without approval of court; F. To make distribution in cash or in kind; G. To execute and deliver all instruments and writings necessary or appropriate for the exercise of any of their powers and to do all other acts in their judgment necessary or desirable for the proper management, investment and distribution of my estate; H. To continue and operate, to sell or to liquidate, as my Executor deems advisable, at the risk of my estate, any business or partnership interest received by my estate; I. To procure and carryat the expense of my estate insurance of kinds, forms and amounts deemed advisable by my Executor to protect my estate and my Executor against any hazard; J. To compromise, submit to arbitration, release with or without consideration, or otherwise adjust claims in favor of or against my estate; K. To employ any attorney, investment advisor, accountant, broker, tax specialist or other agent deemed necessary by my Executor and to pay from my estate reasonable compensation for all services performed by any of them. SIXTH: Taxes - I direct my Executor to claim any expenses of administration of my estate as income tax deductions upon any income tax return or returns whenever in his sole judgment such action will achieve an overall reduction in the total income and death taxes. SEVENTH: Appointment of Executor - I nominate, constitute and appoint CHARLES W. LYNCH Executor of this Last Will. Should he fail to qualify or cease to act as such, I nominate, constitute and appoint CLAIRE ANN GRUVER substitute Executrix of this Will. EIGHTH: No Bond - I direct that no fiduciary acting hereunder shall be required to give bond or furnish any security in any jurisdiction in which such fiduciary may act. /:/1 -~ ~ //Ll~ ;7,Y MAR~CH NINTH: Not Contractual- This Will is not executed pursuant to contract, and I expressly reserve the right to revoke, alter or amend it. IN WITNESS WHEREOF, I have hereunto setmy hand and seal this Jqfhday of }'WVa71W; 1997. ~::::~ . . THIS INSTRUMENT, consisting of this and three (3) other preceding pages, each identified by the signature of the Testatrix, was on the date thereof signed, published and declared by MARGARET G. LYNCH, the Testatrix therein named, 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. COMMONWEAL TH OF PENNSYL VANIA) ) SS COUNTY OF CHESTER ) WE, MARGARET G. LYNCH, Be. My At Hel (H~.,/ and George G. Heiney, II, the Testatrix and witnesses respectively, whose names are signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed and executed the instrument as her Last Will; that she signed willingly; that she executed it as her free and voluntary act for the purposes therein expressed; that each of the witnesses, in the presence and hearing of the Testatrix, signed the Will as witnesses; and that to the best of their knowledge the Testatrix was at that time eighteen (18) years of age or older, of sound mind and under no constraint or undue influence. ~~~-. Subscribed, sworn to and acknowledged before me by MARGARET G. LYNCH, the Testatrix, and subscribed and sworn before witnesses this IqM day of Nwwber, 1997. ~Jr/DJ- frr/~ Notary Public Notarial Seal Rebecca M. Kleinz, Notary Public Oxford 8oro. Chester County My Gemmissien EKpires July 16; 2QOO f --' CertifICation of Notice under Rule 5.6(a) Name of Decedent: Margaret G. Lynch Date of Death: 9/19/2001 Will No. 21-01-0903 Admin. No. 2001-00903 To the Register: I certify that notice of beneficial interest required by Rule 5.6(a) of the Orphans' Court Rules was served on or mailed to the following beneficiaries of the above-captioned estate on 10/27/01. Name Address James and Audrey Erhart Bethel Rd., Oxfurd, Pa. 19363 Oxford Neighborhood Services Center 35 N. Third St. , Oxford, Pa. 19363 Susan A. Purcell PO Box 128, Nottingham, Pa. 19362 263 W. 90th 81. New York, NY 10024 Nottingham Presbyterian Church Claire Ann Gruver 310 W. Lisbum Rd, Mechanicsburg, Pa. 17055 Notice has now been given to all persons entitled thereto WIder Rule 5.6(a) except none Date: _10/29/0 I . ;-t _ \"...... Signature ~ ~ v 'r' "" Name Charles W. Lynch . Address 11 Maurice La. Clifton Park, NY 12065 Telephooe (518)_371-9215 Capacity:_ X_Personal Representative _ Counsel for J>eI:sonal representative I/'}-/I-..E ~ BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION DEPT. 280601 HARRISBURG I PA 11128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE INHERITANCE TAX STATEMENT OF ACCOUNT * REY-liD7 EX AFP (01-02> 'n(~ j 30 . DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 08-05-2002 LYNCH 09-19-2001 21 01-0903 CUMBERLAND 101 MARGARET G CHARLES W LYNCH 11 MAURICE LN CLIFTON PARK Allount Rellitted NY '1,2:0165 MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper credit to your account, subllit the upper portion of this forll with your tax paYllant. CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ REY=i6oi-ix--AFP--Col-:oii-------...--iNHERITANCE-YAX--STATEMENT-OF"-Accouiif--.-..--------------------- ESTATE OF LYNCH MARGARET G FILE NO. 21 01-0903 ACN 101 DATE 08-05-2002 THIS STATEMENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAMED ESTATE. SHOWN BELOW IS A SUMMARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYMENTS, THE CURRENT BALANCE, AND, IF APPLICABLE, A PROJECTED INTEREST FIGURE. DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 07-15-2002 P R I NC I PAL TAX DU E : ..........................................................................m.............................................................................................................................................. 18,400.53 PAYMENTS (TAX CREDITS): PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) 12-13-2001 CDOO0647 920.03 21,745.00 07-16-2002 REFUND .00 4,264.50- TOTAL TAX CREDIT 18,400.53 BALANCE OF TAX DUE .00 INTEREST AND PEN. .00 . IF PAID AFTER THIS DATE, SEE REVERSE TOTAL DUE .00 SIDE FOR CALCULATION OF ADDITIONAL INTEREST. ( IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A ..CREDIT" (CRl, YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. l /~-// "- -< '------- ' COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE '\, BUREAU OF"lINDIVIDUAl TAXES INHERITANCE TAX DIVISION DEPT. 280601 HARRISBURG, PA 17128-0601 NOTICE OF INHERITANCE TAX APPRAISEHENT, AllOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSHENT OF TAX DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 07-22-2002 LYNCH 09-19-2001 21 01-0903 CUMBERLAND 101 CHARLES W LYNCH 11 MAURICE LN CLIFTON PARK .02 JUL 23 ., :15 NY ~l-2065 C\ *' REY-1547 EX AFP (01-02> MARGARET G Allount Rellitted (1) (2) (3) (4) (5) (6) (7) 147,500.00 .00 .00 .00 24,879.00 165,342.00 79,500.00 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 ~ RE-V':is4j-i3f-AFP--foi-:ozl--No;--ici--oF-'rNHiifiTANcE-;-AX-Appi7riiiMENT-;-i.Li-owAifcE-oii----------------- DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF LYNCH MARGARET G FILE NO. 21 01-0903 ACN 101 DATE 07-22-2002 TAX RETURN WAS: ( ) ACCEPTED AS FILED ( X) CHANGED SEE ATTACHED NOTICE 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. Hortgages/Notes Receivable (Schedule D) 5. Cash/Bank Deposits/Hisc. Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) 7. Transfers (Schedule G) 8. Total Assets APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adll. Costs/Hisc. Expenses (Schedule H) 10. Debts/Hortgage Liabilities/liens (Schedule I) 11. Total Deductions 12. Net Value of Tax Return 13. Charitable/Governllental Bequests; Non-elected 9113 Trusts (Schedule J) 14. Net Value of Estate Subject to Tax If an assessment was issued previously, lines 14. 15 and/or 16. 17. 18 and 19 will reflect figures that include the total of ALL returns assessed to date. ASSESSMENT OF TAX: 15. Allount of line 14 at Spousal rate (15) 16. Allount of line 14 taxable at Lineal/Class A rate (16) 17. Allount of line 14 at Sibling rate (17) 18. Allount of line 14 taxable at Collateral/Class B rate (18) 19. Principal Tax Due NOTE: (9) (10) 4,811.00 (8) (19)= NOTE: To insure proper credit to your account, subllit the upper portion of this forll with your tax paYllent. 417,221.00 6.987 00 410,234.00 6,000.00 404,234.00 .00 18,100.53 .00 300.00 18,400.53 TAX CREDITS: nln...... RII:l;II:If"T " (+J AHOUNT PAID DATE NUHBER INTEREST/PEN PAID (-) 12-13-2001 CDOO0647 920.03 21,745.00 TOTAL TAX CREDIT 22,665.03 BALANCE OF TAX DUE 4,264.50CR INTEREST AND PEN. .00 TOTAL DUE 4,264.50CR 2.176.00 (11) (12) (13) (14) .00 X 00 = 402,234.00 X 045 = .00 X 12 = 2,000.00 X 15 = . IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. ( IF TOTAL DUE IS LESS THAN $1, NO PAYHENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.) 1" REV-1<470 EX (6-88) . INHERITANCE TAX EXPLANATION OF CHANGES COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG PA 17128-0601 DECEDENrS NAME MARGARET G LYNCH FILE NUMBER REVIEWED BY ACN 2101-0903 101 John Kealy ITEM SCHEDULE NO. EXPLANATION OF CHANGES Increased the value of real estate reported on schedule A to $147,500 and increased the value of the transfers reported on schedule G to $79,500. Discount for fractional ownership is not applicable for Pennsylvania State Inheritance Tax purposes. ROW Page 1 w ",' ~: (,.j <1: f'. I 1-. :>-.;; ,., ;go ~~. .1-- a.. :":>- N(V)5 .'V' OQ ,.CZN-O r""'1 (") vJc-63-u~ f.A.g . -J W IV? :::J <r: a (VJ .. -.- iiiiii J - - =- _. - M (Y/ - ~ ;; ... r--. - -- CJ .- - _.- t I/,! - r .. 'T i>>........... to .. ~ .~ 1'1 ,. ... - .. ::;,~ ~ - ..-... .. '''''' .~... ---- c:+:- .. ---- ... . -- ~ - 1 ........... I"- :3 ...0 - . 0 - 0 0 ..-, -...... o. l"- i; ...-C- ~ .. -_. IT" 0 ru 1? ru 8 V) 0 ~ 0 -~ ,:,1 0 0 ---- 0 0 ~ ......... - ..JJ -- \) {'f - m .~ l\J - 0 ~.,') = rI ~ ,...:r \ - 0 - ,..... - 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 LYNCH CHARLES W 11 MAURICE LANE CLIFTON PARK, NY 12065 -------- fold ESTATE INFORMATION: SSN: 160-07-7339 FILE NUMBER: 21-2001- 0903 DECEDENT NAME: LYNCH MARGARET G DA TE OF PAYMENT: 1 2/ 1 7 /2001 POSTMARK DATE: 12/13/2001 COUNTY: CUMBERLAND DATE OF DEATH: 09/19/2001 NO. CD 000647 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 I $21,745.00 I I I I I I I I TOTAL AMOUNT PAID: REMARKS: CHECK# 2910 SEAL INITIALS: PB RECEIVED BY: $21,745.00 MARY C. LEWIS REGISTER OF WILLS REGISTER OF WILLS Cv uK STATUS REPORT UNDER RULE 6.12 Name of Decedent: L 'i fJ, C+\ 1Y\ '~It G A '" (;,~ 6-, J Date of Death: '1-/4-0\ Will No. ;2..o~l- O~ qc'3 Admin. No. ')./- 01- 0'103 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State whether administration of the estate is complete: Yes X No 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: N ) ~ 3. If the answer to No. 1 is Yes, state the following: a. Did the personal representative file a final account with the Court? Yes No >< b. The separate Orphans' Court No. (if any) for the personal representative's account is: N/~ c. Did the personal representative state an account informally to the parties in interest? Yes)( No d. Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Cerk of the Orphans' Court and may be attached to this report. Date,X J~~/a~ ig~\~~~." C \-\~(2 l..~S . W, L'-/ f.( c t-\ Name (Please type or print) II rAA~R,c.f: LN Address ( ~!) 57 1- g ~ I ~ Te 1. No. Capacity: >< Personal Representative Counsel for personal representative (MAH:rmf/AM3) .. REV- 1"00 EX (:-00) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 REV-1500 OFFlCI^.L USE ONLY w .., lI::~CI) uO::lI:: wO-u :I;oo uO::...J o-tD 0- <( , _ /7-1/~2t.C FILE NUMBER ?-'-L-O~ O~72? INHERITANCE TAX RETURN RESIDENT DECEDENT COUNTY CODE YEAR NUMBER I- Z W C W o W C DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) L --f f-J C f-\ (Y\ ~ R G- r-Jc e"'" 73"31 SOCIAL SECURITY NUMBER /0(:) -a, G-. DATE OF DEATH (MM-DD-YEAR) <1-1'1'-01 DATE OF BIRTH (MM-DD-YEAR) 5'-5-11 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER I'-t/ p., - (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) ~/A ~ 1. Original Return D 4. Limited Estate cg] 6. Decedent Died Testate {Mach copy of Will) o 9. Litigation Proceeds Received D 2. Supplemental Return o 4a. Future Interest Compromise (dale of dealh after 12-12-82) o 7. Decedent Maintained a Living Trust (Attach copy of Trust) o 10. Spousal Poverty Credit (date of death between 12.31-91 and 1-1-95) o 3. Remainder Return (date of death prior to 12-13-82) o 5. Federal Estate Tax Return Required ~ 8. Total Number of Safe Deposit Boxes o 11. Election to tax under Sec. 9113(A) (Attach Sch 0) I- Z W o Z o 0- III W 0:: 0:: o U . BE DIR~cTED fO: l1.. NA~ L C Hp.,,~(.. e.5 'vJ, --It-fc:.14 FIRM NAME (If Applicable) (.....J J A TELEPH~ rYfB.;R 3 7 (_ 9;1 / (' / ( I'^ f' C-'- (2.. ( C- f: L /,1 C L \ ~ '\~ t--l P-~(2..k, 1'( "I I ;.L-Q(,<- ~;:hJ3 .r'. 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) (1) (2) (3) (4) (5) J ;1:::: 37~ , -..~.:- OFFiCiAL USE ON[Y'- -~ ~ 3. Closely Held Corporation, Partnership or Sole-Proprietorship -' \.--A":' 4. Mortgages & Notes Receivable (Schedule D) (6) c?,. L.f, 'l 7 9. I ro ~ slfl- ~ ~, ?-;2.S z o ~ ..J :J l- ii: <( u w 0::: 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) o Separate Billing Requested 7. Inter -Vivos T ranslers & Miscellaneous Non-Prohate Property (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) (8) + ~ { { ;;.. I 7 (., j o ~61 , 37 L{ 'g3t{ ~' o~o , (7) /' 3'3/ (;1-/ (9) (10) 9. Funeral Expenses & Administrative Costs (Schedule H) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) 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 lor which an election to tax has not been made (Schedule J) (11) (12) (13) 14. Net Value Subject to Tax (Line 12 minus Line 13) 3~~ z:s~ (14) SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES z o ~ ~ :J 0.. :E o u g 15. Amount of Line 14 taxable at the spousal tax ~- rate, or transfers under Sec. 9116 (a)(1.2) x.O_ (15) 16. Amount of Line 14 taxable at lineal rate "3 G,(. 'iSs'-f x .0 if:: (16) /6 . $"07,5.3 I J 17. Amount of Line 14 taxable at sibling rate - <::>- X .12 (17) 18. Amount of Line 14 taxable at collateral rate ?-- 0 0 '() x .15 (18) 3Qo. ()O I 19. Tax Due (19) / ~ , Z 07.5'3 , ~ CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 20. > > BE SURE TO ANSWER ALL QUESTIONS ON REVE;~SE SIDE AND RECHECK MATH < < ,. Oecedent's Complete Address: STREET ADDRESS (.f C' I (\ I' ( VI I.. \... A to " CITY M (: '-\-\.A II , c::. s t1 '-^ ~ c.. I STATE rp.. I ZIP 17~~S Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount ~ '?~ (1) / G. 'tOr. $"3 -:l /) 7 I.{~, 0 0 ?Lfo, ;/i Total Credits ( A + B + C ) (2) -;l ?-J :;g( s ~ 3. Interest/Penalty if applicable D. Interest E. Penalty TotallnteresUPenalty ( 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) -~- ~ 777,1, ~ 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5) (SA) (5B) A. Enter the interest on the tax due. Make Check Payable to: REGISTER OF WILLS, AGENT ~~~.,...........~.~,"__"""_~",~,,,,_~.", "~~r.''''',"___"I~",~.,.""",.,_",_"..,.~~iliJ!l1'~'~.__,."...,.~ rn~,_, .1I\i!l".,,"". "...,_.1",_ ..~..,,", 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;.......................................................................................... ~ D b. retain the right to designate who shall use the property transferred or its income; ............................................ El D c. retain a reversionary interest; OL........................................................................................................................ D Qil d. receive the promise for life of either payments, benefits or care? ...................................................................... D 0 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? .............................................................................................................. lZi D 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .............. D ~ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ........................................................................................................................ D ~ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN, Under 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, .,.( LH, CL..I..>t~\\ FP,f:'k", N'-( I;ZObS'- G003 THAN REP~hENTATIVE VERNON M. MARTIN, JR., CPA V PA 17019 717-766-2511 31 8844414 ...~....,"""".~"~.~...,.,.,,..,~""""".",.-.- ,,"-,"~-~~.~.-,". ,~~_,,~, ."__"~"" ~.'~'- .,,.....~ .._" ~.... '" ..'~ "~. ~ .",~.-.~ ~"' q "-~'~'_'~"".' _ '. " -~,. ~.n'",,",""'''''' _.,,~, .' ,,",,,, For dates of death on or after July 1, 1994 and before January 1,1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S. 99116 (a) (1.1) (i)]. SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETU ><. ~~ ADDRESS Ii fl^~\f~\(( SIGNATURE OF PRE~~R 0 V f',. ADDRESS DATE &--7 -0 :L 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. 99116 (a} (1.1) (iill. 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. 99116(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 }J. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. ~9116(a){1.3)J. 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. ESTATE OF Lynch, Margaret G. Item Number 1 SCHEDULE A REAL ESTATE Description Farm and Buildings located at 610 Bethel Rd. Oxford, P A 19363 Total value per appraisal $590,000 15% discount due to partial ownership, (see appraisal letter) Discounted value Ownership percentage Date of Death value X85% $501,500 25% $125,375 FILE NUMBER 21-01-00903 Value at Date of Death $125,375 Total Value (Entered on line 1 of Recapitulation) $125,375 ( REV.I503E~'f'.9n SCHEDULE B STOCKS & BONDS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATEOF L ---I tJ. CH \"1\ ~ It C. A R. c""'- I &. FilE NUMBER ')..1 - b {- b 0 9 0 "3 All property jointly-owned with right of survivorshIp must be dIsclosed on Schedule F.. ITEM NUMBER 1. DESCRIPTION VALUE AT DATE OF DEATH P-,Ll.- $'"-1' ~c.fc::- (.s R.\G-r\'\ O-r r ~ I \-\ '\ L. -j - 0 vJ /' f ";:) 5" \.A. 'I'L V ( l! 0/"'-.. n-\ \ P Wll'\-l< P-. '\ r\ ~ {'- Ie. \:.: '1 (/.. C: S' G (. 5" c. \-II e)) 'A l.- ~ _-0 - TOTAL (Also enter on line 2, Recapllulation) $ (If more space is needed, insert additional sheets of the same size) ,~ ~_. i REV.1508 EX. (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY FILE NUMBER ~ Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of SUNivor5hip must be disclosed on Schedule F. ITEM NUMBER 1. /-, '3. 4. S. ~, I. t, q DESCRIPTION ~ c. c:.. Ov. /1-- at: ~Q 0 0 <t 'i 'J,-, '1 7- (t1c.<..ov-t.\'" ~ ~col{~5"'~~( (!:(, S-C~\ f") t1:5\ \-'\ r'; p t..1 c- (] A ,,( ,<- Q(IE PJ"C- Pi- p,-e.-A ?-4 r PI ~~ r\ A- V ~ if\ r.-\ ( e ..). fl. ~ 'r\ P ~ I =:;;';L 2- - '7707 CI-'Gc..IC.I'l-l Cr SAVI H G-5 (2 t r=: II- ",~ ; 12-(i; y: v.. ,,>> : rg, \::. ~.\ (:. r ,,.- : fC f:. F'v.. }.t 'S> R. '<.~\}..'I'\ '.;:l , R.. Ie. (' ,J- ~,~ f(r::..s.",,\ ~L CPffy/\f\--:\/'\ VALUE AT DATE OF DEATH 101 130. ~~ . - ~- C G 1--'--<: (1.. p,L. p~ H ~5fl c...~ t? E..-'\, \-' A \-\ ,{ V \ \".\, Po (- "- ('(I tt.r\A~.\\c.Sav..f'l.r- y PI \-7~~~' t-( -:s ;z.~. O-:J . I l,tft,7,;.z..O. (3l,..v...G... C:t?-"l~S c!- (?L.\/>.c, S-~\(i;"'") ~S.5"~ -r'1Z,O,:) . r \,1 '')> E.(>(;. )-r:;> ~ \-1 _ a l-v-. lC C Ii- ~ss '?-'69.7(., . ~7t..f\,c,o;:). /' ./(1~")a. ~ Lof 'I ...-' J P .f\ $r'~ ~ "", ~ :c 1-1'-.) M t. ",po. --+- ~I::.'):) ctLP-,1..- X-~.\L)W'E ''Ip.-+ :::IfIt..iV\..(- C\"'\~'<:'\ J\;;..J0-l-f'.-( ~'....(.<.f.lV'<;:v-v-t.~ , I Go ~.;:J. ,,~. (',. ...... ~<:. \ C ".! _ f{l..~~fP.\0 r~^1 f'f f( r~J Q7'O. 00. TOTAL (Also enter on line 5, Recapitulation) $ ~ '1, Y 7 ;< . ;:: 7- (If more space is needed, insert additional sheets of the same size) . REV.l509 EX ~(t.91) SCHEDULE F JOINTLY-OWNED PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF L r /-.1 c.1-\ I M ~K..c.fl, /2.EX'" G-, FILE NUMBER 1-1 - 0 1 - D 0 cr v .3 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO DECEDENT A. ..s I.J'- S f\ .H L. Fu....rc.c,l..I... ~f\v- G. \-Ir ~~ B. CL(>.I((.G ~, G- f2 If. Ve. tt. :D ~ v- C. Y"'- C It.. c. JOINTLY -OWNED PROPERTY: LEITER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM FOR JOINT MADE Include name of financial institution and bank account number or similar identifying number. Attach DATE OF DEATH DECD'S VALUE OF NUMBER TENANT JOINT deed for jointly-held real estate. VALUE OF ASSET INTEREST DECEDENT'S INTEREST 1. A. q/7/111 r (' a~CtJ r:.-( .;;, A L(>, '/'(I ':\ ..\ ..;,f'(\\""~ ~ <-J '), I $I)",?~, t1 t'> k )f!' '34~- 0 'i I t.t t.{ -I {.. ''1."':I:l c~ ("~ (~,/' ,,") I l..~,. , . hl;/"!! f J'( C- (] A +1 \::::.. f\lc tf.r $'1)0 I/{ 5'1;,'-1 # ?- g', ~ :s I . '\l b". ~O~ I '-f, '3 1 S. $'1.. 2-. t3 TOTAL (Also enter on line 6, Recapitulation) $ J ~ ~ ..~ '-f -, 3 ,.... ,.L , .- (. 7 (If more space is needed, insert additional sheets of the same size) REVI51OEX'{1.91) .' ' ' . ~, COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER.VIVOS TRANSFERS & MISC. NON.PROBA TE PROPERTY ESTATE OF L'-I t.( c.~ ) \Y\ ~ It G- p.., vt. ~,..-r ("-', FilE NUMBER ;l 1- 0 1- 0 0 1') J This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes, ITEM NUMBER 1. DESCRIPTION OF PROPERTY INCLUDE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OFlRANSFER ATTACH A COPVOF THE DEED FOR REAL ESTATE s v-S ~ t{ L, p.,/, (t C<S'-'-':" \,)~ v V I,''''' tr'2 <;;"'1.. -:r:\,\--{I\..~$r- 11--' {Cl"'''''' b<;'\,.~ ~ ( .( E. ~'0 fA ~ )'Y\. 0 1,1 S C 'l-" E'l',) ,)- (... €:. ~) ,,-, ~ i-A'f..G, C-. G-re,lf'ov(.f<....-~P'\A~\--~t)EK ~% ~t-\.-.:~~Gsr\ I~' f..-" ~'-~$,."px~ (S'<: f. --r--A R""" O~I S'c.\). Go 1) \,,)...... f: A) DA TE OF DEATH VALUE OF ASSET 5'Q 0, O'O.y y... <( ~ ""1. CD :)01 5"o~ _.- _~.._---l 5' 9"/ 0 v .J y.., ~ '$""'1. CD _...__.._....., ..~ _uo ,~._.__, _ __..._~._u_. S-\:l I ' <;v.::> C:l-\f\,(.Lf.5 v.i, L'/tJc.f-\-..("~~,'\ tJ:t:tO,OO--.) ~ ~ ~ 't' x, ;r...~Sr\ I "'" (C~r:>"-~",,f-----\r f- ~')~.CD ( .f' \ ~ \:-:~ ~ "" ~ ,\ ~,c ~ ~, \) \~ '-- ~ A )'_i~~-,.L.~~~~i-- ".--) .:;, CD $"€G r~, S'c.'l\J- l""'(" L '-~~ l {l.. f "- ~ V'i" 'Aff'p-(.':II~(L (J<fI. '1)15c..~"'t'~ "i::)(..A. E- '\ ~ f}.. 12.'" \ pH.... 0-...1 +-1 l; fl..:;; l-\ ,,~) %OF DECO'S INTEREST 55>... <'9 - ~ C~4 EXCLUSION flF APPLICABLE 1 --:s-;:,~~ 5 0-;:' a '?, c:::!.,:) TOTAL (Also enter on line 7, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) TAXABLE VALUE ;;L", 07 <{ ;L~, 07<" ?-;;J-, -::l--r'~ r;, fc, ;L;L <{ REV-15;1 EX+ (12-99) . ~& COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF L"-I lof C ~ , ITEM NUMBER A. ()1. f'.K 0- f" vt f,-- 0-. FILE NUMBER (}/. 1)1- ~0'10::S Debts of decedent must be reported on Schedule l. DESCRIPTION AMOUNT 1. FUNERAL EXPENSES: O-t.c:::.'C(t'!) C~N Gr-' ~~,\ '.L l''-e-.tt.I( N'- t:\',-." L.. O'^J 6,.L..l.. HE:. e$'" ~~ - 1-\ t po. ~;> $"", "I ,1 f 0 f'rZ v I ..., C- (..A.. VZ ~ \ ~ ~ "I vv... C {<,( M P><' \ ~ \ \ ~;. '1 C. t Eo. ~ \ Cf-f-{YI(?4~\::)~1 S~c:.(/S.""';-(_ F'R- (PP\'':) ~-I f (II ,i'Ef f'{\" ~. C E 1..\-(\ ~( G. I")\A.) ~_...... te- H c (L f>-L R- cl... {lV':: ~r? E -!- f F P' M \ l 'I -I:rc ~ V tL.. E -~ r f. ! I \" ~. { "F::l ~ -r.:' I/' 1\ (,. (( (\ L..... ';1. ~ .1. 0'') , I I.." Q..,. ''17-.00. qr"",.<J". /,~'(,I.iO. q 40, '/:S ;1.., 1" 4-, .5. &, B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s)/EIN Number of Personal Representative(s} Street Address City State ___ Zip 2. Attorney Fees Year(s) Commission Paid: 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) 4. Claimant Street Address City State _ Zip Relationship of Claimant to Decedent 5. Accountant's Fees Probate Fees '3 I 'I. <0 0 . 6. 7. II. Tax Return Preparer's Fees '85'o.oa. f(~VfK. 1\ 5' t---.! '- C. \Jo. Y'>' (.l. (flL A ,\,-I'J l t\w -:r <) v- R \'.\ 14 L ;:L L I (i €;./l.'"t' -\ f;4 \j ~ Cf'y'2'-I.5!-~) PPr 'It\,, ->E \,\ '"t"l \'-\ (;1- '-I -57 G, /'(... r-~....' S~ C 6\tt~"'5L(" f' A /5,00 \7~ 1'3 77, <C"'5 J /7<:::>(3 Po r.I-:':l""'-.. I :s ..::> / TOTAL (Also enter on line 9, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 49//.I~ REV-1512 EX+ 11-93} *' SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES AND LIENS Please Print or Type FILE NUMBER ~I- ol~ 00703 COMMONWEALTH OF PENN5YlVAN1A INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF L -...; l'4 c ,~ J r'^ A ri-C- A ~ E~ G-, ITEM NUMBER DESCRIPTION AMOUNT 1. ;2.. 0 -:s , ;1.;L . ;1, 3. t.f. ~ ..;. Ii L G;. ((.~ f )-\f'tz- f'y\ f'. '-~( ) ~ l""' ~\ p:., ~\' { VI \.-L- A (,.. G: fY\ C::'-,"'-~ H(c..sa\A~c.1 fA 17-'~~ ~~L-~ 5:fU2..\(<" p.-.,sf'I'"'1I1.- C::.~/'('f ~\W- PC1- \'1-0\\ J 14~,~C-. P A 'Y(r~ ~~ f-\ p.., r?... R \J 11 \~ !'<- C- ) ~< (~1 . (C ~ V t.. ~\ ~ b P {J. ('7 I ~ 4 p, h ~ ~ t.... L. <.: ~ ~ (.H,." ~\ lM C) os: P \" ~ l.- 11 a. (,... I f' 0" "'--;1;L,~ J. f2 ~,It.. [. ((.. - C. -t\ VY'- f tJ G.. I.. (. f? t t' V' ., R.. 4-~ ;i. (] "'( flt <e.)> fJ.~ S; '-^ ,.... ( I 0 ~ ) \e t. t I \,.' ~ ~.-- S ~ v-. P, ~ <.:. ) p.~ \ Cj "'3'+ f' 7--{"0, 00 $ ~.t7<.,A/ TOTAL (Also enter on line 10, Recapitulation) (If more space is needed, insert additional sheets of some size.) , REV-1513EX+I~-97) SCHEDULE J BENEFICIARIES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATEOF L --{ t-\ C rt I NUMBER I. II. FILE NUMBER ;;2.1- -01- 009<)2 f'0. (;\ {C (/- ~ iC E ..--- G-: 1. NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS (include outright spousal distributions) S u.. $" P1 H L \ fu.. (i.. c: e I- '- ~~"3 W, 90 ~ rr-"'\ H E~ --!-,R,\c:.. ~ H'" I (J o;;t.c.( C L- 0 \ rt~. ~ , G- rc v. V cSr'2.. --:s I c lrI . }... I )" I? \A ((. I \ ~);J , f't'\ E:c:.~' f\ \~ \ c.S' ~ ~ fC. C-.1 P p.. I 7 05""<" C.V r-,(..L.C1 W, L Yt--\'-p II r,<, po. 'J- !t.1 C. ~ L-i! f CL 1'-"" '" -:) ~\ P0 (t Ie::) /-,( ,/ I ;2 O~<;- !.COO:5 RELATIONSHIP TO DECEDENT Do Not List Trustee(s) AMOUNT OR SHARE OF ESTATE j) ~ '1- c;... r\'>-;, t re. \:l~?-7~ :;.. J..... p.+ (-;.. ,,'''' &. f<:'" J 1--1--, J,7 ~ -'1 ..... ~ :.> " \- \ /7-1-; 't- 7 V 4, ::J f\ fV' G;.. r;. f. re. \-\ ~ fC.~ \ P\ \~.> ve. ~,( ~ ~\' t:I.('-'- ..t /00 I.S' ~~ ~ .0- (2~ \)r-!~~rt'5;) I p~ I Cf'3J.,.:? -r-:(?, (.., \ \ :> -r f'l \ C:::.~ ,':::, / -"')0" , /' ..;. / '"j~Cl i 5 G, ~ ~3't.( ,':Y'\AL J ENTER DOLLAR AMOUNTS FOR DiSTRiBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 17, AS APPROPRIATE, ON REV 1500 COVER SHEET NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTiON TO TAX is NOT BEING MADE 1. B. CHAR IT ABLE AND GOVERNMENTAL DISTRIBUTIONS 1. N EIC.}\r.?"IC..H()O~ S'€..f2..VI (H c:.~ \Jr- (A.- S 5' f..f, ,"\~\d Ie ~ $("\, (::~;"'"f. 'C ::J I<- ,~ P po, I q s b 3 .I I. "",:)..J ~ N~'"'~ I \-...I <i- po ~ M fit t. S a'-l~ €-J2.. \ f'. ~\ C \"-\ 1,J\,1. c..~~ f. \). i1c.'. 1'7-1( N <::) '\'\ \ 1"( G-I-'- 0. V'^ P A I 9 "3 C:, ;L .J -C. '1 0 ~ J 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) (,..,,'JJO, This is to certify that the information here given is correctly copied from an original certificate of death duly filed with me as Local' Registrar. The original certificate will be forwarded to the State Vital Records Office for permanenr filing. WARNING: It is illegal to duplicate this copy by photostat or photograph. No. ~} ~J,....t d~~' (..~l(/ /~. (' ~;. d.-{.r/.A..-?'P'-1' :1~ Local Re;istrar .. (// Fee for this certificate, $2.00 p 7742117 2 1 '[Om ~LI Date ) : 43 Rev 2187 COMMONWEALTH OF PENNSYLVANIA' OEPARTMENT OF HEALTH' VITAL RECORDS CERTIFICATE OF DEATH NAME Of OECEDENT (F"St. MIddkI.l.' SEX STAlE FILE NUMBER SOCIAl SECuRITY NUM8ER DATE OF OEATH ,McnttI. 0...,. ....., UNDER 1 DAY Houq Ulrn"t.. '.F ema..fe 3. 160 -07 7339 '.9-19-2001 Vauph-tn DECEDENT'S USUAL OCCUMION j~v:W~llf':'~,,;:~::a,~ "..Tr.ac.hVr./ UbJr.aJr.-tan ".. E.duc.a:Uon DECEDENT'S ""'lING ADllAESS (St,.... CoIyfbM>. SlaIo. Z",Codel DECEDENT'S 310 We..6t LL6buJr.tt Road ~~~~E Mec.hatt-tc.~buJr.g, PA 17055 ~~~ ... F"q)tER'S NAue (FitSl. M>ddte. lastl ...HaJr.oid G. Gaunt 1Nf'000000.S....ME(T-"'..~ _. MIl~. Cia..iAe A. GJr.uvVr. METHOD OF DlSPQSITtON Burial 0 C,.malion ~ ~.0tI'I Sial. 0 OIhef (Specify' 8\RTHPlACE lC.ry ,ilI'.,d PlACE cw: DEATH ICt>eck My t>f'e - - ->H ,"SIlUCloOl'~ on lXNtt SIOet S'-leOl' FCleognCOOnffYI HOSPITAl: -- wheaton, MN 1_.- 0 ERIOutpa"... 0 1. ... FACILITY NAME <II ~ ~'1U'I()l'l. gIVe stfe-et and nomtlefl k.HaJr.Jr.~buJr.g u~~~&~~on Sian~ Ho~p-tc.e Re~-tdenc.e. KINO OF BUSINESS/lNDUSTRY .....S DECEDENT EYER IN DECEDENT'S EDUCATION U,S. A.RUEOFQACES7 S h adecom I Yooo No~ E_nI7o":~'''' \,c::r'l 4 12. 13. ~~1ty,0l. s. 90 COUNTY OF DeArH ... Wh-ite MA.RnA.l SlAllJS. Uan.-d Naver M.IT'-d. WkkMed. )In(o<codlSo,ecolyl W.tdow~a SlHlVIYING SPOUSE 1"........!)IYe~namel t1b. Coun PA CumbeJr.iand Q;d -- ...... ..........7 e.n - 11.. S\. city/Wn) PA 17055 17109 rn.(j~}Iz..It,,' ~~Ii",~ OUElOlOAASACONSEQU E : H. I AppIOJum... :inI"-~n I 0ftMt and Math I I I NoD PART N: Othe, signincanc condIIioN; c:ontriblAing 10 etaalll. buI nul mulling in thII ondartying eauM gMIn n PART I $tquanti,aIy Iitt conditione H.n" INding 10 imrnadIll. CMIM. EnI.. UNDI:Rl.YMfQ CAuse fDisease or .......y .. . IhaI iNiaIed..... l~tndealhll..AS' 0UE101OA AS A CONSEQUENCE Of): OUE 10(00 AS A CONSEQUENCE Of)' d. MAE AUTOPSY FIHOINQS MANNER OF DEATH AWlABLE PAtQfI 10 ~ COUPlETtON Of CAUSE 0 Of- DEATH? ...."'.. Homicide -..... 0 Pending InvnttoaUon 0 No Yoo 0 Nollf _klo 0 Coukt not I)Ii dettmuned 0 OATE Of INJURY (Manfh. Day. ~ar) TIMe OF INJURY INJURY AT WORK7 DESCRIBE tiCJ\\I' INJURY OCCURRED. _ 0 ...0 o 2". 21b. aUITlF'llEA let-liCk only.,.,.. aCEAtIFYlNG PHYSlCIAH (PhyU:.." eet'lotylng cause d dfoalh Vwh.,.. M\OIher Oh'l'sco,an has pl'onounc:ed ~.Ih ana comPleted "em 231 ro ttM beat or "'y knowled.... d.ath occurnd d... 10"" ca""f.) and m."n., a. .t.t.... . . . . , . . . . . . . . . . . " . . . . . . . . . H. PlACE OF INJURv . At hot'M,1.rm, Slraet,l.ctory. otfk:. building. etc. 'Spec...... _. apAOHOUNCINQ AND CERTifYING PHVSICIAN IPhVSIC~ bolh plQI"lounc:lflQ (Je~lh .and Ceo1"Vong 10 cause 01 dearN To 1M betll of my knowl.dgft, d.alh occurr-.cl.t m. tlma, d"a. .nII plac.. _net due 10 th4I e.u..t.~.1'ld mann.r.. ...ted.. . . . o a"EOICAL EXAMINER/CORONER On the b..is 0' ellam\natlon andlor investlg.tion, In my opinion, d..lh occu"ed al the Um.. d.te. and place, and due to Ihe cauu(s) and Jt.~.nn.' .. s'ated.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33. RE"A~:S~GNA~~t~_ ~ ~~....,. /--(G7~ b21/~I/( I o ~~_._------ _ 3'~~ ~L_____PlMI STATE OF PENNSYLVANIA COUNTY OF CUMBERLAND SHORT CERTIFICATE I, MARY C. LEWIS Register for the Probate of Wills and Granting Letters of Administration &c. in and for said County of CUMBERLAND do hereby certify that on the 2nd day of October A.D., Two Thousand and One, Letters TESTAMENTARY in common form were granted by the Register of said County, on the estate of LYNCH MARGARET G (LAbT, t"l.l{bT, MIlJlJL~) , late of UPPER ALLEN TOWNSHIP in said county, deceased, to LYNCH CHARLES W (LAbT, t"l.l{bT, MIlJlJLt;) and that same has not since been revoked. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal of said office at CARLISLE, PENNSYLVANIA, this 2nd day of October A.D., Two Thousand and One. File No. 2001-00903 PA File No. 21-01-0903 Date of Death 9/19/2001 S.S. # 160-07-7339 7'rr?JZn',",~/u~VA~..<y Register NOT VALID WITHOUT ORIGINAL SIGNATURE AND IMPRESSED SEAL WHEREAS, on the 2nd 3ated November 19th 1997 was admitted to probate as the last will of LYNCH MARGARET G (LA~T, J:o'll{~'1', M1U1JL~) I \ \ \ \ ~ \ · ". · I " f I ", ~ I I, '" ~ . '<"(" \ ..,..... '~", "'.' .... ", " '~ .' . ,~I '~'o.\'''' . .. ')' " : ( ...... \ \. l., .' I,!:. , ' . I I :.. \ ') \ " ,t. t, _ . . I . '\ . . . . # IY, . \ "- . " . \ ," I, .'. \. \ \. " I' \ ' ' , I ~ ~ .. . . , . .. , - '(: \ \' ..... 'I. f I \ \,\' '. ,. ( ,'\ -......, 1/ /1111 \ \ ' Register of Wills of CUMBERLAND County, Pennsylvania Certificate of Grant of Letters No. 2001-00903 PA No. 21-01-0903 ESTATE OF LYNCH MARGARET G (LA~T, J:o'll<.~'l', M1U1JL~) Late of UPPER ALLEN TOWNSHIP CUMBJ:;l<.LANU CUUN'l'Y, Deceased Social Security No. 160-07-7339 day of October 2001 an instrument late of UPPER ALLEN TOWNSHIP CUMBERLAND County, who died on the 19th day of September 2001 and, WHEREAS, a true copy of the will as probated is annexed hereto. THEREFORE, I, MARY C. LEWIS , Register of Wills in and for the County of CUMBERLAND in the Commonwealth of Pennsylvania, hereby certify that I have this day granted Letters TESTAMENTARY to LYNCH CHARLES W who has duly qualified as Executor (rix) and has agreed to administer the estate according to law, all of which fully appears of record in my Office at CUMBERLAND COUNTY COURT HOUSE, CARLISLE, PENNSYLVANIA. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal of my Office the 2nd day of October 2001. '7t~f~~.Htt~'f **NOTE** ALL NAMES ABOVE APPEAR (LAST. FIRST. MIDDLE) LYNCH, WhO surVIVI; 111~ U] U">OJ \.- -,' -", bh'rty days those descendants shall receive, pt:l b I' descendants who survive me y t I I, , days, ut eaves. . " 1 ...1..l1_~..~ ..""";,,prj n"1~ np or she survived me for thirty days, 21-01-903 . LAST WILL AND TESTAMENT : * \ ; ~iFtk\'*H'4t4;''''~;,t't:.~; ,. i"hi~J. ..~. .'.<.. ". _'.' ';,., '. '. .' <,~j~ ~l :J-t \' ~:f:~,.;}~~,'.s ;~)tu~',(:i~,~t~_,€ ;~~, ! >~; .'fyl: "".'ll\ ~ . 't~j I$.' y.' -It t7', If ...,~~~jl "~" \l'H'~ I, MARGARET G. L YNCH,llfLowet: Oxford q~bIP! ~es!~ <(OlUltY: Pennsylvania, 'make :s !Ill ~t Will and hereby revoke any an~ all prjor wills and co<be!ls. \. ~,~I'?f"".it~~!\!\*H(~ i'tl..'l'~.. 'HI:1;. b'.I" J *.*"v d, " ',.; , f,~I'J...t IIIn.... "nd, )l'uneral Ex~en.CI. .-,M ." Cl(~ I paY,the expenses of m~ ;r' '. ". .~ b)1rial as ~ as ~nvenlenl .. d ,. .. 1\;:' .~ . S!~OND~';e~!~:I~~~tJ ~;~~~t{~:y ~ve 1~~. n a memoran um \~~ } by me, which I reserve the right to alter or amend at any time, to be attached to the' original of this Will, I give and devise all my household property and personal effec}s, automobiles and other tangible personal property, together with the insurance policies thereOn: but not including cash or securities, to my children: SUSAN A. PURCELL, CLAIRE ANN GRUVER AND CHARLES W. LYNCH, then living, to be divided among them as they may each select. Should there be no agreement, such selective property shall be divided among them as my executor in his sole discretion deems practicable, in as nearly equal proportions as possible, having due regard to the personal preferences of my children. Any unselected items shall be sold and the proceeds therefrom added to my residual estate and distributed as such. If no memorandum is located or received by my Executor within sixty (60) days after taking office as such, upon the conducting of a reasonable search for such memorandum, the Executor shall be held harmless for distributing such property as herein provided. THIRD: Cash Bequests. ",', .:"'. ,t'~''o-~1 '.~ ~: ,'1.;> .;"~".e-_:,, i';(;~1.!,".~j,~ ." A.' I give and devise unto JAMES ERHART AND AUDREY ERHART or the , #h;v(lr of them the sum pfTw,! T,II!'~d Dollars ($2,OQO~~h Iflleither JA~ ERtI~TOR . ..;AUDREY ERHART survive me this' ~ift $halllapse and be~q1Cj ..e:art of my ~esidual estate and ~~ J{ifistribUted as such. ,.,- i . B. I give and devise unto the NEIGHBORHOOD SERVICES CENTER of Oxford, Pennsylvania the sum of One Thousand Dollars ($1,000.00) to be added to their permanent endowment with the use of the income and the income only. ~t C, ( give and devise unto the NOTI1NGHAM PRESBYTERIAN CHURCH of Nottingham, Pennsylvania the sum of Five Thousand Dollars ($5,000.00) to be added to their Memorial Fund as part of the permanent endowment of the church and the income and the income only generated therefrom to be expended in accordance with said Memorial Fund. FOURTH: Raillm.1 give and devise the rest and residue of my estate in equal shares to those of my children, SUSAN A. PURCELL, CLAIRE ANN GRUVER AND CHARLES W. L YNelt, who survive me by thirty (30) days. Howev~r, jf a child does not survive me by thirty days, but leaves descendants who survive me by thirty days, those. qe;lce!ld~~, slu!1I receive,. per stirpes, the share the child would lu!ve received had he or she survived me ror thirty days:' 7fJ::2v!;~ ~--- .. ,\,.~;:~"., . ;~ i'!: . ~.~ ~-'~~~--~-,....~_.-..- -., ----'""OT-:":'"'"~-~-----.--":"--'7-.--..-. It.{.' ..'~ '\. ...., i~,:t",'~,$ .~]: '.,~l ~~';'f~'~i \ . .: '< j:ttt :n~yf~r.. '- ;.:;. '.i!~'f'~'f.:~'t'i:'~ ,-: ':'~ ~;:-:; ""~( ;,:t ", :; (" <.:... I.. h}' ~, FIFfH: Admlnlstratiye Powers .In addition to those pov.:ers given by law and effective until the date of actual distribution of all property, my Executor and his successors shall have the following powers in addition to and not in limitation of those granted bY, I . .', r'c~l; '; ,. '.'" ; '~ .. '''':~f, ?',111/~~p" - 1'_' '<".:_ '< '!:,! _?:'~:i,V~~~'~:~~,:,:;~";.:.rj:~..':\" .'.""t ~', .:.;,:\~: . ,'t1~~;:;.!ti~.>.: A. !fo retain any real or personal property whIch may at any time form part of my' estate as long as they may deem advisable;;"!'.: . '"#~ ' ~}' \>:,~" B. To invest in any real or personal property without restriction to legal investments or to keep cash in the bank uninvested if deemed advisable for the protection of principal; C. To repair, alter, improve or lease for any period of time any real or personal property and to give options for leases; D. To sell at public or private sale, for cash or credit, with or without security, to exchange or to partition real or personal property and to give options for sales and exchanges; E. To compromise claims without approval of court; F. To make distribution in cash or in kind; G. To execute and deliver all instruments and writings necessary or appropriate for the exercise of any of their powers and to do all other acts in their judgment necessary or desirable for the proper management, investment and distribution of my estate; H. To continue and operate, to sell or to liquidate, as my Executor deems advisable, at the risk of my estate, any business or partnership interest received by my estate; J:"" " '" '!" ..... ' . ,',-,-'':,' ,....' I. To ~rhc~e and carry at the expense of my estate insurance of kinds, forms and amounts deemed advisable by my Executor to protect my estate and my Executor against any hazard; J. To compromise, submit to arbitration, release with or without consideration, or otherwise adjust claims in favor of or against my estate; K. To employ any attorney, investment advisor, accountant, broker, tax specialist or other agent deemed necessary by my Executor and to pay from my estate reasonable compensation for all services performed by any of thell). SIXTH: IBm - I direct my Executor to claim any expenses of a4riJ,inistration of my estate as income tax deductions upon any income tax return or returns whenever in his sole judgment such action wiU achieve an overall reduction in the total income and death taxes. SEVENTH: Appointment of Executor -I nominate, constitute and appoint CHARLES W. LYNCH Executor of this Last Will. Should he fail to qualify or cease to act as such, I nominate, constitute and appoint CLAIRE ANN GRUVER substitute Executrix of this Will. EIGHTH: No Bond - I direct that no fiduciary acting hereunder shall be required to give bond or furnish any security in any jurisdiction in which such fiduciary may act. .14 -~~ /~ 'd J.p.:. MAR~CH .~~.__l ......,.~..'-~~--~-_.-.__.-....-._""-- "-'-~~._.__._-~-,--,...- ~- ... """'.....v. .. ~ - ---- ~.......... \ i I -----/ ~ ...... ~ ~,""" .~ -, - ,\., .A..<'\, ':'~~~'~;': :'. _r~~~:::;(:~ NINTH: N!>t Contra'ctual LThis Will is not executed pursuant to contract, and 1 expressly r~rve the right to revoke, alter or amend it.' .r, "iW.-> , ' " ..., "" . ,.', ...n.<. ,., . ,\,"". "y"l. ih : IN WITNESS WHEREOF, I have hereunto set my hand and seal this ,q " &y of ~b:( , 'f;> .."ii;\A,_.f . ' " .,\/. i' ," ~; ,t'i.'~ ~O.L~;; ,.,. . 1997. :~)~:t'J. .' _ ~_..-.~-.-....___~_~__"-_-----' .__ .~.....-r""""'--- ,..... - ""'.........- " p'- .f ,y~~~'.\ c~,.-"- -~._--~~.. ..-----.--.~,------_..-.. .....,,~_.._..-~-_. ... ---~ jun 03 02 02:5110 BEILER"'CAMPBELL (610J444-3420 10.2 Beiler, Campbell Realtors & Appraisers website: www.beiler-campbel1.com Route 1 & l\aVllrd Road _ 401 IJayard Rd.. Suite 100. Kennett Square, l'A 193048 - l'hone (610)- 4#-7600. FlIx (610) 114-)420 May 31, 2002 Mr. Lynch, The estate of Margaret G. Lynch has an undivided 25% interest in the property located at 6 I 0 Rerhel Road, Oxford, P A 19363. Fractional ownership interests typically sell at a discount. The reasons for the discounts are illiquidity, lack of control in minority fractional interests and the costs of the act of partition. Extracting an appwlJdatl:: Jisconm rare from comparable sales analysis is not feasible for the subject property due to a lack of local market sales of fractional interests. David Michael Keating, MAl in the Appraisal Interest Rook, Appraising Panial Interests cites, Three - Legal cases where discounts were upheld. John P. Propstra vs. United States, Estate of Edgar A Berg vs. Commissioner of lnternal Revenue and Samuel LeFrak and Ethel Lefrak vs. Commissioner. Based on these cases a reasonable discount for the fractional ownership interest would be 15%. Respectfully submitted, s~ 11. eottUu Stephen B. Collins !'.. I; 1 1 I ~~~~PBELL Realtors & Appraisers web site: www.beiler-campbell.com Route I & Bayard Road · 402 Bayard Rd., Suite 100. Kennett Square, PA 19348 · Phone (610) 444-7600 · FAX (610) 444-3420 February 14. 2002 I Mr. Charles Lynch 263 W. 90th Street New York. NY 10024-1118 1 RE: 610 Bethel Rd. Oxford. PA 19363 , , , , , , , , , , , I Dear Mr. Lynch: As requested. I have appraised the real estate located at 610 Bethel Road. Oxford. Chester County, PA, The property includes :1:90.8 acres of land with improvements comprising of two tax parcels. 56-2-32 and 56-7-9. separated by the bed of Bethel Road. After a careful inspection and a thorough investigation and analysis of any relevant factors influencing value. it is my opinion that the market value of the property as of February 6. 2002. the effective date of this appraisal. was as follows: Tax Parcel #56-2-32 (27.1 acres with house. spring house & wagon shed) Tax Parcel #56-7-9 (63.7 acres and barn) $240.000 $350.000 Total $590.000 The summary appraisal report that follows sets forth the assumptions and limiting conditions. the identification and description of the real estate, pertinent facts including comparable data. the results of analysis and the reasoning leading to the reconciliation and final value estimate. This report has been prepared in conformity with the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation. "Seroing Beautiful Southern Chester, Delaware & Lancaster Counties for Over 25 Years" ..... -" ~ I' -, .. ~!1~.~;' Mr. Charles Lynch Page 2 February 14, 2002 The value estimate is based on the assumption that the property is not negatively affected by the existence of hazardous substances or detrimental environmental conditions unless otherwise stated in this report. The appraiser is not an expert in the identification of hazardous substances or detrimental environmental conditions. My routine inspection of and inquiries about the subject property did not develop any information that indicated any apparent significant hazardous substances or detrimental environmental conditions which would affect the property negatively unless otherwise stated in this report. It is possible that tests and inspections made by a qualified hazardous substance and environmental expert would reveal the existence of hazardous substances or detrimental environmental conditions on or around the property that would negatively affect its value. I' I - - - , - ~ , , , Respectfully submitted, /0-P ~ Stephen B. Collins, IFA, PA Certified General Appraiser, GA #OOO250-L, GRI, Associate Broker, Member of Chester County Association of Realtors SBC:jpk , I I Beiler-Campbel/ Realtors Stephen B. Collins Real Estate Appraiser ~\"-,"!f" wvf '/-},,',"J~~,T,_' , '. !- I I - , I - I I I - I I I I I , TABLE OF CONTENTS EXECUTIVE SUMMARY ........................................ 1 PURPOSE AND EFFECTIVE DATE ................................. 2 DEFINITION OF MARKET VALUE ................................. 2 ASSUMPTIONS AND LIMITING CONDITIONS ......................... 3 SCOPE OF THE APPRAISAL PROCESS .............................. 5 FLOOD PLAIN ............................................... 6 PERSONAL PROPERTY ......................................... 6 AREA ANALYSIS .............................................. 6 LAND DESCRIPTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 TAX PARCEL MAP ........ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 DESCRIPTION OF IMPROVEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 VALUATION METHODOLOGY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 11 SALES COMPARISON APPROACH ................................. 12 COMPARABLE SALES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 13 SALES COMPARISON GRID. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 17 IMPROVED SALES OF LESS THAN 30 ACRES ......................... 18 VACANT LAND SALES ......................................... 19 RECONCILIATION AND FINAL VALUE ESTIMATE ..................... 20 CERTIFICATION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 21 I Beikr-Campbe/l Realtors Stephen B. Collins Real Estate Appraiser ~~<~~".- ..~~-.-.., " "'''-'~'h", '7!<~'~"~''''''-' '''''C'..",... ___., """ ._ .', . ',',.', ,u,t- . .. . '. . il ~ Lynch Appraisal Page 1 February 14, 2002 RXECIJTIVR SUMMARY , - 1 , , - , , I I I t I , I Property Type: Stone and frame farmhouse, bank barn, spring house and wagon shed Property Location: 610 Bethel Road, Lower Oxford Township, Chester County, Pennsylvania Legal Description: Tax Parcel #56-2-32 and 56-7-9 as described in Deed Book 4903, Page 1113 Ownership: Susan L. Purcell, Claire A. Gruver and Charles W. Lynch Date of Valuation: February 6, 2002 Property Rights Appraised: Fee simple estate Site Size: Tax Parcel # Lot Size Assessment 2001 Taxes 56-2-32. 27. 1 acres $105,470 $2,162 56-7-9 63.7 acres $126,350 $2,591 Total 90.8 acres $231,820 $4,753 Zoning: R-1 Residential Highest and Best Use: Agricultural or residential use Estimated Market Values: Tax Parcel #56-2-32 (27.1 acres with house, spring house & wagon shed) $240,000 Tax Parcel #56-7-9 (63.7 acres and barn) $350,000 Total $590,000 Beiler-Campbe/J Realtors Stephen B. Collins Real Ertate Appraiser ~"lI!'\"">f"""'" ...."'~,...,....._- ..........,,,rc...~"";<-....,,.,....""~.,,' ~'....~,..,...".,...->.,."..'~. ......,..~'""'~.....,..,.,"" -',,",:' ~ ""';~'-""-~-~,1:,' Lynch Appraisal Page 2 February 14, 2002 I , - , , , , , I I , I I I , I PURPOSE AND EFFEC.TIVE DATE The purpose of this appraisal assignment is to estimate the market value of the fee simple interest in the subject property as of February 6, 2002, the effective date of this appraisal. DEFINITION OF MARKET V AL1JE The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and acting in what they consider their best interests; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in United States dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.. 1. Uniform St:lndards of Professional Apprah;al Practice, 1992 ed., 7. Beiler-Campbel/ Realton Stephen B. Collins Real Estate Appraiser . ,.if. .;,.. ':, .~. .~.' ....,.~ ", Lynch Appraisal Page 3 February 14, 2002 , I , , I , , , I I I , , , , I ASSUMPTIONS AND I,IMITING CONDITIONS The certification of the appraiser appearing in the appraisal report is subject to the following conditions and to such other specific and limiting conditions as are set forth-by the Appraiser in the report. The Appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or the title thereto, nor does the Appraiser render any opinion as to the title, which is assumed to be good and marketable. The property is appraised as though under responsible ownership. Any sketch in the report may show approximate dimensions and is included to assist the reader in visualizing the property. The Appraiser has made no survey of the property. The Appraiser assumes that there are no hidden or unapparent conditions of the property, subsoil, or structures, which would render it more or less valuable. The Appraiser assumes no responsibility for such conditions, or for engineering which might be required to discover such factors. No representation as to the condition and/or quality of anyon-site wells or septic systems is made by this appraiser. To determine well water volume and potability and the function of any septic system, testing by a qualified laboratory is recommended. The existence of potentially hazardous material, which mayor may not be present on the property, has not been observed by or divulged to the appraiser. Such materials include asbestos, urea-formaldehyde foam insulation, radon, lead base paint, toxic waste or other potentially hazardous materials that may materially affect the value of the property. The value estimate expressed in this appraisal is based on the assumption that there is no such material present on the property that would cause a loss of value. It is suggested that the client retain an expert in this field, if desired. No responsibility is assumed by this appraiser regCl!'ding the possible presence of any potentially hazardous material. Any distribution of the valuation in the report between land and improvements applies only under the existing program of utilization. The separate valuations for land and building must not be used in conjunction with any other appraisal and are invalid if so used. Bei/er-Campbell Rea/tors Stephen B. Collins Real Ertate Appraiser ..'---ub.... ,.. February 14, 2002 ( , I , 1 I 1 I I I I 1 , t ASSUMPTIONS AND I JMITING CONDITIONS (CONT'D) Information, estimates, and opinions furnished to the Appraiser, and contained in the report, were obtained from sources considered reliable and believed to be true and correct. However, no responsibility for accuracy of ~tl~h items furnished the Appraiser can be- assumed by the Appraiser. . . - - . -" -- Disclosure of the contents of the appraisal report is governed by the Bylaws and Regulations of the professional appraisal organizations with which the appraiser is affiliated. The Appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the property in question, unless arrangements have been previously made. Neither all, nor any part of the content of the report, or copy thereof (including conclusions as to the property value, the identity of the Appraiser, professional designations, reference to any professional appraisal organizations, or the firm with which the Appraiser is connected), shall be used for any purposes by any but the client specified in the report, the borrower if appraisal fee paid by same, the mortgagee or its successors and assigned, mortgage insurers, consultants, professional appraisal organizations, any state or federally approved financial institution, any department, agency, or instrumentality of the United States or any state or the District of Columbia, with out the previous written consent of the Appraiser; nor shall it be conveyed by anyone to the public through advertising, public relations, news, sales, or other media, without the written consent and approval of the Appraiser. The Americans with Disabilities Act (" ADA") became effective January 26, 1992. The appraiser has not made a specific compliance survey and analysis of this property to determine whether or not it is in conformity with the various detailed requirements of the ADA. It is possible that a compliance survey of the property, together with a detailed analysis of the requirements of the ADA, could reveal that the property is not in compliance with one or more of the requirements of the Act. If so, this fact could have a negative effect upon the value of the property. Since the appraiser has no direct evidence relating to this issue, possible noncompliance with the requirements of the ADA in estimating the value of the property has not been considered. BeiJer-Campbel/ Realtors Stephen B. Collins Real Estate Appraiser , . ~' '. ~',. "'l . ' ~ ' ,~" i.....' ~".. (~~''':,>:, ...................;.1.::.-.::..... ......." '.,~ ., II - - - , , , , , , , Lynch Appraisal Page 5 February 14, 2002 SCOPF: OF TIm APPRAISAl.. PROCK'iS This summary appraisal has been prepared in compliance with the Uniform Standards of Professional Appraisal Practice of The Appraisal Foundation. These standards contain binding requirements and specific guidelines that deal with the procedures to be followed in developing an appraisal. These standards require that the appraiser's analyses and conclusions be communicated in a manner that will be meaningful and not misleading in the market place. The subject property data such as size, location, quality, and zoning are considered and presented in this report. Market data, including land sales, building costs, comparable improved sales, and supply and demand are among the items researched, analyzed, and presented. The data is used to consider the highest and best use of the subject property and to estimate the market value. Further explanation of the approaches to value and their relevance for this assignment is provided in the valuation methodology section of this report. I , I Bei/er-Campbell Realtors Stephen B. Collins Real &tate Appraiser ~:'.::"":.... ",.......~.'!'l"'-, . ~~.....~. .,.".",",~ .._""'.,.,............-.4",.,." ..",......,..,,- . ..,,,~~. .- . .-~ . _.~.r......-: .."""".~. ."?~ ~.., .. ',,'iIf.!!f-"- :'7;,"t"~".;(""""'J ,i. ,,k Lynch Appraisal Page 6 February 14, 2002 FJ ,OOD PLAIN ~, ~ I i- t , , I , , I t - t I , I The subject property is, not located within a flood zone. TheFEMA :Flood 'Plain Map is number 42029C-0420D dated November 20', 1996. PERSONAL PROPERTY No personal property, fixtures or intangible items that are not real property were included in the appraisal. AREA ANALYSIS The subject property is located in Lower Oxford Township in southern Chester County, in the southeastern section of Pennsylvania. The location is 1:3 miles northwest of Oxford. Lower Oxford is rural in character and agricultural land use is dominant. The area is characterized by dairy farms and scattered single family residences. My inspection of the neighborhood did not reveal any visible external factors which would negatively affect the value or marketability of the property. Bei/er-Campbell Realtors Stephen B. Collins Real Estate Appraiser ~,,"",~~"I"~"'^~~;~"''''~' 'C '.""""'~'.''''''~'l:c"?"..",~",... -.-,~'. ~"''''~~''l.7''''~''''''''' '"'-.w,,,,...-.,~.,,,~, 7.""y".:._""~'"~''' ., . 'Y ::_'<;~, .f. ~, Lynch Appraisal Page 7 February 14, 2002 LAND ORSCRIPTION , - I I , - I t I , , t I I I The farm contains :t90.8 acres of land. The following site data is based on the appraiser's inspection of the property and review of available tax and soil maps. Current Land Use: Tillable - :t58 acres Wooded - :1:30 acres Lawn and building site - :1:2.8 acres Frontage: Northwest side of Bethel Road: Southeast side of Bethel Road: 1,030 feet 1,160 feet Surface Water: There is a small, unnamed tributary of the Octorara Creek which crosses over the property. See attached soils map for the location of this stream. Topography ISoils: The primary soils are GeBl and Gee;. These soils are moderately sloped (3% - 15%), well drained and well suited for farm crops. The soils along the stream are GnBz and WoB, which are typically wet for long periods and have slopes of 3-8 %. Water & Sewer: Well is 4-years-old; septic system condition is unknown Beiler-Campbell Rea/tors Stephen B. Collins Real &tate Appraiser ~Jl\'W"J..~l~'!\~'l1'1"'J""'~.n..,."'~",,,,,,,,,;,,-~, ""'''''''''''''''''''''~'""". .... . .", .......~y:?~;~t<-.., -.-" -'. ".""".'~- -'''''''-.'. 'H"'~~"" .~ .~ ."""'c"''!!Jrt~ ~~'-.!!4;::~~;:<' '~""T j() I' l I ,~ . . ERT "Au . INS . I": 100' ~ / I I ~ ./ ~\ I /1 .' I' 1'". ) I '",: ~ / , ~" r---~., I I ) ~. ,~~ y~ :/\- ~ I ~ "'"4 Ao.,. 9 ,:5. T All.S ~ lOll.' N;.$.. , 1l.4AG.1. ~h ~~ IS 4'.' AG. ". - l' "~ ... . l,ynrh Appraisal l'lIU" !J February 14, 2002 DRSCRIPTION OF IMPROVRMRNTS The improvements consist of a stone and frame farmhouse, a stone and frame bank barn, spring house, and a wagon shed. FarmJww;e I I I I I I I I I I I , t Age: :i: 162 years with a subsequent frame addition Gross Area: :t 1,556 square feet Exterior Construction: Stone and frame with gable shingle roof (new) Room Count: 7 rooms, 4 bedrooms, 1 bath Basement: Partial; stone walls, concrete floor Features: Two fireplaces, oil hot water heat and a walkout basement Condition: Average Bei/er-Campbell Realtors Stephen B, Collins Real Estate Appraiser , ",..M,,,,,,,~,,1'<''!':.'''''''l>l',''''.~~~~,",,''1'''''''"''''''''''''''1''',''''''''~''''''''''''''''''-,'~" "'. ~ ~ .-- "'" '~" "'-~"'''''" ~.... '., .." ~ :_:f Lynch Appraisal Page 10 February 14, 2002 II I DESCRIPTION OF IMPROVEMRNTS (CONT'D) Bank Ram Age: Old I Size: 39' X 42' I I Construction: Stone and frame with wood siding and metal roof Dairy: None Milkhouse: None Condition: Average I I I , I , - - I , t Comments: The barn is a two-story structure built on a portion of a stone foundation of a larger, previously existing barn Wagon Shed Age: Size: Old 15' X 30' Construction: Stone and frame Condition: Average Spring House Size: :i: 140 years 11' X 16' Age: Construction: Stone Condition: Average Bei/er-Campbel/ Realtors Stephen B. Collins Real &tate Appraiser ~""'V"""'" ~.",,,,,,,'''''''~P"'''''''-''''''"''''''''"''''''''''''''''''''''~''''''I'''''',",,",,,..,..~,--,-. .,-.. . ....."'....-"'="."...~_.. ....... -'--,~ '(lj /l . ,"" Lynch Appraisal Page 11 February 14, 2002 VALUATION METHODOLOGY I The cost, income capitalization, and sales comparison approaches to value may be considered when estimating a property's market value. Each approach is briefly explained below with a comment on the particular relevance of the approaches to this assignment. I I The cost approach is an indication of value, which combines the value of the land under the highest and best use, plus depreciated replacement or reproduction cost of the improvements. Depreciation is the loss in value due to physical wear and tear, functional problems or external influences. The cost approach is based upon the principle of substitution which holds that a purchaser would most likely not pay more for a property than the cost of obtaining an equally desirable substitute site, plus the cost of replacing equally desirable and useful improvements thereon, assuming no costly delay is involved in making the substitution. The cost approach is most useful when appraising newer buildings, and becomes less useful when a building ages due to the difficulty in estimating accrued depreciation. The cost approach is not an appropriate approach to value for the subject property because replacement costs and accrued depreciation cannot be accurately estimated due to the advanced age of the improvements. I I I I I 1 In the income capitalization approach, the projected or current rental income from the property is shown with deductions for vacancy and collection losses and expenses. The estimated net operating income of the property is calculated. To support this net income estimate, operating statements for the subject and comparable data may be reviewed along with available operating expenses estimates. The applicable capitalization method and appropriate overall capitalization rates are developed and used in computations to lead to an indication of value. The income approach is not considered for the subject property because most farms like the subject are owner-operated and are generally not sold to investors for rental income. t J The direct sales comparison approach methodology involves the study of available comparable sales with similar highest and best use for comparison purposes. As in the application of the sales comparison approach to other types of property, the market data factors are compared to the subject property and adjustments are made for any differences. Consideration is given to conservation easements, zoning, location, farm size, improvements and other items affecting value. After consideration of these adjustments, the appraiser makes a value estimate with emphasis placed on the sales that are most comparable to the subject. The sales comparison approach is relevant because it considers actual decisions of buyers and sellers in the competitive market area. I Beiler-Campbell Realtors Stephen B. Col/i1l3 Real atate Appraiser Lynch Appraisal Page 12 February 14, 2002 SALES COMPARISON APPROACH I t I , ~ , , , I I 1 I I I , I The sales comparison approach involves the direct comparison of the subject farm with other comparable properties that have recently sold. Closed sales of vacant land and improved properties were analyzed. Because all the comparables have varying locational, topographical and improvement characteristics, the analysis is necessarily subjective and relies on the appraiser's judgement. In arriving at a value conclusion for the subject property, primary consideration was given to the sales listed in this section of the appraisal on pages 16 to 19. These sales have been selected from all known sales in the area and are considered to be the best available for comparison. A grid on page 20 shows the adjustments made for the comparable sales and the indicated value. The subject property is divided into two parcels bisected by Bethel Road; 27.1 acres with the house and wagon shed located on the north side of Bethel Road and 63.7 acres improved with only a barn on the south side. To support individual value estimates for these tracts, additional relevant sales of vacant land and improved properties were considered. These sales are listed on pages 18 and 19 of this report. Bei/er-CampbeJl Realtors Stephen B. Co//ins Real Estate Appraiser .- ..< -r ' ",;:,~. , ~,.,"'.I, ' ""~""" . Lynch Appraisal Page 13 February 14, 2002 III ~ - - ~ , - ~ , I I I I I ~ - COMPARABLE SALES Tax Parcel Number: Deed Book: Location: Date Sold: Township/County: Grantor/Grantee: Land: Improvements: Consideration: Unit Price: Verification: Comments: Bei/er-Campbel/ Realtors SAT.E #1 56-3-48 4920, Page 1932 333 Street Road, Oxford, P A North side of Street Road & west side of Union School Road 3/28/01 Lower Oxford Township, Chester County Oxview Farms, Inc. (James Pepple) to Amos K. & Elizabeth Z. Lapp 113.5 acres with :1:1,243 feet of frontage on the north side of Street Road, :1:2,248 feet of frontage on the west side of Union School Road and :1:2, 100 feet of frontage on the south side of Jackson School Road; moderately sloping; :1:91 acres tillable, :1:20 acres pasture 3-story brick farmhouse with 5 bedrooms in good condition. Rented as two units divided into 3 bedrooms & 2 bedrooms. There is also a frame bank barn, detached 2-car garage and small metal shed in fair condition. Estimated value of improvements: $150,000. $650,000 $5,727 per acre with improvements $4,405 per acre (land only) Joel Brown, Realtor Sold subject to agricultural conservation easement recorded November 29, 2000 in Record Book 4865. Stephen B. Collins Real Estate Appraiser .." '..... ....~ . , ." Lynch Appraisal Page 14 February 14, 2002 COMPARARLR SALR~ (CONT'D) - II - - , i~ - I I I I t ~ ~ , SALE #2 Tax Parcel Number: Deed Book: 380-95832-0-??oo (old parcel #24P-7-3) 6882, Page 0453 Location: 95 Kirks Mill Road Nottingham, PA Township/County: Little Britain Township, Lancaster County Date Sold: 11/00 Grantor/Grantee: Octoraro Springs Farm Associates to Robert B. & Barbara A. Dolinger Land: :t88.9 acres; ::t:47.6 acres tillable Improvements: Old stone farmhouse consisting of :f: 1,672 SF in poor condition, a frame bank barn and a carriage barn Highest and Best Use: Agricultural Zoning: (AR) Rural Agricultural Consideration: $482,500 Unit of Comparison: $5,427 per acre with improvements Verification: Appraiser's files and Grantee Bei/er-Campbell Realtors Stephen B. Collins Real Estate Appraiser '-1 - .41 Lynch Appraisal Page 15 February 14, 2002 COMPARABI.E SALRS (CONT'D) ~ . . . . II II - , , - , W ~ ~ Tax Parcel Number: Deed Reference: Location: Township/County: Grantor/Grantee: Land: Soils: Improvements: Zoning: Date of Sale: Consideration: Unit Price: Verification: Bei/er-Campbe/l Rea/tors SALE #3 56-2-7 N/A 495 Jackson School Rd. Oxford, P A Lower Oxford Township, Chester County David S. & Kristine Beiler to David B. & Barbara Stoltzfoos 90.1 acres ofland; -x67 acres tillable and -x13 acres woods and pasture Primarily GeB2 with 3-8% slopes Amish farmhouse, frame bank barn with 40 cow dairy, stable, tobacco shed and one silo. Estimated value of improvements: $240,000. R-I Residential 1/3/02 $625,000 $6,937 per acre with improvements $4,273 per acre (land only) Christ Taylor, Broker Stephen B. Collins Real Estate Appraiser ,"" ',_.".. ,,"""- r,-'",:, ,.... , . ;', , ,1 'J ~ r Lynch Appraisal Page 16 February 14, 2002 I I I I I I I COMPARABLE SALRS (CONT'D) SA LE #4 Deed Book: 22P-5-5 N/A Tax Parcel Number: Location: 237 Schoolhouse Road Kirkwood, PA Township/County: Little Britain Township, Lancaster County Date Sold: 9/14/01 Grantor/Grantee: Scott & Joan Baribault to Henry & Mary Fisher Land: :t87.9 acres; mostly tillable Improvements : :t lOO-year-old, frame, 7 room farmhouse in average condition with large bank barn, 2 silos and outbuildings Highest and Best Use: Agricultural Zoning: Agricultural Cons ideration: $600,727 Unit of Comparison: $6,835 per acre with improvements Verification: Listing Agent and Multiple Listing Service , I Bei/er-Campbe// Realtor3 Stephen B. Col/in3 Real &tate Appraiser ., {' N ta 8 <I'} N "ta .... ~ 0.. .-. 0.. ..( r--- ?"> ~.-.~ o cu .... s::: co..o ~C';lCU _p..u.. 1 - ~ ",- iii .. r'l ~ -< <A '1 '1 + '" t;! .!l N t j ... ~ ;b ~ ':3 G ..0 ,S ~ .... 1 .., ~ J - ~ :':l ! 0 > ::0 ... ~ 0 ~ ..0 ~ ~ ] a " .; { I 0 a- gj dll I- ~ I .2 r'l a- 'OJ N r..: 00 I 8 0 ~ 0 0 :;- 0 0 vi '" '" I- '1 '1 ltl -< ... "0 t ~ o'll 0 ~ ... .<: ..0 ~ ~ " '" 1 <I.l "<l e .. c:: ~ N ~ ~ ~ .. l:i. 0 -r:i S2 ..0 -0 c:: ~ ;J p:: s - l .; ... '" Q ~ .::; gj -;i - z C) ... 0\ .. Q .... ... -Ii ~ Q 1 " '" ~ " 0\ .3 .. ..,. ..0 I>. ,9 ~ 0 8 8 0 ~ 0 g o. 0 :;- '" '" ",,' ",' '" ~ l- N ~ -< + ... ~ + + ... + ... o'll ~ '" t;! t ... ... 5 ':3 ~ Q Q ..0 5 ~ :!?- ... .e. ~ '3 0 " 1 t 0 0 ~ .. ..0 .. :5 '" Q gj .. 5 ~ 'C ;,,; ~ ..0 CI/l Q .. 8 a:l - ~ .. 1 c '~ z ::<: .. CI/l :ij e :~ "" a- .. " 0\ ....l > I>. .., cO -< Cl 00 Q -Ii <> 0 0 g g ~ 0 g ~ '" '" 0 ~ 0 ~ 0 ~ '" "" ~ '1 ~ '1 + t .... .., ~ ~ ,; l;/ .. -r:i ..Cl Q :g '" c:: ... p:: a " 'II: "'E .. Q N ~ Q 1': 0; - .. ~ 1 .~ c:L ~ S2 ;,; ~ ~ .. ... e e t s S ~ 00 0 ~ ~ ':3 ~ .t:J o'll .. .. .... ... .... e ~ 1 a :i .... ... "" ... Q .. .... ! ~ .. s C) ~ 3 .t:J +i l>O t >> ... 5 -r:i ";:l ~ .t:J -0 p:: '" 1 ., Q i ;; "'E e ., .t:l ., ~ '" ., ~ ~ ~ -< ;,,; ~ .t:J c:: :i' c:: Z ~ ., ,; Q Q .! 0 ':3 E gj ~ z 0 ~ Q - 00 1 o'll '00 c:i ~ .3 0\ I>. i i ., ~ I ~ ~ i I <I) 1 ~ 'Ci 1 ! i ;! - ! foo- D. ! -< i ~ '" 8- ~ ~ ,::. 1 e '" Q, ~ s g ~ ~ .ia '5 ~ 8: . = 1 e 8 ~ .s E ?5 -; ~ i :a .s J ~ I 'J~' " t Lynch Appraisal Page 18 February 14, 2002 IMPROVED SAI,ES OF LESS THAN 30 ACRES 1. Address: 986 Saginaw Road ",r. ", Oxford, P A Tax Parcel Number: 69-7-94.1,69-7-94.2 & 69-7-94.3 Municipality: East Nottingham Township Lot Size: 9.9 acres Improvements: 6 room Cape Cod with bank barn and fencing Consideration: $226,000 Date of Sale: 1/5100 2. Address: 1052 Little Elk Creek Road Oxford, P A Tax Parcel Number: 69-7-3 Municipality: East Nottingham Township Lot Size: 12.65 acres Improvements: 7 room Bilevel with two pole barns Consideration: $235,000 Date of Sale: 4/30/01 3. Address: 3074 Glenville Road Cochranville, P A Tax Parcel Number: 44-6-35.03 Municipality: West Fallowfield Township Lot Size: 12.3 acres Improvements : 6 room log house with small barn and fencing Consideration: $235,000 Date of Sale: 8/1/01 4. Address: 365 Faggs Manor Road Cochranville, P A Tax Parcel Number: 46-2-72 Municipality: Londonderry Township Lot Size: 9.7 acres Improvements: 8 room brick Victorian with small barn Consideration: $258,000 Date of Sale: 10/25/01 Beiler-Campbel/ Realtors Stephen B. Collins Real Estate Appraiser 't~ I Lynch Appraisal Page 19 February 14, 2002 . VACANT LAND SAI,ES . 1. Location: Media Road Oxford, P A Tax Parcel Number: 69-7-75 . Municipality: East Nottingham Township Lot Size: 60.02 acres Consideration: $260,000 II Price/Acre: $4,332 Date of Sale: 4/5/00 II 2. Location: Gap-Newport Pike Cochranville, P A Tax Parcel Number: 46-2-1 II Municipality: Londonderry Township Lot Size: 44.95 acres Consideration: $275,000 ~ Price! Acre: $6,118 Date of Sale: 9/15100 - 3. Location: Glenville Road Cochranville, P A Tax Parcel Number: 44-6-36.4 - Municipality: West Fallowfield Township Lot Size: 20.9 acres Consideration: $169,900 , Price/Acre: $8,129 Date of Sale: 8/31/01 - 4. Location: Homeville Road Cochranville, P A Tax Parcel Number: 44-6-10 and 57-1-8.07 - Municipality: West Fallowfield and Upper Oxford Township Lot Size: 52.36 acres Consideration: $300,000 ~ Price/Acre: $5,730 Date of Sale: 9/22/00 - , I Beiler-Campbel/ Realtors Stephen B. Collins Real Estate Appraiser .., { Lynch Appraisal Page 20 February 14, 2002 I II I III I I RECONc:n.IATION AND FINAL VALUE ESTIMATE To determine a final market value estimate for the subject property, an analysis of the highest and best use otthe property was made, available market in'formation was analyzed, The final value estimate for the property was based on the conclusion of the sales comparison approach, Therefore, after consideration of all relevant factors affecting value, it is my opinion that the market value of the subject property as of February 6,2002, the effective date of this appraisal, was as follows: Tax Parcel #56-2-32 (27.1 acres with house, spring house & wagon shed) Tax Parcel #56-7-9 (63.7 acres and barn) $240,000 $350,000 Total $590,000 I I I Bei/er-Campbe// Rea/tors Stephen B. Collins Real Estate Appraiser / DEED. MARGARET G. LYNCH TO SUSAN L. PURCELL CLAIRE A. GRUVER CHARLES W. LYNCH Please return Deed to: Thomas R. Purcell, Esq. 82 Wall Street, Suite 1105 New York, New York 10005 This Indenture Made the td. :;2,2 day of December in the year of our Lord Two Thousand (2000) Between and MARGARET G. LYNCH hereinafter called the Grantor, SUSAN L. PURCELL CLAIRE A. GRUVER CHARLES W. LYNCH hereinafter called the Grantees, Wi tnesseth That the said Grantor MARGARET G. LYNCH for and in consideration of the sum of ONE DOLLAR ($1.00) lawful money of the United States of America, unto her well and truly paid by the said Grantees, at or before the sealing and delivery hereof, the receipt whereof is hereby acknowledged, has granted, bargained and sold, released and confirmed, and by these presents does grant, bargain and sell, release and confirm unto the said Grantees heirs and assigns, as tenants in common, an undivided Five Percent (5%) interest to each of the following: SUSAN L. PURCELL, CLAIRE A. GRUVER, and CHARLES W. LYNCH for a total of Fifteen Percent (15%) thus increasing the interest of each Grantee to a Twenty~~ercent (25%) undivided interest and retaining unto herself as Grantor an undivided Twenty-five Percent (25%) interest of THAT CERTAIN tract of land situate in the Township of Lower Oxford, in the County of Chester, Pennsylvania, bounded and described as follows: BEGINNING at a stone a corner of land now or late of James Lindsay, and running thence north seventy-six and a quarter degrees east, twenty perches to a stone a corner of Dennis Timoney's land; thence by said land, north three quarters of a degree west, forty-eight and four tenths perches to a stone a corner of Andrew J. Miller's land, thence by said land north seventy-nine and a quarter degrees west, forty-four and six- tenths perches to a stone, thence north fifty-nine and three quarters degrees west, thirty-two and six tenths perches to a tree, thence by land of Robert A. Wilson, north fifty-one and three quarters degrees west, eighty-two and seven tenths perches to a stone, thence south six degrees west, twenty-seven and six tenths perches to a stone, thence north thirty-five degrees west, eighteen perches to a stone, thence north seventeen and a half degrees east, nineteen perches to a stone, thence north fifty-one and three quarters degrees west twenty and three tenths perches to a tree, thence by land of Wm. T. Fulton, South forty-three and a quarter degrees west, fifty-six and five tenths perches to a stone, thence north forty-seven and a half degrees west, thirty- six perches to a Spanish Oak, thence north forty-three and three quarters degrees west, sixty-one and seven tenths perches to a maple tree, on the east bank of the Octoraro Creek; thence passing into said creek and following the middle line thereof, south twenty-six and a quarter degrees east, thirteen and eight tenths perches, thence south twenty degrees east fifteen and nine tenths perches; thence south fifteen and a half degrees east thirty and nine tenths perches, thence south fourteen degrees west, three and one tenth perches; thence south forty-one degrees west, four and eight tenths perches, thence south fifteen degrees west ten and eight tenths perches, thence south fifteen and a half degrees west, thirteen and two tenths perches, thence south twenty-three and a half degrees west, nine and seven tenths perches, thence leaving said creek and running by land now or late of James Lindsay, south seventy-one and three quarters degrees east ninety-four and seven tenths perches to a stone, thence north twenty-one degrees east, thirteen perches to a stone, and thence south sixty-five and a half degrees east, one hundred and sixty-four and four tenths perches to the place of beginning. CONTAINING one hundred acres two roods and six square perches of land be the same more or less. EXCEPTING and EXCLUDING therefrom, that certain parcel of Nine, Seven Hundred Fifty Three (9.753) Thousandths Acres, more or less, which Chester Municipal Authority, by its resolution dated October 20, 1949, acquired by condemnation in the Court of Common Pleas of Chester County, Pennsylvania, as confirmed by Deed dated May 22, 1954, from the said John W. Lynch, to Chester Water Authority, and recorded at West Chester, Pennsylvania, in C-27 Book at Page 455, Etc., also including the aforesaid 9.753 acres BEING the same premises, also including the aforesaid 9.753 acres, which the Sheriff of Chester County, Pennsylvania, py Deed Poll dated April 9, 1945, and recorded at West Chester, Pennsylvania, in Sheriff's Deed Book, H-20, Vol. 480, Page 216 & etc., granted and conveyed to the said John W. Lynch; AND, The said John W. Lynch died intestate February 3, 1956, a resident of Lower Oxford Township, Chester County, Pennsylvania, survived only by his daughter, Anna R. Lynch, and his son, the said Clarence W. Lynch; AND, The said Anna R. Lynch, by deed dated Jan. 28, 1965 and recorded at West Chester, Pennsylvania, in Deed Book H- 36, Page 369 & etc., granted and conveyed her one-half interest to the said Clarence W. Lynch; Parent to children - therefore tax exempt. Together with all and singular the right, title, and interest of Grantor in improvements, ways, streets, alleys, driveways, passages, waters, water-courses, rights liberties, privileges, hereditaments and appurtenances, whatsoever unto the hereby granted premises belonging, or in any wise appertaining, and the reversions and remainders, rents, issues, and profits thereof; and all the estate, right, title, interest, property, claim and demand whatsoever of MARGARET G. LYNCH the said grantor, as well at law as in equity, of, in, and to the same~ To have and to hold the said lot or piece of ground described above and all hereditaments and premises hereby granted, or mentioned and intended so to be, with the appurtenances, unto the said Grantees their heirs and assigns, to and for the only proper use and behalf of the said Grantees, their heirs and assigns forever. And the said Grantor, MARGARET G. LYNCH, for herself and her heirs, executors and administrators does hereby covenant, promise and agree, to and with the said Grantees, their heirs and assigns, by these presents, that the said Grantor and her heirs, all and singular the hereditaments and premises hereby granted or ~entioned and intended so to be, with the appurtenances, unto the said Grantees, their heirs and assigns, against her, the said Grantor and her heirs, and against all and every person and persons whomsoever lawfully claiming or to claim the same or any part thereof, by, from or under her or any of them, shall and will WARRANT and forever DEFEND. In Witness Whereof, MARGARET G. LYNCH hereunto sets her hand and seal. Dated the day and year first above written. Sealed and Delivered IN THE PRESENCE OF: J JIfl-::t,^!ii -;501 ~ ET G. LYNCH (/ Commonwealth of Pennsylvania) ) Count y 0 f (!kt/17z-t.uJ2,~ ) ss: "... -'1 ~ On this, the ~~ day of December, 2000, before me, a Notary Public for the Commonwealth of ~e.nnsylvania! residing in the 6{,rrJuu2tr~ C:P<--<--4i / ~, 't ~~*~.--; / the undersigned OffQcer, personally ~peared MARGARET G. LYNCH known to me (satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that she executed the same for the purposes therein contained. I hereunto set my hand and official seal. Notatfal S&aI Karen l. Uvlngston. Notary PubIc Lower Allen Twp,. Cumberland CoI.I\tV My Coolmisslon Expires Jan. 8. 2004 Mllrmer, PennsyMulIB~!Iongf NOCIAlJf DEED. ~~RGARET G. LYNCH TO SUSAN L. PURCELL CLAIRE A. GRUVER CHARLES W. LYNCH Please return Deed to: Thomas R. Purcell, Esq. 82 Wall Street, Suite 1105 New York, New York 10005 ~/ '. .;/') /:)1 ;// -t:'(/C.<1L~__t!;}J?2e/2.Laet.-Xj ~.-L~~..^-~i:/ . /] -- x1 )I:) "" /"J /t... / J -: c /j_'~ .' c/ ,.j I) ( t '. .. lY" ! - ~- . / ..' L{/'2J;'i!."r . *)-(;?C~ I{L~ (./ (../ 9.'3<fi'J BK 4 6 9 2 PG I 889 This Indenture Made the 0/ r- ; -1:;'- -.- ~ day of September in the year of our Lord one thousand nine hundred and Ninety-nine (1999) Between and MARGARET G. LYNCH hereinafter called the Grantor, SUSAN L. PURCELL CLAIRE A. GRUVER CHARLES W. LYNCH hereinafter called the Grantees, Witnesseth That the said Grantor MARGARET G. LYNCH for and in consideration of the sum of ONE DOLLAR ($1.00) lawful money of the United States of America, unto her well and truly paid by the said Grantees, at or before the sealing and delivery hereof, the receipt whereof is hereby acknowledged, has granted, bargained and sold, released and confirmed, and by these presents does grant, bargain and sell, release and confirm unto the said Grantees heirs and assigns, as tenants in common, an undivided Five Percent (5%) interest to each of the following: SUSAN L. PURCELL, CLAIRE A. GRUVER, and CHARLES W. LYNCH for a total of Fifteen Percent (15%) thus increasing the interest of each Grantee to a Twenty Percent (20%) undivided interest and retaining unto herself as Grantor an undivided Forty Percent (40%) interest of THAT CERTAIN tract of land situate in the Township of Lower Oxford, in the County of Chester, Pennsylvania, bounded and described as follows: BEGINNING at a stone a corner of land now or late of James Lindsay, and running thence north seventy-six and a quarter ~~ degrees east, twenty perches to a stone a corner of Dennis ~~ Timoney's land; thence by said land, north three quarters of a c: degree west, forty-eight and four tenths perches to a stone a l .. BK 4 6 9 2 PG I 8 8 5 corner of Andrew J. Miller's land, thence by said land north seventy-nine and a quarter degrees west, forty-four and six- tenths perches to a stone, thence north fifty-nine and three quarters degrees west, thirty-two and six tenths perches to a tree, thence by land of Robert A. Wilson, north fifty-one and three quarters degrees west, eighty-two and seven tenths perches to a stone, thence south six degrees west, twenty-seven and six tenths perches to a stone, thence north thirty-five degrees west, eighteen perches to a stone, thence north seventeen and a half degrees east, nineteen perches to a stone, thence north fifty-one and three quarters degrees west twenty and three tenths perches to a tree, thence by land of Wm. T. Fulton, South forty-three and a quarter degrees west, fifty-six and five tenths perches to a stone, thence north forty-seven and a half degrees west, thirty- six perches to a Spanish Oak, thence north forty-three and three quarters degrees west, sixty-one and seven tenths perches to a maple tree, on the east bank of the Octoraro Creekj thence passing into said creek and following the middle line thereof, south twenty-six and a quarter degrees east, thirteen and eight tenths perches, thence south twenty degrees east fifteen and nine tenths perchesj thence south fifteen and a half degrees east thirty and nine tenths perches, thence south fourteen degrees west, three and one tenth perches; thence south forty-one degrees west, four and eight tenths perches, thence south fifteen degrees west ten and eight tenths perches, thence south fifteen and a half degrees west, thirteen and two tenths perches, thence south twenty-three and a half degrees west, nine and seven tenths perches, thence leaving said creek and running by land now or late of James Lindsay, south seventy-one and three quarters degrees east ninety-four and seven tenths perches to a stone, thence north twenty-one degrees east, thirteen perches to a stone, and thence south sixty-five and a half degrees east, one hundred and sixty-four and four tenths perches to the place of beginning. CONTAINING one hundred acres two roods and six square perches of land be the same more or less. EXCEPTING and EXCLUDING therefrom, that certain parcel of Nine, Seven Hundred Fifty Three (9.753) Thousandths Acres, more or less, which Chester Municipal Authority, by its resolution dated October 20, 1949, acquired by condemnation in the Court of Common Pleas of Chester County, Pennsylvania, as confirmed by Deed dated May 22, 1954, from the said John W. Lynch, to Chester Water Authority, and recorded at West Chester, BK 4 6 9 2 PG 1 8 8 6 Pennsylvania, in C-27 Book at Page 455, Etc., also including the aforesaid 9.753 acres BEING the same premises, also including the aforesaid 9.753 acres, which the Sheriff of Chester County, Pennsylvania, by Deed Poll dated April 9, 1945, and recorded at West Chester, Pennsylvania, in Sheriff's Deed Book, H-20, Vol. 480, Page 216 & etc., granted and conveyed to the said John W. Lynch; AND, The said John W. Lynch died intestate February 3, 1956, a resident of Lower Oxford Township, Chester County, Pennsylvania, survived only by his daughter, Anna R. Lynch, and his son, the said Clarence W. Lynch; AND, The said Anna R. Lynch, by deed dated Jan. 28, 1965 and recorded at West Chester, Pennsylvania, in Deed Book H- 36, Page 369 & etc., granted and conveyed her one-half interest to the said Clarence W. Lynch; Parent to children - therefore tax exempt. Together with all and singular the right, title, and interest of Grantor in improvements, ways, streets, alleys, driveways, passages, waters, water-courses, rights liberties, privileges, hereditaments and appurtenances, whatsoever unto the hereby granted premises belonging, or in any wise appertaining, and the reversions and remainders, rents, issues, and profits thereof; and all the estate, right, title, interest, property, claim and demand whatsoever of MARGARET G. LYNCH the said grantor, as well at law as in equity, of, in, and to the same. To have and to hold the said lot or piece of ground described above and all hereditaments and premises hereby granted, or mentioned and intended so to be, with the appurtenances, unto the said Grantees their heirs and assigns, to and for the only proper use and behalf of the said Grantees, their heirs and assigns forever. And the said Grantor, MARGARET G. LYNCH, for herself and RK U 6 9 2 PG 1 8 8 7 , her heirs, executors and administrators does hereby covenant, promise and agree, to and with the said Grantees, their heirs and assigns, by these presents, that the said Grantor and her heirs, all and singular the hereditaments and premises hereby granted or mentioned and intended so to be, with the appurtenances, unto the said Grantees, their heirs and assigns, against her, the said Grantor and her heirs, and against all and every person and persons whomsoever lawfully claiming or to claim the same or any part thereof, by, from or under her or any of them, shall and will WARRANT and forever DEFEND. In Wi tness Whereof, MARGARET G. LYNCH hereunto sets her hand and seal. Dated the day and year first above written. Sealed and Delivered IN THE PRESENCE OF: /'7 //]1, ..'. 7--::. (J \..j\ J . -' I _iF)./' c--.. ,/., d,? 4: 7 ./'1./ t-.<::/ ' '. I ':~:'J .)/;.!--;rL ,// J '\. /MARGARET G. L YNCK(//' - , Commonwealth of Pennsylvania) // ,/ /'f J_) County of (~//,J>y{'~-".4.7 <".V, , - ) ss: ,4-.r . / r ~ ) On this, the;/ day of .Y'~/_P...-''';''('/--<'''-~~1999, before me, a Notary Public for the Commonwealtlvof Pennsylvania, residing in the the undersigned Officer, personally appeared,MARGARET G. LYNCH known to me (satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that she executed the same for the purposes therein contained. I hereunto set my hand and official seal. /' ,,fL/ .[/ ,jl F / ' / "/; / /, '// ,'I ,.,/ , /4" /.' "'l .-.f ./ /, JI:./ /' /' l..a// '/, ,.--.t.._y- /' ..---.,. Notary Public /) Notarial Seal loDebra L. Swauger, Notary Public wer Allen Twp., Cumberland County My Commission Expires March 16, 2002 Member, Pennsylvania Association 01 Notaries RK h h q ? pr, l R R R "~,I I I j~;: ,"# , ~;~.f.' ~.,+ 0. PNCBAN< December 17, 2001 Mr Charles W Lynch 11 Maurice Ln Clifton Park, NY 12065 RE: Estate of Margaret G Lynch (Deceased) SSN: 160-07-7339 DaD: 09-19-2001 Dear Mr Lynch: In response to your request for Date of Death balances for the customer noted above, our records show the following: CHECKING ACCOUNT #5000889092 ~~GARETG LYNCH DOD Balanc~ccrued interest SA VINGS ACCOUNT Established 05-11-1998 DaD Balanc : Estab lished 10-02-1998 #5001155621 Page 1 of2 A member of The PNC Financial Services Group One PNC Plaza 249 Fifth Avenue Pittsburgh Pennsylvania 15222 2707 I"largaret Lynch Invoice No Date Amount Discount Net Amount . \ -\ -~ <;,~" ~'). \')~. \- \~ "- C \tL.- \. ~'\'- -\) REFUND 09/19 4320.00 0.00 4320.00/ TOTAL = e3" DATE 09/28/01 CHECK NUMBER 00026293 ,., . ,. "'.. .-' \ix \\-o'J \i ,\\~~ ~"c ~'--~\)~ \:S ..\~,,--, s\ ~rt._I.~~", - \sbury Services, Inc. & Affiliates 11/0112001 Lynch" Margaret No. 17372 INVOICE DATE REFID DESCRIPTION TOTAL AMOUNT DISCOUNT AMOUNT APPLIED 10/30/2001 76205 Refund 1487.20 0.00 1487.20 ~ -..... lEeK AMOUNT $1,487.20 TOTALS $1,487.20 $0.00 '^. $1'487~ ,-" ............, ~"..r...._. . . i LXFI AI'~J-\IIUI\j UI LJI I.u I ~ ,-' Inrlrprndrf1Ce ~lu(' Cross ;md ~('nnsyh:,ln[i1 glur ~lI{'ld itl!' Indepcndrnl Llcensrrs 01 PIC' 81m C'l.';s:; ,l'ld B'ur ShplJ A.,';OCI;lh111 .PAGE 01 OF 01 00097 CUSTOMER INFORMATION Palient: MARGARET G LYNCH :::>~::~~::::::::::::~~~~::::~~~:::~~::~;::::::::::::::~:::::~:~:~~~:~:~::::::;: MARGARET G LYNCH 310 W LISBURN ROAD MECHANICSBURG PA 17055-5825 Check Number: 126800137 10 No: 1459560 Group Name: NON-GROUP Gro~p No,: 090000 Claim No.: 84012680171 0 Date Processed: 09/25/01 FOR CUSTOMER SERVICE. CALL 1-215-568-8204 THIS IS NOT A BILL 001 .w, "W, Blue Shield CLAIMS SUMMARY Amount Charged: $ 7 9 2 . 00 Allowance: $ 7 9 2 . 00 Deductible: A Coinsurance: . Other Insurance P aymen!: ~ Benefit Amount: $ Y R 'bTty. OUTSIDE PHILADELPHIA TOLL AA!:A our esponsl II CALL 800 453-2566 I SEE REVERSE SIDE FOR CODES I DATE OF L TYP PRoce 'OF AMOUfllt COlNSURANCE .I;XCEEOiNQ BENEFIT PROVIDER 5E RVICE svc, svc. -DURE svcs CHI\RGED .A.lLOW.~Nce NON COVERED NOTe OEoucrlSLE % AMOUNT .. M.A.X!MUM AMOUNl MEDICARE CROSSe 08/23/01 IH 1C 792PO 792PO I I I I 79<\00 I - - -........-- 08/30/01 I I I Y I I I I - - '-_ - ,._ -, I -.- --...---. "-. - I . ._- I ;':~.' ,7}11:~ i '1 . Independence Blue Cross ~ BIut Ctou .In JncIepe~l~ of I'le 81....Crou Ind BlueS............&. '-"'-SOCialion HIS Cr'ECK IS SENT TO OU FOR THE FOLL:J'V'IING REASON nrrr.r-E . - '\~ O~ 5UP5r~TR~~ 223522 ..~:;-C'v~~'ON ti 900fJO 1459560 10/01/01 ,MOUNT OF CHECK NON.NEGOTIABLE '1 .1---1 PLEASE DO NOT USE YOUR LABEL 0100115013 160-07-7339 LY LYNCH, DECEASED MARGARET 2001 PA-40 L Page 1 of 2 EX 0 RS R G A 0 FS D FV 0 XX SC 21650 PN 1C .00 4 .00 7 .00 10 .00 C/O CHARLES W. LYNCH, 11 MAURICE LA CLIFTON PARK NY 12065 LA .00 18 .00 2 1652.00 3 6724.00 5 .00 6 440.00 8 .00 9 8816.00 11 8816.00 12 247.00 --------------------------------------------------------------------. Please fold page along this line LocaIlnfonnation. Enter where you lived as of 12/31/0l. SchoolDistricl: Mechanicsburg Area School Code: 21650 County: Cumberland Municipality: Lower Allen Extension, (check this box) Amended Return, (check this box) Fiscal Year Filer, (check this box) Residency Status. (Check the comlCt box) R X Pennsylvania Resident NR Nonresident P Part-Year Resident From: To: Type Filer. (Check only one box) S J M F Single Married, Filing Jointly Married, Filing Separately Final Return. Indicate reason: D X Date of death Deceased 09/19/2001 5 Net gain or loss from the sale, exchange, or disposition of property. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Net income or loss from rents, royalties, patents, or copyrights. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Estate or trust income. Complete and enclose PA Schedule j . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Gambling and lottery winnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 .00 .00 .00 1, 652 .00 6, 724 .00 .00 .00 440.00 .00 .00 1 a Gross compensation. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 a 1 b Unreimbursed employee business expenses. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 b 1 c Net compensation. Subtract line 1 b from line 1 a .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 c 2 Interest income. Complete and submit PA Schedule A, if over $2,500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Dividend income. Complete and submit PA Schedule B, if over $2,500 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Net income or loss from the operation of a business, profession, or farm .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 9 Total Pennsylvania taxable income. Add only the positive income amounts from lines 1e, 2, 3,4, 5, 6, 7, and 8. Do not add any losses reported on lines 4, 5, or 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Contributions to your Medical Savings Account. See instructions ............................... 10 11 Adjusted Pennsylvania taxable Income. Subtract line 10 from line 9 ............................. 11 12 Pennsylvania tax liability. Multiply line 11 by 2.8".4 (0.028). Also enter on line 13, page 2 . . . . . . . . . . .. 12 PAIA0412 12/21/01 8,816.00 .00 8,816.00 247 . 00 EC FC ~ L 0100115013 CD ITIIIJJ CD 0100115013 ---I ---l 0100215011 L 2001 PA-40 Page 2 of 2 LYNCH, DECEASED MARGARET G 160-07-7339 13 247.00 14 .00 15 .00 16 993.00 17 .00 18 .00 19 993.00 20A 00 208 00 21 .00 22 .00 23 .00 24 .00 25 .00 26 .00 27 993.00 28 .00 29 746.00 30 746.00 31 .00 32 .00 33 .00 34 .00 35 .00 36 .00 13 Total Pennsvtvania tax Iiabil~. Enter your I'ennsylvania tax liability from line 12 on page 1 ............................... 13 14 Total Pennsylvania tax withheld. See instructions ........................................ 14 15 Credit from your 2000 Pennsylvania Income Tax Return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 15 16 2001 estimated installment payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 16 17 2001 extension payment .............................................................. 17 18 Nonresident tax withheld on your PA Schedule(s) NRK-1. (Nonresidents only) . . . . . . . . . . . . . .. 18 19 Total estimated payments and credits. Add lines 15, 16, 17, and 18 ....................... 19 Tax Forgiveness Credit. Complete lines 20a, 20b, 21, and 22. Read the instructions. lOa Filing Status: Unmarried or separated Married Deceased ., . . . . . . . . . . . . . .. lOa lOb Dependents, Part B, line 2, PA Schedule SP ........................................... 20b 21 Total eligibility income, Part C, line 11, PA Schedule SP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 21 22 Tax Forgiveness Credit from Part D, line 16, PA Schedule SP . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 22 23 Total credit for taxes paid to other states or countries. Submit your PA Schedule G or RK-1 .. 23 2A Pennsylvania Employment Incentive Payments Credit. Submit your PA Schedule W, RK.l or NRK.l ............... 2A 25 Pennsylvania Jobs Creation Tax Credit. Submit your certification or PA Schedule RK.l or NRK.l . . . . . . . . . . . . . . . .. 25 26 Pennsylvania Research and Development Tax Credit. Submit your certification or PA Schedule RK.l or NRK.l ....... 26 XI Total Payments and Credits. Add lines 14 and 19 and 22 through 26 . . . . . . . . . . . . . . . . . . . . . .. XI 28 Tax Due. If line 13 is more than line 27, enter the difference here. . . . . . . . . . . . . . . . . . . . . . . . .. 2B 29 Overpayment. If line 27 is more than line 13, enter the difference here. . . . . . . . . . . . . . . . . . . .. 29 The total of lines 30 through 36 must equal line 29. 30 Refund - amount of line 29 you want as a check mailed to you .................. Refund 30 31 Credit - amount of line 29 you want as a credit to your 2002 estimated tax account . . . . . . . .. 31 32 Donation - amount of line 29 you want to donate to the Wild Resource Conservation Fund.. 32 33 Donation - amount of line 29 you want to donate to the United States Olympic Committee .. 33 34 Donation - amount of line 29 you want to donate to the Governor Robert P. Casey Memorial Organ and Tissue Donation Awareness Trust Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 34 35 Donation - amount of line 29 you want to donate to the KoreaNietnam Memorial, Inc . . . . . .. 35 36 Donation - amount of line 29 you want to donate to Breast and Cervical Cancer Research .. 36 247 . 00 .00 .00 993 . 00 .00 .00 993 .00 00 00 .00 .00 .00 .00 .00 .00 993 .00 . 00 .\ (', 746 . 00 \J/~ ~'~ '-~h'\^~ .00 .00 .00 .00 .00 Under penalties of rJury, I (we) declare that I (we) have examined this return, including all accompanying schedules and statements, and to the best of m our belief the are true, correct, and com lete. Your Signature: Date: Your Occupation: retired Librarian Spouse's Signature. if Filing .JoIntly: Dale: Spouse's Occupation: Preparer or Company Name, other than taxpayer(s), based on all information 01 which the preparer has ant knowledga. Preparer or Company Name (please print): Date: Self-Prepared Telephone Number: Signature (optional): L PAIA0412 12/26/01 0100215011 0100215011 ---l ./ . DECEASED Margaret G Lynch, deceased 09/19/2001 Form 1 040 Department of the Treasury - Internal Revenue Service 2001 1(99) u.s. Individual Income Tax Return IRS use only - Do not write or staple in this space. For the year Jan 1 . Dee 31, 2001, or othet tax year beoinning , 2001, ending ,20 OMB No. 1545-0074 label Your First Name MI Last Name Your Social Security Number (See instructions.) Margaret G lynch deceased 160-07-7339 If a Joint Return, Spouse's First Name MI Last Name Spo....s Social Security Number Use the IRS label. Otherwise, Home Address (number and street). If You Have a P.O. Box, See Instructions. Apartment No. . Important! . please print or type. C/O Charles W. Lvnch 11 Maurice La. You must enter your social City, Town or Post Office. If You Have a Foreign Address, See Instructions. State ZIP Code security number(s) above. Presidential Cl if ton Park NY 12065 Election Campaign .. (See instructions.) ,.. Filing Status Check only one box. Exemptions If more than six dependents, see instructions. Income Attach Fonns W-2 and W-2G here. Also attach Fonn(s) 1099-R if tax was withheld. If you did not get a W.2, see instructions. Enclose, but do not attach, any payment. Also, please use Fonn l040-V. Adjusted Gross Income 1 2 3 4 .. No Single Married filing joint return (even if only one had income) Married filing separate return. Enter spouse's SSN above & full name here .. Head of household (with qualifying person). (See instructions.) If the qualifying person is a child but not your dependent, enter this child's name here .. Quali in widow(er with de ndent child ear souse died" ). (See instructions. Yourself. If your parent (or someone else) can claim you as a dependent on his or l No. of boxes her tax return, do not check box 6a .............................................. I ~~.:g:~ . . . Sse. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .- ~~'13Z0:~ (2) Dependent's (3) Dependent's (4) il 6c who: c Dependents: social security relationship :ll:JaliIYing.. lived number to you ch;ax '~:..:;ntld with you . . . . . (see Instrs) . did not ::: ':'.l:,':c. or separation (see Instrs) . . . 5 6a 1 b ) First name last name Dependents on 6c not entered above . Add numbers I d Total number of exemptions claimed ...................................................... ~::~:e. "I 7 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8a Taxable interest. Attach Schedule B if required. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8a b Tax-exempt interest. Do not include on line Sa ............ .1 8bl'~;x, 9 Ordinary dividends. Attach Schedule B if required ..................................... 9 10 Taxable refunds, credits, or offsets of state and local income taxes (see instructions) ..... 10 11 Alimony received .................................................................. 11 12 Business income or (loss). Attach Schedule C or C-EZ. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . ., 12 13 Capital gain or (loss). Attach Schedule D if required. If not required, check here . . . . . . . . . . . .. 0 13 14 Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ., 14 15a Total IRA distributions . . .1 15al I b Taxable amount (see Instrs) ., 15b 16a Total pensions & annUities . r;&al b Taxable amount (see instrs) ., 16b 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E .. 17 18 Farm income or (loss). Attach Schedule F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 18 19 Unemployment compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ., 19 20a Social security benefits ..... ~I I b Taxable am.ount (see instrs) ., 20b 21 Other income 21 -------------------------------------- 22 Add the amounts in the far riaht column for lines 7 throuah 21. This is your total income .. 22 23 IRA deduction (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . .. 23 !'~ 2A Student loan interest deduction (see instructions) . . . . . . . . . .. 2A 25 Archer MSA deduction. Attach Form 8853 . . . . . . . . . . . . . . . . .. 25 26 Moving expenses. Attach Form 3903. . . . . . . . . . . . . . . . . . . . . " 26 Z1 One-half of self-employment tax. Attach Schedule SE . . . . . .. Z1 :' 28 Self-employed health insurance deduction (see instructions) 28 I_I 29 Self-employed SEP, SIMPLE, and qualified plans. . . . . . . . . .. 29 30 Penalty on early withdrawal of savings. . . . . . . . . . . . . . . . . . . .. 30 31 a Alimony paid b Recipient's SSN . . . . .. .. 31 a l}i*~:iL 32 Add lines 23 through 31a ................................................................ 32 33 Subtract line 32 from line 22. This is your adlusted gross income . . . . . . . . . . . . . . . . . . . . ." 33 11 1.652. 6,724. 398. 440. 9,214. ;~A 9,214. BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see instructions. FDlA0112 12/10/01 Form 1040 (2001) . . form 1040 Tax and Credits Standard Deduction for - . People who checked any box on line 35a or 35b or who can be claimed as a dependent, see instructions. . All others: Single; $4,550 Head of household, $6,650 Married filing jointly. or Qualifying widow(er), $7,600 Married filing separately, 3800 Other Taxes Payments If you have a qualifying child, attach Schedule EIC. FDIA0112 12110101 Refund Direct deposit? See instructions and fill in 68b, 68c, and 68d. Amount You Owe Third Party Designee Sign Here Joint return? See instructions. Keep a copy for your records. Paid Preparer's Use Only Mar aret G L nch, deceased 34 Amount from line 33 (adjusted gross income) ......................................... 35a Check if: IRI You were 65/older, 0 Blind; 0 Spouse was 65/older, 0 Blind. L Add the number of boxes checked above and enter the total here . . . . . . . . . . . . ~ 35a b If you are married filing separately and your spouse itemizes deductions, or you were a dual-status alien, see instructions and check here ..... . . . . . . . . ~ 35b 0 36 Itemized deductions (from Schedule A) or your standard deduction (see left margin) .................... 36 n Subtract line 36 from line 34 ........................................................ n 38 If line 34 is $99,725 or less, multiply $2,900 by the total number of exemptions claimed on line 6d. If line 34 is over $99,725, see the worksheet in the instructions. . . . . . . . . . . . . .. 38 39 Taxable income. Subtract line 38 from line 37. If line 38 is more than line 37, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Tall (see instrs). Check if any tax is from a 0 Form(s) 8814 b 0 Form 4972 ....................... 41 Altemative minimum tax (see instructions). Attach Form 6251 .......................... 42 Add lines 40 and 41 .............................................................. ~ 43 Foreign tax credit. Attach Form 1116 if required. . . . . . . . . . . .. 43 44 Credit for child and dependent care expenses. Attach Form 2441 .......... 44 45 Credit for the elderly or the disabled. Attach Schedule R . . . .. 45 46 Education credits. Attach Form 8863. . . . . . . . . . . . . . . . . . . . . .. 46 47 Rate reduction credit. See the worksheet .................. 47 48 Child tax credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . .. 48 49 Adoption credit. Attach Form 8839 . . . . . . . . . . . . . . . . . . . . . . . .. 49 50 Other credits from a [l Form 3800 b 0 Form 8396 c 0 Form 8801 d 0 Form (specify) 50 51 Add lines 43 through SO. These are your total credits ............................................ 51 52 Subtract line 51 from line 42. If line 51 is more than line 42, enter -0- . . . . . . . . . . . . . . . . . . ~ 52 53 Self-employment tax. Attach Schedule SE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 53 54 Social security and Medicare tax on tip income not reported to employer. Attach Form 4137 ................. 54 55 Tax on qualified plans, including IMs, and other tax-favored accounts. Attach Form 5329 if required. . . . . . . . . .. 55 56 Advance earned income credit payments from Form(s) W-2 ............................ 56 57 Household employment taxes. Attach Schedule H ..................................... 57 58 Add lines 52-57. This is your total tall . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ 58 59 Federal income tax withheld from Forms W-2 and 1099 . . . . ., 59 60 2001 estimated tax payments and amount applied from 2000 return . . . . . . .. 60 618 Earned income credit (EIC) .. .. . . .. . .. . .. . . . . .. . .. . .. . .. ., 61 a I b Nontaxable earned income ..... .1 61 bI1'.~;&~" 62 Excess social security and RRT A tax withheld (see instrs) .., 62 63 Additional child tax credit. Attach Form 8812 ............... 63 64 Amount paid with request for extension to file (see instructions) .. . . . . . . ., 64 65 Other payments. Check if from. . . . . a D Form 2439 b 0 Form 4136 ........................................ 65 66 Add lines 59,60, 61a, and 62 through 65. These are your total ments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ 67 If line 66 is more than line 58, subtract line 58 from line 66. This is the amount you overpaid. . . . . . . . . . . . . . . . 68a Amount of line 67 you want refunded to you . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ ~ b Routing number ....... ~ c Type: 0 Checking 0 Savings ~ d Account number . . . . . . . 69 Amount of line 67 you want applied to your 2002 estimated tall . . . . . . . . ~~I 70 Amount you owe. Subtract line 66 from line 58. For details on how to pay. see instructions ............... ~ 70 71 Estimated tax nal. Also include on line 70 .............. 71 Do you want to allow another person to discuss this return with the IRS (see instructions)? . . . . . . . . . Yes. Complete the following. Designee's Phone Personal Identification Name ~ No. ~ Number (pIN) ~ Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration ot preparElf (other than taxpayer) is based On all information of which preparer has any knowledge. Your Signature Date Your Occupation Pa e2 9 214. 10 162. -948. 2 900. O. O. o. o. o. 5 493. No X No .. Spouse's Signature. If a Joint Return, Both Must Sign. .. Date retired Librarian Spouse's Occupation Date Preparer's .... Signature ,... Firm's Name (or yours it .... self -employed).,... Address, and ZIP Code Check it selt-employed Self-Pre ared EIN Phone No. Form 1040 (2001) ~ · SALOMON SMITH BARNEY Amemberof cltlgroupT' January 8, 2002 Mr. Charles Lynch 11 Maurice Lane Clifton Park, NY 12065 Dear Mr. Lynch, 212-692-2823 . 800-627-0608 Please accept my condolences for the loss of your mother. Following are the per share prices for these securities in the account as of 9/19/200 1. AT&T CORP AT&T WIRELESS BELLSOUTH CORP CONECTIV INC CONECTIV INC CLASS A DUPONT CANADA EXXON MOBIL PUBLIC SERVICE SBC COMMUNICATION VERIZON CASH (9/30/2001) QUANTITY 998 321 972 1,230 205 1,800 1,800 335 1,830 764 P er R. Gates Vice President - Investments VALUE $17,954.02 $6,259.50 $40,095.00 $25,522.50 $3,884.75 $21,690.00 $69,138.00 $14,907.50 $82,880.70 $19,176.40 $545.28 TOTAL 0302.~ PRICE 17.99 19.50 41.25 20.75 18.95 12.05 38.41 44.50 45.29 25.10 SALOMON SMITH BARNEY INC. 250 Park Avenue. 11th Fl.. New York. NY 10177-0001 FAX 212-692-2990 --.L () CI> VI ::T 0- - CI> iiI :J - n CD - - - - - c: - - - - - - - - - - , ; z () OJ OJ " ~ 0 CI> CI> 3 :> :J '< 3 ^ ^ ~ 0 0 C- o :J CD CD II '0 '0 VI 0 0 g ~. VI ^ \l \l VI ... ... po 0 0 (Q (Q o ... ... "9- CI> CI> (5 3 3 11, " :J I VI n n ~ ... c 3 CD Q n - 'U' ~ !!!. CD ... CD ~ 'v- 'Y' ~ ~ f" ^ '? :J '1,. 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