HomeMy WebLinkAbout07-29-05
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COMMONWEALTH OF
PENNSYLVANIA
DEPARTMENT OF REVENUE
DEPT,280601
HARRISBURG, PA 17128-0601
REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
OFFICIAL USE ONLY
FILE NUMBER
2 1 -0 5 0 2 0 5
'""'COO'NTY"'CODE ---vE~ - - 'N'UMBER- -
DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
SOCIAL SECURITY NUMBER
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Varner, Kenneth N.
DATE OF DEATH (MM-DD-Yearl
DATE DF BIRTH (MM-DD-Yearl
68-60-1467
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
01/20/2005 07/01/1963
(IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
SOCIAL SECURITY NUMBER
Varner, Michele T.
077-62-4962
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[Xl 1, Original Return
o 4, Limited Estate
[Xl 6, Decedent Died Testate (Attach copy 01 wm)
o 9, Litigation Proceeds Received
o 2, Supplementa( Return
o 4a, Future Interest Compromise (dateo! death aner 12-12-821
o 7, Decedent Maintained a Living Trust (Attach copy ofTrust)
o 10, Spousal Poverty Credit (date of <lealh betoeen 12-31-91 and /-1.95)
o 3, Remainder Return (date o!death pnorto 12-13-82)
o 5, Federal Estate Tax Retum Required
_ 8, Total Number of Safe Deposit Boxes
o 11, Election to tax under See, 9113(A) IAttach Sch 0)
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NAME COMPLETE MAILING ADDRESS
James D, Cam bell, Jr., Es uire 3631 North Front Street
FIRM NAME III Applicable)
CALDWELL & KEARNS
TELEPHONE NUMBER
717 232-7661 Harrisbur PA 17110
OFFI~ USE ONLY
1, Real Estate (Schedule A) (1)
2, Stocks and Bonds (Schedule B) (2)
3, Closely Held Corporation, Partnership or Sole-Proprietorship (3)
4 Mortgages & Notes Receivable (Schedule D) (4)
5, Cash, Bank Deposits & Miscellaneous Personal Property (5)
(Schedule E)
819,466.11
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6, Jointly Owned Property (Schedule F) (6)
o Separate Billing Requested
7, Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7)
(Schedule G or L)
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8. Total Gross Assets (total Lines 1-7)
9, Fune!al Expenses & Administrative Costs (Schedule H) (9)
10, Debls of Decedent, Mortgage liabilities, & Liens (Schedule I) (10)
11. Total Deductions (total Lines 9 & 10)
12, Net Value of Estate (Line 8 minus Line 11)
13, Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been
made (Schedule J)
(8)
839,466.11
12,399.39
(11)
(12)
(13)
12,399.39
827,066.72
14, Net Value Subject to Tax (Line 12 minus Line 13)
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
(14)
827,066,72
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15, Amount of Line 14 taxable at the spousal tax
rate, or transfers under See, 9116 (a)(1.2)
827,066.72 X
16. Amount of Lme 14 taxable at lineal rate
x
(15)
(16)
(17)
(1B)
(19)
0,00
17. Amount of Line 14 taxable at sibling rate
X12
18. Amount of Line 14 taxable at collateral rate
X .15
19. Tax Due
0,00
20. 0
CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
> > BE SURE TO ANSWE~ ALL QUESTIONS ON REVERSE SIDE AND RECHECK MATH < <
decedent's Complete Address:
STREET ADDRESS
712 Veronica Lane
CITY STATE PA ZIP 17025
Enola
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19) (1) 0.00
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
Total Credits (A + B + C) (2)
3. InteresUPenalty if applicable
D. I nterest
E. Penalty
Total Interest/Penalty (D + E) (3)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
0
00
Check box on Page 1 Line 20 to request a refund (4) .
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 0.00
A. Enter the interest on the tax due. (5A)
B, Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 0.00
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes
^ No
0
a. retain the use or income of the property transferred : ........................................................................... ^ 0
b. retain the right to designate who shall use the property transferred or its income : ........................................
^
c. retain a reversionary interest; or ...................................................................................................... ^ 0
d. receive the promise for life of either payments, benefits or care? .............................................................
If death occurred after December 12, 1982, did decedent transfer property within one year of death
2
.
without receiving adequate consideration? ............................................................................................... ^
3. Did decedent own an "intrust for" or payable upon death bank account or security at his or her death? ................. ^ 0
Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
4
. ~ ^
contains a beneficiary designation? .......................................................................................................
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
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 pr rer other than the personal representative is based on all information of which preparer has any knowledge.
SIGNA PE ON SPQ F ING RETURN DAT
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A DRESS /
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SIGNATURE 0 PREPARER OTH R THAN REPRESE ATIVE DATE
ADDRESS /
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3%
[72 P.S. §9116 (a) (1.1) (i)].
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. §9116 (a) (1.1) (ii)j.
The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if
the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent,
or a stepparent of the child is 0% [72 P.S. §9116(a)(1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an
individual who has at least one parent in common with the decedent, whether by blood or adoption.
REV-1504 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE C
CLOSELY-HELD CORPORATION,
PARTNERSHIP OR
SOLE-PROPRIETORSHIP
ESTATE OF FILE NUMBER
Varner Kenneth N. 21 05 0205
Schedule C-1 or C-2 (including all supporting information) must be attached for each closely-held corporation/partnership interest of the decedent, other than a
sole-proprietorship. See instructions for the supporting information to be submitted for sole-proprietorships.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. Rhodes Development Group Inc., 270 shares 524,533.16
2. Capitol View Development Co., 40 shares 3,856.95
3. Stonehedge Lane Associates, 5% interest 84,293.00
4. Waverly Woods Associates, 5% interest 41,983.00
5. North 17th Street Associates, 5% interest 5,000.00
6. (Allendale Road Associates, 5% interest
7. ~Willshire Hills Associates, 5% interest
8. Timber Ridge Associates, 5% interest
9. (Schoolhouse Road Associates, 5% interest
10. Orchard Park Associates, 5% interest
11. Nyes Road Associates, 5% interest
SEE ATTACHED SUPPORTING INFORMATION
TOTAL (Also enter on line 3, Recapitulation) I $
(If more space is needed, insert additional sheets of the same size)
5,000.00
48,300.00
32,200.00
20,100.00
14,500.00
39,700.00
819,466.11
Kenneth N. Varner
Value of investments in Rhodes Development Group, Inc.
and affiliated entities based upon most current valuation (12/31/04
prior to date of death (1/20/05)
Corporate Investments
Rhodes Development Group, Inc. 270 share $524,533.16 (see attached correspondence)
Capitol View Development Co 40 shares $3,856.95 (see attached correspondence)
12/31 /04
Est. Value
®peratin~ Partnerships
Stonehedge Lane Associates 5.0% interest 84,293
Waverly Woods Associates 5.0% interest 41,983
North 17`x' Street Associates 5.0% interest 5,000
Rental Partnerships
Residential
Allendale Road Associates 5.0% interest 5,000
Wiltshire Hills Associates 5.0% interest 48,300
Timber Ridge Associates 5.0% interest 32,200
Commercial
Schoolhouse Road Associates 5.0% interest 20,100
Orchard Park Associates 5.0% interest 14,500
Nyes Road Associates 5.0% interest 39,700
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Dated: ~~" ~
t
J t~g~~. ffan `~
i f ina cial Officer
odes Development Group, Inc.
P.O. Box 622
Lemoyne, PA 17043
87237
.Rhodes Development Crr'oup, Inc.
April 14, 2005
Michele T'. Varner
712 Veronica Lane
Enola, PA 17025
Dear 1Vlichele:
In accordance with the Stock Pul•chase Agreement between Rhodes Development Group
and its Shareholders dated December 17, 1999 and the First Amendment thereto dated December
18, 2003, Rhodes Development Group will purchase all. of the shares owned by Ken. I have
calculated the value of those shales based. on our most recent valuation and have reduced the
total by the outstanding indebtedness related to that stock:
Certificate No. 19
Certificate No. 25
Total Shares
December 31, 2004 Value/Share
'T'otal Value
Brandywine financial Resotuces Debt
Principal Balance $60;000.00
lnterest Accrued 1/1/-4!13105 1,096.84
Net Amount
150 shares
120 shares
270 shares
"2 169.00
$585,630.00
61,096.$4
~2~,53 x.16
Enclosed is Rhodes Development Group's checl: in the amount of 9~5?4..531.16 in filll
payment for the 270 shares owned by Ken. Also enclosed is the Valuation as of December 31,
2004 agreed to by the Shareholders of the Corporation. ~tTe will provide you with the Note given.
to Brandywine Financial Resources stamped `'paid in full" as soon_as Brandy~~~ine receives the
final payment.
Please do not hesitate to contact me if you have any questions regarding the repurchase of
Ken's stock.
Vely truly yours,
Hillman
ncia] Officer
JDB/lclc
Enclosures
1300 Market street • P.O. Box 622 • Lemoyne. Pennsylvania • 17043-0622 • (717) 730-7055 • fax ;717) 730-7056
1953
RHODES DEVELOPMENT GROUP, INC.
P.o. sox sz2
IEMOYNE, PA 17043-0622
PAY rf,~nlp ~ ~~~~
TO THE ~ l.iV `{~` L ~__-+~------ -
ORDER OF - ~ ~"
riot I~,~~_~~ ~~-~(-c,w~,~c~.w~~ 1~.v-~~~
[( Dauphin Deposit Bank
and Trust Company
Nertleb~r9~ PA 17105.2961
FOR~__-._._._ ____~_-----.--_______.---___..~
++'00 L96 3++' e.0 3 ~ 300 34~: L06 ~
r 80,83
/r l { ~~~' 313 19`22
DATC_ /
~'/' i'
~r•~r~'~` ~ III/ '~[1'~rLI.ARS~6° ~~
II'
RHODES DEVELOPMENT GROUF, INC.
STOCK VALUATION
December 31, 2004
In accordance with the Rhodes Development Group, Inc. Stack Purchase Agreement
dated December 17, 1999 (the "Agreement"), the following Shareholders -John H. IRhodes,
James P. Stephens, Jr., Michael K. Lau, David E. Dyson,.Jeffrey D. I3illman, Lawrence M.
Means, Duane W. Drozdowslci, Eric S. Kuzalcle, Thomas R. Wenger, Marlezxe M. Radosevic,
Brenda C. Rineer, Loretta A. Hockey, Carrie A. Traeger, and Sandra M. Hauenstein -reviewed
the financial statements for the year ended December 31, 2004 and adjusted the book value of
assets in accordance with Paragraph 8 of the Agreement. For purposes of the Agreement, the
adjusted net worth at December 31, 2004 is $9,518,362 and the value per share is $2,169 as
shown on the attached Schedule A.
It is hereby agreed that the above values shall be attached to and incorporated into the
Agreement and shall be binding on all shareholders.
Dated: April 7, 2005
.~
P
es
P. Stephens, Jr.
[ichael K. Lau
.--
.-- f
Duane W. Drozdowslci
Marlene M. Radosevic
Brenda C. Rineer
J
. Loretta A. Rocker
i
~'ar 'e eger
_ ~ ( ~
~__~.-C l - - ~ _._. -
Sandra Pvt. Hauenstein
Eric S. -Kunkle
Thomas R. Wenger
CAPITOL VIEW DEVELOPMENT COMPANY
P.O. BOX 622
LEMOYNE, I'A 17043
Phone: 717-730-?055
April 14, 2005
Michele T. Varner
712 Veronica Lane
Enola, PA 17025
Dear Michele:
In accordance with the Stock Purchase Agreement between Capitol View
Development Company and its shareholders dated June S, 199?, Capitol View will
pw•chase the shares owned by Ken. The Agreement provides for a value of $50 per
share. In addition to that Ken would be entitled to receive his share of undistributed
income. The value of his shares is calculated as follows:
Certificate No. 7 40 shares
Value/Share $50.00
$2,000.00
Shareholder's Undistributed Income _ 1,856.95
Total Consideration ~ 856.95
Enclosed is Capitol View's check in the amount of $3,856.95 in full payment for
Den's shares. Also enclosed is an analysis of shareholders undistributed income.
Please do not hesitate to contact me if you have any duestians.
Very truly yoLirs,
11x11
& Treasurer
TDB/klc
Enclosures
CAPITOL VIEW pEVELOPMENT CO., INC.
P.O. BOX fi22
LEMOYNE, PA 17043
P~1YTCiTHL' ~ {/ 1I~G~(~!~ Q'r~~
s
~lvt~'~
Manufacturers andTradefs Trust Company
` Commercial Banking
Harrisburg Commercial Banking, Harrisburg, PA 171(11
MElvti} _.__--_-
I~0 3 L 3d 29 5 51. ~ 50~~ 20 2~~18
BO•'L95.313 VV ~ ~ ~!~~~ ~~
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REV-1508 EX + (6-98)
SCHEDULE E
COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & M~c^.
INHERITANCE TAX RETURN PERSONAL PROPERTY
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Varner Kenneth N. 21 05 0205
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1, 2002 Jeep Grand Cherokee 20,000.00
TOTAL (Also enter on line 5, Recapitulation) ~ $ 20.000.00
(If more space is needed, insert additional sheets of the same size)
REV-1510 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
ESTATE OF
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
FILE NUMBER
Varner Kenneth N. 21 05 0205
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 DESCRIPTION OF PROPERTY
INCLUDE THE NAME OF THE TRANSFEREE. THEIRRELATIONSHIPTODECEDENTAND
THE DATE OF TRANSFER. ATTACHACOPYOFTHEDEEDFORREALESTATE.
DATE OF DEATH
VALUE OF ASSET
%OFDECD'S
INTEREST
EXCLUSION
(IF APPLICABLE)
TAXABLE
VALUE
1. IRA, Solomon Smith Barney, Beneficiary Michele T. Varner 5,792.04 100. 5,792.04 0.00
(spouse)
2. 401(k) Property Management Inc., Beneficiary Michele T. 101,930.41 100. 101,930.41 0.00
Varner (spouse)
TOTAL (Also enter on line 7 Recapitulation) I $ 0.00
(If more space is needed, insert additional sheets of the same size)
SMITHBI~~NEY,,~
citigroup~
July 19, 2005
JAMES D. CAMPBELL, JR.
Caldwell & Kearns
3631 North Front Street
Harrisburg, PA 17110-1533
RE: Estate of Kenneth N. Varner
Account #724-68068-1-9-364
Dear Mr. Campbell:
The value of Mr. Varner's account at Smith Barney as of 1/20/05 was $5,792.04.
He had 424.948 shares of Smith Barney Fundamental Value Fund Class C on 1/20/05.
Listed below are the prices for 1/20/05: High: 13.63 Low: 13.63 Close: 13.63
If you have any questions, please do not hesitate to contact me at 780-1751.
Sincerely,
C
~~ THE iNfp'RNGATIO~N HEREIN HAS gEYE
Ann M. Dunkelberger C78'CA~N~Et} FRpM SOURCES W'E BEI.!
Senior Sales Assistant to ~O gF RELIAl3tE, BU`T DO N'QT GUARANTEE
John J. Fabian, Jr. 1TS gGWR~G~ OR CCN~~~S'
Senior Vice President -Investments
/amd
Citigroup Global Markets Inc. 11 North 3rd Street, 2nd Floor Harrisburg, PA 17101 Tel 717 780 1700 Fax 717 233 2090 Toll Free 800 237 1700
Property Management, Inc.
James D. Campbell, Jr.
Caldwell & Kearns
3631 North Front Street
Harrisburg, PA 17110-1533
Re: Estate of Kenneth N. Varner
Dear Mr. Campbell:
ACCREDITED
~~a~~o~~
Q A ~ MANAGEMENT
_~ ®~~
o=
c`~~FNT oR~P~~P°~ ORGANIZATION®
July 11, 2005
As you requested in your letter of July 8, 2005, the account balance of Ken's
401K account on January 20, 2005 was $101,930.41.
If you need anything additional, please do not hesitate to contact me.
Very truly yours,
PROPERTY MANAGEMENT, INC.
Kathy L. Campbell, SPHR
Human Resources Administrator
1300 Market Street, Suite 201 P.O. Box 622 Lemoyne, PA 17043-0622 (717) 730-4141 Fax: (717) 730-4140
www.rentpmi.com or www.propertymauagementinc.cc
REV-1511 EX + (12-99)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
vGCinFnir nFrFnFNr
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
-_
ESTATE OF FILE NUMBER
Varner Kenneth N. 21 05 0205
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1. Neill Funeral Home (cremation) 2,662.00
2. Funeral meal 355.89
B. ADMINISTRATIVE COSTS:
~. Personal Representative's Commissions
Name of Personal Representative (s) Waived
Social Security Number(s)IEIN Number of Personal Representative(s)
Street Address
City State Zip
Year(s) Commission Paid:
2 Attorney Fees Caldwell & Kearns 5,000.00
3, Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) 3,500.00
Claimant Michele T. Varner
Street Address 712 Veronica Lane
City Enola State PA zip 17025
Relationship of Claimant to Decedent SpOUSe
4. Probate Fees Register of Wills 635.00
5 Accountant's Fees
6. Tax Return Preparers Fees
7. Cumberland Law Journal 75.00
8. Carlisle Sentinel 115.25
9. Photocopies 43.25
10. Fax expense 7.00
11. PennDOT -Transfer vehicle title 6.00
TOTAL (Also enter on line 9, Recapitulation) I $ 12,399.39
(If more space is needed, insert additional sheets of the same size)
REV-1513 EX + (o.nm
SCHEDULE J
COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Varner Kenneth N. 21 05 0205
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under
Sec. 9116 (a) (1.2)j
1. Michele T. Varner Spouse 100%
712 Veronica Lane
Enola, PA 17025
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II. NON-TAXABLE DISTRIBUTIONS;
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET I $
(If more space is needed, insert additional sheets of the same size)
LAST WILL AND TESTAMENT
OF
KENNETH N. VARNER
I, KENNETH N. VARNER, presently of Enola, Pennsylvania, being
of sound and disposing mind, memory and understanding, do make,
publish and declare the following to be my Last Will and Testament,
hereby revoking all former Wills by me at any time made.
ITEM I: I direct that I be cremated, and
that my ashes be disbursed over the grave site of my grandfather,
Lester W. Smith, at Lind Memorial Cemetery, Lewistown,
Pennsylvania, or at the discretion of my Executrix. I direct that
all my just debts and cremation expenses be paid as soon after my
decease as may be practicable, from the cash resources of my
estate.
'i ITEM II: All the rest, residue and
~I
remainder of my property and estate, both real and personal, of
whatsoever kind and wheresoever situated, which I may own at the
time of my death, I give, devise and bequeath unto my wife, Michele
T. Varner, if she survives me by thirty (30) days.
ITEM III: In the event that my wife shall
not survive me by thirty (30) days, I give, devise and bequeath all
of the items of personal property identified in a list or index
which shall be kept with my original Will, in accordance with the
instructions contained in such list or index. I give, devise and
,bequeath all of my personal effects and belongings not identified
in said accompanying list or index as follows: Thirty-three (33%) ',
percent unto my father-in-law, Leonard Nowak, Sr., not to exceed
Twenty Thousand ($20,000.00) Dollars in value; Seventeen (170)
percent to my brother-in-law, Leonard Nowak, Jr., not to exceed Ten
Thousand ($10,000.00) Dollars in value; and the remainder to my
parents, Gilbert Varner and Gladys Darlene Varner, jointly, or to
the survivor. Such items shall be divided between my father-in-
law, my brother-in-law and my parents as they may agree. Any
remaining personal effects and belongings, and any personal effects
i
and belongings whose distribution cannot be agreed to by my father-
in-law, my brother-in-law and my parents shall be sold and the
proceeds added to the residue of my estate.
ITEM IV: In the event that my wife shall
not survive me by thirty (30) days, I then give, devise and
bequeath all the rest, residue and remainder of my property and
estate, both real and personal, of whatsoever kind and wheresoever
situated, as follows: Twenty Thousand ($20,000.00) Dollars (less
the value of any personal effects and belongings received by my
father-in-law pursuant to the preceding Item III hereof, unto my
,father-in-law, Leonard Nowak, Sr.; Ten Thousand ($10,000.00)
~IDollars (less the value of any personal effects and belongings
received by my brother-in-law pursuant to the preceding Item III
'hereof, unto my brother-in-law, Leonard Nowak, Jr.; and the
(remainder unto my parents, Gilbert Varner and Gladys Darlene
j Varner, jointly, or to the survivor. Any interest which I may own
2
at the time of my death in the following limited partnerships may
be distributed in kind to my residual beneficiaries, or at their
option reduced to cash: Schoolhouse Road Associates; Orchard Park
Associates; Nyes Road Associates; Wilshire Hills Associates; RDG-
Susquehanna Associates; East Campus Associates; Waverly Woods
Associates; Stonehedge Lane Associates; Timber Ridge Associates and
'..Allendale Road Associates.
'~ ITEM V: It is my desire that my
interests in the foregoing limited partnerships, as well as my
'interests in any other real estate or operating partnerships, and
my stock in Capitol View Development Company, Inc., and Rhodes
Development Group, Inc., shall be appraised by Jeffrey D. Billman
of Rhodes Development Group, Inc., in order to determine the value
of such interests for purposes of distribution, sale, redemption or
jotherwise in the administration of my estate. In the event that my
Executrix shall not agree with such valuation, the value of these
assets shall be determined by an independent appraiser experienced
in the valuation of similar assets for estate valuation purposes.
ITEM VI: I hereby nominate, constitute ''
I
and appoint my wife, Michele T. Varner, to be the Executrix of my
estate, with the power to sell all real and personal property at
private or public sale. In the event that my wife shall not
survive me, or shall otherwise fail to qualify as my Executrix, I
then nominate, constitute and appoint my attorney, James D.
Campbell, Jr., as the alternate Executor to serve in her place and
3
stead. It is my desire that neither my Executrix nor my alternate
Executor shall be required to post bond in this or any other
jurisdiction. In the event that my attorney shall serve as my
Executor, his compensation shall be limited to that which would
otherwise be payable for services as Executor alone.
IN WITNESS WHEREOF, I, Kenneth N. Varner, the Testator, have
to this my Last Will and Testament, written on one side only of
four (4) sheets of paper, set my hand and seal this ~~ day of
~~~ ~ 2003 .
~~~i~ ~'~ ( SEAL )
Kenneth N. Varner
.Signed, sealed, published and declared as and for the Last Will and
'.Testament of the Testator, in our presence, who in his presence,
'sand in the presence of each other, and at his request, have
thereunto set our hands and seals as subscribing witnesses.
~' ~~YU /''~:~->~~CG~~se f-f-, Cam.
~ residing at ~Yr,~~~; ~'`} ~ ~ l j Z--
i~~. S~ C=i~...~~j ~~~a ^' ry
~~
residing at I-~~.r-~~~~~.-.~ ~ 1"7I(~~
-r ;
4
COMMONWEALTH OF PENNSYLVANIA
I SS:
COUNTY OF T.~ !~ U ~N //J .
I, KENNETH N. VARNER, Testator, whose name is signed to the
attached or foregoing instrument, having been duly qualified
according to law, do hereby acknowledge that I signed and executed
the instrument as my Last Will; that I signed it willingly; and
that I signed it as my free and voluntary act for the purposes
.therein expressed.
~2~~ (~
Kenneth N. Varner
!SWORN TO and subscribed
~ before me this o7N~ day
of Sy nJ~ 2003 .
h ~~ ~ ~~~
Notary/ Public
NOTARIAL SEAL
NANCY L. BRESKI, Notary Public
Susquehanna Township, Dauphin County
My Commission Exaires March 16, 2004
5
COMMONWEALTH OF PENNSYLVANIA
. SS
COUNTY OF ~ A U ~~ i~ ,
We, `~J~y'r~ ~-•_ ~vl ~"Qr~ and ~~~~~ ~hC ~; rr. ~ t~,,,
witnesses whose names are signed to the attached or foregoing
instrument, being duly qualified according to law, do depose and
say that we were present and saw Testator sign and execute the
instrument as his Last Will; that Testator signed willingly and
that Testator executed it as his free and voluntary act for the
purposes therein expressed; that each of us in the hearing and
jsight of the Testator signed the Will as witnesses; and that to the
i
', best of our knowledge the Testator was at that time eighteen or
more years of age, of sound mind and under no constraint or undue
influence.
Sworn to and subscribed
before me this ~n1D day
of ~~N~ 2003.
Not y Public
93-599/56484-1
NOTARIAL SEAL
NANCY L 6RESKI, Notary Public
Susquehanna Township, Dauphin County
My Commissirin Expiros March 16, 2004
6