HomeMy WebLinkAbout07-02-79 (2)
RCC-84
(8-77)
.
,
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
INHERITANCE TAX DIVISION
OFFICIAL NOTICE OF
INHERITANCE TAX
ASSESSMENT
To/lie"; II (/)1/1/( /;,-.,-1: //-,1, f,' C/Ir"-r
lfl!!;!:- II!'" /o/,J/ /!,IIJ!c /);;I/P///~ L'l-7
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For County Information purposes only
COUNTY FILE NO: I () - /?7 - ;/
/A_ 2 - 70
DATE V' /
Li / I. )V i2). L"" <:r//
ESTATE OF/II / C./ I . .;> ~-
2;- 77-CNC,x
FILE NO.
DATE OF DEATH
(Cull iN, k/II<'--/
'/ - N '/:T
COUNTY OF
Appraised Value of Estate: ./ "
Real Estate
Personal Property
Jointly Held Property /Transfers
$
J.jt L, 1"11. t' ';
Total Gross Estate
$
~tc I /I/IJ 7
3') (2G~, /0
Total Approved Deductions
Clear Value of Estate
$"/22)5~Q 1 '7
Less: Approved Charitable Exemptions
Clear Value of Estate Subject to Tax
$ )./"2 2.. -; 2C .91
Amount Taxable @ 6% Rate
$ 1-//'1, 52!), '7 J
S CCy). 00
tax due
$ 2 S. OJ-/, 2 t,
75c).oo
$2 ';- lC1 z"
Amount Taxable @ 15% Rate
tax due
TOTAL PENNSYLVANIA INHERITANCE TAX DUE
Less Credits:
DATE OF PAYMENT
AMOUNT PAID
DISCOUNT
INTEREST
TAX CREDIT
Ie - I c- '7 '1
If - //- 7'1
$ jZ,tot.('C + $1111.3]
G S/ I /1 +
$
=
$/9'1tf737
G ~- //'19
+
BALANCE OF PENNSYLVANIA INHERITANCE TAX DUE
$
]l-/L 70
Interest will accrue at the
Inheritance tax from
rate ~ _Si; I./~) jircent per
annum on the unpaid balance of
to the date ,Pf payment.. .
As dby l~ ci('-fcel {-tJ ~1-,,/j?-~~;/ L
sesse : ,. - .. ([ TA _
AgentfortheCommonwe.lth ~'/ 7 I,::>.
SEE REVERSE SIDE FOR INSTRUCTIONS
REGISTER OF WILL'S COPY
OFFICE OF THE
REGISTER OF WILLS
.->N- 7f;- '1D3/ [1 J)'
STATEMENT OF DEBTS
AND DEDUCTIONS
DEDUCTIONS ALLOWED IN
Form RCC.IO
THE SUM OF ...
$ >7(/(1
o
OF Cum bl'! r 1 R.n rl
COUNTY
DATE APPI'IOVED
AND AGENT OF THE COMMONWIiALTH
ESTATE OF
Hilton A. Russell
LATIi OF Shippensburg Township, Cumberland county
DATE OF FILINa APPRAIIiEMENT
April 11, 1979
DATIi 01' DEATH
July 16. 1978
DATil!: NO. 0,. NAME 01' PAYEE REMARKJI AMOUNT
VOUCHElIt
Fegelsanger Funeral Heme $ 495 00
Eby Granite Werks - Cemetery Ma ker 285 00
Peeples Natienal Bank ef Shippe sbure: - CO'. Executer'R ",pp , <; ~f)~ p.~
Herr, Petts & Herr Ceunsel Fee & Ce-Executer's Fee 12,'500 00
Register ef Wills Prebate Est.. etc. hO no
Cumberland Law Jeurnal Advertising Letters 18 00
NewS Chrenical " 10 00
Penn Det Transfer Cests Q ''If)
Davis Friese Netary , ')0
Gerden A. Baker Appraisal ef Real Estate 6'1 )0
Paul L. Fegelsanger " " " " he; )0
Register ef Wills C1esing Cest. etc. (Est) <;70 1f)
Wm. R. Mark. Ese. Atternev's Fee <;I"ll"l )0
Gulf Oil Co'. 67 .5
Scheel - Real Est. T axe s 826 JO
pegue & Fagen - Hardware 14 iS1
Uni ted TeL Co'. 212 +3
Lee Wingert - Repairs 112 77
'l'owne Cleaners 9 25
Alan B. Rhinehart - Mileage ~ 60
-p", Rlp(> r.e. 102 Q2
r.anital B/C - B/S 74 ~4
Internal Rev. Servo 1978 Est. 690 )0
Pa. Dept. Rev. 125 00
Harry H. Hadden. Jr.. M.D. 378 00
Denald W. Matze11e " 1,400 00
COMMONWEALTH OF PENNSYLVANIA }
COUNTY OF Cumberland BB:
I, Alan B. Rhinehart, Ass It Trust Officer and Philip C. Herr
HlUu.ay CEIlTIJ'Y. THAT. TO THE aaT OF
MY KNOWLEDGE AND BELIEP', THE 1I"0REaOlNG 'B A. JUST AND TItU E BrATIIIIENT Oil" DO,.., II"UNEltAL EXPENBEB AND EXPOENB" Oil"
ADMINISTRATION 8UBMITTED TO THE E8T"TE Oil" Hilton A. RUssell
INHIlRITANCE TAX POURPOUB. THE PEO~ANATlONAL.BAN~~ sHlP~~nfu,Ap,ef7'25fN. II"OR
-J-I ~~ / ~ x;;..;;~'/.Js5JY;1.U1 ~~
eWORN D BUBBCRIBED B.FORE ME THI8 / / .LA.... nAY 01' IV~ .
L- ~;:
V
MIry E. MrS. Notary Public
Shippenlllurv. PA (umberr.nd COUIIIy
My Commi...... Expires J"y 17. 1982
IN5TRU~TIO~5.
To insure pi '-'per credit to your account, th9 narn; d '-;IC estilt'.~ 2,'d file number should be clearly print-
ed on the check or money order.
This assessment is made in accordan'" wit') S2cbn 708 of the Inheritance and Estate Tax Act of
1961 (72 P.S. 82485-708).
To the extent that inher:t;)nce 1ax is ~(!;d '--",.':"'J-dn thrps (3) mont~3 after the death of the decedent, a
discount of five (5) percent is allowed (72 P.S. :: 2~H'j.i G).
Inheritance Tax, other than lex on a t",',r8 i: . "''''.?, is C'J8 at the date cf the decedent's death and becomes
, delinquent at the expiration of nine (9j iTiG"lhc, :.:',er ti,., desedent's death (72 P.S. !l 2485-711). Inheritance
Tax on a future interest is payable within three (?) rwmlhs after the transfer takes effect in possession and
enjoyment and is delinquent the{ca~:'cr C72 P.S. C: 2c~t:5~7';::::). C2:~:u1:.;te ir.tf!;cst from the dennquent date shown
on the face of this form to the date o'~ actusl prr/nHH'!t US:lifj ~hJ fcj;J'/~;i1g interest table:
_____________________ _._,H>_._~____ ___ ____ ______ _____ _ _ ____ ___ _______._ __ __ _ _ _ __ __
1 month .005 4 m~nths .020 7 mc~ths .035 10 months .050
2 months .010 5 months .025 8 months .O,W 11 months .055
3 months .015 6 months .020 9 months .045 12 months .060
1 days .00017 11 days .00186 21 days .00352
2 days .00034 1 ~ cays .OO?J3 22 days .00369
3 days .00051 13 days .C('?~O 23 days .00386
4 days .000'38 14 days .C0237 24 days .00403
5 days .00085 1 5 C 3YS .OO2~:O 25 days .00420
6 days .00101 16,;ays .00267 26 days .00437
7 days .00118 17 days .00284 27 days .00454
8 days .00135 18 d.1YS .0030.1 28 days .00471
9 days .00152 i D dQ'y's .00318 29 days .00488
10 days .00169 20 days .002:::::3 30 days .00500
Any party in interest, including the Commonwealth and the personal representative. not satisfied with
the assessment may object thereto within sixty 160) days after receipt of this Notice as provided by Section
1001 of the Inheritance and Estate Tax Act of 1 ~Gl (72 P.S. 8 2485-1001).
Make check or money crder payable to:
"Register of Wills. Agent"
Mail to the cdJress lis~::c.! bdO\.v;
COMMONWEAL TH -OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF COUNTY COLLECTIONS
'*
"/11/11
02/-1 J"-()'ftl~
.
RCC.33 (4-73)
RESIDENT DECEDENT
COUNTY OF CUMBERLAND
IMPORT ANT:
This return must be completed in detail and filed in duplicate, with all attached, with the Register of Wills of the
County where decedent resided; Return is due within nine months after date of death, unless an extension is granted
by the Secretary of Re'tenue. (Section 703 of the Inheritance and Estate Tax Act of 196I.)
.....
} AFFIDAVIT OF
EXECUTOR
'.m.1II llll. .... r OR
Counly
c
IN THE MATTER OF THE ESTATE OF
HILTON A. RUSSELL
ISTATE FULL NAME OF DECEDENT)
Lole of Cumberland
Pennsylvania
C I f Cumberland
OU" yo.
The Peoples National Bank of Shippensburg and Philip C. Herr
of the estate 'of the above-named decedent being duly sworn, depose and .oy
J IS:
Slale of
Executor s
~.mmorr
IMONTH)
Name and addr... of attorney or }
other authorized repres.entative to whom
all corr.s.pondence should be mailed.
(DAY)
, 19~ 10.1.10 leaving. 1..1 will, copy of which I. herelo OllaChed,,}
~l.---
Decedent died
July 16
HERR, parrs & HERR
1701 ARCH STREET, PHILADELPHIA, PA. 19103
That as such
deponent is familiar with the affairs of said estate and the property constituting
(EXECUTO R- A ~"''''I J;:T..... I U I"()
the assets thereof and their fair market value.
That at the time of death there was no safe deposit box registered in decedent's individual name, or jointly with, or
as agent or deputy of another, or in decedent's individual name, with right of access by another as agent or deputy, with the
exception of the following: -
NAME AND ADDRESS OF BANK OR OTHER INSTITUTION THIS SAFE DEPOSIT BOX RENTED RELATIONSHIP OF JOINT
IN WHICH DECEDENT RENTED A S...lt.FE DEPOSIT BOX IN NAME OR NAMES OF HOLDERS TO DECEDEN T
The Peqp]es NationaJ 'R"...". Hilton A. and Dorothy O. Husband & Wife
Russell
Shippensburg, Pa.
That the contents of said safe deposit box or boxes are itemized under Schedules B
with the exception' of the following, for the reasons hereinafter set forth:
of this return,
That Schedule A attached hereto and made part hereof sets forth fully and in detail all the real property
in the Commonwealth of Penns.ylvania of which decedent died having an interest therein. It also sets forth the
mortgage encumbrances upon each parcel of real property at the date of death, giving the amount still due at
death, name of mortgagee, date, rate of interest, and book and page of record thereof. It also sets forth in the
columns provided therefore the assessed valuation of each of said parcels, the estimated market value thereof
as of date of death of decedent.
That Schedule B attached hereto and made part hereof sets forth fully and in detail all personal property
wheresover situated owned by the decedent at the time of death; all moneys left by the decedent at the time of
death, whether in decedent's immediate possession, standing to decedent's credit in banks of deposit, savings
banks, trust companies, or other institutions, whether individually, or in trust for any other person or persons
giving also separately the accrued interest thereon, if any, down to the last interest day prior to decedent's
death in the case of savings banks, and to the date of decedent's death in all other cases; all bonds, postal
savings, treasury certificates or notes and other evidence of indebtedness of the United States to the de-
cedent; all obligations, whether by statute or agreement they are designated as tax free, of the United States,
or any state, or political subdivision thereof, or of any foreign country, which are owned at the time of death;
all wearing apparel, jewelry, silverware, pictures, books, works of art, household furniture, horses, carriages,
automobiles, boats, and any and all other personal chattels of whatsoever. kind or nature, left by decedent,
together with the fairly estimated market value thereof; all bonds and mortgages held by decedent and of all
claims due and owing decedent at the time of death, and all promis sory notes or other instruments in writing
for the payment of money of which decedent died possessed, of whatsoever nature, with interest thereon, if
any, giving the face value and estimated fair market value thereof, and if such estimated fair market value be
less than the face value, it sets forth briefly the reasons for such depreciation as to each item; all moneys
payable to the estate from life insurance policies carried by decedent; all annuity and endowment contracts
the proceeds of which were payable upon the death of the decedent; all and the corporate stocks and- dividends
due thereon and unpaid as of the date of death, bonds and accrued interest thereon to the date of decedent's
death and other investment securities owned by the decedent at the time of death, with the.market value there-
of at such time.
In the case of securities of close or family corporations, the values reported are as far as
possible substantiated by financial statements of the corporations, showing the assets and liabilities
thereof as of the date of death. The schedule also sets forth the interest of decedent at the time of
death in any co-partnership or business, and in support of the value of such interest there is annexed to
said schedule, financial statements showing the assets and liabilities of said co-partnership or 1:>.usiness.
A copy of the co-partnership agreement, (if oral, a statement setting forth the nature of tne agreement)
together with a statement setting forth the character of the business, its location, and such other facts
pertaining to the business as may be pertinent to a fair and just appraisal of the decedent's interest
therein must be submitted. It should also set forth in itemized form, together with the fair market value
thereof, any other property owned or bequeathed by the decedent at the time of death.
The Schedule C attached hereto and made part hereof sets forth a true answer to each inquiry
contained therein and in the case of transfers of property, real or personal, within two years of decedent's
death, in contemplation of decedent's death, or intended to take effect in possession or enjoyment at or r
after death, said schedule sets forth the nature and value of such property, to whom transferred, the
relationship of the transferees to the decedent, the proportionate share received by each transferee and
all other facts of a pertinent nature regarding said transfers. In the case of transfers intended to
take effect in possession or enjoyment at or after death, there is also attached to the schedule a copy
of the deed, trust agreement or other instrument creating the trust. Ther,~ is also set forth in said
schedule a list of all property, real and personal, with its value, which pa~ses at decedent's death by
virtue of the exercise by decedent, either individually, or jointly with another, or any power of appoint-
ment vested in decedent, either individually or jointly, by the Will, deed, or other instrument of another,
with a copy of the instrument creating such power attached to the schedule.
That Schedule D attached hereto and made part hereof sets forth the names and addresses of all
persons beneficially interested in this estate at the time of decedent's death, the nature of their res-
pective interests, their relationship, if any, to the decedent, together with the ages at the time of
decedent's death of all. minors, annuitants and beneficiaries for life under decedent's Will. It also
contains a statement showing which of the beneficiaries named in the decedent's will, if any, died prior
to decedent, the dates of their death, their issue, andthe relationship of such issue to the beneficiary.
That Schedule E attached hereto and made a part hereof sets forth all property, real and per-
sonal, owned by the decedent jointly with another or others, including intangible, standing in the name
of the decedent and others, plus the date and place of record of instruments effecting the vestiture of
real estate and the date of acquisition of personalty, plus the name, address and relationship, if any,
of co-owners to the decedent.
That Schedule F attached hereto and made a part hereof sets forth fully and in detail all debts
and deductions claimed for and on behalf of this decedent's estate, including funeral expenses paid;
family exemption, where applicable; costs of administration of this estate; counsel fees and fildiciary's
commissions paid or to be paid; cost expended for burial trusts, tombstones or gravemarkers, and reli-
gious services, in consequence of the death of the decedent; debts and claims owing and unpaid at time of
death; taxes accrued chargeable for period prior to decedent's death (except those allowed under Section
651 of the Inheritance and Estate Tax Act); together with a statement of collateral pledged for obliga-
tions, if any. It is agreed that the fiduciary will present proof of said claimed obligations upon re-
quest, that if the amount actually paid in settlement of any fee, commission or debt is less than the
estimated amount claiming and allowed, that the same will be reported to the Register of Wills, and that
the amount of tax assessed can be reassessed in accordance therewith.
That the totals of the appropriate columns in Schedules "A", "B", "CO, "E", and "F" as directed therein,
have been carried forward and properly registered in the Summary.
Subscribed and sworn to before me this .................................
......./I.I1........ .. . ..... dar of ..~ ... .... ....... 19..7:9
...........)J)@.....t-.~.. ..... ......
Mary ~. slavers, Notary PubrlC
Shippen,bu"". PA Cumberland County
Mv Commission Expires Julv 27, 1982
~.~/:~~.'......~:~~lZ~4.~:~~~~(::f..~~I.~~
(Executor-Administrator)
P. O. Box #9
..........................,...................................................,..... .....................................-....
(Street Nu.mber)
.............::;.l:t.~pv.~J:l.~:b..1J.!.~L..J?.13:.~............................................................
(City or Town and Sta.te)
NOTE: Before signing affidavit make sure all blank spaces in the affidavit and schedules annexed are
filled in with details or the word "None", and in case the assets include rare and unlisted securities,
securities of close or family corporations or an interest in any co-partnership or business, that the
data and statements required under the paragraph above relating to Schedule "B" are attached. Also make
certain that column #1 in the "Summary" has been properly completed as above-directed.
RCC-34 (I-64i
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF COUNTY COLLECTIONS
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
SCHEDULE "A"
REAL PROPERTY
*'
Real property in Pennsylvania. with statement of mortgage encumbrances upon each parcel at death of dece-
dent. Where property held as joint tenant or tenancy by entireties, report on Schedule "E". Property held by
the decedent as tenant in common with another or others, should be identified as to quantum of interest and
the estimated value should be thaf of the decedent's interest only.
The real property located In the Commonwealth of Pennsylvonla should be (1) (2) /3\
described by lot and block number, street and street number, together with DEPARTMENT
o general description of the property, with a reference to the record of the ASSESSED VALUE VALUATION
conveyance by which the decedent took title; If a farm state number of a. FOR YEAR OF ESTIMA TED CAUTION
cres; also statement of mortgage encumbrances upon each parcel at death DECEDENT'S MARKET VALUE (De net write
of decedent. Taxe., als..sments, accrued Inter..t on mortgages, .fc./ar. DEATH In this space)
to be listed on Schedule "F" ond must net b. deducted from this schedule.
. NCNE
Insert thi s total opposi te "real property", Schedule" A" in the X X X X X
"As Reported" column on the last page of this return.
rtl::C -35
COMMONWEALTH OF PENNSYLVANIA
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
SCHEDULE "B"
PERSONAL PROPERTY
l;,.,i~ti::~";'
. .
*
INSTRUCTIONS: This Schedule must disclose all tangible and intangible personal property owned individually
by the decedent, at the time or his death. Property owned by the decedent jointly with another or others
must be listed under Schedule "E". Intangible personal property, titled in the name or the decedent, but
payable at death to another or others, including but not limited to P.O.D. U. S. Savings Bonds and tenta-
tive trust accounts, must be listed, despite the ract that they are not or the administered estat~
Tangible personal property should be listed rirst (e.g. jewelry, wearing apparel, household
goods, and fUrnishings, books, paintings, automobiles, boats, etc.)
Intangible personal property, such as bonds, treasury certiricates, cash on hand and in bank,
stocks, mortgages, notes, together with accrued interest or dividends, salaries or wages, insurance pay-
able to the estate or riduciary in said capacity, partnership interests, interest in anyundistributed
estate or or income rrom any property held in trust under the will or agreement or another, even though
located outside or the State, at the time or death, should be listed in this schedule.
Item
NO.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
ITEM
List and describe fUlly
$25 - U.S. Series E, Feb. 1944
#0349-455 - 105-E
(I'\.
6464 Shrs. The Beistle Co. (CM) L\. --\ "'\,/
(Sold 3232 Shrs. Jan. 1979 @
33. per share)
3 Shs. duPont (Cm)
10 Shs. Gentl. Motors (Cm)
3 Shs. I.B.M. (Cm)
10 Shs. I.N.A. (em)
11 Shs. Pa. P & L (Cm)
1320 Shs. Peoples Natl. Bk. (em)
14 Shs. Pgh. Natl. Corp. (Cm)
C/D
The Peoples Natl. Bk
Shippensburg, Pa. #5497
Interest payable monthly
Accd. interest on above to 7/16/78
'2P/o
Checks alc - The Peoples Natl. Bk.
#48-405-9
1972 Cadillac Coupe DeVille (N.A.D.H.)
7-$50.00 Amer. Express Travel Cks.
Menno-Haven Nursing Home - Refund
Medicare - Refund
Blue Shield
Combined Ins. Co. of America
Refund-Accident Insurance
Natl. Geographic Soc.-Refund
20 Steinway Baby Grand Piano
21 Proceeds sale Law Book, etc.
22 Accounts Receivable-Lawyerts Fees
23 United Tel. Co.-Refund
24 3M - Refund Mtce. Agreement
Insert this total opposite "Personal Property", Schedule "B" in
the "As Reported" column on the last page or this return.
UNIT
VALUE
ESTIMATED
MARKEr VALUE
DEPARTMENT VALUATION
(Do not write in
this space)
, 68.39
33.~ 213,312.00....>
15.625
61. 031
265.81
41. 594
21.2
70.00
38.375
""
'~ 346.88
'-- 610.3
."'" 797.04
"" 415.94
"'-234.09
~,400.00
537.25
140,000.00
"\ 466.67
l
1,691.88
~50.00
" 921. 66
'",-
1,368.32
,~42.0
~14.44
1.3
x X $460,141.07
4l,o,\4l.o1
RCC- 36
COMMONWEALTH OF PENNSYLVANIA
TRANSFER INHERITANCE TAX
SCHEDULE "c"
TRANSFERS
'*
RESIDENT DECEDENT
(1) Did decedent, within two years of death, make any transfer of any material part of his estate, without
receiving a valuable and adequate consideration therefor? (Answer yes or no) No
(2) Did decedent, within two years of death, transfer property from himself to himself and another or
others (including a spouse) in joint ownership? (Answer yes or no) No
(3) If the answer to (1) or (2) above is in the affirmative state:
(a) Age of decedent at time of transfer
(b) State of decedent's health at time of making the transfer. (Note 1).
(c) Cause of decedent's death. (Note 1).
(4) Did decedent, in his lifetime, make any transfer of property without receiving a valuable or adequate
consideration therefor which was to take effect in possession or enj~yment at or after his death?
(Answer yes or no) No
(a) Was there any possibility that the property transferred might return to transferer or his
estate or be subj ect to his power of disposition? (Answer yes or no) No
(b) What was the transferee's age at time of decedent's death? No
(5) Did decedent in his lifetime make any transfer without receiving a valuable and adequate consideration
therefor under which transferor expressly or impliedly reserves for his life or any period which does
not in fact end before his death:
(a) The possession or enjoyment of or the right to income from the property transferred?
(Answer yes or no) No
(b) The right to designate the persons who shall possess or enjoy the property transferred or
income therefrom? (Answer yes or no) No
(6) If the answer to (5) (b) above is in the affirmative, state whether the right was reserved in decedent
alone or others
(7) Did decedent in his lifetime make a transfer, the consideration for which was transferee's promise to
pay income to or for the benefit of care of transferor? (Answer yes or no) No
(8) Did decedent, at any time, transfer property, the beneficial enjoyment of which was subject to change,
because of a reserved power to alter, amend, or revoke, or which could revert to decedent under terms
of transfer or by operation of law? (Answer yes or no) No
(9) If the answer to (8) above is in the affirmative, was the power to alter, amend, or revoke the inter-
est of the beneficiary reserved in the decedent alone or the decedent and others?
(Answer yes or no)
NOTE 1: The anSwers to these questions should be supported by affidavit by the attending physician as
well as a copy of the death certificate.
NOTE 2: If anSwer to any of the above questions is yes, set forth below a description of the property
transferred, it's fair market value at date of death, dates of transfers and'to whom transferred, with
relationship of transferees to decedent, if any. Submit copy of any trust deed or instrument, if trans-
fers are claimed to be non-taxable, also submit detailed statement of facts on which said claim is based.
NOTE 3: List applicable property below in manner in which provided in Schedules A, B, or E.
ITEM
DESCRIPTION
MARKET VALUE
(Es tima ted)
DEPT. VALUATION
(Dept. Only)
NONE
NONE
N~
Insert this total opposite "TranSfers", Schedule "C" in the
"As Reported" column on the last page of this return.
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!
LAST WILL
OF
HILTON A. RUSSELL
I, HILTO~ A. RUSSELL, of Shippensburg Tp~~ship, PennsylvaGia, ceclare
this to be my last Will hereby revoking all prior Wills and Codicils.
FIRST: I direct that all my just debts, including expenses of my
f~~eral ap.~ last illness, be paid from my general estate as a part of the cost of
a~inistration as soon afte~ my decease as practicable.
SECOND: A. I give and bequeath to my wife, DOROTHY u. RUSSELL, all of
my tangible personal property, including ~ny automobiles, together with policies
of insurance the~eon, providing she is living thirty days after my death. If my
said wife does not survive me, or dies within the thirty-day period, I gi7e such
property to my children living at the time of my death to be divided among them
as they may agree, but, in the event no agreement is reached, the same shall be
divided as my Executors shall determine.
B. I give and bequeath unto my secretary, MARGARET AGLE:, the
sum of Three Thousand Dollars ($3.000.00), if she is in my employ at the time of
my death.
C. I give and bequeath unto our housekeeper. ~ARY FRYE. the
sum of Two Thousand Dollars ($2,000.00), if she is in my employ at the time cf
my death.
THIRD: If my wife, DOROTHY O. RUSSELL, survives me, I give, devise ~~
bequeath the entire residue of ~J estate to my Trustees hereinafter named to hold
and adminis~er as follows:
1. ~uring the li~e 0f my said wife -
(a) All cf the net income therefrom shall be paid to my said wife in
quarterly or other convenient installments.
(t) As much of the principal thereof as my Corporate Trustee in its
ciscretior. may from time to ti~e deem proper for the tealth,
maintenance and su;,~ ort r:f r-.y wife, shall be paid to or applied.
direc'ly for her.
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2. Upon the death of my said wife, or upon my death if she dces not
survive me, the then rerr.aini~g principal of this Trust shall be divided among my
then li.ving issue per stirpes. For purposes of this paragraph "issue" shall be
construed to include unly nat~al born persons at the time the interest becomes
possessory, and not adopted per5~ns_
3. If any beneficiary is a minor, or in the opinion of my Trustees, is
incapable, because of physical or mer-tal incapacity, of properly using any pay-
=ent of princiral or income to which he is entitled, my Trustees may use any
pa:,'!::ent t;:, which the beneficiary shall be entitled for the m:lintenance, ~"lpt'ort,
health and educa.tion of the beneficiary. Any am0unts not required may be i,~ld
by my Trustees and invested in accordance with the provisions of this Trust
covering investments 1::y my Trustees and any principal and acc~ulated income
shall be paid over to the beneficiary upon the termination of his mincrity or
incapacitaty or, in the event of his death, to his personal !'epresentative.
FOURTH: The interests of the beneficiaries hereunder shall not be
subject to anticipation or to voluntary or involuntary alie~ation until
distrib~t:on is actually made.
FIFTH: A. All estate, inheritance, succession and other death taxes
imposed or payable ty reason of ty death, and interest and pe~alties ~hereon,
with respect to all property camprising my grGss estate rOT 'ieath tax purpc.::e~:,
whether or not sue"; property passes under this Will shall be paid out of the
residue 0: w~ estate witho~t apfortionment or right of rei~bursement from any
ter.eficiary or recipier.t _ I aut:_'.:rize my Executors and Trustees to pay all
such taxes at such ti~e or ti~es as deemed advisablE_
B. ~tr Executors ~ay join with my wife, or her persor.al repre-
~entati ve, in a joint income tax ret'JIn '~::vering ar_y period cf time V-ior to
my death, or in a gift tax return on gifts made by her prior to my dea~hand in
connectio:1 therewith to deteroinE what taxes, inte:--t's..,. ~.nd peLalties "re proper
and. to ray the san;e even though r.ot attributable ir. ""hole or in part to inCGille
oz- gifts frc,;n IT'~ property and witr.c\~t :-eq,d.l'ing said wife or l:er perso::1"!.l
represtn':atiye to ir.:-o=ify my estate 'Against liability tJ it for tax attribut-
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able to her.
SIXT": I appoint my wife, DOROTHY o. RrSSELL, ani the PEOPLES
NATIONAL E:J.1K OF SHIPPENSBURG Executors and Trustees under this my Win. Shoul::.
my wife, DCRO'::'HY Q. RUSSELL, for any reason fail to qualify," otherwise cease
tc act as Co-Executor or Co-Trustee, I appoint PHILIP C. HERR to act as such ii'!
her rl3.~e. I waive the requireJ!.ent of any bond or other security in any
jurisdiction.
My wife, DOROTHY O. RUSSELL, shall nGt participate in any discretionar~r
decisio:"l relatirlg to her right. in or to income or prine ~pal or the division o~
tangible Fersonal property, or in any determination of bel" capacity, in whi~h
cases the c.ecision of corporate Trustee sha.ll s.lone control.
SEVENTH: ~~ corpo~ate fiduciary shall be entitled to compensation fc"
its services hereunde~ in a~corcance with its Standard Schedule of Charges
curre~tly in effe~t at the t~e its services are called upon, and from time t~
time during the rerioJ over which such serJi~e5 are performed. ~tr individual
Executor, ether than my wife, shall. receive conpen~atjon equal to one-third of
the corporate fiduciary coopens~tion.
EIGHTH: In addition to the powers above pro~ided for, and those given
by law, my Executo,3 and Trustees, without any order of court a~d in its so:e
discretion, may:
A. ?etain ar,y ?roperty and invest and reinvest in any property i~cludi~€
by 'J'1Y of illustration and :".ct of licitation, common stocks ,~p to
one hundrei percent Qf my estate or any following trusts, any common
or diversified trust :funds main~ained by or stock of the PEOPLES
NATIONAL BANK OF SHIPPE~SBL~G.
B. Keep reasonabl~ amounts of cash in bank uninvested.
C. Ptu"chase investments at preciums and charge premiums to income or
principal or partly to each.
D. Subscribe for stocks, bonds or other investments; exercise any stock
0ption or similar right; Join in any plan of lease, mortgage, merger,
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consolidation, reorganization( foreclosure or voting trust and
c.eposit sec:.:rities thereunder; and generally exercise all the rh;ht,>
of security holders of any corporation.
E. Fegister securities in the name of a nominee in s~ch mann~r that
title shall pass by delivery.
F. Vcte, in person or b:{ proxy, securities held by it and in such coc-
flection to delegate its discretionary powers.
G. Repair, alter, improve or lease, for any period of time, any prop-
erty and give options for leases.
H. Sell at public or private sale, for cash or credit, with or witilou:
securi ty, and exchange or part i tion r rope~.ty and give options for
sales or exchanges.
I. Borrow money from any person, including any Executor cr Trustee and
!Lortgage or pledge ar-y pr0perty.
J. Comprc:ni se claims including any questions rela1.ing ':0 any policy of
life insurar-ce. However, n:y fiduciary need net institute litigation
to collect any policy unle3s it is reasonably indemnifLed for costs,
counsel fees and ether expenses of such lH igation.
K. Vse expenses and losses as deducticfis for fede~al income tax or estate
tax purposes, or partiy for each, as it shall deem advisable, witho~~
Oldjustments between income and principal in consequence of such discretion.
L. Make distribution i3 :ash or in kind or partly in each.
M. Exercise all p0wer, authority and. discretion given by this Will after ter-
mir.8,ticn of any trust created rlerein until the same is fully distributed.
,---- .
::'N HITIiESS ;,"EEPEC'F, I l:ave hereunto set rr:y hand and seal this :z. if !!:..': day
of
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Hilton A. Russell
(SEAL)
SIGNED, SEATED, PUBLISHED ft~D DECLARED by the above-named HILTON A. RUSSELL as and
for his ~ast Will and 'J estament in the presence of us, ;:r.c, at his request, in his
presence and in the l=,resence of each other have hereunto subscribed our names as
witnesses. . /. oj
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RCC-37 ('12-63)
'('OlllIlIONWEALTH OF PENNSYYLANIA
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
SCHEDULE uD"
BENEFICIARIES
(
h
BENEFICIARIES AND ADDRESSES RELATIONSHIP SURVIVED
(If step-children or DATE INTEREST OF
State full names and addresses of all who illegitimate children DECEDENT OF BENEFICIARY
ave an interest, vested, contingent or other are involved, set STATE YES IN ESTATE
wise, in estate) forth this fact.) OR NO BIRTH
Dorothy O. Russell Wife Yes 3-25-07 Tangible Personal
213 No. Prince street Property
Shippensburg, Pa. 17257 Life estate in the resid
Margaret Agle None Yes N/A $3,000.00
501 Brenton Road
Shippensburg, Pa. 17257
Mary Frye None Yes N/A $2,000.00
R.D. #1
Shippensburg, Fa. 17257
Issue per stirpes living at the Residue
death of Dorothy O. Russell
--
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Deponent further says that all the above-named beneficiaries are living at this time except below:
NAME
DATE OF DEATH
RESIDENCE
Will
Administration
~ No.
21-78-408
,.. ........... Year ............ .......
-<Executor-Administrator
must complete "As
Reported" column '1.)
Deceased
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ni THE
MATTER OF THE APPRAISEMENT
OF THE
EST.-\. TE OF
HILTON A. RUSSELL
Late ofSbippeJ:l1(bL1+gTqw;n,~:bJp ,
REPORT AND APPRAISAL
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1701 Arch street, Suite 300
Philadelphia, Pa. 19103
(215) 563 - 4108
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RC'C-38
RESIDENT DECEDENT
SCHEDULE "E"
JOINTLY OWNED PROPERTY
'*
COMMONWEALTH OF PENNSYLVANIA
TRANSFER INHERITANCE TAX
INSTRUCTIONS: This schedule must disclose all property, real and personal, owned by the decedent jointly
with another or others, including intangibles, standing in the name of the decedent and others. List
real estate first, as entireties, or joint tenants, giving brief description, as indicated under Schedule
"A", plus the date and place of record of instrument effecting vestiture, but do not include entireties
or out of state real estate value in estate valuation column. Personal property should be listed as in
Schedule "a", plus date of acquisition, and the name, address and relationship (if any) of co-owners to
the decedent.
Description of Property, Date of Acquisition, Name
Address and Relationship of Co-Owners, and Place
of Record of Instrument, where Real Estate.
'.)':)< V' V'
unit
Value
percentage
Share
Estate
Valuation
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DEPARTMENT VALUATION
CAnTlON-Do not Write
In This Space.
Value of Value of
Entire Decedent's
property Interest
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The following property was jointly owned
by decedent and his wife, Dorothy O.
Russell
213 No. Prince st.
Shippensburg, Pa. 17257
Acquired by two (2) deeds
(a) 11/13/43 - Hilton A. Russell and
Dorothy O. Russell,
his wife
Recorded Cumberland Co. 11/17/43
D/B 12-R page 486-$13,092.50
(b) 12/15/76-The West End Land Co. to
Hilton A. Russell and
Dorothy O. Russell,
his wife
Recorded Cumberland Co. 1/3/77
D/B F, Vol. 27, p.112-$500.00
$25.00 U.s. Series E, Feb. 1944
#338-104-826E
Insert this total opposite "Jointly Owned Property", Schedule "E"
in the "As Reported" column on the last page of this return.
N (,.--..J...
.
REV-518 18-781
COMMONWEAL T.H OF I?ENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF FIELD OPERATIONS
P,O. BOX 2970
HARRISBURG
17105
IN YOUR REPL Y PL.EASE
REFER TO
Inheritance Tax Division
NOTICE OF FILiNG OF APPRAISEMENT
Peoples National Bank Philip C. Herr
East King Street 1701 Arch St., Suite 300
ShiDDensbur~. PA 172~7 Phi'~n~'phi~> PA 19103
(Executar ar Adm inistratar)
In Re: Estate of
Hilton A. Russell
Cumberland
County - File No. 21,...78-0408
Dear Sir:
You are hereby notified that the original
appraisement in the estate of Hilton A. Russell
has been filed in the office of the Register of Wills of Cumberland
County on June 13 , 19~, Said appraisement reflects the following
valuations:
Real Estate
Personal Property
Transfers
Jointly Owned
Total
None
460,141.07
None
None
$460,141.07
As to such tax that is paid within three manths from date of death, a five (5%)
percent discount is allowable. As to any tax that remains unpaid after nine (9) months
(fifteen months when death occurred from December 22, 1965 to June 16, 1971. inclusive;
and twelve months when death occurred prior to December 22, 1965) from date of death.
interest at the rote of six (6%) percent per annum is charged.
Dote
Any party in interest who is aggrieved by this notice may object thereto within
sixty days after receipt of said notice as provided by Section 1001 of the Inheritance and
Estate Tax Act of 1961, 72 P. S. 2485-1001, P. L. 373.
Signed L~ ~~~
Administrative Officer
June 13, 1979
Title
Note: This is not a bill.
"C C-2 (2-641
.
COMMONWEALT]I OF PENNSYLVANIA
RESIDENT INHERITANCE TAX
APPRAISEMENT
DATE
June 13. 1979
DEPARTMENT OF REVENUE
BUREAU OF COUNTY COLLECTIONS
HARRISBURG, PENNA. 17127
COUNTY
"""~lHirlalld
FILE NO.
21-78-0408
Whereas, Hilton A. Russell late of ShiD-pensbur~
in the County of Cumberland Commonwealth of Pennsylvania, having died on
the 16th day of July 19-1!!, seized and possessed of an estate
subject to Inheritance Tax under the laws of the Commonwealth of Pennsylvania;
Therefore, I, Leo Fulginiti . an appraiser duly appointed according to law,
having been designated to make a fair and conscionable appraisement of the said estate, and to assess and fix
the cash value of all annuities and life estates growing out of said estate, hereby file the following appraisement:
In the event that any future interest in this estate is transferred in possession or enjoyment to collateral heirs of the decedent after
the expiration of any estate for life or for years, the Commonwealth hereby expressly reserves the right to appraise and assess transfer
inheritance taxes at the lawful collateral rate on any such future Interest.
Unit Appraisement
Dtlcrlptlon of A.set Values Made for Inheritance
TaxPurpole1
Real Property $ None
Personal Property 460,141 J7
Joint-Held Property None
Transfers None
,
TOTAL ASSETS $460,141 07
.
(llIIm~ and Str,tl)
HarriSburg
(Poot Oftloo)
, Penna.
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............. / ?
Cumberland
COlwty
RESIDENT INHERITANCE TAX APPRAISEMENT
Estate of
HILTON A. RUSSELL
Deceased.
Late of
Shippensburg
Date of Death, July 16, 1978
AppraisemeNt Docket Vol., 10 6%
Page, 177 No. 4
Filed in Register's Office, June 13. 19-1:1
Amount of tax dtlt, $
DEPARTMENT OF REVENUE
Received,
Examined and Approved,
Wrote abo.ut Appraisement,
Appeal fl'om Appraisement,
Entered and charged,