HomeMy WebLinkAbout12-13-05
, REV_l5NEX.[8-00)
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OFFICIAL USt: ONL.Y
REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
FILE NUMBER
21
COUNTY CODE
00848
NUMBER
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
DEPT. 280601
HARRlS!IURG,PA 17128-0601
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W
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DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
AUX, GEORGE W
05
YEAR
SOCIAL. SECURITY NUMBER
577-52-3897
THIS RETURN MUST BE FIL.ED IN DUPUCATE WITH THE
REGISTER OF WILLS
SOCIAL SECURITY NUMBER
1 Original Return
o 2. Supplemental Return
D
D
D
4a. Future Interest Compromise (date of death after
12-12-82)
7. Decedent Mainlained a Living Trust (Attach
copy of Trust)
10. Spousal Poverty Credit (date of death between
1 -31-91 n 1-1-95
o 3. Remainder Return (date of death plior to 12-13-82)
o 5. Federal Estate Tax Return Required
o 8. Tolal Number of Safe Deposit Boxes
o 11. Election to tax under Sec. 9113(A) (Attach Sch 0)
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4. Limited Estate
6. Decedent Died Testate (Attach copy
of Will)
9. Litigation Proceeds Received
DATE OF DEATH (MM-D[)'YEAR)
DATE OF BIRTH (MM-D[).YEAR)
Ten East High Street
Carlisle, PA 17013
(1) None
(2) 987,341.33
(3) None
(4) None
(5) 71,922.00
(6) None
(7) 24,000.00
(9) 41,078.81
(10) 71.60
OFFiCIAL USE ONLY
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09/16/2005
OS/27/1915
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1,083,263.33
(IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST AND MIDDLE INITIAL)
ME
~ 1 vo V. Otto lll, Esquire
~ IRM NAME (If applicable)
~ Martson Deardorff W iJliams & Otto
~
ELEPHONE NUMBER
717/243-3341
1. Real Estate (Schedule A)
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2. Stocks and Bonds (Schedule B)
3. Closely Held Corporation, Partnership or Sole-Proprietorship
4. Mortgages & Notes Receivable (Schedule D)
5. Cash, Bank Deposits & Miscellaneous Personal Property
(Schedule E)
6. Jointly Owned Property (Schedule F)
o Separate Billing Requested
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G or L)
8. Total Gross Assets (total Lines 1-7)
9. Funeral Expenses & Administrative Costs (Schedule H)
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I)
(11)
41,150.41
1,042,112.92
11. Total Deductions (total Lines 9 & 10)
12. Net Value of Estate (Line 8 minus Line 11)
(12)
13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been
made (Schedule J)
14. Net Value Subject to Tax (Line 12 minus Line 13)
(13)
(14)
1,042,112.92
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
15.Amount of Line 14 taxable at the spousal tax rate, x .00 (15)
or transfers under Sec. 9116(a)(1.2)
z 1,042,112.92 .045 (16)
0 16.Amount of Line 14 taxable at lineal rate x
~
~
5 (17)
~ 17. Amount of Line 14 taxable at sibling rate x .12
15
u
~ 18. Amount of Line 14 taxable at collateral rate x .15 (18)
19. Tax Due (19)
46,895.08
CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
46,895.08
20. D
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Copyright 2000 form software only The Lackner Group, Inc.
Form REV-1500 EX (Rev. 6-00)
Decedent's Complete Address:
STREET ADDRESS
442 Walnut Bottom Road
CITY
Carlisle
ISTATE PA
IZIP 17013
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
8. Prior Payments
C. Discount
(1)
46,895.08
2,344.75
Total Credits (A + B + C)
(2)
2,344.75
3. InteresUPenalty if applicable
D. Interest
E. Penalty
TotallnteresUPenalty (0 + E)
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
5. If Line 1 + Line 3 is greater than Line 2. enter the difference. This is the TAX DUE.
A. Enter the interest on the tax due.
S. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
(3) 0.00
(4)
(5) 44,550.33
(5A)
(5B) 44,550.33
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:
a. retain the use or income of the property transferred;..................................................................................
b. retain the right to designate who shall use the property transferred or its income;....................................
c. retain a reversionary interest; or..................................................................................................................
d. receive the promise for life of either payments, benefits or care? ..............................................................
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration? .......................................................................................................................
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .........
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ......................................................................................................................
'~ I
~ D
D ~
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.
DATE
3514 Wood Pile Court
Alexandria, VA 22310
Pec..-t...- I Zoo 5"
ATE
/2/;3/05"
DATE
51
ADDRESS
ADDRESS
Ten East Higl) Street
Carlisle, PA 17013
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) (ill.
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0%
[72 P.S. ~9116 (a) (1.1) (Ii)]. The statute does not exemot 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. S9116 (a) (1.3)]. A sibling is defined.
under Section 9102, as an Individual who has at least one parent in common with the decedent, whether by blood or adoption.
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SCHEDULE B
STOCKS & BONDS
COMMONWEAlTHOFPENNSYLVAN~
IIIHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
AUX, GEORGE W
I FILE NUMBER
21 - 05 - 00848
All property jolntly-owned with right of survivorship must be disclosed on Schedule F.
ITEM DESCRIPTION UNIT VALUE VALUE AT DATE OF
NUMBER DEATH
1 Smith Barney Citigroup Acct 724-13876-17, investments shown on Exhibit B-1, 971,741.81
attached
2 Smith Barney Citigroup Acct 724-13876-17, bonds shown on Exhibit B-2, attached 15,599.52
TOTAL (Also enter on line 2, Recapitulation) 987,341,33
.
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
AUX, GEORGE W
I FILE NUMBER
21 - 05 - 00848
Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of
survivorship must be disclosed on schedule F.
ITEM
NUMBER
I
DESCRIPTION
VALUE AT DATE OF
DEATH
38,957.06
M&T Bank, Checking Account No. 474266
2
MBNA Bank, Certificate of Deposit No. 40-852843-2
25,498.17
3
Audiologic Consultants, refund
10.00
4
Thomwald Nursing Home, refund
3,221.38
5
Maxine H. Aux Trust. accrued income
4,235.39
TOTAL (Also enter on Line 5, Recapitulation)
71 ,922.00
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SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
AUX, GEORGE W
FILE NUMBER
21 - 05 - 00848
This schedule must be comDleted and filed if the answer to any of auestions 1 throuah 4 on Daae 2 is vas.
ITEM DESCRIPTION OF PROPERTY DATE OF DEATH %OF
NUMBER Include the name of the transferee. their relationship to decedent and the date of transfer. VALUE OF ASSET DECD'S EXCLUSION TAXABLE VALUE
Attach a copy of the deed fcxreal estate. INTEREST (IF APPLICABLE)
1 Cash gift to George W. Aux, Jr., son, 07/05, $11,000,00 11 ,000.00 100% 3,000.00 8,000.00
2 Cash gift to James R. Aux, son, 07/05, $11,000.00 11,000.00 100% 3,000.00 8,000.00
3 Cash gift to Stephen Aux, grandson, 07/05, $11,000.00 11,000.00 100% 3,000.00 8,000.00
TOTAL (Also enter on line 7, Recapitulation) 24,000.00
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SCHEDULEH
FUNERAL EXPENSES &
ADMINISTRA11VE COSTS
COMMONWEALTH OF PENNSYlVANIA
tlHERlTANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
AUX, GEORGE W
I FILE NUMBER
21 - 05 - 00848
Debts of decedent must be reported on Schedule I.
ITEM DESCRIPTION AMOUNT
NUMBER
A. FUNERAL EXPENSES:
1 Hoffman-Roth Funeral Home, Carlisle, P A 2,695.75
2 Memorial and ftmeral service receptions 248.51
3 Air fare for family to attend funeral services 350.00
4 U.S. Army War College Chapel, memorial 500.00
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Social Security Number(s) I EIN Number of Personal Representative(s):
Street Address
City Slate - Zip
Year(s) Commission paid
2. Attorney's Fees Martson Deardorff Williams & Otto (estimated) 35,000.00
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
City Slate Zip
Relationship of Claimant to Decedent
4. Probate Fees Register of Wills, Cnmberland County 464.00
5. Accountant's Fees
6. Tax Return Preparer's Fees
7. Other Administrative Costs
1 Register of Wills, Additional probate fee 300.00
2 Register of Wills, inheritance tax retnm filing fee 15.00
Total of Continuation Schedule(s) 1,505.55
TOTAL (Also enter on line 9, Recapitulation) 41,078.81
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Sc:tlecUe H
FlI1l!I'lII ExpenS'9S &
Ad ,Ii lb1ldli..a Costs continued
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
AUX, GEORGE W
I FILE NUMBER
21 - 05 - 00848
3
EVP Systems, stock valuation report fee
63.55
4
George W. Aux, Jr., reimbursement for postage for estate administration
7.00
5
George W. Aux, Jr., reimbursement for telephone tolls
10.00
6
George W. Aux, Jr., reimbursement for mileage for trips for funeral and memorial service
preparation and estate administration
925.00
7
Reserved for filing fee for Account; investment account management fees, and filing fees
500.00
Page 2 of Schedule H
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COMMONWEALTH OF PENNSYlVANIA
INHERITANCe TAX RETURN
RESIDENT DEceOENT
SCHEDULE I
DEBTS OF DECEDENT, MORTGAGE
LIABILITIES, & LIENS
ESTATE OF
AUX, GEORGE W
Include unreimbursed medical expenses.
I FILE NUMBER
21 - 05 - 00848
AMOUNT
ITEM
NUMBER
I Pharmerica, account payable
DESCRIPTION
71.60
TOTAL (Also enter on Line 10, Recapitulation)
71.60
REV-1513 EX. (V-OO)
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SCHEDULE J
BENEFICIARIES
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
AUX, GEORGE W
I FILE NUMBER
21 - 05 - 00848
RELATIONSHIP TO AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY _ ~~~EDENT OF ESTATE
I. TAXABLE DISTRIBUTIONS (include outright spousal distributions)
1 George W. Aux, Jf. Son $180,000 specific
3514 Wood Pile Court, Alexandria, VA bequest and one-third
estate residue
2 George W. Aux, Jf. and Manufacturers and Traders Trust Company, Daughter and $180,000 specific
Trustees for benefit of Judith A. Clarkson and issue grandchildren bequest and one-third
estate residue
3 James R. Aux Son One-third estate
635 Mooreland A venue, Carlisle, P A residue
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
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET
Estate Valuation
09/16/2005
09/16/2005
10/27/2005
Date of Death:
Valuation Date:
Processing Date:
1)
2)
3)
4)
5)
6)
Estate of: George W. Aux
Account: SmithBarneyCitigroup 7241387617
Report Type: Date of Death
Number of Securities: 39
File ID: 6250.1.sbc
Shares
or Par
Security
Description
Low/Bid
Mean and/or Div and Int security
Adjustments Accruals Value
High/Ask
700 INGERSOLL-RAND COMPANY LTD (456866102; IR)
CL A
New York Stock Exchange
09/16/2005 39.81000
38.91000 H/L
39.360000
27,552.00
590 ABBOTT LABS (002824100; ABT)
COM
New York Stock Exchange
09/16/2005
43.98000
43.45000 H/L
43.715000
25,791.85
500 ALTRIA GROUP INC (022098103; MO)
COM
New York Stock Exchange
09/16/2005
73 .14000
72.50000 H/L
Div: 0.8 Ex: 09/13/2005 Rec: 09/15/2005 Pay: 10/11/2005
495 AMERICAN EXPRESS CO (025816109; AXP)
COM
New York Stock Exchange
09/16/2005
72.820000
36,410.00
400.00
59.50000
57.72000 H/L
58.610000
29,011.95
485 AMERICAN INTL GROUP INC (026874107; AIG)
COM
New York Stock Exchange
09/16/2005 61.37000
60.78000 H/L
61. 075000
29,621.38
600 BANK OF AMERICA CORPORATION (060505104; RAC)
COM
New York Stock Exchange
09/16/2005 43.69000
42.86000 H/L
43.275000
25,965.00
Div: 0.5 Ex: 08/31/2005 Rec; 09/02/2005 Pay: 09/23/2005
300.00
7) 560 CARNIVAL CORP (143658300; CCL)
PAIRED CTF
New York Stock Exchange
09/16/2005 49.90000 49.00000 H/L
49.450000 27,692.00
8) 575 EXXON MOBIL CORP (30231G102; XOM)
COM
New York Stock Exchange
09/16/2005 63.89000 62.88000 H/L
63.385000 36,446.38
9) 615 FIRST DATA CORP (319963104j FDC)
COM
New York Stock Exchange
09/16/2005 42.68000 41.25000 H/L
41.965000 25,808.48
10) 360 GANNETT INC (364730101j GCI)
COM
New York Stock Exchange
09/16/2005 72 .11000 70.96000 H/L
71.535000 25,752.60
Div; 0.29 Ex: 09/14/2005 Rec: 09/16/2005 Pay: 10/03/2005 104.40
11) 805 GENERAL ELEC CO (369604103; GE)
COM
New York Stock Exchange
09/16/2005 34.58000 34.22000 H/L
34.400000 27,692.00
Page 1
This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.4)
EXHt&,r .13-/
LI/'1J
Date of Death:
Valuation Date:
Processing Date:
09/16/2005
09/16/2005
10/27/2005
Shares
or Par
12)
13)
14)
15)
161
17)
18)
19)
20)
21)
22)
Securi ty
Description
High/ASk
LO....../Bid
1015 HEWLETT PACKARD CO (428236103; HPQ)
COM
New York Stock Exchange
09/16/2005
28.35000
Div: 0.08 Ex: 09/12/2005 Rec: 09/14/2005 Pay: 10/05/2005
27.88000 H/L
680 HOME DEPOT INC (437076102; HD)
COM
New York Stock Exchange
09/16/2005
40.75000
Account:
Estate of: George W. Aux
SmithBarneyCitigroup 7241387617
Report Type: Date of Death
Number of Securities: 39
File ID: 6250.1.sbc
1135 INTEL CORP (458140100; INTC)
COM
NASDAQ - Industrial
09/16/2005
24.92000
39.82000 H/L
24.68000 H/L
79.83000 H/L
64.35000 H/L
61.75000 H/L
Div: 0.45 Ex: 09/07/2005 Rec: 09/09/2005 Pay: 10/04/2005
870 MASCO CORP (574599106; MAS)
COM
New York Stock Exchange
09/16/2005
Mean and/or Div and Int Security
Adjustments Accruals Value
28.115000
28,536.73
285 INTERNATIONAL BUSINESS MACHS (459200101; IBM)
COM
New York Stock Exchange
09/16/2005 80.50000
470 JOHNSON & JOHNSON (478160104; JNJ)
COM
New York Stock Exchange
09/16/2005
65.22000
29.95000 H/L
59.78000 H/L
51. 82000 H/L
82.83000 H/L
520 PEPSICO INC (713448108; PEP)
COM
New York Stock Exchange
09/16/2005
56.05000
Div: 0.26 Ex: 09/07/2005 Rec: 09/09/2005 Pay: 09/30/2005
55.61000 H/L
Page 2
81 20
40.285000
27,393.80
405 KIMBERLY CLARK CORP (494368103; KMB)
COM
New York Stock Exchange
09/16/2005
62.65000
24.800000
28,148.00
30.40000
425 MERRILL LYNCH & CO INC (590188108; MER)
COM
New York Stock Exchange
09/16/2005 60.49000
495 MORGAN STANLEY (617446448; MWD)
COM NEW
New York Stock Exchange
09/16/2005
52.19000
80.165000
22,847.03
345 OMNICOM GROUP INC (681919106; OMC)
COM
New York Stock Exchange
09/16/2005
84.13000
64.785000
30,448.95
62.200000
25,191.00
182.25
30.175000
26,252.25
60.135000
25,557.38
52.005000
25,742.48
83.480000
28,800.60
55.830000
29,031. 60
135.20
This report ......as produced with EstateVal, a product of Estate Valuations & Pricing systems, Inc. If you have questions,
please contact EVP systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.4)
(5-1
(z/ 4 )
Date of Death:
Valuation Date:
Processing Date:
09/16/2005
09/16/2005
10/27/2005
Estate of: George W. Aux
Account: SmithBarneyCitigroup 7241387617
Report Type: Date of Death
Number of Securities: 39
File ID: 6250.1.sbc
23)
Shares
or Par
security
Description
Mean and/or Div and Int security
Adjustments Accruals Value
High/Ask
Low/Bid
24,758.40
24) 505 PROCTER & GAMBLE CO (742718109; PG)
COM
New York Stock Exchange
09/16/2005 56.45000 55.63000 H/L
56.040000 28,300.20
25) 540 UNITEDHEALTH GROUP INC (910581107; UNH)
COM
New York stock Exchange
09/16/2005 54.06000 53.19000 H/L
53.625000 28,957.50
26)
27)
2B)
29)
960 PFIZER INC (717081103i PFE)
COM
New York Stock Exchange
09/16/2005
25.98000
25.60000 H/L
25.790000
525 HAeHOVIA CORP 2ND NEW (929903102i WB)
COM
New York Stock Exchange
09/16/2005 49.74000 48.95000 H/L
49.345000
565 HAL MART STORES INC (931142103 i WMT)
COM
New York Stock Exchange
09/16/2005 44.47000 43.83000 H/L
44.150000
1750 EATON VANCE INS MUN BD FD (27827X101; ElM)
COM
American Stock Exchange
09/16/2005 15.14000 15.10000 H/L
15.120000
1680 MORGAN STANLEY (61745P585i IQM)
QULTY MUN SEeS
New York Stock Exchange
09/16/2005
14.42000
14.350008/L
14.385000
Div: 0.07 Ex: 09/07/2005 Rec: 09/09/2005 Pay: 09/23/2005
30) 645 MORGAN STANLEY (61745P791i IIM)
INSD MUN INCM
New York Stock Exchange
09/16/2005 14.40000 14.31000 H/L
14.355000
Div: 0.0675 Ex: 09/07/2005 Rec: 09/09/2005 Pay: 09/23/2005
31) 1690 NUVEEN PERFORMANCE PLUS MUN FD (67062P108i NPP}
COM
New York Stock Exchange
09/16/2005 15.05000 14.97000 H/L
15.010000
Div: 0.0745 Ex: 09/13/2005 Rec: 09/15/2005 Pay: 10/03/2005
32) B95 NUVEBN PREM INCOME MUN FD (67062TIOOi NPI)
COM
New York stock Exchange
09/16/2005 14.34000 14.28000 H/L
14 .310000
Div: 0.0695 Ex: 09/13/2005 Rec: 09/15/2005 Pay: 10/03/2005
33) BB5 NUVEEN PREM INCOME MUN FD 2 (67063W102i NPM)
COM
New York Stock Exchange
09/16/2005 14.75000 14.67000 H/L
14.710000
Div: 0.071 Ex: 09/13/2005 Rec: 09/15/2005 Pay: 10/03/2005
Page 3
25,906.13
24,944.75
26,460.00
24,166.80
117.60
9,258.98
43.54
25,366.90
125.91
12,807.45
62.20
13,018.35
62.84
This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions,
please contact EVP systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.4)
,B- /
L 3/ L/ )
Date of Death:
Valuation Date:
processing Date:
09/16/2005
09/16/2005
10/27/2005
Estate of: George W. Aux
Account: SmithBarneyCitigroup 7241387617
Report Type: Date of Death
Number of Securities: 39
File ID: 6250.1.sbc
Shares
or Par
securi ty
Description
Low/Bid
Mean and/or Div and Int security
Adjustments Accruals Value
High/ASk
34)
2560 NUVEEN MUN VALUE FD INC (670928100; NUV)
COM
New York stock Exchange
09/16/2005 9.77000
9.68000 H/L
9.725000
Div: 0.039 Ex: 09/13/2005 Rec: 09/15/2005 Pay: 10/03/2005
35) 1760 NUVEEN SELECT QUALITY MUN FO (670973106; NQS)
COM
New York Stock Exchange
09/16/2005 15.41000 15.25000 H/L
15.330000
Div: 0.077 Ex; 09/13/2005 Rec: 09/15/2005 Pay: 10/03/2005
36) 900 NUVEEN QUALITY INCOME MUN FD (670977107; NQU)
COM
New York Stock Exchange
09/16/2005 14 .84000 14.66000 H/L
14.750000
Div; 0.07 Ex: 09/13/2005 Rec: 09/15/2005 Pay: 10/03/2005
37) 1710 NUVEEN INSD MUN OPPORTUNITY FO (670984103; NIO)
COM
New York Stock Exchange
09/16/2005 15. 18000 15.10000 H/L
15.140000
Div: 0.071 Ex: 09/13/2005 Rec: 09/15/2005 Pay: 10/03/2005
38) 870 NUVEEN PREMIER MUN INCOME FO (670988104; NPF)
COM
New York Stock Exchange
09/16/2005 14.03000 13.93000 H/L
13 . 980000
Div: 0.066 Ex: 09/13/2005 Rec: 09/15/2005 Pay: 10/03/2005
39) 262 NATIONAL WESTMINSTER BK PLC (638539809; NWXPRA)
CAP A EX7.875%
New York Stock Exchange
09/16/2005 26.05000 25.91000 H/L
25.980000
Total Value:
Total Accrual:
Total: $971,741.81
Page 4
24,896.00
99.84
26,980.80
135.52
13,275.00
63.00
25,889.40
121.41
12,162.60
57.42
6,806.76
$969,649.48
$2,092.33
produced with EstateVal, a product of Estate Valuations & Pricing systems, Inc. If you have questions,
please contact EVP systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.4)
,6-1
(~/~ )
This report was
Estate Valuation
Bonds
Date of Death:
valuation Date:
Processing Date:
09/16/2005
09(16(2005
10/27/2005
Shares
or Par
Security
Description
Low/Bid
High/Ask
1) 10000 ALLEGHENY CNTY PA HOSP DEV AUT HEALTH CA (01728AKS4)
Financial Times Interactive Data
DTD: 12/01/1995 Mat: 12/01/2025 5.175%
09/16/2005 102.20100 Mkt
Int: 06/01/2005 to 09/16/2005
5000 MONTGOMERY CNTY FA INDL DEV AU REV BDS (613611AAO)
Financial Times Interactive Data
OTD: 06/01/1999 Mat: 06/01/2029 5.05%
09/16/2005 102.98000 Mkt
2)
Int: 06/01/2005 to 09/16/2005
Total Value:
Total Accrual:
Total: $15,599.52
page 1
Estate of: George W. Aux
Account: SBC-7241387617
Report Type: Date of Death
Number of Securities: 2
File In: 6250.1.sbc.bonds
Mean and/or Div and Int
Adjustments Accruals
102.201000
102.980000
156.77
73.65
$230.42
security
Value
10,220.10
5,149.00
$15,369.10
EXHIS/T
B-2
This report was produced with EstateVa1, a product of Estate Valuations & Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.4)
/
'"'JrJ <L I i3~<:.-
co
_ STFD 1
96 OP EBRN
COlD
ACCT
STMT
ACTI ON
PROD CODE DDA
CURR CODE
ACTN POST EFFECTIVE
TRACE ID
.. 08/03
I-GEN105080300000681
.. 08/03
I-GEN105080300000682
.. 08/18
5430605793
.. 08/19
5430916534
.. 08/23
5361113422
.. 09/01
020052412189274
.. 09/01
020052381503954
.. 09/01
020052433226868
- --- - -
TRACE 10
.. 09/02
THF TRANSACTION STMT FORMAT 05/09/27 10.47.57
MS 50852 ACTION COMPLETE
474266 SHORT NAME AUX GEORGE W
PAGE 2 SEARCH FROM 105/07/05 THRU
CHECK NUMBER TRAN AMOUNT D/C
DESCRIPTION
105/09/27
BALANCE
4.13
C
47,555.65
INTEREST PAYMENT
1.00 0
FEE FOR CHECK RETURN OPTION
8585 71.60 0
CHECK NUMBER 8585
8586 6,973.00
CHECK NUMBER 8586
8587
CHECK NUMBER
47,554.65
47,483.05
o
40,510.05
42.00
o
40,468.05
8587
4,643.95
DFAS-CLEVELAND RET NET
466.00
US TREASURY 220 VA BENEFIT
27.29 C
MUT-L OF AMERICA CRS-GBS SY
DESCRIPTION
C
45,112.00
C
45,578.00
45,605.29
756.00
SOC SEC
3.65
C
46,361.29
46,364.94
020052433166428 US TREASURY 303
.. 09/02
I-GEN105090200001280
.. 09/02
I-GEN105090200001281
09/13
5364859678
09/13
5514566818
09/14
09/14
5143899924
5436387399
09/27
I-GEN1050927f2Jf2J00f2J001
TRACE 10
09/27
MOWBKP99
C
INTEREST PAYMENT
1.00 0
FEE FOR CHECK RETURN OPTION
8590 500. 00 0
CHECK NUMBER 8590
8588
CHECK NUMBER
8589
CHECK NUMBER
8591
CHECK NUMBER 8591
46,363.94
45,863.94
15.00
o
45,848.94
8588
6,798.52
8589
o
39,050.42
(38,955. 76~ .
38,958.55f~
94.66
o
2.79
C
INTEREST PAYMENT
DESCRIPTION
27f2J436799 38,958.55
CLOSEOUT
o
.00
PF: 1-HELP 3-PLVL 6-INQ 7-SB 8-SF 9-ASUM 11-CUTO -STSM
SC-#. t:);:L..J.e........)
AtBN~
A MER I C A"'
October 24, 2005
Corrine L. Myers, Esq.
MDW&O
10 E. High Street
Carlisle, P A 17013
Subject: Estate of George W. Aux
Dear Ms. Myers;
We recently received your request to provide the date-of-death balance for the below-referenced account.
The information that you requested is as follows;
Account Type of Account Date of Death Accrued Interest Account Registration
Number Balance as of Included in
Sentember 16,2005 Balance
408528432 Certificate of Deposit $25,498.17 $47.83 Co!. George W. Aux
If you have any questions, please telephone Nancy Ballach directly at 1-800-441-7048, extension 78950,
Monday through Friday 8 a.m. to 5 p.m. (Eastern time). If you prefer, you may write to P.O. Box 15103,
Wilmington, DE 19850-5103.
Sin~e~~ 6~
Nancy J. Ballacli
Deposit Services department
SCH. E ,.:r.~ 2.
850-801
hFILES\OA T AFlLE\Estate Planning\6250-I.h.will.2004
jrr;. ('-;:.~\ r2~ 10. rr
I; . ~,J",; . ,; :"," , ;~:.') \U'?
\"'::.:'"~...:..- --
LAST WILL AND TESTAMENT
I, GEORGE W. A UX, of the Borough of Carlisle, Cumberland County, Pennsylvania,
being of sound and disposing mind and memory, do hereby make, publish and declare this
to be my Last Will and Testament, hereby revoking any and all former Wills or Codicils
made by me.
ITEM ONE
I direct that all my legally enforceable debts, funeral expenses, testamentary expenses
and all inheritance taxes shall be paid to the extent possible from those assets held or passing
under ITEM FOUR hereof as soon as practicable after my decease and as part of the
administration of my estate. I further direct that, as I have served in the Armed Forces of the
United States, my Executor shall consult the legal assistance officer at the nearest military
installation to ascertain ifthere are any benefits to which my dependents are entitled by virtue
of my military affiliation at the time of my death. Regardless of my military status at the time
of my death, I direct my Executor to consult with the nearest Veterans' Administration and
Social Security Administration Office to ascertain if there are any benefits to which my
dependents may be entitled. Finally, I direct that my Executor contact the Army and Air
Force Mutual Aid Association for further assistance to determine benefits to which my
dependents and/or heirs may be entitled.
ITEM TWO
I give all of my personal and household effects, automobiles, boats and collections,
if any, and any insurance policies thereon, to my children who so survive me to be divided
equally among them as they agree. My Executor shall sell any property as to which there is
no such agreement within sixty (60) days after the admission of this Last Will and Testament
to probate and shall add the proceeds to the residue of my estate.
ITEM THREE
I give such items of personalty as are itemized in a certain list attached hereto to the
~
G.W.A.
Page 1 of 8 Pages
persons named thereon, which list is signed and dated by me at the end thereof.
ITEM FOUR
I make the following specific bequests:
A. I give, devise and bequeath the sum of $180,000.00 to my son,
GEORGE W. AUX, JR.; and
B. I give, devise and bequeath the sum of $180,000.00 to my daughter,
nJDITH A. CLARKSON, provided however, that such bequest shall be held by my
Trustee in accordance with the terms ofITEM FIVE, A, land 2 hereunder.
ITEM FIVE
A. I give, devise and bequeath all the rest, residue and remainder of my estate,
both real and personal property, in three (3) shares. One such share shall be distributed
absolutely to my son, GEORGE W. AUX, JR. One such share shall be distributed absolutely
to my son, JAMES R. AUX. The third such share shall be held by my Trustees in trust for
my daughter, JUDITH A. CLARKSON, under the following terms and conditions:
1. My Trustees shall pay the net income, at least quarter-annually, to my
said daughter, JUDITH A. CLARKSON, for her life.
2. Upon the death of my said daughter, JUDITH A. CLARKSON, my
Trustees shall continue to hold the principal of such trust for the benefit of her
children, DAVID C. MANOOGIAN and LA WRENCE CLARKSON, in equal shares.
I direct that each of said grandchildren, DAVID C. MANOOGIAN and LAWRENCE
CLARKSON, shall have the right of withdrawal of his equal share of the principal
and any accumulated income of said trust as each attains the age of thirty (30) years.
B. In the event that any of my said children shall fail to survive me, but
shall leave issue surviving, then such deceased child's share shall be held by my
Trustees and the net income therefrom shall be used for the support, maintenance and
education of the issue of such deceased child. My Trustees shall use as much of the
principal as they shall deem desirable for said purposes. My Trustees shall distribute
r
G.W.A.
Page 2 of 8 Pages
absolutely the principal of such share of such deceased child to the issue of such
deceased child per stirpes as each shall attain the age of thirty (30) years.
C. In the event that any of my children shall fail to survive me and not leave issue
surviving, then such deceased child's share shall be added to the shares of my other children
as if originally a part thereof.
D. Notwithstanding any other provisions to the contrary, in no event shall any
share be distributed to any beneficiary later than twenty (20) years after my death.
ITEM SIX
POWERS OF EXECUTOR AND TRUSTEES
In addition to the powers conferred by case law, by statute, and by other provisions
hereof, my Executor and Trustees and their successors, shall have the following discretionary
powers applicable to all property held by them which powers shall be effective without order
of any court and shall exist until final distribution:
A. To retain any property of any nature received by them for whatever period they
shall deem advisable;
B. To invest and reinvest all or any part of said property in such stocks, bonds,
securities or other property, real or personal, as in their discretion they shall deem proper,
without regard to statutes limiting the property which a fiduciary may purchase;
C. To sell, transfer, exchange or otherwise dispose of, any part of said property,
for cash or on terms, publicly or privately, or to lease, even for a term exceeding five (5)
years or the duration of any trust herein, without liability on the purchasers or lessees to see
to the application of the proceeds, and to give options for these purchases without the
obligation to repudiate them in favor of a higher offer;
D. To execute and deliver any deeds, leases, assignments or other instruments as
may be necessary to carry out the provisions of any trust hereunder;
E. To borrow money, including the right to borrow money from any bank and to
mortgage or pledge any asset of the estate as security;
Y'
G.W.A.
Page 3 of 8 Pages
F. To assume continuance of the status of any beneficiary with regard to death,
marriage, divorce, illness, incapacity and the like in the absence of information deemed
reliable without liability for disbursements made on such assumption;
G. To pay from the trust, or the income therefrom, all debts or claims against my
estate, or any taxes or similar charges on my estate;
H. To make any distribution hereunder either in kind or in money, or partially in
kind and partially in money. Distribution in kind shall be made at the market value of the
property distributed, and my Trustees, in their absolute discretion, may cause the share
distributed to any distributee to be composed of property similar to or different from that
distributed to any other distributee;
I. To exercise any subscription right in connection with any security held
hereunder, to consent to or participate in any recapitalization, reorganization, consolidation
or merger of any corporation, company or association, the securities of which may be held
hereunder, to delegate authority with respect thereto, to deposit investments under
agreements, to pay assessments, and generally to exercise all rights of investors;
J. To invest in endowment, insurance or annuity policies on the lives of
beneficiaries of any trust hereunder;
K. To continue in any partnership, joint venture, j oint ownership or other business
enterprise of which I am a part at the time of my death;
L. To compromise claims;
M. To continue for whatever period of time as they shall deem necessary any
ownership as a tenant in common or as a partner, in real estate or other property and to act
as I could have done had I been living;
N. To lend money to my estate or to any trust created hereunder or to purchase
from the estate or from any trust created hereunder, at the market value thereof at the time
of purchase, any securities or other property tendered to them by my estate or any trust
created hereunder at any time and from time to time within a period of nine (9) months after
~
G.W.A.
Page 4 0[8 Pages
my death;
O. In the event that any amounts are payable hereunder or under any trust created
hereunder to a minor, or to a person otherwise under legal disability, or to a person not
adjudicated incompetent, but who, by reason of illness or mental or physical disability is, in
the opinion of fiduciary(ies) hereunder, unable to properly administer such amounts, such
amounts may be paid by the fiduciary( ies) hereunder in his, her or their sole discretion in any
of the following ways as he, she or they may deem best:
(I) Directly to such beneficiary;
(2) To a legally appointed guardian of such beneficiary for the benefit of
such beneficiary;
(3) To a person having custody of such beneficiary for the benefit of such
beneficiary;
(4) By the fiduciary(ies) hereunder using such amounts directly to the
benefit of such beneficiary.
P. To employ agents, attorneys and proxies and to delegate to them such power
as my personal representatives and Trustees consider desirable and to pay reasonable
compensation for such services as may be rendered by such agents, attorneys and proxies;
Q. To conduct an inventory of any safe deposit box necessary to the administration
of my estate.
R. To do all other acts in their judgment necessary or desirable for the proper
management, investment and distribution of my Estate.
ITEM SEVEN
PROTECTIVE PROVISIONS
All income or principal held for the use and benefit of the beneficiaries of any trust
hereunder shall not be in any way or manner subject to anticipation, assignment, pledge, sale
or transfer, nor shall any such interest, while in the possession of my Trustees, be liable for
or subject to the debts, contracts, obligations, liabilities or torts of any beneficiary, or to
~.
Page 5 of 8 Pages
attachments, executions or sequestrations under process oflaw.
ITEM EIGHT
APPOINTMENT OF EXECUTOR AND TRUSTEES
I nominate, constitute and appoint my son, GEORGE W. AUX, JR., as Executor of
my estate. In the event that my said son shall predecease me or fail to act or continue to act
as Executor, then I appoint my son, JAMES R. AUX, as Executor of my estate.
I hereby appoint my son, GEORGE W. AUX, JR., and MANUFACTURERS AND
TRADERS TRUST COMPANY, a New York banking corporation, of Carlisle,
Pennsylvania, as co- Trustees of any trust created hereunder. In the event that my son,
GEORGE W. AUX, JR., shall fail or be unwilling to act or continue to act as co-Trustee,
then I appoint my son, JAMES R. AUX, to act as co-Trustee of any trust created hereunder.
A majority of all income beneficiaries of the trust or trusts created under this Will may
from time to time remove any corporate trustee then acting for reasonable cause and
substitute another corporate trustee; provided, however, that such successor corporate trustee
shall not be a related or subordinate to anyone or more of the beneficiaries hereunder within
the meaning ofIntemal Revenue Code S672( c) or successor provisions. When the removed
corporate trustee has received written notice of its removal and has been notified in writing
by its successor corporate trustee of the latter's acceptance, the removed corporate trustee
shall surrender all books, records, and assets in its possession comprising any portion of the
trust or relating to the trust. In no event shall the removed corporate trustee charge a
"termination fee" based on a percentage of trust assets as a result of such removal but shall
be entitled only to charge such fee as fairly represents the cost of any accounting required by
the beneficiaries or successor corporate trustee as part of such removal and substitution. The
removed corporate trustee shall not be relieved of liability until its successor has qualified
and the removed trustee's accounting, if applicable, has been settled or the beneficiaries and
successor corporate trustee have otherwise accepted an account stated in lieu of a formal
accounting. As used in this paragraph, the term "reasonable cause" includes, but is not
~
G.W.A.
Page 6 of 8 Pages
limited to: (1) poor investment performance, (2) the removal of all current income
beneficiaries from the state in which the corporate trustee is licensed to conduct business as
a corporate trustee, (3) inattention to the reasonable needs of the beneficiaries, (4) lack of
communication between trustee and beneficiaries, (5) inaccurate or unclear transaction
statements or statements of account, (6) conflicts between the corporate trustee and the
beneficiaries, (7) merger, acquisition or deteriorating financial condition of the corporate
trustee, or (8) high turnover of account officers assigned to any trust under this Will.
ITEM NINE
WAIVER OF BOND
I direct that neither my Executor nor my Trustees shall be required to file any bond
in any jurisdiction to secure the faithful performance of their duties, nor shall they be
required to obtain any order or approval of any court for the exercise of any power or
discretion set forth in this Will.
IN WITNESS WHEREOF I have hereunto set my hand and seal this If" day of
)J-t , 2004.
'" .& w. /J.A
I ,
George W. Aux
(SEAL)
SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testator,
as and for his Last Will and Testament, in the presence of us, who at his request, have
hereunto subscribed our names as witnesses thereto, in the presence of the said Testator and
of each other.
nrL~l&-&{!. ilufr//1 -'"
/"
C:"ck,~ nhk
Page 7 of8 Pages
COMMONWEALTH OF PENNSYLVANIA )
: SS.
COUNTY OF CUMBERLAND )
We,GeorgeW.Aux,JtUrul,,,,, A. ot'~ ,and \/,i+r!t.(~, 1.... Dfu
the Testator and the witnesses, respectively, whose names are signed to the foregoing
instrument, being first duly sworn, do hereby declare to the undersigned authority that the
Testator signed and executed the instrument as his last Will and that the Testator has signed
willingly, and that the Testator executed it as his free and voluntary act for the purposes
therein expressed, and that each of the witnesses, in the presence and hearing of the Testator,
signed the Will as a witness and that to the best ofhislher knowledge the Testator was at that
time eighteen years of age or older, of sound mind and under no constraint or undue
influence.
h I<JI'~
George W. Aux, Testator
~A k/ (/. ~dw~
1~~AilZ
Witness
Subscribed, sworn to and acknowledged before me by George W. Aux, the Testator,
and subscribed and sworn to before me by SAC O/l;'~ .A.. b ~clsz.r and
V I t.-.fvr,:' L. 0 fuj , the witnesses, this 1:5 rl. day of J.J (f
2."D,+ .
~~~~~
NOTARIAL SEAL
CORRINE L. MYERS, NOTARY PUBLIC
CARLISLE BORO, COUNTY OF CUMBERLAND
MY COMMISSION EXPIRES MAY 27, 2007
Page 8 of 8 Pages
CO'~MONWEAlTH OF PENNSYLVANIA
. ".. DE~RTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPT. 280601
HARRISBURG, PA 17128-0601
RECEIVED FROM:
PENNSYLVANIA
INHERITANCE AND ESTATE TAX
OFFICIAL RECEIPT
AUX GEORGE W JR
3514 WOOD PILE COURT
ALEXANDRIA, VA 22310
_nn_n fold
ESTATE INFORMATION: SSN: 577-52-3897
FILE NUMBER: 2105-0848
DECEDENT NAME: AUX GEORGE W SR
DA TE OF PAYMENT: 12/13/2005
POSTMARK DATE: 12/13/2005
COUNTY: CUMBERLAND
DATE OF DEATH: 09/16/2005
REMARKS: G AUX
CHECK# 95
SEAL
ACN
ASSESSMENT
CONTROL
NUMBER
101
TOTAL AMOUNT PAID:
INITIALS: VZ
RECEIVED BY:
REGISTER OF WILLS
REV-1162 EX(11-96)
NO. CD 006097
AMOUNT
--------
I $44,550.33
I
I
I
I
I
I
I
I
$44,550.33
GLENDA FARNER STRASBAUGH
REGISTER OF WILLS