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HomeMy WebLinkAbout04-18-06 (2) REV-1500 EX (6-00) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT OFFICIAL USE ONLY FILE NUMBER ~~-.sL\:. COlMY CODE YEAR ~--1l~_ MJMBER z o ~ ~ ~ a. ~ o u ~ STF PA42021F.1 I- Z W C W U w C DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) Clifford F. Schoole DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) SOCIAL SECURITY NUMBER 173.07.4735 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER 06.12.05 03.22.1914 (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) w I- ~~U) UO:::~ wll.U Iaa uO:::-l Il.a:l Il. <( [1g 1. Original Return o 4. Umited Estate o 6. Decedent Died Testate (Attach copy of Will) o 9. Utigation Proceeds Received o 2. Supplemental Return o 4a. Future Interest Compromise (date of death after 12-12-82) o 7. Decedent Maintained a Uving Trust (Attach copy of Trust) o 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) o 3. Remainder Return (date of death prior 10 12-13-82) o 5. Federal Estate Tax Return Required _ 8. Total Number of Safe Deposit Boxes o 11. Election to tax under Sec. 9113(A) (AltachSchO) I- Z W o z a Il. (fJ w 0::: 0::: a u NAME COMPLETE MAILING ADDRESS Frank H. Kell , EA Kelly Financial services, Inc. ~~~-r'OfA'i~~ncial Services, Inc. 400 Bridge Street, Suite #4 TELEPHONE NUMBER New Cumberland, PA 1 7070 717.774.7536 1. Real Estate (Schedule A) 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 ONned 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. Total Deductions (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Governmental Beql,lests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) z o ~ ~ I- a: <( u w 0:: 14. Net Value Subject to Tax (Line 12 minus Line 13) SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) 16. Amount of Line 14 taxable at lineal rate 17. Amount of Line 14 taxable at sibling rate 18. Amount of Line 14 taxable at collateral rate 19. Tax Due 20.0 (1 ) (2) (3) (4) (5) o o o o 56,556 OFFICIAL USE ONLY (6) 1,971 (7) o ~.~'-" (9) (8) 10,417 o 58,527 (10) (11) (12) (13) 10,417 48,110 1,000 (14) 47,110 X.O_ (15) 0 4 7 , 11 0 X .&=-.:2 (16) 1,884 X .12 (17) 0 X .15 (18) 0 (19) 1,884 pt. Decedent's Complete Address: STREET ADDRESS 2 4 5 Glenn Road CITY . 11 I STATE PA I ZIP 1 7 0 7 0 Camp Hl Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit 8. Prior Payments C. Discount (1 ) 1,884 3. InteresUPenalty if applicable D. Interest E. Penalty Total Credits (A + 8 + C) (2) o TotallnteresUPenalty (0 + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 Line 20 to request a refund (4) 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) o A. Enter the interest on the tax due. o 1,884 (5A) 8. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (58) Make Check Payable to: REGISTER OF WILLS, AGENT 1,884 PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred; ........................................ 0 [XJ b. retain the right to designate who shall use the property transferred or its income; . . . . . . . . . . . . . . . . . " 0 ~ c. retain a reversionary interest; or . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . " 0 [XJ d. receive the promise for life of either payments, benefits or care? '" . . . . . . . . . . . . . . . . . . . . . . . . . . .. 0 ~ 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 0 [XJ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? . . . .. IX] 0 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. IX] 0 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 accompan~ng schedules and statemeris, and to the best of my kl10Nledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGN RE OF PERSON R PONSI8LE FOR FILING RETURN DATE ADDRESS 245 Glenn Road, Camp Hill, PA 17011 SIGN RE OF PREPARER OTHER THAN REPRESENTATIVE DATE 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 oftransfers 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. F or dates of death on or after July 1,' 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0% [72 P.S. ~9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P. S. ~9116( 1.2) [72 P. S. ~9116(a)( 1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. ~9116(aX1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. STF PA42021F.2 REV-1502 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE ESTATE OF FILE NUMBER Clifford F. Schoole All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION VALUE AT DATE OF DEATH None STF PA42021F.3 TOTAL (Also enter on line 1, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) o I REV-1503 EX + (1-97) (I) COMMONWEALTH OF PENNSYlVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF Clifford F. Schooley All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION FILE NUMBER 1. None VALUE AT DATE OF DEATH STF PA42021FA TOTAL (Also enter on line 2, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) o - REV-1504 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE C CLOSELY-HELD CORPORATION, PARTNERSHIP or SOLE-PROPRIETORSHIP ESTATE OF Clifford F. Schooley FILE NUMBER 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 NUMBER 1. DESCRIPTION VALUE AT DATE OF DEATH None STF PA42021F.5 TOTAL (Also enter on line 3, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) o - REV-1505 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE C-1 CLOSELY-HELD CORPORATE STOCK INFORMATION REPORT ESTATE OF Clifford F. Schooley FILE NUMBER 1. Name of Corporation None Address City 2. Federal Employer 1.0. Number 3. Type of Business State of Incorporation Date of Incorporation Total Number of Shareholders Business Reporting Year Zip Code State ProducUService 4. TYPE TOTAL NUMBER OF NUMBER OF SHARES VALUE OF THE STOCK Voting / Non-Voting SHARES OUTSTANDING PAR VALUE OWNED BY THE DECEDENT DECEDENT'S STOCK Common $ Preferred $ Provide all rights and restrictions pertaining to each class of stock. 5. Was the decedent employed by the Corporation? Dyes DNo If yes, Position 6. Was the Corporation indebted to the decedent? If yes, provide amount of indebtedness $ 7. Was there life insurance payable to the corporation upon the death of the decedent? Dyes Annual Salary $ DNo Time Devoted to Business If yes, Cash Surrender Value $ Owner of the policy 8. Did the decedent sell or transfer stock of this company within one year prior to death or within two years if the date of death was prior to 12-31-82? Dyes DNo If yes, DTransfer DSale Number of Shares Dyes DNo Net proceeds payable $ Transferee or Purchaser Attach a separate sheet for additional transfers and/or sales. Consideration $ Date 9. Was there a written shareholder's agreement in effect at the time of the decedent's death? If yes, provide a copy of the agreement. Dyes DNo 10. Was the decedent's stock sold? DYes DNo If yes, provide a copy of the agreement of sale, etc. 11. Was the corporation dissolved or liquidated after the decedent's death? Dyes DNo If yes, provide a breakdown of distributions received by the estate, including dates and amounts received. 12. Did the corporation have an interest in other corporations or partnerships? Dyes DNo If yes, report the necessary information on a separate sheet, including a Schedule C-1 or C-2 for each interest. A. Detailed calculations used in the valuation of the decedent's stock. B. Complete copies of financial statements or Federal Corporate Income Tax returns (Form 1120) for the year of death and 4 preceding years. C. If the corporation owned real estate, submit a list showing the complete address/es and estimated fair market value/s. If real estate appraisals have been secured, attach copies. D. List of principal stockholders at the date of death, number of shares held and their relationship to the decedent. E. List of officers, their salaries, bonuses and any other benefits received from the corporation. F. Statement of dividends paid each year. List those declared and unpaid. G. Any other information relating to the valuation of the decedent's stock. STF PA42021F.6 REV-1506 EX + (1-97) (/) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE C-2 PARTNERSHIP INFORMATION REPORT ESTATE OF Clifford F. Schooley FILE NUMBER 1. Name of Partnership None Address City 2. Federal Employer 1.0. Number 3. Type of Business Product/Service 4. Decedent was a D General D Limited partner. If decedent was a limited partner, provide initial investment $ Date Business Commenced Business Reporting Year State Zip Code 5. PERCENT OF PERCENT OF BALANCE OF PARTNER NAME INCOME OWNERSHIP CAPITAL ACCOUNT A. B. C. D. 6. Value of the decedent's interest $ 7. Was the Partnership indebted to the decedent? 0 Yes 0 No If yes, provide amount of indebtedness $ 8. Was there life insurance payable to the partnership upon the death of the decedent? Dyes 0 No If yes, Cash Surrender Value $ Net proceeds payable $ Owner of the policy 9. Did the decedent sell or transfer an interest in this partnership within one year prior to death or within two years if the date of death was prior to 12-31-82? Dyes D No If yes, D Transfer D Sale Percentage transferred/sold Transferee or Purchaser Consideration $ Date Attach a separate sheet for additional transfers and/or sales. 10. Was there a written partnership agreement in effect at the time of the decedent's death? If yes, provide a copy of the agreement. 11. Was the decedent's partnership interest sold? Dyes 0 No If yes, provide a copy of the agreement of sale, etc. 12. Was the partnership dissolved or liquidated after the decedent's death? Dyes DNo Dyes DNo If yes, provide a breakdown of distributions received by the estate, including dates and amounts received. 13. Was the decedent related to any of the partners? Dyes DNa If yes, explain 14. Did the partnership have an interest in other corporations or partnerships? Dyes DNa If yes, report the necessary information on a separate sheet, including a Schedule C-1 or C-2 for each interest. A. Detailed calculations used in the valuation of the decedent's partnership interest. B. Complete copies of financial statements or Federal Partnership Income Tax returns (Form 1065) for the year of death and 4 preceding years. C. If the partnership owned real estate, submit a list showing the complete address/es and estimated fair market value/s. If real estate appraisals have been secured, attach copies. D. Any other information relating to the valuation of the decedent's partnership interest. STF PA42021 F.7 REV-1507 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE D MORTGAGES & NOTES RECEIVABLE ESTATE OF Clifford F. Schooley FILE NUMBER All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION 1. None VALUE AT DATE OF DEATH STF PA42021F.8 TOTAL (Also enter on line 4, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) o REV-1508 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF Clifford F. Schooley FILE NUMBER Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. 2 . Wachovia Bank - Burial Account Annuity - Bankers Casualty & Life Insurance Company benefit continued after death to Jerry Mattern _ son-in-law and Sandra mattern - daughter - both get a monthly annuity check for $703 per month each. The present value of the funds as calculated equals the taxable amount listed. Calculatin as follows: Monthly Check 703 x 2 = 1406 x 36 months = 50616 a present value calculation at 5% - 46912 9/644 46/912 STF PA42021F.9 TOTAL (Also enter on line 5, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 56/556 REV-1509 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE F JOINTLY-OWNED PROPERTY ESTATE OF Clifford F. Schooley If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. FILE NUMBER SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO DECEDENT A. Sandra Mattern 245 Glenn Road Camp Hill PA 17011 Daughter B. c. JOINTLY-OWNED PROPERTY: LETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM FOR JOINT MADE Inclt..de name of financial instibiion and bank accolllt flJrOOer or similar ideriifying runber. DATE OF DEATH DECD'S VALUE OF NUMBER TENANT JOINT Attach deed for joirily-t'eld real estate. VALUE OF ASSET INTEREST DECEDENTS INTEREST 1. A. Commerce Bank account 3,942 50 1,971 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTAL (Also enter on line 6, Recapitulation) $ 1,971 STF PA42021 F.1 0 (If more space is needed, insert additional sheets of the same size) REV-1510 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY ESTATE OF Clifford F. Schooley FILE NUMBER 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. DESCRIPTION OF PROPERTY %OF ITEM It-.CLUDE HE NAME OF H-E TRANSFEREE, H-EIR RELATIONSHIP TO DECEDENT AND H-E DATE DATE OF DEATH DECD'S EXCLUSION TAXABLE VALUE NUMBER OF TRANSFER. ATTACH A COPY OF HE DEED FOR REAl ESTATE. VALUE OF ASSET INTEREST (IF APPLICABLE) 1. None 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTAL (Also enter on line 7, Recapitulation) $ 0 STF PA42021 F.11 (If more space is needed, insert additional sheets of the same size) REV-1511 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF Clifford F. Schooley FILE NUMBER Debts of decedent must be reported on Schedule I. ITEM NUMBER A. DESCRIPTION AMOUNT 1. FUNERAL EXPENSES: Betzer Funeral Horne, Muncy PA 9,022 B. 1. ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative( s) Social Security Number(s) / EIN Number of Personal Representative(s) Street Address 2. 3. City Year(s) Commission Paid: Attorney Fees Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) State Zip Claimant Street Address City Relationship of Claimant to Decedent State Zip 4. Probate Fees 5. Accountant's Fees 1,170 6. Tax Return Preparer's Fees 225 7. STF PA42021F12 TOTAL (Also enter on line 9, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 10 417 REV-1512 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS ESTATE OF Clifford F. Schooley FILE NUMBER Include unreimbursed medical expenses. ITEM NUMBER DESCRIPTION AMOUNT 1. None STF PA42021 F.13 TOTAL (Also enter on line 10, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) o REV-1513 EX + (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF Clifford F Schooley FILE NUMBER NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY 1. TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)J Tammi Geraci 1. RELATIONSHIP TO DECEDENT Do Not List Trustee(s) AMOUNT OR SHARE OF ESTATE 2. Jerry Mattern, Jr Granddaughter 5,000 3. Joseph Geraci Grandson 5,000 4. Nicholas Geraci Great Grandchild 1,000 5. Sandra Mattern Great Grandchild 1,000 Daughter balance of funds 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 1. St. Andrew Evangelical Ltheran Church Muncy PA 1,000 TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ (If more space is needed, insert additional sheets of the same size) 1,000 STFPA42021F.14 REV-1514 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE K LIFE ESTATE, ANNUITY & TERM CERTAIN (Check Box 4 on Rev-1500 Cover Sheet) ESTATE OF FILE NUMBER Clifford F. Schooley This schedule is to be used for all single life, joint or successive life estate and term certain calculations. For dates of death prior to 5-1-89, actuarial factors for single life calculations can be obtained from the Department of Revenue, Specialty Tax Unit. Actuarial factors can be found in IRS Publication 1457, Actuarial Values, Alpha Volume for dates of death on or after 5-1-89. Indicate the type of instrument which created the future interest below and attach a to the tax return. NAME(S) OF LIFE TENANT(S) DATE OF BIRTH NEAREST AGE AT TERM OF YEARS LIFE ESTATE IS DATE OF DEATH PAYABLE None 1. Value of fund from which life estate is payable 2. Actuarial factor per appropriate table Interest table rate - 03 1/2% 06% 0 10% 3. Value of life estate (Line 1 multiplied by Line 2) o Life or o Term of Years o Life or 0 Term of Years o Life or 0 Term of Years o Life or 0 Term of Years $ o Variable Rate % NAME(S) OF ANNUITANT(S) DATE OF BIRTH NEAREST AGE AT DATE OF DEATH TERM OF YEARS ANNUITY IS PAYABLE 1. Value of fund from which annuity is payable 2. Check appropriate block below and enter corresponding (number) Frequency of payout - o Weekly (52) D Bi-weekly (26) o Quarterly (4) 0 Semi-annually (2) o Annually (1) 3. Amount of payout per period 4. Aggregate annual payment, Line 2 mu~iplied by Line 3 5. Annuity Factor (see instructions) Interest table rate 03 1/2% D 6% 0 10% 6. Adjustment Factor (see instructions) 7. Value of annuity -If using 3 1/2%,6%, 10%, or if variable rate and period payout is at end of period, calculation is: Line 4 x Line 5 x Line 6 If using variable rate and period payout is at beginning of period, calculation is: (Line 4 x Line 5 x Line 6) + Line 3 o Life or 0 Term of Years o Life or 0 Term of Years o Life or 0 Term of Years o Life or 0 Term of Years $ o Monthly (12) DOther ( ) $ o o Variable Rate % $ $ NOTE: The values of the funds which create the above future interests must be reported as part of the estate assets on Schedules A through G of this tax return. The resuning life or annuity interest(s) should be reported at the appropriate tax rate on Lines 13, 15, 16 and 17. STF PA42021 F.15 (If more space is needed, insert additional sheets of the same size) REV-1647 EX + (9-00) SCHEDULE M FUTURE INTEREST COMPROMISE COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT (Check Box 4a on Rev-1500 Cover Sheet) ESTATE OF FILE NUMBER Clifford F. Schooley This schedule is appropriate only for estates of decedents dying after December 12, 1982. This schedule is to be used for all future interests where the rate of tax which will be applicable when the future interest vests in possession and enjoyment cannot be established with certainty. Indicate below the type of instrument which created the future interest and attach a copy to the tax return. o Will 0 Trust 0 Other I. Beneficiaries NAME OF BENEFICIARY RELATIONSHIP DATE OF BIRTH AGE TO NEAREST BIRTHDAY 1. None 2. 3. 4. 5. n. For decedents dying on or after July 1, 1994, if a surviving spouse exercised or intends to exercise a right of withdrawal within 9 months of the decedent's death, check the appropriate block and attach a copy of the document in which the surviving spouse exercises such withdrawal right. o Unlimited right of withdrawal m. Explanation of Compromise Offer: D Limited right of withdrawal ~ Summary of Compromise Offer: 1. Amount of Future Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $ 2. Value of Line 1 exempt from tax as amount passing to charities, etc. (also include as part of total shown on Line 13 of Cover Sheet) ........... $ 3. Value of Line 1 passing to spouse at appropriate tax rate Check One 06%, 03%, 00%.......................... $ (also include as part of total shown on Line 15 of Cover Sheet) 4. Value of Line 1 taxable at lineal rate Check One 06%, 04.5%................................. $ (also include as part of total shown on Line 16 of Cover Sheet) 5. Value of Line 1 Taxable at sibling rate (12%) (also include as part of total shown on Line 17 of Cover Sheet) ........... $ 6. Value of Line 1 Taxable at collateral rate (15%) (also include as part of total shown on Line 18 of Cover Sheet) ........... $ 7. Total value of Future Interest (sum of Lines 2 thru 6 must equal Line 1) . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . .. $ (If more space is needed, insert additional sheets of the same size) o STF PA42021 F.16 - REV-1649 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE 0 ELECTION UNDER SEC. 9113(A) (SPOUSAL DISTRIBUTIONS) ESTATE OF FILE NUMBER Clifford F. Schoole Do not complete this schedule unless the estate is making the election to tax assets under Section 9113 (A) of the Inheritance & Estate Tax Act. If the election applies to more than one trust or similar arrangement, a separate form must be filed for each trust. This election applies to the Trust (marital, residual A, B, By-pass, Unified Credit, etc.). If a trust or similar arrangement meets the requirements of Section 9113 (A), and: a. The trust or similar arrangement is listed on Schedule 0, and b. The value of the trust or similar arrangement is entered in whole or in part as an asset on Schedule 0, then the transferor's personal representative may specifically identify the trust (all or a fractional portion or percentage) to be included in the election to have such trust or similar property treated as a taxable transfer in this estate. If less than the entire value of the trust or similar property is included as a taxable transfer on Schedule 0, the personal representative shall be considered to have made the election only as to a fraction of the trust or similar arangement. The numerator of this fraction is equal to the amount of the trust or simila- arrangement included as a taxable asset on Schedule O. The denominator is equal to the total value of the trust or similar arrangement. PART A: Enter the deSCription and value of all interests, both taxable and non-taxable, regardless of location, which pass to the decedent's surviving spouse under a Section 9113 (A) trust or similar arrangement. DESCRIPTION None VALUE Part A Total $ 0 PART B: Enter the description and value of all interests included in Part A for which the Section 9113 tAl election to tax is being made. DESCRIPTION VALUE STF PA42021 F.17 Part 8 Total $ (If more space is needed, insert additional sheets of the same size) o II 105.805 REV 1/05 This is to certify that the information here given is correctly copied from an original certificate of death duly filed wi th me as Local Registrar. The original certificate will be forwarded to the State Vital Records Office for permanent filing. - WARNING: It is illegal to duplicate this copy by photostat or photograph. Fee for this certificate, $6.00 p 11396622 No. ~~ JUN 18 2005 Date ----------~-------._------~."-~--_.........._-~._._.......,,,..-----,..~,~~ -.___~_..A__'...__.__._..._._.,_..__.______._..,'~.._..~--h'~""""-'--""---"---_,,,,,,,,_,_____,__,_~,_~,,__,__~,,__,,_w,,___ H105.143 Rev. 2187 TYPE/PRINT IN PERMANENT BLACK INK COMMONWEALTH OF PENNSYLVANIA. DEPARTMENT OF HEALTH. VITAL RECORDS CERTIFICA TEOF DEATH 1. AGE (Last Birthday) 5. COUNTY OF DEATH 91 Yrs. . lib. CumhPrland 17d.1i] ~~hi:=:i~~ at Iwp MOTHER'S NAME (Firs!. Middle, Malden Surname) CItYlboro fa (/) ::l (/) ... :::; <( (J ri. ~,[\ ~.-\- ~ ~ 27. PART I: Ent... the di...os.., inIu.... 0< comp'icetions which c..._ the d..... Do not eM... the -.... 0' dying. Such .. canliK or raplratory wrest, shock 0< heart tal...... . Approximate li.t only on. cau.. on each lin.. : inlerval betwee : onset and death Sequentially list conditions b it any, leading 10 immediate I c.' cause. Enter UNDERLYING CAUSE (Disease or injury - fhal initialed events resulting on death) LAST d. WAS AN AUTOPSY VVERE AUTOPSY FINDINGS MANNER OF DEATH DATE OF INJURY PERFORMED? ~6~~~~i~R6~~~~SE Natural.f] Homicide 0 (Month. Day. Vo",) OF DEATH? Accidenl 0 Pending Investigation 0 Yes 0 NoB r;l{ n/ 0 30a. 3Ob. M. 30e. 30e1. '~O No 't' ,., 0 No '+- s..D" Coo" """. ,,,....,..., 0 PlACE O""JUR' . ^' _. _. ,.." _,. ,"', L"""""" "..... c,."_. S.", bUIlding, ole. (Sped"") ,_ . 28a. 28b. 29. 30.. 3Of. CERTIFIER (Check only one) ,/ SIGNATURE AND TITLE OF CERTIFIER ?' 'yg~~F,J~~t~r.';tnl;J~~~s~~:1h ~g~~a~J: t':! n.e:~h,.~;:~(:r~~';g~~~~a~s h~~r:~~~~.~.~~.l~ ~~ ,~~~.I~.i.I~.~~) ............. ...0 3ib. ,~ it L 'PRONOUNCING AND CERTIFYING PHYSICIAN (Physician both pronouncing death and certifying to calJse of death) LICENSE NUMBER. ~ . '"C':" "J A L DATE SIGNEp (Month, Day. Year) To the best ot my knowledge, death Occurred at the time, date. and place, and due to the causes(s) and manner as stated.. .. 0 3ic. C:.?":::. C\c:.>.J j".., 3id. 6 '-/1- I'-- c ~:;--.. NAME AND ADDRESS OF p~.. ~. Mrt:n~i~~:p 0 (Item 27) Type or Print I.J'.f.:ICU- n. CMI.::JAn I "U:H. " ........... .......... ................................. 0 32 '6'?..~7c 1:~7:,C(.~.I-fr . DIITE FILED (Month. Day, Year) 34. ~ t)f ;;;{ t~~ DUE TO (OR AS A CONSEQUENCE OF) Other significant CXlnditions contributing to death, but nol resulting in the undertying cause given In PART I ,j \"...J DUE TO (OR AS A CONSEQUENCE OF): TIME OF INJURY INJURY AT WORK? DESCRIBE HOW INJURY OCCURRED. \j VJ f- Z W o w u w o Ii. o W ~ <{ z /411 11114151 - Commerce '~Bank - Commerce Bank/Harrisburg N.A 100 Senate Avenue Camp Hill Pa 17011 888-937 -0004 Page 1 of 2 CLIFFORD F SCHOOLEY SANDRA L MATTERN 245 GLENN ROAD CAMP HILL PA 17011 STATEMENT DA'J'E o 8 ACCOUNT NO. , 3 *** CHECKING *** 50 PLUS CLUB ACCOUNT NUMBER 0512093428 PREVIOUS STATEMENT BALANCE AS OF 06/03/05 . ....................... . PLUS 4 DEPOSITS AND OTHER CREDITS ................... LESS 3 CHECKS AND OTHER DEBITS.. ..... ............... CURRENT STATEMENT ~CE AS OF 07/05/05 .... ........ ............. NUMBER OF DAYS IN THIS STATEMENT PERIOD 32 CYCLE-001 ----------------------------------------------------------------------------------- 4",476.22 1,890.79 \:!..5..~~~..... ...J .-..,-"'--,......~ ...-....-....-........' *** CHECK TRANSACTIONS *** SERIAL DATE 894 06/08 895 06/10 AMOUNT 41.2~ 492.73.--- SERIAL 896 DATE 06/16 AMOUNT 444.33--- ----------------------------------------------------------------------------------- . . ***CHECKING ACCOUNT TRANSACTIONS *** DATE DESCRIPTION 06/14 AC-BANKERs LIFE AND-BO OPERTNG 07/01 AC-THE TRAVELERS -PENS PMT 07/01 AC-LTV STEEL (REPUB-PN PMTS/BG 07/05 INTEREST PArMENT DEBITS CREDITS 1,411.01- 11. OJ-- 468.12'- . 63-- " ----------------------------------------------------------------------------------- *** BALANCE BY DATE *** 06/03 4,476.22, 06/08 06/16 4,908.92 07/01 4,434.97 06/10 5,388.07 07/05 [:;.... 942.241 06/14 5,388.70 23-2324730 2.47 5,353.25 . PAYER FEDERAL 10 NUMBER INTEREST PAID YEAR TO DATE ---------------------------------------------------- *** INTEREST EARNED THIS STATEMENT PERIOD DAY S IN PERIOD ......................... INTEREST EARNED .... .... ...... ... ....... ANNuAL PERCENTAGE YIELD EARNED (APY).... *** ---------------------------------------------------- 32 .63 0.15% Mornhar en.,... NOTE: SEE REVERSE SIDE FOR IMPORTANT INFORMATION Check~w - Page 2 of 2 Date 7/05/05 Account 512093428 CUFFORD F. SCHOOlEY 894- c.::. ~~:::Il ~"' 5 - 0 1 - n1:> - .'IO/J:: ~~~ /#~~;~~ ~ Am'rb"_~_ ~f\) .~os -~~~Gf?" ~~~-h1~ ':03UO~81.r..: SJ. 20Q3a.2 Bu. OBQl" ,'.ODOdO(Jld2S'" '-~ CUFFORD F. SCHOOLEY 245 GLEHH ROAD . CAMP HIU.. PA 11011 895 Check 894, Amou nt $41.25 Date Presented 6/8/2005 D4rr'("")~ !rj,nS . ::,~\,\\~.~,,,i,,^, ~~ J $4~:r' ~~"::~~:I~~ ;:'.' N~;-,... '61~~ "BanIc__.._~_ .. "_~s.~ () !!!L''11 \"I~~(Y"-4"?'~ W~~~'\,\lJ~ ':01 BD 18" t.': 5. i!O q:l.. 2 8''- DB q 5 ,"DOCil:W" 11 i? ? 3." Check 895, Amount $492.73 Date Presented 6/10/2005 ""114/3'3 11 ClJFfORD F. SCHOOLEY . 896 24G GLENN RCMO I . CAMP HILL. PA 11011 . ~TF h - I () _ OS 1IO-1W3:: ~:~C: l~t:-~~:\ :' $~'I~.33 . ~- -'< -,~_'<I-CJ g _J.t~,... ol\ S:- "BankAm'_"_~_" ~. . ....oo.'l"~ ..n \...Po'V ~"()' 1 ~ 07 Ll7~S- Y~c1...0....~~~ ':O:U30.BI.f,.: 5. 2OQ31.2 au- OBcif, ...00000......33.'. Check 896, Amount $444.33 Date Presented 6/16/2005 - Investment Calculator Name: Clifford Schoolev deceased - Jerry Mattern Assumptions: Desired payment amount ............................... $ Number of payments per year .......................... Payments will be made at the End of Period Number of years of the annuity ............................ I nterest rate ........................................ Interest is compounded .............................. 703.00 12 3 5.000 % Monthly Results: With 3 years of payments, at an effective annual rate of 5.116%, and making 12 payments each year of $703.00, you will have accumulated $27,243.59 (future value of annuity). The present value of the annuity is $23,456.09. Prepared By: Kelly Financial Services, Inc. 400 Bridge St. , Suite 4 New Cumberland PA 17070 Tel: (717) 774-7536 Fax: (717) 774-4802 03-27 -2006 II Investment Calculator Name: Clifford Schooley deceased - Sandra Mattern Assumptions: Desired payment amount ............................... $ Number of payments per year .......................... Payments will be made at the End of Period Number of years of the annuity ............................ I nte rest rate ........................................ Interest is compounded .............................. 703.00 12 3 5.000% Monthly Results: With 3 years of payments, at an effective annual rate of 5.116%, and making 12 payments each year of $703.00, you will have accumulated $27,243.59 (future value of annuity). The present value of the annuity is $23,456.09. Prepared By: Kelly Financial Services, Inc. 400 Bridge St. , Suite 4 New Cumberland PA 17070 Tel: (717) 774-7536 Fax: (717) 774-4802 03-27-2006 I TZER FUNERAL SERVICE Tuesday, June 28, 2005 Mrs. Sandra L. Mattern 245 Glenn Road Camp Hill, PA 17011 Dear Mrs. Mattern, Thank you for selecting our funeral home to provide services for your family during recent your bereavement. I hope that you found our services to be of the highest standards and that they met your needs and those of your family and friends. The following is an itemization of the service charges for the services for Clifford F. Schooley and are herein indicated as PAID-IN-FULL. CHARGES FOR MERCHANDISE SELECTED Casket: Batesville Woodbridge Pecan Outer Burial Container: Eagle Sentinal T op-SeallLiner 80 $2,603.95 $885.00 ALTERNATIVE SELECTION Standard Traditional Funeral TOTAL MERCHANDISE $3,488.95 $ 3428.00 CASH DISBURSEMENTS Cemetery Charges Vault Service at Cemetery Newspaper Notices - Obituary Clergy Honorarium Flowers Engraving of Monument Certified Copies of Death Certificate: Rental of Church Social Hall Catered Funeral Meal TOTAL SPECIAL CHARGES $3,428.00 (Weekday) (Weekday) Sun-Gazette & Patriot 12 $ 375.00 $ 100.00 $ 379.24 $ 100.00 $ 326.48 $ 75.00 $72.00 $ 75.00 $ 601.97 TOTAL CASH DISBURSEMENTS $2,104.69 TOTAL OF SERVICES LESS: Credits granted Casket & Vault Package LESS: Total Payments 6/27/2005 Wachovia Bank LESS: Refund of Overpayment $9,021.64 $250.00 $250.00 $9,643.61 9643.61 $871.97 PAID IN FULL $0.00 Enclosed you will find a check in the amount of $ 871.97. This represents excess funeral trust funds. Please do not hesitate to contact me if you have any questions concerning this statement or if I may be of further assistance. Sincerely, ~ e-J.- .( . l'i..-'~-"" Galen R. Betzer Director PHONE (570) 546-8119 - 1 08 NORTH MAIN STREET - MUNCY, PENNSYLVANIA 1 7756 PHONE (570) 547-2491 - 40 EAST HOUSTON AVENUE - MONTGOMERY, PENNSYLVANIA 17752 _ KIRK E. NAUGLE, SUPERVISOR '1...' L~ ",i . . . . " ....." , .", '" . . . ( PATRICK F. LAUER, JR.. Attorney at Law 2 J 08 Market Street Aztec Building Camp HIli, PA 170J 1 (717) 763-1800 < ,~ -"r .,,,..,, "'" 1', 11'1' l'Il - 1,!,' , -~r--~ ~.~. '1"r r LAST WILL AND TESTAMENT OF CLIFFORD F. SCHOOLEY I, CLIFFORD F. SCHOOLEY, of 245 Glenn Road, Cumberland County, Camp Hill, Commonwealth of Pennsylvania 17011, being of sound mind and memory, hereby revoke and declare null and void any and all Wills and Codicils heretofore made by me, and do make, publish, and 'declare this to be my Last Will and Testament. FIRST I direct my Executor or Executrix to pay my just debts, the expenses of my last illness, and my funeral expenses from the property passing under this Will as an expense and cost of administering my estate, as soon after my death as may be found convenient. SECOND I give, devise, and bequeath the following specific legacies: (a) The sum of $5,000.00 to my granddaughter, Tammy Geraci; (b) The sum of $5,000.00 to my grandson, Jerry Mattern, Jr.; (c) The sum of $1,000.00, each, to Joseph Geraci, Nicholas Geraci, and any natural born greatgrandchildren of mine hereafter; and (d) The sum of $1,000.00 to Saint Andrew Evangelical Lutheran Church of Muncy, Pennsylvania. THIRD I give, devise, and bequeath the rest, residue, and remainder of my estate of every nature and wherever situate, of all that I own to my daughter, Sandra L. Mattern, provided that my daughter survives me by thirty (30) days. Should my daughter predecea$e me " i' ; - , . or fail to survive me by thirty (30) days, I direct that the remainder of my estate be given in equal shares to her issue (and their descendants) per capita by generation. FOURTH It is further my desire that my Executor or Executrix, after consultation with any heir or heirs of mine who survive me, and in his, her, or its own discretion, chOose such articles from my tangible personal property (exclusive of cash, stock certificates, bonds, and all other tangible evidences of intangible personal property) as he, she, or it believes will be useful to such heir, family member, friend, or personal acquaintance, or desirable for such person to have, either from a sentimental point of view or otherwise; and to deliver such articles to such person, or among such heirs in equal or unequal shares as determined by the further exercise of his, her, or its discretion, provided no heir objects to the distribution after being given suitable opportunity to do so. Any such distribution shall be taken into account at its current fair market value in regards to the final disposition of the assets of my estate. FIFTH I , , ,/ ~ ..~ Any devise or distribution under this, my Last Will and Testament, which is payable to any beneficiary who may be under twenty-one (21) years of age, shall be held in a separate trust by my son-in-law, Gaspere (Gus) Geraci, and Tammy Geraci, or the survivor of them, as Trustee until such beneficiary reaches twenty- Page 2 of 6 J " II I I I rl i , , one (21) years of age. In the event neither Gaspere (Gus) Geraci or Tammy Geraci is able or willing to serve as Trustee, I nominate Jerry Mattern, Jr., to serve instead. During the term of any trust created pursuant to this paragraph, the trustee is authorized to expand and apply so much of the net income and principal of each such trust as the trustee shall consider it advisable for the health, maintenance, support, education (including college education, graduate sChoOl), purchase of a residence, or payment of debts preexisting my death for each such beneficiary until he or she attains twenty-one (21) years of age, or until all such amounts are paid out of trust. I direct that no trustee shall be required to give or post bond for the faithful performance of the trustee's duties in this or any other juriSdiction. SIXTH estate. I nominate SANDRA L. MATTERN to serve as Executrix of my If she is unable or unwilling to perform her duties as Executrix, then I hereby name JERRY A. MATTERN, JR., as First Alternate Executor. In the event JERRY A. MATTERN, JR., is unable lor unwilling to perform as First Alternate Executor, I then hereby name JERRY A. MATTERN, SR., as Second Alternate Executor. I I direct that no Executor/trix shall be required to give or j /post bond for the faithful performance of the Executor's duties in IlthiS or any other juriSdiction. II I! 3 f 6 11 Page 0 ~ I I I I . ." , 1 IN WITNESS WHEREOF, I have hereunto set my hand and seal this -L!t!!! day of MAflC 1-1 2000. xr;l~~Jf~ C B RD/F. SCHOOLEY SIGNED, SEALED, PUBLISHED, and DECLARED by the above-named Testator, CLIFFORD F · SCHOOLEY, as and for his Last Will and Testament, in the presence of us, who, at his request, in his presence, and in the presence of each other, have hereunto subscribed our names as witnesses. ~16~VU~1f1 (! If /!4- ADDRESS I' 'LJU1;/t JJ;Jj7j;L V'fITNESS, I ~/t!t JJ11t1/(1Lf~ 4y ~ 4;; DDRESS Page 4 of 6 I I I I I Il I i Ii U P I' - , .. . . I ~ .. AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND SS: I, CLIFFORD F. SCHOOLEY, 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 purposes therein expressed. set my hand and seal this IN WITNESS WHEREOF, I, CLIFFORD F. SCHOOLEY, have hereunto )l.j7f1 day of .fiAtH<.cH ; 2000. {/~~ p:~? C RD rF. SCHOOL Y SWORN or affirmed to and acknowledged the Testator, this before me, and CLIFFORD F. SCHOOLEY, L LOt! - "L. day of I II 2000. Notarial Seal Matthew J. Eshelman, Notary Publfc ~ Hm Boro, Cumber1and Countv My COmmission expires Nov. 24, 2003 Mem6ii, ~ Page 5 of 6 j I j I I I ! I I , f II I f 1/ II II 11 II II II... ~ f I II II ! I ~ ;~ Ii i! II , , ! II . . ,. .. I . . . ACKNOWLEDGEMENT COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND : SS: . . We, ~vo ITI-I ;r k,?E;35 and &Cl~ A./'lf,IJAJ/C 1+ , I the 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 the Testator sign and execute the instrument as his Last Will, that he signed willingly, and that he executed it as his free and voluntary act for the purpose therein expressed; that each of us in the hearing and sight of the Testator signed the Will as witnesses; and that to the best of our knowledge, the Testator was at that time eighteen (18) or more years of age, of sound mind, and under no constraint or undue influence. ::.1-/ Sworn or affirmed to and subscribed efore me by J~,Dl7fl A, kRE8S and (W-~l..{?yl..A1f"-MJ Ie fI the witnesses, this I4.Trl day of M4t?CH 2000. tMl~~v Page 6 of 6 Notarial Seal Matthew J. Eshelman, Notary Public Camp Hili Bora, Cumberland County My COmmission Expires Nov. 24, 2003 Mem6ir, PennijtVinia AasoaitiOii of NotaI1iS ! I I I , l