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HomeMy WebLinkAbout04-28-06 lEV-1500 EX (6-00) OFFICIAL USE ONLY COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 REV -1500 INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER 2 1 o 5 00702 COUNTY CODE YEAR NUMBER I- Z W o W U W o DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) 'Jacobsen, Clarence DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) 07/28/2005 07/17/1915 (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER 051-18-7056 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER W f- :.::~1Il U 0::':: w c..u J: 00 U O:...J c..1O c.. <( [!], 04 [!]6 Original Return Limited Estate o 2. Supplemental Return 0 3. Remainder Return (date of death prior to 12-13-82) o 4a. Future Interest Compromise (date of death after 12-12-82) 0 5. Federal Estate Tax Return Required o 7. Decedent Maintained a Living Trust (Attach copy oITrust) ~ 8. Total Number of Safe Deposit Boxes o 10. Spousal Poverty Credit (date of death between 12-31.91 ard 1-1-95) 0 11. Election to tax under se~.' 9113(A)(AllaCh Sch 0) Decedent Died Testate (Attach copy of Will) o 9. Litigation Proceeds Received f- Z W Cl Z o c.. III W 0: 0: o U THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: NAME COMPLETE MAILING ADDRESS Andrea C Jacobsen FIRM NAME (If Applicable) TELEPHONE NUMBER 355 E Baltimore St Carlisle, PA 17013 1. Real Estate (Schedule A) (1) 105,000.00 OFFI6IfJ. USE Ot-ll. Y (717) 245-0527 2. Stocks and Bonds (Schedule B) (2) 3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) (4) z o i= ~ ::J l- ii: <( u w c:: 6. Jointly Owned Property (Schedule F) (6) D Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) (Schedule G or L) 132,095.77 2,261.57 -...l (5) 8. Total Gross Assets (total Lines 1-7) 239,357.34 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) (8) 12,526.94 1,764.85 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 12. Net Value of Estate (Line 8 minus Line 11) (12) 14,291.79 225,065.55 11. Total Deductions (total Lines 9 & 10) (11) 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) (13) 14. Net Value Subject to Tax (Line 12 minus Line 13) SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES (14) 225,065.55 z o i= <( I- ::J a. :E o U X <( I- 20. D 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) x .0 _(15) 16. Amount of Line 14 taxable at lineal rate 225,065.55 x .0 ~(16) 17. Amount of Line 14 taxable at sibling rate x .12 (17) 18. Amount of Line 14 taxable at collateral rate x .15 (18) 19. Tax Due (19) 10,127.95 10,127.95 CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT > > BE SURE TO.ANSWERALLQUESTIONSONREVERSE SIDE AND RECHECK MATH < < 5W4632 1.000 Decedent's Complete Address: STREET ADDRESS 355 S Sporting Hill Rd CI1Y I STATE I ZIP Mechanicsburg PA 17050 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. 'credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1 ) 10,127.95 9,405.00 495.00 Total Credits (A + B + C) (2) 9,900.00 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty (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) .00 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 227.95 A. Enter the interest on the tax due. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. Make Check Payable to: REGISTER OF WILLS, AGENT (58) 227.95 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;. . . . . . . . . . . . . . . D b. retain the right to designate who shall use the property transferred or its income; . D c. retain a reversionary interest; or . . . . . . . . . . . . . . . . . . . . . . . . D d. receive the promise for life of either payments, benefits or care? . . . . . . . . . D 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . . . . . . . . . . . . . . . . . . . . . . . . . . .. D 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? D 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. D [!] IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of pre arer other than the personal representative is based on all information of which preparer has any knowledge. SI(;1.::2) ~ P SON RESPONSIBLE FOR FILING RETURN ADDRESS ! 355 E ~imore St Carlisle, PA 17013 SIGNATURE OF PREPARE O. llib~~~RESENTATIVE 12 -,,---- Yes No o o o o ~ ~ DATE 'j 'l1 'lee b DATE ADDRESS 157 S. Hanover St. 04/27/2006 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% [72P.S.99116 (a) (1.1)(i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. 99116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. . For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0% [72 P.S. 99116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. 9 9116(1.2) [72 P.S. 9 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. 9 9116(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. 5W4633 1.000 COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE REV-1502 EX + (6-98) ESTATE OF FILE NUMBER Clarence Jacobsen 21-05-00702 " 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 105,000.00 Residential Real Estate 421 Dogwood Ct. Carlisle, PA 17013 5W4695 1.000 TOTAL (Also enter on line 1, Recapitulation) (If more space is needed, insert additional sheets of the same size) $ 105,000.00 R EV-1508 EX + (6-08) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF Clarence Jacobsen FILE NUMBER 21-05-00702 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 DESCRIPTION 1. Checking Account - M&T Bank # 1195689 2. Money Market Account - American Home Bank # 0000110795 3. Certificate of Deposit - American Home Bank # 290001554 (Includes Accrued Interest $ 179.00) 4. Refund from Country Meadows Retirement Community VALUE AT DATE OF DEATH 1,051.00 30,790.92 100,179.00 74.85 5W46AD 1.000 TOTAL (Also enter on line 5. Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 132,095.77 REV-1509 EX + (6-98) COMMONWEAL TH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE F JOINTLY-OWNED PROPERTY ESTATE OF Clarence Jacobsen FILE NUMBER 21-05-00702 >If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO DECEDENT A. ,Andrea C Jacobsen 355 E Baltimore St Carlisle, PA 17013 Daughter B. c. JOINTL Y -OWNED PROPERTY: lETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT DATE OF DEATH DECD'S VALUE OF NJMBER OR SIMILAR IDENTIFYING NUMBER ATTACH DEED FOR NUMBER TENANT JOINT JOINTLY-I-ELD REAL ESTATE VALUE OF ASSET INTEREST DECEDENTS INTEREST 1. A. 03/2004 Commerce Bank Checking 4,523.15 50.00 2,261.57 Acct# 0536775323 TOTAL (Also enter on line 6, Recapitulation) $ 2,261.57 5W46AE 1.000 (If more space is needed, insert additional sheets of the same size) REV-1511 EX + (12-99) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF Clarence Jacobsen FILE NUMBER 21-05-00702 Debts of decedent must be reported on Schedule I. '<. ITEM NUMBER DESCRIPTION AMOUNT A. .1. FUNERAL EXPENSES: Ewing Borthers Funeral Home Memorial Service and Reception Expenses 11,601. 84 B. 1. ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s) I EIN Number of Personal Representative(s) Street Address City State Zip Year(s) Commission Paid: 2. Attorney Fees 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent 4. Probate Fees 395.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 300.00 7. Miscellaneous Administrative Expenses (postage, fax Copying Etc.) 230.10 5W46AG 1.000 TOTAL (Also enter on line 9, Recapitulation) (If more space is needed, insert additional sheets of the same size) $ 12,526.94 REV-1512 EX+ (12-03) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Clarence Jacobsen SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS FILE NUMBER 21-05-00702 Re,port debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses. ITEM NUMBER 1. ' 2. 3. 4. 5. 6. 7. 8. 9. DESCRIPTION Liability for Security Deposit Payable Comcast Cable Chase Mastercard West Shore Ambulance Kilmore Eye Associates Sprint Wissota Traders Bon-Ton Charge Account AT&T VALUE AT DATE OF DEATH 700.00 18.93 162.10 500.50 20.00 ~7.99 180.90 17.96 66.47 5W46AH 1.000 TOTAL (Also enter on line 10, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 1,764.85 REV-1513 EX+ (9-00) SCHEDULE J BENEFICIARIES COMMONWEAL TH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Clarence Jacobsen NUM~J::R I 1. 2. 3. 4. 5. 6. 7. 8. 9. NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] Andrea C Jacobsen 355 E Baltimore St Carlisle, PA 17013 John Jacobsen 10 Laura Ln Saratoga Springs, NY 12866 Charles Jacobsen 3148 Manor Ave Walnut Creek, CA 94596 Elisabeth Jacobsen 317 A Second Ave New York, NY 10003 Johanna Jacobsen 3512 Knight Rd Whites Creek, TN 37189 Courtney Jacobsen 9527 Evanston Ave North Seattle, WA 98103 Paul Jacobsen-Rains 355 E Baltimore St Carlisle, PA 17013 Emily Jacobsen-Rains 355 E Baltimore St Carlisle, PA 17013 Jessi Jacobsen 3148 Manor Ave Walnut Creek, CA 94596 RELATIONSHIP TO DECEDENT Do Not List Trustee(s) FILE NUMBER 21-05-00702 AMOUNT OR SHARE OF ESTATE Daughter 25% Remainder Son 20% Remainder Son 20% Remainder Daughter 20% Remainder Granddaughter 3% Remainder Granddaughter 3% Remainder Grandson 3% Remainder Grandaughter 3% Remainder Grandchild 3% Remainder 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 5W46A11.000 B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11- 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) L...UIV'IVIUI\JVVtAL I H Ur t-'tNN::;YLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 REV-1162 EX(11-96) RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT ~ JACOBSEN ANDREA C ,355 EAST BALTIMORE ST CARLISLE, PA 17013 ___n___ fold ESTATE INFORMATION: SSN: 051-18-7056 FILE NUMBER: 2105-0702 DECEDENT NAME: JACOBSEN CLARENCE DATE OF PAYMENT: 10/25/2005 )STMARK DATE: 10/25/2005 COUNTY: CUMBERLAND DATE OF DEATH: 07/28/2005 NO. CD 005932 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 I $9A05.00 I I I I I I I I TOTAL AMOUNT PAID: REMARKS: EST OF CLARENCE JACOBSEN CHECK#1005 SEAL INITIALS: CM RECEIVED BY: TAXPAYER $9A05.00 GLENDA FARNER STRASBAUGH REGISTER OF WILLS REGISTER OF WILLS CUMBERLAND County, Pennsylvania CERTIFICATE OF GRANT OF LETTERS No. 2005-00702 PA No. 21-05-0702 Es ta te Of: CLARENCE JA COBSEN (First, Middle, Last) Late Of: HAMPDEN TOWNSHIP CUMBERLAND COUNTY Deceased Social Securi ty No: 051-18-7056 WHEREAS, on the 5th day of August 2005 an instrument dated March 26th 2002 was admitted to probate as the last will of CLARENCE JA COBSEN (First. Middle, Last) la te of HAMPDEN TOWNSHIP, CUMBERLAND County, who died on the 28th day of July 2005 and, WHEREAS, a true copy of the will as probated is annexed hereto. THEREFORE, I, GLENDA FARNER STRASBAUGH Register of Wills ~n and for CUMBERLAND County, in the Commonwealth of Pennsylvania, hereby certify that I have this day granted Letters TESTAMENTARY to: ANDREA C JACOBSEN who has duly qualified as EXECUTOR(RIX) and has agreed to administer the estate according to law, all of which fully appears of record in my office at CUMBERLAND COUNTY COURT HOUSE, CARLISLE, PENNSYL VANIA. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal of my office on the 5th day of August 2005. ( :Jlhn AA ~04/W... J,~,bl)" j I-~ Register of Wills ~ C} -Ol~ Deputy **NOTE** ALL NAMES ABOVE APPEAR. (FIRST, MIDDLE, LAST) ,<-, J,&lSTW[J .1,,1 &lJ-ltj) 'TEST&Vvt ENT O:F :-: ('J C.LaXw'/CEJ'aC01)SD--I I, CLARENCE JACOBSEN, of Carlisle, Cumberland County, PenrisylvanHJ:, ___, --I . declare this instrument to be my Last Will and Testament, in manner and formfollowing;::- C"J FIRST: I hereby expressly revoke all Wills and Codicils heretofore made by me. SECOND: I hereby direct my Executrix to pay all my funeral expenses and taxes, as soon as practicable after my death. ~:";--l -:f,,:~ . C../l '--,c') --:-, --'-\ - ---;--, ----) ,-,1 THIRD: I request a simple, inauspicious funeral in a manner I have made known to the Executrix. I direct that my remains be interred as closely as possible to those of my beloved wife. FOURTH: From time to time, I have provided a certain financial assistance to various beneficiaries of this my Last Will and Testament. None of that financial assistance shall be considered an obligation by the donee to my estate or as an advance, but rather as a gift made during my lifetime, unless an obligation of payment has been evidenced by a Note or Mortgage. FIFTH: I hereby give and bequeath all my personal property to my children, CHARLES J. JACOBSEN of Walnut Creek, California, JOHN J. JACOBSEN of Saratoga Springs, New York; ANDREA C. JACOBSEN of Carlisle, Pennsylvania and ELISABETH JACOBSEN of New York City, New York, as they can agree or, if they v.. cannot agree, as the Executrix shall determine. All items of personal property not taken by one of the beneficiaries herein shall become a part of my residuary estate. All the rest, residue and remainder of my estate I hereby give, bequeath and devise to the following beneficiaries and in the following proportions: CHARLES J. JACOBSEN of Walnut Creek, California, or, if he does not survive me to his spouse: twenty percent (20%) of my residuary estate; JOHN J. JACOBSEN of Saratoga Springs, New York, or, if he does not survive me to his spouse: twenty percent (20%) of my residuary estate; ANDREA C. JACOBSEN of Carlisle, Pennsylvania, or, if she does not survive me to her spouse: twenty percent (20%) of my residuary estate; ELISABETH JACOBSEN of New York City, New York, or, if she does not survive me to her partner: twenty percent (20%) of my residuary estate; My Executrix: fivepercent (5%) of my residuary estate; and My surviving grandchildren: fifteen percent (15%) of my residuary estate, in equal shares. I hereby direct that the gifts as set in this, the residuary clause of my Last Will and Testament, are unrestricted. Nevertheless, I have no objection to any of the beneficiaries of this my Last Will and Testament donating any portion of his/her share which he/she may desire as a charitable gift in the memory of EMMA E. JACOBSEN. SIXTH: I hereby nominate, constitute and appoint ANDREA C. JACOBSEN to be the Executrix of this my Last Will and Testament. In the event ANDREA C. JACOBSEN cannot or will not act as Executrix for any reason, I then nominate, constitute ~, and appoint JOHN J. JACOBSEN as Executor. No personal representative shall be required to file bond in this or any other jurisdiction. 2--6 IN WITNESS WHEREOF, I hereunto set my hand and seal this of ft~ day ,2002. C!vt~, J~~ Ii ClarEfhce Jacobsen 3 Wi(~_~ J(~'0r7~~ Witness /1 // d....--.-, /i " ~ ' . ,...j, I " ! / )/) '/ I' '( I I " /<',' \ ',. I I I [,e /Ltrl !) I f l/uJl~ Notary Pu~l .. (! iJ ~, COMMONWEALTH OF PENNSYLVANIA 55. COUNTY OF CUMBERLAND We, Carol J. Lindsay and Sharon Simpson 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 Testator, CLARNECE JACOBSEN, 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 purposes 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 18 or more years of age, of sound mind and under no constraint or undue influence, Sworn or affirmed to and subscribed to before me by Carol J. Lindsay and Sharon Simpson witnesses this 26th day of March ,2002. /' \~ I' " rJ& ":., NCffAf1IAL SEAL RE~EE l, MUFl~AY, Notary Publle Carlisle Bore, Cumberland Co,. PA My Commission Expires December 13,2005 '- COMMONWEALTH OF PENNSYLVANIA 55. COUNTY OF CUMBERLAND \, CLARENCE JACOBSEN, Testator, whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, do her13by acknowledge that I signed and executed the instrument as my Last Will; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. Sworn or affirmed to and acknowledged before me, by CLARENCE JACOBSEN, Testator, this '1 G day of 911-tt~ ,2002. () v;.? I j? ~\.~ jxr~~ If Clarence Jacobsen, Testator Notary pub+rc i 1 iJ NOTARIAL SEAL RENEE l. MURRAY, Notary Public Carlisle Bora, Cumberland Co., PA My Commission Expires December 13, 2005 4 Ray "Buz" Wolfe, CRS Broker/Partner WOLFE & SHEARER REALTORS William L. Shearer, Jr., CRS Broker/Partner - - -.. ) 33 South Pitt Street Carlisle, PA 17013 717.243.1551 800.377.3027 fax 717.243.0472 www.wolfeshearer.com " RESIDENTIAL COMMERCIAL APPRAISALS INDUSTRIAL CONSULTING INVESTMENTS August 4, 2005 Andrea C. Jacobsen 355 East Baltimore Street Carlisle, PA 17013 Re: Clarence Jacobsen Property 421 Dogwood Court, Willow Crossing South Middleton Township Dear Andrea - At your request, I have personally inspected the above referenced property for the purpose of providing you with an opinion of a present day fair market value range. Please be advised that this is not a formal appraisal, but rather a market anaylsis being provided per your request. Based upon a physical inspection of the property, coupled with a review of information obtained from the Cumberland County Assessors Office and a review of comparable sales which have occurred in the Willow Crossing subdivision, I believe that the property would have a present day fair market value in a range of$105,000 to $115,000. Current market conditions are extremely favorable and the attached list, obtained from Central Pennsylvania Multiple Listing Services, illustrates good activity within the subdivision of the subject property. Since this property is tenant occupied, it would be reasonable to expect a sale at the lower end of the value range with a tenant in place. The ability to sell the property to an owner occupant, where entry level buyer activity is extremely heavy, would likely yield a price at the higher end of the value range. Please let me know, Andrea, ifI can be of additional assistance. As always, it is my pleasure to work with you. Q:- Ray L. Wolfe, Jr. Broker/Partner COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 2B060 1 HARRISBURG, PA 17128-0601 KtV. IlbL t)\III-~bJ PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT RECEIVED FROM: JACOBSEN ANDREA C 355 EAST BALTIMORE ST CARLISLE, PA 17013 -------- fold ESTATE INFORMATION: SSN: 051.18.7056 FILE NUMBER: 2105-0702 DECEDENT NAME: JACOBSEN CLARENCE DATE OF PAYMENT: 04/28/2006 POSTMARK DATE: 04/28/2006 COUNTY: CUMBERLAND DATE OF DEATH: 07/28/2005 NO. CD 006620 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 I $227.95 I I I I I I I I TOTAL AMOUNT PAID: $227.95 REMARKS: CHECK# 1021 SEAL INITIALS: MG RECEIVED BY: REGISTER OF WILLS GLENDA FARNER STRASBAUGH REGISTER OF WILLS