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HomeMy WebLinkAbout06-13-06 .-J 15056051058 REV-1500 EX (06-05) PA Department of Revenue *" Bureau of Individual Taxes PO BOX 280601 Harrisburg, PA 17128-0601 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death OFFICIAL USE ONLY County Code Year File Number INHERITANCE TAX RETURN RESIDENT DECEDENT 21 06 0324 Date of Birth 193-36-4811 03/19/2006 11/16/1915 Decedent's Last Name Suffix Decedent's First Name MI Costopoulos Katherine (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW . 1. Original Return 2. Supplemental Return 3. Remainder Return (date of death prior to 12-13-82) 5. Federal Estate Tax Return Required 4a. Future Interest Compromise (date of death after 12-12-82) 7. Decedent Maintained a Living Trust (Attach Copy of Trust) 10. Spousal Poverty Credit (date of death 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. 0) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED 'f0: Name Daytime Telephone Number } 4. Limited Estate . 6. Decedent Died Testate (Attach Copy of Will) 9. Litigation Proceeds Received 8. Total Number of Safe Deposit Boxes -, George J. Costopoulos (717) 243-0407 --) Firm Name (If Applicable) :... _J I ) , ) First line of address 10 East Louther Street , \ ) ., I Second line of address First Floor City or Post Office State ZIP Code Carlisle PA 17013 Correspondent's e-mail address:gjc@costopouloslaw.com Under penalties 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- nd complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. DATE 06/13/06 SIGNATURE PER~ON RESPO~LE FOR FILING RETURN ___ _ n____~ - _(l'~_----",-..~_ _~_~ ADDRESS 10 Sout Courthouse Avenue, Carlisle, PA 17013 SIGNATUR Of PREPARER OTHER TI4AN REPRESENTATIVE . - ..~ -_...~--"._--,-~_...._---~~,-~~_.._--~._--'-- ADDRESS 10 East Lduther Street, Carlisle, PA 17013 PLEASE USE ORIGINAL FORM ONLY DATE 06/13/06 Side 1 L 15056051058 15056051058 .-J -.J 15056052059 REV-1500 EX Decedent's Name: Katherine Costopoulos RECAPITULATION 1. Real estate (Schedule A). 2. Stocks and Bonds (Schedule B) . . 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) 4. Mortgages & Notes Receivable (Schedule D) . . . 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) . . . . 6 Jointly Owned Property (Schedule F) Separate Billing Requested . . . 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) Separate Billing Requested.. 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 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) TAX COMPUTATION - SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .0_ 0.00 16. Amount of Line 14 taxable at lineal rate X.o 45 1,497,195.42 . . . 10. 11. .12. . . . . . . 13. . . 14. 15. 16. 17. Amount of Line 14 taxable at sibling rate X .12 0.00 17 18 Amount of Line 14 taxable 0.00 at collateral rate X .15 18. 19 TAX DUE. . . . 19 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 15056052059 Side 2 L 193-36-4811 Decedent's Social Security Number 1. 2. 3 4. 5. 6 7. 8. 9. 340,150.00 943,973.65 0.00 0.00 87,549.60 0.00 161,293.69 1,532,966.94 35,771.52 0,00 35,771.52 1,497,195.42 0.00 1,497,195.42 0,00 67,373.79 0.00 0.00 67,373.79 15056052059 .-J REV-1500 EX Page 3 File Number Decedent's Complete Address: DECEDENT'S NAME Katherine ~_.--~..._~- STREET ADDRESS 635 South Hanover Street 21 06 0324 Costopoulos DECEDENT'S SOCIAL SECURITY NUMBER 193-36-4811 ---- ---------- I- .-~ CITY Carlisle . ZIP i 17013 I STATE i PA Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discoun' (1) 67,373.79 3,368.68 Total Credits ( A + B + C ) (2) 3,368.68 3. InteresUPenalty if applicable O. Interest E. Penalty --------- TotallnteresUPenalty ( 0 + E ) (3) 4_ If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. (4) 5 If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 0.00 0.00 64,005.11 B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5A) (5B) A. Enter the interest on the tax due. 64,005.11 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X"IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred:............................... . ................................ .. 0 [i] b. retain the right to designate who shall use the property transferred or its income:.... .................... . .. 0 [i] c. retain a reversionary interest; or............. . ................. .. ...................................... .. ................. 0 [i] d. receive the promise for life of either payments, benefits or care? ............. .................. ....... 0 [i] 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? .............. ...................... ........................... .... 0 [i] 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .......... . 0 [i] 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ................ ..................... ............................................. ...... [i] 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. 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 three (3) percent [72 P.S. ~9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [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 zero (0) percent [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 four and one-half (4.5) percent, 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 twelve (12) percent [72 P.S. ~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. REV-1502 EX + (6-98) SCHEDULE A REAL ESTATE COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF KATHERINE COSTOPOULOS FILE NUMBER 0324 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 orooerty which is iointlv-owned with riaht of survivorship must be disclosed on Schedule F. 3. DESCRIPTION HOUSE AND LOT AT 635 SOUTH HANOVER STREET, CARLISLE, PA 17013 Value based on current real estate tax assessment See assessment attached at Exhibit "8" VACANT LOT AT 619 SOUTH HANOVER STREET, CARLISLE, PA 17013 Value based on current real estate tax assessment See assessment attached at Exhibit "C" COTTAGE AT 622 PINE GROVE ROAD, GARONERS, PA 17324 Value based on current real estate tax assessment See assessment attached at Exhibit "0" VALUE AT DATE OF DEATH 233,220.00 ITEM NUMBER 1. 2. 30,000.00 76,930.00 TOTAL (Also enter on line 1, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 340,150.00 REV-1503 EX + (6-98) SCHEDULE B STOCKS & BONDS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF KA THERINE COSTOPOULOS FILE NUMBER 0324 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION TO WATERHOUSE INVESTOR SERVICES, INC. Account # 438-07671-13 Various stocks as shown on letter attached as Exhibit "E" VALUE AT DATE OF DEATH 943,973.65 NOTE: Although the above account was established with decedent's son, James C. Costopoulos, as joint tenants with right of survivorship, all of the funds were owned by the decedent: none belonged to James. C. Costopoulos. The sole purpose of the joint tenancy was to facilitate assistance to the decedent in the management of this account. Disclaiming any interest as a surviving joint owner, James C. Costopoulos's only claim to this account is as a residuary heir of the estate. TOTAL (Also enter on line 2, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 943,973.65 REV-1504 EX + (6-98) SCHEDULE C ClOSEl Y.HElD CORPORATION, PARTNERSHIP OR SOlE.PROPRIETORSHIP COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF KA THERINE COSTOPOULOS FILE NUMBER 0324 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 0.00 TOTAL (Also enter on line 3, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 0.00 REV-1507 EX + (6-98) '* COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE D MORTGAGES & NOTES RECEIVABLE ESTATE OF KATHERINE COSTOPOULOS FILE NUMBER 0324 All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION VALUE AT DATE OF DEATH NONE 0.00 TOTAL (Also enter on line 4, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 0.00 REV-1508 EX + (6-98) '* COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF KA THERINE COSTOPOULOS FILE NUMBER 0324 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION TD WATERHOUSE MONEY MARKET ACCOUNT NO. 438-07671-13 Account No. 438-07671-1-3 See letter attached as Exhibit "E" VALUE AT DATE OF DEATH 68,777.83 NOTE: Although the above account was established with decedent's son, James C. Costopoulos, as joint tenants with right of survivorship, all of the funds were owned by the decedent: none belonged to James C. Costopoulos. The sole purpose of the joint tenancy was to facilitate assistance to the decedent in the management of this account. Disclaiming any interest as a surviving joint owner, James C. Costopoulos's only claim to this account is as a residuary heir of the estate. 2. M & T BANK Checking Account No. 441686 Value based on letter attached as Exhibit "F" 18,771.77 TOTAL (Also enter on line 5, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 87,549.60 REV-1509 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE F JOINTLY-OWNED PROPERTY ESTATE OF KA THERINE COSTOPOULOS FILE NUMBER 0324 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. B c JOINTLY-OWNED PROPERTY: LETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR DATE OF DEATH DECD'S VALUE OF NUMBER TENANT JOINT IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. VALUE OF ASSET INTEREST DECEDENT'S INTEREST . 1. NONE 0.00 0.00 TOTAL (Also enter on line 6, Recapitulation) $ 0.00 (If more space is needed, insert additional sheets of the same size) REV-1510 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF KATHERINE COSTOPOULOS SCHEDULE G INTER.VIVOS TRANSFERS & MISC. NON.PROBA TE PROPERTY FILE NUMBER 0324 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 ITEM iNCLUDE THE NAME OF THE TRANSFEREE. THEIR RELATIONSHIP TO DECEDENT AND DATE OF DEATH % OF DECD'S EXCLUSION TAXABLE NUMBER THE DATE OF TRANSFER. ATIACH A COPY OF THE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST VALUE (IF APPlICABLEI 1. AIG ANNUITIES 54,802.34 100. 54,802.34 Policy No. BX204428 Value as shown on letter attached as Exhibit "G" 2. AIG ANNUITIES 40,067.65 100. 40,067.65 Policy No. BX202945 Value as shown on letter attached as Exhibit "G" 3. AIG ANNUITIES 10,041.27 100. 10,041.27 Policy No. BX204802 Value as shown on letter attached as Exhibit "G" 4. AIG ANNUITIES 28,468.61 100. 28,468.61 Policy No. BX204999 Value as shown on letter attached as Exhibit "G" 5. AIG ANNUITIES 27,913.82 100. 27,913.82 Policy No. BX205196 Value as shown on letter attached as Exhibit "G" TOTAL (Also enter on line 7 Recapitulation) $ 161,293.69 (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 ESTATE OF KATHERINE COSTOPOULOS SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS FILE NUMBER 0324 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. EWING BROTHERS FUNERAL HOME, INC. - Funeral Services 9,385.95 2. WESTMINSTER CEMETERY - Gravesite 1,150.00 3. PHILOPTICHOS SOCIETY - Donation 1,000.00 4. MEMORIAL GRATUITIES 1,150.00 5. SUNNYSIDE RESTAURANT - Funeral Luncheon 4,234.79 6. THOMAS PAPOUTSIS - Funeral Candles 50.00 7. GEORGE'S FLOWERS 345.56 8. HOTEL CARLISLE - Memorial Service and Luncheon 1,057.00 9. ALLAN REDDING - Gravemarker 745.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative (s) Social Security Number(s)/EIN Number of Personal Representative(s) Street Address City State Zip Year(s) Commission Paid: 2. Attorney Fees GEORGE J. COSTOPOULOS, ESQUIRE 10,000.00 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 REGISTER OF WILLS 930.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7 . REGISTER OF WILLS - File Inventory and Appraisement 30.00 8. IRWIN & BAYLEY - Attorney Fees 1,500.00 9. REAL ESTATE EXPENSES - Expenses for utilities, property taxes and property 4,193.22 maintenance for all three tracts of real estate TOTAL (Also enter on line 9, Recapitulation) $ 35,771.52 (If more space is needed, insert additional sheets of the same size) REV-1512 EX + (12-03) '* SCHEDULE. DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF KATHE~NECOSTOPOULOS FILE NUMBER 0324 Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses. ITEM NUMBER 1. DESCRIPTION VALUE AT DATE OF DEATH NONE 0.00 TOTAL (Also enter on line 10, Recapitulation) $ 0.00 (If more space is needed, insert additional sheets of the same size) ~~.'''m.,"* COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF KATHERINE COSTOPOULOS SCHEDULE J BENEFICIARIES FILE NUMBER 0324 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I. TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] 1. JAMES C. COSTOPOULOS Lineal 204,446.15 10 South Courthouse Avenue Carlisle, PA 17013 2. WILLIAM C. COSTOPOULOS Lineal 406,366.72 831 Market Street Lemoyne, PA 17043 3. JOHN C. COSTOPOULOS Lineal 412,022.82 92 Grove Street, Apartment 34 New York, NY 4. PAUL C. COSTOPOULOS Lineal 254,446.15 3562 Westbury Road Birmingham, AL 35223 5. TOM C. COSTOPOULOS Lineal 26,882.28 127 Regency Woods North Carlisle, PA 17013 6. VIRGINIA SCHMITT Lineal 228,802.82 1 Shover Drive Carlisle, PA 17013 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. NONE 0.00 B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. NONE 0.00 TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ 0.00 (If more space is needed, insert additional sheets of the same size) B)(lllBlt A LAST WILL AND TESTAMENT OF KA THERINE COSTOPOULOS . I, KATHERINE COSTOPOULOS, of 635 South Hanover Street in the Borough of Carlisle, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament hereby revoking and making void any and all Wills by me at any time heretofore made. I. I direct my hereinafter named Executors to pay all of my just debts and funeral expenses as soon after my death as may be found convenient to do so. I direct that my funeral services and the interment of my body be as my Executor or Executors shall deem appropriate. 2. I direct that all inheritance, transfer, succession, estate and death taxes which may be payable on account of my death shall be paid from the residue of my estate as debts of my estate, including interest and penalties thereon, regardless of whether the assets upon whieh such taxes are based arc included in my probate estate. 3 A. If at the time of my death, I am the owner of the cabin located at Laurel Lake in Cooke Township, Cumberland County, Pennsylvania, which is located on land leased frolll the Commonwealth of Pennsylvania, I give, devise and bequeath the same to my three sons, James C. Costopoulos, William C. Costopoulos, and Paul C. Costopoulos, their heirs and assigns, as equal tenants in common provided each of them shall survive me by a period of ninety days but should any of them fail to survive me then the share which such deceased son of mine would have received shall pass to such of his legitimate issue as shall survive me by a period of ninety (90) days, their heirs and assigns, per stirpes. 3 B. I give, devise and bequeath my house and the land on which it is located at 635 South Hanover Street, in the Borough of Carlisle, Cumberland County, Pennsylvania, (but not the vacant lot nearby which is located North of the property known as 629 South Hanover Street) to my son John C. Costopoulos, his heirs and assigns, provided he shall survive me by a period of ninety (90) days but should he fail to survive me then the same shalllaspe and be included in the residue of my estate. 4. If IllY husband, Costas CostopouJos, shall survive me, tlH~n in such event all ur the rest, residue and remainder of my estate, real, personal and mixed, and wheresoever the sallie may be situate, up to a maximum of the amount which will exhaust the Unified Credit for Federal Estate Tax purposes, which at the present time is $625,000.00, I give, devise and bequeath to my hereinafter named Trustees, in trust, to receive and to invest the same and to pay the income arising therefrom at least annually to or for the benefit of my husband, Costas Costopoulos, so long as he shall live, and at his death the same shall terminate and be divided into six (6) shares as follows: a. One (I) share for my son, James C. Costopoulos; b. One (I) share for my son, John C. Costopoulos; c. Two (2) shares for my son, William C. Costopoulos; d. One (I) share for my son, Paul C. Costopoulos; and e. One (1) share for my daughter, Virginia Schmitt; their heirs and assigns, provided each of them shall survive both my husband and me by a period of ninety (90) days, but should any of them fail to survive both my husband and me then the share which my son James C. Costopoulos would have received shall be divided in equal shares among his three (3) sons, who are Constantinos J. Costopoulos, George J. Costopoulos, and John J. Costopoulos, their heirs and assigns, per stirpes; the share which my son John C. Costopoulos would have received shall be added proportionally to the shares provided for my other four (4) children who are James C. Costopoulos, William C. Costopoulos, Paul C. Costopoulos and Virginia Schmitt, their heirs and assigns, per stirpes; the share which my son William C. Costopoulos would have received shall be divided equally among his three (3) daughters who are Kara C. Costopoulos, Christina Costopoulos, and Calista Costopoulos, their heirs and assigns, per stirpes; the two shares which my son Paul C. Costopoulos would have received shall be divided equally between his two (2) children who are Angelina Costopoulos and Nicole Costopoulos, their heirs and assigns, per stirpes; and the share which my daughter Virginia Schmitt would have received shall be divided in equal shares between her two (2) children who are Nathan Schmitt and Katherine Schmitt, their heirs and assigns, per stirpes. No title, in the Trust Estate hereby created, or in the income accruing therefrom, or in its accumulation, shall vest in any beneficiary and no beneficiary shall have the right or power to transfer, assign, anticipate or encumber his or her interest in said Trust Estate, or the income Page I of 4 Pages therefrom, prior to the actual distribution thereof by the Trustee to said beneficiary. Further, neither the income nor the principal of said Trust Estate shall be liable in any manner, in the possession of the Trustee, for the debts, contracts or engagements of any of the beneficiaries. If my husband, Costas Costopoulos, shall fail to survive me then the distribution provided in paragraph No.4 shall be made directly to the persons named therein without passing through the Trust provided in this paragraph NO.4. 5. All of the rest, residue and remainder of my estate, real, personal and mixed, and wheresoever the same may be situate, I give, devise and bequeath to my husband, Costas Costopoulos, his heirs and assigns, provided he shall survive me by a period of ninety (90) days, but should he faillo so survive me then I give, devise and bequeath the same as follows: a. Fifty Thousand ($50,000.00) Dollars to my son, William C. Costopoulos; b. Fifty Thousand ($50,000.00) Dollars to my son, Paul C. Costopoulos; c. Fifty Thousand ($50,000.00) Dollars to my daughter, Virginia Schmitt; their heirs and assigns, provided each of them shall survive me by a period of ninety (90) days, but should any of them fail to survive me then the amount which such deceased child of nune would have received shall be paid to such of his or her legitimate issue as shall survive me by a period of ninety (90) days, their heirs and assigns, per stirpes. The remainder thereof I give, devise and bequeath the same in six (6) equal shares to five (5) of my six children as follows: a. One (I) share for my son, James C. Costopoulos; b. One (I) share for my son, John C. Costopoulos; e. Two (2) shares for my son, William C. Costopou]os; d. One (I) share for my son, Paul C. Costopoulos; and e. One (I) share for my daughter, Virginia Schmitt; their heirs and assigns, provided each of them shall survive both my husband and me by a period of ninety (90) days, but should any of them fail to survive my husband and me then the share which my son James C. Costopoulos would have received shall be divided in equal shares among his three (3) sons, who are ConstanlillOS J. Costopoulos, George J. Costopoulos, and 10hn 1. Costopoulos, their heirs and assigns, per stirpes; the share which my son John C. Costopoulos would have received shall be divided equally among my other four (4) children, their heirs and assigns, per stirpes; the share which my son William C. Costopoulos would have received shall be divided equally among his three (3) daughters who are Kara C. Costopoulos, Christina Costopoulos, and Calista Costopoulos, their heirs and assigns, per stirpes; the two shares which illY son Paul C. Costopoulos would have received shall be divided equally between his two (2) children who are Angelina Costopoulos and Nicole Costopoulos, their heirs and assigns, per stirpes; and the share which my daughter Virginia Schmitt would have received shall be divided in equal shares between her two (2) children who are Nathan Schmitt and Katherine Schmitt, their heirs and assigns, per stirpes. 6. I hereby nominate, constitute and appoint my son, James C. Costopoulos, and my son, William C. Costopoulos, as co-Trustees of the Trust hereinbefore provided in paragraph No. 5, but should either of them decline to serve or cease serving as such, in such event I nominate, constitute and appoint my daughter, Virginia Schmitt, as alternate or successor Trustee for the son who declined to serve or ceased serving, but should all three of them decline to serve or cease serving as such, then in such event I nominate, constitute and appoint Financial Trust Services Company and its successors, One West High Street, Carlisle, Pennsylvania, as alternate or successor Trustee. 7. I hereby nominate, constitute and appoint my son, James C. Costopoulos, and my son, William C. Costopoulos, as co-Executors of this my Last Will and Testament, but should either one of them predecease me or decline to serve or cease serving as such, then in such event I nominate, constitute and appoint my daughter Virginia Schmitt, as alternate or successor Executor to replace the son who declined to serve or ceased serving as such, but should all three of them decline to serve or cease serving as such, then in such event I nominate, constitute and appoint Financial Trust Services Company and its successors, One West High Street, Carlisle, Pennsylvania, as alternate or successor Executor. 8. Should any person less than 21 years of age be entitled to distribution from my estate, in such event I nominate, constitute and appoint my hereinbefore named Executors and their successors as Guardians of the estate of each such person and authorize and direct them as such Guardians to receive or retain and invest the same and to pay the income arising therefrom at least Page 2 of 4 Pages annually logcthcr with so much of the principal thereof as in the opinion of such Guardians is Ilcccssary or desirable to be expended for the proper maintenance, support, and education of such person, to or for the benefit of such person, and upon such person attaining 21 years of age to pay to him or her the then remaining principal togcther with any undistributed income. 9. The meaning of "Iegitimatc issue" as used in this Last Will and Testament shall be limitcd to a child or children born to a female descendent of Testator regardless of whether the mother is married to the father of such child or children, and shall be limited to a child or children born to a male descendent of Testator where the father of such child or children is married to the mother eithcr before or after the birth of the child or children. In any case the meaning of "child" or "children" or "legitimate issue" as used above shall NOT include any adopted child or children. 10. In addition to the powers conferred by law, my Executors and Trustees and Guardians hereinbcCore named, and their successors, are empowered: a. To invest any part of the trust corpus in such securities, investments, or other plOperty as may be deemed advisable and proper, irrespective of whether the same are authorized for the investment of trust funds under the laws of any governing jurisdiction. b. With respect to any corporation, the stocks, bonds, or other securities of which may be held, to vole in person or by proxy on any shares of stock; to consent to the merger, consolidation or reorganization of such corporations; to consent to the leasing, mortgaging or sale of the property of any such corporations; to make any surrender, exchange or substitution of such stocks, bonds or other securities as an incident to the merger, consolidation or reorganization of such corporations; to pay all assessments, subscriptions and other sums of money which may be dccmcd wise and expedicnt for tile protection and maintenance of thc proportionate interest of thc investment in such corporations; to exercise any option or privilege which may be conferrcd upon the holders of such stocks, bonds, or other securities of such corporations either for the conversion of thc same into other securities or for the purchase of additional securities, and to make any and all necessary payments which may be required in connection therewith; and generally to have and cxercise as to all such stocks, bonds and other securities, the powers of an individual owner who is under trust obligation. c. To hold the trust corpus in one or more consolidated funds in which separate shares shall have undivided interests. d. To sell at public or private sale for cash or upon credit, or partly for cash and partly on credit, and upon such terms and conditions as shall be deemed proper, any part or parts of the trust estate, and no purchaser at any such sale shall be bound to inquire into the expediency or propriety of any such sale or to see to the application of the purchase moneys arising therefrom. e. To keep on hand and uninvested such money as may be deemed proper and for such period as may be found expedient. f. To compromise, settle or arbitrate any claim or demand in favor of or against the trust estatc. g. And authorized in the discharge of fiduciary duties, to employ counscl and to detcrmine and to pay such counsel reasonable compensation which shall be charged against the principal or income of the trust fund, and shall further be entitled to charge against the principal or income such other reasonable expenses and charges as may be necessary and proper to incur for the propcr discharge of fiduciary duties and for the proper management and administration of the trust estate. h. In making any division of property into shares for the purpose of any distribution thereof directed by the provisions of the trust, to make such division or distribution, either in cash or in kind, or partly in cash and partly in kind, as shall be deemed most expedient, and in making any division or distribution in kind may allot any specific security or property or any undivided intcrest therein to anyone or more of such shares, and to that end may appraise any or all of the property so to be allotted and the judgment as to the propriety of such allotment and as to the relative value for purposes of distribution of the securities or property so allotted shall be final and conclusive upon all persons interested in the trust or in the division or distribution thereof. i. Authorized to register any shares of stock or other assets of any trust in their own names or in the name of a nominee. J. To retain and invest in shares of stock of my TlUstee. k. To retain any investments including mutual funds which I may own at the time of Page 3 of 4 Pages my death and in addition to invest any part of the Trust corpus in such mutual fund or mutual funds as may be deemed advisable or proper, irrespective of whether the same are authorized for the investment of trust funds under the laws of any governing jurisdiction. I. To determine from time to time whether all or some portion of realized capital gains shall be treated as ordinary income for distribution to a beneficiary or treated as principal to be retained as part of the corpus, and such designation need not be consistent from one year to another. 11. All powers, duties and discretionary authority granted to my Executors and Trustees and Guardians or their successors may be exercised without posting any bond, without obtaining any order or approval of any court, and without any notice to or consent of anyone. 12. If any provision of this Will shall be unenforceable, the remaining provisions shall nc vcrthcless be carried into effect. 13. I make no provision in this my Last \Vill and Testament for my son Thomas C. Costopoulos, not for any want of affection for him but because he has received from me everything which I wish him to receive. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this my Last Will and Testament written on four (4) pages, this1-t1J day of 1ft 4 10Cf'7 f!J!IAiu-- Q7~Y- atherinc Costopoulos ~ (SEAL) Signed, sealed, published, and declared by KA TI-lERINE COSTOPOULOS, the Testator above named, as and for her Last Will and Tcstament, in our presence, who, in his presence, at her request, and in the presence of each other, have hereunto subscribed our names as attesting W",,",,",. j~ ~ ~-;/ Page 4 of 4 Pages EXHIBIT B ::'>Gr-IUVV AL.L.UUN I S HAV!: 1:l!:!:N NOTIFIED, YOU MAY WANT o CONFIRM WITH YOUR REPRESENTATIVE AY ABLE TO CARLISLE BOROUGH TAX ACCOUNT PO BOX 100 CARLISLE, PA 17013 Ese ASSESS. NO - 03000367 MAP NO: 03-22-0483-010 635 S HANOVER STREET ACRES .480 DEED 00123/ 01019 LOTS 18 - 21 MB 13 PG 77 Residential Building RESIDENTIAL TAX AYER COSTOPOULOS, KATHRINE 15 SOUTH HANOVER STREET CARLISLE PA 17013 FFICE MONDA Y - FRIDAY 8:00AM-4:00PM DURS CLOSED HOLIDAYS CASH ONLY AFTER 12/15/2006 PHONE: (717) 249-4422 r~vt)/L Assessed Land Improvement Mineral Total Values 50 000 183 220 0 233 220 COUNTY OF CUMBERLAND D1l1COUnt Face Penalty Rates .00219700 .00219700 2 % 10 ' COUNTY R/E 109.85 402.53 502.13 512 " 38 563.6: Rates .00018000 .00018000 2 % 10 ' COUNTY LIB 9.00 32.98 41.14 41. 98 46.lE BOROUGH OF CARUSLE I Rates .00281000 00281000 2 % 10 1 MUNIC. R/E 140.50 514.85 642.24 655.35 720.8, TAX AMOUNT DUE-> $1,185.51 $1,209.71 $1,330.6' Xf Paid On or ~t.r ~~?~?006 5/01/2006 7/01/200( If Paid On or Before 4 30 2006 6/30/2006. --_._~ Control No' 003 - 000367 TAXPAYER COpy 2006 Statement of Real Estate Taxes Bill No: Bill Date" IF NOT PAID BY 121151200l11'H1S BILL WILL BE RETURNED TO TAX CLAIM BUREAU FOR COLLEcnoN AND RUNG OF A UEN AGAINST YOUR PROPERTY. 119~ 3/01/200 12/1512006 .. SEE REVERSE SIDE OF BILL FOR A BREAKDOWN OF YOUR COUNTY TAX DOLLARS .. Return Bill with pavment. For a Recelot Fnr.lni:ip.~Filntrlnr"",,,,i>rl ~t::>mn"rl l':n""Ii'M E)(1l1B lry C :CROW ACCOUNTS HAVE BEEN NOTIFIED. YOU MAY WJl\lT ) CONFIRM WITH YOUR REPRESENTATIVE - { ABLE o CARLISLE BOROUGH TAX ACCOUNT PO BOX 100 CARLISLE, PA 17013 sc ASSESS.NO - 03000365 MAP NO: 03-22-0483-008 619 S HANOVER STREET ACRES .250 DEED 00123/ 01019 LOTS 14 & 15 MB 13 PG 77 Vacant Land VACANT LOT -LESS THAN 1 ACRE TAX AYER COSTOPOULOS. KATHERINE 10 SOUTH COURT HOUSE A VENUE #103 CARLISLE PA 17013 )FFIGE MONDAY - FRIDAY 8:00AM-4:00PM 'OURS CLOSED HOLlDA VS CASH ONL V AFTER 12/1512006 PHONE: (717) 249-4422 /1 11 !~ Assessed Land Improvement Mineral Total Values 30.000 0 0 30,000 COUtll'Y OF CUMBERLAND D1t1COunt Face Penalty Rates .00219700 2 t 10 % COUNTY RIE 65.91 64.59 65.91 72.50 Rates .0001BOOO 2 % I 10 % COUNTY LIB 5.40 5.29 5.40 5.94 BOROUGH OF CARUSLE I ! Rates .00231000 2 't; I 10 % MUNIC. R/E 84.30 62.61 84.30 92.73 TAX AMOUNT DUE-> $152.49 $155.61 $171.17 xl Paid On or After 3jO~j~006 5/01/2006 7/01/2006 If paid On or Before 4 30 2006 6/30/2006 Control No' 003.000365 TAXPAYER CUf-JY 2006 Statement of Real Estate Taxes Bil/Date Dn. .11..,.. IF NOT PAID BY 12115f20081ll1S BILL WILL BE RETURNED TO TAX CLAIM BUREAU FOR COLLECTION AND flUNG OF A UEN AGAINST YOUR PROPERTY. 3/01/2006 12/15J2006 .. SEE REVERSE SIDE OF BILL FOR A BREAKDOWN OF YOUR COUNlY TAX DOLLARS .. . r.__ - ';M;";:;;-~;;;I~~-;;.i::iAirAdd;~~;;d Sta' EXHIBIT D TAXES ARE ESCROWED, FORWARD THIS BILL TO YOUR GRTGAGE CO. $1.00 FEE FOR EACH ADDITIONAL RECEIPT .YABLE '0: JANET E. FRANTZ, TAX COLLECTOR 64 PINE TREE DRIVE NEWVILLE, PA 17241 'sc ASSESS. NO - 07000243 MAP NO: 07-41-2693-035 00lC035 622 PINE GROVE ROAD LEASED LAND-1C035 Seasonal-Used < 50% Of Year RESIDENTIAL - SEASONAL TAX \YER COSTOPOULOS, COSTAS SUITE 103 10 SOUTH COURTHOUSE AVENUE CARLISLE PA 17013 FFICE TUESDAY 6-8PM OURS OR BY APPOINTMENT PHONE (717) 486-5867 ."\ l.' " ~\IV l':^J TAXPAYER COpy Bill No: 56 Control No: 007 - 000243 2006 Statement of Real Estate Taxes Bill Date: 3/01 /2001 Assessed Land Improvement Mineral Total Values 0 76 930 0 76 930 COUNTY OF CUMBERLAND D1lCOunt Face Pena Rates .00219700 2 % 10 s COUNTY R E 169.02 165.64 169.02 18S.9: Rates .00018000 2 % 10 j COUNTY LIB 13.85 13.57 13.85 15.24 TOWN HIP F COOKE Rates .00150000 10 1 MUNIe. R E 115.40 115.40 126.94 ~c4ot 3 fa ( QctJ C:7 Ok..#- Qct4Q TAX AMOUNT DUE -> 12/1512006 .. SEE REVERSE SIDE OF BILL FOR A BREAKDOWN OF YOUR COUNTY TAX DOLLARS .. E)(1l1Bl~ E Waterhouse TD Waterhouse Investor Services, Inc. 717 Market Street, Suite 10 1 Lemoyne, PA 17043 T: 800.934.4448 tclwaterhouse.com Friday, May 26, 2006 George Costopoulos 10 East Louther Street First Floor Carlisle, PA 17013 Re: Account # 438-07671-13 Katherine Costopoulos Dear George, This letter is to confirm that on 03/19/2006, the value of account number 438-07671 Katherine Costopoulos & James Costopoulos Jt Ten was $1,012,751.40. This included $68,777.83 in the money market and the following stocks: ADLR: Adolor Corp (1,000 shares @ $25.05) = $25,050 BMY: Bristol Myers Squibb Co (700 shares @ $22.92) = $16,044 CSt: Carlisle Companies Inc (6,200 shares @ $79.82) = $494,884 FUN: Cedar Fair LP (1,000 shares @ $28.78) = $28,780 EPD: Enterprise Products Pminers LP (1,357 shares @ $24.58) = $33,355.06 HT: Hersha Hospitality Trust (2,000 shares @ $9.39) = $18,780 MTB: M&T Bank Corp (613 shares @ $117.19) = $71,837.47 PENN: Penn National Gaming (1,000 @ $39.70) = $39,700 POM: Pepco Holdings Inc (848 shares @ $23.65) = $20,055.20 SGP: Schering Plough Corp (500 shares @ $18.48)= $9,240 SPI-I: Suburban Propane Partners LP (2,000 shares @ $28.10)= $56,200 TE: Teco Energy (1,600 shares @ $16.64)= $26,624 UGI: UGI Corp Holding Co (3,000 shares @ $21.96)= $65,880 VKMGX: Van Kampen US Mortgage Fund (2,774.865 shares @ $13.53) = $37,543.92 Please use this for your records as you attempt to settle her estate. Sincerely, ~1LlC\ ,'~ 1n~~ Joshua H McCarty Investment Consultant Member N'iSE/SIPC EXHIBIT F EXHIBIT G ___ _ ....... ....... a" r\'I'.' n" n"7 1"7 T I Q n INVENTORY , Deceased No. 21 06 0324 Date of Death 3 / 19 /2 006 Social Security No. 1933 64811 Estate of KATHERINE COSTOPOULOS also known as Personal Representative(s) of the above Estate, deceased, verify that the items appearing in the following inventory include all of the personal assets wherever situate and all of the real estate in the Commonwealth of Pennsylvania of said Decedent, that the valuation placed opposite each item of said inventory represents its fair value as of the date of the Decedent's death, and that Decedent owned no real estate outside the Commonwealth of Pennsylvania except that which appears in a memorandum at the end of this inventory_ I/We verify that the statements made in this inventory are true and correct. I/We understand that false statements herein made are subject to the penalties of 18 Pa. C.S. Section 4904 relating to unsworn falsification to authorities. Personal Representative: Name of Attorney: GEORGE J. COSTOPOULOS I.D. No.: JAMES C. COSTOOPOULOS WILLIAM C. COSTOPOULOS Address: 10 EAST LOUTHER STREET CARLISLE Dated PA 17013 Telephone: 7172430407 Description TD WATERHOUSE INVESTOR SERVICES, INC. Account # 438-07671-13 Value 943,973.65 TO WATERHOUSE MONEY MARKET ACCOUNT NO. 438-07671-13 Account No. 438-07671-1-3 68,777.83 M & T BANK Checking Account No. 441686 18,771.77 HOUSE AND LOT AT 635 SOUTH HANOVER STREET CARLISLE, PA 17013 233,220.00 VACANT LOT AT 619 SOUTH HANOVER STREET CARLISLE, PA 17013 30,000.00 COTTAGE AT 622 PINE GROVE ROAD, GARDNERS, PA 17324 .l.., ..1..'=i j"-\ .. " h.) , "'0 _!~<,!-.../ "-.1''''''; 76,930.00 SS :~ Uj ,.J Ijlt~t-..... "r,' t. I 1\1 II ::l(..:.:~ 1,371,673.25 (Attach Additional Sheets if necessary) NOTE: The Memorandum of real estate outside the Commonwealth of Pennsylvania O)ay, at thE) election of the personal representative, include the value of each item, but such figures should not be extended into the tota[o.t.tbeJ.n\(~!Jt9ry;_' ___ RW-4 ,".> .''''\''