HomeMy WebLinkAbout07-14-06
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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
INHERITANCE TAX RETURN
RESIDENT DECEDENT
OFFICIAL USE ONLY
County Code Year
File Number
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Date of Birth
239-12-2776
02/24/2006
OS/20/1919
Decedent's Last Name
Suffix
Decedent's First Name
MI
Gates
Alice
F
(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
4. Limited Estate
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 TO:
Name Daytime Telephone Number
.
6. Decedent Died Testate
(Attach Copy of Will)
9. Litigation Proceeds Received
o
8. Total Number of Safe Deposit Boxes
James D. Flower, Jr.
(717) 243-6222
Firrn Name (If Applicable)
REGISTER OF WILLS USE ONLY
Saidis Flower & Lindsay
First line of address
26 West High Street
Second line of address
City or Post Office
Carlisle
State
ZIP Code
DATE FilED
PA
17013
Correspondent's e-mail address:jflowerjr@sfl-Iaw.com
S.3IG~E OF PERSON RESPO~LE FOR FILING RETURN
~~~- ~_.
ADDRESS
1013 Dunvegan Road, West Chester, PA 19382
SI,GNATURE OF PREPARER OTH-ER.'THAN~PRESENTATIVE
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.Ab R'ESS . ... - - -,
2 West High Street, Carlisle, PA 17013 J
PLEASE USE ORIGINAL FORM ONLY
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 preparer other than the personal representative is based on all information of which preparer has any knowledge.
DATE
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DATE
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Side 1
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15056051058
15056051058
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15056052059
REV-1500 EX
Decedent's Social Security Number
Decedent's Name:
Alice
F Gates
239-12-2776
RECAPITULATION
Real estate (Schedule A). 1.
0.00
2 Stocks and Bonds (Schedule B) 2.
762,29692
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) . 3.
0.00
4. Mortgages & Notes Receivable (Schedule D) . 4.
0.00
5 Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) . 5.
183,779.58
6. Jointly Owned Property (Schedule F) Separate Billing Requested. 6.
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) Separate Billing Requested.. 7
0.00
682,713.96
8 Total Gross Assets (total Lines 1-7). 8
1,628,790.36
9. Funeral Expenses & Administrative Costs (Schedule H). 9
5,551.22
10 Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) . . 10.
20,340.84
11 Total Deductions (total Lines 9 & 10). 11
25,892.06
1,602,898.30
12 Net Value of Estate (Line 8 minus Line 11) . . 12.
13. Charitable and Governmental Bequests/See 9113 Trusts for which
an eiection to tax has not been made (Schedule J) . . . . . . . . . . . 13.
0.00
14 Net Value Subject to Tax (Line 12 minus Line 13) 14.
1,602,898.30
TAX COMPUTATION - SEE INSTRUCTIONS FOR APPLICABLE RATES
15 Amount of Line 14 taxable
at the spousal tax rate, or
transfers under See. 9116
(a)(1.2) XO_
16 Amount of Line 14 taxable
at lineal rate X.O 45
17 Amount of Line 14 taxable
at sibling rate X .12
18 Amount of Line 14 taxable
at collateral rate X 15
0.00
15. 0.00
16. 72,130.42
17 0.00
18 0.00
19. 72,130.42
1,602,898.30
0.00
0.00
19 TAX DUE
20, FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
.
15056052059
Side 2
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1505(-3052059
--...I
REV-15DO EX Page 3
Decedent's Complete Address:
DECEDENTS NAME
Alice F Gates
STREET ADDRESS
442 Walnut Bottom Road
File Number
DECEDENTS SOCIAL SECURITY NUMBER
239-12-2776
CITY
Carlisle
STATE
PA
ZIP
17013
Tax Payments and Credits:
1. Tax Due (Page 2 Line 19)
2 Credits/Payments
A Spousal Poverty Credit
B. Pnor Payments
C Discount
(1)
72,130.42
0.00
-----_.~._^--._-----------
68,334.84
- -----
3,796.26
Total Credits ( A + B + C ) (2)
3 InteresUPenalty If applicable
D Interest
E. Penalty
72,13110
0.00
0.00
- ----...--------- TotallnteresUPenalty ( D + 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)
0.00
0.68
8, Enter the total of line 5 + SA ThiS is the BALANCE DUE.
(SA)
(58)
0.00
0.00
5. If Line 1 - Line 3 IS greater than line 2, enter the difference. This is the TAX DUE. (5)
A Enter the Interest on tne tax due.
0.00
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
Did decedent make a transfer and:
a. retain the use or Income of the property transferred; ..................... ...................
b. retain the right to deSignate who shall use the property transferred or its Income;
c. retain a reversionary interest; or. ....................... ................................................... ................................
d. receive the promise for life of either payments, benefits or care? ................................ ..................
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? .... ................... ..................
3 Old decedent own an "in trust for" or payable upon death bank account or secunty at his or her death?
4 Old decedent own an IndiVidual Retirement Account, annuity, or other non-probate property which
contains a beneficiary deSignation? ... ............................ ...........................................
Yes No
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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 PS. S9116 (a) (11) (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, S9116 (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 beneficl8rY.
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. S9116(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 PS S9116(1.2) [72 PS s9116(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 PS s9116(a)( 1.3)] A Sibling is defined. under
Section 9102, as an Individual who has at least one parent In common With the decedent, whether by blood or adoption.
RU-1502, EX- 10-98)..,
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COMMONWEALTH OF PENNSYLVANIA
INHERITANCE lAX RETURN
RESIDENT DECEDENT
SCHEDULE B
STOCKS & BONDS
ESTATE OF
Alice F. Gates
FILE NUMBER
21-06-0206
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER
DESCRIPTION
Account #AZD-160919, M & T Investment Group, consisting of the following stocks
VALUE AT DATE
OF DEATH
3,348 sh. Exxon Mobil Corp., common @ $60.42/sh
202.286.16
2. 750 sh. HJ. Heinze Company @ $37.53/sh.
28.147.50
3. 1,016 sh. Proctor & Gamble Company @ $61.50/sh.
62.484.00
2. T Rowe Price Services, Inc. Account - consisting of the following accounts:
Account #1396539-4, 3,786691/sh Tax Free Income Fund @ $1 0.01/sh.
37.904.78
Dividends accrued to date of death
12843
2. Account #7004224651-9,79,1 05.350/sh, Summit Cash Reserves Fund @ $1.00/sh.
79,105.35
Dividends accrued to date of death
229.99
3. Account #200490621-8, $442.5771sh @ $43.81/sh.
19,389.30
3. Vanguard Voyager Service Account - consisting of the following accounts
Fund #0027-09865002299, 1,873.379 shs. Vanguard Wellesley Inc. Fd Inv. Servo @ $21.43/sh
40,146.51
2 Fund #0030-09865002299, 82,61859 shs. Vanguard Prime Money Mkt. Fund. @ $1.00/sh.
82,61859
3. Fund #0021-09865002299, 1,957.046 shs. Vanguard Wellington Fund. Inv. Shs @ $31.18/sh.
61.020.69
Dividends accrued to date of death
230.69
4
United States Treasury Notes as per attached sheet
148.604.93
TOTAL (AI" eel" '" Ii" 2, "'''pitol'''ool 1$
(Ii more space IS needed Insen addllional sheets of the same size)
762,296.92
RE;'150b EX+ (li-98i \~
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COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE E
CASH, BANK DEPOSITS, & MISe.
PERSONAL PROPERTY
ESTATE OF
Alice F. Gates
FILE NUMBER
21-06-0206
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
DESCRIPTION
VALUE AT DATE
OF DEATH
1. Checking Account #2676047463, M & T Bank. See attached letter
6,18196
Interest accrued to date of death
043
2. Savings Account #015004200020234, M & T Bank. See attached letter
62,03183
Interest accrued to date of death
42.60
3. C.D. #031003910606325, M & T Bank. See attached letter
24,653.70
Interest accrued to date of death
80.27
4. CD. #031003910800266, M & T Bank. See attached letter
24,751.50
Interest accrued to date of death
607.55
5. Checking Account #6203268384, Citizens Bank. See attached letter
25.00
6. Time Deposit Account #6244-693448, Citizens Bank. See attached letter
41,612.70
I nterest accrued to date of death
4049
7. Sentinel, newspaper subscription refund
26.65
8. United Health, refund
106.50
9. Todd Home, refund
22,95968
10. Homeowners Insurance Refund
23.00
11. Thornwald Home, Refund
468.02
12. Sprint Refund
6.33
13. GE Long Term Care, Policy Refund
161.37
TOTAL (Also enter on line 5, Recapitulation) $
183,77958
(If more saace is needed, insert additional sheets of the same size)
RU-1510 EX.,. (6-98) r.
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COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISe. NON-PROBATE PROPERTY
FILE NUMBER
21-06-0206
ESTATE OF
Alice F. Gates
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 0' THE TRANSFEREE. THEIR RELATIONSHIP TO OECEDENT AND DATE OF DEATH % OF DECO'S EXCLUSION TAXABLE
NUMBER! THE DATE OC TRANSFER. ATTACH A COPY 0' THE DEED FOR REAL ESTATE VALUE OF ASSET INTEREST II' APPUCABLEI VALUE
,
1 Trust "A" Account #443053608, M & T Bank, as per attached sheet 682,713.86 100
682.713.86
I
I
I
i I
I
I
i
I
I
I
I
I
TOTAL (Also enter on line 7 Recapitulation) $ 682,713.86
(If more space is needed, insert additional sheets of the same sizei
RCI-1511 EX+ (12-99)~~
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Alice F. Gates
FILE NUMBER
21-06-0206
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER
A.
DESCRIPTION
AMOUNT
2
FUNERAL EXPENSES
Hollinger Funeral Home, Funeral
Carlisle Monument Service, gravemarker
Georges' Flowers, Funeral flowers
Days Inn, Lodging for funeral
Food for reception after memorial service
1,227.00
185.00
169.60
139.98
291.35
3
4
5
8 ADMINISTRATIVE COSTS.
2.
Personal Representative's Commissions
Name of Personal Representative(s)
Social Security Number(s)/EIN Number of Personal Representalive(s)
Street Address
City
State
Zip
Year(s) Commission Paic
Attorney Fees
2,50000
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
4.
Street Address
City
State
Zip
Relalionship of Claimant to Decedent
5. Accountant's Fees
Probate Fees
680.00
7.
6. Tax Return Preparels Fees
Cumberland Law Journal, advertising estate notice
75.00
144.29
24.00
15.00
50.00
50.00
8
9
10
11
12.
Sentinel, advertising estate notice
Register of Wills, Short Certificates
Register of Wills, filing Inheritance Tax Return
Additional probate fee
Allowance for closing costs
TOTAL (Also enter on Ime 9, Recapitulation) $
5,551.22
(If more space is needed, insert additional sheets of the same size)
REv-,012 EX+ (12-031
'*
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Alice F. Gates
FILE NUMBER
21-06-0206
Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unrelmbursed medical expenses
iTEM
NUMBER DESCRIPTION
1. Sprint, Account
VALUE AT DATE
OF DEATH
37.84
2. Todd Home, Maintenance Fee
670.00
3. Internal Revenue Service, 2005 Income Tax
13.881.00
4. Pennsylvania Department of Revenue, 2005 Income Tax
1,702.00
5. Allison Church, Pledge
3,500.00
6. Boyer & Ritter Accountants, Preparation of 2005 income tax returns
550.00
TOTAL (Also enter on line 10, Recapitulation) $
20,340.84
(Ii more space is needed, insert additional sheets of the same size)
RE.'.,SI3 eX' (9-001
SCHEDULE J
BENEFICIARIES
COMM::JNWEAlTH OF PeNNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Alice F. Gates
NUMBER
I
NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS [Include outright spousal distributions, and transfers under
Sec. 9116 (a) (1.2)]
Anne G. Webster, 1013 Dunvegan Road, West Chester, PA 19382
RELATIONSHIP TO DECEDENT
Do Not List Trustee(s)
Daughter
FILE NUMBER
21-06-0206
AMOUNT OR SHARE
OF ESTATE
1,602,948.30
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II NON-TAXABLE DISTRIBUTIONS
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
B, CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
0.00
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)
LAST WILL AND TESTAMENT
OF
ALICE F. GATES
I, ALICE F. GATES, of 38 Todd Circle, Carlisle, Cumberland County,
Pennsylvania, being of sound and disposing mind, memory and understanding, do make,
publish and declare this as and for my Last Will and Testament, hereby revoking and
making void any and all former Wills, Codicils, or writings in the nature thereof, by me at
any time heretofore made.
FIRST:
I hereby expressly revoke all Wills and Codicils heretofore
made by me.
SECOND: I hereby order and direct my Executrix or Executor,
hereinafter named, to pay all my just debts, funeral expenses, testamentary expenses
and all Inheritance, Estate, Transfer and Succession Taxes, as soon as may be
conveniently done after my death, out of my residuary estate.
THIRD: I bequeath my automobiles, household and personal effects
and other tangible personalty of like nature (not including cash or securities) together with
any existing insurance thereon to my daughter, ANNE G. WEBSTER, provided she
survives me by thirty (30) days, or to her son, JOHN A. WEBSTER, III, if she fails to
survive me by thirty (30) days.
FOURTH: I give the entire, rest, residue and remainder of my estate to
my daughter, ANNE G. WEBSTER, provided she survives me by thirty days. In so
doing, I have deleted bequests to the CUMBERLAND-PERRY ASSOCIATION FOR
RETARDED CITIZENS (CPARC) and the DICKINSON COLLEGE, not as a reflection of
any decrease in my appreciation for them, but in acknowledgement of the gifts that my
husband and I have already made to them.
FIFTH:
The Deed of Trust of my late husband, WARREN J. GATES,
dated June 13, 1991, appointing the Farmers Trust Company as Trustee of certain
assets, provides in Article II, subsection B, pertaining to Trust A, that upon my death, the
Trustee shall pay over the then remaining principal, together with all income accrued and
unpaid as of the date of my death: To such person or persons as I shall appoint by Will
or Deed, expressly referring to the power of appointment herein given, his intention being
that such general power may be exercised by me. I, consequently, exercise the aforesaid
power of appointment and direct that if, and only if, my daughter, ANNE G. WEBSTER,
fails to survive me by thirty days, all of the assets of the aforesaid Trust A shall be paid
into Trust B, created under the aforesaid Deed of Trust, and also known as the non-
marital trust, and that said funds continue to be administered by the Trust Office of M & T
Bank in accordance with the duties of the Trustee under the aforesaid Deed of Trust,
dated June 13, 1991.
SIXTH: In the event that my daughter, ANNE G. WEBSTER, fails to
survive me by thirty days, I give all the rest, residue and remainder of my estate (exclusive
of the funds remaining in Trust A of my husband, Warren J. Gates' Deed of Trust dated
June 13, 1991, which I have expressly provided in paragraph FIFTH above are to be paid
into Trust B, under said Trust document) to my grandson, JOHN A. WEBSTER, III,
provided he survives me by thirty days.
2
the part of the Trustee to supervise or inquire into the application of one-half of the
principal of the funds by any person to whom payment is so made, said Trust shall be
paid to such beneficiary upon the attainment of the age of 25 years, or to such
beneficiary's estate in the event of death prior thereto, and all remaining principal of said
Trust and any unpaid interest shall be paid to such beneficiary upon attaining the age of
30 years, or to such beneficiary's estate in the event of death prior thereto. Should any
such beneficiary have attained the age of 25 years, but not yet have attained the age of
30 years, one-half of any such bequest shall be paid to said beneficiary outright, and the
remaining one-half shall be placed in the Trust with the Trustee in accordance with the
terms set forth above, to be disbursed in full upon the beneficiary's attainment of the age
of 30 years.
Any income or principal payable to any beneficiary other than my
son, ARTHUR D. GATES, who, in the opinion of Trustee, is mentally or physically
disabled so as to be unable to manage said funds, shall be held in a separate Trust by a
Trustee and managed in the same manner as to the Trust described above, except that
said funds shall only be held by Trustee during such period of disability, and all principal
and any unpaid interest of said Trust shall be paid in full to such beneficiary, at such time,
if any. as the disability of such beneficiary ceases.
My Trustee, in the expenditure of Income and/or principal for such
purposes, may at its discretion, apply the same directly or pay the same to any person
having the care or control of said beneficiary, or with whom the beneficiary resides,
without duty on the part of the Trustee to supervise or inquire into the application of the
funds by any person to whom payment is so made.
4
Notwithstanding the above, any beneficiary whose disability ends but who
has not yet attained the age of thirty (30) years, shall continue to have funds managed by
the Trustee in accordance with the terms set forth above.
NINTH: All principal and income shall, until actual distribution to the
beneficiaries, be free of the debts, contracts, alienation and anticipations of any
beneficiary, and the same shall not be liable to any levy, attachment, execution or
sequestration while in the possession of Trustees.
TENTH:
I nominate and appoint M & T BANK, of Carlisle,
Pennsylvania, or its successor as Trustee of the Trust herein created. The person or a
majority of the sui juris persons then entitled to receive income may:
(1) Revoke the appointment of the then acting corporate Trustee and
substitute a new corporate Trustee; and/or
(2) Change the situs of this Trust from the state in which the Trust is
then being administered to a new state.
Either or both of such actions shall be accomplished by a writing signed by
the person or persons so acting delivered to the corporate Trustee.
LASTLY: I nominate and appoint my daughter, ANNE G. WEBSTER,
as Executor of my Estate. If my daughter, ANNE G. WEBSTER, fails to survive me, I
appoint M & T BANK, of Carlisle, Pennsylvania, as sole Executor of my Estate. I direct
that they shall serve without the necessity of filing bond or security in any jurisdiction.
5
IN WITNESS WHEREOF, I have hereunto set my hand and seal this
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,2003.
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Alice F. Gates
SIGNED, SEALED, PUBLISHED and
DECLARED in the presence of:
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COMMONWEALTH OF PENNSYLVANIA
ss
COUNTY OF CUMBERLAND
I, ALICE F. GATES, Testatrix, 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 the purposes therein
expressed.
Sworn or affirmed to and acknowlepged before me, by ALlCE F. GATES,
the Testatrix, this ;] /';t~ day of ;Ju U2)~~"z..-/ ,
2003.
(lJL. J jfd#
Alice F. Gates, Testatrix
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Notarial Seal
Patricia C. Zitzman, Notary Public
Carlisle Boro, Cumberland County
My Commission Expires Mar. 28. 2005
Member, Pennsylvania Association of Notaries
6
COMMONWEALTH OF PENNSYLVANIA
ss
COUNTY OF CUMBERLAND
We,~tl/~> V, t,;::Z{}~J--r_ and ;E'o.>-t-L,,-t.. F jt.'-'h."(y~. ,
the witnesses whose names are signed to the attached or foregoing instrumerrt? being
duly qualified according to law, do depose and say that we were present and saw
Testatrix sign and execute the instrument as her Last Will; that she signed willingly and
that she executed it as her free and voluntary act for the purposes therein expressed; that
each of us in the hearing and sight of the Testatrix signed the Will as witnesses; and that
to the best of our knowledge the Testatrix 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.-Ja.--vvLeA ~) ~D '---J(2.-f'.J.r.
andf)h~ F
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this
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-)
Notarial Seal
Patricia C. Zitzman, Notary Public
Carlisle Boro, Cumberland County
I My Commission Expires Mar. 28,2005
I
Member Penf1'''!V?O'8 Association of Notaries
7
Apr 12 06 12:46p
Anne Webster
blU-"f.:ll -! "tc'tJ
p."'t
~ M&T'lnvestment Group
M~,T S(~curitles. Jnc
2875 Union Road. Suite 30-33, Cheektowaga. NY 14227
800 7?4 7788
March 31,2006
Date of death valuation
Anne G. Webster
1013 Dunvegan Rd
West Chester, P A 19382- 7l 01
Re: Account # AZD-160919 n/o Alice F. Gates
Open date- 02/05/1998
Date of Death- 02/24/2006
Description of Security Quantity Pricc per share o~
valuation date
i Hi/Lo/Close
i --
Exxon Iv10bil Corp Com 3,348 $60.73/60.18/60.42
Heinz H ] Company $37.53/37.07/37.53 --
750
Proctor & Gamble Co 1.016 $61. 72/61.06/61.50
--
We have received the information presented above from sources that we believe La be
accurate. However, we do not guarantee their accuracy. The price per share on valuation
datc is the closing price on that date.
Prepared by:
T ~1\1~ [a1Wl~
Tammy Casella
M&T Securities Ine
] -800-724-7788
,--- ____"" n__ _ .__ .__ ___ ___.__.'_
Investments:' Ace Not f'DIC-lr'sued . Have No Bank Gclarantce . 1'...1;),/ Lese VaiL:r
M&T Sec,rli,p-'.:. Inc__ Menmcr NASUiSJ?C
Mar 28 06 08:57a
Anne Webster
610 - 4::3 1 - 1 4;' 8
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T. ROWE PRICE SERVICES. INC
\/f'N\j\,'_Tf~(rv'Jl L.lf~(":L CC)1\'i
March 22, 2006
Alice F Gates
10 13 Dunvegan Rd
West Chester PA 19382-7101
Subject: Account Balance Information
Tax-Free Income Fund Account 1396539-4
Summit Cash Reserves Fund Account 7004224651-9
New Era Fund IRA 200490621-8
Dear Ms. Webster:
Thank. you for your recent request to claim the assets held in the T. Rowe Price accounts
registered to the late Alice F. Gates. We transferred the assets as requested and confirmation
has been mailed.
As requested, the balance for these accounts, as of February 24. 2006, \\as as follows:
Fund Account Shares Share Price Balance i Accrued
I Dividends*
Tax-Free 1396539-4 3,786.691 $10.0] $37.904.78 rI:28:43 I
Income I
Summit 7004224651-9 79,105.350 $1.00 $79,105.35-I-s229.99-1
I Cash I ==-J
Reserves
New Era 200490621-8 442.577 $43.81 $19,389.30 ! r':/A -.-...
* The accrued dividends are not included in the respective balances and 'filere later reinvested
on February 28, 2006.
T.RoweIHce t.
INVLST WITH CONf-IDENCE
M,ar 28 06 08:57,a
Anne Webster
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If you have any questions, please call a customer service representative at 1-800-225-5132.
Representatives are available Monday through Friday from 7 a.m. to 12 a.m. ET and Saturday
and Sunday from 8:30 a.m. to 5 p.m. ET. We appreciate the opportunity to assist you with
this matter.
Sincerely,
Brad Carnall
Senior Account Services Representative
Correspondence Number: 00969205
T.RowefHce 1l.
INV!cST VVITH CONFIDENCl:.
Mar 28 06 08:57a
Anne Webster
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March 24, 2006
aJ:..- Vanguard
Vanguard'" Voyager Service
ANNE WEBSTER
1013 DENVEGAN RD
WEST CHESTER, PA 19382-7101
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\f,/V\I";,f_VZ)"igudr( .con
Dear Ms Webster:
We are responding to your letter requesting the value of the following account Please accept
our sincere condolences for the loss of Ms Alice Gates. As of February 24, 2006, the number
of shares, the price per share, and the value of the account were as follows:
Alice F. Gates
Individual Account
IName
Vanguard Wellington Fund
:1 nvestor Shares
[Vanguard Wellesley Income
fund Investor Shares
Vanguard Prime Money
Market Fund
I~~;nd #
:::r---:-~'--IACcruedl
S,haresl Pnc Value, O' 'd I
~ IVI ends
10021- I 1,957041 $31.18 $61~O;069 - - ~!
0986500;2299 , .
~g~~5002299! 1873379, $214~ $40,14651...-.-
10030- I ,II ~ : ~,
)09865002299 82,61 ~~~$100 $_82,b185~~2J0691
Per your request, we have updated the address on the account above to lour address so all
applicable tax documents will be sent to you next year.
If you have any questions, please contact your Voyager Service Team at 800-284-7245.
Voyager's business hours are Monday through Friday from 8 a.m. to 10 p.m. and on
Saturday from 9 a.m. to 4 p.m., Eastern time. One of our dedicated Voyager associates will
be pleased to assist you.
Sincerely,
~~
Rebecca Jens
Registered Representative
Correspondence Number 20044931
A- if L/hi t"
Estate Valuacion
Date of Death: 02/24/2006
Valuation Date: 02/24/2006
Processing Date: 03/06/2006
Shares
or Par
Security
Description
High/Ask
LO;l/Bid
96.81250 MB
96.59375 MB
95.50000 MB
97.21875 A/B
96.84375 A/B
96.28125 A/B
100.00000 A/B
98.18750 A/B
108.81250 ]I./B
54.51000 H/L
Estate of: Gates, Alice F. Gates
Account: 443053608
Report Type: Date of Death
Number of Securities: 19
File ID: Gates, Alice F
Mean and/or Div and Int
Adjustments Accruals
96.843750
96.625000
296.24
95.531250
97.250000
446.88
96.890625
800.52
96.359375
100.000000
446.88
98.187500
345.00
108.812500
315.33
54.730000
29.83
89.50
48.44
Security
Value
38,737.50
43,481.25
85,978.13
48,625.00
48,445.31
48,179.69
25,000.00
24,546.88
27,203.13
43,784.00
This repoct ;las produced ;lith EstateVal, a product of Escate Valuations & Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313-6300 or ;!WW.e\~sys.com. (Revision 7.0.4)
1 :
40000 UNITED STAT~S TREAS NTS (912828AT7)
Government/Agency (Dealer Quotations)
DTD: 02/15/2003 Mat: 02/15/2008 3%
02/24/2006
96.87500
Int: 02/15/2006 to 02/24/2006
2)
45000 UNITED STATES TREAS NTS (912828BT6)
Government/Agency (Dealer Quotations)
DTD: 12/15/2003 Mat: 12/15/2008 3.375%
02/24/2006 96.65625
Int: 12/15/2005 to 02/24/2006
3)
90000 UNITED STATES TREAS NTS (912828DM9)
Government/Agency (Dealer Quotations)
DTD: 02/15/2005 Mat: 02/15/2015 4%
02/24/2006
95.56250
Int: 02/15/2006 to 02/24/2006
4)
50000 FEDERAL NAT1 MTG ASSN (31359MPZO)
Government/Agency (Dealer Quotations)
DTD: 11/18/2002 Mat: 11/15/2007 3.25%
02/24/2006
97.28125
Int: 11/15/2005 to 02/24/2006
5 :!
50000 FEDERJI~ HOME LN MTG CORP (3134A4UD4)
Government/Agency (Dealer Quotations)
DTD: 09/12/2003 Mat: 09/15/2008 3.625%
02/24/2006 96.93750
Int: 09/15/2005 to 02/24/2006
6 )
50000 FEDERAL NATL MTG ASSN (31359MXH1)
Government/Agency (Dealer Quotations)
DTD: 01/14/2005 Mat: 02/15/2010 3.875%
02/24/2006 96.43750
Int: 02/15/2006 to 02/24/2006
71
25000 HERTZ CORP (428040BMO)
Financial Times Interactive Data
DTD: 05/18/1999 Mat: 05/15/2006 6.5%
02/24/2006
Int: 11/15/2005 to 02/24/2006
8)
25000 FORD MOTOR CR CO (345397RR6)
Financial Times Interactive Data
DTD: 06/11/1997 Mat: 06/15/2007 7.2%
02/24/2006
Int: 12/15/2005 to 02/24/2006
91
25000 CITICORP MTN SUB BE (17303MEH8)
Financial Times Interactive Data
DTD: 12/18/1995 Kat: 12/18/2015 6.88%
02/24/2006
Int: 12/18/2005 to 02/24/2006
10)
800 AMERICAN EXPRESS CO (0258161091
COM
Ne;l York Stock Exchange
02/24/2006
54.95000
Page 1
Date of Death: 02/24/2006
Valuaticn Date: 02/24/2006
Processing Date: 03/06/2006
Shares
or Par
Security
Description
11)
160 AMERIPRISE FINL INC (03076C106)
COM
New York Stock Exchange
02/24/2006
12)
200 BANK NEW YORK INC (064057102)
COM
New York Stock Exchange
02/24/2006
13)
,32 DOW JONES & CO INC (260561105)
COM
New York Stock Exchange
02/24/2006
High/Ask
46.48000
34.57000
40.55000
Low/Bid
45.55000 H/L
34.19000 H/L
14 )
Div: 0.25 Ex; 01/30/2006 Rec; 02/01/2006 Pay: 03/01/2006
39.27000 H/L
200 EMERSON ELEC CO (291011104)
COM
New York Stock Exchange
02/24/2006
83.38200
15)
Div: 0.445 Ex: 02/15/2006 Rec: 02/17/2006 Pay: 03/10/2006
82.36000 H/L
800 JOHNSON CT~S INC (478366107)
COM
New York Stock Exchange
02/24/2006
:6;1
300 PPG INDS INC (693506107)
COM
New York Stock Exchange
02/24/2006
69.41000
59.80000
68.35000 H/L
17)
Div: 0.47 Ex: 02/15/2006 Rec: 02/17/2006 Pay: 03/10/2006
59.27000 H/L
1500 STRYKER CORP (863667101)
COM
New York Stock Exchange
02/24/2006
18)
4024.725 MTB GROUP FDS (55376T882)
EQ INDEX I I
Mutual Fund (as quoted by NASDAQ)
02/24/2006
19)
475.164 VANGUARD INDEX FDS (922908,05)
VALUE PTFL
Mutual F:md (as quoted by NASDAQ)
02/24/2006
Total Value
Total .A.ccrua1
~otal 5682,713.86
47.21000
Page 2
46.50000 H/L
10.73000 M):t
23.34000 Mkt
2s~ate of: Gates, Alice F. Gates
Account; 443053608
Report Type: Date of Death
Number of Securities: 19
File ID; Gates, Alice F
Mean and/or Div and Int
Adjustments Accruals
Security
Value
7,362.40
6,876.00
17,241.12
16,574.20
89.00
55,104.00
17,860.50
70,282.50
43,185.30
11,090.33
$679,557.24
This repcrt was produced with EstateVa1, a product of Estate Valuations & pricing Systems, Inc. =f you have questions,
please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.4)
46.015000
34.380000
39.910000
108.00
82.871000
68.880000
59.535000
141.00
46.855000
10.730000
23.340000
$3,156.62
Date of Death:
Valuation Date:
Processing Date:
02/24/2006
02/24/2006
03/28/2006
Shares
Security
Description
oc Par
1)
50000 UNITED STATES TREAS NTS (912828CQ1)
Government/Agency (Dealer Quotations)
DTD: 07/31/2004 Mat: 07/31/2006 2.75%
02/24/2006
Int: 01/31/2006 to 02/24/2006
2)
50000 UNITED STATES TREAS NTS (912828CR9)
Government/Agency (Dealer Quotations)
DTD: 08/15/2004 Mat: 08/15/2007 2.75%
02/24/2006
Int: 02/15/2006 to 02/24/2006
3) 50000 UNITED STATES TREAS NTS (912828EH9)
Government/Agency (Dealer Quotations)
DTD: 09/30/2005 Mat: 09/30/2007 4%
02/24/2006
Int: 09/30/2005 to 02/24/2006
Total Value
Total Accrual
Total $148,604.93
Estate Valuation
High/Ask
99.25000
97.25000
98.93750
Page 1
Low/Bid
99.18750 A/B
97.18750 A/B
98.87500 A/B
Estate of: Alice F. Gates
Report Type: Date of Death
Number of Securities: 3
File 1D: Gates, Alice F, Estate
Mean and/or Div and Int Security
Adjustments Accruals Value
99.218750
49,609.38
91.16
97.218750
48,609.38
34.19
98.906250
49,453.13
807.69
$147,671.89
$933.04
This repoct was produced with EstateVa1, a product of Estate Valuations & Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313-6300 or www.ev~sys.com. (Revision 7.0.4)
Hpr 12 UE:i 12: 4E:ip
Hnne Webster
E:ilU~4::Jl-]428
p. c'
~ M&rBank
,199 ,'vlnche]1 R03C. Millsboro, DE 19966 Majl Code DE--MB-J;!
March 29, 200C
Anne G Webster, Executrix
Estate of: Alice F Gates
1013 Dunvegan Road
\,vest Chester, Pennsylvania 19382-7101
Re: Estate of: Alice F Gates
Account Number: 2676047463, 1500420002023~1003910606325
&31003910800266
Date of Death: February 24, 2006
Dear Sir or Madam:
Per your inquiry dated March 15, 2006, please be advised that at the time of death, the balance on
the above referenced account was:
1 Type of Account Checking Account
Account Number 2676047463
Ownership (Names of) Alice F Gates ,;-
Opening Date 09/01/67
Balance on Date of Death $6, 18 7.96
Accmed Interest $ 0.43
Total $6,182.39
2.
Type of Account
Sal./mgs Account
Account Number
0]5004200020234
Ownership (Names of)
Alice F Gates '"
Openmg Date
08/ 1 6/ 83
Balance on Date of Death
$62,03].83
Accmed Interest
$
42.60
Total
$62,074.43
Rpr 12 06 12:46p
Rnne Webster
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"
0.
Type of Account
Certificate of DepoS1t
Account Number
03]003910606325
Ownershzp (Names of)
Alice F Gates *
Openmg Date
12/23/99 Closed 0.3/70./ (Ie)
Balance on Date of Death
$24,653.70
Accrued Interest
$
80.27
Total
$24,733.97
4.
Type of Account
Certificate of Deposit
Account Number
0.3100.391080.0.266
Ownership (Names oj)
Alice F Gates ..
Openmg Date
04/18/00 Closed 03/ ] 0/06
Balance on Date of Death
$24,751.50.
Accrued Interest
$
607.55
Total
$25,35905
* For further account information, regarding ownership, closures andJ or reimbursement of
funds, etc., please contact the Spring Garden Office at # 717-240-4525.
M & T Bank
DOD Unit / Records Management
Apr 12 06 12:46p
Anne Webster
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52<; \\iillialll Penn Place
Suite i 53-261l)
f'in.,burgh, Pi\, I 52l q
April 5,2006
A!\'?\!E G WEBSTER
1013 DUNVEGAl\ RD
WEST CHESTER PA 19382
Estate of ALICE F GATES
Date of Death: February 24, 2006
SSl\: 2:'9-12-2776
Dear Madam:
In accordance with your request, the attached information sheet has been prO\lded In the above decedent'::;
nam e as of her date of death.
The decedent had :2 active accounts at the time of her death and she had no Safe Deposit BClX.
For IL or LC accounts, contact om Loan Department a1 ] -8()()-708-66RO. For all other inquiries_ please
call 1-888-999-6884.
Sincerely_
'~/(. /1:l;(~
~h~; Lyn) .J
Oper'a1ions Se;-vices
Apr 12 06 12:47p
Anne Webster
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--~-----'-+-~-"-"-'--------+- - -~ '_...~ ---
f Acco~nt Number 620.3268384-l
i Account Title I AlleE f Gi:'TES ---- ---J
I Date Opened --,--- --- 10/15/20()4--------- - ,
. ,- -- -- ------1
~ccount Type ., I ____~~ec~ing ___ ____ _
, Principal Balance as ofDOD ~ $25.00 ___
I Interest from Last Posting to DOD S .00-----
r--- ~ I ---------.----
I Account Balance as ofDOD 1____ __ S25.0(L_ _ ___ =~-:
I YTD Interest to DOD I ___.-.::<;;JJO____ __ ______
Apr 12 06 12:47p
Hnne Webster
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~~. ,..fP. " (~\ y ~ 7 A ~1,. <;, L? ~ fr;~ (1<7'
,~ ~ ~. ~~. ~ ~ ~ I~ .J U ~ t \1 ~ "~;.
---- 6244~69::;448 -- -- --'---,
. '------Ail CE FCJATI:S-- -------l
- -----j 0/ 15/2004----~ - .__-1
---=-= ljme Deposits .~ ~_==.~'
$41,612.70
_.__._~-.__._~ -~..~ .~_...~_.~- _.._-~-
$40.49
- - ._~_._-._.--- ._--_..~._---~.._---_.-
----$~~'E~.:.~ 9 __________1
~~nt Number
I Account Title
: Date Opened
I Account Type
I Principal Balance as of DOD
: Int~rest from Last P?sting to DOD
\ Account Balance as of DOD
i YTi) Interest to DOD