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Home My WebLink About08-04-06 .-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 :0386 Date of Birth 204-01-8954 04/14/2006 OS/20/1911 Decedent's Last Name Suffix Decedent's First Name MI RAILING RUTH R (If Applicable) Enter Surviving Spouse's Information Below Spouse's LastName Suffix Spouse's First Name MI Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW C:J 4. Limited Estate CJ 3. Remainder Retum (date of death prior to 12-13-82) 5. Federal Estate Tax Return Required ce:> 1. Original Return (=) 2. Supplemental Return CJ ('.::::) CJ 4a. Future Interest Compromise (date of death after 12-12-82) CJ 7. Decedent Maintained a Living Trust (Attach Copy oITrust) CJ 10. Spousal Poverty Credit (date of death CJ 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 .-.1_ 8. Total Number of Safe Deposit Boxes Ce) Jane F. Burke, VP Firm Name (If Applicable) Manufacturers & Traders (717) 240-4504 REGISTER OF WILLS USE ONLY First line of address Trust Company Second line of address One West High Street or Post Office State ZIP Code Carlisle PA 17013 Correspondent's e-mail address: Under penal~es of pe~ury, 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. DATEq 'I 1>' ~ -- (l \.,~ l'lL\ 1:5 DATE ADDRESS PLEASE USE ORIGINAL FORM ONLY Side 1 L 15056051058 15056051058 .-J -.J 15056052059 REV-1500 EX Decedent's Name: RUTH Decedent's Social Security Number R RAILING RECAPITULATION 1. Real estate (Schedule A). ............................................ 1. 2. Stocks and Bonds (Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) . . . .. 3. 4. Mortgages & Notes Receivable (Schedule D). . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4. 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) . . . . . . .. 5. 6, Jointly Owned Property (Schedule F) c::J Separate Billing Requested. . . . . .. 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) C:::':) Separate Billing Requested. . . . . . .. 7. 175,000.00 181,051.06 0.00 0.00 53,676.43 0.00 8. Total Gross Assets (total Lines 1-7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 8. 9. Funeral Expenses & Administrative Costs (Schedule H). . . . . . . . . . . . . . . . . . . .. 9. 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I). . . . . . . . . . . . . . . . 10. 11. Total Deductions (total Lines 9 & 10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. 12. Net Value of Estate (Line 8 minus Line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. 13. Charitable and Govemmental 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) .... . . . . . . . . . . . .. . . . . . . . 14. 192,377.84 602,105.33 36,305.71 13,996.43 50,302.14 551,803.19 10,000.00 541,803.19 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_ 16. Amount of Line 14 taxable at lineal rate X.O_ 17. Amount of Line 14 taxable at sibling rate X .12 18. Amount of Line 14 taxable at collateral rate X .15 15. 16. 17. 541,803.19 18. 19. TAX DUE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 15056052059 Side 2 15056052059 L 81,270.47 81,270.47 c::' --.J REV-1500 EX Page 3 Decedent's Complete Address: DECEDENT'S NAME RUTH R RAILING STREET ADDRESS 600 Belvedere Street DECEDENT'S SOCIAL SECURITY NUMBER 204-01-8954 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. Prior Payments C. Discount (1) 81,270.47 55,000.00 2,894.74 Total Credits (A + B + C ) (2) 57,894.74 3. InteresVPenalty if applicable D. Interest E. Penalty TotallnteresVPenalty ( D + E ) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in avalon Page 2, Line 20 to request a refund. (4) 0.00 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 23,375.73 A. Enter the interest on the tax due. B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5A) (5B) 23,375.73 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 ~ b. retain the right to designate who shall use the property transferred or its income; ............................................ 0 ~ 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 ~ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .............. 0 ~ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ........................................................................................................................ ~ 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. 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 zero (0) percent [72 P.S. 99116 (a) (1.1) (iil]. 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. 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 four and one-half (4.5) percent, except as noted in 72 P.S. 99116(1.2) [72 P.S. 99116(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. 99116(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 RUTH R. RAILING FILE NUMBER 21-06-0386 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 Proceeds sale of Residence 600 Belvedere Street, Cumberland County, Carlisle, PA VALUE AT DATE OF DEATH 175,000.00 (Settlement Sheet Attached) TOTAL (Also enter on line 1, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 175,000.00 REV-1503 EX+ (6-98) SCHEDULE B STOCKS & BONDS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF RUTH R. RAILING FILE NUMBER 21-06-0386 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION $20,000 par Erie PA School District 5.70% due 9/1/09 VALUE AT DATE OF DEATH 17,576.70 2 Interest to DOD on Item 1 139.33 3 $10,000 par Middletown Twp. PA G.O. Bonds 5% 10/15/2010 10,507.65 4 Interest to DOD on Item 3 248.61 5 2188.777 shs. American Income Fund of America, Inc. CI. B 40,667.48 6 523.266 shs. Capital World Growth & Income Fund CI. C 8 3837.474 shs. American Tax Exempt Bond Fund CI. C 20,161.44 13,477.95 47,277.68 7 891.989 shs. American Limited Term Tax Exempt Bond Fund CI. B 9 793.87 shs. American Intermediate Bond Fund CI. C 11 Interest to DOD on Item 10 10,526.72 20,000.00 467.50 10 $20,000 par Discover Bk. Greenwood 4.95% due 4/24/07 TOTAL (Also enter on line 2, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 181,051.06 REV-1508 EX+ (6-98) SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF RUTH R. RAILING FILE NUMBER 21-06-0386 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 Cash 8.34 2 Comcast Cable, refund 3 M&T Bank, Checking Account 433101 4 AAA Central Penn, refund 5 National Geographic Society, subscription refund 6 Net Proceeds Sale of Personal Property 7 Citigroup, Money Market 8 Interest to DOD on Item 7 3.44 28,360.25 36.63 17.00 2,220.50 10,400.67 39.83 9 Refund homeowner's insurance premium 37.40 10 Merrill Lynch, Money Market 6,265.34 11 Personal Property, as appraised 415.00 12 Proceeds sale of 2001 Oldsmobile Alero 13 Pro-rated real estate taxes, 600 Belvedere Street, Carlisle, PA property 5,655.00 217.03 TOTAL (Also enter on line 5, Recapitulation) $ 53,676.43 (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 RUTH R. RAILING SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY FILE NUMBER 21-06-0386 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 DECO'S EXCLUSION TAXABLE NUMBER THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST (IF AFPLlCABLE) VALUE 1. Allstate Select 2000 Annuity, Beneficiary--Estate of Ruth R. Railing 192,377.84 100 192,377.84 TOTAL (Also enter on line 7 Recapitulation) $ 192,377 .84 (If more space is needed, insert additional sheets of the same size) REV-1511 EX+ (12-99) SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF RUTH R. RAILING FILE NUMBER 21-06-0386 Debts of decedent must be reported on Schedule I. ITEM NUMBER A. FUNERAL EXPENSES: 1. B. 1. DESCRIPTION AMOUNT ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Manufacturers & Traders Trust Co. Social Security Number(s)/EIN Number of Personal Representative(s) Street Address One West High Street 22,563.16 City Carlisle Year(s) Commission Paid: 2006 ,StatePA Zip 17013 2. AttomeyFees Martson Deardorff Williams & Otto 11,282.00 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 530.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Cumberland Law Joumal, advertising Letters Testamentary The Sentinel, advertising Letters Testamentary PA Dept. of Vital Records, Death Certificates IBIS Appraisal Services, personal property appraisal Register of Wills, Short Certificate Closing and Filing Costs 75.00 151.55 90.00 90.00 24.00 1,500.00 8 9 10 11 12 36,305.71 TOTAL (Also enter on line 9, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) REV-1512 EX+ (12-03) *' COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE I DEBTS OF DECEDENT, MORTGAGE L1ABILlTIES, & LIENS ESTATE OF RUTH R. RAILING FILE NUMBER 21-06-0386 Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Hilton Lock Services, re-key real estate 183.01 2 Trugreen Chemlawn, balance due 68.90 3 Borough of Carlisle, water & sewer service 48.54 4 Mid-Atlantic Co-Gp, balance due fuel oil 56.63 5 Mid-Atlantic Co-Gp, HVAC maintenance 99.95 6 J&A Lawn Care & Landscaping, balance due 460.00 7 PPL, electric service 307.91 8 Sprint, telephone service 46.70 9 Check 6587 payable to St. Paul's Lutheran Church presented for payment from M&T Bank checking acct 8.75 10 Terry Lindsey, trash removal 295.00 11 Merrill Lynch, transfer fee 95.00 12 Cumberland-Goodwill Fire Rescue, ambulance service 59.86 13 ReMax Sterling Associates, Inc., realtors fee 10,500.00 14 1 % Real Estate T ransfer Tax 1,750.00 15 Borough of Carlisle, final water & sewer bill 16.18 13,996.43 TOTAL (Also enter on line 10, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) REV-1513 EX+ (9-00) '* COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF RUTH R. RAILING FILE NUMBER 21-06-0386 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 ~nclude outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] 1 Lee Leidigh, 2911 Enola Road, Carlisle, PA 17013 nephew Specific Bequests & 100% of Residue ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1 St. Paul's Lutheran Church, 201 West Louther Street, Carlisle, PA 10,000.00 TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ 10,000.00 (If more space is needed, insert additional sheets of the same size) ~: LAW OFFICES A. S ettlement. Statement u.s. Department of Housing and Urban Development IR WIN & McKNIGHT OMS No. 2502-0265 lexoires 9/30/2006\ S. TYPE OF LOAN WEST POMFRET PROFESS/aNAL BU/LD/NG 1. DFHA 2. DFmHA 3. DConv. Unins. 4. OVA 5. DConv, Ins. 60 WEST POMFRET STREET 6. FILE NUMBER 17. LOAN NUMBER CARLISLE, PENNSYLVANIA 1701:3-3222 BREHMD7.06 11662293 (717) 249-2353 8. MORTGAGE INSURANCE CASE NUMBER C. Note: This ann .Is umiShe~_to give you a.. ;~t~menr one Uil .ettleme~cos~. A~oun~pald. to and I y me seulemaRt ~gen[_ar8.Srtown. I TitleExpress Settlement System Items marked '"(p.o.e.)- were paid outside the closing; they an! shown here for Information purposes and are not Included In the totals. ~-:~~~o~: ~~~ I~~I~~: ~fi~~~crrr:nM:~~~~r. F~:~~:a~f: ~~::~TI~~~dU~~.tC~d~ :~~~na1~o~~~~t~~i~~o101.:ena'tJe. upon Printed 07/21/2006 at 10:33 JMR D. NAME OF BORROWER: DENNIS D. BREHM and JO A.NN BREHM ADDRESS: 301 UNION HALL ROAD CARLISLE PA 17013 E. NAME OF SELLER: RUTH R. RAILING ESTATE ADDRESS: 3607 DERRY STREET HARRISBURG PA F. NAME OF LENDER: M&T MORTGAGE CORPORATION ADDRESS: ONE FOUNTAIN PLAZA POHT CLOSING 16TH FLOOR BUFFALO NY14203 G. PROPERTY ADDRESS: 600 BELVEDERE STREET, Carlisle, PA 17013 Carlisle Borouoh . H. SEITLEMENT AGENT: I&M REAL ESTATE SERVICES, LLC, Telephone: 717.249.2353 Fax: 717.249.6354 PLACE OF SEITLEMENT: West Pomfret Professional ElIdn 60 West Pomfret Street Carlisle PA 17013 I. SETTLEMENT DATE: 07/21/2006 J. SUMMARY OF BORROWER'S TRANSACTION: K. SUMMARY OF SELLER'S TRANSACTION: 100. GROSS AMOUNT DUE FROM BORROWER 400. GROSS AMOUNT DUE TO 'SELLER 101. Contract sales nrice 175 000.00 401. Contract sales orice 175 000.00 102. Personal Pronertv 402. Personal Prooertv 103. Settlement charaes to borrower {line 1400\ 6 562.97 403. 104, 404. 105. 405. Ad'ustments for items oaid bv seller in advance Adiustments for items naid bv seller in advance 107. Countv taxes 07/21/06 to 12/31/06 308.17 407. Countv taxes 07/21/06 to 12/31106 308.17 109. 409. 110. 410. 1111. 411. 112. 412. 120. GROSS AMOUNT DUE FROM BORROWER 181871.14 420. GROSS AMOUNT DUE TO SELLER 175 308.17 ! 200. AMOUNTS PAID BY ORON BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT DUE TO SELLER 201. Denoslt or earnest monev 5 000.00 501. Excess Denosit (see instructions\ 202. Princinal amount of new loans 139 000.00 502. Settlement charaes to seller (line 140m 12266.18 203. Existinn ioa;;;;\iaken subiect to 503. Existinn loanls) taken sub'ect to 204. Lock In Refund , 580.00 504. Payoff of First Mortoaoe Loan M&T MORTGAGE CORPORATION 205. 505. 206. 506. 207. ... 507. 208. 508. 209. , 509. Adiustments for items unoaid bv seller Adjustments for Items unDaid bv seller 212. School Tax 07101/06 to07/21/06 91.14 512, School Tax 07101/06 to 07/21/06 91.14 .213. 513. 214. 514. 215. 515. 216, 516. 217. 517. 218; 518. 219. 519. 220. TOTAL PAID BY/FOR BORROWER 144671.14 520. TOTAL REDUCTION AMOUNT DUE SELLER 12357.32 300. CASH AT SETTLEMENT FROM OR TO BORROWEFt 600. CASH AT SETTLEMENT TO OR FROM SELLER 301. Gross amount due from borrower (Jjne 120\ 181871.14 601. Gross amount due to sellerlline 4201 175 308.17 302. Less amounts naid bvJfor borrower (Jjne 220\ 144671.14 602. Less reduction amount due seller1line 520\ 12357.32 i i 303. CASH FROM BORROWER 37 200.00 603. CASH TO SELLER 162.950.85 r:!M&rBank 499 Mitchell Street, Millsboro, DE 19966 May 17,2006 M&T Investment Group Private Client Services One West High Street P.O. Box 220 Carlisle, PA 17013 Attn: Jane Burke RE: Estate of Ruth R. Railing Date of Death: April 14, 2006 Social Security No.: 204-01-8954 Dear Ms. Burke: In response to your request, please be advised that at the time of death, the above- named decedent had on deposit with this bank the following accounts. 1. Account Type...........................Checking Account Account Number.... . .. ... . .. . ... ... .. .433101 Ownership (Names oj}...............Ruth R. Railing Opening Date.. .............. .... ...... .09/01/67 (account closed 05/08/06) Balance on Date ojDeath.........$28,360.25 Accrued Interest $ 0.00 TotaL...... ....... ......... ...... ..........$28,360.25 The above named decedent had a safe deposit box. For any additional information on the above accounts, including ownership, statements and closures please contact our High Street Carlisle branch at 717-240-4536. Sbncerely, . Chf)1#wJW~ . Charlene Warrbngton, Records Management 1-888-502-4349 APPRAISAL REPORT OF PERSONAL PROPERTY OF Ruth R. Railing, deceased date of death (d.o.d.) Apri114, 2006 600 Belvedere St. Carlisle, P A 17013 for: Jane Burke Manufacturers & Traders Trust Company 1 West High St. Carlisle, PA 17013 AS OF: d.o.d. Apri114, 2006 Reported on June 5,2006 BY: IBIS APPRAISAL SERVICES 145 N Hanover St. P'QBoxg4 Carlisle, P A 1701.5 (717) g4.5-J474 fax g58-9j{}g Ibisas@eartJJinknet TABLE OF CONTENTS Table of Contents Appraisal Certificate Appraisal Summary Photograph & CD-ROM Instructions Personal Property Listing Appraisal Summary (Copy) References Statement of Qualifications Assumptions and Limiting Conditions 2 3 4 5 6 7 8 9 10 2 APPRAISAL CERTIFICATE I hereby certify that, upon the request for the estate appraisal of the personal property of Ruth R. Railing, deceased, 600 Belvedere St., Carlisle, P A 17013, I have personally and physically inspected the listed personal property. The personal property was appraised to determine the FAIR MARKET VALUE, AS OF d.o.d. April 14, 2006 & reported on June 5,2006. The date of inspection was May 22,2006. The information and values contained in this report are based upon my experience as an appraiser and other reliable sources. The personal property was found to be in FAIR to EXCELLENT condition, unless otherwise noted. Values are reported piece-by-piece, and/or as a whole. All values reported have been determined with consideration to the condition of the item, market conditions, and salability factors. 11 IBIS APPRAISAL SERVICES I / Alyssa L. Lor~y,. ..P.P. 3 APPRAISAL SUMMARY It is in my opinion, that as of d.o.d. April 14, 2006, the Fair Market Value of the personal property of Ruth R. Railing, deceased, 600 Belvedere St., Carlisle, P A 17013: (Four Hundred Fifteen Dollars and Zero Cents) ($415.00) IBIS APPRAISAL SER VICES !4J ~ III / Ai;:';L.lL ;~c~p~----------- / ! " The report must be read in its entiretv. The Appraisal Summarv ONLY is not the appraisal report. 4 Photograph and CD-ROM Instructions Ibis Appraisal Services has provided you with a CD-ROM that houses all of the digital photographs of all ofthe items appraised. The CD-ROM also contains a saved copy of the appraisal report. This CD-ROM may be kept with the paper copy of the appraisal report or kept off-site, such as a safety deposit box. The photographs are saved in the JP~G picture format, meaning that all of the file names end with a ".JPG". The file names correspond to the written appraisal report's Corresponding Photograph File that is included at the end of each item appraised. Getting started with your CD-ROM 1. Insert the CD-ROM into your computer's CD-ROM Drive. If you do not have a computer or access to a CD-ROM Drive--a copy store, office supply store, or public library will be able to help you view and/or print your pictures. 2. Your computer may contain one or several different software programs that will allow you to view your pictures. Examples of these programs are Draw, Photo Editor, Picture It! Express, Photo Suite, My Photo Center, Photo Studio Lite, Photo Shop Pro, Picture CD, or Photo Deluxe. The program that is included with a digital camera is another way to view your pictures. . Select the program for viewing photographs and open the program. 3. Click FILE, and Click OPEN. 4. Use the Pull-Down, "Look in" Menu and select the D Drive (D:) or whichever drive is designated as your CD-ROM (sometimes this may be the E Drive (E:) on your computer). * NOTE . Your CD-ROM Drive is designated with a small CD-ROM graphic Icon or a cartoon representing the drive. . The drives of your computer can be found under My Computer section of the Pull- Down "Look in" Menu. Common Drives are: A Drive (floppy disc drive), the C Drive (hard disc drive), the D Drive (CD-ROM Drive), and the E Drive (sometimes CD-ROM Drive; sometimes an external drive, like a CD-ROM Writer, Zip, or Jazz Drive). 5. Double-click on the photograph you wish to view. 5 Personal Property Listing 1 $5.00 Arm Chairs. Six twentieth century arm chairs with needlepoint seats. Two arm chairs and four side chairs. Cherry wood. Manufactured by Old Towne. Corresponding Digital Photograph File: r0314876.jpg $210.00 Swag Lamp. . Twentieth century faux stained glass swag lamp. Corresponding Digital Photograph File: r0314877.jpg $8.00 2 3 China. China service by Gorham. Pattern: Contessa. Eight dinner plates, eight cups & saucers. Corresponding Digital Photograph File: r0314878.jpg $192.00 Sampler. Modem 1983 sampler, sewn by Ruth Railing. Corresponding Digital Photograph File: r0314879.jpg 4 Total $415.00 6 APPRAISAL SUMMARY (COPY) It is in my opinion, that as of d.o.d. Aprill4, 2006, the Fair Market Value of the personal property of Ruth R. Railing, deceased, 600 Belvedere St., Carlisle, P A 17013: (Four Hundred Fifteen Dollars and Zero Cents) ($415.00) 4 IBIS APPRAISAL SERVICES The report must be read in its entiretv. The Appraisal Summarv ONLY is not the appraisal report. 7 Appraisal References Brickers, Chuck E. Auction. 93 Texaco Rd. Mechanicsburg, PA 17050. 717-776-5785. Conestoga Auction Company, Inc. 768 Graystone Rd. Manheim, PA 17545. 717-898- 7284. http://www.conestogaauction.comlauctions/ DeHart's Auction Services & Used Furniture. 1554 Holly Pike Carlisle, PA 17013. 717- 258-5858. http://www.dehartsauction.coml eBay. http://www.ebay.com Gottshall, Jr., Roy Auctions. 113 Forge Rd. Boiling Springs, PA 17007.717-258-6222. Hershey, Dan Auctioneering Service. 3 Brown Rd. Shippensburg, PA 17257. 717-532- 4647. F. Loney, C.A.P.P., L.P.I. 2006. Personal Communication K. Loney. 2006. Personal Communication Ocker, Carl E. Auction. 4401 Philadelphia Ave. Chambersburg, PA 17201. 717-264- 6578. http://www.kennysauction.com/ Rowe's Auction Service. 2505 Ritner Hwy. Carlisle, PA 17013. 717-249-2677. http://www.rowesauctionservice.coml York Town Auction, Inc. 1625 Haviland Rd. York, PA 17404. 8 Statement of Qualifications Alyssa L. Loney, C.A.P.P. Professional Designations and Certifications C.A.P.P. - Certified Ap{)raiser of Personal Property designation earned through course work and classes provided by the Institute of Appraisal of Personal Property. Archaeological Resources Protection Act - Certified to conduct investigations and damage assessment that pertains to violations of the United States federal, state, and local laws pertaining to archaeological sites and cultural properties. Including by not limited to the Archaeological Resources Protection Act of 1979, National Historic Preservation Act of 1966, the Native American Graves Protection and Repatriation Act and the American Antiquities Act of 1906. Professional Accomplishments . State Historical and Underwater Archaeologist for the State of Louisiana. . Attended the Conservation of Indian Artifacts Symposium sponsored by the Smithsonian Institution and the Tunica-Biloxi Indian Reservation, Marksville, Louisiana. . Director of the West Virginia University Historical Costume Museum. . Research Archaeologist! Artifact Instructor for CADW (Welsh Historic Monuments)/ University of York, England. . Research and Preservation Specialist for the Maryland Historical Trust. . Presented and published works for national and international organizations including the Society for Historical Archaeology, Middle-Atlantic Archaeology Conference, Southeastern Archaeological Conference, Louisiana Archaeological Society, and the Maryland Historical Trust. Education B.Sc. S.B.D.C. Historical Textiles and Clothing, 1992, West Virginia University, Morgantown, West Virginia, United States. Medieval Archaeology, 1995, University of York, York, England. Certified Appraiser of Personal Property, 2001, Institute of Appraisal of Personal Property, York, Pennsylvania, United States. Certified to conduct investigations and damage assessment that pertains to violations ofthe United States federal, state, and local laws pertaining to archaeological sites and cultural properties. First Step Entrepreneurial Series, 2001, Kutztown University of Pennsylvania, Small Business Development Center. M.A. C.A.P.P. A.R.P.A. Presently Director and Founder ofIbis Appraisal Services. Member ofInstitute of Appraisal of Personal Property, American Society of Appraisers, Appraisers Association of America, International Society of Appraisers, and Professional Coin Grading Service. Conducts extensive on-site appraisals, assessments, analyses, and authentication of personal and cultural property. Operates on local, national, and international levels. Conducts research on all objects considered personal and cultural property. 9 Assumptions and Limiting Conditions The term "Fair Market Value", as used in this report, is defined as follows: The highest price an item would bring if the sale occurred under normal market conditions providing 1. neither the buyer or seller is acting under duress, 2. the property has been exposed on the open market for a reasonable length of time, 3. both the buyer and the seller are aware ofthe potential assets and defects, 4. no unusual circumstances are present. This appraisal was based upon the following assumptions, limitations, and conditions: 1. The information contained in this report was gathered from sources considered reliable, personal examination, research of authenticity and comparable sales and/or auction prices. 2. No responsibility is assumed for matters that are legal in nature, including, but not limited to: the representation of others concerning the value, authenticity, condition, origin, or provenance of an item appraised. 3. The appraiser assumed that a normal and careful examination of the property was sufficient to determine its quality and condition and that no extraordinary examination procedures were to be utilized, unless these were specially requested and the expenditure of funds therefore authorized. 4. The appraiser's court attendance and expert testimony report, if required, are not included as part of this report. The appraiser does have the right to refuse testimony. THE UNDERSIGNED HEREBY CERTIFIES; 1. That I have no interest now, nor have I had an interest in the past, nor shall I contemplate an interest in the future, in the property covered by this appraisal. 2. That to the best of my knowledge and belief, all statements and information included in this appraisal are true and based upon objective findings and that no pertinent information has been knowingly withheld or deleted in this report. 3. That neither the employment to make this appraisal or compensation for doing so is contingent upon the value of the property. It is the firm belief of the appraiser that the information furnished in this appraisal report and the conclusions drawn from this information are true and correct, but they are not guaranteed. 10 5/22/2006 1:25 PAGE 002/002 Fax Server / / Allstate Life Insurance Company 544 Lakeview Parkway VemonHills, II. 60061 Telephone: (877) 499-6418 Facsimile: (866) 635-4523 ~Allstatea FINANCIAL May 22, 2006 M & T Securities Attn: Harold Beshaw 1 W. High St. Carlisle, PA 17013-2951 VIA FACSIMILE Re: Contract No: Ruth R. Railing GA272882 Dear Mr. Beshaw: We have been requested to complete IRS Form 712 with regard to the above referenced contract. The purpose of Form 712 is to provide an estate or donor with the value of a life insurance contract or its proceeds as of a certain date (usually the owner's date of death or date of transfer of the contract). This contract is an annuity contract, which is not reportable on IRS Form 712. The following information is provided for estate purposes only as of the date specified: Date of Death: Annuity Value'" as of Date of Death: Cost Basis: Named Beneficiary: April 14, 2006 $ 192,377.84 $ 134,562.25 Estate of Ruth R. Railing "'The actual amount paid may differ due to Market Value Adjustments and/or any applicable Surrender Charges. If you have any questions, please contact our Customer Care Unit at 1-877-499-6418. Sincerely, Shawna Navik Sr. Claim Examiner F:\FILES\DA T AFILE\ WILLS\5780. WILL2 LAST WILL AND TESTAMENT I, RUTH R. RAILING, ofthe Borough of Carlisle, Cumberland County, Pennsylvania, being of sound and disposing mind and memory, do hereby make, publish and declare this' to be my Last Will and Testament, hereby revoking any and all former Wills or Codicils by me made. 1. I direct that all my just debts, funeral expenses, testamentary expenses and all inheritance taxes (whether such taxes may be payable by my estate or by any recipient of any property) shall be paid from my residuary estate as soon as practicable after my decease and as part of the administration of my estate. My Executor shall have no duty or obligation to obtain reimbursement for any such tax so paid, even though on proceeds of insurance or other property not passing under this Will. 2. . I gIVe to my nephew, LEE LEIDIGH, the sum of Twenty-five Thousand Dollars ($25,000.00), six (6) dining room chairs, one chandelier, the Tiffany light, the chinaware with eight (8) place settings, the Sterling silverware with eight (8) place settings, Mary's china, one sampler (flower basket) and my automobile. 3. I give the sum of Ten Thousand Dollars ($10,000.00) to ST. PAUL'S LUTHERAN CHURCH, Carlisle, Pennsylvania. 4. I give, devise and bequeath all the rest, residue and remainder of my estate, both real and personal property, in equal shares, unto my sister, ESTHER LEIDIGH, and my nephew, LEE LEIDIGH, absolutely. In the event ESTHER LEIDIGH has predeceased me, then the entire residuary estate shall be'distributed unto LEE LEIDIGH, absolutely. 5, I nominate, constitute and appoint KEYSTONE FINANCIAL BANK, N.A., Carlisle, Pennsylvania, as Executor of my estate. ;? Jeff. R.R.R. Page 1 of 3 Pages 6. I direct that my Executor shall not be required to file a bond to secure the faithful performance of its duties in any jurisdiction. 7. I authorize and empower my Executor, in its sole and absolute discretion, to purchase or otherwise acquire and retain any investments of which I die seized or any real or personal property of any nature; to sell, lease, pledge, mortgage, transfer, exchange, dispose of or grant options in regard to any or all property of any kind forming a part of my estate for such terms and such prices as it may deem advisable; to borrow money for any purposes connected with the protection and preservation of my estate; to mortgage or pledge any real or personal property forming a part of my estate or to join in or secure the partition of same; to compromise any claims or demands of my estate against others or of others against my estate; to make distribution in kind and to cause any share to be composed of cash, property or undivided fractional shares in property different in kind from any other share; to employ agents, attorneys and proxies and to delegate to them such power as my personal representative considers desirable and to pay reasonable compensation for such services as may be rendered by such agents, attorneys and proxies; and to execute and deliver such instruments as may be necessary to carry out any of these powers. In addition, I direct that my personal representative shall have the power to conduct an inventory of any safe deposit box necessary to the administration of my estate. IN WITNESS WHEREOF I have hereunto set my hand and seal this /3 +tv day of cr~ ,2000. ~f?O~ (SEAL) SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testatrix, as and for her Last Will and Testament, in the presence of us, who at herrequest, have hereunto subscribed our names as witnesses thereto, in the presence of the said Testatrix and of each other. 4(a;wiYkMU- '~7~~ Page 2 of 3 Pages COMMONWEALTH OF PENNSYLVANIA ) : SS. COUNTY OF CUMBERLAND ) We, RUTH R. RAILING, Marl1 f {L Y Cd rKp fa n tam -' E. /I!lOOTf and .' the Testatrix and the witnesses, respectively, whose names are signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed and executed the instrument as her last Will and that the Testatrix has signed willingly, and that the Testatrix executed it as her free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testatrix, signed the Will as a witness and that to the best of his /her knowledge the Testatrix was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence. ~Q /TestatriX " /" . ~ ~/r.1JuOZi ~ ,:Y ~ess l!l~1.~7; Subscribed, sworn to and acknowledged before me by RUTH R. RAILING, the Testatrix, and subscribed and sworn to before me by f< kftL E - Mo 0 r0 and VY\ tV ~.d_ '/ r 17 HGf -f-(t7t , the witnesses, this /3-#\'day of ~~ 2000. (~-:;r: ~vJ N'o-t'ary Public NOTARIAL SEAL CORfllNE L. MYERS, Notary Public Carlisle Bora. CumberfandCounty M Commission Ex ires Ma 27, 2003 lBC~d),~~~~80 '\U at'!!"! .r Ud Z-}..~R;Ut\(; S \ '0 " J() 38\:HO Qj\JdO)5b Page 3 of 3 Pages