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HomeMy WebLinkAbout11-08-06 (2) . REV - i... El:. (f-80) * REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT COMMONWEAlTH OF PENNSYlVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG. PA 17128-0601 FILE NUMBER 21 06 COUNTY CODE YEAR SOCIAL SECURITY NUMBER W I- ll:c(lIl UEll: wlLg %0... Ug:1D IL c( I- Z W C W U w C DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) Schwab, Elizabeth M 321-30-4989 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE ~~:?:;E C~-jL v 00396 NUMBER REGISTER OF WILLS SOCIAL SECURITY NUMBER I o 3. Remainder Retum (date of death prior to 12-13-82) o o 1. Original Return o 2. Supplemental Return o o o 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 between 12- 1 8. Total Number of Safe Deposit Boxes 5. Federal Estate Tax Return Required o 11. Election to tax under Sec. 9113(A) (Attach Sch 0) 20. ~ Copyright 2000 form software only The Lackner Group, Inc. CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) 04/30/2006 12/22/1937 2100 Longs Gap Road Carlisle, P A 17013 (1 ) 313,310.00 (2) 310,610.91 (3) None (4) None (5) 47,857.47 (6) None (7) 339,908.74 (9) 24,346.46 (10) (") OFc'CiAi Co ~::o CO-u 1'T1 ~ 0 :::Oz' ~,~ 05 ~ L'70Q CJOil OC ; :0 -0-1 );> (8) (11 ) ,.gor"y ~ z o ..cC I co ." ::: N .r:- C) 1,011,687.12 24,346.46 987,340.66 (12) 13. Charitable and Governmental Bequests/Sec 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) (13) 987,340.66 (14) SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15.Amount of Line 14 taxable at the spousal tax rate, x .00 (15) or transfers under Sec. 9116(a)(1.2) z 987,340.66 .045 (16) 0 16. Amount of Line 14 taxable at lineal rate x ~ ~-----~~.- ::I (17) IL 17.Amount of Line 14 taxable at sibling rate x .12 ~ 0 u S 18. Amount of Line 14 taxable at collateral rate x .15 (18) 19. Tax Due (19) (IF APPLICABLE) SURVIVING SPOUSE'S NAME ( LAST, FIRST AND MIDDLE INITIAL) o 4. Limited Estate ~ o 6. Decedent Died Testate (Attach copy of Will) 9. Litigation Proceeds Received I- Z ~ IRM NAME (If applicable) z ~ Stephen L. Bloom, Esquire ELEPHONE NUMBER 717/249-7717 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation, Partnership or Sole-Proprietorship z o 3 ::I l- ii: c u w a: 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) D Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) 11. Total Deductions (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) 44,430.33 44,430.33 Form REV-1500 EX (Rev. 6-00) t Decedent's Complete Address: STREET ADDRESS 51 Derbyshire Drive CITY Carlisle STATE P A ---------zIP--~-;~;;-- Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. CreditslPayments A. Spousal Poverty Credit B. Prior Payments C. Discount (1 ) 44,430.33 45,000.00 -_._.-._..~------~.- 2,221.52 Total Credits (A + B + C) (2) 47,221.52 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty (D + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (4) Check box on Page 1 Line 20 to request a refund 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 the tax due. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) Make Check Payable to: REGISTER OF WILLS, AGENT 0.00 2,791.19 0.00 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;.................................................................................. ~ I ~: ~::::~ :~e~~:i~~:~:~~;=s~~~.~~~~~.~~~.~~~.:.~~:.~.~.~.~~~~.~~~~~~.~~ .i~~.~~~~~~~::::::::: :::: :::::::: ::::::::::::::: 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?...................................................................................................................... D D ~ ~ ~ D 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation?..................................................................................................................... IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under penalties of pe~UIY, 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 prepare/" other than the personal representative is based on all information of which preparer has any knowledge. SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN ADDRESS 2636 Vhay Lane Mi~1 J. Schw ~ Bloomfield Hills, MI 48304 SIGNATURE OF PERS DATE ADDRESS /o~O'k-6 ./ DA'll!' ADDRESS DATE 2100 LOQgs Gap Road Carlisle, VA 17013 /0/ /"7/0 G For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S. 99116 (a) (1.1) (i)). For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. 99116 (a) (1.1) (ii)]. The statute does not exemDt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0% [72 P.S. ~9116 (a) (1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. 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 12% [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. *' SCHEDULE A REAL ESTATE COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT I ESTATE OF S h bEl' b h M I FILE NUMBER c wa, lza et 21 _ 06 _ 00396 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 wimng seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointly-owned with right of survivorship must be disclosed on schedule F. ITEM NUMBER 1 DESCRIPTION VALUE AT DATE OF DEATH 313,310.00 51 Derbyshire Drive, South Middleton Township, Cumberland County, PA - Date of Death County Assessed Value $313,310.00 x applicable Common Level Ratio of 1.0 = $313,310.00 (formerly jointly owned with predeceased husband) TOTAL (Also enter on Line 1, Recapitulation) 313,310.00 '* SCHEDULE B STOCKS & BONDS COMMONWEALTH OF PENNSYlVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Schwab, Elizabeth M FILE NUMBER 21 - 06 - 00396 All property jointly-owned with right of survivorship must be disclosed on Schedule F. UNIT VALUE ITEM NUMBER 1 DESCRIPTION T. Rowe Price Mutual Fund Account #'s 5001042106-6,5001042109-8, 5001042101-4 and 5001042113-7 2 Tamarack Mutual Fund Account #401-537231 TOTAL (Also enter on line 2, Recapitulation) VALUE AT DATE OF DEATH 244,396.27 66,214.64 310,610.91 * SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYlVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Schwab, Elizabeth M I FILE NUMBER 21 - 06 - 00396 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on schedule F. ITEM NUMBER 1 VALUE AT DATE OF DEATH 24,536.97 DESCRIPTION Members 1st Federal Credit Union Savings Account #279262-00 2 Members 1st Federal Credit Union Savings Account #229077-00 (formerly jointly owned with predeceased husband) 3,565.48 3 Members 1 st Federal Credit Union Checking Account #279262-11 1,970.96 4 Members 1st Federal Credit Union Checking Account #229077-11 (formerly jointly owned with predeceased husband) 5,598.09 5 USAA Subscribers Savings Account 2,185.97 6 Miscellaneous Personal Property and Household Goods (typical modest home furnishings of retired individual) 10,000.00 -------- ~--------- TOTAL (Also enter on Line 5, Recapitulation) 47,857.47 * l SCHEDULE G I INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY ----------- ----------------------------------- ------ COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER 21 - 06 - 00396 Schwab, Elizabeth M ITEM NUMBER This schedule must be com leted and filed if the answer to an of uestions 1 throu DESCRIPTION OF PROPERTY o/c OF Include the name ofthe transferee, their relationship to decedent and the date of transfer_ DATE OF DEATH Oc 's EXCLUSION Attach a copy of the deed for raal estate. VALUE OF ASSET DE D (IF APPLICABLE) INTEREST T. Rowe Price Roth IRA Account #1015432027-2 97,814.25 100% ,- 2 USAA Annuity Contract #7454479 27,601.01 100% 3 Nationwide Annuity Contract #0204265700 58,458.48 100% 4 Hartford Annuity Contract #711044422 156,035.00 100% _L__ - __L___J_ TOTAL (Also enter on line 7, Recapitulation) TAXABLE VALUE 97,814.25 27,601.01 58,458.48 156,035.00 339,908.74 *' J SCH:DlI.E H R.N:RAI... EXPENSES & ArMNSTRATlVE COSTS _._.n..__~.~_ _~.___~._._______.__.__~_~_._________ ___ COMMONWEAlTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Schwab, Elizabeth M I I I I __ ____ _____J____________________ I FILE NUMBER 21-06-00396 Debts of decedent must be reported on Schedule I. ITEM NUMBER A. B. DESCRIPTION FUNERAL EXPENSES: Hoffman-Roth Funeral Home, Inc. 2 Comfort Suites, Carlisle - Funeral Luncheon AMOUNT 7,464.91 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address 1. ADMINISTRATIVE COSTS: Personal Representative's Commissions Social Security Number(s) I EIN Number of Personal Representative(s): 2. Street Address City State _ Zip Year(s) Commission paid Attorney's Fees Stephen L. Bloom, Attorney and Counsellor at Law State City Relationship of Claimant to Decedent Zip 4. Cumberland County - Register of Wills Probate Fees 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. 1 Other Administrative Costs The Sentinel- Publication of Legal Notices 2 The Cumberland Law Journal- Publication of Legal Notices TOTAL (Also enter on line 9, Recapitulation) 883.52 15,000.00 786.00 137.03 75.00 24,346.46 REV-1513 EX+ (9-00) *' SCHEDULE J BENEFICIARIES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT I FILE NUMBER 21 - 06 - 00396 RELATIONSHIP TO DECEDENT ESTATE OF Schwab, Elizabeth M AMOUNT OR SHARE OF ESTATE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY I. 1 TAXABLE DISTRIBUTIONS (include outright spousal distributions) Michael J. Schwab 2636 Vhay Lane Bloomfield Hills, MI48304 Son Entire Estate I I I 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 TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET . . F:\FILBS\DA T Al'lLE\WILLS\906S- W. WlL -' , ...... I \ -~ \ 1 LAST WILL AND TESTAMENT I, ELIZABETH M. SCHWAB, of 51 Derbyshire Drive, 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 fonner Wills or Codicils by me made. ITEM ONE I direct that all my just debts, funeral expenses, testamentary expenses and all inheritance taxes shall be paid to the extent possible from those assets held or passing under ITEM FOUR hereof as soon as practicable after my decease and as part of the administration of my estate. ITEM TWO I give all of my personal and household effects, automobiles, boats and collections, if any, and any insurance policies thereon, unto' my husband, DON A. SCHWAB, if he survives me by thirty (30) days; otherwise to my son, MICHAEL J . SCHWAB. ITEM THREE If my said husband, DON A. SCHWAB, survives me, in order to obtain the portion of the marital deduction allowed in my estate by the Federal tax laws that will eliminate all Federal estate taxes payable as a result of my death, my Executor shall divide my residumy estate into two portions known as the "Marital Fund" and the "Credit Trust." The Marital Fund, which shall not be reduced by any taxes payable by reason of my death, shall be that fractional proportion of the entire residuary estate determined as follows: The numerator of such fractional proportion of my residuary estate shall be the smallest amount which, if allowed as a marital deduction, would result in the least possible Federal estate tax being payable as a result of my death, after allowing for the unified credit against Federal estate tax and all available credits and deductions claimed. The numerator shall be reduced by the value of any other property which, p,as~~to my said husband which qualifies for the marital deduction and . I . J reduced by thaI artlmmt; if any, which, when added to my taxable estate, will result in Federal estate q ('\ . J 1'" , '"'..J " ') . ~ · fl- A '. I! en r. " l, .JLiu~ J:..,: j~ij.:jtj 0:-:":, ',;, I -_.\.Jl.v'v:.JJ W. E.M.S. Page 1 of 8 Pages tax no larger than the credit for State death taxes allowed in my estate without increasing any State death taxes payable as a result of my death. The denominator of this fraction shall be the value of the entire residuary estate. Values assigned to the property for the purposes of this computation shall be those values finally detennined for Federal estate tax purposes. The Marital Fund shall be distributed outright to my said husband, DON A. SCHWAB, as soon as practicable after my death. The Credit Trust shall be held and managed by my Trustee in accordance with ITEM FOUR of this my Last Will and Testament. My Executor shall have the power to distribute assets in cash or in kind to the Marital Fund and to the Credit Trust and to select specific property to be distributed to the Marital Fund or the Credit Trust without regard to the income tax basis on such property. In making these allocations, my Executor shall use the value of the assets as of the date or dates of distribution so that each distribution shares proportionately in the appreciation or depreciation of assets between the date of my death and the date or dates for distribution. However, no allocation of assets shall be made to the Marital Fund which does not qualify for the marital deduction. To the extent that other assets which qualify for the marital deduction are available, there shall not be allocated to the Marital Fund (a) assets with respect to which an estate tax credit for foreign taxes paid is allowable or (b) any payments under an employees trust or retirement annuity contract of the type described in Section 2039( c) of the Internal Revenue Code or subsequent provisions of similar import or (c) United States Treasury Bonds that are eligible for redemption at par value in payment of the Federal estate tax. In computing the marital deduction all generation-skipping transfers for which I am the "deemed transferor" shall be disregarded. If I am not survived by my said husband, DON A. SCHWAB, I give, devise and bequeath all of the rest, residue and remainder of my estate, both real and personal property, unto my Trustee to be held or distributed by such Trustee under ITEM FOUR hereof. If my said husband, DON A. SCHWAB, survives me and disclaims any portion of the Marital Fund, such portion shall be added to the Credit Trust. id. E.M.S. Page 2 of 8 Pages Ifmy said husband, DON A. SCHWAB, and I die simultaneously, or under circumstances which render it difficult to determine who died first, my said husband shall be deemed to have survived me for all pmposes of this my Last Will and Testament. ITEM FOUR CREDIT TRUST My Trustee shall hold the assets received under ITEM THREE hereof: if any, for the following purposes: A. To pay the net income, at least quarter-annually, to my husband, DON A. SCHWAB, for life. In addition, my Trustee, in his sole discretion, may invade the principal of the trust to provide for the proper and adequate support of my said husband. B. The Trustee shall pay to my said husband, DON A. SCHWAB, annually, such sum from the principal of the trust as my said husband may request in writing, provided, however, that said sum may not exceed the greater of Five Thousand Dollars ($5,000.00) or five percent (5%) of the aggregate vallte, at the time of said request, of the principal of the trust hereunder. C. Upon the death of my said husband, DON A. SCHWAB, my Trustee shall distribute the principal of the trust to my son, MICHAEL J. SCHWAB, absolutely. D. In the event that my said son shall fail to survive my husband and me, but shall leave issue surviving, then my deceased son's share shall be held by my Trustee and the net income therefrom shall be used, in equal shares, for the support, maintenance and education of the issue of my deceased son. My Trustee shall use as much of the principal as it shall deem desirable for said purposes. My Trustee shall distribute absolutely the principal of such share of my deceased son to the issue of my deceased son per stirpes as each shall attain the age of twenty-one (21) years. E. Notwithstanding any other provisions to the contrary, in no event shall any share be distributed to any beneficiary later than twenty (20) years after the later of the death of my husband or me. ITEM FIVE POWERS OF EXECUTOR AND TRUSTEE In addition to the powers conferred by case law, by statute, and by other provisions hereof, t!1L. E.M.S. Page 3 of 8 Pages my Executor and Trustee and their successors, shall have the following discretionary powers applicable to all property held by them which powers shall be effective without order of any court and shall exist until final distribution: A. To retain any property of any nature received by them for whatever period he shall deem advisable; B. To invest and reinvest all or any part of said property in such stocks, bonds, common trust funds, securities, accounts, certificates of deposit (including, but not limited to, stocks, bonds, common trust funds, securities, accounts or certificates of deposit of the Trustee) or other property, real or personal, as in his discretion he shall deem proper, without regard to statutes limiting the property which a fiduciary may purchase; C. To sell, transfer, exchange or otherwise dispose of, any part of said property, for cash or on terms, publicly or privately, or to lease, even for a tenn exceeding five (5) years or the duration of any trust herein, without liability on the purchasers or lessees to see to the application of the proceeds, and to give options for these purchases without the obligation to repudiate them in favor of a higher offer; D. To execute and deliver any deeds, leases, assignments or other instruments as may be necessary to carry out the provisions of any trust hereunder; E. To borrow money, including the right to borrow money from any bank and to mortgage or pledge any asset of the estate as security; F. To assume continuance of the status of any beneficiary with regard to death, marriage, divorce, illness, incapacity and the like in the absence of information deemed reliable without liability for disbursements made on such assumption; G. To pay from the bust, or the income therefrom, all debts or claims against my estate, or any taxes or similar charges on my estate; H. To make any distribution hereunder either in kind or in money, or partially in kind and partially in money. Distribution in kind shall be made at the market value of the property distributed, and my Trustee, in his absolute discretion, may cause the share distributed to any distributee to be composed of property similar to or different from that distributed to any other w. E.M.S. Page 4 of 8 Pages distributee; I. To exercise any subscription right in connection with any security held hereunder, to consent to or participate in any recapitalization, reorganization, consolidation or merger of any corporation, company or association, the securities of which may be held hereunder, to delegate authority with respect thereto, to deposit investments under agreements, to pay assessments, and generally to exercise all rights of investors; 1. To invest in endowment, insurance or annuity policies on the lives of beneficiaries of any trust hereunder; K. To continue in any partnership, joint venture, joint ownership or other business enterprise of which I am a part at the time of my death; L. To compromise claims; M. To continue for whatever period of time as he shall deem necessary any ownership as a tenant in common or as a partner, in real estate or other property and to act as I could have done had I been living; N. To lend money to my estate or to any buSt created hereunder or to purchase from the estate or from any trust created hereunder, at the market value thereof at the time of purchase, any securities or other property tendered to them by my estate or any buSt created hereunder at any time and from time to time within a period of nine (9) months after my death; O. In the event that any amounts are payable hereunder or under any trust created hereunder to a minor, or to a person otherwise under legal disability, or to a person not adjudicated incapacitated, but who, by reason of illness or mental or physical disability is, in the opinion of fiduciary(ies) hereunder, unable to properly administer such amounts, such amounts may be paid by the fiduciary(ies) hereunder in his, her or their sole discretion in any of the following ways as he, she or they may deem best: 1. Directly to such beneficiary; 2. To a legally appointed guardian of such beneficiary for the benefit of such beneficiary; 3. To a person having custody of such beneficiary for the benefit of such LtaL E.M.S. Page 5 of 8 Pages beneficiary; 4. By the fiduciary(ies) hereunder using such amounts directly to the benefit of such beneficiary. P. To employ agents, attorneys and proxies and to delegate to them such power as my personal representatives and Trustees consider desirable and to pay reasonable compensation for such services as may be rendered by such agents, attorneys and proxies; Q. To conduct an inventory of any safe deposit box necessary to the administration of my estate. R. To do all other acts in their judgment necessary or desirable for the proper management, investment and distribution of my Estate. ITEM SIX PROTECTIVE PROVISIONS All income or principal held for the use and benefit of the beneficiaries of any trust hereunder shall not be in any way or manner subject to anticipation, assignment, pledge, sale or transfer, nor shall any such interest, while in the possession of my Trustee, be liable for or subject to the debts, contracts, obligations, liabilities or torts of any beneficiary, or to attachments, executions or sequestrations under process of law. ITEM SEVEN APPOINTMENT OF EXECUTOR AND TRUSTEE I nominate, constitute and appoint my husband, DON A. SCHWAB, as Executor of my estate. In the event that my said husband shall predecease me or fail to act as Executor, then my said son, MICHAEL J . SCHWAB, shall serve as Executor of my estate. I nominate, constitute and appoint my husband, DON A. SCHWAB, as Trustee of any trust created hereunder. In the event that my said husband shall fail or be unwilling to continue to act as Trustee, then I appoint my said son, MICHAEL 1. SCHWAB, to act as Trustee of any trust created hereunder. ~ E.M.S. Page 6 of 8 Pages ITEM EIGHT WAIVER OF BOND I direct that neither my Executor nor my Trustee shall be required to file any bond in any jurisdiction to secure the faithful performance of his duties, nor shall he be required to obtain any order or approval of any court for the exercise of any power or discretion set forth in this Will. IN WITNESS WHEREOF I have hereunto set my hand and seal this I/~ day of Dt~ ,1997 ~~~ EI' eth M. Schwab (SEAL) SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testatrix, as and for his Last Will and Testament, in the presence of US, who at his request, have hereunto subscribed our names as witnesses thereto, in the presence of the said Testatrix and of each other. ~:1;. - 1a~7 C~~ ~ Page 7 of 8 Pages " . COMMONWEALTH OF PENNSYLVANIA ) : SS. COUNTY OF CUMBERLAND ) It Elizabeth M. Schwab, 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. .L ~fA!J!~ W E . eth M. Scliwab Sworn or affinned to and acknowledged before me by Elizabeth M. Schwab, the Testatrix, thiSI!~ day ofl:>~f'~.I€~ COMMONWEALTH OF PENNSYLVANIA , 1997 (!~A~:q'n1 tF' ....J Notary Public - ---'._-'~-- -----_..---'-- ,..,~. " r':-.l_t,.;::~'r:~:~.>'~f:', ,'~E: ; I., ) : SS. ) -' .. --.... -.- COUNTY OF CUMBERLAND We, S~~. /31~ ~ 7n~f'~ V. ~) the witnesses whose names are signed to the attached or foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw Elizabeth M. Schwab, the Testatrix, sign and execute the instrument as his Last Will; that the Testatrix signed willingly and that the Testatrix executed it as his 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. ~~ Address 7:;-,"" 1:::4S-1- t../.-fJ.. ~1-"e~"'-. /_..-I's;/~. JJA /70/3 ,. Sworn or affirmed to and subscribed before me this ) J ~y of ~ ~~ ~n.~ Notary Public ,1991 . , ~'.. . :: . '..,' . ..... Page 8 of 8 Pages , \ I Page 1 of 1 Detailed Results for Parcel 40-09-0533-037. in the 2004 Tax Assessment Database DistrictNo 40 Parcel_ID 40-09-0533-037. MapSuffix HouseNo 51 Direction Street DERBYSHIRE DRIVE Owner) SCHW AB, DON A & ELIZABETH M C/O PropType R PropDesc LivArea 2830 CurLandVal 69150 CurlmpVal 244160 CurTotVal 313310 CurPretVal Acreage 0.41 CIGrnStat TaxEx I SaleAmt I SaleMo I SaleDa 23 SaleCe 19 SaleYr 98 DeedBkPage 00 I 71-002 12 YearBIt 1994 HF _File_Date 10/19/2004 HF _Approval_Status A http://taxdb.ccpa.net/ details.asp ?id=40-09-05 3 3-03 7 .&dbselect= 1 5/4/2006 . I I Primary Owner: REGULAR SAVINGS ACCOUNT: Account Number/ Suffix Date Account Established Principal Balance at Date of Death Accrued Interest to Date of Death Total Principal and Accrued Interest Name of Joint Owner Date Joint Ownership Established CHECKING ACCOUNT: Account Number/Suffix Date Account Established Principal Balance at Date of Death Accrued Interest to Date of Death Total Principal and Accrued Interest Name of Joint Owner Date Joint Ownership Established Estate of: ELIZABETH M. SCHWAB Date of Death: April 30, 2006 Social Security Number: 321-30-4989 st MEMBERS 1st FEDERAL CREDIT UNION Elizabeth M. Schwab Don A. Schwab 279262-00 02101/2006 $24,520.93 $16.04 $24,536.97 None 229077 -00 04/16/2003 $3,562.65 $2.83 $3,565.48 Elizabeth A. Schwab 04/16/2003 279262 -11 02/01/2006 $1,970.42 $.54 $1,970.96 None 229077 -11 04/16/2003 $5,597.03 $1.06 $5,598.09 Elizabeth A. Schwab 04/16/2003 MAE~S 1ST "RAL CREDIT UNION lJ1i%td/ ?//{l/L . Denise A. Wolfe ~ ,--,vI: - Insurance Services Supervisor August 1,2006 5000 Louise Drive · PO. Box 40 · Mechanicsburg, Pennsylvania 17055 · (717) 697-1161 · www.members1st.org I I . .. 214 Senate Avenue, Suite 303 Camp Hill, Pennsylvania 17011 717-763-7365 · 717-763-7684 Fax www.wienken.com ,,-" WIENKEN ASSOCIATES Financial Services June 28, 2006 Stephen L. Bloom, Esq 2100 Long Gaps Road Carlisle, P A 17013 Dear Steve, As regards the estate of Elizabeth M. Schwab, the following date of death valuations have been determined. 1. T. Rowe Price Roth IRA Account # 1015432027-2 Ownership Elizabeth M. Schwab Valuation April 30, 2006 $97.814.25 2. T. Rowe Price Mutual Fund Account #'s 5001042106-6, 5001042109-8,5001042101-4,5001042113-7 Ownership Elizabeth M. Schwab Valuation April 30, 2006 3. Tamarack Mutual Fund Account # 401-537231 Ownership Elizabeth M. Schwab Valuation April 30, 2006 4. USAA Annuity Contract # 7454479 Ownership Elizabeth M. Schwab Valuation April 30, 2006 5. Nationwide Annuity Contract # 0204265700 Ownership Elizabeth M. Schwab Valuation April 30, 2006 6. Hartford Annuity Contract # 711044422 Ownership Elizabeth M. Schwab Valuation April 30, 2006 7. USAA Subscribers Saving's Account Ownership Elizabeth M. Schwab Valuation April 30, 2006 $244.396.27 $66.214.64 $27.601.01 $58.458.48 $156.035 $2.185.97 Securities offered through duly authorized registered representatives of MML Investors Services. Inc., 214 Senate Avenue, Suite 303, Camp Hill. PA 17011 · 717-763-7365 Investment Advisory Services offered through Wienken & Associates, Ltd., a Wienken & Associates Financial Services subsidiary. Wienken & Associates, Ltd., is not a subsidiary or affiliate of MML Investors Services, Inc. Services offered through W;j:jnla:tn Jl JJf:~"";1JtlJ~ J trl "rLJ ",,1 ,..",,,,..,..,,,..^rl ....... ....11.......,.,1 .....A.._... I I . I 8. Members 1 st FCU Checking Account 9. Members 1 st FCU Savings Account Total $5.536.55 $30J35.78 $688,377.95 I believe the above listing comprises the entire investment and cash estate of Elizabeth M. Schwab as of April 30, 2006. Cc: Michael Schwab SincerelY'dl ~ \;e~e1hFC , I Hoffman-Roth Funeral Home, Inc. 219 North Hanover Street Carlisle, PA 17013 (717)243-45 II May 26, 2006 Mlchael J. Schwab 2636 Vhay Lane Bloomfield Hills, MI 48304- The Funeral Service for Elizabeth Mary Schwab 14756-83 We sincerely appreciate the confidence you have placed in us and will continue to assist you in every way we can. Pirm;e feel free to contact us if you have any questions in regard to this statement. THE FOLLOWING IS AN ITEMIZED STATEMENT OF THE SERVICES, FACILITIES, AUTOMOTIVE EQUIPMENT, AND MERCHANDISE THAT YOU SELECTED WHEN MAKING THE FUNERAL ARRANGEMENTS. OUR SERVICE: Traditional fUl1cral Service Package . USE OF STAFF AND EQUIPMENT: ( Miles Transported to Arlington . FUNERAL HOME SERVICE CHARGES $3790.00 $100.00 $3890.00 SELECTED MERCHANDISE: Neopolitan Casket. . . . . . . . . . . . . . . . . . . . . . THE COST OF OUR SERVICES, EQUIPMENT, AND MERCHANDISE THAT YOU HAVE SELECTED . . . . . . . . . . . . . . $2440.00 $6330.00 Cash Advances Newspaper Obituary Notice-Patriot News. Newspaper Obituary Notice-Chicago Tribune Newspaper Obituary Notice-Sentinel . Clergy Offering . . . . . . . . Certified Copies of Death Certificates. Flowers. . Hairdresser. Organist. . Cantor. . A Itar Servers TOTAL CASH ADVANCES AND SPECIAL CHARGES . $273.00 $150.06 $174.35 $175.00 $180.00 $132.50 $30.00 $125.00 $50.00 $20.00 $1309.91 Total Total Cost . .. .. .. .. .. .. .. .. . .. . .. .. .. .. .. .. .. . .. .. .. .. .. .. $7639.91 Histol')' 05/15/2006 CREDIT Clcrgy Offering. $-175.00 --- J 7Y~Y: '/ / )1/ -0C . I JUN-27-cOOo(TUE) 11: 13 . .1 '...Iel ..'1,... COMFORT SUITES, CARUSLE 10 SOUTH HANOVER STREET CARLISLE, PA 17013 USA (717) 06C>-1ooo gm.pa2880choicehotels.com SCHWAB, LUNCHEON CARUSLE. PA 17m3 US ":.~~w~1J.f~~j~~~~~~Vf:,:;~;'"(:~-~~:',~ ~~'~;~~,~~~:::~~~~', ~~~~~':~::~ r~~,~:~<;j ~,,:.~: ;':.f';;~~~L~~..P:~r:~~~~ ~ ~~ ~i,'-t:~~~~!;~~ 01/09/00 01/16106 01116/06 01/18106 01/16106 01/16106 0111ll1Otl 01/16108 0'/16/06 01/16/06 01/16/06 01/18106 01/16106 01/18106 01116108 01116106 05I0!W6 05I0lJl06 O!j/()9Jl)6 O5/09.'Oe o5lOVlOe 0S/09f06 OSIowoe . .." c"..~C' "''WI:LS AMERICAN EXPRESS BANQUET FOOD BANOUET ~OOD BANOUET FOOD BANQUET FOOD BANOUETFOOO 8A~ I=OOD 19"... SERVICE CHARGE SET UP FEE 6<v.. STATE OCCUPANCY "TAX 19"'" SERVICE CHARGE 6"1. STATE SALES TAX BANQUET FOOD 1 g'% SERVICE CHARGE 6% STATE SALES TAX AMERICAN EXPRESS BANQUET FOOD BANQUET FOOO BANQUET FOOD BANOUET FOOD BANOUeT FOOD BANQUET FOOO 19% SERVICE CWARGE COMFORT SUITES, CARUSLE 10 SOUTH HANOVER STREET CARLISLE. PA 11013 USA (717) 960-1000 gm.pa2660choicoholols.com LUNCHEON SCHWAB CARLISLE, PA 17013 US P UUI/UU( ACcount 1~ Oato: 06121106 Paae: 1 01 2 Room: Antval Dale: nep.JtUr8 Dal.~ FrllqUenI Tra"..r 10: You woro chcckod out by: You were ehOeluld In by: AMEAlCAN ExPRESS .150.00 Aut: ] ~"r.. c ,1007 1 CHEESE DfsP\.AY 0 125.00 1 YEaGle TRAV 0 90.00 1 ROAST nJRKEY BREAST. 85.00 1 ROASTED p~ME RIB 0 270.00 2 1 '12 GALLONS OF COFFEe Ct 24.00 e PITCHERS OF SODA. 3.50 19% SeRVICE CHARGE SET UP FEE 8-10 STATE OCCUPANCY TAX 1 CARVlNO FEE 0 36.00 ~ STAte SAlES TAX 1 MORE COFFEE 0 24.00 ADD ON COFFEE 6"iI. STATE SAleS TAX AMERICAN EXPRESS 125.00 90.00 85.00 210.00 48.00 21.00 121.41 50.00 3.00 35.00 47.72 24.00 4.56 1.72 -776.41 Acel: lllca~~cccccc[1007 1 CHEESE DISPlAY 1 VEGGIE TRAY 1 ROAST TURKEY BREAST 1 ROASTED PRIME A1B 3 GALL.ONS OF COFFEE a PITCHERS C# SODA 19% SEfMCE CHARGE '7 'z.<-:.";-,/ 125.00 90.00 75.00 270.00 48.00 21.00 11D.51 Aoom: Ani"" Dele: Deplutl.lnt o.a.: Accloum: lM481 r:t8OJont Tmvoler 10: ~a1 Number: 009186 elii'd Type: Me Date: fJ/Z712OOfJ CaId Number: . 1472 Tll)tal: 883.52 If payman'I by credit c:an11 agree 10 PI' me ~ ICIIaI daQD amaurI ac:contIng 10 1he ~ iIIeuer.MI!IOnl A PLATINUM AWARD WINNER 2003-2004 Fodcrat T3 10" 25-18Cl6453 )( . . ilIN-27-?ODh( : ::f.) 11: 13 I'" UUC/UUC . .. L.~lcr .a~IL. SCHWAB. LUNCHEON COMFORT SUITES, CARUSl! 10 SOUTH HANOVER STREET CARLISLE, PA 17013 USA (717) 960.1000 Qm ,pa266 Ocnoicehotels.com Acc:otInI: 194489 Dale: 0ISIZ7J08 p~ 2 01 2 Room; Antval 0310: Dopanure Dale: j:rcQI.ICnl Traveler 10: You ~ chocked out by. You WOrD eheekOd In by. CARLISLE. PA 17013 US I ..... '1]' ,of' '!l~""'" ',' ",,',' ',. ..,. .,' , . I ~""'__""'.:J..l.~ " ' ., - . , ..',.. IT, '" - ~~...- "....0:::-."''''''' . I;~ J. 0 ..I~,r l-.7.")oJ.............t";....:f~ ,~..;.-:~_ ...... ,'" 'J (; . ~1'"' ';~ ,..;':'FfT #.J;.."..Jj~r ~ .' t ~1 ".;~~' ! I, I ~ f':") ii'.. I - -........-:,,J.. I ~ ~t\l' , ,'t: ,'(':. ~~~~~Z~;.n:; :.!> ~~~;. "A ..: ',~i':~ ';"i .::: =: ;:'! ~';', r~.;If,~~j,::,'; .~;~~; ,:'~'.:-:~~i .:'~'~ ,; ~:.~~:-:~.:,; ,.;, ~~1'~~.:'. ~ ,.::, ::~~:.')' OSlOSf06 05/00108 05l09f00 05109100 05/00'08 SET UP FEE 8% STATE OCCUPANCY TAX 19% SERVICE CHARGE fW. STATE SALES TAX MASTr:R CARO SET UP FEE .,. STATE ocaJPANCY TAX CARVING FeE 8% STATE SALES TAX UASTI;R CARD SO,OO 3.00 35.00 47.01 -883,52 AccI~ w.....7472 Balaneo Duo: 0.00 II payment bv credit card, f agree 10 pay the aOove tot.. ct1Gtgo amount according 10 m. COld I"uor agroomon.. A p~nNUM AWARD WINflER 2003-2004 f:cdor:ll Tox 10 . 25-11108453 x . ., e1...". .......l. LUNCHEON SCHWAB COMFORT SUITES, CARLISLE 10 SOUTH HANOVER STREET CARLISle. PA 17013 USA (71n 980-1000 gm.p&2t560cholcehotels.com ROom: Arrlv:21 D:IID: Depanure Dele; AccotI1t~ 1lM4811 Frequent Trtlltler 10: APPOVII NUmbOr. 0091 15& Cant Type: Me 0..: 8J2712OO6 Card Number.~"""""""'472 TtIIIl1l:883.52 If paymenr by credit card. 1 GgtM to pay the lbave tDUlI charge amo&I1l ac:c:onlfng 10 1M e.31d 1ssU/W' agrnemem. A PLATINIJU AWARD WiNNeR 200G-2004 FId.,.. Tax 10. 2l50180CW53 CARLISLE. PA 17013 US x Jl STEPHEN L. BLOOM ATT()RNEY .\ND C()UNSELLOR AT LAW WWW.PRACTICALCOUNSEL.COM 21 00 LON (; S C 1\ P R (l!\ D C ..\ R I. 1 S I. E. PI.: N N S Y I. V ..\ N 1 r\ 1 70 1 3 TELEPHONE 717 249-771- I' r\ C S I M I 1.1: 7 1 7 - 2 4 9 _ '7 "7 :; 7 TOLL FREE 877.548-9602 S Ii I. () 0 M @ P R f\ C TIC r\ I. C () l.' N S E I. . COM Invoice submitted to: Schwab, Elizabeth M. Estate 2636 Vhay Lane Bloomfield Hills MI 48304 Michael J. Schwab, Executor September 20, 2006 In Reference To: Estate Administration -Including: Invoice #1788 Professional Services Preliminary Preparations for Probate/Administration of Estate; Petition for Probate and Grant of Letters; Oath of Personal Representative; Decree of Probate and Grant of Letters; Estate Information Documents; Appearance at Register of Wills for presentation of Petition, etc. Correspondence, Telephone conferences and office conferences with Executor and Financial Consultant (Mr. Hervey) IRS Forms SS4; Correspondence with IRS re same Review and file correspondence from IRS Administrative, death tax and estate accounting matters; Preparation of required Notice of Beneficial Interest in Estate and Certification re same Preparation of required Legal Notices for publication; Correspondence with The Sentinel and The Cumberland Law Journal re same; Correspondence with Department of Public Welfare, Estate Recovery Program; Correspondence with Members 1st Federal Credit Union; Death Tax Matters Preparation of Inheritance Tax Estimate/Discount Review and file documentation from Members 1 st Federal Credit Union; Payment and Official Receipt/Inheritance and Estate Tax; Proofs of Publication - The Sentinel & The Cumberland Law Journal Administrative and estate accounting matters; Documentation of valuations and expenses; Preparation of Inheritance Tax Return and Schedules; Tax Calculation; Preparation of Inventory; Correpondence; Reserve for balance of Administration, including real estate disposition and related matters, notice of appraisement, filing appearances at Register of Wills, Release documents, notice of final status of administration For professional services rendered Amount $15,000.00 PRACTICAL COUNSEL + CHRISTIAN PERSPECTIVE .. Schwab, Elizabeth M. Estate Additional Charges: 6/23/2006 Publishing Fee - Legal Notice - The Cumberland Law Journal 7/28/2006 Publishing Fee - Legal Notice - The Sentinel Total costs Total amount of this bill 5/15/2006 Payment - thank you Total payments and adjustments Balance due PAYABLE UPON RECEIPT - THANK YOU PRACTICAl. COUNSEL + CHRISTIAN PERSPECTIVE Page 2 Amount 75.00 137.03 $212.03 $15,212.03 ($7,712.03) ($7,712.03) $7,500.00 l .- .. RECEIPT FOR PAYMENT ------------------- ------------------- GLENDA FARNER STRASBAUGH Cumberland County - Register Of Wills One Courthouse Square Carlisle, PA 17013 SCHWAB ELIZABETH M Estate File No. : Paid By Remarks: Receipt Date: Receipt Time: Receipt No.: 5/04/2006 12:21:48 1044248 2006-00396 SCHWAB MICHAEL J MG Fee/Tax Description PETITION LTRS TEST WILL SHORT CERTIFICATE JCP FEE AUTOMATION FEE Check# 777 Total Received......... Receipt Distribution ------------------------ Payment Amount Payee Name 660.00 CUMBERLAND COUNTY GENERAL FUN 15.00 CUMBERLAND COUNTY GENERAL FUN 48.00 CUMBERLAND COUNTY GENERAL FUN 10.00 BUREAU OF RECEIPTS & CNTR M.D 5.00 CUMBERLAND COUNTY GENERAL FUN ---------------- $738.00 $738.00 . ._ .r ~ECEIPT FOR PAYMENT ------------------- ------------------- GLENDA FARNER STRASBAUGH Cumberland County - Register of Wills One Courthouse Square Carlisle, PA 17G13 Rece~pt Date: Rece=!-pt Time: Recel.pt No.: 5/10/2006 11:22:35 1044320 SCHWAB ELIZABETH M Estate File No. : Paid By Remarks: 2006-00396 MICHAEL J SCHWAB CMM ------------------------ Receipt Distribution ------------------------ Fee/Tax Description Payment Amount Payee Name SHORT CERTIFICATE Check# 783 Total Received......... 48.00 ---------------- $48.00 $48.00 CUMBERLAND COUNTY GENERAL FUN . .. .r- RETAIN THIS PORTION FOR YOUR RECORDS PA 17013 M PUBLIC NOTICES AD I I NOTICE LETTERS TESTAMENTARY ON THE PUBlI A TION INSe I NS RATE 3 THE SENTINEL - LEGAL 3 LGL TOTAL AD CHARGE 3 PROOF OF PUBLICATION 01PRF 6.35 DA VS RUN PURCHASE ORDER PAY THIS AMOUNT Est. E. Schwab aum 137.03 164.44* · AFTER 08/11/ 6 MESSAGE: Thank you for advertising with The Sentinel. Deadlines for in-column legal advertisements: Monday is Friday at 11 a.m.; Tuesday is Friday at 4 p.m.; Wednesday is Monday at 12 Noon; Thursday is Tuesday at 12 Noon; Friday is Wednesday at 12 Noon; Sunday is Thursday at 12 Noon. If you have any questions regarding your Legal bill please call Tammy Shoemaker 243-2611, ext 203. Fax your legals to 243-3754, attention Tammy Shoemaker You can also &MAIL your legal to Classified ads: classified@cumberlink.com Please send a cover letter including your name and address as an attachment DETACH AND RETURN THIS PORTION WITH YOUR PAYMENT THE SENTINEL - LEGAL P.O. BOX 130 CARLISLE PA 17013 Est. E. Schwab AD NUMB LA o PUBLIC NOTICES aum 309697 AD E I N NOTICE LETTERS TESTAMENTARY ON THE 06/27/06 BILLIN A 07/12/06 07/11/06 NU 717-249-7717 GROSS AMOUNT OF 1 64.44 DUE AFTER 08/11/06 TOTAL AMOUNT DUE 137.03 ENTER AMOUNT ENCLOSED ATTORNEY AT LAW STEPHEN L. BLOOM 2100 LONGS GAP ROAD CARLISLE, PA 17013 1...111...11'11...."1111.1..1.' /'37.0'3 ~n~nnnnnn^~^n'^"^^^^^^^^____^_____ _ .----- ~ .'. -f' CUMBERLAND LAW JOURNAL 32 SOUTH BEDFORD STREET CARLISLE, PA 17013 July 28, 2006 Cumberland Law Journal is published every Friday by the Cumberland County Bar Association and is designated by the Court of Common Pleas as the official legal publication for Cumberland County and the legal newspaper for publication of legal notices. TO: Stephen L. Bloom, ESQUIRE Elizabeth M. Schwab, ESTATE RE: Legal advertisements must be received by Friday Noon. All legal advertising must be paid in advance. Make all checks payable to: Cumberland Law Journal. - ------------ Advertisement inserted on following dates: July 14, July 21, and July 28, 2006 Advertising Cost 75.00 $ 0.00 $ 0.00 $ 75.00 ------------- $ 00.00 Proof of Publication Second Proof Request Payment received Total Amount Due Payment received 7/03/06 Becky H. Morgenthal, Executive Director