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HomeMy WebLinkAbout01-25-07 REV-1500 EX (6-00) W I- :ll:: SUI U~:ll:: WI1.U J:~O ul1.iil 11. c( OFFICIAL USE ONLY COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER ~~ ~lo CC\ '\ lo ----- COUNTY CODE YEAR NUMBER I- Z W C W o W C DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) Fay L. Marsella DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) 10-29-2006 06-03-1927 (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) N/A ~ 1. Original Return D 4. Limited Estate D 6. Decedent Died Testate (Attach copy of Will) D 9. Litigation Proceeds Received SOCIAL SECURITY NUMBER 211-16-5870 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER N/A D 2. Supplemental Retum D 3. Remainder Retum (date of death prior to 12-13-82) D 4a. Future Interest Compromise (date of death after 12-12-82) D 5. Federal Estate Tax Return Required D 7. Decedent Maintained a Living Trust (Attach copy of Trust) _ 8. Total Number of Safe Deposit Boxes D 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) D 11. Election to tax under Sec. 9113(A) (Attach SchOl NAME Edward M. Oberman, CPA FIRM NAME (If Applicable) Edward M. Oberman, CPA, PC TELEPHONE NUMBER (856) 875-5300 COMPLETE MAILING ADDRESS 4150 Route 42 Turnersville, NJ 08012 f"'>..".) ':-:-:.:~ .-"f , 1. Real Estate (Schedule A) (1 ) OFFICIAL Qse ONLY'. 2. Stocks and Bonds (Schedule B) (2) 15,843 i'-) Ui 3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) " -',., 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) (4) ,.--:; 22,099 (5) r.o' z o i= :5 :J l- ii: <( o w 0::: 6. Jointly Owned Property (Schedule F) (6) o Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) (8) 13,730 4,960 37,942.00 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 ) 18,690.00 19,252.00 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) (12) (13) 14. Net Value Subject to Tax (Line 12 minus Line 13) (14) 19,252.00 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES z o i= ~ :J D.. :iE o o >< <( I- 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) x .0 _(15) x.O ~(16) x .12 (17) x .15 (18) (19) 866.34 16. Amount of Line 14 taxable at lineal rate 19,252 866.34 17. Amount of Line 14 taxable at sibling rate 18. Amount of Line 14 taxable at collateral rate 19. Tax Due 20. D CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 5W4632 1.000 ~ Decedent's Complete Address: S1REET ADDRESS Country Meadows Retirement Center 4905 East Trind1e Road CIN I STATE I ZIP Mechanicsburg PA 17055 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit 8. Prior Payments C. Discount (1 ) 866.34 43.32 Total Credits (A + 8 + C) (2) 43.32 3. Interest/Penalty if applicable D. Interest E. Penalty TotallnteresUPenalty (D + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 Line 20 to request a refund (4) 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 823.02 A. Enter the interest on the tax due. (5A) 8. Enter the total of Line 5 + 5A. This is the BALANCE DUE. Make Check Payable to: REGtsTER OF WILLS, AGENT (58) 823.02 PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: a. retain the use or income of the property transferred;. . . . . . . . . . . . . . . D b. retain the right to designate who shall use the property transferred or its income: . D c. retain a reversionary interest; or ....... . . . . . . . . . . . . . . . . . D d. receive the promise for life of either payments, benefits or care? . . . . . . . . . D 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . . . . . . . . . . . . . . . . . . . . . . . . . . .. D 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? D 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. D ~ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under penalties of pefjury, 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. SIG ~ESP LE FOR FILING N SS Yes No ~ ~ ~ ~ ~ ~ DATE ADDRESS Edward M. Oberman, CPA, PC 4150 Route 42 Turnersvi11e, NJ 08012 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. S 9116 (a) (1.1) (i)). For dateS of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the uSe of the surviving spouse is 0% [72 P.S. S 9116 (a) (1.1 )(i1)]. 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 retum 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. 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. S 9116(1.2) [72 P.S. S9116(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. S 9116(a)(1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. 5W4633 t.OOO REV-1503 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF SCHEDULE B STOCKS & BONDS FILE NUMBER Fay L. Marsella All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION VALUE AT DATlE OF DEATH 15,843 1. 408 shrs Mellon Financial Corporation TOTAL (Also enter on line 2, Recapitulation) $ 15,843.00 5W4696 1.000 (If more space is needed, insert additional sheets of the same size) REV-150B EX + (6-9B) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF Fay L. Marsella FILE NUMBER 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 DESCRIPTION Citizens Bank, PA a/c# 6104724764 VALUE AT DATE OF DEATH 22,099 5W46AD 1.000 TOTAL (Also enter on line 5. Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 22,099.00 REV-1511 EX + (12-99) COMMONWEAL TH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Fay L. Marsella SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS FILE NUMBER Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Vincent Gangemi Funeral Home, flowers, luncheon, etc. 13,280 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s) I EIN Number of Personal Representative(s) Street Address City State Zip Year(s) Commission Paid: 2. Attorney Fees 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent 4. Probate Fees 5. Accountant's Fees 450 6. Tax Return Preparer's Fees 7. TOTAL (Also enter on line 9, Recapitulation) $ 13,730.00 5W46AG 1.000 (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 ESTATE OF Fay L. Marsella SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS FILE NUMBER Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including un reimbursed medical expenses. ITEM NUMBER 1. Choice Nursing 2 Hospice of Central 3 Camphill Emergency DESCRIPTION VALUE AT DATE OF DEATH 451 2,000 2,509 PA Physicians 5W46AH 1.000 TOTAL (Also enter on line 10, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 4,960.00 REV-1513 EX+ (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Fay L. Marsella NUMBER I SCHEDULE J BENEFICIARIES NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] Robert Marsella 1 Red Oak Court Turnersville, NJ 08012 1 2 Stephanie Marsella 2224 South Bancroft Street Philadelphia, PA 19145 RELATIONSHIP TO DECEDENT Do Not List Trustee(s) Son Daughter Daughter FILE NUMBER AMOUNT OR SHARE OF ESTATE 6,418 6,417 6,417 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE 5W46A11.000 3 Bernadette Schaufert 6 Boxwood Lane Camp Hill, PA 17011 B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ (If more space is needed, insert additional sheets of the same size) 01/11/2007 15:33 FAX t4J 002 REGISTER OF WILLS CUMBERLAND County, Pennsylvania CERTIFICATE OF GRANT OF LETTERS No. 2006-00976 Estate ot: FAYMARSELLA IFlrst, MirJrlle. L"Sf) FA No. 21~06-0976 Late Of; MECHANICSBURG BOROUGH CUMBERLAND COUNTY Deceased Social Security No: 211-16-5870 WHEREAS, on the 3rd day of November 2006 an instrument dated June 24th 2002 was admitted to probate as the last will of FA Y MARSELLA (FifSl. M'cld/q. /.iJst) late of MECHANICSBURG BOROUGH, CUMBERLAND County, who died on the 29th day ot October 2006 and, WHEREAS, a true copy of the will as probated is annexed hereto. THEREFORE, I, GLENDA FARNER STRASBAUGH Register of Wills in and for CUMBERLAND County, in the Commonwealth of Pennsylvania, hereby certify that I have this day granted Letters TESTAMENTARY to: ROBERT MARSELLA who has duly qualified as EXECUTOR(RIXj and has agreed to administer the estate according to law, all of which fully appears of record in my office at CUMBERLAND COUNTY COURT HOUSE, CARLISLE, PENNSYL VANIA. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal of my office on the 3rd day of November 2006. ~~~l~ egister 0 Wills . ~lA '&. CL~ Deputy **NOTE** ALL NAMES ABOVE APPEAR (FIRST', MIDDLE, LAST) 01/11/2007 15:33 FAX I4J 003 r---;> ~2 ~ \.'~ ~I~jrl ~';,$ ~:~, 0 '.' ,-~:::~ :PO' .:.~~ ~ t FAY MARSELLA, Widow, residing at 2224 South Bancroft":~;~et ~the ;.:~ t~ "-") -'-I 1._"-; Sr~ . ." City and Cou.nty of Philadelphia, Commonwealth of Pennsylvacla, do he~by LAST WILL AND TESTAMENT OF FAY MARSELLA make my Last Will and Testament and revoke all Wills by me at anytime I ; heretofore made. FIRST: I direct the payment of all my just debts and funeral expenses as soon after my demise as conveniently may be. SECOND: I hereby give, devise and bequeath to my beloved daughter, STEPHANIE MARSELLA, my home located at 2224 South Bancroft Street in the City and County of Philadelphi.a, Commonwealth of Pennsylvania, free and clear of any and all liens, mortgages and! or encumbrances of record at the time of my death, which liens, mortgages and! o.r encumbrances shall be paid as debts pf my estate. THIRD: All the rest, residue and remainder of my estate, real, personal and nlixed, of whatsoever l1atu.re and kind and wheresoever the same ~~~A/~ Y FAY MARSELLA 01/11/2097 15:33 FAX @004 .' may be situate at the tim.e of n1Y demise, I give, devise and bequeath in equal ONE-THIRD shares unto my children, viz: BERNADETTE SCHAUFERTi ROBERT MARSELLA and STEPHANIE MARSELLA. Should any' of my aforesaid children predecease me, I direct that such child's portion accrue equally to his or her heirs, if any. Should any of my aforesaid children predecease me without leaving issue, I direct that such child's portion of my estate shall accrue equally to my surviving children, or their issue, as the case may be. FOURTH: I direct that my Executor, Executrix or Trustee, in addition to and not in limitation of any au.thority given to him or her by law, shall have the power for any purpose of administration or distribution, and at any time to sell any or all of my real estate for such price or prices and upon such terms and conditions as he or she may deem best FIFTH: In. the event that a.ny legatee under thi.s my Last Will and Testament should be a minor at the tLme of my decease, then I give, devise and bequeath unto my Trustee, hereinafter named, IN TRUST, the share that the said minor or nlinors would have taken, to hold, invest and reinvest the same, to collect the income, and after paying all expenses incident to the management of ~ ~AA4- . FAY MARSELLA I, I 01/11/2007 15:33 FAX l4J 005 the said Trust( to apply such parts of the net income and principal, in the sole discretion of my said Trustee, as may be necessary for the maintenance( support( education, medical and! or surgical care of the said minor or minors, and as each arrives at the age of twenty-one (21) years, to pay to him or her, his or her share of the principal and any accumulation of interest, less. the amount or amounts which may have been expended for his or her respective benefit SIXTH: I direct that all legacies and all shares and interests in my estate( whether principal or interest while in the hands of my Executor, Executrix and! or Trustee( shall not be subject to attachment, execution or sequestrati.on~ for any debt, contract, obligation or liability of any legatee or beneficiary, and shall not be subject to pledge, assignment conveyance or anticipation, and the personal receipt by such legatee or beneficiary shall be the sufficient and only discharge of my Executor( Executrix and! or Trustee. LASTL Y: I nominate, constitute and appoint my son, ROBERT MARSELLA, pxecutor of this my Last Will and Testament, and Trustee of any estate created hereunder; and direct that he shall not be required to enter security in any jurisdictiOl1. in which he lllay have to act. %1-71f~- FAY MARSELLA 01/1.1/2007 15: 33 FAX 141006 In the event my son, for any reason, should be unable to act as either Executor or Trustee, then I nominate, constitute and appoint BERNADETTE seRA UFERT and STEPHANIE MARSELLA, or the survivor of them, co- executrices and/ or co-trustees. IN WITNESS WHEREOF, I have set my hand and seal to this, my Last Will and Testament, which consists of four (4) pages, to each of which I have affixed my signature, this 2H I! day of ~ ' Two Thousand and Two (2002). ~.~ (?J FAY MARSELLA 01/11/2007 15:33 FAX @007 COMMONWEALTH OF PENNSYLVANIA 55: COUNTY OF PHILADELPHIA I, FAY MARSELLA, Testairix, whose name is signed to the foregoing instrument. having been duly qu.alified according to law, do hereby acknowledge that I signed an.d executed the instrument as my Last Will and Testament, that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. .{;Y~~.,.Lt __ A Y MARSELLA SWORN TO AND SUBS~ED BEFO~THIS t...1f '" DAY OF/lA V. () I ,2002. 1J'~~tI~ Notary Public 01/11/2007 15:33 FAX f4J 008 COMMONYVEALTH OF PENNSYLVANIA 58: COUNTY OF PHILADELPHIA SIGNED, SEALED, PUBLISHED and DECLARED to be her Last Will and Testament by the within named Testatrix, in the presence of us, who in her presence, at . her request, and in the presence of each other, all being present at the same timet have hereunto subscribed our names as witnesses. Srr;.v~ [>'C,{(SraAJ NAME SUnG (DID. {~(1~ JFI< f/f..\Jc>"Lf!1LLA.19tO] ( I ADDRESS 6'1 ~~~Kr J. S'VUTff NAME SUIre /0(0, {be1 v'f15J~().J~(,-^.17(o3 ADD~S I 01/11/2007 15:33 FAX 14I 009 COMMONWEALTH OF PENNSYLVANIA 58: COUNTY OF PHILADELPHIA WE, SYt.V'rJ D ll'...KsrE.{~ and ql~~RT X SCUrrJ , the . witnesses whose names are signed to the foregoing instrument, being duly qualified according to law1 do depose and say that we were present and saw Testatrix, FAY MARSELLA, sign and execute the instrument as her Last Will, that she signed it willingly and 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 to the best of our knowledge, the Testa'l:rix was at that time 18 or more years of age, of sound mind and memory and under no constraint or undue influ.ence. ~VSlUM-- ~A. WITNESS . .::: SWORN TO AND SUBSCRIBED BEF~ ~M.E tHIS ~f.(1) DAY OF ~ ,2002. ~bt~~ Notary Pu.blic NOTARIAL SeAL MARSHA DICKSTEIN. Notary Public City of Philadelphia, Phila. County My Commission Expires May 27,2006