The URL can be used to link to this page

Home My WebLink About02-08-07 PECHT & ASSOCIATES, PC Suite 200 1205 Manor Drive Mechanicsburg, PA 17055-4894 Wayne M. Pecht Member of California Bar CPA/LLM in Taxation Telephone: 717-766-9431 Fax: 717-766-3361 e-mail: cbaker@pechtlaw.com Rob Bleecher Herbert P. Henderson, II Edward P. Seeber February 7, 2007 Glenda Farner Strasbaugh, Register of Wills Cumberland County Courthouse 1 Courthouse Square Carlisle, P A 17013 Re: Dwight R. Peterson Living Trust Dear Ms. Farner Strasbaugh: Enclosed are an original and two (2) copies of the Pennsylvania Inheritance Tax Return to be filed in the above- referenced Trust, along with a check for Fifteen Dollars ($15.00) representing the filing fee. Please note, that a prepayment of Pennsylvania Inheritance Tax was made; therefore, the Trust does have a file number. Please time-stamp the extra copies and return them to me in the enclosed self-addressed, stamped envelope. If you have any questions, please feel free to contact me. Very truly yours, ~~ he L. Baker, CP eTtilied Paralegal ....0 c.::'::~~ = -.J ~ r11 co I co Enclosures cc: Christine Peterson, Trustee -0 l'V W 0"1 ~ 15[]5b[]41147 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 INHERITANCE TAX RETURN RESIDENT DECEDENT 2 1 0 6 File Number 111-8 Date of Birth 188366716 09282006 10161945 Decedent's Last Name Suffix Decedent's First Name PETERSON DWIGHT MI R (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI PETERSON CHRISTINE Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW [!] 1. Original Retum D 2. Supplemental Retum D 3. Remainder Return (date of death prior to 12-13-82) D 4. Limited Estate D 4a. Future Interest Compromise 0 5. Federal Estate Tax Retum Required (date of death after 12-12-82) [K] 6. Decedent Died Testate 00 7. Decedent Maintained a Living Tnust 0 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Tnust) D 9. Litigation Proceeds Received D 10 Spousal Poverty Credit ~ date of death 00 11. Election to tax under Sec. 9113(A) . between 12-31-91 and -1-95) (Attach Sch. 0) ~ORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: ame Daytime Telephone Number EDWARD P. SEEBER 7177669431 Firm Name (If Applicable) PECHT & ASSOCIATES, PC City or Post Office MECHANICSBURG State PA ZIP Code 17055 :.:':j D~JE FILED d'<- 1205 MANOR DRIVE, STE 200 REGISTE$FC"Y'._. LLS Us!3:>NLY--: 8~'-D --r: ~,.=:.2,-.., rr, ~, i_ i_-!. \...0 8'':;:~n I . f ~~ c::> . -0 First line of address Second line of address Correspondent's a-mail address: t see be r @ pee h t 1 a w . com Under penalties of pllrjury, 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, co and complete. Decla n of preparer other than the personal representative is based on all information of which preparer has any knowledge. SI TU F PERSON RESPONSIB R FILING RETURN DATE - C(.. Christine Peterson DATE Edward P. Seeber 1205 Manor Drive, Ste 200, Mechanicsburg, PA 17055 Side 1 L 15[]5b041147 1505b[]41147 -.J0Q .....J 15056042148 REV-1500 EX Decedent's Name: DWIGHT R. PETERSON 188366716 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) D Separate Billing Requested............ 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) D Separate Billing Requested............. 7. 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 Governmental 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. TAX COMPUTATION - SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, of transfers under Sec. 9116 (a)(1.2) X ~ 16. Amount of Line 14 taxable at lineal rate X .045 17. Amount of Line -i'4'1aXable at sibling rate X .12 18. Amount of Line 14 taxable at collateral rate X .15 669,083.20 15. 11,702.50 16. 0.00 17. 0.00 18. 19. Tax Due..............................n............................................................................... 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. L Side 2 15056042148 Decedent's Social Security Number 19,025.00 684,371.79 703,396.79 17,561.60 5,049.49 22,611.09 680,785.70 680,785.70 0.00 526.61 0.00 0.00 526.61 D 15056042148 .....J REV-1500 EX Page 3 Decedent's Complete Address: File Number 21-06- DECEDENT'S NAME Dwight R. Peterson STREET ADDRESS 815 Wellington Drive CITY I STATE IZIP Carlisle PA 17013 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1 ) 526.61 500.28 26.33 3. Interest/Penalty if applicable D. Interest E. Penalty Total Credits (A + B + C) (2) 526.61 Total Interest/Penalty (0 + E) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is thIOVERPAYMENT. 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 theTAX DUE. A. Enter the interest on the tax due. B. Enter the total of Line 5 + 5A. This is theBALANCE DUE. (3) (4) (5) 0.00 (5A) (5B) 0.00 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "Xli 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; OL......................................................................................................... [!] 0 d. receive the promise for life of either payments, benefits or care?........................................................... [!] 0 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) (ii)]. The statutedoes 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 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-1508 EX+ (6-98) . SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Peterson, Dwight R. FILE NUMBER 21-06- Include the proceeds of litigation and the date the proceeds were received by the estete. All property jolntly-owned with the right of survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION 1 2005 Honda Pilot EX - valued per Kelley Blue Book VALUE AT DATE OF DEATH 19.025.00 TOTAL (Also enter on Line 5, Recapitulation) 19.025.00 (If more space is needed. additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) Rev-1510 EX+ (6-9B) *' SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COMMON'w\EALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Peterson, Dwight R. FILE NUMBER 21-06- This schedule must be completed and filed ~the answer to any of questions 1 through 4 on the reverse side of the REV-l500 COVER SHEET is yes. ITEM IIVI~ OF DATE OF DEATH % OF DECO'S EXCLUSION TAXABLE NUMBER INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. 1 PPG Deferred Compensation Plan - beneficiary is 45.304.00 100.000 0.00 45.304.00 spouse; valued per account balance as of 9/21/06 2 PPG Employee Savings Plan - beneficiary is 260.604.23 100.000 0.00 260.604.23 spouse; valued per letter dated 10/2/06 3 Senior Financial IRA No. 4NQ-089498 - 140.289.65 100.000 0.00 140.289.65 beneficiary is spouse; valued per letter dated 12/12/06 4 Senior Financial IRA No. 4NQ-089852 - 36.639.85 100.000 0.00 36.639.85 beneficiary is spouse; valued per letter dated 12/12/06 5 Members 1st Federal Credit Union Checking 690.88 100.000 0.00 690.88 Account No. 237499-11 - titled in the Dwight R. Peterson Living Trust dated 7/30/2004; valued per letter dated 12/28/06 6 Members 1st Federal Credit Union Checking 0.44 100.000 0.00 0.44 Account No. 237499-11, accrued interest - titled in the Dwight R. Peterson Living Trust dated 7/30/2004; valued per letter dated 12/28/06 7 Members 1st Federal Credit Union Checking 9.818.43 100.000 0.00 9.818.43 Account No. 237499-00 - titled in the Dwight R. Peterson Living Trust dated 7/30/2004; valued per letter dated 12/28/06 Total of Continuation Schedule(s) ,ee attached page TOTAL (Also enter on line 7, Recapitulation) 684.371.79 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule G (Rev. 6-98) Rev-1510 EX+ (6-98) . SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY continued COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Peterson, Dwight R. FILE NUMBER 21-06- ITEM DESCRIPTION OF PROPERTY DATE OF DEATH % OF DECO'S TAXABLE EXCLUSION NUMBER INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. 8 Members 1st Federal Credit Union Checking 7.18 100.000 0.00 7.18 Account No. 237499-00, accrued interest - titled in the Dwight R. Peterson Living Trust dated 7/30/2004; valued per letter dated 12/28/06 9 One-half interest in real estate located at 815 128.797.20 100.000 0.00 128.797.20 Wellington Drive, Carlisle Borough, Cumberland County, PA - titled in the Dwight R. Peterson Living Trust dated 7/30/2004; valued per tax assesment * common level ratio /2 (225,960 * 1.14 = 257,594.40/2) 10 One-half interest in real estate located & 11.702.50 100.000 0.00 11.702.50 identified as SR #3004, Greenwood Township, Crawford County, PA - titled in the Dwight R. Peterson Living Trust dated 7/30/2004; valued per tax assesment * common level ratio /2 (7,750 * 3.02 = 23,405/2) 11 Senior Financial Brokerage Account No. 50.517.43 100.000 0.00 50.517.43 4NQ-095221 - titled in the Dwight R. Peterson Living Trust dated 7/30/2004; valued per letter dated 12/12/06 TOTAL (Also enter on Line 7, Recapitulation) 684.371.79 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule G (Rev. 6-98) REV-1151 EX+ (12-99) . SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS COMMONWEAlTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Peterson, Dwight R. Debts of decedent must be reported on Schedule I. FILE NUMBER 21-06- ITEM NUMBER A. FUNERAL EXPENSES: DESCRIPTION AMOUNT See continuation schedule(s) attached 6,468.10 B. 1. ADMINISTRATIVE COSTS: Personal Representative's Commissions Social Security Number(s) I EIN Number of Personal Representative(s): Street Address City Year(s) Commission paid State _ Zip 2. Attorney's Fees Pecht & Associates, PC 7,500.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Christine Peterson Street Address 815 Wellington Drive City Carlisle 3,500.00 Relationship of Claimant to Decedent State Spouse PA Zip 17013 4. Probate Fees 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs See continuation schedule(s) attached 93.50 TOTAL (Also enter on line 9, Recapitulation) 17,561.60 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) Rev-1502 EX+ (6-98) . SCHEDULE H-A FUNERAL EXPENSES continued COMM~L TH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Peterson, Dwight R. FILE NUMBER 21-06- ITEM NUMBER DESCRIPTION AMOUNT 1 Ewing Brothers Funeral Home, Inc. - funeral services 6.226.38 2 Minister Keith Searfoss - honorarium 150.00 3 Miscellaneous expenses - thank you notes & postage 91.72 Subtotal 6.468.10 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H-A (Rev. 6-98) Rev-1502 EX+ (6-98) . SCHEDULE H-87 OTHER ADMINISTRA TIVE COSTS continued COMMONIM:ALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Peterson, Dwight R. FILE NUMBER 21-06- ITEM NUMBER 1 DESCRIPTION Recorder of Deeds, Crawford County - filing fee for deed AMOUNT 40.00 2 Recorder of Deeds, Cumberland County - filing fee for deed 38.50 3 Register of Wills, Cumberland County - filing fee for Return 15.00 Subtotal 93.50 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H-B7 (Rev. 6-98) Rey-1512 EX+ (6-98) . SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEAlTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Peterson, Dwight R. FILE NUMBER 21-06- Include unrelmbursed medical expenses. ITEM NUMBER DESCRIPTION 1 Members 1st Federal Credit Union Loan No. 233682-01 - held jointly w/spouse; 1/2 of the value per letter dated 12/28/06 VALUE AT DATE OF DEATH 2.065.63 2 Members 1st Federal Credit Union Loan No. 233682-02 - held jointly w/spouse; 1/2 of the value per letter dated 12/28/06 2.983.86 TOTAL (Also enter on Line 10, Recapitulation) 5,049.49 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule I (Rev. 6-98) REV.1513 EX+ (9-00) . SCHEDULE .. BENEFICIARIES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF 1 Peterson, Dwight R. NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal aistributions..( and transfers under Sec. lj116(a)(1.2)] Dwight R. Peterson Family Trust 815 Wellington Drive Carlisle, PA 17013 RELATIONSHIP TO DECEDENT Do Not List Trustee(s) FILE NUMBER 21-06- SHARE OF ESTATE AMOUNT OF ESTATE (Words) ($$$) NUMBER I. Trust Life Insurance - See Schedule o 2 Christine Peterson 815 Wellington Drive Carlisle, PA 17013 Spouse IRA, employee savings plan, deferred compensation 1/2 of Crawford County, PA real estate 669,083.20 3 Jeffrey R. Peterson 344 Village Drive Mars, PA 16046 Son 5,851.25 4 Zachary T. Peterson 1467 East Crossings Place Westlake, OH 44145 Son 1/2 of Crawford County, PA real estate 5,851.25 Total 680,785.70 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 Copyright (c) 2002 form software only The Lackner Group, Inc. TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET 0.00 Form PA.1500 Schedule J (Rev. 6-98) Rev-1151 EX (1-97) (I) . SCHEDULE 0 ELECTION UNDER SEC. 9113(A) SPOUSAL DISTRIBUTIONS COMMON'I\IEAL TH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Peterson, Dwight R. 21-06- Do not complete this schedule unless the estate is making the election to tax assets under Section 9113(A) of the Inheritance & Estate Tax Act. If the election applies to more than one trust or similar arrangement, a separate form must be filed for each trust. This election applies to the Dwight R. Peterson Family Trust Trust (marital, residual A, B, By-pass, Unified Credit, etc.). If a trust or similar arrangement meets the requirements of Section 9113(A), and: a. The trust or similar arrangement is listed on Schedule O. and b. The value of the trust or similar arrangement is entered in whole or in part as an asset on Schedule 0, then the transferor's personal representative may specifically identify the trust (all or a fractional portion or percentage) to be included in the election to have such trust or similar property treated as a taxable transfer in this estate. If less than the entire value of the trust or similar property is included as a taxable transfer on Schedule 0, the personal representative shall be considered to have made the election only as to a fraction of the trust or similar arrangement. The numerator of this fraction is equal to the amount of the trust or similar arrangement included as a taxable asset on Schedule O. The denominator is equal to the total value of the trust or similar arrangement. Part A: Enter the description and value of all interests, both taxable and non-taxable, regardless of location, which pass to the decedent's surviving spouse under a Section 9113 (A) trust or similar arrangement. DESCRIPTION VALUE See continuation schedule(s) attached Part A Total 377 ,388.91 Part B: Enter the description and value of all interests included in Part A for which the Section 9113 (A) election to tax is t eing made. DESCRIPTION VALUE See continuation schedule(s) attached Part 8 Total -22,611.09 (If more space is needed, insert additional sheets of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule 0 (Rev. 6-98) Rev.1502 EX+ (6-981 . SCHEDULE 0 ELECTION UNDER SEC. 9113(A) (SPOUSAL DISTRIBUTIONS) Part A. All Property continued COMMONVEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIOENT DECEOENT ESTATE OF Peterson, Dwight R. FILE NUMBER 21-06- ITEM NUMBER DESCRIPTION AMOUNT 1 Less Schedule H & I -22,611.09 2 Protective Life Insurance Company 400,000.00 Subtotal 377,388.91 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule O-A (Rev. 6-98) Rev-1502 EX+ (6-98) . SCHEDULE 0 ELECTION UNDER SEC. 9113(A) (SPOUSAL DISTRIBUTIONS) Part B. Election Is Made continued COMMO~LTH OF PENNSYLVANIA INHERITANCE TAX REllJRN RESIDENT DECEDENT ESTATE OF Peterson, Dwight R. FILE NUMBER 21-06- ITEM NUMBER DESCRIPTION AMOUNT 1 Less exempt Protective Life Insurance -400.000.00 2 Less Schedule H & I -22.611.09 3 Protective Life Insurance Company 400.000.00 Subtotal -22.611.09 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule O-B (Rev. 6-98) c. o ! I! I.D C'? N .'"""- 0- l.l_ C~) co I ,:'0 W ......< (./~ '.-.,- ~ - - ~~\~ (L- a <1) '" ;::l o ~ &; o r'"l U<1)~ C;;r'"l = - '" ;::l &0 ""O~r- ....u .... ~"d~< ....=gp., Otll.,q . ~1it::~ ti.l::! ;::l.~ "50 S 8 ] ~8....u L.:..... r-- = c:;::J <;'-.J :::::-- ::::- --. ........ - - - --. - - - - -= - - - - - - -::-- ~ "- - -::: - - -::::: :::: - - - - - - - - - - - -