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Home My WebLink About08-08-07 (2) --I 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 INHERITANCE TAX RETURN RESIDENT DECEDENT File Number 21 06 0930 Date of Birth 579-12-5126 03/27/2005 07/06/1916 Decedent's Last Name Suffix Decedent's First Name Trace Margaret (If Applicable) Enter Surviving Spouse's Information Below Last Name Suffix Spouse's First Name . Robert Trace Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW c::::> 1. Original Retum <8J 2. Supplemental Return c::::> 3. Remainder Retum (date of death prior to 12-13-82) 5. Federal Estate Tax Retum Required c::::> 4. Limited Estate c::::> c::::> 4a. Future Interest Compromise (date of death after 12-12-82) c::::> 7. Decedent Maintained a Living Trust (Attach Copy of Trust) c::::> 10. Spousal Poverty Credit (date of death c::::> 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 James A. Ulsh, Esquire (717) 232-5000 P ~ ..~==o c:::::. 1'-REGiSTEROFWI?~.:b." '" ti5'ONLVgj ~,;; r;; ~ ,=;-)<0 I '[:>, CO '80 c-- " ""!:) :'0 .:::t' ~JI! --I __ ct> c::::> 6. Decedent Died Testate (Attach Copy of Will) 9. Litigation Proceeds Received 8. Total Number of Safe Deposit Boxes Firm Name (If Applicable) METTE, EVANS & WOODSIDE First line of address 3401 North Front Street Second line of address PO Box 5950 or Post Office c..n .::- State ZIP Code DATE FILED Harrisburg PA 17110-0950 Correspondent's e-mail address: Under penalties of perjury, I declare that I have examined this retum, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correcl and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge, NATURE OF PERSON RESPONS.l!! FOR FILING RETUR DATE 'I- 7,\ . ;L 07 ADDRESS ./ 1962 Cliestnut Street, Camp Hill, PA 17011 SIGNATURE OF RER OTHER THAN REPRESENTATIVE -=--- "'----'I ~ Front Str et, PO Box 5950, Harrisburg, PA 17110-0950 PLEASE USE ORIGINAL FORM ONLY L 15056051058 Side 1 15056051058 -.J MI B MI J I ~ .~. --.J 15056052059 REV-1500 EX Decedent's Name: Margaret B Trace Decedent's Social Security Number I 1579-12-5126 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. 600,575.21 6. Jointly Owned Property (Schedule F) c::> Separate Billing Requested . . . . . . . 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) c::> Separate Billing Requested.. . . . . . . 8. Total Gross Assets (total Lines 1-7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 45 17. Amount of Line 14 taxable at sibling rate X .12 18. Amount of Line 14 taxable at collateral rate X .15 15. 16. 26,615.21 17. 18. 19. TAX DUE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. 26,615.21 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT c::> L 15056052059 Side 2 15056052059 -.J REV-1500 EX Page 3 Decedent's Complete Address: DECEDENT'S NAME Margaret B Trace STREET ADDRESS 331 North 28th Street fUL~~._~~_"~"""1 I J DECEDENT'S SOCIAL SECURITY NUMBER 579-12-5126 CITY Camp Hill STATE PA ZIP 17011 Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) 2. CreditsJPayments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) 26,615.21 Total Credits (A + B + C ) (2) 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. Fill in oval on Page 2, 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. B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5) (5A) (5B) 26,615.21 3,162.09 29,777 .30 A. Enter the interest on the tax due. 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 [i] b. retain the right to designate who shall use the property transferred or its income; ............................................ 0 [i] c. retain a reversionary interest; or.......................................................................................................................... 0 [iJ 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 [i] 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .............. 0 [i] 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 statute does not exemot 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 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-1503 EX+ (6-98* COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF Margaret B. Trace FILE NUMBER 21-06-0930 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1. 2. DESCRIPTION DirecTV Group, Inc. - 74 shares of common stock News Corporation, Class A -16 shares of common stock Agere Systems, Inc., Class A - 7 shares of common stock VALUE AT DATE OF DEATH 1,066.90 276.60 3. 10.45 TOTAL (Also enter on line 2, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 1,353.95 REV-1508 EX+ (6-98) . COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF Margaret B. Trace FILE NUMBER 21-06-0930 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. Receipt of proceeds of claim filed by the Decedent's estate against the Estate of Robert J. Trace 600,575.21 (File No. 21-06-0418) as outlined on Schedule G, Item NO.1 of the original Inheritance Tax Return filed in this estate proceeding. This claim was adjudicated and approved by the PA Department of Revenue and the Internal Revenue Service on the death tax returns filed by the Estate of Robert J. Trace. TOTAL (Also enter on line 5, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 600,575.21 REV-1511 EX+ (12-99). COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF Margaret B. Trace FILE NUMBER 21-06-0930 Debts of decedent must be reported on Schedule I. ITEM NUMBER A. FUNERAL EXPENSES: 1. DESCRIPTION AMOUNT B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s)/EIN Number of Personal Represenlative(s) Street Address City Slate Zip Year(s) Commission Paid: 2. Attomey Fees 10,000.00 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 480.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. TOTAL (Also enter on line 9, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 10,480.00 REV-1513 EX+ (9-00) .. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF Margaret B. Trace FILE NUMBER 21-06-0930 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 [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] 1. Margaret Trace Foster Daughter 197,149.72 2. Susan T. Newton Daughter 197,149.72 3. Robert J. Trace, Jr. Son 197,149.72 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 I B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ 591,449.16 (If more space is needed, insert additional sheets of the same size) METTE. EVANS & WOODSIDE A PROFESSIONAL CORPORATION ATTORNEYS AT LAW 3401 NORTH FRONT STREET P.O. BOX 5950 HABRISBURG, PA 1'7110-0950 DIRECT DIAL (717) 231-5256 JAMES A. ULSH IRS NO. 23-198~OO~ E-MAIL ADDRESS jaulsh@mette.com TELEPHONE (717) 232.~OOO FAX (717) 236-1816 HTTP://WWw.METTE.COM August 7, 2007 VIA CERTIFIED MAIL RETURN RECEIPT REQUESTED Glenda Farner-Strasbaugh Register of Wills Cumberland County Courthouse One Courthouse Square Carlisle, P A 17013 Re: Estate of Margaret B. Trace File No. 21-06-0930 () So ]~ , c') () -)C'::'~'I "> => c:::> --' ;;0.. c..: (,"J I OJ Dear Ms. Strasbaugh: -n Enclosed are the following documents: ":D --I N 0' 1. Original and one (1) copy of a Supplemental Inventory; 2. Original and one (1) copy of a Supplemental Inheritance Tax Return, plus a copy of the cover page of the tax return; 3. A check payable to "Register of Wills, Agent" in the amount of $29,777.30 in payment of the Inheritance Tax owed; 4. fees; and A check payable to your office in the amount of$30.00 in payment of your filing 5. A self-addressed, postage prepaid envelope for return mail. Please file the original Supplemental Inventory and Supplemental Inheritance Tax Return. Please forward a copy of the Supplemental Inheritance Tax Return to the Pennsylvania Department of Revenue. Please return a date-stamped copy of the Supplemental Inventory and the cover page of the tax return, along with your receipt for the Inheritance Tax payment, to my attention in the enclosed envelope. Wyomissing Office 11105 Berkshire Boulevard, Suite 320 1 Wyomissing, PA 19610 I Telephone (610) 374-11351 Facsimile (610) 371-9510 August 7, 2007 Page 2 Please do not hesitate to call with any questions. Thank you for your assistance. LJK: Enclosures cc: Margaret Trace Foster (w/o encs.) 476378vl Very truly yours, ~e Y-N\OJv Paralegal to James A. Ulsh gDED OFFi ,. STER OF V 'Inn] !; u' 8 l..l.U 11U!J - PM ;: (" / LERK OF tW's GOU 11 /\Ir,rn 0('1 -,-. 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