HomeMy WebLinkAbout08-13-07 (2)
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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 Number Date of Death
INHERITANCE TAX RETURN
RESIDENT DECEDENT
File Number
0443
Date of Birth
04/24/2007
10/07/1938
Decedent's Last Name
Decedent's First Name
MI
Grove
emy
R
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix
Grove
First Name
MI
Evelyn
K
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
t::8:l 1. Original Return
c:::>
2. Supplemental Return
c:::>
3. Remainder Return (date of death
prior to 12-13-82)
5. Federal Estate Tax Return Required
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
6. Decedent Died Testate
(Attach Copy of Will)
9. Litigation Proceeds Received
8. Total Number of Safe Deposit Boxes
c:::t
4. Limited Estate
c:::t
<:a>
Michael A. Scherer, Esq
(717) 249-6873
Firm Name
O'Brien Baric & Scherer
First line of address
ZIP Code
(..-)
, .
/
19 West South Street
Second line of address
-..,
r-~
'I
or Post Office
State
o1.TE FILED
c......)
"".....
17013
Correspondent's e-mail address:mscherer@obslaw.com
Under penalties of perjury, I declare that I have examined this retum, Including accompenying schedules and statements, and to the best of my knowledge and belief,
R Is true, correct and complete. Declaration of preperer other than the personal representative Is based on alllnfonnatlon of which preparer has any knowledge.
E OF ILlNG RETURN :r
CJ
ADORE
551 Mountain oad, Boiling Springs, Pennsylvania 17007
SIGNAT~~J~P.REPAREi OTHER THAN REPRESENTATIVE
:(vqt1 f. ~
ADDRESS
19 West South Street, Carlisle, Pennsylvania 17013
PLEASE USE ORIGINAL FORM ONLY
DATE
g./o'~ .,
Side 1
L
15056051058
15056051058
-.J
~
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15056052059
REV-1500 EX
Decedent's Social
Number
Decedent's Name:
Henry
R Grove
162-32-4669
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. 86,544.92
6. Jointly Owned Property (Schedule F) c::> Separate Billing Requested . . . . . . . 6.
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) c::> Separate Billing Requested.. . . . . . . 7.
8. Total Gross Assets (total Lines 1-7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. 86,544.92
9. Funeral Expenses & Administrative Costs (Schedule H). . . . . . . . . . . . . . . . . . . . . 9. 2,045.85
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I). . . . . . . . . . . . . . . . 10. .
11. Total Deductions (total Lines 9 & 10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. .
2,045.85
12. Net Value of Estate (Line 8 minus Line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. 84,499.07
13. Charitable and Governmental Bequests/See 9113 Trusts for which
an election to tax has not been made (Schedule J) . . . . . . . . . . . . . . . . . . . . . . . . 13.
14. Net Value Subjectto Tax (Line 12 minus Line 13) .. . . . . . . . . . . . . . . . . . . . . . . 14. 84,499.07
TAX COMPUTATION - SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, or
transfers under Sec. 9116
(a)(1.2) X.O 00 84,499.07
16. Amount of Line 14 taxable
at lineal rate X.O_
17. Amount of Line 14 taxable
at sibling rate X .12
18. Amount of Line 14 taxable
at collateral rate X .15
15.
0.00
16.
17.
18.
19. TAX DUE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.
0.00
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
15056052059
Side 2
15056052059
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L
REV-1500 EX Page 3
Decedent's Complete Address:
DECEDENTS NAME
Henry R Grove
STREET ADDRESS
551 Mountain Road
El!!..~J,lJll!!!lL
10443
DECEDENTS SOCIAL SECURITY NUMBER
162-32-4669
CITY
Boiling Springs
STATE
PA
ZIP
17007
Tax Payments and Credits:
1. Tax Due (Page 2 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1)
0.00
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)
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
(5)
(5A)
(5B)
0.00
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
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;.......................................................................................... D ~
b. retain the right to designate who shall use the property transferred or its income; ............................................ D ~
c. retain a reversionary interest; or.......................................................................................................................... D [i]
d. receive the promise for life of either payments, benefits or care? ...................................................................... D [i]
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? .............................................................................................................. D [i]
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .............. D [i]
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.
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. ~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 zero (0) percent
[72 P.S. ~9116 (a) (1.1) (ii)]. 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 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. ~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 four and one-half (4.5) percent, except as noted in
72 P.S. ~9116(1.2) [72 P.S. ~9116(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. ~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.
REV-1508 EX+ (6-98) '*
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
ESTATE OF
H. Russell Grove, II a/k1a Henry Russell Grove, II
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
1.iScottrade Acct. # 36157455
2. American Funds Acct. # 64731072
3. American Funds Acct. # 64731074
DESCRIPTION
TOTAL (Also enter on line 5, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
FILE NUMBER
21-07-0443
VALUE AT DATE
OF DEATH
82,690.52
1,927.20
1,927.20
86,544.92
REV-1511 EX+ (12-99)
'*
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF
H. Russell Grove, II a1k1a Henry Russell Grove, II
Debts of decedent must be reported on Schedule I.
FILE NUMBER
21-07-0443
ITEM
NUMBER
A. FUNERAl.. EXPENSES:
1.
DESCRIPTION
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative(s)
Social Security Number(s)/EIN Number of Personal Representative(s)
Street Address
City
Year(s) Commission Paid:
2.
Attorney Fees
3. Family Exemption: (If decedenfs 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
6. Tax Return Preparer's Fees
7. The Sentinel (legal advertising)
8. Cumberland Law Journal
TOTAL (Also enter on line 9, Recapitulation)
(If more space is needed, insert additional sheets of the same size)
AMOUNT
1,500.00
283.00
187.85
75.00
2,045.85
u
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Q
LAST WILL AND TESTAMENT
OF
HENRY RUSSELL GROVE. II
I. HENRY RUSSELL GROVE, II of Hanover County. Virginia, do
hereby make, publish and declare this to be my Last Will and
Testament. hereby revoking all former Wills and Codicils
heretofore made by me.
ARTICLE I.
Payment of Debts and Other Charges
All estate. inheritance. and other death taxes (including
interest and penalties. if any, but excluding any generation-
skipping tax), together with the expenses of my last illness and
all administration expenses including any appropriate marker for
my grave, payable in any jurisdiction by reason of my death
(including those taxes and expenses payable with respect to
assets which do not pass under this Will) shall be paid out of
and charged generally against the principal of my estate. I
waive any right of reimbursement for the recovery of those death
taxes and administration. expenses, except reimbursement for or
recovery of any federal or state estate tax attributable to
property in which I have a qualifying income interest for life
over which I have a power of appointment.
ARTICLE II.
Distribution of My Estate
I give my entire estate, both real and personal, tangible
and intangible, wheresoever located and howsoever held. to my
Page 1 of 5
#f~
wife. EVELYN KIRACOFE GROVE, if she survives me. If my wife does
not survive me. I give my entire estate, in equal shares, to my
children, HENRY RUSSELL GROVE, III. SUSAN DIANE GROVE DAVIS, JAMES
EDWARD GROVE, and DAVID MILTON GROVE, ~ stirpes.
I suggest that my Executor consider any memorandum I may
leave regarding distribution and sale of items of personal
property. All expenses incurred in delivering my personal
property and all expenses of storing and insuring such property
pending distribution shall be paid as a cost of administering my
estate.
ARTICLE III.
Provisions for Interests Vestin2 t.o.
Beneficiaries Under Age 2~
Notwithstanding the foregoing provisions, whenever any
interest in my estate vests absolutely in a beneficiary under age
21. I direct the adult person(s) standing in loco parentis to that
beneficiary, shall retain the interest upon a separate trust and
pay to the beneficiary as much of the net income or principal as
the aforesaid trustee may deem appropriate to provide for the
beneficiary's support, other needs or education until the
beneficiary reaches age 21, when the interest shall go outright to
the beneficiary. If the beneficiary dies before reaching that
age, the interest shall constitute a part of the beneficiary's
estate. These are powers only and do not prevent absolute vesting
of the interest in the beneficiary; provided, however. my Executor
Page 2 of 5 11 ~ (;..
shall have all the powers referred to in Paragraph B, Article IV
of this wiil with regard to such interest.
ARTICLE IV.
Executors
A. I name my wife, EVELYN KIRACOFE GROVE of Hanover County,
Virginia, to be my Executrix. In the event she predeceases me or
fails to qualify, I name DAVID MILTON GROVE of Henrico County.
Virginia, and JAMES EDWARD GROVE of Cumberland County.
Pennsylvania. to be my Co-Executors.
B. In addition to the powers granted by law. I grant my
Executor the powers set forth in Section 64.1-57 of the Code of
Virginia, 1950. as amended. and I incorporate that .Code Section In
my Will by this reference. Any successor Executor shall have all
the powers, immunities and discretion which I have granted to my
named Executor.
C. My Executor may distribute tangible personal property
passIng to a minor to any adult person standing in loco parentis
to such minor as trustee for such minor as enumerated in Article
III and that person's receipt shall be a sufficient voucher in the
accounts of my Executor. I authorize my Executor either to
request or not to request the Court or Clerk to appoint appraisers
for my estate as my Executor, in its sole discretion, shall deem
to be in the best interests of my estate.
D. I request that no surety or security be required of my
Executor on his bond.
Page 3 of 5 tf-f C-
E. My Executor shall be entitled to take and receive a fee
of 5% of my gross estate subject to probate for the services which
it renders from time to time in the discharge of its duties as
Executor.
ARTICLE V.
Miscellaneous Provisions
A. Spendthrift Trust. To the extent permitted by law,
neither the principal nor income of any trust shall be liable for
the debts of any beneficiary or. except to the extent otherwise
specifically provided, to alienation or anticipation by a
beneficiary.
B. Matters of Interpretation. For simplicity, I have
expressed pronouns and other terms in one number and gender. but
where appropriate to the context these terms shall be deemed to
include the other numbers and genders. The underlined headings
are for convenience only and shall not affect interpretation.
C. Severability Clause. In the event any provision(s) of
this Will is declared invalid by a court of competent
jurisdiction, the remaining clauses shall remain in full force and
effect.
D. Savings Clause for Rule Against Perpetuities. If it
shall be determined that any provision of any trust created by the
ill violates any rule against perpetuities or remoteness of
vesting now or hereafter in effect in the Commonwealth of
Virginia, that portion of the trust herein created shall be
dministered as herein provided until the termination of the
Page 4 of 5 11 e c-
maximum period allowed by law, at which time and forthwith such
part of the trust estate shall be distributed in fee simple to the
person(s) then entitled to receive income therefrom and. for this
purpose. it shall be presumed that any person entitled to receive
support from the income or principal of any particular fund is
entitled to receive income therefrom.
IN TESTIMONY WHEREOF, I have set my hand and seal to this my
Last Will and Testament consisting of five (5) typewritten pages
on all pages of which I have placed my initials or signature for
security and identification this 5th day of January, 1996.
(SEAL)
Page 5 of 5 H ~ G-
Signed, sealed, published and declared for and as HENRY RUSSELL
GROVE, II'S Last Will and Testament by the testator in our
presence, we all being present at the same time; and we, in his
presence and at his request in the presence of each other, have
subscribed our names as witnesses whereof, all on the date last
above written.
of ~~ ~jr ~<it<d
of ~ef- (h~ I V/'~tr~~_
of --1-hm0't0./~~4~'
COMMONWEALTH OF VIRGINIA,
COUNTY OF HENRICO. to-wit:
Before me. the undersigned authority, on this day personally
appeared HENRY RUSSELL GROVE, I I, and Elizabeth A. Lamberti
Stephanie A. Atkinson , and Lori J. Benton , known
to me to be the testator and the witnesses, respectively, whose
names are signed to the attached or foregoing instrument and, all
of these persons being by me first duly sworn, HENRY RUSSELL
GROVE, II, the testator declared to me and to the witnesses in my
presence that said instrument is his Last Will and Testament and
that he had willingly signed and executed it in the presence of
said witnesses as his free and voluntary act for the purposes
therein expressed; that said witnesses stated before me that the
foregoing Will was executed and acknowledged by the testator as
his Last Will and Testament in the presence of said witnesses, who
in his presence and at his request, and in the presence of each
other, did subscribe their names thereto as attesting witnesses on
the day of the date of said Will, and that the testator, at the
time of execution of said Will, was over the age of eighteen (18)
years and of sound and disposing mind and memory.
SUBSCRIBED, SWORN and ACKNOWLEDGED before me by HENRY RUSSELL
GROVE, II, the testator, and subscribed and sworn before me by
Elizabeth A. Lamberti , Stephanie A. Atkinson , and
Lori J. Benton , witnesses, this 5th day of January,
1996.
My commission expires:
06/30/96.
~~
~
c:\t\ wills\1I \grove. mr
Page: 1
Scotlradeo
SCOTTRADE, INC
SOO N THIRD ST #100
HARRISBURG, PA 17101-1111
More broke, for your money.
(717) 234-4040
H RUSSELL GROVE II
551 MOUNTAIN RD
BOILING SPRINGS PA 17007-9520
Scottrade offers a wide variety of fixed income products including U.S. Government Bonds, Corporate and Municipal Bonds, CDs
and much more. For more information, please visit Scottrade.com or contact your local Scottrade branch office.
~.........-...-. ~~ ...-...:'-. . -. - - -.~- - -
~ ,,,.t.r.\',:I.>-f'l(I',r:.~i\1.' ~:.(1" I i..,r.;~# 1!r..r"ffJ~~'
~... ...--.................~'-"~-_...~~._."'-...............~~----- ... -. ~. ------- # '-- - - -- -~ ~ -.--. -. -..........~~---~~~-----~_.- ~- - .-"
VALUE THIS PERIOD OPENING BALANCE 82,787.85
CREDITS:
ACCOUNT MONEY BALANCES 82,690.52 OTHER CREDITS 27,912.43
TOTAL CREDITS 27,912.43
ACCOUNT TOTAL VALUE 82,690.52 DEBITS:
OTHER DEBITS -28,009.76
TOTAL DEBITS -28,009.76
CLOSING BALANCE 82,690.52
~~"'"''"''''''~~-~." ,. ,,~.. ~~,.,<<n~'h-'~-"" ~o,~ ~ t
~':". ':','" . .. ie',,), ""':;0~ ,.. ',1:t....'I. (b!;J""ltj~i:1..~~-tYii~. "'.
t:":'~_~~L'_'" _~ ~ _~~_--..,,~_.... _~~..:.-_~ ~.. _~. ~ . ~_~__._...~......_"""___..............~.._~"_ ~ . _ _ .......~_ _~" _ __
Date Transaction Quantity Description Price Amount Balance
OPENING BALANCE 82,787.85
04/11/07 BOUGHT 380 COMTECH GROUP INC (CHINA) 18.2599 -6,945.76 75,842.09
COGO
04/11/07 BOUGHT 42 POTASH CORP OF SAS. (CANADA) 169.25 -7,l15.SO 68,726.59
POT
04/12/07 SOLD 42 POTASH CORP OF SAS. (CANADA) 169.54 7,113.57 75.840.16
POT
04/13/07 SOLD 380 COMTECH GROUP INC (CHINA) 18.3901 6,981.13 82,821.29
COGO
04/19/07 BOUGHT 175 J CREW GRP 39.79 -6,970.25 75,851.04
JCG
04/19/07 BOUGHT 100 OMNICELL INC 21.45 -2.152.00 73,699.04
OMCL
04/19/07 BOUGHT 225 OMNICELL INC 21.45 -4,826.25 68,872.79
OMCL
04/20/07 SOLD 325 OMNICELL INC 20.9301 6,795.17 75,667.96
OMCL
04/24/07 SOLD 175 J CREW GRP 38.9401 6,807.41 82,475.37
JCG
04/30/07 CREDIT INTEREST CR INT 30 DAYS @ 3.203% 215.15 82,690.52
ANNUAL PERCENT YIELD EARNED
3.25
06/13/2007 09:47
7177631880
JACK GREENWOOD
PAGE 01/01
100 Corporate Center Dr., #201
Camp Hill, Pennsylvania 17011
717-763-7365. 717-763-1880 Fax
www.wienken.com
,,-A
Jack R. Greenwood. CLUJ CF~
Financial Services ProfessioniiJl
F'ronc'd S<~f'J'C~~
Brian R. Logan. MBA, AAMS
lnvestment Specialist
WIENKEN&ASSOCIATES
June 13, 2007
Via Fax: 249-5755
O'Brien, Baric & Scherer
Attn: Jennifer
19 West South Street
Carlisle, PA 17013
Re: Estate of H. Russell Grove, II
Dear Jennifer:
As Mr. Scherer requested in his letter of June 7, following are the values for the
two American Funds accounts owned by Mr. Grove as of his date of death,
April 24, 2007:
Acct. No. 64731072
$1,927.20
$1,927.20
Acct. No. 64731074
If I can help with anything else or if you have any questions, please don't hesitate
to call me at 249-6336, ext. 338.
Sincerely,
/ , ~
n... l "d/
Pa ncia C McEvoy, RpsM
Licensed Sales Assistant
Jack R. Greenwood and Brian R. I. of/en ar~ ~gisre1'Qd representatives of and offer s&curltiGs. invGstmGntJdvisory. and financial planning services through MML
Investors SGrvices. Inc,. memberSIPC, 100 Corporote Center Drive, S(Jite Z01, Camp Hill, PA 17011 .71;'-763-7365. Insurance orre~d fhrough MassachuSf?tts
Mutua! Life Insurance Company and other fins companies. #088112