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HomeMy WebLinkAbout01-10-08 --I 15056041147 REV -1500 EX ((1&)-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 2 1 RESIDENT DECEDENT 0 7 File Number 00499 Date of Birth 193128255 04102007 07141923 Decedent's Last Name Suffix Decedent's First Name JOSEPHINE MI N LEO (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW 181 1. Original Return 0 2. Supplemental Return 0 3. Remainder Return (date of death prior to 12-13-82) 0 4. Limited Estate 0 4a. Future Interest Compromise 0 5. Federal Estate Tax Return Required (date of death after 12-12-82) 181 6. Decedent Died Testate 0 7. Decedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 0 9. Litigation Proceeds Received 0 10 Spousal Poverty Credit (date of death 0 11. Election to tax under Sec. 9113(A) . between 12-31-91 and 1-1-95) (Attach Sch. 0) ~ORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: ame Daytime Telephone Number RICHARD E. CONNELL 7172328731 ,....'; r-~) ;~. " Firm Name (If Applicable) BALL, MURREN & CONNELL First line of address C) 2303 MARKET STREET Second line of address DATE FILED \..-;) City or Post Office CAMP HILL State PA ZIP Code 17011 . connell@bmc-law.net Correspondent's e-mail address: ADDRESS Ined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, r other than the personal representative is based on all information of which preparer has any knowledge. DATE I DATE ocr Richard E. Connell I 2303 Market Street, Camp Hill, PA 17011 Side 1 L 15056041147 15056041147 --.J , d\l~ --I 15056042148 REV-1500 EX Decedent's Name: LEO, JOSEPHINE N. 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) 0 Separate Billing Requested............. 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) 0 Separate Billing Requested............. 7. 8. Total Gross Assets (total Lines 1-7)....................................................................... 8. Decedent's Social Security Number 193128255 8,999.44 42,081.01 25,740.65 76,821.10 12,604.40 1,224.13 13,828.53 62,992.57 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 14""iaXable at sibling rate X .12 18. Amount of Line 14 taxable at collateral rate X .15 15. 62,992.57 16. 17. 18. 19. Tax Due.... ............................. .................................................................. .................. 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. Side 2 L 15056042148 62,992.57 2,834.67 2,834.67 ~ 15056042148 --1 REV-1500 EX Page 3 Decedent's Complete Address: File Number 21 - 07 - 00499 Leo, Josephine N. STREET ADDRESS 1301 Brandt Avenue CITY STATE IZIP New Cumberland PA Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit 8. Prior Payments C. Discount (1 ) 2,000.00 105.26 (2) Total Credits (A + 8 + C) 3. InteresVPenalty if applicable D. Interest E. Penalty 2,834.67 2,105.26 TotallnteresVPenalty (0 + E) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 2 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. A. Enter the interest on the tax due. 8. Enter the total of Line 5 + SA. This is the BALANCE DUE. (3) 0.00 (4) (5) 729.41 ~-~- (SA) (58) 729.41 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: a. retain the use or income of tr.e property transferred;.................................................................................. b. retain the right to designate who shall use the property transferred or its income;.................................... c. retain a reversionary interest; or.................................................................................................................. 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?.................................................................................... .................................. Yes D D [] o No ~J [!J [!J rx: I_~ ~ lX-i LJ 0, 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?...................................................................................................................... W 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. 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 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. 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. . SCHEDULE B STOCKS & BONDS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT I FILE NUMBER I 21 - 07 - 00499 ESTATE OF Leo, Josephine N. All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION UNIT VALUE VALUE AT DATE OF DEATH 146 Shares of Met Life, Inc. CUSIP 001 92859156R10 61.64 8,999.44 TOTAL (Also enter on line 2, Recapitulation) 8,999.44 *' SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Leo, Josephine N. I FILE NUMBER : 21 - 07 - 00499 I 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 DESCRIPTION VALUE AT DATE OF NUMBER DEATH ,--- 1 PNC Bank 35,396.72 a. Checking Account No. 5140223057 $ 9,346.84 b. Certificate of Deposit No. 21001028104 $ 10,485.66 c. Certificate of Deposit No. 31700237563 $ 15,564.22 2 Personal Possessions 500.00 3 1999 Grand Prix Sedan 5.800.00 VIN 1 G2WJ52M6XF345789 Mileage 40,000 4 Sears Refund 3.00 5 State Farm Insurance Refund 15.70 6 Verizon Refund 50.05 7 Belco Refund 18.75 8 Refund - Pennsylvania Employees Benefit Trust Fund 296.79 ~- TOTAL (Also enter on Line 5, Recapitulation) 42,081.01 . SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT I FILE NUMBER I 21 - 07 - 00499 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page 2 is yes. ESTATE OF Leo, Josephine N. ITEM NUMBER DESCRIPTION OF PROPERTY Include the name of the transferee, their relationship to decedent and the date of transfer. Attach a copy of the deed for real estate. DATE OF DEATH VALUE OF ASSET %OF DECD'S INTEREST EXCLUSION (IF APPLICABLE) TAXABLE VALUE IRA - Account # 65001009872 25,740.65 25,740.65 +- TOTAL (Also enter on line 7, Recapitulation) 25,740.65 . SCHEDULE H FUNERAL EXPENSES & ADIVIINlS1RAllVE COSTS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Leo, Josephine N. Debts of decedent must be reported on Schedule J. ITEM I DESCRIPTION NUMBER I FUNERAL EXPENSES: A. 1 I Rolling Green Cemetery FILE NUMBER I 21 - 07 - 00499 AMOUNT 221.00 2 Wiedman Funeral Home 9,322.80 3 FuneralLuncheon 1,000.00 1. ADMINISTRATIVE COSTS: Personal Representative's Commissions B. 0.00 Social Security Number(s) I EIN Number of Personal Representative(s): Street Address City State Zip 3. Year(s) Commission paid Attorney's Fees Ball, Murren & Connell Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address 2. 1,100.00 0.00 City Relationship of Claimant to Decedent State Zip 4. Probate Fees Register of Wills, Cumberland County 122.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 1 State Farm - maintenance car insurance 338.60 TOTAL (Also enter on line 9, Recapitulation) 12,604.40 '*' COMMONWEAL..T.....H.O.F PENNSYLVA~NA 1_ INHERITANCE TAX RETURN RESIDENT DECEDENT Schedule H Funeral Expenses & Administrative Cos1s continued _ riLE NUMBER 21 - 07 - 00499 r~----~5.00~ ESTATE OF Leo, Josephine N. 2 i Albert Leo - reimbursement at out-at-pocket expenses. 3 I Ball, Murren & Connell - reimbursements tor costs advanced 25.00 Page 2 of Schedule H . SCHEDULE I DEBTS OF DECEDENT, MORTGAGE liABiliTIES, & liENS COMMONWEAlTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ~NUMBER 21 - 07 - 00499 ESTATE OF Leo, Josephine N. Include unreimbursed medical expenses. ---------- -- ITEM DESCRIPTION AMOUNT NUMBER - 1 Comfort Physical Therapy 45.02 2 Frank Zeplin - Maintenance 26.50 3 Crystal Springs 17.98 4 Randy Bixler - Maintenance 233.00 5 P A Water 30.82 6 PP&L 161.69 7 Capital One - Credit Card 709.12 -------- TOTAL (Also enter on Line 10, Recapitulation) 1,224.13 REV-1513 EX+ (9-00) *' l SCHEDULE J BENEFICIARIES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT RELATIONSHIP TO DECEDENT Do Not List Trustee(s) I FILE NUMBER 21 - 07 - 00499 SHARE OF ESTATE AMOUNT OF ESTATE (Words) ($$$) ESTATE OF Leo, Josephine N. I. . NAME AND ADDRESS OF PERSON(S) i. RECEIVING PROPERTY ITAXABLE DI~TRIBUTIONS [include outrightspousal I Cfistributions, and transfers under Sec. 9116 (a) (1.2)] i . ! Marianne L. Brunner 1780 Winterhaven Drive Mechanicsburg, PA 17055 NUMBER Daughter one-half (1/2 2 Albert F. Leo 161 Ridings Way Lancaster, PA 17601 Son one-half (1/2 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 CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET 0.00 LAST WILL AND TESTAHENT Q o~~ ......~,~ OF JOSEPHINE N. LEO I, Josephine N. Leo, of New Cumberland, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament, hereby revoking any and all prior Wills and all Codicils made by me at any time heretofore. ITEM 1 . I direct that all my legally valid debts, funeral and administration expenses, and inheritance and estate taxes incurred on account of my death shall be paid by my personal representatives out of my residuary estate as soon after my death as practicable. ITEM 2. I give, devise and bequeath the following items of personal property unto my children as follows: A. To my daughter, Marianne L. Brunner, the following: Platinum diamond ring, origi.nal wedding band, white gold. ring, Grandma's gold bracelet, sterling flatware service for eight, gold earrings, gold chain, piano, silver gravy boat, silver water pitcher, oval silver . {1 vegetable dish and silver tray)~ t1~~ ~2J.?e B. To my son, Albert F. Leo~01l0Wing. Grand~n fkJI-/J. ' : with diamond, Granrlpop's initial gold ring, silver Lady Hamilton watch, tl/~ t/ silver tea cake knife, silver dish, two silver Pages, I ~, tud{; ~ casseroles, silver centerpiece with candle holders, pewter vase and candle holders, granfather clock, pearl earrings, diamond wedding band, charm bracelet, plain wedding band, gold dinner ring and Grandmother's ring. I give, devise and bequeath all the rest, residue and remainder of my estate, of every nature and wherever si tuated to my husband, Albert A. Leo, provided that he survives me by a period of four (4) months. Should he not be living on the first (1st) day after the four (4) month period of my death, then I give, devise and bequeath all the rest, residue and remainder of my estate unto my children, Albert F. Leo and Marianne L. Brunner in equal shares. In the event that either of my children are deceased at the end of the four (4) month period as stated above, that child's share shall go to his or her then living children. In the event that there are no living children of my children at the time of distribution, my child's share shall go to the remaining brother or sister as the case may be. ITEM 3 . In the event any person entitled to take under this, my Last Will and Testament, shall not have attained the age of twenty-one (21) years at the time of my death, then I direct such person's share be payable to CCNB, N.A., of New Cumberland, Pennsylvania or any successor bank, as Trustee, for the following purposes and uses: A. The Trustee shall collect all assets of my estate, as well as all proceeds from any insurance policies to which said person or Page Two of Five Pages (/)~. j t:P (~phip N. Leo p' ,;If /~ persons are entitled, and shall create a separate trust for each such person who has not attained the age of twenty-one (21) years, as aforesaid. All the terms and provisions herein concerning trust estates shall be applicable to each such separate trust so created. B. The Trustee shall hold, manage, invest and reinvest said property and collect the income therefrom. The Trustee shall, in its sound fiduciary discretion, make paYments from either principal or income, to or on behalf of the beneficiary of any said trust for the purpose of providing for the welfare, support, education and maintenance of said beneficiary during the term of said trust. When said beneficiary attains the age of twenty-four (24) years, the Trustee shall pay over one-third (1/3) of the amount of the trust; and when said beneficiary attains the age of twenty-seven (27) years, the Trustee shall pay over one-third (1/3) the amount of the trust; and when the said beneficiary attains the age of thirty (30) years, the Trustee shall pay over the remaining one-third (1/3) of the trust, and said trust shall terminate, free and clear of all trust provisions. C. In no event, however, shall payment be made to any creditor or other such person because of anticipation of paYment by the beneficiary, and any claim made by way of anticipation by the beneficiary shall be of no validity or legal effect. ITEM 4. No interest of any beneficiary under this Will or any Codicil hereto shall be subject to anticipation or voluntary or involuntary alienation. Page Three of Five Pages ffi ~ _L .,! - ,,~ "'~~ (se*Leo " ITEM 5 . My Executor/Executrix acting hereunder shall have the following powers in addition to those vested in him/her/them by law and.by other provisions of this Will, applicable to all property, real, personal and mixed and wheresoever situated, including property ~eld for minors, whether principal or income, exercisable without court approval and effective with respect to each item of said property, until actual distribution: A. To retain as investments of my estate, any or all of my estate, real or personal or mixed, without regard to any principal of diversification, and to hold any or all of such real and personal property retained or acquired without making the same productive of income; B. To pay all taxes, charges and expenses of maintenance, upkeep, improvement, development, protection, preservation and investment of any retained or acquired real or personal property, such payments to be made from either principal or income as my said Executor/Executrix shall determine; C. To retain or invest any and all funds, whether principal or income, in any real or personal property, without restrictions to legal investments; D. To purchase investments at premiums; to exercise all rights of a security holder or shareholder in any corporation; and to lease, mortgage, pledge, give options upon or sell at public or private sale and without approval of any court and without any responsibility to Page Four of Five Pages (l;~.'~ // ..7)(};; ~/sephi N. Leo v the buyer or buyers to see to the application of the purchase price, any real or personal property, or portion or portions thereof, irrespective of the manner or the means by which the same was acquired by my said Executor/Executrix; E. To make any payment or distribution herein provided for in cash or in kind, or part ly in cash and part ly in kind, at valuations fixed by my Executor/Executrix at the time of distribution. ITEM 6. No fiduciary acting hereunder shall be required to post bond or enter security in any jurisdiction. ITEM 7. I nominate, constitute and appoint my husband, Albert A. Leo, as Executor of this, my Last Will and Testament. If my husband, Albert A. Leo, does not act or continue to act as my Executor, then I nominate, constitute and appoint my son, Albert F. Leo, as Executor of this, my Last Will and Testament. In the event either of the above named, Executors, do not qualify as Executor, I name the fo llowing individua Is in the order set forth herein to act as Executrix/Executor: My daughter, Marianne L. Brunner, or my brother, Ernest Nicotera. IN WITNESS WHEREOF, j set my and Testament, this ~ \ day of eal to this, my Last Will , 1988. Page Five of Five Pages ~1 : .' ,",L~/ -16 i e N. Leo , -~/ // ~k / C/ The preceding instrument, consisting of this and five (5) other typewritten pages, signed at the bottom of each page for security purposes, was on the date thereof signed, published and declared by Josephine N. Leo, the Testatrix herein named, as and for her Last Will and Testament in our presence, who, at her request, in her presence and in the presence of each other, have subscribed our names as witnesses whereof. ./a-t!&v WITNESS COMMONWEALTHDOF PENNSYLVANIA COUNTY OF ttt\L.tlLLfJ/LUP I, Josephine N. Leo, the 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; and that I signed it willingly and as my free and voluntary act for the purposes therein expressed. Sworn to or affirmed a:J- acknowledged Leo, the Testatrix, this ~ day of re me by Josephine N. , 1988. J&~~r;~rJ;~{::-~ .:/ 'J'... .. I // /'0 /; l1'L~) !/ ~1r/JrV~) NOTARY PUBLIC JEAN L. MORIN, Notary Public Harrisburg, Dauphin County, Pa. 1 My Commission Expires Sept. 16, 199 COMMONWEALTH~-.oF PEN~SYLVANIA COUNTY OF ~UI}U We, 9!t1~~C)f!oK~ (ju. "- I) !I ) witnesses whose names are signed to and ~ /7\,1 Ul /J /, , . ~ Jl; 1// II . ;jf/'?,/Iffi the the attached or foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw the Testatrix sign and execute the instrument as her Last Will; that the Testatrix signed willingly and executed it as her free and voluntary act for the purposes therein expressed; that each subscribing witness in the hearing and sight of the Testatrix signed the Will as a witness; 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. Sworn to or affirmed and subscribed ~~,~ / and ~1.l/pV/a Aid day of ~ ' 1988. to before me by witnesses, this (~6t~Y;? .&tJ;'~ Witness ~JiJ~. ~luJu . NOTARY PUBLIC JEAN l. MORIN, Notary Public' Harrisburg, Dauphin County, Pa". _ fl4y Commission Expires Sept~ .16, 1991' LAw OFFICES BALL, MURREN & CONNELL 2303 MARKET STREET CAMP HILL. PENNSYLVANIA 17011 PHIUP J. MURREN RICHARD E. CONNELL TERESA R. MCCORMACK THOMAS A. CAPPER (717) 232-8731 FACSIMILE (717) 232-2142 WILLIAM BENTLEY BALL ( 1 91 6-1999) MAILING ADDRESS: P.O. BOX 1108 HARRISBURG, PENNSYLVANIA 17108-1108 HAND DELIVERED January 10, 2008 Glenda Farner Strasbaugh Register of Wills Cumberland County Courthouse One Courthouse Square Carlisle, P A 17013 ~) t-:; =:> (_.. :J~~ o RE: Estate of Josephine N. Leo (deceased) Date of Death: 4-10-07 Will No. 2007-0499 Our File No. 2809 '"""'"J !"-....;.1 \..D Dear Ms. Strasbaugh: Enclosed please find, in duplicate, the Inheritance Tax Return (with copies of decedent's Will attached) for Josephine N. Leo. Also enclosed is a check payable to the Register of Wills, Agent, in the amount of Seven Hundred Twenty Nine Dollars and Forty One ($729.41) Cents representing the tax due. Also enclosed are the Estate Inventory and a check in the amount of $30 for the filing of the Inheritance Tax Return and the Inventory. Kindly date-stamp the additional copies of the Inheritance Tax Return and Inventory for our file. Very truly yours, Richard E. Connell REC/hmp Enclosures cc: Mr. Albert F. Leo (w/enclosure)