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HomeMy WebLinkAbout03-20-08 .-J 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 INHERITANCE TAX RETURN RESIDENT DECEDENT OFFICIAL USE ONLY County Code Year File Number 21 07 1125 Decedent's Last Name Suffix Date of Birth 03/20/1926 Decedent's First Name MI Mildred E Spouse's First Name MI Robert A 209-12-9066 07/17/2007 Adams (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Adams Spouse's Social Security Number / ~ 9 (~ q ~ 6 53 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW .> 1. Original Return 2. Supplemental Return 3. Remainder Return (date of death prior to 12-.13-82) 5. Federal Estate Tax Return Required 4. Limited Estate 4a. Future Interest Compromise (date of death after 12-12-82) 7. Decedent Maintained a Living Trust (Attach Copy of Trust) 10. Spousai Poverty Credit (date of death between 12-31-91 and 1-1-95) o 8. Total Number of Safe Deposit Boxes . 6. Decedent Died Testate (Attach Copy of Will) 9. Litigation Proceeds Received 11. Election to tax under Sec. 9113(A) (Attach Sch. 0) l" J CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION ll:~ULD BE DIRE~ TO: Name Daytime Telephonet..lVlIDber co ...- :r; (717) 243-6222 j j~ 0 -~ Fi; N REGISTER .OFV'(I~~SE orID! James D. Flower Jr. Esq Firm Name (If Applicable) Saidis Flower & Lindsay First line of address 26 West High Street i"""') Second line of address (,0 o City or Post Office State ZIP Code DATE FILED Carlisle PA 17013 Correspondent's e-mail address: Under penalties of perjury, 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. SIGNATURE 0 E PONSI R FILING RETURN 20 DAtE ~,'ZO CJY _..____ _u_ ... .__ _ _ _h_~ d:,7 ~8 7 13 PLEASE USE ORIGINAL FORM ONLY Side 1 L 15056051058 15056051058 --I .-.J 15056052059 REV-1500 EX Decedent's Name: Mildred E Adams 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) Separate Billing Requested . . . . . .. 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) 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 Subjectto 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, or transfers under Sec. 9116 (a)(1.2) X .0_ 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. 15 121,603.40 15. 0.00 16. 0.00 17. 0.00 18. 19. TAX DUE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT L 15056052059 Side 2 209-12-9066 Decedent's Social Security Number 0.00 29,302.12 0.00 0.00 1,095.47 107,385.00 0.00 136,782.59 15,179.19 0.00 15,179.19 121,603.40 0.00 121,603.40 0.00 0.00 0.00 0.00 0.00 15056052059 --I REV-1500 EX Page 3 Decedent's Complete Address: DECEDENT'S NAME Mildred E Adams _'_____n______ STREET ADDRESS 31 Greenfield Drive File Number 07 1125 DECEDENT'S SOCIAL SECURITY NUMBER 209-12-9066 CITY Carlisle STATE PA . ZIP I 17015 Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) 2. Credits/Payments A. Spousal Poverty Credit 8. Prior Payments C. Discount (1) 0.00 Total Credits (A + 8 + C ) (2) 0.00 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty ( 0 + 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) 8. Enter the total of Line 5 + SA. This is the BALANCE DUE. (SA) (58) 0.00 0.00 0.00 0.00 0.00 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 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 [i] 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 [i] 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 PS. 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)]. Asibling 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 Mildred E. Adams FILE NUMBER 21-07 -1125 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION 308 shares, Chevron, common stock, @ $91.89/share VALUE AT DATE OF DEATH 28,302.12 TOTAL (Also enter on line 2, Recapitulation) $ 28,302.12 (If more space is needed, insert additional sheets of the same size) REV-1508 EX+ (6-98) '* COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF Mildred E. Adams FILE NUMBER 21-07-1125 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 . Conseco Insurance, Premium Refund 1,095.47 TOTAL (Also enter on line 5, Recapitulation). $ 1,095.47 (If more space is needed, insert additional sheets of the same size) REV-1509 EX+ (6-98* COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE F JOINTlY-OWNED PROPERTY ESTATE OF Mildred E. Adams FILE NUMBER 21-07-1125 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO DECEDENT A. Robert A. Adams 31 Greenfield Drive, Carlisle, PA 17015 Surviving Spouse B. C. JOINTLY-OWNED PROPERTY: LETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR DATE OF DEATH DECD'S VALUE OF NUMBER TENANT JOINT IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. VALUE OF ASSET INTEREST DECEDENT'S INTEREST 1. A. 09/15/03 Real estate with improvements situate in South Middleton Township, Cumberland County, PA, known as 31 Greenfield Drive, Carlisle, PA Assessed Value. See attached assessment sheet 178,370.00 50% 89,185.00 2. A Household gods and furnishings 36,400.00 50% 18,200.00 TOTAL (Also enter on line 6, Recapitulation) $ 107,385.00 (If more space is needed, insert additional sheets of the same size) REV-1511 EX+ (12-99) SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Mildred E. Adams FILE NUMBER 21-07-1125 Debts of decedent must be reported on Schedule L ITEM NUMBER A. DESCRIPTION AMOUNT 1. FUNERAL EXPENSES: Ewing Brothers Funeral Home Headstone Funeral flower spray Funeral Luncheon 7,336.19 2,500.00 159.00 530.00 2. 3. 4. 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 State Zip Year(s) Commission Paid: 2. Attorney Fees 1,000.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) 3,500.00 Claimant Robert A. Adams Street Address 31 Greenfield Drive City Carlisle State PA ,Zip 17015 Relationship of Claimant to Decedent Surviving Spouse 4. Probate Fees 139.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Register of Wills, File Inheritance Tax Return 15.00 TOTAL (Also enter on line 9, Recapitulation) $ 15,179.19 (If more space is needed, insert additional sheets of the same size) REV-1513 EX+ (9-00) . COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF Mildred E_ Adams FILE NUMBER 21-07 -1125 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 oulright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] 1. Robert A. Adams, 31 Greenfield Drive, Carlisle, PA 17015 Surviving Spouse 122,103.40 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 None 0.00 B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS None 0.00 TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ 0.00 (If more space is needed, insert additional sheets of the same size) TaxDB Result Details P.age I of I Detailed Results for Parcel 40-24-0748-003. in the 2004 Tax Assessment Database DistrictNo 40 Parcel ID 40-24-0748-003. MapSuffix HouseNo 31 Direction Street GREENFIELD DRIVE Ownerl ADAMS, ROBERT A & MILDRED W C/O PropType R PropDesc Liv Area 1798 CurLandVal 35000 CurImpVal 143370 CurTotVal 178370 CurPretval Acreage .22 CIGrnStat TaxEx 1 SaleAmt 165000 SaleMo 09 SaleDa 15 SaleCe 20 Sale Y r 03 Deed BkPage 00259-01455 YearBlt 1991 HF _File_Date 10/22/2004 HF _Approval_Status A http://taxdb.ccpa.net! details.asp ?id=40- 24-07 48-003 .&dbselect= 1 2/201200R LAST WILL AND TESTAMENT OF MILDRED W. ADAMS I, MILDRED W. ADAMS, of 308 Glendale Street, Carlisle, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do make, publish and declare this as and for my Last Will and Testament, hereby revoking and making void any and all former Wills, Codicils, or writings in the nature thereof, by me at any time heretofore made. FIRST: I hereby order and direct my Executrix or Executor, hereinafter named, to pay all my just debts, funeral expenses, testamentary expenses and all Inheritance, Estate, Transfer and Succession Taxes, as soon as may be conveniently done after my death, out of my residuary estate. SECOND: I give, devise and bequeath all of the rest, residue and remainder of my estate, be it real, personal or mixed, of whatsoever kind and wheresoever situate, to my husband, ROBERT A. ADAMS, provided he survive me by thirty days. THIRD: I have made an advance of the sum of Fifty Thousand ($50,000.00) Dollars to my daughter, BARBARA L. ADAMS. In the event that my husband, ROBERT A. ADAMS, fails to survive me by thirty (30) days, I give my daughter, JOANN C. EBERLE, and my son, THOMAS W. ADAMS, each the sum of Fifty Thousand ($50,000.00) Dollars to equal the advancement made to my daughter, BARBARA L. ADAMS. If my husband survives me by thirty (30) days, this gift shall be deferred until his death. FOURTH: In the event that my husband fails to survive me by thirty days, I hereby give, devise and bequeath my residuary estate to my children, in equal shares, THOMAS W. ADAMS, of Philadelphia, Pennsylvania, JOANN C. EBERLE, of Charlotte, North Carolina, and BARBARA L. ADAMS, of Carlisle, Pennsylvania. FIFTH: If my daughter, JOANN C. EBERLE, predeceases me, I leave the share of my estate which she would have received to her husband, JAY EBERLE. If my son, THOMAS W. ADAMS, predeceases me, I leave the share of my estate which he would have received, one half to my daughter, JOANN C. EBERLE and one-half to my daughter, BARBARA L. ADAMS. If my daughter, BARBARA L. ADAMS, predeceases me, I leave the share of my estate which she would have received, one-half to my daughter, JOANN C. EBERLE and one-half to my son, THOMAS W. ADAMS. LASTLY: I nominate, constitute and appoint my husband, ROBERT A. ADAMS, to be the Executor of this my Last Will and Testament. In the event that my said husband, ROBERT A. ADAMS, shall be unable to serve as Executrix for any reason, I appoint my children, THOMAS W. ADAMS, JOANN C. EBERLE and BARBARA L. ADAMS, as Co-Executors. No Executor shall be required to file bond in this or any other jurisdiction. 2 IN WITNESS WHEREOF, I have hereunto set my hand and seal this 01 ih day of {]/Lc'~ , 2006. () !LJI Jd-\\~~ FlJo-"nl.c- I Mildred W. Adams SIGNED, SEALED, PUBLISHED and DECLARED in the presence of: (~~ \)~M~() " 7 L J~ \. j .' . ' ~fI;fAI7l; . /0k0L/ 3 COMMONWEALTH OF PENNSYLVANIA ss COUNTY OF CUMBERLAND I, MILDRED W. ADAMS, 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; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. Swom or affirmedqO and aCknowled9fefore me, by MILDRED W ADAMS, the Testatrix, this tit day of tu... , 2006. /~~(l--J-1. ..QIt- u). /~~ Yi'1/'-Y Mildred W. Adams, Testatrix ~ NOTARIAL SEAL IRlENE I. MARHEVI<A. NOTARY PUBUC CARUSLE. CUMBERlAND COUNTY, PA MY COMMISSION EXPIRES JUNE 8. 2010 4 COMMONWEALTH OF PENNSYLVANIA ss COUNTY OF CUMBERLAND W . and t/7~ cI ~'7i.-U.A, J the witne es whose names are sig d to the attached or foregoing instrument, being dul qualified according to law, ao depose and say that we were present and saw Testatrix sign and execute the instrument as her Last Will; that she signed willingly and that 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 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 or affirmed to and subscribed to before me biJo.,YLI "J J;lec~, 1- and (b~ of ~1lJ.J-tJ,. this J qtf- day of gU-O'LJ ,2006. A ,/ I .' ..J/' W/71/?f,'/ ~~A / l>. - .. WItness IIJTAIIAL 8EM. MERl.EIE t r=.IIJ1NWMUC ~~SIONDPIREI~O 5