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HomeMy WebLinkAbout03-24-08 ," , C". :) 1- ul- ~7ll FAMILY SETTLEMENT AND FINAL RELEASE ESTATE OF ELIZABETH A. VANATTEN () -.,-, KNOW ALL MEN BY THESE PRESENTS, that Elizabeth A. VanAtteri, late of the _.~> Township of South Middleton, Cumberland County, Pennsylvania, deceased,~ died testate on June 2,2007, having first made her Last Will and Testament, which was duly executed on April 24, 2007 and probated in the Office of the Register"' of WillS of , (,'i Cumberland County, on June 13, 2007 as Estate No. 21-07-00574. WHEREAS, the said Elizabeth A. VanAtten, by the aforesaid Last Will and Testament, named Donald W. Kibler as Executor of said Last Will and Testament; WHEREAS, Letters Testamentary on the Estate of the said decedent were duly issued by the Register of Wills of Cumberland County, Pennsylvania, to the said Executor, hereinafter called personal representative; WHEREAS, the personal representative has gathered the assets of the Estate of the said decedent and the assets consist of personal and real property with the total value of $21,482.57 as set forth in Exhibit "A", which is a copy of the Pennsylvania Inheritance Tax Return filed and approved by said personal representative, and which is attached hereto and made a part hereof, and marked Exhibit "A"; WHEREAS, the debts and deductions, including the payment of inheritance tax in the said Estate, which have now been paid, leave a balance for distribution of $4,617.74, also as set forth in the statement of said personal representative, which is attached hereto and marked Exhibit "B"; WHEREAS, the balance for distribution as shown in the said statement marked Exhibit "B" has been reduced to cash and has been distributed as herein indicated in accordance with the terms of the Last Will and Testament of the said Decedent; NOW, THEREFORE, David F. Kibler, Gary A. Kibler, and Donald W. Kibler, being the sole heirs under the Last Will and Testament of the said decedent, and being those persons entitled to inherit under said Last Will and Testament, do hereby acknowledge that they have this day had and received from the aforesaid personal representative, in full satisfaction and payment of all sums of money, legacies, bequests, and devises as are given, devised and bequeathed to them by the said Last ..J' Will and Testament, the amounts due them under said Last Will and Testament, which amounts they have received this day or prior to this day; and, they hereby stipulate that in order to avoid the expense and time involved in the filing of a formal account and schedule of distribution, they agree that no account is necessary and they do hereby agree that they do consent to distribution being made without the filing of an account and schedule of distribution, the same to be with the same force and effect as if they had been filed and confirmed by the Orphan's Court Division of the Court of Common Pleas of Cumberland County, Pennsylvania. THEREFORE, David F. Kibler, Gary A. Kibler, and Donald W. Kibler do hereby remise, release, quitclaim and forever discharge the said personal representative, Donald W. Kibler, his heirs, executors, administrators and assigns, of and from the said estate and from all actions, suits, payments, accounts, reckonings, claims, and demands whatsoever for or by reason thereof, or for any other use, matter, cause or thing whatsoever, touching upon the Estate of the said decedent, and they do further hereby covenant and agree that should any liability come due to the estate of the said decedent after the signing of this Agreement, they do hereby covenant and agree with aforesaid personal representative, that they will contribute pro-rata their share of the Estate to satisfy any and all claims, demands, suits or causes of action which may be successfully prosecuted against the said Estate or the aforesaid personal representative after the signing, sealing and delivery of this Family Settlement Agreement and Final Release. IN WITNESS WHEREOF, they have hereunto set their hands and seals the day and year noted below. ~ . 0 f?> . . ZJ.J/ilhL-- .. . . -- ~ i---- '212.3/ Go Date C&~. ; ^-.J -< ~ Witness Gary A. Kib a~/7;1 7r:6ilA_ b~ w .1:ll".f0 ~ess Donald W. Kibler ~-~~ Date 01-29-2008 VANATTEN 06-02-2007 21 07-0574 CUMBERLAND 101 APPEAL DATE: 03-29-2008 ( See reverse side under Objections) Amount Remittedl MAKE CHECK PAYABLE AND REMIT REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION PO BOX 280601 HARRISBURG PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX JAMES M ROBINSON TURD LAW OFFICES 28 S PITT ST CARLISLE PA 17013 DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN REV-1547 EX AFP (06-05) ELI ZABETH A I PAYMENT TO: CUT ALONG THIS LINE --+ RETAIN LOWER PORTION FOR YOUR RECORDS +-- ------------------------------------------------------------------------------------------- REV-1547 EX AFP (03-05) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF VANATTEN ELIZABETH A FILE NO. 21 07-0574 ACN 101 DATE 01-29-2008 T AX RETURN WAS: (X) ACCEPTED AS F I LED ) CHANGED If an assessment was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will reflect figures that include the total of !hh returns assessed to date. ASSESSMENT OF TAX: IS. Amount of Line 14 at Spousal rate 16. Amount of Line 14 taxable at Lineal/Class A rate 17. Amount of Line 14 at Sibling rate lB. Amount of Line 14 taxable at Collateral/Class B rate 19. Principal Tax Due TAX CREDITS' RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN I. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Stock/Partnership Interest (Schedule C) 4. Mortgages/Notes Receivable (Schedule D) 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) 7. Transfers (Schedule G) .00 .00 .00 .00 21,482.57 .00 .00 (I) (2) (3) (4) (5) (6) (7) B. Total Assets APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) 10. Debts/Mortgage Liabilities/Liens (Schedule I) II. Total Deductions 12. Net Value of Tax Return 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (9) CIO) 10,218.37 14. Net Value of Estate Subject to Tax 6.428.87 (11 ) CI2) CI3) CI4) NOTE: CIS) CI6) CI7) CIB) .00 X 4,835.33 X .00 X .00 X NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment. (B) 21, 482.57 16.647.;14 4,835.33 .00 4,835.33 00 045 = 12 15 = .00 217.59 .00 .00 217.59 CI9)= PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) 10-23-2007 CD008839 .00 217.59 ~ EXHIBIT TOTAL TAX CREDIT 217.59 ~ " ,I BALANCE OF TAX DUE .00 ~ A INTEREST AND PEN. .00 ~ ~~ TOTAL DUE .00 * IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) --.J 15056041147 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 File Number INHERITANCE TAX RETURN RESIDENT DECEDENT 2 1 0 7 00574 Date of Birth 189289899 06022007 06181913 Decedent's Last Name Suffix Decedent's First Name MI VANATTEN ELIZABETH A (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 o 3. Remainder Return (date of death prior to 12-13-82) 5, Federal Estate Tax Return Required 0 4. Limited Estate 0 4a. Future Interest Compromise (date of death after 12-12-82) 0 6. Decedent Died Testate 0 7. Decedent Maintained a Living Trust (Attach Copy of Will) (Attech Copy of Trust) 0 9. Litigation Proceeds Received 0 10 Spousal Poverty Credit (date of death . between 12-31-91 and 1-1-95) o o 8. Total Number of Safe Deposit Boxes. o 11. Election to tax under Sec. 9113(A) (Attach Sch. 0) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE [)IRECTED TO: Name Daytime Telephone_Number , '. JAMES M ROBINSON 7172459~.8 Firm Name (If Applicable) TURO LAW OFFICES REGISTER OF WILLS USEro.NL Y ... --. c.'.' First line of address 28 SOUTH PITT STREET Second line of address f- City or Post Office CARLISLE State ZIP Code 17013 DATE FILED PA 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. ATURE OF PERSON RESPONS BLE FOR FIL G RETURN , DAT'f W , Donald W. Kibler i 0 Z2.., 07 17070 James M Robinson Ie> Street, Carlisle, PA 17013 L Side 1 15056041147 15056041147 --.J --1 15056042148 REV-1500 EX Decedent's Name: VANATTEN, ELIZABETH A 189289899 RECAPITULATION 1. Real Estate (Schedule A)........................................ 2. Stocks and Bonds (Schedule B)................................................ 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. 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. 4,835.33 16. 17. 18. 19. Tax Due........................................ ................................................ ............................. 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. L Side 2 15056042148 Decedent's Social Security Number 1. 2. 21,482.57 21,482.57 10,218.37 6,428.87 16,647.24 4,835.33 4,835.33 217.59 217.59 D 15056042148 ~ REV-1S00 EX Page 3 Decedent's Complete Address: DEcEDEN I '::; NAME VanAtten, Elizabeth A STREET ADDRESS 81 Magaw Avenue File Number 21 - 07 - 00574 CITY I STATE PA IZIP 17013 Carlisle Tax Payments and Credits: 1, Tax Due (Page 1 Line 19) 2, Credits/Payments A Spousal Poverty Credit B. Prior Payments C. Discount (1) 217.59 3, InteresUPenalty if applicable D, Interest E. Penalty Total Credits (A + B + C) (2) 0.00 TotallnterestlPenalty (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 S, 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. B. Enter the total of Line S + SA. This is the BALANCE DUE. (3) 0.00 (4) (S) 217 .59 ~-~-~ (SA) (5B) 217.59 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS Yes No D 0 D 0 D 0 D 0 D 0 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?........, D 0 4, Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation?...........................................,...,...................................................................... D 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. 1. Did decedent make a transfer and: a. retain the use or income of the 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?...............................................................................,............,.............,........... 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. S9116 (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. S9116 (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. S9116 (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. S9116 1.2) [72 P.S. S9116 (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. S9116 (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 E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER 21-07-00574 ESTATE OF VanAtten, Elizabeth A 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 NUMBER 1 Orrstown Bank accl. no. xxx-xxxx351 ._-~~---~ VALUE AT DATE OF DEATH -~ ------- 12,443.08 DESCRIPTION 2 Merrill Lynch Cash Management Account 6,411.49 3 GE Long-term Care Policy 2,628.00 TOTAL (Also enter on Line 5, Recapitulation) 21,482.57 *' SCHEDULEH FUNERAL EXPENSES & AIl\IIINISlRATNE COSTS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER 21 - 07 - 00574 ESTATE OF Va nAtten, Elizabeth A Debts of decedent must be reported on Schedule I. ITEM I NUMBER I FUNERAL EXPENSES: A. 1 I Hoffman-Roth Funeral Home DESCRIPTION AMOUNT 5,118.00 2 Harrisville Memorials 85.00 3 Woodland Cemetery 200.00 4 Pastor Shaughnessy 75.00 5 Memorial Service Food to Cumberland Crossing 213.29 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 Attorney's Fees Turo Law Offices State Zip 2. 2,000.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City Relationship of Claimant to Decedent State Zip 4. Probate Fees Register of Wills Cumberland Law Journal The Sentinel - Legal 133.00 75.00 166.60 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 1 Dinner to Carlisle Country Club 811.33 TOTAL (Also enter on line 9, Recapitulation) 10,218.37 Schedule H Funeral Expenses & Adminis1rative Cos1s continued COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Va nAtten, Elizabeth A FILE NUMBER 21-07-00574 2 Dinner to Rillo's Restaurant 940.10 3 Fruit Basket for Nursing Stations 83.85 4 Picture Preparation to Fine Art Photo and Camp Hill Frame Shop 111.04 5 Postage 11.78 Page 2 of Schedule H SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF VanAtten, Elizabeth A FILE NUMBER 21 - 07 - 00574 Include unreimbursed medical expenses. ITEM NUMBER . r--------.."..-.---~--..-_ DESCRIPTION AMOUNT Continuing Care Retirement Community June to Diakon 1,704.98 2 Continuing Care Retirement Community Skilled Care to Diakon net of a Refund received of $346.12 4,068.71 3 West Shore EMS 104.82 4 Continuing Care RX 134.68 5 Return Funds to PSERS 415.68 TOTAL (Also enter on Line 10, Recapitulatlonj 6,428.87 EXHIBIT "B" GROSS ESTATE $ 21,264.98 LIABILITIES A. Hoffman-Roth Funeral Home, Inc. $ 5,118.00 B. Harrisville Memorials 85.00 C. Woodland Cemetery 200.00 D. Pastor Shaughnessy 75.00 E. Cumberland Crossing (Food) 213.29 F. T u ro Law Offices 2,000.00 G. Register of Wills 133.00 H. Cumberland Law Journal 75.00 I. The Sentinel - Legal 166.60 J. Carlisle Country Club 811.33 K. Rillo's Restaurant 940.10 L. Fruit Basket for Nursing Stations 83.85 M. Smuggler's Wharf - Post-Memorial Dinner 194.38 N. Fine Art Photo - Picture Preparation 111.04 O. Postage 11.78 P. Continuing Care Retirement Community 5,773.69 Q. West Shore EMS 104.82 R. Continuing Care RX 134.68 S. PSERS - Return Funds 415.68 TOTAL LIABILITIES $ 16,452.86 AMOUNT REMAINING TO BE DISTRIBUTED $ 4,617.74 DISTRIBUTIONS: David F. Kibler $ 1,539.25 Gary A. Kibler 1,539.25 Donald W. Kibler 1,539.24