HomeMy WebLinkAbout04-25-08
2 \ - O'l- D\.o SD
FAMilY SETTLEMENT AND FINAL RELEASE
ESTATE OF WilLIAM ROBERT KING. SR.
o
C;o
~ ~j ;ZS
TO
-'i"~^ i
:.:.:-:> r-""';"l
':::C.'
"'.<>",-
I"....:l
=
=
=
-f"!r,'l<
::::0
:;.0
N
(..n
!;
Jio.
\,J)
.- -
1",)
- OJ
KNOW ALL MEN BY THESE PRESENTS, that William Robert King, Sr., late of
the Township of North Middleton, Cumberland County, Pennsylvania, deceased, died
testate on July 6, 2007, having first made his Last Will and Testament, which was duly
executed on March 5, 1998 and probated in the Office of the Register of Wills of
Cumberland County, on July 11,2007 as Estate No. 21-07-00650.
WHEREAS, the said William Robert King, Sr., by the aforesaid Last Will and
Testament, named William R. King, Jr. 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 $17,696.07 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
$8,354.88, 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, William R. King, Jr., being the sole heir under the Last Will
and Testament of the said decedent, and being that person entitled to inherit under said
Last Will and Testament, does hereby acknowledge that he has 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
\
r-f[
BUREAU Ol~ 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
*'
REV-1547 EX AFP (06-05)
DATE 01-14-2008
ESTATE OF KING SR WILLIAM R
DATE OF DEATH 07-06-2007
FILE NUMBER 21 07-0650
COUNTY CUMBERLAND
ACN 101
APPEAL DATE: 03-14-2008
( See reverse side under Objections)
Amount Re.ittedl I
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
CUT ALONG THIS LINE --+ RETAIN LOWER PORTION FOR YOUR RECORDS +--
REy:is47-Ex-AFP-C03:osj-NoTIcE-OF-INHERITANCE-TAX-APPRAIsEMENT:-ALLOWANCE-OR---------------
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF KING SR WILLIAM R FILE NO. 21 07-0650 ACN 101 DATE 01-14-2008
JAMES M ROBINSON
TURO LAW OFFICES
28 S PITT ST
CARLISLE PA 17013
TAX RETURN WAS: (X) ACCEPTED AS F I LED
CHANGED
RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
Stocks and Bonds (Schedule B)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
.00
.00
.00
.00
17,696.07
.00
.00
(8)
NOTE: To insure proper
credit to your account,
submit the upper portion
of this form with your
tax payment.
1. Real Estate (Schedule A)
2.
3.
4.
5.
6.
7.
8.
Closely Held Stock/Partnership Interest (Schedule C)
Mortgages/Notes Receivable (Schedule D)
Cash/Bank Deposits/Misc. Personal Property (Schedule E)
Jointly Owned Property (Schedule F)
Transfers (Schedule G)
Total Assets
17,696.07
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H)
10. Debts/Mortgage Liabilities/Liens (Schedule I)
11. Total Deductions
12. Net Value of Tax Return
13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J)
(9)
(10)
5,808.25
3.139.25
(11)
(12)
(13)
14.
Net Value of Estate Subject to Tax
(14)
8.947.50
8,748.57
.00
8,748.57
If an assess.ent was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will
reflect figures that include the total of ALL returns assessed to date.
ASSESSMENT OF TAX:
15. 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
18. Amount of Line 14 taxable at Collateral/Class B rate
19. Principal Tax Due
TAX CREDITS:
NOTE:
(IS)
(16)
(17)
(18)
.00
8,748.57
.00
.00
X 00
X 045 =
X 12 =
X 15 =
(19)=
.00
393.69
.00
.00
393.69
PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID
DATE NUMBER INTEREST/PEN PAID (-)
10-18'.2007 CD008825 .00 393.69
EXHIBIT TOTAL TAX CREDIT 393.69
I A BALANCE OF TAX DUE .00
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 Cl:'l:'lUJn ~I:'I:' Drurc(!ol:' ~Tnl:' nl:' TUTC' I:'nD" rno T....C'TDII,....TT,.".Ir>- ."
--.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
00650
Date of Birth
174202511
07062007
02191927
Decedent's Last Name
Suffix
Decedent's First Name
MI
KING
SR
WILLIAM
R
(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
1m 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) (Attach 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 DIRECTED TO:
Name Daytime Telephone Number
JAMES M ROBINSON 7172459688
Fiml Name (If Applicable)
TURO LAW OFFICES
REGISTER <;>F WILLS USe;ONL Y
_.J.
First line of address
28 SOUTH PITT STREET
Second line of address
CARLISLE
PA
ZIP Code
17013
DATEF,ILED
.")
City or Post Office
State
C)
u:::
Correspondent's e-mail address:
William R. King, Jr.
DATE.
10/1)707
DATE
James M Robinson
lb 1f7 Dl
17013
Side 1
L
15056041147
15056041147
~
-I
15056042148
REV-1500 EX
Decedenfs Name:
KING, WILLIAM ROBERT SR
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 Properly (Schedule E)................
6. Jointly Owned Properly (Schedule F) 0 Separate Billing Requested............. 6.
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Properly
(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/Sec 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 .00
1'6. Amount of Line 14laxable
at lineal rate X .045
17. Amount of Line 14 taxable
at sibling rate X .12
i.e. Amount of Line 14 taxable
at collateral rate X .15
8,748.57
19. Tax Due............... ........................................ .... ................ ..................................... ..... 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
Side 2
L
15056042148
15.
16.
17.
Decedent's Social Security Number
174202511
5.
17,696.07
17,696.07
5,808.25
3,139.25
8,947.50
8,748.57
8,748.57
393.69
18.
393.69
o
15056042148
---'
REV-1500 EX Page 3
Decedent's Complete Address:
DENT' NAME
King, William Robert Sr
STREET ADDRESS
161 Old Gap Road
File Number 21 - 07 . 00650
CITY
STATE
ZIP
Carlisle
PA
17013
Ta:x: Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1) 393.69
3. InterestfPenalty if applicable
D. Interest
E. Penalty
Total Credits (A + 8 + C)
(2)
0.00
TotallnterestfPenalty (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. Ilf 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 5 + 5A. This is the BALANCE DUE.
(3)
(4)
(5)
(5A)
(58)
0.00
393.69
393.69
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
Yes No
o [!]
o [!]
o [!]
o [!]
o [!]
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?........ 0 [!]
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.
1. Did decedent make a transfer and:
a. retain the use or income ofthe 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. 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.
*'
I
I
i
]
I
..~....
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
----L..----c:,...-----.--,..-----.
~E NUMBER
21 - 07 - 00650
ESTATE OF King, William Robert Sr
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.
VALUE AT DATE OF
DEATH
13,396.07
ITEM
NUMBER
_._-~..
1 Citizens Bank Acct. No. 610072-796-3
DESCRIPTION
2 1997 Chevrolet Blazer
4,300.00
TOTAL (Also enter on Line 5, Recapitulation)
17,696.07
.
SCHEDU...E H
FUNERAL EXPENSES &
ADMINISlRAllVE COSlS I
r .------------
FILE NUMBER
_______21 - 07 - 00650
COMMONWEALTH OF PENNS'ILVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF King, William Robert Sr
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER FUNERAL EXPENSES:
A. 1 Ewing Brothers Funeral Home, Inc.
DESCRIPTION
AMOUNT
4,415.94
2 Travel Expenses to Funeral
165.91
1.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
B.
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.
848.80
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
136.00
75.00
166.60
5. Accountant's Fees
6. Tax Return Preparer's Fees
7. Other Administrative Costs
1
TOTAL (Also enter on line 9, Recapitulation)
5,808.25
I
I
_i__~__~_________
j FILE NUMBER
21 - 07 - 00650
~-~--- ~-----
.
I
I
J
SCHEDULE I
DEBTS OF DECEDENT, MORTGAGE
LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF King, William Robert Sr
Include unreimbursed medical expenses.
ITEM DESCRIPTION
NUMBER AMOUNT
1 R & R Home Repair - to remove and destroy mobile home 2,099.93
2 Robin Sollenberger, Tax Collector - 2007-2008 Tax 16.69
3 PPL Electric Utilities 74.57
4 Embarq 66.30
5 Tractor Supply - Supplies for Removing Property from Mobile Home 25.84
6 Tater's Carlisle Radiator & Auto Repair - Repair Expense for Chevy Blazer 170.53
7 Cumberland Valley Welding - Inspection of Chevy Blazer 55.39
8 Ray Self Storage - Store Decedent's Personal Property 630.00
TOTAL (Also enter on Line 10, Recapitulation) 3,139.25
EXHIBIT "B"
GROSS ESTATE
$ 17,302.38
LIABILITIES
A. Ewing Brothers Funeral Home, Inc.
B. Funeral Travel Expenses
C. Turo Law Offices
D. Register of Wills
E. Cumberland Law Journal
F. The Sentinel - Legal
G. R & R Home Repair
H. Robin Sollenberger, Tax Collector
I. PPL Electric Utilities
J. Embarq
K. Tractor Supply
L. Tater's Carlisle Radiator & Auto Repair
M. Cumberland Valley Welding
N. Ray Self Storage
TOTAL LIABILITIES
$ 4,415.94
165.91
848.80
136.00
75.00
166.60
2,099.93
16.69
74.57
66.30
25.84
170.53
55.39
630.00
$ 8,947.50
$ 8,354.88
AMOUNT REMAINING TO BE DISTRIBUTED
DISTRIBUTIONS:
William R. King, Jr.
$ 8,354.88