HomeMy WebLinkAbout06-17-08DALE F. SHUGHART, JR.
ATTORNEY AT LAW
10 WEST HIGH STREET
CARLISLE, PENNSYLVANIA 17013
Telephone (717) 241-4311
Facsimile (717) 241-4021
OF COUNSEL
HAMILTON C. DAMS
June 17, 2008
Hand Deliver
Pennsylvania Department of Revenue
C/o Register of Wills, Agent
Cumberland County Courthouse
One Courthouse Square
Carlisle, PA 17013
RE: Dorothy M. Musico, deceased
Estate No. 21-08-0652
Date of Death: March 20, 2008
Ladies and Gentlemen:
LEGAL ASSISTANT
BONNIE L. COYLE
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I am the attorney for Carol A. Esing, Executor of the Estate of
Dorothy M. Musico.
This letter is being submitted with the Pennsylvania Inheritance
Tax Return and various payments to make payment in full of all
taxes due and owing based upon the Return, at the discount rate.
It is intended that this letter should become attached to and a
part of the Inheritance Tax Return.
Tendered to the Register of Wills, Agent, with the Return are
the following checks:
1. Carol A. Esing, PSECU check #1148 in the amount of
$2,821.50, representing taxes on all cash gifts made
within a year of the date of death as reported on Schedule
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DALE F. SHUGHART, JR
June 17, 2008
Page 2
2. William J. Musico, USAA Federal Savings Bank check #5085
in the amount of $11,974.23 representing payment of all
taxes on all assets passing to him by beneficiary
designation as set forth on Schedule "G".
3. Merrill Lynch, Check #00240-04167 in the amount of
$16,504.59 representing payment of taxes on all assets
passing to Laurie Musico by beneficiary designation and
transfer of account ownership within a year of date of
death asset from Schedule "G". Due to initial
miscalculation of the amount of taxes due, this check is
$232.52 in excess of the actual amount owed by Ms. Musico.
However, this over payment has been adjusted between Ms.
Musico and her sister, Ms. Esing, as set forth below.
4. Carol A. Esing's PSECU check #1152 in the amount of
$19,569.44 representing payment of all taxes owed for
assets listed in Schedules "E", "F'", assets passing to Ms.
Esing by beneficiary designation transferred by account
ownership within a year of the date of death as set forth
on Schedule "G". This check is $232.52 less than the
amount owed by Ms. Esing, but she has reimbursed that
amount directly to Ms. Musico to correct her over payment.
5. Jennifer Stoner's Orrstown Bank check #131 in the amount
of $4,497.91 representing taxes on assets passing to her
by beneficiary designation as set forth on Schedule "G".
6. Sarah Stoner's Orrstown Bank check #134 in the amount of
$4,497.91 representing taxes on assets passing to her by
beneficiary designation as set forth on Schedule "G".
The total amount tendered by virtue of these checks is
$59,865.58, which is adjusted for the discount makes a total
DALE F. SHUGHART, JR
June 17, 2008
Page 3
payment and credit in the amount of $63,016.40. A Ledger of the
calculations is also attached.
If you have any questions, please advise me.
Very truly yours,
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Dale F. Shughart, Jr.
DFS,JR/bc
Enclosures
Cc Carol A. Esing
Laurie A. Musico
William J. Musico
Jennifer L. Stoner
Sarah C. Stoner
DOROTHY MUSICO
LEDGER OF NET INHERITANCE TAXES OWED
AMOUNTS OWED:
JEN STONER 4,497.91
"SARAH STONER 4,497.91
LAURIE MUSICO 16,272.07
BILL MUSICO 11,974.23
SUBTOTAL - 37,242.12
CAROL ESING
Gifts 2,821.50
Brokerage Account and Annuities 11,974.23
Members 1St IRA 2, 650. O1
Citizens Bank
1,623.85
Schedule "F"
2,665.53
Schedule "E"
39,435.30 888.34
-16,245.10 - Schedule "H"
- 2,410.36 - Schedule "I"
20,779.84
x .045
935.04
- 46.75
888.34
Owed by Carol 22,623.46
Net total owed 59,865.59
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Received credit for 63,U16.4U
Carol's Payments
2,821.50 - Gifts
888.34 - Schedule "E"
18,913.62 - Schedule "F" and "G"
22,623.47
232.52 - Total overpaid by Laurie
22,390.95 - Total owed to Register of Wills, Agent
Carol's checks
Register of Wills, Agent (Gifts) 2,821.50
Register of Wills, Agent (all others) 19,569.44
Laurie Musico (overpayment) 232.52
22,623.46