HomeMy WebLinkAbout12-30-09 (2)r2 0 . u%
J 1505607121
REV-1500 EX (06-05) OFFICIAL USE ONLY
PA Department of Revenue
Bureau of Individual Taxes County Code Year File Number
PO BOX 280601 INHERITANCE TAX RETURN 2 1 0 9 0 0 9 8 3
Harrisburg PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
1 5 9 2 4 8 6 2 1 1 0 0 7 2 0 0 9 0 7 2 2 1 9 2 9
Decedent's Last Name Suffix Decedent's First Name MI
K I N G L E E V
(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
Q 1. Original Retum ~ 2. Supplemental Retum ~ 3, Remainder Retum (date of death
prior to 12-13-82)
4. Limited Estate ~ 4a. Future Interest Compromise (date of ~ 5. Federal Estate Tax Retum Required
death after 12-12-82)
QX 6. Decedent Died Testate ~ 7. Decedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust)
9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death ~ 11. Election to tax under Sec. 9113(A)
between 12-31-91 and 1-1-95) (Attach Sch. O)
CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED T0:
Name Daytime Telephone Number
I V O V O T T O I I I 7 1 7 2 4 3 3 3 4 1
Firm Name (If Applicable)
M A R T S O N
First line of address
1 0 E A S T
Second line of address
City or Post Office
C A R L I S L E
State ZIP Code
REGISTER OF WILLS USE ONLY
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Correspondent's e-mail address: I O T T O a1 M A R T S O N L A W• C O M
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 hays any knowledge.
SIGI~TU~ E OF PERSON RESPONSIBLE FOUR FILING RETURN _ BATE ~
521 ST
SIGNPyTU}iE
OTHER THAN REPRESENTATIVE
PA 170
a /O ~
ADDRESS
10 EAST HIGH STREET CARLISLE PA 17013
PLEASE USE ORIGINAL FORM ONLY
L A W O F F I C E S
H I G H S T R E E T
Side 1
1505607121 1505607121 J
1505607221
REV-1500 EX
Decedents Social Security Number
oecedeM's Name: LEE V• KING 1 5 9 2 4 8 6 2 1
RECAPITULATION
1. Real estate (Schedule A) ........................................ 1. 1 6 7 7 1 8. 0 0
2. Stocks and Bonds (Schedule B) .................................. 2. •
3. Closely Held Corporation, Partnership or Soie-Proprietorship (Schedule C) ..... 3.
4. Mortgages & Notes Receivable (Schedule D) ........................ 4.
5. Cash, Bank Deposits & Miscellaneous Personal Properly (Schedule E) ....... 5. 1 4 8 3 8 6 . 2 5
6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ....... 6.
7. Inter-vvos Transfers & Miscellaneous N Probate Property
arate Billin
Re
~ Se
uested
h
l
G
S
d
7 0 • 0 0
g
.......
p
q
e
)
(
c
e
u .
8. Total Gross Assets (total Lines 1-7) .....
...................... 8. 3 1 6 1 0 4. 2 5
.............
9. Funeral Expenses & Administrative Costs (Schedule H) ...
9. 2 5 5 4 4 • 1 3
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule 1) ..... ....... 10. 1 7 2 . 5 5
11. Total Deductions (total Lines 9 & 10) .................... ....... 11. 2 5 7 1 6 . 6 8
12. Net Value of Estate (Line 8 minus Line 11) .................. ....... 12. 2 9 0 3 8 7 . 5 7
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. 2 9 0 3 8 7. 5 7
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.00 0. 0 0 15. 0. 0 0
16. Amount of Line 14 taxable
0
0
0
0
0
0
.
at lineal rate X .045 16. .
17. Amount of Line 14 taxable 2 9 0 3 8 7. 5 7 17 3 4 8 4 6. 5 1
at sibling rate X .12 .
18. Amount of Line 14 taxable
0
0
0
0
0
0
.
at collateral rate X .15 1 g, .
19. Tax Due ......................................... ....... 19. 3 4 8 4 6. 5 1
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ^
Side 2
1505607221 1505607221
REV-1500 EX Page 3
Decedent's Complete Address:
File Number
21 09 00983
DECEDENT'S NAME
LEE V. KING
STREET ADDRESS
703 FORGE ROAD
CITY
CARLISLE STATE
PA ZIP
17015
Tax Payments and Credits:
~ • Tax Due (Page 2 Line 19) (1) 34,846.51
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount 1,742.33
Total Credits (A + B + C) (2) 1,742.33
3. InteresUPenalty if applicable
D. Interest
E. Penalty
Total InteresUPenalty (D + E )
4. If line 2 is greater than Line 1 + one 3, enter the difference. This is the OVERPAYMENT.
Fill in oval 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.
(3) 0.00
(4) 0.00
(5) 33,104.18
(5A)
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (56) 33,104.18
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
b. retain the right to designate who shall use the property transfened or its income; ............................... X
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? .......................................................................................
3. Did decedent own an 'intrust for' or payable upon death bank acxount 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 benefiaary 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.
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. §9116 (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. §9116 (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. §9116(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. §9116(1.2) [72 P.S. §9116(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. §9116(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-1502 EX + (6-98)
SCHEDULE A
COMMONWEALTH OF PENNSYLVANIA REAL ESTATE
INHERITANCE TAX RETURN
RESIDENT DECEDENT
FILE NUMBER
LEE V. KING 21 09 00983
All real property owned solely or as a tenant in common must be reported at felt market value. Fair market value is defined as the price at which property would be
exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts.
Real nrooerty which Is fointly-owned with right of survivonthip must be discbsed on Schedule F. _
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. Residence at 703 Forge Road, Cazlisle, South Middleton Township, containing 2.60 acres, and 141,359.00
being described in Deed dated 4/28/65, recorded in Cumberland County, PA, Deed Book "O",
Vol. 21, Page 500; parcel No. 40-10-0636-010. Assessed value is 112,190 x CLR of 1.26
2. Mountain land containing 13.72 acres situate in Lower Frankford Twp., Cumberland County, 26,359.00
being described in Deed dated 7/3/78, recorded in Cumberland County, PA, Deed Book "W",
Vol. 27, Page 951; pazcel No. 14-04-0383-045A. Assessed value is 20920 x CLR of 1.26
TOTAL (Also enter on line 1,
(If more space is needed, insert additional sheets of the same size)
__ _ _ _ _ _
REV-7508 EX + (6-98)
SCHEDULE E
COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC.
INHERITANCE TAX RETURN PERSONAL PROPERTY
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
LEE V. KING 21 09 00983
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property Jol -owned with rl M of survlvorshlp must be dlaclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
t. Citizens Bank, Checking #610073-466-8 24,674.67
2 Citizens Bank, C.D. #6140-728258 95,023.43
3 Citizens Bank, C.D. #6244-693235
4 Prudential, 10/ 10/09 annuity payment (annuity paid in full)
5 Royal Neighbors, Medigap insurance, premium refund
6 CenturyLink, refund
7 1987 Chevrolet Caprice, fair condition
8 1985 Dodge D150 half ton pick-up, fair condition
9 1970 Oliver tractor, fair condition
10 Household furnishings and tools, poor to fair condition
11 1947 Indian motorcycle mentioned in Item 2 of Will was disposed of several years prior to death
TOTAL (Also enter on line 5, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
22,652.83
170.18
1,443.51
21.63
800.00
1,500.00
600.00
1,500.00
0.00
1
REV-1510 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
ESTATE OF
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
FILE NUMBER
LEE V. KING 21 09 00983
This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV•1500 COVER SHEET is yes.
ITEM
NUMBER DESCRIPTION OF PROPERTY
~NCLUpETHENAME0F7HE7RANSFEREE,THEIRREUTgNSHIPTODECEOENTAND
THE~ATEOFTRANSFER.ATTACFiACOPYOFTHEDEEDroRREKESTATE.
DATE OF DEATH
VALUE OF ASSET
%OFDECD'S
INTEREST
EXCLUSION
nF~PPUC~EI
TAXABLE
VALUE
1. Prudential Annuity #A2015444, paid in full (see letter attached) 0.00 100. 0.00
TOTAL (Also enter online 7 Recapitulation) ~ S 0.00
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX + (10-06)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF FILE NUMBER
LEE V. KING 21 09 00983
Debts of decedent must be reported on Sctredule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1. Ewing Brothers Funeral Home, Carlisle, PA 10,890.04
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative (s)
Street Address
City State Zip
Year(s) Commission Paid:
2. Attorney Fees Manson Law Offices (estimated) 13,000.00
3, Family F~cemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
City State Zip
Relationship of Claimant to Decedent
4. Probate Fees Register of Wills of Cumberland County, PA 310.00
5 Acxountant's Fees
6. Tax Return Preparer's Fees
7. Certified Mail 5.54
8 Register of Wills, filing fee, Inheritance Tax Return 15.00
9 Register of Wills, additional probate fee 50.00
10 Deed copies 1.00
11 Cumberland Law Journal, advertising Estate Notice 75.00
12 The Sentinel, advertising Estate Notice 198.16
13 Kough's Oil Service, fuel oil pending estate administration 299.39
14 Met-Ed, electric service pending estate administration 200.00
15 Reserved for additional filing/probate/property expenses 500.00
TOTAL (Also enter on line 9, Recapitulation) S 25,544.13
(If more space is needed, insert additional sheets of the same size)
REV-1512 EX + (12-03)
SCHEDULE I
COMMONWEALTH OF PENNSYLVANIA DEBTS OF DECEDENT,
INHERITANCE TAX RETURN MORTGAGE LIABILITIES, & LIENS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
LEE V. KING 21 09 00983
Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. South Middleton Township Municipal Authority, 7/1-9/30/09, account payable 101.00
2 Met-Ed, 9/16-10/14/09, account payable
3 ~ Yellow Breeches EMC, outstanding check on date of death
31.55
40.00
TOTAL (Also enter on line 10, Recapitulation) I S 172.55
(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 FILE NUMBER
LEE V. KING 21 09 00983
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 o ht spousal distributions, and transfers under
Sec. 9116~(a~ (1.2)1
1. Edward H. King Sibling 290,387.57
521 Stone Church Road
Carlisle, PA 17015
II.
1
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIA'
NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
I B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1.
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET
(If more space is needed, insert additional sheets of the same size)
REV-1500 COVER SHEET
a
F~.\FILES\DATAFILE\Estate PlanningU 102-I.will.2
LAST WILL AND TESTAMENT
I, LEE V. KING, of South Middleton Township, Cumberland County, Pennsylvania,
being of sound and disposing mind and memory, do hereby make, publish and declare this to be
my Last Will and Testament, hereby revoking any and all former Wills or Codicils by me made.
1.
I direct that all my legally enforceable debts, funeral expenses, testamentary expenses and
all inheritance taxes (whether such taxes may be payable by my estate or by any recipient of any
property) shall be paid from my residuary estate as soon as practicable after my decease and as
part of the administration of my estate. My Executor shall have no duty or obligation to obtain
reimbursement for any such tax so paid, even though on proceeds of insurance or other property
not passing under this Will.
2.
I give my 1947 Indian motorcycle to Robin Markey, of Etters, Pennsylvania.
3.
I give, devise and bequeath all the rest, residue and remainder of my estate, both real and
personal property to my brother, EDWARD H. KING, absolutely.
4.
I nominate, constitute and appoint my brother, EDWARD H. KING, as Executor of my
estate. If he is unwilling or unable to serve, then I nominate, constitute and appoint my nephew,
ROBERT E. KING, to serve in such capacity.
5.
I direct that my Executor shall not be required to file a bond to secure the faithful
performance of his duties in any jurisdiction.
6.
I authorize and empower my Executor, or his successor, in his sole and absolute
discretion, to purchase or otherwise acquire and retain any investments of which I die seized or
any real or personal property of any nature; to sell, lease, pledge, mortgage, transfer, exchange,
~~
[Initials]
Page 1 of 3 Pages
a
dispose of or grant options in regard to any or all property of any kind forming a part of my
estate for such terms and such prices as he may deem advisable; to borrow money for any
purposes connected with the protection and preservation of my estate; to mortgage or pledge any
real or personal property forming a part of my estate or to join in or secure the partition of same;
to compromise any claims or demands of my estate against others or of others against my estate;
to make distribution in kind and to cause any share to be composed of cash, property or
undivided fractional shares in property different in kind from any other share; to employ agents,
attorneys and proxies and to delegate to them such power as my Executor, or his successor,
consider desirable and to pay reasonable compensation for such services as may be rendered by
such agents, attorneys and proxies; and to execute and deliver such instruments as may be
necessary to carry out any of these powers. In addition, I direct that my Executor, or his
successor, shall have the power to conduct an inventory of any safe deposit box necessary to the
administration of my estate.
IN WITNESS WHEREOF I have hereunto set my hand and seal this ~~~ day of
2003.
(SEAL)
SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testator, as and
for his Last Will and Testament, in the presence of us, who at his request, have hereunto subscribed
our names as witnesses thereto, in the presence of the said Testator and of each other.
Page 2 of 3 Pages
a
COMMONWEALTH OF PENNSYLVANIA )
SS.
COUNTY OF CUMBERLAND )
We, Lee V. King, No V. Otto III, and V ~ (~ ~ ~"[ ~ ~,. ~ -~ ,the
Testator and the witnesses, respectively, whose names are signed to the foregoing instrument, being
first duly sworn, do hereby declare to the undersigned authority that the Testator signed and executed
the instrument as his last Will and that the Testator has signed willingly, and that the Testator
executed it as his free and voluntary act for the purposes therein expressed, and that each of the
witnesses, in the presence and hearing of the Testator, signed the Will as a witness and that to the
best ofhis/her knowledge the Testator was at that time eighteen years of age or older, of sound mind
and under no constraint or undue influence.
Subscribed, sworn to and acknowledged before 'me/ by Lee V. King, the Testator, and
subscribed and sworn to before me by No V. Otto III and V / (' ~D /` l Gc ~, . ~rj ,the
witnesses, this !3~"day of ~~ , 2003.
~~~
Public
NOTAR~,~ '~=~L
CORRiNE L MYER,: ': ~~~+ Pubic
Carksle Bore, Cum~•~ ~~:ounty
iv Commission Ezoirr~~ '~?. 2
CORRlNE ~. MYERS,~NoU Public
CarGsfe Boro. Cumberianld~ unN
I .Commission Expires Mau ~~ ~hn
Page 3 of 3 Pages
Witness
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Witness