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HomeMy WebLinkAbout03-23-10~ o ~ r- u~ N Qf o 0 N -'~ • N N W ~Q ~ I ~~}~a fV t1i ~ o ~ ~~ ~~ ~o ~ ~ N r- Cf L11 s~~~~n o o ssd~~ lsai~ m m 0 o O O O _ ~1 O O [`~- .~ fA O~ F-~ 3 g '~ U a ~~ ~ L.~ W Z ll ~ ~ 1--~ CJ lf~ CJ t~ .~ CA ..`,., rU r~ ~n '~ 9 .~ 0 U v 0 0 (..-j l~~il~ ~3r1~1 ~r;~~ ,~ ~.~% i ! .. w ~ l4. ~ O Ow U ~ 00 z °' `~-~O~o ~U~~ wZ~~ Q ~ ~ ~ wwOE~n ~c~aU~ w~Z~ ~ U O U PLEASE REPLY TO: Mechanicsburg WRITER'S E- MAIL: dyoheQldylaw.com LATSHA DAMS YOHE & McKENrrA, P. C. ATTORNEYS AT LAW March 22, 2010 Via Certified Mail, return Receipt Requested Register of Wills Cumberland County Courthouse One Courthouse Square Carlisle, PA 17013-3387 Re: Estate of Teannette W. Kennedy File No.: 2109-0880 Date of Death: June 22, 2009 Our File No.: 878-09 Dear Clerk: ra .. ,~,,, O C 7 _.'. _, ' _ .. .. ~ ~ ~ 1 ~y,~ ,,; :, c.a _ _..__ --' ... --.~ ', ~ :v o _-- , Enclosed for filing please find an original and one copy of the Inheritance Tax Return Resident Decedent (REV-1500) on behalf of the Estate of Jeannette W. Kennedy and our check in the amount of $15.00 representing the filing fee. Please contact our office with any questions you may have regarding this filing. Sincerely, Douglas C. Yohe Enclosures cc: Suzanne E. Reese 1700 Bent Creek Boulevard, Suite 140 • Mechanicsburg, PA 17050 • (717) 620-2424 • FAX (717) 620-2444 350 Eagleview Boulevard, Suite 100 • Exton, PA 19341 • (610) 524-8454 • FAX (610) 524-9383 3000 Atrium Way, Suite 251 • Mt. Laurel, NJ 08054 • (856) 231-5351 • FAX (856) 231-5341 Maryland Telephone: (410) 727-2810 136545 15056051058 REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue Count Code Year File Number Bureau of Individual Taxes INHERITANCE TAX RETURN y PO BOX 280601 21 09 0880 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 147-20-0863 06/22/2009 09/17/1908 Decedent's Last Name Suffix Decedent's First Name MI Kennedy Jeannette W (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 °`~:: 1. Original Return m., 2. Supplemental Return `... 3. Remainder Return (date of death prior to 12-13-82) 4. Limited Estate 4a. Future Interest Compromise (date of 5. Federal Estate Tax Return Required death after 12-12-82) _:";... 6. Decedent Died Testate _..._. 7. Decedent Maintained a Living Trust 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) .w-.. 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 Douglas C. Yohe, Esq. (717) 620-2424 Firm Name (If Applicable) _ ,_ . REGISTER OF 1~LS 1 . 1SE ONLYc=.a , L J . Latsha Davis Yohe ~ ~ ~ ~' !. First line of address ~ ~ ~~L ~ ~O ~~ 1700 Bent Creek Bvd ~, r~ w ~ .' ~ ~ _v ~ ~ t , Second line of address _.. - ~ -~ Suite 140 `~-''~z~ ~. ~ ...~ ;- _, - City or Post Oftice } , t --~ .. State ZIP Code DATE.ED ~ t- ~ ~ ~~ .t Mechanicsburg PA 17050 Correspondent's a-mail address: dyOhe@IdylaW.COm 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, orrect and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNA RE~C 6~PERSO~f R~F BA~ISIBLE FOR FILING RETURN DATE wvr~ 781 plar Church Road, Camp Hill, PA 17011 ~ „~/~ LaI~ F PRE REAR- OTHE_ R THAN REPRESENTATNE DATE ADDRESS `.. w/~_"- 2L Lbw - 1700 Bent Creek Boulevard, Suite 140, Mechanicsburg, PA 17050 PLEASE USE ORIGINAL FORM ONLY Side 1 15056051058 15056051058 J 15056052059 REV-1500 EX Decedent's Name: Jeannette W Kennedy Decedent's Social Security Number 147-20-0863 CATION _.~ w_....~..._~..~._......... 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 BequestslSec 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 _..~.,.w, ,,....... .,...._....W.._. 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .0 - 15. 16. Amount of Line 14 taxable at lineal rate X .0 _ 16. 17. Amount of Line 14 taxable at sibling rate X .12 17 18. Amount of Line 14 taxable at collateral rate X .15 331,015.11 18 19. TAX DUE ......................................................... 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 1,100.00 335,617.54 336,717.54 5,578.99 123.44 5,702.43 331,015.11 331,015.11 49,652.27 49,652.27 *= 15056052059 Side 2 15056052059 J REV-1500 EX Page 3 File Number Decedent's Complete Address: 21 09 .:.0880 DECEDENT'S NAME DECEDENT'S SOCIAL SECURITY NUMBER Jeannette W Kennedy 147-20-0863 STREET ADDRESS c/o Suzanne Reese 5225 Wilson Lane, Apt. 4117 CITY STATE ZIP Mechanicsburg PA 17055 Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) (1) 49,652.27 2. CreditslPayments A. Spousal Poverty Credit B. Prior Payments 47,500.00 C. Discount 2,375.00 Total Credits (A + 6 + C) (2) 49, 875.00 3. InteresUPenalty if applicable D. Interest E. Penalty Total InteresUPenalty (D + E) (3) 0.00 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) 222.73 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. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (56) 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 :.......................................................................................... ^ 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? .............................................................................................................. 3. Did decedent own an "intrust for" or payable upon death bank account or security at his or her death? .............. ^ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ........................................................................................................................ ^ 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)J. The statute does not exem.Rt 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 Juty 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)J. 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-1508 EX+ (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT pECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF FILE NUMBER Jeannette W. Kennedy 2109-0880 Include the proceeds of litigation and the date the proceeds were received by the estate. Ail property jointly-owned with right of survivorship must be disclosed on Schedule F_ ~~~ ~~~~~~ ~Na~~ ~~ ~~~~uC~, nsen aaamonai sneers of the same size) REV-1509 EX+ (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDVLE F JOINTLY-OWNED PROPERTY ESTATE OF FILE NUMBER Jeannette W. Kennedy 2109-0880 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' Suzanne E. Reese 781 Popular Church Road Niece Camp Hil, PA 17011 B' Kent J. Reese 781 Popular Church Road Husband of Niece Camp Hil, PA 17011 C. JOINTL Y-OWNED PROPERT Y: LETTER DATE ITEM FOR JOINT MADE DESCRIPTION OF PROPERTY INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR % OF DATE OF DEATH NUMBER TENANT JOINT IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE DATE OF DEATH DECD'S VALUE OF 1 A . VALUE OF ASSET INTEREST DECEDENT'S INTERESI ~ . ~ M&T Ba k Ch ki A 07/21/94 n ; ec ng ccount No. 147-20-0863 S3 15,161.22 33 5,053.74 2 A. 07/21/94 Wachovia Bank, N.A. Bank Checking Account 1,134.96 50 567.48 3 A 07/21/94 Smith Barney Account No. 724-18327-11-790 659,992.64 50 329,996.32 TOTAL (Also enter on line 6, Recapitulation) I a 335,617.54 (If more space Is needed, Insert addltlonal sheets of the same size) . , REV-15].1 EX+ (10-09) :{ ~~ 1. pennsylvarna DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS ~~ ~ A i r ur FILE NUMBER Jeannette W. Smith 2109-0880 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A• FUNERAL EXPENSES: 1. B. 1 Flowers 267.65 Meal for Funeral 282.34 Minister 200.00 Headstone for Grave 1,929.00 ADMINISTRATIVE COSTS: Personal Representative Commissions: Name(s) of Personal Representative(s) Street Address City State ZIP Year(s) Commission Paid: z ~ Attorney Fees; 2, 800.00 3• Family Exemption; (If decedent's address is not the same as claimant's, attach explanation.) Claimant Street Address T---A Gty State ZIP Relationship of Claimant to Decedent 4• Probate Fees; 5• Accountant Fees; 6• Taz Return Preparer Fees; ~• Tax Preparer Fee for 2009 Income Taxes 100.00 TOTAL (Also enter on Line 9, Recapitulation} I $ 5,578.99 If more space is needed, use additional sheets of paper of the same size. REV-1512 EX+ (12-08) ~ ~``` Pennsylvania SCHEDULE I DEPARTMENT OF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES & LIENS RESIDENT DECEDENT ESTATE of _ FILE NUMBER Jeannette W. Kennedy 2109 0880 Report debts incurred by the decedent prior to death that remained unsaid at the date et death_ h~I~~~h~ ~...,.e;m~....~ea _..~:__~ _________ -~ ••~~•~ +Y"~~ ~+ ~~ccucu~ ~~~7cit ou~~~,~„tl, sneers Dr Lne same size.