HomeMy WebLinkAbout04-21-101505607121
REV-1500 EX (06-05) OFFICIAL USE ONLY
PA Department of Revenue
Bureau of Individual Taxes County Code Year File Number
Po sox28o6o1 INHERITANCE TAX RETURN 2 1 0 8 0 1 0 8 0
Harrisburo PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
D 9 2 0 2 D 0 8 0 9 0 8 1 9 3 8
Decedent's Last Name Suffix Decedent's First Name MI
R U S S E L L S R M A R L I N E
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name
Spouse's Social Security Number
FILL IN APPROPRU\TE OVALS BELOW
® 1. Original Retum ^
^ 4. Limited Estate ^
® 6. Decedent Died Testate ^
(Attach Copy of Will)
^ 9. Litigation Proceeds Received ^
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
2. Supplemental Retum ^
4a. Future Interest Compromise (date of ^
death after 12-12-82)
7. Decedent Maintained a Living Trust
(Attach Copy of Trust)
10. Spousal Poverty Credit (date of death ^
between 12-31-91 and 1-1-95)
CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDS
Name
M A R C U S A M c K N I G H T,
Firm Name (If Applicable)
AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED iU:
Daytime Telephone Number
I I I 7 1 7 2 4 9 2~3 5 3
I R W I N & M c K N I G H T P C
First line of address
6 0 W E S T
Second line of address
City or Post Office
C A R L I S L E
P O M F R E T S T R E E T
State ZIP Code
MI
3. Remainder Retum (date of death
prior to 12-13-82)
5. Federal Estate Tax Retum Required
8. Total Number of Safe Deposit Boxes
11. Election to tax under Sec. 9113(A)
(Attach Sch. O)
~-- ter,
WILLS U
REGIST 9~ONLY x.,~
_~
~ q.. r
~
~ .
rn ~ ,
;~> 3_i -- ~
;~Q~ ~ "'
_
-+ ~ • '7
~
IfiRTE FILED ...
P A 1 7 0 1 3
i
.,
:>
;i
Corespondent'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, coned and complete. Dedaretion of preparer other than the personal representa4ve is based on all information of which preparer has any knowledge.
SIGNAT~JOF RSON RESPONSIBt~FOR FILING F~7RN DATE
ADDRESS
322 BOLT N V NU CARLISLE PA 17 13
SIGNATURE OF P A R RESENTATIVE DAT
60 WEST POMFRET STREET CARLISLE PA 17013
PLEASE USE ORIGINAL FORM ONLY
L 1505607121
Side 1
1505607121
J
1505607221
REV-1500 EX
Df:cedent's Social Security Number
Decedent's Name: MARLIN E• RUSSELL ~ 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 Property (Schedule E) ..... .. 5. 2 3 0 3 7 5 0 • 0 0
6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ..... .. 6.
7. Inter-Vivos Transfers & Miscellaneous N n-Probate Property
(Schedule G) ~ Separate Billing Requested ..... .. 7.
8. Total Gross Assets (total Lines 1-7) ......................... .. 8. 2 3 0 3 7 5 0• 0 0
9. Funeral Expenses & Administrative Costs (Schedule H)
..........
...... 9. 7 0 2 8 0 . 5 7
10. Debts of Decedent, Mortgage Liabilities, 8 Liens (Schedule I) ...... ...... 10.
11. Total Deductions (total Lines 9 & 10) ..................... ...... 11. 7 0 2 8 0 . $ 7
12. Net Value of Estate (Line 8 minus Line 11) ................... ...... 12. 2 2 3 3 4 6 9 . 4 3
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. 2 2 3 3 4 6 9 . 4 3
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.o _ 2 2 3 3 4 6 9. 4 3 15.
16. Amount of Line 14 taxable
at lineal rate X .0 _ 0 0 0 16.
17. Amount of Line 14 taxable
at sibling rate X .12 0 0 0 17,
18. Amount of Line 14 taxable
at collateral rate X .15 0 0 0 1 g
19. Tax Due ........... .....
...................... ... ..... ..19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
Side 2
1505607221
1505607221
0. 0 0
0.
0
0. 0 0
REV-1500 EX Page 3
ne~erlont'c ('_mm~lptp Orlclrpcc~
File Number
21 08 01080
DECEDENTS NAME
MARLIN E. RUSSELL SR.
STREET ADDRESS
322 BOLTON AVENUE
CITY
CARLISLE STATE
PA ZIP
17013
Tax Payments and Credits:
1. Tax Due (Page 2 Line 19) (1) 0.00
2. Credits/Payments
A, Spousal Poverty Credit
B. Prior Payments
C. Discount
Total Credits (A + B + C) (2) 0.00
3. InteresUPenalty if applicable
D. Interest
E. Penalty
Total Interest/Penalty (D + E )
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.
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) 0.00
(5A)
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 0.00
Make Check Payable fo: 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)]. The statute does not exemot 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-1508 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
ESTATE OF
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
FILE NUMBER
MARLIN E. RUSSELL SR. 21 08 01080
Indude 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.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. SURVIVAL ACTION DAMAGE -SETTLEMENT STATEMENT ATTACHED 2,303,750.00
TOTAL (Also enter on line 5, Recapitulation) ~ S
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX + (10-06)
SCHEDULE H
COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES 8r
INHERITANCE TAX RETURN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
MARLIN E. RUSSELL SR. 21 08 01080
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1.
B.
1
2.
3.
4.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative (s)
Street Address
City
Year(s) Commissbn Paid:
State Zip
Attorney Fees IRWIN & McKNIGHT, P.C. -PROBATE
Famiry Exemption: (If decedents address is not the same as claimants, attach explanation)
Claimant
Street Address
City State Zip
Relationship of Claimant to Decedent -
Probate Fees REGISTER OF WILLS
5 Accountants Fees
6. Tax Return Prepan:r's Fees
7. REGISTER OF WILLS -FILING FEE
8. DeLUCA & NEMEROFF, LLP -LITIGATION
750.00
69.50
15.00
69,446.07
TOTAL (Also enter on line 9, Recapitulation) I ;
(If more space is needed, insert addfional sheets of the same size)
REV-1513 EX + (9-00)
SCHEDULE J
COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
FILE
MARLIN E. RUSSELL SR. ~~ uu u luau
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 outright sppoousal distributions, and transfers under
Sec. 9116 (a) (1.2)]
1. VIRGINIA RUSSELL Spousal 2,233,469.43
322 BOLTON AVENUE REMAINDER
CARLISLE, PA 17013
ENTER DOLLAR AMOUNTS FOR D-STRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II, NON-TAXABLE DISTRIBUTIONS:
1. A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAXIS NOT BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1.
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET E
(If more space is needed, insert additional sheets of the same size)
~ ~ °o o o °o o °o 0 0 0
W z
~ ,
O
O
O ,
O
O ,
O
~
O
~
J
~ `~ Q O O O O O O N O 1
W
O ~ F ~ ~ N ~ e ~- N N N M
tWil O
E
A E
A E
f? E
A G
9 b
9 E
,9 E
A 6
9 6
9 E
fl E
f>
~ E
A E
f?
I r
A
°o °o °o °o O O O o
z _ ,
0 ,
0 ,
0 ,
0 0 o c o
C W ~~
' o °o °o °o °o o °o °o
a r
_~
; ti N 0 ~ 0 O ~
~ ~ ~ N
W f,~.
N EA E A d9 E A Ef3 69 EA 69 E9 f !> E A EA Ef? 69 E A ~?
y O O O
~
~
~
i O
0
~
i O
C
c
N O O O ~ i i ~ ~
C O O O O O
O 's
~
~
~
Q N ~
a ~ c~ ~ ~ ya ~ ~r ~ cfl ~ ~ ~ ~ ~ ~ erg
O 0
o
~
~ 0
~ ~ ~ ~ ~ o ~ ~ ~ ~ ~ ~ ~ ~ c
N
°
O 0
o
C O O
C O
r
r
Q
a
~ ~ o
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 0
N O O O
c
~ O N M
Q
a
cs~ ~ ~ ~ ~ ~ y~ ~s ~ ~ ~ ~s ~ ~ ~ ~
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
c , 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
.
c o 0 0 0 0 0 0 0 0 o o o o ~n o 0
£ ~ O O O O O O O O O O O O O N O P
m ~ ~ f j l ri 0 0 0 0 0 0 0 N O O O C O O M
Q I~ N O ~ O ~ O N O I~ ~ O O N 1~ O
N N ~ r ~ r N ~- ~ N N ~ N M
N
Efl 69 to EA 69 d4 E9 EA d4 69 69 EA EA E+9 Efl to
'd
Z
c
C c0
~
~
~
N
~
w
~
y
a~
~ ~ ~ a ~ .o -
'> }.
W ~ a ~ w a J ~ °~ c c m ~
U ~ N ~ ( ~ C
O L
V ~ ~
3 `
y U
° N
c N
~ p y
` ~ ~
~ /~
y ~
~ ~
Q u
~
~ } L
° N
U ~ Ii U C~ U ~ ~ 0 ~ -
~
r N M ~ 1A ~O P 00 0~ O r N M '~ t~!
I
1
I
r
r
r
r
r
r
H
Z
W C
~
V '`~
T.
R
s;" ~
' fA
;~
rage i of ~
Karen Noel
From: Scott Marshall [smarshall@delucanemeroff.com]
Sent: Thursday, April 08, 201011:42 AM
To: Karen Noel
Subject: FW: Russell Case Expenses
In the event you need expense information for Russell see below.
Scott
From: Aaron DeLuca
Sent: Thursday, April 08, 2010 9:53 AM
To: Scott Marshall
Subject: Russell Case Expenses '
total settlements to date: $2,303,750.00
total case expenses: $69,446.07 (3%)
total expenses recovered: $51,521.11
Total outstanding: $17,924.96
let me know if you have any other questions.
obviously we are working on other settlements and there may be minimal other expenses.
Aaron J. DeLuca
+~: L1hA~r~C~ LF~~i~t7~ F$~.12'~ha~C~'ya~aP
DeLuca 8 Nemeroff, LLP
21021 Springbrook Plaza Drive
Suite 150
Spring, TX 77379
281.378.5970 -phone
281.378.5976 -fax
866.435.1831 -toll free
713.309.5947 -cell
adeluca cCD.delucanemeroff.com
4/8/2010