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HomeMy WebLinkAbout06-25-10t#3 1. Original Return C3 2. Supplemental Return CO 3. Remainder Return (date of death prior to 12-13-82) ~ 4. Limited Estate C~ 4a. Future Interest Compromise (date of C~ 5. Federal Estato~ Tax Return Required death after 12-12-82) t~ 6. Decedent Died Testate C~ 7. Decedent Maintained a Living Trust $. Total Number of Safe DeposN Boxes (Attach Copy of vwlq (Attach Copy of Trust) C~ 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) ~ + , .. Gt?RI~SPOkiDENT -Tills SECTION MUST BE COMPLETED. ALL CORRE8PONDENCE AND CONFiDENTiAL TAX INFORMATION SHOULD BE DtitECTED TO: Name Daytime Te~phone Number ~. _., ~Andnew C. Sheely, Esquire .... _..,._._ .... .......... ..._..._....M._.~........ ....._...~. ,._....,....,.,....~.... M~,...~~..~......~...M~....~.. .,._._M.._...,..,.._.._.M....,....,.._.........._......,_.•....._M~....,.M.....~.,.,m,...,...,~, ~ 717-697-7050 __..., .,.... ~ ...._ ..._1 .....w.~ .,»_.._.~~..~._~.___~ .w......... __.._ _. Firm Name Andrew C. Sheely, Attorney at Law P.O. Box 95 City or Post Office State ZIP Code Mechanicsburg PA 17055 _ _ . ..... ........_._......_ ..............................................._. ...................... ~.~.....~__.n.~... correspondents e-mail address: andrewc.sheely(~vetizon.net t~ . ~ ~ i ~~` .A... ~.~ U~ psr~al8es ~ pe~+ry, l dire thst i have examined this rotum, inducting aocompenyinQ schedules and ~, end bo the test of my knowledDe and belief, ~s ~, correct and carr~iete. Oer~ratiorr of preparer ottrer than the personal representative is tatted on all mtorrrration of rNhk~'r pr+epgFar has any knowledge. OF Paula~~SJJ. Wise,315 E.Atlen St.,Mechanicsburg,PA 17055/Frank S: SIGNA~tJRE OF PREPARER OTHEB.~N1N REPRESENTATIVE ,4184 CoveCt.Apt.106,Mech.PA17050 ~1PrrlriRCR • ~ ~ v Andrew C. Sheely, Esquire, 127 th Market Street, P.O. Box 95, Mechanicsburg, PA 1 PILEASE USE ORiGINA1. FORM ONLY Side 1 isos6osiosg REGISTER OF WILLS USEQ~LY ~z ~a ac ~ --~ ~~ ~ATt~LED ~ ..... (~ATF ~Y ~ isos6osioss J REV 1500 EX Page 3 Deceden#'s Complete Address: 21 10 0479 DEC E S AME DECEDENTS SOCIAL SECURITY NUMBER I Frank S. Bagshaw 162-12-4601 STREET ADDRESS 4184 Cove Court Apartment 106 CITY STATE ZIP Mechanicsburg PA 17055 Tax Payments and Credits: 1. Tax Due (Page 2 line 19) 2. Credits/Payments A. Spousal Poverty Credit _ B. Prior Payments C. Discount $1,182.62 - Total Credits (A + B + C ) 3. InteresUPenatty if appficabie D. interest _ E. Penalty Total Interest/Penalty (D + E ) 4. If Line 2 is gr~er than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. FlM M ova on Page 2, Line ZO to request a rofund. 5. If Line 1 + Line 3 is greater than Line 2, enthr the difference. This is the TAX DUE. A. Enter the interest on the tax due. B. Enter the thtal of Line 5 + 5A. This is the BALANCE DUE. (1) $23,552.21 (2) $1,'182.62 (3) (4) (5} $22,469.59 (5A) (58} $~~$.$$ Make Check Payable to: R~GiS~"ER OF WILLS, AG~IVT PLE~-SE AI~VYER THE FOLLOWING QUESTIONS 8Y PLA-CING AN "X" IN TKE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or incxxne of the property transferred :........................................................... ............................... b. retain the right to des~nate who shaA use the property transferred or its incane : ............................................ ^ c. retaan a reversionary interest; or .......................................................................................................................... ^ d. receive the promise for life of either payments, benefits or care? ...................................................................... ^ 2. ff death occurred after December 12,1982, did decedent transfer property within one year of death without receiving adequate consideration? .............................................................................................................. ^ 3. Did decedent own an "in trust for* or payable upon death bank account or sea~rity at his or her death? .............. ^ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a benefiaary designation? ........................................................................................................................ 0 ^ IF THE ANR TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE R AS PART OF TIIE For dates of death ~ 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 sparse is three (3) percent [72 P.S. §9116 (a} (1.1) (i)J. 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 exerr~t a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assetts and filing a tax return are still applicable even if the surviving spouse is the only benefiaary. For dates of death on or after July 1, 2000: The tax rate impaled on the net vale 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)j. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficlaries is four and one-half (4.5) percent, except as ndted 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 decedents sittings is ivvelve (12) percent (72 P.S. §9116(a)(1.3)J. Alibiing is defrned,under Section 9102, as an individual who has at least one parent in canmon with the decedent, whether by clood or adoption. REV-15th EX+ (6.98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT s~~ou~ ~ CASH, BANK I~EI~OSITS, & itHlSC. PERSC~lAL RROPERTY ES'~ATE OF Frank S. Bagshaw Indtxie the pro©eeds of ~igatlon and the date the proceeds were received by the estate. AY pnOpaty jcihtlryowned twr111h rtgttt of wrvrtvarN~p teNat be dteCtdsed cn t3dNdtde F. FlLE hU~ER 21-10-0479 (If more space is needed, insert add8onai sheets of the same size) May. 12. 2010 10:23aM PNC BANK 412-70-2747 No. 2311 P. 1/2 ~~ ~~ May 12, 2014 Andrew c ~hoely Atx~y ~ Law Main St iVlec~csburg, PA 17x50 RE: F~m1c F B~agabaw 3SN:, 162-12-4601 DC~D: Q4-0~-2010 Dean Mr. Sh~eely: lr~ respo~sse t0 your request for Dst~c of Death {D4D) bel~ces fos the cuabomtr nat{ed above, our records maw the fo~~owing: ~ Aaceunt . Account # 514t~021?4 ~ ~~ 04-01-1972 ~~ s ~AC~sxAw ~ . DK)D bai~tce: ~ 24,735.22 + 0.99 accn~ed interest Invea# Aceonnt Thee decedent untainted Investment Account 12~QlS029. Far fiuth~r infononaction, you may call the Br+okera~e Leaf ax 1-800-762-b111. Safe U+tpoait Bay ~ . c~Cedemt maintaitLed safe deposit box 538 Fr~rrrc. s ~Ac~sxAw Loc,~a ~: Cedar Cuff l~fall Breach 1104 Carlisle Cffinp Hill, 1'A 17011 . {717) 761-3 I80 Fage 1 of 2 CASHIER'S GH~GK ~~~ ~ ~~ { ~ PNG Bank, N~atonai Ass~ciatkon Southcentrat, P;A DATE ' 4ROER OFE ~~~TE ~~ f° ~~~~~~, k+~ ,~ ~.;~{~~. ~f~~~~.~ ` $ ; ~. #~: ~ ~;~w~` ~. r~ :;~~. ,~,~.,`1' ~ ~ ~ , . , ,. , , . ; , ... ,.~ ,,.,. , ~ DOLLARS ,~~" ~~,,. ice': [,~,~ r j '!';', I, y z,t REMITTER: -r'L293904'+' i:Q3L3L2?38~: P . C B anon Association NP OFFICI SIGNATURE si~,999o~iL~. 0 b0-1273/31 REV-1510 EX+ {6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ~~~ INTER-VMOS TRANSFERS & MISC. tV4N~00~1~1`~ I~O~ER'~'T' ESTATE OF FILE ~~~ Frank S. Bagshaw 21-10-4479 This sd~eduie must be completed and tiled tf the gnawer to any of questions 1 dxou~ 4 on d's~ reverse side of the REY 1500 COVER SHEET is yes. ITEM NU DESCRIPTION OF PROPERTY urc:LUDE TfIE NAIAE OF THE , TAR RFUtI01~t11P TO DECEDENT AND THE DATE OF TRAN'Bl~i. ATTIICN A Co/r OF THE OEEO FOR REAL ESTATE. pA~ OF DEATH VALUE OF ASSET 96 OF DECD'S INTEREST EXCLUSION IF APPLICABLE TAXABLE VALUE ~ . PNC Investment Acx~ount #12906029, maintaining 2 annuity acx~ounts A. IlAetlife Investors USA Insurant7e Company-Annuity Contract#A2070428 $351,141.21 100 $351,101. B. New York Lifie insurance Annuity Policy #75614029 $162,789.92 100% $162,789 TOTAL (Atso errter on line T Recapitulation) : 513, 891.13 (if moro space is needed, insert additio~i sheets of the same size} U8A P.tf 8`pt ie~ Dei MOMNa lA ec~oe~a0ea INstLl~s 1~My-12, 201tt ~r~~ c~ a:~c ea~w c~+o ~ Pic ~~fxrs tom; ME'f'L!"~ TORS tl~A l1~RAIiGL ihNY G~K1"~1CT A~0~2~ Fnrt~c ~ [~' 8vnnis: Tt~c you fat~~- recent M~rY np~nlin0 ~ aontt~ct roEer+ertcaed above. Ctur ncx~eis irxlic~ ~atlhe der of depth arnf the sooou~ttwdue an 1Mtdrbe are: ~. ~~ ~1 J'~il~ 1~~V ~.i 1 ~ Ali hews ~ gUdwQne~ pluses COn~ Y+4w' 1'1t~11~ f~ t're~ ~ ~.'lte~'g11eT' ' at 1-8~'f~~#~i'~ ~Aoa~t M~~d~lt Frkh~- b~lw~eea 8:3~ a.m. and 130 p- m., ET. S~f~ Mk~N Irvlr~g S'~r: Arta~t~iy Rapr~n! - Peet leeus PrDOe~kte Metl.i~r Mntdty 4perslbne sad Senrioe• N,ts ~ ~iC'~,~E IN' -tT~~ll~ ~~,1~"11~VY- IIV~IY~f~l.~1.L .~LI+~'Y,S~C~~` Si Mid Aa+~ N~+v Yarl~, ~~ Yom 100~,~ -.._ ~-Arr~r:_ c lr~r~,~rs n-A~: l~rt fit. ?ata _ FAX:_71'1 •'13~ ~ ~~3!'~ FAG~iS: ~• c~rsx~a c~oe aBeear~ ~Q~: ~ 7gt.1 SFflkW . 7~R yoWL ~~u~, '"~ Glar~t. ~~ vaLotE ~ 4~ carver sheet. ~ ~ are cot I~+e art r+ed~i+ent, aye oar fma at !~ ri~i+~~ ~ ~tl~ilrrd. I~t~t ietre cee~ed ~ ~ i~ en+0r, I a !' #~ ' ~d erM ~d ~MM~r . Wye s~'~wr jai ~ ~ S ' d S901.L696 : of : wo ~d £0 ~ 9Z 0~0d-~-J~~++I REV-1511 EX+ (14-09} penr~~~mia SCHEDULE H DEPARTMENT of REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RETURN ADMINISTRA'fIV~ bOSTS RESIDENT DECEDENT ~r ESTATE OF RIlE Nt!lN~dR Frank S. Bagshaw 21-10-0479 Deoedent': d~ must be raporbsd on Sch~ktik I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1~ Brown Funeral Home -funeral services, headstone, flowers, transportation $9,099.50 B. ADMINISTRATNE COSTS: 1. Personal Representative Commissions: 0.00 Name(s) of Personal Representative(s) Paula S. Wise /Frank S. Bagshaw street address 315 East Alien Street / 4184 Cove Court, Apt. 106 ~;ty Mechanicsburg / Mechanicsburg -state PA zIP 17055/1705p Year(s) Commission Paid: 2. Attorney Fees: Andrew C. Sheely, Esquire $1,125.00 3. Family Exemption: (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: $115.50 5• Accountant Fees: ti. Tax Return Preparer Fees: ~• Postac,~; $9.68 $• Friing Fees $15.00 s. Reserves to conclude Estate administra~on, fmal aocounbng and filing fees $600.00 TOTAL (Also enter on Line 9, Recapitulation) I $ 10,9614.68 If more space is needed, use additional sheets of paper of the same size. RECEIPT FOR PAYMENT -------------------- -------------------- GLENDA FARNER STRASBAUGH Cumberland County - Register Of Wills One Courthouse Sqquuare Carlisle, PA 17Q13 BAGSHAW FRANK S Estate File No.: 2010-00479 Receipt Date: 5/10/2010 Receipt Time: 10:09:10 Receipt No.: 1061051 Paid By Remarks: FRANK S BAGSHAW WZ ------------------------ Receipt Distribution ----- -------- ------- ---- Fee/Tax Description Payment Amount Payee Name PETITION LTRS TEST 60.00 CUMBERLAND COUNTY GENERAL FUN WILL 15.00 CUMBERLAND COUNTY GENERAL FU~T SHORT CERTIFICATE 12.00 CUMBERLAND COUNTY GENERAL FUI'~T JCS FEE 23.50 BUREAU OF RECEIPTS & CNTR M.D AUTOMATION FEE 5.00 CUMBERLAND COUNTY GENERAL FUIki Check# 1580 $115.50 Total Received......... $115.50 REV-1512 EX+ (12-OS) ~,~~ SCHEDULE I DEPARTMENT OF REVENUE DEBTS OF DECEDEHT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES 8t LIENS RESIDENT DECEDENT ESTATE OF Frank S. Bagshaw FILE i~iMBER 21-10-0479 Report delbts incurttid dil the d~pdeM prior to death tfiat renrainad unpaid at the date of death, including uareNnburaed medical expen~. If more space is needed, insert additional sheets of the same site. REV 1513 EX+ (9-00) l~CN~iVI~ J COMMONIMEALTH of PENNSYIVANW BENEFICIARIES It~IERRANCE TAX RETURN RE8~ENT DECEDENT ESTATE Of FILE NtI~ER Frank S. t3agshaw 21-10-0479 RELATIONSH{PTO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADQRES3 OF PERSON(S) RECEIVING PROPERTY Do Not Lkt Tnata~(s) OF ESTATE I TAXABLE DISTR~ITIOAIS [indude outri~t spousal distributions, and transfers under Sec. 9116 (a) (1.2)] 1. Paula S. Wise, 315 East Allen Street, M~hanicsburg, PA 17055 Daughter 50% Rest, Residue & rpmainr'iPr 2. Frank S. Bagshaw, 4184 Cove Court, Apt.106, Mechanicstwrg, PA 17050 Son 50% Rest, Residue & remainder ENTER DOLLAR AMixJNTS FOR DiS'fRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV 1500 COVER SHEET II NOrI-TAXABLE ~STR~UTiONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARfTABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 t>1= REV-1500 COVER SHEET `; (if more space is needed, insert additi+anal sheets of the acme size) .. 11 r 7 FRAI+tR 8. 81~t~8HAW . I, FR1kNK S. BAGSHAW, of 640 Allen' Street, ~~New Cumber- lar~c~, Cumberland .County, Pennsylvania, make, publish -and .declare this as and for my Last Will and Testament, he~eby.revo.king~=a11 other .Wills -and Codicils heretofore made by me. ~'I.RST': I direct that all inheritance, estate, transfer, succession and death taxes, of any .kind whatsoever, ". which .may be payable by reason of my death, whether or nct-with respect to property passing under this Will, shall be pad.~~.out:-=arf the principal of my residuary estate. .. .r I devise and bequeath .all the rest, , raec~u:e~ .:-: and :re~oaainder of my ®state of whatever nature and wherever situate, including any property over whioh I hold power of appointment .and .together with any insurance policies-~thereon, unto my w~.fe, .JEAN H. SAGSHAW, provided she .survives me by thirty (30) days. ~ . ~;j~: Should my wife, JEAN H. BA~GSHA1~; . pxedecea~se ate or did on or before the thirty-first (31st) day following my ;. death, I devise and bequeath all the rest, residue aid remaihcr:, of my estate of whatever nature and wherever situate, including any property over which I hold power of appointment.and together with any insurance policies thereon, in equa'1 shares; to my children, PAULA S, BAGSHAW and FRANK SPENCER BAGSHAW. ~Q,y~~: Should PAULA S. BAGSHAW predecease me, I devise and bequeath that her share under this, my Last Will and Testament, shall pass to FRANK SPENCER BAGSHAW. ,,~: Should FRANK SPENCER BAGSHAW predecease me, I devise and bequeath his share or shares under this, my Last Will and Testament, shall pass to my granddaughter, ASHLEY A. HAGSHAW, same to be held by my hereinafter named Trustee, IN TRUST. SIXTH: Should my grandchild, ASHLEY A. BAGSHAW, not have attained the. age of twenty-one (21) years at the time for distribution to her, I give, devise and. bequeath th®~~ehare of such grandchild to my hereinafter named Trustee or-Trustees- IN~~ TRUST, to-hold, manage, invest and reinvest. the share sto - received,.and to use and apply from time to time such portion o'f'~ income and principal for the said granddhild'~~~erducation {including college, trade school or rather simi~:ar training ~or educatis~n) , support and welfare as my Trastee~ or '~ru~st~es, iri their sole .discretion, deem advisable. My Truste~r.or-trustees may make ..the payments for the support ahd mantenanoe~of my grandchild directly to said grandchild or to her~Guardian.or Guardians, as required. Arty payments m$de by my Trustee or.~ -. Trustees. pursuant hereto-shall be made without. ~urther.respon-~ sibility to the said grandchild, her Guardian or Guardians, or to an arson takin care of m - y p g y grandchild. The Trustee--or_ Trustees, in exercising their discretionary a~athorty.with-.-~ - respect to the payment of income or principal of the within Trust to my grandchild, shall take into consideration any income or other resources available to my grandchild from sources outsid®-~. this Trust. In addition, my hereinafter named Trustee or ~. Trustees shall have the right, in their sole discretion, to.- purchase and pay for out of the principal, as well as income, such insurance policies as will provide for the . minor. t s `medical ~~ care. - Any income or principal not so app3.ied.shall be dis- ributed to such grandchild when she attains the age of twenty- vne (21) years, In the event my grandchild dies prior to the termination of this Trust, the interest'of my grandchild in the Trust shall cease with any income and principal being transferred in accordance with any applicable provisions of this, my Last Will and Testament. If, however, said grandchild is survived by. any children, my Trustee or Trustees shall pay net income of the Trust to or apply the same for the benefit of such children of my deceased grandchild, in such amount or amounts as-my Trustee or Trustees, in their sole discretion, deem advisable for the 2 ~, support, welfare and ~aaintenance of said children~.. Any -income : ar principal not so applied shall be distributed-when such ch~.ldren~ of my deceaged grandchild attain the age of tw~r~ty~-one (23) years. s~'PB In addition to all powers granted ~~to . them. by law and by other provisions of this Will, I give the fiduciaries acting hereunder the following powers, applicable to all proper--~ ty, exarcisable without court approval .and effective until actual distribution of all property: ' (A) To sell at public or private sale, or to lease, for any period of time, any real or personal property and to give options for sales, exchanges or leases, far such~price~ and upon.. such terms (including credit, with or without security} or- conditions as are deemed proper'. This includes the pol~er to~'_giv+e legally sufficient instruments for transfer of the°pro~erty and to receive the proceeds of any disposition of it. (8) To partition, subdivid®, or improve read. estate and to enter into agreements concerning the partition, subdivi~-.~. lion, improvement, zoning or management of real estate and to impose or extinguish restrictions on real estate. (C) To compromise any claim or controversy and~to abandon any property which is of little or no value. _ \ (D) To invest in all forms of property, including stocks, common trust funds and mortgage investment:~fuhds,~without restriction to invest~a-ents authorized for Pennsylva~fa fiduc-~ cries, as are deemed proper, without regard to any principle of diversification, risk or productivity. (E} To exercise any option, right or privilege granted in insurance policies or in other investments. (F) To exercise any election or privilege given by the Federal and other tax laws, including, but not necessarily being limited to, personal income, gift and estate or inherit~r~ce tax laws. . (G} To make distributions to my herein named benefici- - ~ - ~. 3 ~ ~ . arias in. Dash or in kind or partly in each. . (H) To borrow money from themselves `~ or otAers ~ ~ 'in order to pay debts, taxes, or estate or trust.admir~stratiori.expenses',~ to protect or improve any property held under my will,~and for investment purposes. _ . ( I) ~ To select a mode of payment under any- qua~lif ied retirement plan (pension plan, profit sharing plan, employee stock ownership plan, or any other type of qualified plant' to the extent .the .plan or the law permits .them .to do ~ so., and td exerei~se any other rights which they may have under tote plan, in whatever manner they consider advisable. ~. ,~ I nominate and .appoint PAULA S. BAGSHAW,. as Trustee of. the hereinabove described trust, who sha-11'serve without bond and shall receive fair and reasonablecomperisation. ~,~„"'~: I nominate and appoint my wife, JEAN H. . BAGSHAW,~Executrix of this, my Last Will and Testament.. In the event of the death, resignation or inability to serve for any reason whatsoever of the said JEAN H. BAGSHAW, I nominate:-:and. appoint PAULA S. BAGSHAW and FRANK SPENCER BAGSHAW,_Co--Executors of this, my Last Will and Testament. I direot that my Executr~.x or Co-Executors, Trustee or Trustees, as the case may be, and their successors, shall not be required to post security or a bond for the performance of their duties in any jurisdiction. IN WITNESS WHEREOF, I have hereunto set m hand-and seal to is, my Last Will and Testament, this ,~ ay of 1997. ~ , a_--r'"~ _- ~ (SEAL) FRANK S. W 4 and dsc~~`rs'~ Y .tin °u~ ubl i8hed ~ and ,~gsba~a+~n ed~ ~ • S i~~~ r steal his La-at W ~1 a and in the ~ as and ~°r in his pr~,gecnC ~~ cur names as ed TestatQ $at~ Cr1b nay who ~ at r,is rem ve n,~reunto subs prae~n~e~ ch ©ther~ h~- e ~f ea p~sae-na sting w itnes'ses • att'~ pddr$SS ~ _r-----''r-'""" ~,a ss