HomeMy WebLinkAbout10-27-10 I ^ ^^I I ^^
REV-1500 Exi°'-'°'
pennsytv~fa OFFICIAL USE ONLY
PA Department of Revenue orrr.nnrKra!".`""""` County Code Vear File Number
Bureau oflndividualTaxes INHE RITANCE TAX RETURN
Po Box zeoe°' 21 09
Harrisburg, PA 17128-°t701 RESIDENT DECEDENT 1166
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death MMDDYYYY Date of Binh MMDDYYYY
187 16 5726 09 19 2009 03 28 1920
Decedern's Last Name Suffix Decedent's Frst Name MI
Touloumes Harry N
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's Frst Name MI
Touloumes Mary C
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 Return ~ 2. Supplemernal Return O 3. Remainder Return (date of death
prior to 12-13-82)
Q 4. Limited Estate p 4a. Future Interest Compromise (date of O 5. Federal Estate Tax Return Required
death after 12-12-82)
illy 6. Decedent Died Testate C7 7. Decedent Maintained a Living Trust ~ 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust)
Q 9. Litigation Proceeds Received p 10. Spousal Poveny Credit (date of death p 11. Election to tax under Sec. 9113(A)
between 12-31-91 and 1-1-95) (Attach Sch. O)
CORRESPONDENT - Thls section must be completed. All Correspondence and Confldentlal Tax Information Should be Directed to:
Name Daytime Telephone Number
Steve C. Nicholas, Esq. 717 540 7746
Frst line of address
2215 Forest Hills Drive
Second line of address
Suite 37
City or Post Office
Harrisburg
State ZIP Code ~-
PA 17112-1099
~T~EROF WILLS 195E ONLY
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Correspondern's a-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, correct and complete. Declaration of the preparer other than personal representative is based on all information of which preparer has any knowledge.
cir;nao~uaFOFPERSONRESP~NSIBLEFBRFILINGRETURN Dt1TE /
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Camp Hill, pA 17011-1718
ADD E 2215 Forest Hills Drive
Suite 37 Harrisburg, PA 17112-1099
PLEASE USE ORIGINAL FORM ONLY
Side 1
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Rev-1500 EX
Decedent's Social Security Number
Decedent's Name: Harry N. Touloumes 187 16 5726
RECAPITULATION
1. Real estate (Schedule A) ......................................... 1• O.OO
2. Stocks and Bonds (Schedule B) .................................... 2. 431 , 343.78
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) • • • • • • 3. O.OO
4. Mortgages and Notes Receivable (Schedule D) ......................... 4. O.OO
5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E) • • • • • • • 5. O.OO
6. Jointly Owned Property (Schedule F) O Separate Billing Requested • .. • • • 6. O.OO
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) O Separate Billing Requested ..... • 7. O.OO
8. Total Gross Assets (total Lines 1 through 7) .............. • • • • • • • • • • • • • • 8. 431 , 343.78
9. Funeral Expenses and Administrative Costs (Schedule H) .. • • • • • • • • • • • • • • • • 9. O.OO
10. Debts of Decedent, Mortgage Liabilities, and Liens (Schedule I) ........... • • 10.
11. TotalDeductlons(totalLines9and10) •••••••••••••••••••••••••••••• 11.
12. Net Value of Estate(LineBminusLinell).....•••••••••••••••••••••••• 12•
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 l2 minus Line l3) .....•••••••••••••••••• 14.
TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, or
transfers under sec. 9116 343
78
431 5
(a)(1.2) X .00 ,
. 1
,
1 s. Amount of Line 14 taxable O
OO
at lineal rate X .045 . 16.
17. Amount of Line 14 taxable O
OO
at sibling rate X .12 . 17.
18. Amount of Line 14 taxable OO
O
at collateral rate X .15 . 18.
19. TAX DUE .................................................... 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
Slde 2
L I D ^^i ^^^ I D^^i ^^^
0.00
0.00
431,343.78
0.00
431, 343.78
0.00
0.00
0.00
0.00
0.00
O
Red-1500 IX' Page 3
Decedent's Complete Address:
File Number
21 09 1166
DECEDENTS NAME
Har N. Touloumes
STREET ADDRESS
759 Manor Road
CITY
Cam Hill STATE
PA ZIP
17011
Tax Payments and Credits:
1. Tax Due (Page 2 Line 19)
2. Credits/Paymerns
A Prior Paymerns
B. Discount
0.00
(1) 0.00
~~~~ Total Credits (A+ B) (2) 0.00
3. I merest
4. If Line 2 is greater than Line 1 + Line 3, erner the difference. This is the OVERPAYMENT.
FIII In oval on Page 2, Une 20 to request a refund.
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
(3> 0.00
(4)
(s)
0.00
Make Check Payable to: REGISTER OF WILLS, AGENT.
PLEASE ANSWER THE FOLLOWING GIUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedern 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 decedern own an "intrust fog" or payable-upon-death bank account or security at his or her death? .. ^
4. Did decedern own an individual retiremern accourn, annuity, or other non-probate property,
which cornainsabeneficiarydesignation? ••••..••••••••••••••••••••••••••••••••••••••• ^
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 Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse
is 3 peroern [72 P.S. Sect. 9116(a)(1.1)(i)].
For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent
[72 P.S. Sect. 9116(a)(1.1 xii)]. The statue does not exempt a transfer to a surviving spouse from tax, and the statutory requiremerns for disclosun;
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 21 years of age or younger at death to or for the use of a natural parent,
an adoptive parern, or a stepparent of the child is 0 percent [72 P.S. Sect. 9116(ax1.2)].
• The tax rate imposed on the net value of transfers to or for the use of the decedern's lineal beneficiaries is 4.5 percent, except as noted in
72 P.S. Sect. 9116(1.2) [72 P.S. Sect. 9116(a)(1)].
• The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent [72 P.S. Sect. 9116(a)(1.3)]. A sibling
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 -1503 EX+ (8-98)
SCHEDULE B
COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS
INHERITANCE TAX RETURN
RESIDENTDECEDENT
ESTATE OF FILE NUMBER
Harry N. Touloumes 21 09 1166
(If more space is needed, insert additional sheets of the same size)
REV -1513 EX+(01-10)
pennsy~vania SCHEDULE J
pf PARTltENT OM REVENUE
INHERITANCE TAX RETURN BENEFICIARIES
RESIDENT DECEDENT
ESTATE OF:
FILE NUMBER:
Harry N. Touloumes 11 Uy 11FiFi
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBE NAME AND ADDRESS OF PERSONS RECEIVING PROPERTY Do Not List Trust s OF ESTATE
z TAXABLE DISTRIBUTIONS [Include outright spousal distributions, and
transfers under Sec. 9116(a)(1.2).]
Mary C. Touloumes Surviving spouse 431,343.78
759 Manor Road
Camp Hill, PA 17011-1718
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15THROUG H 180E REV-1500 COVER SH EET, AS APPROPRIATE.
ii NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN:
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS:
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET.
If more space is needed, use additional sheets of paper of the same size.
Touloumes Harry wills/scn
LAST WILL AND TESTAMENT
OF
HARRY TOULOUMES
I, HARRY TOULOUMES of 759 Manor Road, Camp Hill, Cumberland
County, Pennsylvania 17011, declare this to be my Last Will and
revoke any Will or Codicil previously made by me.
ITEM I: I direct that all expenses of my last illness and
funeral, including my gravemarker and perpetual. care, shall be
paid from my residuary estate as soon as practicable after my
decease as a part of the expense of the administration of my
estate.
ITEM II: I direct that all taxes that may be assessed in
consequence of my death, of whatever nature and by whatever
jurisdiction imposed, shall be paid from my residuary estate,as a
part of the expense of the administration of my estate, without
apportionment.
ITEM III: I devise and bequeath all the rest, residue, and
remainder of my Estate of every nature and wherever situate, to
my wife, MARY TOULOUMES, providing that she survives me by thirty
(30) days.
ITEM IV: Should my wife, MARY TOULOUMES, predecease me or
die on or before the 30th day following my death, I make the
following specific bequests:
a. To my grandson, KENNETH TOULOUMES, JR. I give, devise
and bequeath the sum of Ten Thousand and no/100 ($10,000.00)
Dollars, providing that he survives me by thirty (30) days.
b. To my granddaughter, ALEXANDRA TOULOUMES, I give,
devise and bequeath the sum of Ten Thousand and no/100
($10,000.00) Dollars, providing that she survives me by thirty
(30) days.
c. To my grandson, ELI H. PETROFF, I give, devise and
bequeath the sum of Ten Thousand and no/100 ($10,000.00) Dollars,
providing that he survives me by thirty (30) days.
1
d. To my grandson, ALEX L. PETROFF, I give, devise and
bequeath the sum of Ten Thousand and no/100 ($10,000.00) Dollars,
providing that he survives me by thirty (30) days.
ITEM V: Should my wife, MARY TOULOUMES, predecease me or
die on or before the 30th day following my death, I give, devise
and bequeath any interest which I may have in the real estate
known and numbered as 3990 Sumner Drive, Harrisburg, Pennsylvania
17109, to my son, GREGORY TOULOUMES, providing that he survives
me by thirty (30) days.
Should my son, GREGORY TOULOUMES predecease me or die on or
before the 30th day following my death, I then give, devise and
bequeath any interest which I may have in the real estate known
and numbered as 3990 Sumner Drive, Harrisburg, Pennsylvania
17109, to my daughter-in-law, PEGGY TOULOUMES, providing that she
survives me by thirty (30) days and further providing that she
and my son, GREGORY TOULOUMES, were still married at the time of
my son's death and no divorce proceeding were then filed or
pending.
In the event that subsequent to the date of this Last Will
and Testament, I have entered into any agreement to sell 3990
Sumner Drive, Harrisburg, Pennsylvania 17109, to my son, GREGORY
TOULOUMES and/or my daughter-in-law, PEGGY TOULOUMES, any
obligation owed to me is hereby forgiven.
ITEM VI: I give, devise and bequeath all the rest, residue,
and remainder of my Estate of every nature and wherever situate,
as follows:
a. One (1) equal share to my son, KENNETH TOULOUMES,
providing that he survives me by thirty (30) days.
b. One (1) equal share to my daughter, VICKIE PETROFF,
providing .that she survives me by thirty (30) days. Should my
daughter, VICKIE TOULOUMES, predecease me or die on or before the
30th day following my death, I then give, devise and bequeath her
share of my estate to her husband, PHILLIP PETROFF, providing
that he survives me by thirty (30) days.
c. One (1) equal share to my daughter, CALLIE TOULOUMES,
providing that she survives me by thirty (30) days.
d. One (1) equal share to my son, GREGORY TOULOUMES,
providing that he survives me by thirty (30) days.
In making this bequest, it is my intention to treat all my
children equally, taking into consideration gifts which my wife,
2
MARY TOULOUMES and I have made to all of our children during our
my lifetimes and in addition, to our son, GREGORY TOULOUMES, in
ITEM V, of this Last Will and Testament. Also, taking into
consideration the total proceeds of any life insurance which may
be payable to any of my children upon my death. In computing and
determining the equal share to which each of my children shall be
entitled to receive, I direct that each share shall be determined
with the assumption that I have made the following lifetime
gifts, as follows: to my son KENNETH TOULOUMES, the sum of Twenty
Five Thousand and no/100 ($25,000.00) Dollars; to my daughter,
VICKIE PETROFF, the sum of Twenty Five Thousand and no/100
($25,000.00) Dollars; to my daughter, CALLIE TOULOUMES, the sum
of Five Thousand and no/100 ($5,000.00) Dollars; and, to my son,
GREGORY TOULOUMES, during our lifetimes and in ITEM V, of this
Last Will and Testament, the sum of One Hundred and Twenty
Thousand and no/100 ($120,000.00) Dollars; plus, any life
insurance proceeds which are paid to any of my children as a
result of my death.
ITEM VII: Until such time as my daughter, CALLIE TOULOUMES,
shall have reached the age of sixty (60) years, I give, devise
and bequeath her share of my estate, to my Trustee hereinafter
designated, IN TRUST, for her benefit to be administered as
follows:
a. To pay the net income from said trust to my daughter,
CALLIE TOULOUMES, on a monthly basis or more often, at the
discretion of my trustee.
b. To pay so much of the principal as is deemed necessary
for medical expenses, support, and other items of necessity for
my daughter, CALLIE TOULOUMES, at the sole discretion of my
trustee.
c. The amount to be paid from principal for the benefit of
my daughter, CALLIE TOULOUMES, shall be determined from time to
time by the need of my daughter, CALLIE TOULOUMES, and the
amounts and times of said payments shall be determined by such
need. The said payments may be made by my said trustee directly
to my daughter, CALLIE TOULOUMES, or may be made in the
discretion of my trustee, directly to the person having the
custody and care of her or may be made by my said trustee
directly to any institution entitled to such payment by reason of
services rendered or to be rendered to her. In making the
aforesaid payments, my said trustee shall give primary
consideration to the individual needs of my daughter and to other
sources of income and funds, such as insurance proceeds, etc.,
available for her support.
3
d. To pay the accumulated income and principal to my
daughter, CALLIE TOULOUMES, when she attains the age of sixty
(60) years.
e. Should my daughter, CALLIE TOULOUMES, die before
reaching the age of sixty (60) years, the then-remaining
principal and accumulated income of the trust shall be paid in
equal shares to my children, KENNETH TOULOUMES, VICKIE PETROFF
and GREGORY TOULOUMES, providing that they are living at that
time.
f. Should the principal of this trust be or become too
small in the Trustees discretion so as to make establishment or
continuance of the trust inadvisable, my Trustee or my personal
representative may make immediate distribution of the then-
remaining principal and any accumulated or undistributed income
outright to the person or persons and in the proportion they are
then entitled to income.
ITEM VIII: I hereby authorize and empower my Executors
hereinafter named to sell all of the real property and any or all
of the personal property not specifically bequeathed herein,
which I may own or to which I am entitled at the time of my
death, in the sole discretion of my Executors at private or
public sale, without an Order of Court, at such time or times and
upon such terms as the said Executors shall deem proper for the
best interests of my estate or of my beneficiaries, thereby
converting the same into cash. I further authorize and empower my
said Executors to execute, acknowledge and deliver all proper
writings and deeds of conveyance and transfer thereof.
ITEM IX: I appoint FULTON BANK, and my attorney, STEVE C.
NICHOLAS, Esquire, Trustee of any trusts created by this, my Last
Will and Testament.
ITEM X: The principal and income of any bequests or trusts
created hereunder shall be free from anticipation, assignment,
pledge or obligation of any beneficiaries and shall not be
subject to any execution or attachment or to voluntary or
involuntary alienation.
ITEM XI: I appoint my wife, MARY TOULOUMES, my friend, PAUL
S. KELLER, now of 19 Marshall Drive, Camp Hill, Pennsylvania, and
my friend and attorney, STEVE C. NICHOLAS, as Executors of this,
my Last Will. I direct that any dispute between the three (3)
shall be resolved by a majority vote.
4
ITEM X: I direct that my Executors or any Trustee appointed
herein, or their successors, shall not be required to give bond
for the faithful performance of their duties in any jurisdiction.
IN WITNESS WHEREOF, I have hereunto set my hand and seal the
8"' day of June, 1998.
C ~
HARRY T L, ES
5
The precedin
other typewritte
Testator, was on
declared by HARRY
for his Last Will,
in his presence
subscribed our na
g instrument, consisting of this and five (5)
n pages, identified by the- signature of the
the day and date thereof signed, published and
TOULOUMES the Testator therein named, as and
in the presence of us, who, at his request and
and in the presence of each other, have
mes as witnesses hereto.
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6
ACKNOWLEDGMENT
COMMONWEALTH OF PENNSYLVANIA
SS.
COUNTY OF DAUPHIN
I, HARRY TOULOUMES, the Testator whose name is signed to the
attached or foregoing instrument,. having been duly qualified
according to law, do hereby acknowledge that I signed and
executed the instrument as my Last Will; and that I signed it
willingly and as my free and voluntary act for the purposes
therein expressed.
Sworn to or affirmed and acknowledged before me by HARRY
TOULOUMES this 8t'' day of June, 1998.
HARRY T UMES
`~
r
Notary Public
NOTARIAL SEAL
Glljf €t~ ~~lY'11~(?61f~f nilU(JhIN ~rQUf)
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7
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF DAUPHIN
SS.
WE, the undersigned witnesses whose names are signed to the
attached or foregoing instrument, being duly qualified according
to law, do depose and say that we were present and saw the
Testator, sign and execute the instrument as his free and
voluntary act for the purposes therein expressed; that each
subscribing witness in the hearing and sight of the Testator
signed the Will as a witness; and that to the best of our
knowledge, the Testator was at that time 18 or more years of age,
of sound mind and under no constraint or undue influence.
Sworn to or affirmed and subscribed before me by the
undersigned witnesses, this 8`h day of June, 1998.
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Witness
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Witness
Notary Public
N07AR1AL SEAL
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