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HomeMy WebLinkAbout03-07-11 1505610140 REV-1500 EX (°'.'°' PA Department of Revenue OFFICIAL USE ONLY Bureau of Individual Taxes PO BOX 280601 INHERITANCE TAX RETURN County Code Year File Number Harrisburg, PA 17128-0601 RESIDENT DECEDENT 2 1 1 1 0 0 3 5 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYW Date of Birth MMDDYYYY 1 9 6 1 4 0 1 5 7 1 2 0 5 2 0 1 0 0 8 2 6 1 9 2 3 Decedent's Last Name Suffix Decedent's First Name MI F I N N E N S A R A H W (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number FILL IN APPROPRIATE OVALS BELOW THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS 0 1. Original Return ~ 2. Supplemental Return ® 3. Remainder Return (date of death 4. Limited Estate ^ 4a. Future Interest Compromise (date of ® prior to 12-13-82) 5. Federal Estate Tax Return Required © 6. Decedent Died Testate (Attach Copy of Will) ® death after 12-12-82) 7. Decedent Maintained a Living Trust A 8. Total Number of Safe Deposit Boxes 9 Liti ation Proce d R i d ( ttach Copy of Trust) . g e s ece ve ~ 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) cvRRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number R O G E R B I R W I N 7 1 7 2 4 9 2 3 5 3 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 Correspondent's a-mail address: State P A REGISTE WILLS U N Y i ~~ ~ ~ ~` ...., ~~ ~ V .~~ = ATE FILED `' ~ -- '.'~;. __ ~ C".-~ -°; . ZIP Code L 1 7 0 1 3 uriaer penames or penury, 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 has any knowledge. SIGNATURE OF PERSON SONS L OR NG RETURN DgTE r // ADDRESS 111 CEMETERY STREET DUNCANNON PA 17020 SIGNATURE OF PREPA R THER THg~I R SENTATIVE T /~ ~ '7 l ADDRESS ` 60 WEST POMFREC`i' TREET ~eRl Tcl ~ ~. , .,~, , PLEASE USE ORIGINAL FORM ONLY 15U5610140 P O M F R E T S T R E E T Side 1 1505610140 J t Continuation of REV-1500 Inheritance Tax Return Resident Decedent SARAH W. FINNEN 21 11 0035 Decedent's Name Page 2 File Number Correspondents Name R O G E R B 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 Correspondent's a-mail address: I R W I N P O M F R E T S T R E E T Daytime Telephone Number 7 1 7 2 4 9 2 3 5 3 State ZIP Code P A 1 7 0 1 3 Under penalties of perjury, I declare that I have examined this return, including acxompanying 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 has any knowledge. SIGNATURE OF PF~S N RESPONSIBLE FO FILING RETURN DATE ~ // ADDRESS 60 WEST POM~R STREET rnoi ~~i ~ r... .__ . _ 1505610240 REV-1500 EX Decedent's Social Security Number Decedent's Name: SARAH W• F I N N E N 1 9 6 1 4 0 1 5 7 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 and Notes Receivable (Schedule D) .......................... 4. 5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E)....... 5. 8 9 3 3 6 . 4 ~ 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ....... 6. 7. Inter-Vivos Transfers & Miscellaneous N -Probate Property (Schedule G) ~ Separate Billing Requested ....... 7. 8. Total Gross Assets (total Lines 1 through 7) ........................... 8. 8 9 3 3 6 . 4 7 9. Funeral Expenses and Administrative Costs (Schedule H) .................. 9. 1 3 1 1 8 . 6 2 10. Debts of Decedent, Mortgage Liabilities, and Liens (Schedule I) ............. 10. 11. Total Deductions (total Lines 9 and 10) ............................... 11. 1, 3 1 1. A _ ~, a 12. Net Value of Estate (Line 8 minus Line 11) .................. ... ...... . 12. ~ 6 2 1 7 . 8 5 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. 7 6 2 1 7 . 8 5 TAX CALCULATION -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 .0 0. 0 0 15. 0 0 0 16. Amount of Line 14 taxable . at lineal rate x .045 7 6 2 1 7. 8 5 16, 3 4 2 9. 8 0 17. Amount of Line 14 taxable at sibling rate X .12 0. 0 0 17. 0. 0 0 18. Amount of Line 14 taxable at collateral rate X .15 0. 0 0 1 g. 0. 0 0 19. TAX DUE ............................................. .. ....... 19. 3 4 2 9. 8 0 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ^ Side 2 1505610240 1505610240 REV-1500 EX Page 3 Decedent's Complete Address: DECEDENT'S NAME S__ARA_H W. FINNEN STREET ADDRESS 801 NORTH HANOVER STREET CITY CARLISLE Tax Payments and Credits: ~. Tax Due (Page 2, Line 19) 2. Credits/Payments A. Prior Payments 3,450.68 B. Discount 171.49 3. Interest 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. File Number 21 11 0035 STATE PA ZIP 17013 3,429.80 Total Credits (A + B) (2) 3,622.17 (3) (4) 192.37 (5) 0.00 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 : ...................................................................... ^ Q b. retain the right to designate who shall use the property transferred or its income; ............................... ^ c. retain a reversionary interest; or ................................................................................................ ^ 0 d. receive the promise for life of either payments, benefits or care? ...................... ................................. ® X^ 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 "in trust for" orpayable-upon-death bank account or security at his or her death? ......... ^ Q 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 Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse 3 percent [72 P.S. §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. §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 stilt 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 parent or a stepparent of the child is 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 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 12 percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, undE 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 DECEDENT ESTATE OF SARAH W. FINNEN SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY FILE NUMBER 21 11 0035 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. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. M&T BANK -CHECKING ACCOUNT #2678009107 37,132.04 2. THE BANK OF LANDISBURG -CERTIFICATE OF DEPOSIT #700023000 51,143.18 3. JEWELRY/COINS -APPRAISAL ATTACHED 1,061.25 TOTAL (Also enter on line 5, Recapitulation) I $ 89, 336.47 (If more space is needed, insert additional sheets of the same size) REV-1511 EX+ (10-09) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER SARAH W. FINNEN 21 11 0035 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A, FUNERAL EXPENSES: 1. HOFFMAN-ROTH FUNERAL HOME 2,514.96 B. ADMINISTRATIVE COSTS: 1 • Personal Representative Commissions: Name(s) of Personal Representative(s) ROBERT L. FINNEN 2,250.00 Street Address 111 CEMETERY STREET City DUNCANNON State PA ZIP 17020 Year(s) Commission Paid: 2, AttomeyFees: IRWIN & McKNIGHT, P.C. 5,200.00 3. Family Exemption: (If decedents address is not the same as claimants, attach explanation.) Claimant Street Address City State _ ZIP Relationship of Claimant to Decedent 4. Probate Fees: REGISTER OF WILLS 186.50 5 Accountant Fees: 6. Tax Retum PreparerFees: PATRICIA A. ROSENDALE, CPA 375.00 7. REGISTER OF WILLS -FILING FEE 8. HARRY E. DONSON -APPRAISAL 30.00 9. CUMBERLAND LAW JOURNAL -ESTATE NOTICE 35.00 10. THE SENTINEL -ESTATE NOTICE 75.00 11. REGISTER OF WILLS -SHORT CERTIFICATE 198.16 4.00 TOTAL (Also enter on Line 9, Recapitulation) I $ 13,118 62 If more space is needed, use additional sheets of paper of the same size. Continuation of REV-1500 Inheritance Tax Return Resident Decedent SARAH W. FINNEN 21 11 0035 Decedent's Name Page 1 File Number Schedule H -Funeral Expenses & Administrative Costs - B1 ITEM NUMBER DESCRIPTION AMOUNT B• ADMINISTRATIVE COSTS: Personal Representative Commissions: 2• Name(s) of Personal Representative(s) ROGER B. IRWIN 2,250.00 Street Address 60 WEST POMFRET STREET City CARLISLE State PA _ ZIP 17013 Year(s) Commission Paid: SUBTOTAL SCHEDULE H-B1 ~ 2,250.00 REV-1513 EX+ (01-10) pen nsylvan is DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES tJlAlt U SARAH NUMBER 2. 3. 4. 5. r: N. FINNEN NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Sec. 9116 (a) (1.2).] ROBERT L. FINNEN 111 CEMETERY STREET DUNCANNON, PA 17020 SUSAN C. OLSON 151 WEST I STREET CARLISLE, PA 17013 1/3 REMAINDER ANGELA SHANK 128 BEETEM HOLLOW ROAD NEWVILLE, PA 17241 JOSEPH MADDEN 111736 TWIN RIDGE DRIVE DRAPER, UTAH 84020 KIM McMASTERS 15410 W. 30TH AVE PHOENIX AZ 85053 FILE NUMBER: 21 11 0035 RELATIONSHIP TO DECEDENT Do Not List Trustee(s) Lineal Lineal Lineal Lineal Lineal 8,468.65 8,468.65 8,468.65 I ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV 1500 COVER SHEET, AS APPROPRIATE I.I. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAXIS NOT TAKEN: 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1. TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. I $ If more space is needed, use additional sheets of paper of the same size. AMOUNT OR SHARE OF ESTATE 25,405.95 1/3 REMAINDER 25,405.95 i' i 'S L ~,! . ' r LAST WILL AND TESTAMENT t I, SARAH W, FINNEN, of the Borou h of Ca ' g rllsle, Cumberland County, Penns lv ' declare this instrument to be my Last Will and Te Y ania, stament, hereby expressly revoking all Wills and Codicils heretofore made by me. 1. I direct my Executors to pay all of my debts fu neral and administrative expenses as soon as may be done conveniently after my decease. 2. I authorize and empower my Executors, to sell a ny, realty owned by me at my death, and not specifically devised herein, at e' ether public or private sale, and to give ood a sufficient deeds therefor, in fee simple, as I could g nd do if living. 3• I give, devise and bequeath all of my estate of e very nature and wherever situate as follows: (a) 1/3rd to my son, ROBERT L. FINNEN an ' d if he is not liven g, to his daughter, absolutely; (b) l/3rd to my daughter, SUSAN C. OLSON and ' if she is not living, to her two children, share and share alike; and (c) 1/3rd to my three (3) grandchild -~ ren, ANGELA SHANK, JOSEADD.~ :s, and KIMBERLY McMASTER, share and share alike 'zn ~ ~ -~ . i. 7 !~ E - ~ ~ ~ _-~ • r ~ r - t i" ~ CJ ~-~ -^~ ~° ...._ ~-~ U E.~_ _~ i~~ 4. I nominate and appoint ROGER B. IRWIN and ROBERT L. FINNEN to be the Executors of this my Last Will and Testament; they are to serve as such without bond. Should any of the aforesaid die before my death, renounce or refuse to serve for any reason or die leaving any of my estate unadministered, Inominate and appoint MARCUS A. McKNIGHT III, and DOUGLAS G. MILLER as substitute executors, for that person, without the film of an g y bond. 6. I hereby suggest that my personal representative retain the services of Irwin & McKnight as attorneys in the settlement of my estate. IN WITNESS WHEREOF, I have hereunto set my hand and seal this ' ~ ~ . day of June, 2005. ~ L, a ,° '~ t'u' ~ (SEAL SARAH W. FINNEN ~ Signed, sealed, published and declared by SARAH W. FINNEN, the above-named Testatrix, as and for her Last Will and Testament, in the presence of us, who, at her re uest ' q , in her presence and in the presence of each other have subscribed our names as witnesses hereto. ~• ~/~ i :! _ ~? ;: j' i 2 ACKNOWLEDGMENT AND AFFIDA VIT WE, SARAH W. FINNEN, MARTHA L. NOEL and SHARON L. SCHWALM, the Testatrix and witnesses respectively, whose names are signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed and executed the instrument as her Last Will and Testament, that she had signed willingly, that she executed it as her free and voluntary act for the purpose herein expressed, and that each of the witnesses, in the presence and hearing of the Testatrix, signed the Will as a witness and that to the best of their knowledge the Testatrix was, at that time, eighteen years of age or older, of sound mind and under no constraint or undue influence. ~,~ . ~ l ~ . . ~ :SARAH W. FINNEN 4 ,; , / MA HA L. NOEL ~(~. ~ ;, f~ ,, ~Zc~ SHARON L. SCHWALM COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF CUMBERLAND • Subscribed, sworn to and acknowledged before me by SARAH W. FINNEN, the Testatrix herein, and subscribed and sworn to before me by MARTHA L. NOEL and SHARON L. SCHWALM, witnesses, this ~'~# day of June, 2005. ., L - `~ ~ ,. Public COMMO W ALTH OF PENNSYLVANIA Notarial Seal Fccer B. Irwin, Notary Public Carlisle Boro, Cumberland County My Comrnisslon Expires Oct. 3, 2008 Member, Pennsylvania Association Of Notaries 3 499 Mitchell Road, Millsboro, DE 19966 Adjustment Services Phone 888-502-4349 F ax (302) 934-2955 January 21, 2011 Irwin and McKnight PC West Pomfret Professional Building 60 West Pomfret Street Carlisle, PA 17013 Re: Estate of Sarah Finnen Social Security 196-14-0157 Date of Death: December 5, 2010 Dear Sir or Madam: Per your inquiry on January 10, 2011, please be advised that at the time of death, the above-named decedent had on deposit with this bank the following: 1. Type of Account Account Number Ownership (Names o, fl Opening Date Balance on Date of Death Accrued Interest Total Checking Account 2678009107 Sarah W Finnen Robert L Finnen (POA) 09/01/67 $37,132.04 $ .00 ............................................................................................................................................ $37,132.04 For further acrnunt information, dosures and/or reimbursement of funds please call the High Street Carlisle Office at #610-562-3811. We were unable to locate any safe deposit box for the above-mentioned decedent. This letter does not indude any accounts in which the deceased may have been listed as Power of Attorney, Ctistodian of Uniform Transfers, Representative Payee, or Trustee under a Written Agreement Sincerely, ~ ~~-~~~~~ Tammy Spencer Adjustment Services The (~~~~oF Landisbue~ ESTABLISHED 1903 P.O. BOX 179 • LANDISBURG, PA 17040 January 19, 2011 Irwin & McKnight, PC Roger B Irwin West Pomfret Professional Building 60 West Pomfret Street Carlisle, PA 17013-3222 RE: Estate of Sarah W Finnen Date of Death: December O5, 2010 SS#: 196-14-0157 ~~_~ ~l~i~f ~~ X: iVicK~Vl(~ ".~~t his ~II~Lt~ Dear Madame: The information you requested is as follows. Please note the account was sole ownership. Date Account Opened Account Number Type of Account Balance Prior to Interest Interest Bearing/Rate Accrued .Interest 12/11/09 700023000 CD $51,065.66 3.23% $77.52 The account was started with a check from Sarah's M&T checking account signed by Robert L Finnen- P()A. We have a cony of t1~e P(~A papers. Robert vvas not a joint owner on the CD. He was listed as POA only. If I can be of further assistance, please advise. Very truly yours, Connie L Welcomer cc: Decedent's folder ~~~~ LANDISBURG - 717-789-3213 BLAIN - 536-3118 SHERMANS DALE - 582-8511 SARAH W. FNNEN ESTATE d/o/d -DECEMBER 5, 2010 Appraisal by: Harry E. Donson CARLISLE COIN SHOP 25 Circle Drive Carlisle, PA 17013 243-8943 r0N'~'~" 2- ct ~~ ---__ ~~ ~- ~~ ~ ~'~b crv ~ ~ I ~, ~~ ~ ~ ,~ ~__ ~ ---- ~ `~ ~ l ti,-v w ~ G~ ., `~.. ~~~.~ ~ sue. ~ ~. ~ ~..y .a ,, ~~L ~ ~~~ ~~ 7.