Loading...
HomeMy WebLinkAbout09-15-111585610105 REV-1500 =x:oz_rt,tF°-~' OFFICIAL USE ONLY P4 Deaartment of Revenue Pennsylvania Bureau of Individual Taxes ~"""""' `~"""°~ County Cade Year F;e 'umber PO BOX 280601 INHERITANCE TAX RETt1RN ~, I f~ Harrisburg, PA 17128-0601 RESIDENT DECEDENT (1 (~J ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death ?~1MDDYYYY Date of Birth MMDGti'YY`( 174-20-7087 06/15/2010 04/01 /1926 Decedents Last Name Suffix Decedent's First Name till Plough George H (If Applicable) Enter Surviving Spouse's Information Below Spouse's '_ast Name SuYix Spouse's First Name ~L11 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 O 2. Supplemental Return O 3 Remainder Return 'Date of Death Prior to 1Z-13-32' O ~ Limited Estate O 4a. Future '~nterest Compromise (date of O 5 Federal Estate Tax Return Required death after 12-12-82) ~ o. Decedent Died Testate ~ 7. Decedent ~tilamtained a Living Trust 0 3 Total Number cf Safe Deoos~t Boxes rAttach Copy of ~rVillj (Attach Copy of Trust.) O 9_ Litigation °roceeds Recer~ed O 10 Spousal Poverty Credit (Date of Death O 11 _ Election to Tax under Sec. 9113(Al Between 12-31-91 and 1-1-95) (Attach Schedule Oi CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTI,aL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone ^;umber Tricia D. Naylor, Esquire (717) 249-6873n -- - r-~ __ - _?~ I ' _, REGISTER OF USE ONL`~" --,I ~ ~ _- i ~ t t--- i r rl - First Line of Address ,. ~ - T) r 1 - Boric Scherer LLC -;,,_1 _ _ ~ _t --- Second ! ine of Address ~ ' ~ ~ I ~ , _ ~; 19 West South Street I? ~ = ~ ~:~~ cj _ --~, City or Post Office Carlisle Correspondent's a-mail address: V~10..~'01/ rLr G~~ Under penalties of penury, ! declaro c'rat i nave examined this return, including accompanying schedules anti statements, and to the best of my <nowledge and he~ief. d is 'rue, correct and comp) Declaration o reparer they than the personal representative ~s based ar a!I information of which preparer has any knowledge. SIGNATU PON FOR ING RETURN DATE 1 ~6 Newvill~ad, Care PA 17015 SIG RE OF PR A T HAPJ REPRESENTATIVE ADD ESS 19 est South Stree Carlisle, A 17013 PLEASE USE ORIGINAL FO Side 1 1585618185 State ZIP Code PA 17013 ~ 6~r~ C-SL Dar= ~-- I~'_.. (I Y 1585618185 J ~~ J 1505610205 REV-1500 EX (FI) Decedent's Social Security Number decedent's Name: George H. Plough 174-20-7087 RECAPITULATION 1 Real Estate (Schedule A). 1 2 Stocks and Bonds (Schedule B) 2 130,072.47 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 Ej. 5 38,597.$2 6 Jointly Owned Property (Schedule F) O Separate Billing Requested 6 7 Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) O Separate Billing Requested... 7 238,843.47 8 Total Gross Assets (total Lines 1 through 7) ..... 8. 407,513.76 9 Funeral Expenses and Administrative Costs (Schedule H) 9 32,379.46 10 Debts of Decedent, Mortgage Liabilities and Liens (Schedule I).. 10 5,064.15 11 Total Deductions (total'_ines 9 and 10) .. 11 37,443.61 12 Net Value of Estate (Line 8 minus Line 11) .. ..... 12 370,070.15 13 Charitable and Governmental BequestslSec 9113 Trusts for which an election to tax has not been made (Schedule J) .. 13 348,425.15 14. Net Value Subject to Tax (Line 12 minus Line 13) .... ....... 14 21,645.00 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_ '~5 16 Amount of Line 14 taxable at lineal rate X 0 _ 16 17 Amount o` Line 14 taxable at sibling rate X 12 17 18 Amount of Line 14 taxable at collateralrate x 15 21,645.00 18 3,246.75 19 TAX DUE 19 3,246.75 20 FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ~ Side 2 1505610205 1505610205 J REV-i5p0 EX (=1; Page 3 Decedent's Complete Address: DECEDENT'S VAtv1E George H. Plough STREET,~DDRESS -- 407 Greenspring Road Tv Newville Tax Payments and Credits: ~ Tax Due ;gage 2 Line ' gi 2. CreditsiPayments a. Pror ?ayments _____ __________ 3,200.00 B DISCOUnf 160.00 3 merest q. f Line 2 is greater than Line 1 + ! ine 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. 5 f Line ' + L ne 3 ~s greater than '~_ine 2, enter the difference. This !s the TAX DUE. File Number ;raT_ ZIP PA 17241 3, 246.75 Total Credits ; A + 8 I ;2; 3i id1 '5) 3,360.00 113.25 Make check payable to: REGISTER OF Wll_LS, AGENT. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN ";K" IN THE APPROPRIATE BLOCKS Did decedent !rake a transfer and: 'fes Vo a re±ain 'he use sr ncome of the property transferred _. ^ b ~etain the right to designate who shall use the property transferred or its income _. _, c retain a reverionary interest ........ _... .... ~ . _. _ d receive :he promise for life of either payments, benefits or care? 2 If death occurred after Cec 12, 1982, did decedent Transfer property within one year .ri death ~uthc~t receiving adequate consideration? _...... ~ ^ 3. D,d ~e^eden. own an m tr ^ ndiv dutal retiorement accouont, anntuiryaor other non~p obatety at ~;is o~ ner ieath' ^ ~ Did deceden:.,wn an I prop~r(y. ;vhich contains a jenericiary 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 ? 1994 and before Jan. ' 1995, the tax rate imposed on the net value cf transfers to pr for the use of the surviving spouse is 3 percent [72 P.S. g911o (a1 ~' 1; ;ij] For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers `n or for the use of the surviving spouse is 0 percent i72 P.S. y~9116 (al'1 ?; (iij]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements ter disclosure of assets and `ding a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on cr after July 1.2000' • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or ysunger 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. ~91'6la}(1.2)I. ?~e tax rate imposed on the yet value of transfers to or for the use of the decedent's lineal benefciares is ~ 5 percent, except as noted m [72 P.S. §91 ? 6(a)(1)]. The tax rate imposed on the net vague of transfers to or for the use of the decedent's siblings is 'Z percent 17? P.S. g9'1o(a)f" 3)]. A sibling is defined. ender Section 91 ~2. as an individual who has at least one parent in common with the decedent, ,vr,ether by blood or adoption. REV-'503 EX- o-98i - ,~ COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF FILE NUMBER George H. Plough 21-10-0687 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTIQN OF DEATH ~ 940.126 shares of AIM Counselor Ser Ter CUSIP #00142)-24-8 14,844.59 2. 137.824 shares Invesco Energy Fund CUSIP #00142F-30-3 4.165.04 3. 350.313 shares Invesco Utilities Fund CUSIP #00142F-52-7 4,876.36 4 1 ~ 649,503 shares American High Income Fund CUSIP #026547-20-8 6 897 72 5. 250.646 shares Capital World Bond Fund CUSIP #140541-20-2 4,902.64 6. 4088.962 shares Eaton Vance Muns Trust CUSIP #27826L-50-4 38,477.13 7 1985.077 shares Federated Prudent Dollarbear Fund CUSIP #31420C-69-6 11, 712.57 8 563.034 shares Income Fund of America CUSIP #453320-20-2 i 8.558.12 9. 324.659 shares Limited Term Tax Exempt Bond Fund CUSIP #532726-20-5 i i 5,032.21 10 1269.329 shares Oppenheimer PA Municipal Fund CUSIP #683940-20-9 13.797.61 11 400.04 shares Tax-Exempt Bond Fund CUSIP #876902-20-6 4.848.48 12. ~ 1000 shares Behringer Havard Short Term Opportunity Fund !, LP CUSIP #07724P104 6,450.00 13. 580 shares AMREIT, Inc. CUSIP #032158107 5.510.00 I TOTAL (Also enter Jn iine 2, Recapitulation) ~ $ 130, 072.47 i,lf more space is needed, nsert additional shee!s of the carne size) • REV-i$o8EX+ri?-ion j i~ Pennsylvania OE~AR?'s_NT 0= R=VEV'JE iNHERiTANCE TAX RETb RN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS & MISC. PERSONAL PROPERTY ESTATE OF: FILE NUMBER: George H. Plough 21-10-0687 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Adams Electric Cooperative -refund of utility 5.73 2. AARP -refund of insurance 215.70 3. Misc. personal property (see attached continuation schedule) 21,645.00 4, Sammons Bank Deposit Sweep i 14,939.08 I 5. AARP -refund 58.00 g. Erie Insurance -refund 33.00 7. JP Wolfe Insurance -refund 266.00 g, i US Treasury - 2010 income tax refund 495.00 I g, Commonwealth of PA - 2010 income tax refund 595.00 1 p, Commonwealth of PA 345.31 TOTAL (Also enter on Lne 5, Recapitulation) $ i 38,597.82 If more space is needed, use additional sheets of paper of the same size. Pennsylvania SCHEDULE G DEPARTMENT ~~F 7EVENJE INTER-VIVOS TRANSFERS AND I:vrxRlraNCE TAX RETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER George H. Plough 21-10-0687 This schedule must oe completed and filed if the answer to any of questions 1 through 4 Jn page three of the REV-1500 is yes. DESCRIPTION Or PROPERTY ITEM :NCLGCE TFE NAME DF THE TRANSFEREE, THEIR REL1T10NSHIP TO DECEDEM ANC I DA i E C` DEATH '/o OF DECD~S EXCLUSION TAXABLE ,~ L M3ER TFE DATE JF TRANSFER. 4TTACH A DOPY OF THE DEED FOR REAL ESTATE. VA'_UE OF ASSET INTEREST ~"F APP'.]C.~BLE) VALUE - North American Company Annuity Policy #8000008856, beneficiary Bethesda Mission gg5.21 100 995.21 2 National Western Annuity Policy #101108209, beneficiary The George H. Plough Trust dated July 24, 2002 6,281 83 100 6,281.83 3 National Western Annuity Policy #101090264, beneficiary The George H. 18407 75 100 i 18 407 75 Plough Trust dated July 24, 2002 . , 4 North American Company Annuity Policy #8000016015, beneficiary The George H. Plough Trust dated July 24, 2002 11,360.67 100 11,360.67 5 OM Financial Annuity Policy #L9071022, beneficiary The George H. Plough Trust dated July 24, 2002 15072,88 , 100 15,072.88 6 i Midland National Life Insurance Co. Annnuity Policy #8500379133 53193.53 i 100 53,193.53 7 The George H. Plough Trust dated July 24, 2002 i Comprised of the following: a. Real Property known as 407 Greenspring Rd., Newville, Cumberland 78,830.93 100 ~ 78 830.93 County, Pennsylvania, Parcel No. 30-OS-0593-030 , b. Members 1st Federal Credit Union savings account #258203 16.188.23 100 i 16,188,23 c. Orrstown Bank checking account #640557 494.77 100 494.77 d. F&M Trust account #34-25150 2,742.30 100 i ' 2742.90 ~ e. F&M Trust savings account #08-18465 35.274.77 ~ 100 i 35,274 77 i I TOTAL (Also enter or '_inp 7, Recapitulation) $ 238,843.47 :f more space is needed, use additional sheets a` Daper Jf the same size Pennsylvania ~E PA R7~~E;~'i CF aEV ENi1"c .VHERiTANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER George H. Plough 21-10-0687 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT a FUNERAL EXPENSES: ~ Egger Funeral Home 6,763.07 B ADw1INISTRA`PJE COSTS: 1 ?ersonal Representative Commissions: Name(s) of Personal Representative(s) Antonio Santana ~~i Stmet Address 1556 Newville Rd. ty Carlisle. __ _ _ sta:a PA zIP 17015 __ ~~I Year!s; Commission Paid: 201 1 2. ~ attorney Fees: 3. ~ Family Exemption: ([f decedent's address Is not the same as claimant's, attach explana~:ian) i ~laimant Street .Address City State SIP Relationship of Claimant to Decedent ___ i T. ~ Probate Fees: i ~~ ~ Accountant Fees: o. ~ Tax Return Preparer Fees: Legal Advertising -Sentinel $166.30 / CCLJ $75.00 a Appraisal - Rowe's Auction Service 9. Short Certificates ~ o ' Paul Barclay -hauling and clean up of trash ~ i ' Tom Provins -lawn service ~z. See Attached Continuation Schedule H i TOTAL (Also enter on Line 9, Recapitulation) $ If more space is needed, use additional sheets of paper of the same size. 10.000.00 11,596.39 323.50 241.30 115.00 8.00 1,188.00 200.00 1.944.20 32.379.46 Pennsylvania SCHEDULE I D`eRARTMENT ~F RE''EN'~E DEBTS OF DECEDENT, IN"ERIraNCEraxRETJRr~ MORTGAGE LIABILITIES & LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER George H. Plough 21-10-0687 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. If more space is needed, Insert additional sheets of the same size RE's/-1513 _X- !~1-.Oj Pennsylvania DEPA RTM cNT OF RE'JEfJUE LVHER[TANCE TAX RETURN RESIDENT DECEDENT SCHEDULE BENEFICIARIES ESTATE OF: FILE NUMBER: George H. Plough 21-10-0687 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 spousal distributions and transfers under Sec. 9116 (a) (1.2).] 1 Tony Santana, 1556 Newville Rd, Carlisle, PA 17015 friend 21645.00 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-15D0 COVER SHEET, AS APPROPRIATE. II NONTAXABLE DISTRIBUTIONS A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1. See Attached Continuation Schedule showing distributions to 501(c)(3) charities 348,425.15 according to Schedule B of Trust Agreement TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. I $ 309,956.20 If more space is needed, use additional sheets of paper of the same size. Cw,}„~,~~,~,~ ScY, E ROWE'S AUCTION SERVICE 2505 RITNER HIGHWAY CARLISLE, PA 17015 717-249-1978 To: David A. Baric, Attorney Baric Scherer 19 West South Street Carlisle, PA 17013 From: William G. Rowe, Appraiser Rowe's Auction Service 2505 Ritner Highway Carlisle, PA 17015 Re: Personal Property Appraisal Estate of George H. Plough 407 Green Spring Road Newville, PA 17241 Date: August 12, 2010 HALLWAY -DINETTE AREA -KITCHEN Dining room set -sideboard -table -chairs $150.00 Corner cupboard $50.00 Kitchen wares $45.00 Refrigerator -old $20.00 Computers - no value $0.00 Vanity $10.00 Stool $10.00 DINING ROOM -OFFICE Wall hangings $10.00 Old record players (3) - no value $0.00 Records /tapes $15.00 Office chair $35.00 Bookcase $10.00 Drill press $20.00 Small tools $10.00 Table $50.00 Old computer parts /desk - no value $0.00 HALL CLOSET Toys /games $25.00 BEDROOM -STORAGE AREA Knick knacks $15.00 Table $10.00 Toys $50.00 Miscellaneous household $45.00 Clock $10.00 Dresser $30.00 Lamp $10.00 Collectibles $50.00 Plough Appraisal 1 08/12/2010 BEDROOM 3 pc. bedroom set - as is condition T.V. Gun case Miscellaneous household BEDROOM -STORAGE Model planes /parts Cabinet Miscellaneous household BASEMENT Desk Freezer - no value Hand cultivator Miscellaneous household Bookcase Table saw Lots of bicycle parts GARAGE Tool cabinet !tools Cupboard Oil tanks Trailer Miscellaneous garage /hardware, etc. Long-handle tools Push hand mower Small electrical power tools Simplicity mower w/ blade Compressor Small hand tools Sled Golf clubs - no value Bicycle parts 2001 Toyota Corolla -fair condition 2005 Honda Civic Fashion CF 250T Scooter $15.00 $30.00 $25.00 $45.00 $215.00 $30.00 $35.00 $115.00 $0.00 $10.00 $25.00 $15.00 $45.00 $70.00 $105.00 $25.00 $30.00 $75.00 $30.00 $15.00 $5.00 $40.00 $550.00 $15.00 $35.00 $15.00 $0.00 $50.00 $7,000.00 $11, 000.00 $1,300.00 TOTAL $21,645.00 William G. Rowe i Plough Appraisal 2 08/12/2010 Continuation of Schedule H Estate of File Number George H. Plough 21-10-0687 ITEM NUMBER DESCRIPTION AMOUNT 1. Paul Barclay -lawn service 3.00 2. Darlene Pittman, Tax Collector - 2010 School Tax 1,189.20 3. Erie Insurance -homeowners insurance 720.00 Total $ 1,944.20 Continuation of Schedule J Estate of File Number George H. Plough 21-10-0687 The residue of the estate is distributed to the George H. Plo~zgh Trust which is to be distributed to eight charities according to Schedule "B" attached to the Trust document. Two trust documents were found with different Schedules "B" attached. The Schedules list different charities. The appropriate charitable beneficiaries will be determined by the court. Regardless of which list of charities is found to be the appropriate beneficiaries, the trust will be distributed to 501(c)(3) charities, and therefore $309,956.20 of non- taxable distributions are claimed on this return. Both Schedules "B" are attached to the trust document enclosed with this return.