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HomeMy WebLinkAbout10-26-11 (2)J 1505610143 REV-1500 Ex(°'-'°' PA Department of Revenue OFFICIAL USE GNLY pennsylvania County Code Year File Number Bureau of Individual Taxes DEPARTMENT OP REVENUE Po Box.zaosoi INHERITANCE TAX RETURN 21 11 002 65 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 178 07 6832 02 11 2011 12 25 1918 Decedent's Last Name Suffix Decedent's First Name MI SOWERS SARA E (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 ~~ 1. Original Return ~ 2. Supplemental Return 4. Limited Estate ~ 4a Future Interest Compromise (date of death after 12-12-82) l J g Decedent Died Testate (Attach Copy of Will) ~ T Decedent Maintained a Living Trust (Attach Copy of Trust) 9. Litigation Proceeds Received ~ 10 Spousal PovertyY Credit (dale of death between 12-31-81 and i-1-95) 3. Remainder Return (date of death prior to 12-13-82) 5. Federal Estal:e Tax Return Required ~ _ 8. Total Number of Safe Deposit Boxes 11. Election to ta:~ under Sec. 9113(A) (Attach Sch. O) CORRESPONDENT - 7HIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number WM D SCHRACK III ESQ 717 432 9733 First line of address 124 W HARRISBURG STREET Second line of address City or Post Office DILLSBURG State PA Correspondent's a-mail address: Schracklaw@comcast.net ZIP Code ~' 170191268 Under penalties of perjury, 1 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. S)GNAT E OF PERSON SPO IBL FOR FILING RETURN DATE " Elaine J. Murray ~v 'e~~ `1~ ADDRESS 514 Bosler Avenue Lemo ne PA 17043 SIGNATURE PR RER R THAN REPRESENTATIVE DATE ADDRE Wm. D. ScYtrack III Esq. ~ sac f f~ 124 W. Harrisburg Street, Dillsburg, PA 17019-1268 Side 1 7,50561.0143 1,50561,01 u3 J L~ --rT REGISTEI~F WILLS USE-ONLY -,-~ - -> _. -I: ~ -. ,: .,,, ;., `~' ~ _: -, ',"t ... I QATE~ FILED ' ~ ~ t PA Inheritance Tax Return Signature of Additional Fiduciaries ESTATE OF FILE NUMBER Sowers, Sara E. 21-11-00265 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 preparer other than the personal representative is based on all information of which preparer has any knowledge. Signature #2 ~ L~~P ~ ~ ~ ~ ~ Name Sandra L. Grove Address1 2409 Massachusetts Avenue Address2 City, State, Zip Camp Hill, PA 17011 Date i ~~t y ~ // 1505610243 REV-1500 EX DecedenCs Name. SOWerS, Sara E. 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. 6. Jointly Owned Property (Schedule F) ~ Separate Billing Requested.......... .. 6. 7. Inter-Vivos Transfers & Miscellaneous t~ ~q-Probate Property (Schedule G) _ Separate Billing Requested.......... .. 7. 8. Total Gross Assets (total Lines 1-7) ............ ...................................................... ... g_ 9. - Funeral Expenses & Administrative Costs (Schedule H) ..................................... -- .. 9. 10. Debts of Decedent, Mortgage Liabilities, 8 Liens (Schedule I) ............................ .. 10. 11. Total Deductions (total Lines 9 8 10) ..................... ............................................ .. 11. 12. Net Value of Estate (Line 8 minus Line 11) ....... 13. ............... . _........__ .....__... Charitable and Governmental Bequests/Sec 9113 Trusts for which 12. an election to tax has not been made (Schedule J) .............................................. . 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) ............................................. .. 14. 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 .00 15. 16. Amount of Line 14 taxable at lineal rate X .045 8 90 , 0 63.98 16. 17. Amount of Line 14 taxable at sibling rate X .12 0 . 0 0 17, 18. ,4mour.t cf Line 14 taxable at collateral rate X .15 0 . 0 0 18. 19. Tax Due .... .. .................. ........................................................................ 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. Decedent's Social Security Number 178 07 6832 920,395.15 920,395.15 30,214.17 117.00 30,331.17 890,063.98 890,063.98 0.00 40,052.88 0.00 0.00 40,052.88 Side 2 y505610243 150561,~?~+5 J REV-1500 EX Page 3 File Number 21-11-00265 Decedent's Complete Address: DECEDENT'S NAME _ Sowers, Sara E. STREET ADDRESS Woods at Cedar Run CITY 824 Lisburn Road Camp Hill 'STATE ZIP PA 17011 Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) (1) 40,052.88 2. Credits/Payments --- - A. Prior Payments 39,000.00 B. Discount 2,002.64 Total Credits (A + g) (2) 41,002.64 3. Interest (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 2 Line 20 to request a refund (4) ___ 949.76 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) Make Check Payable to: REGISTER OF WILLS, AGENT. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" !N 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 .............. ~ ^ .............................................................................................. __ x d. receive the promise for life of either payments, benefits or care? .......................... _ ............... _. 1, I ~ x 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without - receiving adequate consideration? ........................... _ -J .............................................. .......................... [- ~ [ x 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?...... ~J 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation?...... ... _ x_ 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 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 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 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 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 impose { oe it!e net value of transfers to or for the use of the decedent's siblings is 12 percent [72 P.S. §911 (al ;1.3)]. A sibling is defined uncer Section 9102, as an individual who has at leas' 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 SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF Sowers, Sara E. Include the proceeds of litigation and the date theproceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on schedule F. FILE NUMBER 21-11-00265 _ - - - - ,,..~,~~„a~ NayG~ ~~ uie same slze) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 ~~chedule E (Rev. 6-98) REV-1151 EX+(10-06) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES ~ ADMINISTRATIVE COSTS tSiATE OF Sowers, Sara E. Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION A. FUNERAL EXPENSES: FILE NUMBER 21-11-00265 I AMOUNT See continuation schedule(s) attached 7,767.50 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Street Address City State Zio Year(sl Commission Daid 2. Attorney's Fees Wm. D. Schrock III Esq. 19,500.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zio Relationship of Claimant to Decedent 4. Probate Fees 673.50 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 2,273.17 See continuation schedule(s) attached TOTAL (Also enter on line 9, Recapitulation) 30,214.17 Copyright (c) 2009'crm sohuare only The Lackner Group, Inc. Form PA-'15b0 Schedule H (Rev. 10-06) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Sowers, Sara E. 21-11-00265 ITEM NUMBER DESCRIPTION Funeral Exaenses 1 Musselman Funeral Home 2 Rolling Green Cemetery -monument and engraving Other Administrative Costs 3 Clerk of Orphans' Court -Release filing fee 4 Cumberland Law Journal -estate advertisement 5 Miscellaneous expenses during period of administration 6 Patriot Evening News -estate advertisement 7 Register of Witls -Inheritance Tax Return filing fee 8 Reserve for future administrative expenses Copyright (c) 2002 form software only The Lackner Group, Inc. AMOUNT 5,967.50 1,800.00 H-A 7,767.50 5.00 75.00 30.00 148.17 15.00 2,000.00 H-B7 2,273.17 Forrn PA-1500 Schedule H (Rev. 6-98) Rev-1512 EX+(12-08) (- COMMONWEALTH OF PENNSYLVANIA INHERITANCE 7AX RETURN RESIDENT DECEDENT SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS ESTATE OF Sowers, Sara E. FILE NUMBER 21-11-00265 Report debts incurred by the decedent prior to death that remained unoaiH arm. Ham .,~ Hn~,6 :....~..d:__ ..___:-~ .. - - --- ._ .._ ....~.~..~ ~o~ ,.ayoa ~~ Inc name slze/ Copyright (c) 2009 form soft~.v~re oily The Lackner Group, Inc. Form PA-1500 Schedule I (Rev. 12-08) REV-1513 EXF (11-08) $ SCHEDULE J COM INDHE~ANCEDT~ RETURLN ANIA B E N E F I C IA R T E S RESIDENT DE EDENT ESTATE OF Sowers. Sara F_ FILE NUMBER - ) ~t-t t-w coa NUMBER NAME AND ADDRESS OF PERSON(Sl RECEIVING PROPERTY RELATIONSHIP TO DECEDENT SHARE OF ESTATE AMOUNT OF ESTATE Do Not List Trustee (WDrdS~ ($$$~ I. TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 a 1.2 Sandra L. Grove Daughter 445 031 99 2409 Massachusetts Avenue , . Camp Hill, PA 17011 Elaine J. Murray Daughter 445 031 99 514 Bosler Avenue , . Lemoyne, PA 17043 Enter d ll f Total 890,063.98 o ar amounts or distributions shown above on lines 1 5 throw h 18 on Rev 150 0 cover sheet, as a pr o riate. II NON-TAXABLE DISTRIBUTIONS: . A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS I TOTAL OF PART Il -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHE FT Copyright (c) 2009 form soft~r~are only The Lackner Group, Inc. Fcrm PA-1 S00 Schedule J (Rev. 11-OS) c:\m}~leslvvillslSarasowers Qsg) ~~c~# Cz.C~ ~c~ C`~~s#~t~rcexc~ OF SARA E. SOWERS BE IT REMEMBERED, that I, SARA E. SOWERS, presently of `The Woods", Lower Allen Township, Cumberland County, Pennsylvania, being of sound mind, memory, and understanding, do make, publish, and declare this as and for my Last Will and Testament, hereby revoking and making null and void any and all Wills and Testaments and writings in the nature thereof by me at any time heretofore made. ITEM 1: I direct that my hereinafter named Co-Executors pay all my just debts, my funeral expenses, and the expenses of the administration ofmy estate. With this direction, I authorize and empower my Co-Executors to expend for my funeral expenses and interment such amounts as may be considered necessary and proper, without regard to any limit that may be prescribed by a court of law. ITEM 2: I direct my Co-Executors to pay all inheritance, estate, succession, and legacy taxes of whatsoever nature and kind, to which my estate or the transfer of any property passing hereunder or otherwise passing by reason of my demise, may be subject and to charge such taxes against my residuary estate, it being my intention that none of the aforesaid taxes, either i~ederal or state, on any property reduired to be included in my gross estate, under the provisions of any state or federal law now in force or hereafter enacted, shall be prorated among the persons interested in my estate to whom such property is or may be transferred or to whom any benefit accrues. iTEPvi ~: Ail the rest, residue, and remainder ofmy estate, of whatsoever Nature and wheresoever situate, whether it be real, personal or mixed, including property over which I have a power ofappointment, I give, devise, and bequeath unto my daughters, ELAINE J. MUl.2RAY and SANDRA L. GROVE, in equal shares, per stirpes. ITEM 4: I appoint my daughters, ELAINE J. HURRAY and SANDRA L. GROVE, as Co-Executors ofthis my Last Will and Testament, directing that they shall not be required to give bond for the faithful performance of duties in this or any jurisdiction. IN WITNESS WHEREOF, I have hereunto set my hand and seal this ~ ~~ ~ ,,~~,~, day of ~G~'i~ ~ C~%~- , 2002 . ~; -. SARA E. SOWERS The preceding instrument, consisting ofthis and one (1) other typewritten page, U~as on the day and date thereof signed, sealed, published, and declared by the Testatrix herein named, as and for her Last Will and Testament, in the presence of us, who, at her request, in her presence and in the presence of each other, have subscribed our names as witnesses hereto. ~ ~ _ OF ~ ; ~ y ;- /,//~ ~ ~~ i ,' . ,j ,; -_ .~ ~ ~ %I - `" T t% Page 2 COlVI1VIONWEALTB[ OF PENNSYLVANIA COUNTY OF YORK We, SARA E. SS. _~~., i ,r~ and ~ ~ ' ~ the Testatrix and the witnesses, respectively, whose names are signed to the attached or 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, and that she signed willingly, and that she executed it as her free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testatrix signed the Will as witnesses, and that to the best of their knowledge, the Testatrix was at the time eighteen (18) years of age or older, of sound mind, and under no constraint or undue influence. SWORN TO AND SUBSCRIBED BEFOREJMn, E THIS ~2~ DAY OF ~vlG~2~_ .....,.... 2002. ~°'f ~ ... ; -,: °. ~~ ~ ~ :~ _ ~.- ;. ,~ r ~ ~~~. Bnn ~or~ ~eurcy a '>.cs=-cr:ss_;,r F=:_p:es C3ct. 25, 2'?QL ~v~~.~.-=ice L{' '1~~..-j +~7~y SARA E. SOWERS r-• ~ i ! j Oj~~~~:- ~~O ;~: ~ i~ ..~~ WEALTH PRESERVATION AND FINANCIAL STRATEGIES March 2, 2011 Law Office of Wm. D. Schrack III 1.24 West Harrisburg Street Dillsburg, PA 17019-1268 RE: Sara Sowers Dear Mr. Schrack: Per your letters dated February 28, 2011 regarding the Estate of Sara E. Sowers following is the information you requested on her accounts with BTS Asset Management/Trust Company of America and Curian Clearing: BTS Asset Management/Trust Company of America Individual Account in the name of Sara Sowers Account #306827 Balance as of 2/11/11 - $211,617.72 Curian Clearing Individual Account in the name of Sara Sowers Account #R-A2238500B Balance as of 2/11/11 - 5478,417.23 --~ ~' I, tnerL is anyiiting`urther we can assist Nutt witi~ please let us know. Sincerely, Tina . ~ agill Office IVIanager Enc. i O 2009 1'Iarket Street, Camp Hill, Pa 17011 O Yhone (717) 475-8800 O Fax (717) 975-0646 r, Registered Representative Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative Cambridge Investment Research Advisors, Inc. a Registered Investment Advisor. Cambridge and The Conte Bro~rne Group, LLC are nol xi~tiliated. Mar. 1~ 101' ~7:5y~M !'NC ~?A~1K ~~1-~!~~_1_~2~ ,, ~', :, L ` ~~ LE4Dl4V$1'!iE WAY March 15, 2011 William D Schrack III Esq. 124 W Harrisburg St Dillsburg, PA 17019-1268 RE: Sara Ellen Sowers SSN: 178-07-6832 DOD: 02-11-2011 Dear Mr. Schrack: Ia response to your request for Date of Death (DOD) balances for the customer noted above, our records show the following: Checking Account Account ~ 5140198111 Established: 06-01-1968 SARA ELLEN SOWERS DOD balance: $ 47,045.46 + 1.15 accrued interest Interest paid 01-01-2011 thru 02-11-2011 $ 2.02 YTD ,``~ Savings Account Account ~ 5004047191 Established: 07-14-2003 SARA ELLEN SOWERS DOD balance: $ 183,289.74 + 23.$5 accrued interest Interest paid O 1-01-2011 thru 02-11-2011 $ 43.68 YTD Please note that this office provides date of death balances for deposit accounts (IRAs, CDs, Checking and Savings). We do not process any financial transactions or provide statements, if you need assistance with stay of these items, please call 1-888-PNC-BANK (1-888-762-2265) or stop by your local PNC Bank branch office. Sincerely, National Financial Services Center PNC Bank, N.A. - Member FDIC i P~~r 1 of ~