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HomeMy WebLinkAbout03-22-12J 15D5611185 REV-1500 EX (02-11)(FI) PA Department of Revenue OFFICIAL USE ONLY Bureau of Individual Taxes County Code Year File Number Po Box zaosol INHERITANCE TAX RETURN 2 ], ], ], D ~ D 6 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 239-82-1335 01182011 11D91948 Decedent's Last Name Suffix Decedent's First Name M I TOOMEY RONALD L (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI TOOMEY PATRICIA Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE 169-44-6658 REGISTER OF WILLS FILL IN APPROPRIATE BOXES BELOW 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 ^X 6. Decedent Died Testate ^ death after 12-12-82) 7. Decedent Maintained a Living Trust 8. Total Number of Saf D i (Attach Copy of Will) (Attach Copy of Trust.) e epos t Boxes ^ 9. Litigation Proceeds Received ^ 10. Spousal Povert Credit (D t f D h ^ y a e o eat Between 12-31-91 and 1-1-95) 1 1. Election to Tax under Sec. 9113(A) (Attach Schedule O) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name D aytime Telephone Number RICHARD C • SNELBAKER r-_: 717-6978 ~:; ,_~ ~? First Line of Address SNELBAKER & BRENNEMAN Second Line of Address 44 WEST MAIN STREET City or Post Office MECHANICSBURG r x,. S ;- ~ c _``~ U ° SE LY ` '~ ~% i ~ ~.i:J ~`-: ~ = 1. ~- =9 r-r-t ra G•~ ~ -- `::~ - ~, -~ ~ ; j ...~._t t1 ;r - ~ C` _ =t7 y ~ _, --t .. ~ State ZIP Code ~ DATE FILED PA 17D55 Correspondent's a-mail address: 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. RE OF PERSON RESPONSIBLE FOR FILING RETURN ADDRESS PATRI ~ ~~ ~ A TOOMEY, EXECUTRIX 9D4 16TH STREET, NEW CUMBERLAND PA 17070 ~~~-~ / ~ ~~pc~~rc v ~ nett i n~-v~ r(trKt~tlV IHI fvt D//A~~TE ADDRESS RICHARD C- SNELBAKER 44 WEST MAIN STREET, MECHANICSBURG PLEASE USE ORIGINAL FORM ONLY PA 17055 Side 1 15D5611185 15D5611185 OM4647 3.000 DATE /~i°-~ REV-1500 EX (FI) 1505611285 Decedent's Social Security Number 239-82-1,335 Decedent's Name: T O O M E Y R O N A I D RECAPITULATION 1. Real Estate (Schedule A) 1 0 0 0 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 6. Jointly Owned Property (Schedule F) ~ Separate Billing Requested 6 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ~ Separate Billing Requested 7. 8. Total Gross Assets (total Lines 1 through 7) , . 8. 9. Funeral Expenses and Administrative Costs (Schedule H). g 10. Debts of Decedent, Mortgage Liabilities, and Liens (Schedule I) 10. 11. Total Deductions (total Lines 9 and 10) , 11. 12. Net Value of Estate (Line 8 minus Line 11) 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 12 minus Line 13) 14 TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers un~er Sec. 9116 (a)(1.2) x .o _ 6, 5 0 9 •5 0 15. 16. Amount of Line 14 t xable 0 4~ at lineal rate x 17. . Amount of Line 14 taxable 0. 0 0 16. at sibling rate X .12 0 - 0 Q 18. Amount of Line 14 taxable 17. at collateral rate X .15 0 0 Q . 18. 19. TAX DUE 19. 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 1505611285 OM4648 3.000 1505611285 0.00 0.00 O.oo 11,000.00 0.00 0.00 11,000.00 4,490.50 0.00 4,490.50 6,509.50 0.O~J 6,509.50 0.00 0.00 0.00 0.00 0.00 REV-1500 EX (FI) Page 3 Decedent's Complete Address File Number a~ i i n~nr DECEDENT'S NAME TOOMEY RONALD L STREET ADDRESS 4 T H BOROUGH CUMBERLAND COUNTY CITY STATE ZIP NEW CUMBERLAND PA 17070- Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) (1) 0.00 2. Credits/Payments A. Prior Payments 0 . 0 0 B. Discount D • 0 0 Total Credits (A + B) (2) 0 . 0 0 3. Interest (3> 0.00 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in box on Page 2, Line 20 to request a refund. (4) 0 , 0 0 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 0 , 0 0 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 ^ b. retain the right to designate who shall use the property transferred or its income ^ 0 c. retain a reversionary interest ^ d. receive the promise for life of either payments, benefits or care? ^ 2. If death occurred after Dec. 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 security at his or her death? ^ 0 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 is 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 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 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(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, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. 0 M 4671 2.000 REV-1508 EX+ It 7_10) pennsylvania DEPARTMENTOF REVENUE INHERITANCE TAX RETURN RESIDENT DECE DE NT SCHEDULE E CASH, BANK DEPOSITS, 8~ MISC. PERSONAL PROPERTY ESTATE OF: FILE NUMBER: Ronald L. Toomey 21 11 0306 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 1.2007 GMC Truck, sale value 11,000.00 TOTAL (Also enter on line 5 Recapitulation) $ ~ 11 , 000 00 owasAD 2.00o If more space is needed, use additional sheets of paper of the same size. REV-1511 EX+ (10-09) pennsylvania SCHEDULE H DEPARTMENTOFREVENUE FUNERAL EXPENSES AND INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER Ronald L. Toomey 21 11 0306 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: ~ None B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s) of Personal Representative(s) Street Address City State ZIP Year(s) Commission Paid: z. Attorney Fees: Snelbaker & Brenneman, P.C. 750.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation.) 3 , 500.00 Claimant Patricia Toomey Street Address 904 16th Street City New Cumberland State PA ZIP 17050 4. 5. 6. 7. 1 Relationship of Claimant to Decedent SPOUSE Probate Fees: Accountant Fees: Tax Return Preparer Fees: Register of Wills filing fee for Inheritance Tax Return Total from continuation schedules . 125.50 15.00 100.00 TOTAL (Also enter on Line 9 Recapitulation) $ 4 , 490 50 swasnc z o0o If more space is needed, use additional sheets of paper of the same size. Estate of: Ronald L. Toomey Schedule H Part 7 (Page 2) 21 11 0306 2 Reserve filing fees and other miscellaneous costs associated with the administration of the Decedent's estate. 100.00 Total (Carry forward to main schedule) 100.00 REV-1513 EX+ (01-10) pennsylvania DEPPRTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES to i A i t ter: FILE NUMBER: Ronald L. Toomey ~, „ n~nc V J V V RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Sec. 9116 (a) (1.2).] 1. Patricia Toomey 904 16th Street New Cumberland, PA 17070 All of Residue to Patricia Toomey 904 16th Street New Cumberland, PA 17070: 6,509.50 Surviving Spouse 6,509.50 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 1 8 OF REV-1500 COVER SHEET, AS APP ROPRIATE. [[ NON-TAXABLE DISTRIBUTIONS A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS 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. $ 0.00 it more space is needed, use atltlitional sheets of paper of the same size. 9W46AI 2.000 LAST WILL AND TESTAMENT OF RONALD L. TOOMEY I, Ronald L. Toomey, of New Cumberland, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby declare this to be my Last Will and Testament, hereby revoking all prior wills and codicils. FIRST: The expenses of my last illness and funeral shall be paid out of my Estate. SECOND: I may leave a written statement or list in my safe deposit box or with this will disposing of certain items of my tangible personal property not otherwise specifically disposed of herein. Any such statement or list in existence at the time of my death shall be deemed determinative with respect to all items bequeathed therein. If no written statement or list is found in my safe deposit box, or elsewhere, and properly identified by the Executor within thirty (30) days after the probate of my will, it shall be presumed that there is no such statement or list; any subsequently discovered statement or list shall be ignored. I bequeath all my tangible personal property owned by me at the time of my death, together with all insurance policies thereon, to my wife, Patricia Toomey, if she survives me by thirty (30) days. In the event she fails to survive me by thirty (30) days, I bequeath said tangible personal property and all insurance policies thereon, in as nearly equal shares as is practicable, to my nephews, Michael Lescanic and Nicholas 1 of 10 ~~_,G=' Lescanic and my niece, Kathryn Lescanic, who survive me by thirty (30) days. THIRD: I give, devise and bequeath all the rest, residue and remainder of my Estate to my wife, Patricia Toomey, if she survives me by thirty (30) days. In the event she fails to survive me by thirty (30) days, I give, devise and bequeath all the rest, residue and remainder of my Estate in substantially equal shares to my nephews, Michael Lescanic and Nicholas Lescanic and my niece, Kathryn Lescanic, who survive me by thirty (30) days. The share of any beneficiary who has not attained the age of twenty-five (25) years at the date of my death shall be held IN TRUST for the benefit of said beneficiary, to be administered and distributed as provided in paragraph FOURTH hereof. FOURTH: The following provisions shall apply to any trust established pursuant to the provisions of this will: (a) The Trustee shall pay the net income arising from the principal of this Trust in convenient, not less than annual, installments in equal shares to the Beneficiary during his or her lifetime. (b) During the lifetime of the Beneficiary, the Trustee shall pay to or for the benefit of the Beneficiary so much of the principal of this Trust as may be necessary, in the sole discretion of the Trustee, for the proper support, maintenance, medical care and college or higher education of the Beneficiary. 2of10 ~y~ (c) Upon the attainment of the age of twenty-five (25) years by the Beneficiary, the Trust for the Beneficiary shall terminate and the Trustee shall pay to the Beneficiary all of the assets of the Trust, absolutely and in fee simple. (d) Should the Beneficiary die before final distribution of the assets of said Trust, but be survived by then living issue, the Trustee shall quarterly pay the net income from said Trust to or for the benefit of said issue, per stirpes, living at each time of quarterly distribution; as soon as any one of the said issue attains the age of twenty-one (21) years, and in no event later than twenty (20) years following the death of the Beneficiary, the Trustee shall pay over all of the then assets in Trust to the then living issue of such deceased Beneficiary, per stirpes. Should the Beneficiary die before final distribution and not be survived by then living issue, the provisions of subparagraph (e) herein shall obtain. (e) If at any time before final distribution of the assets of this Trust there is no living Beneficiary of this Trust, the Trust shall terminate and its assets shall be distributed in the manner set forth in paragraph SEVENTH of this will as if I had died on the date that this Trust no longer has any living Beneficiaries. Provided, however, that if there is then in existence any trust created hereunder for the benefit of any beneficiary referenced in 3of10 paragraph SEVENTH, the assets which would have been paid to the beneficiary shall be added to the principal of the Trust established for the benefit of such Beneficiary. FIFTH: In the settlement of my estate and during the continuance of the foregoing Trusts, the Executor and the Trustee shall possess, among others, the following powers: (a) To retain any investments I may have at my death, including specifically those consisting of stock of any bank even if I have named such bank as the Executor or Trustee herein, so long as the Executor or Trustee may deem it advisable to my estate so to do. (b) To vary investments, when deemed desirable by the Executor or Trustee, and to invest in such bonds, stocks, notes, real estate mortgages or other securities or in such other property, real or personal, as they shall deem wise, without being restricted to so- called "legal investments", and without being limited by any statute or rule of law regarding investments by fiduciaries. (c) In order to effect a division of the principal of a Trust or for any other purpose, including any final distribution of a Trust, the Executor or Trustee is authorized to make said divisions or distributions of the personality and realty, partly or wholly in kind, and to allocate specific assets among beneficiaries and 4of10 ~ Trusts created hereunder so long as the total market value of any share is not affected by such division, distribution or allocation in kind. Should it appear desirable to partition any real estate, the Executor or Trustee is authorized to make, join in and consummate partitions of lands, voluntarily or involuntarily, including giving of mutual deeds, recognizances or other obligations, with as wide powers as an individual owner in fee simple. (d) To sell either at public or private sale and upon such terms and conditions as the Executor or Trustee may deem advantageous to the estate or Trust, any or all real or personal estate or interest therein owned by the estate or Trust severally or in conjunction with other persons or acquired after my death by the Executor or Trustee, and to consummate said sale or sales by sufficient deeds or other instruments to the purchaser or purchasers, conveying a fee simple title, free and clear of all trust and without obligation or liability of the purchaser or purchasers to see to the application of the purchase money or to make inquiry into the validity of said sale or sales; also, to make, execute, acknowledge and deliver any and all deeds, assignments, options or other writings which may be necessary or desirable in carrying out any of the powers 5 of 10 ,~j j„? ' ~ ~-~~`" conferred upon the Executor or Trustee in this paragraph or elsewhere in my will. (e) To mortgage real estate, and to make leases of real estate. (fl To borrow money from any party, including the Executor or Trustee, to pay indebtedness of mine or my estate, expenses of administration or inheritance, legacy, estate and other taxes, and to assign and pledge assets of my estate therefor. (g) To pay all costs, taxes, expenses and charges in connection with the administration of my estate or a Trust. (h) To make distributions of income and of principal to the proper beneficiaries thereof, during the administration of my estate, with or without court order, in such manner and in such amounts as my Executor deems prudent and appropriate. (i) To vote any shares of stock which form a part of the estate or Trust, and otherwise to exercise all the powers incident to the ownership of such stock. (j) In the discretion of the Estate or Trustee, to unite with other owners of similar property in carrying out any plans for the reorganization of any corporation or company whose securities form a part of the estate. (k) To disclaim any interest in property which would devolve to me or my estate by whatever means, including but not limited to the 6of10 ~~ following means; as beneficiary under a will, as an appointee under the exercise of a power of appointment, as a person entitled to take by intestacy, as a donee of an inter vivos transfer, and as a donee under athird-party beneficiary contract. (1) To do all other acts in their judgment deemed necessary or desirable for the proper and advantageous management, investment and distribution of the estate or Trust. SIXTH: Wherever and as often as any Beneficiary hereunder, to whom payments of income or principal are herein directed to be made, shall be under legal disability, or, in the sole judgment of the Trustee, shall otherwise be unable to apply such payments to his own or her own best interests and advantages, the Trustee may make all or any portion of such payments in any one or more of the following ways: (a) Directly to the Beneficiary; (b) To the Legal Guardian or Conservator of such Beneficiary; (c) To a relative of such Beneficiary, to be expended by such relative for the benefit of such Beneficiary; or (d) By itself expending same for the benefit of said Beneficiary. SEVENTH: In the event that my wife, nephews and niece predecease me, without issue, then any residue shall be transferred and delivered to those persons who would have been entitled thereto if my wife and I had each owned one-half (1/2) thereof and we would have both died at the same time intestate, unmarried and domiciled in Pennsylvania. 7of10 ,,//~'"~ r°`-~t' EIGHTH I appoint Michael L. Lescanic,M.D., Trustee. In the event that he is unable or unwilling to act as Trustee, then I appoint Dauphin Deposit Bank, Trustee. NINTH: I appoint my wife, Patricia Toomey, Executrix of this my will. In case of her inability or unwillingness to act or to continue as my Executrix, I hereby appoint Michael L. Lescanic, M.D., Executor. TENTH: I direct that all estate, inheritance and other taxes in the nature thereof, together with any interest and penalties thereon, becoming payable because of my death with respect to the property constituting my gross estate for death tax purposes, whether or not such property passes under this will, shall be paid to the principal of my residuary estate, and no person receiving or having a beneficial interest in any such property, whether under this will or otherwise, shall at any time be required to contribute to or refund any part thereof; provided, however, that this discretion shall not apply to the taxes on any property included in my estate solely because of a power of appointment thereover which I possess but have not exercised or any qualified terminable interest or to any generation-skipping transfer taxes. ELEVENTH: Any person who has died at the same time as me or within thirty days of my death, or under such circumstances that the order of our deaths cannot be established by proof, shall be deemed to have predeceased me. 8of10 ~~._ ,~; ~~~ IN WITNESS WHEREOF, I have set my hand and seal to this, my Last Will and Testament, consisting of this and the preceding eight (8) pages, at the end of each page of which I have also set my initials for greater security and better identification this, ~ ,~~day of ~~r- , 1999. r - ~ .~ Ronald L. Toomey (SEAL) We, the undersigned, hereby certify that the foregoing Will was signed, sealed and published and declared by the above-named Testator as and for his Last Will and Testament, in the presence of us, who, at his request and in his presence and in the presence of each other, have hereunto set our hands and seals the day and year above written, and we certificate at the time oft .:execution thereof, the said Testator was of sound and disposing mind and m.e~ory. A, (SEAL) ~ ,~ - _- -~~~.~..._,..:~ (SEAL) .! ~~ ,~' .:.~ rte ...; ~,~r' (SEAL) 9of10 COMMONWEALTH OF PENNSYLVANIA COUNTY OF ~ SSN: { ~- / ((.. ~ We, a Rdonald L. Toome ~% r~r ~ J~ ,t,~` fG~ ~~r ~. ~ Y, fit , 5 ~ ~. respectively, whose names are si/ ned to the attach ~ the testator and the witnesses first dully sworn, do hereby declare to the undersigned author'ty~hat the testator being and executed the instrument as his Last Will and that he had signed willingly, andg hat he executed it as his free and voluntary act for the purposes therein expressed, and tha each of the witnesses, in the presence and hearing of the testator, signed the Will as witness and that to the best of their knowledge the testator was at that time ei htee (18) years of age or older, of sound mind and under no constraint or undue influen P n T~ W W Witness %. `f `~ ~'~ ~<<~residing at Subscribed, sworn to and residing at ~?.~.° ~~^~~~~ -_ ~~ residing at residing at acknowledged before me b R 1 Toomey, the testator, and subscribed to before me by / f f ~/~ ~t i.;- ~-:,,: ,~, it}~<~,? and if f '~- c < >- ,~j t ,i v `~ 1999. / y ona d L. ~, -~~ , ~ 1f 'slb1 j i^r~~ witnesses, this ~~ day of ra~r~~~~d sE~i F:'~tRiCirA ~5. 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