Loading...
HomeMy WebLinkAbout05-24-12J 1505610140 REV-1500 ~` t°'-'°' PA Dspar'lmeM of Revenue u~r s%~+hl_ us4 u^i.'r Bureau of individwl Taxes Could Code Year FAe Number Po Box 2eo6D1 INHERITANCE TAX RETURN Hanieburo. PA 17128-0601 RESIDENT DECEDENT 2 1 1 1 1 3 5 6 ENTER DECEDENT INFOwrAnar BELOW Soda) Security Number Date of Death NaADDYYYY Date Of Birth t~DYYYY 1 9 5 2 6 1 1 6 0 0 9 2 1 2 0 1 1 0 6 1 8 9 3 4 DeeedenCs Last Name Suffer Deeederrf's First Name MI G L A S G O W G A R Y M (N Appilcable) EMn Surviving Spows's Irrfonnadon Below Spouse's Last Name Su18x Spowe's First Name MI G L A S G O W V E R A V Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW ® 1.Original Retum ^ 2. Suppbmental Retum ^ 3. Remainder Retum (data of death prior to 12-13-82) ^ 4. LlmRed Estate ® 4a. Future Inbroat Compromise (date of ^X 5. Federal Estate Tax Retum Required death after 12-12-82) ^ 0. Decedent Died Testate ® 7. Decedent Maintained a Living Trust 8. Total Number of Safe Deposit Boxes (Attach Copy of Wilq (Attach Copy of Trust) ^ 9. Litgation Proceeds Received ^ 10. Spousal Poverty Credit (date of death ® 11. Election to fax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach SCh. O) COR RESPONDENT - THK SECTION [#!ST ~ COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX tI1FORMATION SHOULD BE DM~CTED T0: Name DaytNne Telephone Number D A V I D H R A D C L I F F E S Q 7 1 7 2 6 9 ,~, 1 8 a r~OIeTER L.6 USE `Y '~ 3a. C~ ~ First line of address ~ ~ N ~ -+ L,. r c ~~ 1 0 1 1 M U M M A R O A D ' ~~ : __ ,._ Second line Of address oc ~ - 17 _ S U I T E 2 0 1 _ ~~ ' "~ ~ . °-'~' tL City or Post OfNce State ZIP Code OA?E FILED L E M O Y N E P A 1 7 0 4 3 CornspondsrtCs a-mail address: DHRAD~IX.NETCOM.COM Under psrgMba o/ perjury. I declare that I hsva axamined thb rehrm, indu0inp aocompatrying ac~edrdes arxl atatenrente, and to the beet of my kno~Msdpe and DeAef, h is true, oomect and complete. Darlaratfan of preparor odrer than the psnonal repreaentadve is based on all IMormation of which preparer has any knovApdge. SI~ RE OF PER~gON RESP NSIBLE FOR' FILMIG RETURN DATE `U` ..S ~ ~ /- /.-~ OF //zo/z. 1011 MUMMA RD S?'E'201 LEMOYNE PA 17043 PLEASE IJSE ORIGINAL FORM ONLY Side 1 L 1505610140 1505610140 1505610240 REV-1500 EX DecedenYS Social Security Number Decadence Name: GARY M• G L A S G O W 1 9 5 2 6 1 1 6 D RECAPrtuuTloN 1. Real Estate (Schedule A) ......................................... .. 1 2. Stocks and Bonds (Sdredule B) .................................... .. 2- 3. Glossy Hekl Corporation, Partnership or Sole-Proprietorship (Schedule C) ... .. 3. 4. AAOrtgeges and Notes Receivable (Schedule D) ........................ .. 4. 5. Cash, Bank Deposits and Miscellaneous Personal Properly (Schedule E)..... .. 5. 6. JoiMy Owned Properly (Schedule F) ^ Separate BiNing Requested ..... .. 6. 7. Inter-Vivos Transfers & Miscellaneous N Probate Property ~ (Schedule G) Separate Billing Requested ..... .. 7. 5 2 2 4 9 9 9. 9 3 8. Total Gross Assets (total Lines 1 through 7) ......................... .. 8. 5 2 2 4 9 9 9. 9 3 9. Funeral Expenses and Administrative Costs (Schedule H) ................ .. 9. 6 D 0 7 3 . 5 0 10. Debts of Decedent, Mortgage Liabilities, and Linns (Schedule I) ........... .. 10. 11. Total Dsductlons (total Lines 9 and 10) ............................. .. 11. 6 D ^ 7 3 . 5 0 12. Net Value of Estate (Line 8 minus Line 11) .......................... .. 12. 5 1 6 4 9 2 6 . 4 3 13. Charitable and GovemmeMal BequestslSec 9113 Trusts for which an election to fax has rr~ been made (Schedule J) .................... .. 13. D . 0 0 14. Net Value Subject to Tax (Line 12 minus Line 13) .................... .. 14. 5 1 6 4 9 2 6. 4 3 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.00 1 2 6 4 3 7 8. 1 5 15. 0. 0 0 16. Amount of Line 14 taxable at lineal rate x .oa5 3 8 2 5 5 4 8. 2 8 18. 1 7 2 1 4 9. 6 7 17. Amount of Line 14 taxable at sibling rate X .12 0. 0 0 17. D. O D 18. Amount of Line 14 taxable al collateral rate x .15 7 5 0 0 0. 0 0 1 g, 1 1 2 5 0. 0 0 19. TAX DUE ......................................................19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 1 8 3 3 9 9. 6 7 Side 2 1505610240 1505610240 REV-7500 EX Pepe 3 FIM Number Decedents Complefie Address: 21 11 1356 3ARY M. STREET ADD 300 EAST cm~ STATE ZIP PA 17055 Tax Paymenffi and Clrediffi: ~ • Tax Due (Page 2, Line 19) 2. CreditslPayments 180.000.00 A. Prior Payments B. Discount 9,169.98 3. Interest 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. FIII in oval on Page 2, Line 20 to request a refund. (1) 183.399.67 Total Credits (A + B) (2) 189.169.98 (3) (4) 5,770.31 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 0.00 Make check payable to: REGISTER OF WILLS, AGENT ~. ~- PLEASE ANSWER THE FOLLOWING QUESTfONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use a income of the property transferred : ...................................................................... ^ b. retain the right to designate who shall use the properly transferred a its insane : ............................... ^ c. retain a reversionary interest; or ................................................................................................ ^ d. receive the promise 4x life of either payments, benefits a care? ....................................................... ^ 2. ff death oocumed after December 12,1982, did decedent transfer property wifilin one year of death widaut receiving adequate crorlsiderafion? ....................................................................................... ^ X^ 3. Did decedent own an'in bustfor' apayable-upon~lealh bank account a security at his a her death? ......... ^ X^ 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 a 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 a 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 stiN applicable even if the surviving spouse is the only benefiaary. 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 benefiaaries is 4.5 percent, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9111i(a)(1)]. • The tax rate imposed on the net value of transfers to a for the use of the decedent's siblings is 12 percent (72 P.S. §9116(a)(1.3)j. Asibling is defined, under Section 9102, as an individual who has at least one parent in canmon witlt the decedent, whether by blood a adoption. REV-7509 EX+ (07-10) Pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE F JOINTLY-0WNED PROPERTY ca ~ n i c vr: FILE NUMBER: GARY M. GLASGOW 21 11 1356 tl an asset was made Jointly owned wilhM one year of the decedents date of death, it must be roporEad on Schedule G. SURVMNG JOINT TENANT(S) NAME(S) ADDRESS RELATIONSHIP TO DECEDENT A. VERA V GLASGOW 300 EAST MEADOW DRIVE SURVIVING SPOUSE MECHANICSBURG, PA 17055 B. C. JONRLY-OtiIINED PROPERTY: ITEM NUMBER LETTER FOR JOINT TENANT DATE MADE J09rT DESCPoPnON OF PROPERTY INCLUDE NAME OF FlNANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR IDENTIFYING NUMBER ATTACH DEED FOR JgNiLY-HELD REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECEDENTS INTEREST DATE OF DEATH VALUE OF DECEDENT'S INTERESI 1. A. ALL PROPERTY NOT SEPARATELY LISTED WITHIN THIS RETURN IS HELD JOINTLY WITH SUR- VIVING SPOUSE TOTAL (Also enter an Line 6, Recapitulation) I ; ff more space is needed, use addiaonal sheets of paper of the same sine. REV-1510 EX+ (08-09) Pennsylvania DEPARTMENT OF REVENUE INHERfTANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS AND MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER GARY M. GLASGOW 21 11 1356 This sGredule must be compleOed and filedrf the answer to any of questions 1 thraigh 4 on page three of the REV-1500 's yes. ~M NUMBER _ DESCRIPTION OF PROPERTY INIxuOETteNV~pFntTR,neRRaATror~wTpOECEOar,vn TI~DATEOFTRANBFER.ATTACNACOwpFnfoEE•DFORRexESrATE. DATE OF DEATH VALUE OF ASSET %OFDECD'S INTEREST EXCLUSION ~~wruc~.E~ TAXABLE VALUE 1. PRUDENTIAL ANNUITY #E1055642 187,768.11 100.00 187,768.11 2. PRUDENTIAL ANNUITY #E1188230 312,436.71 100.00 312,436.71 3. GARY M GLASGOW REVOCABLE LIVING TRUST 4,703,328.09 100.00 4,703,328.09 4. IRA held by Prudential as Custodian 21,467.02 100.00 21,467.02 Vera V Glasgow (suninring spouse) -Beneficiary TOTAL (Also enter on Line 7 Recapitulation) ~ ; 5 224 999 93 It more space is needed, use additional sheets of paper ~ tiie same size. REV-1511 EX+ (10-08) Pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT ADMINISTRATIVE COSTS: Personal Representative Commissions: Narrle(s) of Personal Representative(s) SbeetAddress Ctiy Staff Yeegs) Conrnissiar Paid: AtrorneyFees: RADCLIFF LAW OFFICE, P.C. FamNy Exengtiorc (N deoedenCs add2ss s rat the same as daimarrPs, attadl e>~lanation.) ClaxrlaM GARY M. GLASGOW 21 11 1356 Deuderrt's dsbfs must bs raporMd on &Iredrrle I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. GINGRICH MEMORIALS -GRAVE MARKER 4,928.00 B. 1 2. 3. ZIP 55,000.00 4. 5. 6. 7. 8. SbeelAddress Oily State ZIP Relationship of Clainaat b Decedent SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS Probers Fees: Aocaar~rd Fees: Tax Rehan Prepares Fees: REGISTER OF WILLS -PETITION FILING FEE REGISTER OF WILLS -FILING FEE, INHERITANCE RETURN 130.50 15.00 TOTAL (Also enter on Line 9, Recapitulation) = en n~~ ~n ti more space is needed, use addltiorrel sheets of paper of the same sine. REV-1513 FX+(01-10) Pennsylvania ~ SCHEDULE J DEPARTLIENi OF REVENUE I BENEFICIARIES INHERRANCE TAX RETURN RF~IDEHT DECEDENT GARY M. GLASGOW 71 11 1RFR RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Tnr~tssls) OF ESTATE I TAXABLE DISTRIBUTIONS pndudeq~y~~ I d'shibutians and hanafels under Sec.91T6(a (1.2).] 1. FANNIE BOWER Collateral 25,000.00 1022 PROVIDENCE WAY SUMMERVILLE, SC 29483 2. LOU ANN BURKE Collateral 25,000.00 405 SCOTCH RANGE ROAD SUMMERVILLE, SC 29483 3. KIMBERLY L WIMPEE Collateral 25,000.00 113 ROYAL TERN COURT SUMMERVILLE, SC 29483 4. AMY MARX Lineal 26,824.01 202 SOUTH ARLINGTON AVENUE HARRISBURG, PA 17109 5. KEVIN SHERK Lineal 26,824.02 1188 SUMMERWOOD DRIVE HARRISBURG, PA 17111 6. KATHERINE SEIDEL Lineal 26,824.01 123 YORKSHIRE DRIVE MECHANICSBURG, PA 17055 7. MATTHEW SEIDEL Lineal 26,824.02 123 YORKSHIRE DRIVE MECHANICSBURG, PA 17055 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 T HROUGH 18 OF REV-1500 COVER S HEET, AS APPROPRIATE. II. 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. i it more space is needed, use additional sheets of paper of the same size. REV-1847 Ext (02-10) ESTATE Pennsylvania DEPARTMENT OF REVENUE IMiEPoTAtiCE rAx r:Erurei rsslo~rrr oE:ceDerir SCHEDULE M FUTURE INTEREST COMPROMISE (Check Box 4a on REY-1600) NUMBER This schedule is appropriate only for estates of decedents who died after Dec. 12, 1982. This schedule La to be used for aN future interests where the rate of tax which wik be applicable when the future interest vests in possession and enjoyment cannot be established with certainty. Indicate below the type of instrument that seated the future interest and attach a copy to the tax return. ^ Will ^X Trust ^ Other L NAME OF BENEFICIARY ~ RELATIONSHIP ~ DATE OF BIRTH ~ „~ _„ AGE TO ^ ~~ VERA V GLASGOW SPOUSE 8/28 2• SUSAN K SHERK DAUGHTER 8/4/1 3• ANN SEIDEL DAUGHTER 5/211 4• CAROL GLASGOW DAUGHTER 1/2/1 5. IL For decedents who died on or after July 1,1994, if a surviving spouse exerdsed or intends to exercise a right of withdrawal within nine months of the decedents death, check the appropriate block and attach a copy of the document in which the surviving spouse exerdses such withdrawal right. ^ lJnlimited right of withdrawal ^ Limited right of withdrawal i[>Q. I[V. l5xplanation of Compromise Offer: Family Trust under the Gary M Glasgow Living Trust dated August 12, 1996 ($2,725,343.46) remainder interest at 4.5% tax rate using factor of (0.82671) on the high probability that daughters will survive the life tenant. Surviving spouse date of birth (08/28/1934) has Irfe income interest in trust ca~ulated at 2.0%AFR. Summary of Compromise Offsr: 1. Amount of future interest ........................... ...... ................. $ 3.296,613.64 2. Value of Line 1 exempt from tax as amount passing to charities, etc. (Also include as part of total shown on Line 13 of REV 1500.) .... .. $ 0.00 3. Value of Line 1 passing to spouse at ~prapriale tax rate Chedcone. ^ 6%, ^ 3%, ^X 0% .............. ..$ 571.270.18 (ALgo include as part of total shown on Line 15 of REV-1500.) 4. Value of Line 1 taxable at lineal rate Check one. ^ 6%, ©4.5% .................... .. $ 2,725.343.46 (Also include ~ part of total shown on Line 16 of REV-1500.) 5. Value of Line 1 taxable at sibling rate (12%) (Also include as part of total shown on Line 17 of REV 1500.) .... .. $ 6. Value of Line 1 taxable at cdlateral rate (15%) (Also include as part of total shown on Line 16 of REV-1500.) .... .. $ 7. Total value of future interest (sum of Unes 2 thti 6 must equal Line 1) .... ................. $ 3.296,613.64 If more space is needed, use addRional sheets of paper of the same size. REV-1819 EX + (8-88) COMiONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN SCHEDULE O ELECTION UNDER SEC. 9113(A) (SPOUSAL DISTRIBUTIONS) eslwrr:ur FILE NUMBER GARY M. GLASGOW 21 11 1356 Do not complete this schsduk unka the estate b making the ekctlon to tax assets under section 9113(A) of the Mherltance ti Estate Tax Act If the election applies to more than one trust or similar arrangement, a separate form must be filed for each trust. This eledion aoolies to the __ Trust (marital residual A B By-crass Unified Credit etc ) ff a trust or slmllar arrangement meets the regwremeMs of Secbon 9113(A), and: a. The trust or similar arrangement is listed on Schedule 0, and b. The value of the Dust or similar arrarlgerrlent is entered in while or in part as an asset on Shcedule 0, then the transferor's personal representative may specifically identify the trust (all or a fractional portion or percentage) to be induded in the eledion to have such trust or sim- ilar property treated as a taxable transfer in this estate. ff less than the entire value of the trust ar similar property is induded as a taxable transfer on Shcedule 0, the personal representative shall be considered to have made the election only ~ to a fraction of the trust or similar arrangenent. The numerator ~ this fradian is equal to the amount of the trust or similar arrangement included ~ a taxable asset on 5dledule 0. The denominator is equal to the total value of the trust or similar arrangement. Part A: Enter the description and value of all interests, both taxable and non-taxable, regardless of location, which pass to the surviving spouse under a Section 9113 (A) trust or similar arrangement. °~^~°A value Marital Trust under Article Nine of the Gary M Glasgow Living Trust dated 8/12/96 671,640.95 210-212 Locust Alley, New Cumberland PA $116,000.00 62 sh Prudential stock $2,954.30 Cash $552,686.65 Part A Total $ 671 640.95 Part B: Enter the descri 'nand value of all interests included in Part A for which the Section 91 13 A election to taxis bein made. oesaipeon Value Gary M Glasgow Living Trust U/A 8/12/96 671,640.95 210-212 Locust Alley, New Cumberland PA $116,000.00 62 sh Prudential $2,954.30 Cash $552,686.65 Part B Total 671 640.95 (If more space is needed, insert addifional sheets of the same size ) Continuation of REV-1500 Inheritance Tax Return Resident Decedent GARY M. GLASGOW 21 11 1356 l~cedent's Name Page 1 File Number Schedule J -Beneficiaries -1 NUMBER NAME AND ADDRESS OF PE S RECEIVING PROPERTY RELATIONSHIP TO DECEDENT Do Not Llat Truebse~a AMOUNT OR SHARE OF ESTATE i TAXABLE DISTRIBUTIONS pndude outrioM spousal di~ributions and trar~sfals un~r 91 6 12 S ].] ec. (a ( 8. JULIA SEIDEL Lineal 26,824.01 123 YORKSHIRE DRIVE MECHANICSBURG, PA 17055 9. DAVID WILSON Lineal 26,824.02 124 YORKSHIRE DRIVE MECHANICSBURG, PA 17055 10. DANIEL WILSON Lineal 26,824.02 124 YORKSHIRE DRIVE MECHANICSBURG, PA 17055 11. SUSAN KSHERK Lineal 304,145.57 29 JOSEPH DRIVE BOILING SPRINGS, PA 17007 12. CAROL GLASGOW Lineal 304,145.57 124 YORKSHIRE DRIVE MECHANICSBURG, PA 17055 13. ANN SEIDEL Lineal 304,145.57 123 YORKSHIRE DRIVE MECHANICSBURG, PA 17055 14. VERA V GLASGOW Spousal 693,107.97 300 EAST MEADOW DRIVE MECHANICSBURG, PA 17055 a~M:_ -' `; ~~ ~ ' ~, ~• 'C+ ~' ~-_ ~. J s `- -~ a ~ ~.~ ,. ~~~ ~ ,~ ,t o ~~ ~ a ; a ~ i r 0 a c:, 4~ c~ :.' S~'t1+J11 c~ o X ~~ -_ it {~~,~y ~ ~ 7~1.~•... . ~ I ~ y{~~ a :~dy - r a t~; N j ~ ~ ~?` ~? ~ . ,. !'~- I i ~ ,: E- ~~ N ~ Y U C N _~~ ~ ~ ~ _~~ r ~~~ Q' 0 _~~ ~ _~_ ~ 0 0 0 0 ti ~~ ~ ti a 0 M1 m u f° o ~ ~ ~ O «t ~ ~ a ~ ~ N ~ V N y O .+ .r ~! ~ 0 ~ U ~, °J ~ ~~~ ~~ oho ~~ ~ ~~-d ~ ~ o ~ o a w ~ ~ ~ ~ c ~ '.~ ~~~v~ C7o•'U-.U }' ~u JJ< ~ '....,. S ~, ' ..:., 7r:..;. Radcliff Law Office, P. C. 1011 Mumma Road, Suite 201 Lemoyne, Pennsylvania 17043 (717) 236-9318 Fax (877)314-5781 May 23, 2012 _~ Glenda Farner Strasbaugh '~o ti ~, Register of Wills ,4°r,~~ , n' a ~ Cumberland County Courthouse ` ~ ~ ~" r , c 1 Courthouse Squaze ~ Carlisle, PA 17013 `'~ ` ~ ~' 0 =_ ~, ' ' RE: Estate of Gary M. Glasgow y n -; cn m ~"' ~2, File No. 21-11-1356 - `j' Dear Mrs. Strasbaugh: Enclosed for filing aze the following for the above estate: 1. An original and one copy of the REV-1500, PA Inheritance Tax Retum; 2. Check in the amount of $15.00 for the filing fee. Also enclosed are additional copies of the REV-1500 to be clocked in and returned to our office in the enclosed envelope. If you need additional items, please contact our office. Enclosure