HomeMy WebLinkAbout07-13-121505610140
REV-1500 EX (01-10)
OFFICIAL USE ONLY
PA Department of Revenue County Code Year File Number
Bureau of Individual Taxes INHERITANCE TAX RETURN
PO SOX 280601 2 1 1 2 0 5 4 7
Harrisburg PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY
0 8 1 9 2 0 0 E 0 2 1 6 1 9 2 4
Decedent's Last Name Suffix Decedent's First Name MI
K N A P P R I C H A R D
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name
K N A P P
Spouse's Social Security Number
FILL IN APPROPRIATE OVALS BELOW
O 1. Original Return
4. Limited Estate
Q 6. Decedent Died Testate
(Attach Copy of Will)
9. Litigation Proceeds Received
Suffix Spouse's First Name
S Y L V I A
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
2. Supplemental Return
4a. Future Interest Compromise (date of
death after 12-12-82)
7. Decedent Maintained a Living Trust ~
(Attach Copy of Trust)
10. Spousal Poverty Credit (date of death
between 12-31-91 and 1-1-95)
MI
M
3. Remainder Rrsturn (date of death
prior to 12-13-82)
5. Federal Estates Tax Return Required
8. Total Number of Safe Deposit Boxes
11. Election to tar: under Sec. 9113(A)
(Attach Sch. O)
CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION ;SHUULU tat UIKtG I tU I U:
Name Daytime Telephone Number
C H R I S T O P H E R E- R I C E 7 1 7 2 4 3 3 3 4 1
REGISTER OF WILLS USE ONLY
First line of address ..,~
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M A R T S O N L A W O F F I C E S °~ ~ ;~?
Second line of address et..
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City or Post Office State _ -;
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C A R L I S L E P A 1 7 0 ~
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Correspondent's a-mail address: CRICE(a)MARTSONLAW.COM
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best o1` my knowledge and belief,
it is true, correct and complete. Declara ' n of preparer other than the personal representative is based on all information of which preparer has any knowledge.
SIGNATURE P SO ESPO I E FOR FILING RETURN DATE
.r_/2 -/Z
ADDRE
62 ST OLD YOR ROAD CARLISLE PA 170],5
SIG ~ Of PREPARE~t OTHER THAN REPRESENTATIVE
~ / (~_ DAT~Z ~/Z
i7
10 EAST HIGH STREET CARLISLE PA 17013
PLEASE USE ORIGINAL FORM ONLY
Side 1
1505610140 15056101413
C~
15D5610240
REV-1500 EX Decedent's Social Security Number
Decedent's Name: RICHARD KNAPP
RECAPITULATION
...........................................
1. Real Estate (Schedule A) 1 • '
2. Stocks and Bonds (Schedule B) ........................ . ............. 2. 5 D 4 4 , 4 9
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 N -Probate Property
(Schedule G) ~ Separate Billing Requested . .... .. 7.
8. Total Gross Assets (total Lines 1 through 7) ..................... .... .. 8. 5 D 4 4 4 9
9. Funeral Expenses and Administrative Costs (Schedule H) ............ .... .. 9. 5 0 4 4 . 4 9
10. Debts of Decedent, Mortgage Liabilities, and Liens (Schedule I) ..... . . .... .. 10.
11. Total Deductions (total Lines 9 and 10) ......................... .... .. 11. 5 0 4 4 4 9
12. Net Value of Estate (Line 8 minus Line 11) ...................... .... .. 12. 0 . D 0
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 (tine 12 minus Line 13) ................ .... .. 14. 0 • D 0
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.o _ 0 0 0 15. D. 0 0
16. Amount of Line 14 taxable
at lineal rate X .0 _ 0. 0 0 16. D. D D
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 D 0 0 18. 0. 0 0
19. TAX DUE ............................................... .... ..19. 0 • 0 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
RICHARD KNAPP __ __ _ _
__
STREET ADDRESS
622 WEST OLD YORK ROAD _ _
CITY
CARLISLE STATE T ZIP
PA 17015
Tax Payments and Credits:
~ Tax Due (Page 2, Line 19)
2. CreditslPayments
A. Prior Payments -
B. Discount
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 12 0547
0.00
Total Credits (A + g) (2) 0.00
(3)
(4) 0.00
(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 : ...................................................................... ^
b. retain the right to designate who shall use the property transferred or its income; ............................... ^ ^X
c. retain a reversionary interest; or ................................................................................................ ^
d. receive the promise for life of either payments, benefits or care? ....................................................... ^ Q
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? ....................................................................................... ^ ^X
3. Did decedent own an "in trust for" or payable-upon-death bank account or security at his or 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 FART 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 requiremenl:s 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(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, under
Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
REV-1503 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE B
STOCKS & BONDS
ESTATE OF FILE NUMBER
RICHARD KNAPP 21 12 0547
All property jointlyowned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. 97 shares, MetLife, CUSIP 591568108 5,044.49
TOTAL (Also enter on line 2, Recapitulation) I $
(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
RICHARD KNAPP 21 12 0547
Decedent's debts must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1.
B. ADMINISTRATIVE COSTS:
1, Personal Representative Commissions;
Name(s) of Personal Representative(s) Jennifer Fox 500.00
Street Address 622 Old York Road
City Carlisle State PA Zlp 17015
Year(s) Commission Paid: 2012
2. Attorney Fees: Martson Law Offices 1,200.00
3. Family Exemption: (If decedents address is not the same as claimant's, attach explanation.) 3,231.44
Claimant Jennifer Fox
SireetAddress 622 West Old York Road
City Carlisle State PA ZIP 17015
Relationship of Claimant to Decedent
4. Probate Fees: Cumberland County Register of Wills 71.50
5 Accountant Fees:
6. Tax Return Preparer Fees:
7. Filing Fee, Inheritance Tax return 15.00
8. EVP stock valuation 1.55
9. Additional Probate fee 25.00
TOTAL (Also enter on Line 9, Recapitulation) I $ 5
If more space is needed, use additional sheets of paper of the same size.
REV-1513 EX+(07-10)
pennsylvania ~ SCHEDULE J
DEPARTMENT OF REVENUE
BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF: FILE NUMBER:
RICHARD KNAPP 21 12 0547
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. Sylvia M. Knapp Spousal
1000 Claremont Road
Carlisle, PA
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 TAXIS NOT TAKEN:
1.
1, B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS:
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $
It more space Is needed, use additional sheets of paper of the same size.
~- IILI~S`DAT:AI~R.C'tsrace PlmiinK~1~1971Lwill '~J05
' ''. -
LAST WILL AND TESTAMENT '~ ,,~ `°`
I, RICHARD KNAPP, of Carlisle Borough, Cumberland County, Pennsylvania, being of
sound and disposing mind and memory, do hereby make, publish and declare this to be my Last Will
and Testament, hereby revoking any and all former Wills or Codicils made by men.
1.
I direct that all my legally enforceable debts, funeral expenses, testamentary expenses and
all death taxes (whether such taxes may be payable by my estate or by any recipient of any property)
shall be paid from my residuary estate as soon as practicable after my decease and as part of the
administration of my estate. My Executrix shall have no duty or obligation to obtain reimbursement
for any such tax so paid, even though on proceeds of insurance or other property not passing under
this Will.
2.
If my wife shall survive me by thirty (30) days, then I give, devise and bequeath all of my
estate, both real and personal property, unto my wife, SYLVIA M. KNAPP, absolutely.
3.
a. In the event my said wife, SYLVIA M. KNAPP, shall predecease or fail to survive
me by more than thirty (30) days, then I give, devise and bequeath all of my estate, both real and
personal property, unto my daughter, JENNIFER FOX.
b. In event my said daughter shall predecease or fail to survive me by thirty days, then
I give, devise and bequeath all of my estate, both real and personal property unto my Trustee, intrust,
for the following purposes:
(1) I direct that my Trustee shall hold, invest and reinvest the same, collect the
income arising therefrom, and after paving all expenses incident to the management of the
trust, to use and apply as much of the income and principal as maybe necessary in the sole
discretion of my Trustee, in equal shares, for the support, well-being and education of my
grandchildren, TYLER FOX and iV1ACKENZIE FOX.
-a (2) I direct that each of my said grandchildren shall have the right of withdrawal
.,__
~r - ' ~ of-~ti~or her equal share of the principal and any accumulated income of said trust as each
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~~' ~ ~~ ~, v Page 1 of ~ Pages
shall attain the age of twenty-five (25} years.
(3) In the event either of my said grandchildren shall fail to attain the age for
distribution, then the share or undistributed share of either of my said grandchildren shall be
distributed by my said Trustee equally to my remaining grandchild in accordance with the
terms hereof.
(4) Prior to the distribution of the principal, my said Trustee shall have the sole
discretion to invade the principal of said trust for the support, maintenance and education of
such child or issue of such deceased child, regardless of age.
(5} To the extent that the same is permitted by law, none of the beneficiaries
hereunder shall have any power to dispose of or to charge by way of anticipation any interest
given to such beneficiary; and all sums payable to such beneficiaries hereunder shall be free
and clear of the debts, contracts, alienations and anticipations of the beneficiaries, and all
liabilities for levies and attachments and proceedings of whatsoever kind, at law or in equity.
4
I nominate, constitute and appoint my daughter, JENNIFER FOX, as Executrix of my estate.
In the event my said daughter shall be unable or unwilling to serve in such capacity, then I appoint
my son-in-law, GARY FOX, to act in such capacity.
I nominate, constitute and appoint my son-in-law, GARY FOX, as Trustee under the terms
of this Last Will and Testament.
6.
I direct that neither my Executrix nor my Trustee, or their successors, shall be required to file
a bond to secure the faithful performance of their duties in any jurisdiction.
7.
I authorize and empower my Executrix and Trustee, or their successors, iri their sole and
absolute discretion, to purchase or otherwise acquire and retain any investments of which I die seized
or any real or personal property of any nature; to sell, lease, pledge, mortgage, transfer, exchange,
dispose of or grant options in regard to any or all property of any kind forming a part of my estate
[Initials]
Page 2 of 4 Pages
for such terms and such prices as they may deem advisable; to borrow money tar any purposes
connected with the protection and preservation of my estate; to mortgage or pledge any real or
personal property forming a part of my estate or to join in or secure the partition of same; to
compromise any claims or demands of my estate against others or of others against my estate; to
make distribution in kind and to cause any share to be composed of cash, properly or undivided
fractional shares in property different in kind from any other share; to employ agents, attorneys and
proxies and to delegate to them such power as my Executrix and Trustee, or their successors,
consider desirable and to pay reasonable compensation for such services as may be rendered by such
agents, attorneys and proxies; and to execute and deliver such instruments as may he necessary to
carry out any of these powers. In addition, I direct that my Executrix, or her successor, shall have
the power to conduct an inventory of any safe deposit box necessary to the administration of my
estate.
IN WITNESS WHEREOF I have hereunto set my hand and seal this , ~_ `~`'- day of
;;7 ~'
,i, , ~ , ~f ~_.. ~' ~ ,~. _~_-(SEAL)
Richard Knapp
SIGNED, SEALED, 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, have hereunto subscribed
our names as witnesses thereto, in the presence of the said Testator and of each other.
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Page 3 of ~ Pages
COMMONWEALTH OF PENNSYLVANIA )
SS.
COUNTY OF CUMBERLAND )
We, Richard Knapp, Christopher E. Rice, and ~ ' ~.2~-<< '~'~. /~~%~ i < ~_ ,the
Testator and the witnesses, respectively, whose names are signed to the foregoing instrument, being
first duly sworn, do hereby declare to the undersigned authority that the Testator signed and executed
the instrument as his last Will and that the Testator has signed willingly, and that the Testator
executed it as his free and voluntary act for the purposes therein expressed, and that each of the
witnesses, in the presence and hearing of the Testator, signed the Will as a witness and that to the
best ofhis/her knowledge the Testator was at that time eighteen years of age or older,. o f sound mind
and under no constraint or undue influence.
/~
Richard Knapp, Testator `? f
,. , // /~ j'
Witness
~~
~l~ct.~.,~ ~ ~ '__ ~,.~~t,
Witnes
f.,
Subscribed, sworn to and acknowledged before me by Richard Knapp, the Testator, and
subscribed and sworn to before me by Christopher E. Rice and '; ~% ~_ w ~ ~'~. ~: !_C c_f~ ,
the witnesses, this /~G ``day of ~~'~_ ~« ,~~~~~~G: .
/ ,,
,~
Notary Public
PdQiAF;IAL SEAL
`J1f,?ORIA L. OTTO, NOTARY PUBLIC
CARLISLE BORO., CU?,"EERLAND COUidTY
1~1Y C0~4iP91SS!ON f_;(PiRES DEC. 2 '006
Page 4 of 4 Pages
Estate Valuation
Date of Death: 08/'9/2008
Valuation Date: 08/'_9/2008
^rrocessing Date: 06/22/2012
Shares Sec~~rity
or Par Description
i) 97 MET~IFE iNC (591568108; MET)
COM
N]SE
c8119/2008
Total Vaiue:
Total Accrual:
Total: 55,044.49
F,state of: Richard I:napp
Account: 1^'_97.3
Report Type: Date of Death
Plumber of Securities: 1
File :[D: 12197.3.knapp
Mean and/cr Di~/ and Int: Secur.ty
H'_ghlP.sk ;,owlBid Adjustments Accr~~:als 'Jalue
52.88000 51.13000 H/L
52.005000 5,044.49
50.00
SS,C44.99
Page 1
This report was prcd~_ced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. I' you have questions,
please contact EVP Systems at (8.81 313-6300. (Revisioa 6.4.1)
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