HomeMy WebLinkAbout07-30-12IN RE: ESTATE OF BRUCE D. COHICK
LATE OF NORTH NEWTON TOWNSHIP
ORPHANS' COURT DIVISION
COURT OF COMMON PLEAS
CUMBERLAND COUNTY
PENNSYLVANIA
N0.21-11-068
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PETITION FOR SETTLEMENT OF A SMALL ESTATE fit;;
PURSUANT TO 20 Pa.C.S.A. SECTION 3102 G
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TO: THE HONORABLE JUDGES OF SAID COURT:
The Petition of Susan L. Martin respectfully represents that:
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1. Bruce D. Cohick died on March 7, 2011, a resident of the North Newton
Township, Cumberland County, Pennsylvania.
2. Petitioner, Susan L. Martin, whose address is 33 Willis Road, Newville,
Pennsylvania, 17241, is the daughter of the Decedent, and the contingent
Executor named in Decedent's Last Will and Testament dated June 1 1, 1996.
3. A Certificate of Grant of Letters Testamentary was issued to Petitioner by the
Register of Wills of Cumberland County Pennsylvania, on June 16, 2011.
4. Decedent's named heir in his Last Will and Testament dated June 11, 1996 is
Decedent's widow, Lois K. Cohick.
5. Decedent's widow and sole heir, Lois K. Cohick, renounced her right to serve as
Executrix of this estate in favor of Petitioner.
6. The named contingent Co-Executor, Bruce S. Cohick, renounced his right to serve
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as Co-Executor, in favor of Petitioner.
7. At the time of Decedent's death, the only assets of which he was seized in his
name alone, was a Certificate of Deposit held with ACNB Bank, N.A. valued at
$4,001.24 at Decedent's date of death.
8. At the time of Decedent's death, he was also seized of joint accounts, personal
property, and real estate owned jointly with Decedent's widow, all of which are
non-probate assts.
9. The aforesaid accounts and real and personal property referenced in paragraph 8
were owned by Decedent as tenant by the entirety with Decedent's widow,
vesting title in Decedent's widow at the time of Decedent's death and imposing
no inheritance tax obligation.
10. Petitioner has paid, from the limited estate assets and the separate funds held by
Decedent's widow, the following debts associated with administration of the
estate:
(A) Probate fees paid and anticipated $ 126.50
(B) Attorney's fees to Griffie and Associates $ 750.00
(C) Funeral expenses and fees $ 9,064.17
TOTAL
$9,940.67
11. As such, Petitioner has paid all known estate debts associated with the
administration of the estate from the limited estate assets and through contribution
from Decedent's widow's separate funds.
12. There are no claimants or creditors of Decedent of whom the Petitioner has
knowledge who have not received full compensation.
13. Although no inheritance tax is due in this estate as this was an insolvent estate and
as all inherited assets were inherited by Decedent's widow, an Inheritance Tax
Return was filed and has been confirmed as per the Notice of Inheritance Tax
Appraisement, Allowance or Disallowance of Deductions and Assessment of Tax
which is attached hereto and incorporated herein as Exhibit "A".
14. As Decedent's widow is completely familiar with all of Decedent's financial
matters, Petitioner, Susan L. Martin, has chosen to not advertise this estate, being
fully aware of the repercussion of having not advertised.
WHEREFORE, Petitioner requests your Honorable Court to approve settlement
of this estate with the payment of costs and fees of administering the estate indicated and
no additional disbursements from the estate.
Res e submitted,
. Gr' ie, Esquire
ttorney for Petitioner
Supreme Court ID# 34349
GRIFFIE & ASSOCIATES, P.C.
200 North Hanover Street
Carlisle, PA 17013
(717)243-5551
(800)347-5552
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
PO BOX 280601
HARRISBURG PA 17128-0601
BRADLEY L GRIFFIE
200 N HANOVER ST
CARLISLE
NOTICE OF INHERITANCE TAX
APPRAISEMENT, ALLOWANCE OR DISALLOWANCE
OF DEDUCTIONS AND ASSESSMENT OF TAX
Pennsylvania ~
DEPARTMENT OF REVENUE
REY-1547 EX AFP (12-11)
DATE 05-14-2012
ESTATE OF COHICK BRUCE D
DATE OF DEATH 03-07-2011
FILE NUMBER 21 11-0683
COUNTY CUMBERLAND
ACN 101
APPEAL DATE: 07-13-2012
P A 17 013 - 2 4 2 3 (See reverse side under Objections )
Amount Remitted -l
MAKE CHECK PAYABLE AND REMIT PAYMENT T0:
REGISTER OF WILLS
1 COURTHOUSE SQUARE
CARLISLE PA 17013
CUT ALONG THIS LINE --) RETAIN LOWER PORTION FOR YOUR RECORDS E-
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REV-1547 EX AFP C12-11~ NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF: COHICK BRUCE -DEICE N0.:21 11-0683 ACN: - 101 DATE: 05-14-20L2
TAX RETURN WAS: C X) ACCEPTED AS FILED ( ) CHANGED
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
1. Real Estate (Schedule A) (1) .00
2. Stocks and Bonds (Schedule B) (2) .00
3. Closely Held Stock/Partnership Interest (Schedule C) (3) .00
4. Mortgages/Notes Receivable (Schedule D) (4) .00
5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) (5) 4,0 01.24
6. .Jointly Owned Property (Schedule F) C6) 6,932.26
7. Transfers (Schedule G) (7) .00
NOTE: To ensure proper
credit to your account,
submit the upper portion
of this form with your
tax payment.
8. Total Assets (B) 10 , 933 .50
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) C9) 9.94 0.67
10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) .00
11. Total Deductions (11) 9, 940.67
12. Net Value of Tax Return C12) 992.83
13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) C13) .00
14. Net Value of Estate Subject to Tax C14) 992.8 3
NOTE: If an assessment was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will
reflect figures that include the total of ALL returns assessed to date.
ASSESSMENT OF TAX:
15. Amount of Line 14 at Spousal rate C15) 992.83 X 00 = .00
16. Amount of Line 14 taxable at Lineal/Class A rate C16) .0 0 X 045 = .00
17. Amount of Line 14 at Sibling rate (17) _O O X 12 .00
18. Amount of Line 14 taxable at Collateral/Class B rate (18) .0 0 X 15 - .00
19. Principal Tax Due C19)= .0 0
TAX CREDITS:
PAYMENT RECEIPT DISCOUNT C+) AMOUNT PAID
DATE NUMBER INTEREST/PEN PAID (-)
~ TOTAL TAX PAYMENT .00
w BALANCE OF TAX DUE .00
INTEREST AND PEN. .00
--------~~~---FFF------ TOTAL DUE .00
~ IF PAID AFTER DATE INDICATED, SEE REVERSE IF TOTAL DUE IS REFLECTED AS A "CREDIT" CCR), YOU MAY BE DUE
FOR CALCULATION OF ADDITIONAL INTEREST. A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.
I verify that the statements made in the foregoing document are true and correct. I
understand that false statements herein are made subject to the penalties of 18 Pa.C.S.
Section 4904, relating to unsworn falsification to authorities.
DATE: -7-0~- ~{-1 a .~4C2,~ ~ Y~Ct,~
SUSAN L. MARTIN