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HomeMy WebLinkAbout04-04-13 REV-1500 EX(02-11) 1505610143 OFFICIAL USE ONLY PA Department of Revenue pennsylvania County Code Year File Number Bureau of Individual Taxes DEPARTMENT OF REVENUE PO BOX.280601 INHERITANCE TAX RETURN 21 12 1190 Harrisburg,PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW - Social Security Number Date of Death Date of Birth 08 17 2012 02 08 1930 Decedent's Last Name Suffix Decedent's First Name MI RUEGG HERBERT J (if Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW Supplemental Return 3. 1. Original Return 2. Remainder Return(Date of Death Fx 0 Prior to 12-13-82) 4. Limited Estate 4a.Future Interest Compromise 5, Federal Estate Tax Return Required 1:1 (date of death after 12-12-82) FX 6. Decedent Died Testate 7. DecedentoMaigVrned a Living Trust (Attach Copy of Will) (Attach C Copy ust) & Total Number of Safe Deposit Boxes 9. Litigation Proceeds Received 10,Spousal Poverty Credit(Date of Death 11,Election to tax under Sec.9113(A) F between 12-31-91 and T-1-95) (Attach Schedule 0) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number DAVID J LENOX 717n271 7115 c:: RE414ijR Pf Wl�US&I"Pi2y First Line of Address r L-I 8 TRISTAN DRIVE SUITE 3 777) t 'mot Second Line of Address 4 City or Post Office State ZIP Code DATE FI(JD DILLSBURG PA 17019 Correspondent's e-mail address: 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 trun,correct and complete.Declaration of preparer other than the personal representative is based on all information of which preparer haspny knowledge. SIGNA RE OF PERSON ES LE FOR FILING RETURN D E Susan L. Otto ADDRESS 7741 Wertzville Rd.,Carlisle, PA 17013 SIGNATURE P PARE PRESENTATt D TE David J. Lenox 10 ADDRESS — 8 Tristan Drive, Suite 3, Dillsburg, PA Side I 1505610143 1505610143 1505610243 REV-1500 EX Decedent's Social Security Number Decedent's Name: Ruegg, Herbert J. 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 Ikon Probate Property (Schedule G) �J Separate Billing Requested............ 7. 471 , 330 . 56 8. Total Gross Assets(total Lines 1 through 7)........................................................ 8. 471 ,330 . 5 6 9. Funeral Expenses and Administrative Costs(Schedule H).................................... 9. 24 ,333 . 19 10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule 1)............................ 10. 785 . 64 11. Total Deductions(total Lines 9 and 10)................................................................ 11 25 , 118 83 12. Net Value of Estate(Line 8 minus Line 11).......................................................... 12. 446,211 73 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. 446,211 . 73 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. 0 . 00 16. Amount of Line 14 taxable at lineal rate X .045 446,211 . 73 16. 20, 079. 53 17. Amount of Line 14 taxable at sibling rate X.12 0 . 00 17. 0 . 00 18. Amount of Line 14 taxable at collateral rate X.15 0 . 00 18. 0 . 00 19. TAX DUE................................................................................................................ 19. 20 , 079. 53 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. ❑ Side 2 L 1505610243 1505610243 J REV-1500 EX Page 3 File Number 21-12-1190 Decedent's Complete Address: DECEDENT'S NAME Ruegg, Herbert J. STREET ADDRESS I Longsdorf Way CITY STATE =i[P Carlisle PA 17013 Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) 20,079.53 2. Credits/Payments A. Prior Payments 17,000.00 B. Discount 894.74 Total Credits(A +13) (2) 17,894.74 3. Interest (3) 4. If Line 2 is greater than Line 1 +Line 3,enter the difference. This is the OVERPAYMENT. (4) Check box 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. (5) 2,184.79 Make Check Pa l! able to: REGISTER OF WILLS AGENT. MygEff pow 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;............ ................... ........._.................-..........._. 51 F-1 b. retain the right to designate who shall use the property transferred or its income;............... ............. .... El F-1 c. retain a reversionary interest;or........ ....... ............. ................................. ............................. ❑ F-1 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?................................................... ............................................................._ ❑ 0 3. Did decedent own an"in trust for" or payable upon death bank account or security at his or her death?....... ❑ Exl 4, Did decedent own an individual retirement account,annuity,or other non-probate property which contains a beneficiary designation?.............. ...._...._.......... ...... ......... ................. 0 ❑ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. ;1�,-,1 :, - 'NSNR -M11 "A -IV 1 '14 al bVIAGMEMSINX RNMEW -Kqmw I WIN A= ?t INUEN 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)(11)(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)(11)]. • 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)]. A sibling 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-1510 EX+(08-09) SCHEDULE G pennsylvania INTER-VIVOS TRANSFERS AND DEPARTMENT OF REVENUE INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Ruegg, Herbert J. 21-12-1190 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page three of the REV-1500 is yes. ITEM DESCRIPTION OF PROPERTY DATE OF DEATH % DECD'S EXCLUSION TAXABLE NUMBER THE INCLUDE ATE OF TEROANSFERSATTACFi A COPY OF RELATIONSHIP DEIED FOR ESTATE. VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE 1 ING Annuity Contract#409768: 12,911.41 12,911.41 2 J Hancock Venture III Annuity: 32,961.92 32,961.92 3 Lincoln Am Legacy III Annuity: 31,419.77 31,419.77 4 Merrill Lynch 872-49669-Herbert J. Ruegg Trust 265,392.70 265,392.70 Account: 5 Merrill Lynch IRA 872-76282: 120,348.57 120,348.57 6 PNC Bank 50-0368-3292-Herbert Ruegg Rev Til 8,296.19 8,296.19 TOTAL(Also enter on Line 7, Recapitulation) 471,330.56 (If more space is needed,additional pages of the same size) Copyright(c)2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule G(Rev. 08-09) REV-1511 EX+(10-09) pennsylvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RESIDENTDECEDENTTURN ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Ruegg, Herbert J. 21-12-1190 Decedent's debts must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER A. FUNERAL EXPENSES: See continuation schedule(s) attached 11,276.60 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Susan L. Otto Street Address 7741 Wertzville Rd. City Carlisle State PA zip 17013 Year(s)Commission Paid 6,000.00 2. Attorney's Fees David J. Lenox 6,000.00 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 130.50 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 926.09 See continuation schedule(s)attached TOTAL(Also enter on line 9, Recapitulation) 24,333.19 Copyright(c)2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule H(Rev. 10-09) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Ruegg, Herbert J. 21-12-1190 ITEM NUMBER DESCRIPTION AMOUNT Funeral Expenses 1 AUM Church: 200.00 2 Boyer Funeral Home: 8,309.00 3 Doug Boyer(headstone): 2,602.60 4 McGlaughlin: 40.00 5 Rev. Keith Beastly: 125.00 H-A 11,276.60 Other Administrative Costs 6 Cumberland Goodwill Fire/Rescue EMS: 124.13 7 Cumberland Law Journal(advertise estate): 90.00 8 PNC (Bank charges): 67.00 9 PSERS (overpayment) 404.18 10 Register of Wills (filing fee): 30.00 11 The Sentinel (advertise estate): 210.78 H-137 926.09 Copyright(c)2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H(Rev.6-98) Rev-1512 EX+(12-08) SCHEDULE 1 pennsylvania DEBTS OF DECEDENT, DEPARTMENT OF REVENUE INHERITANCE TAX RETURN MORTGAGE LIABILITIES AND LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER Ruegg, Herbert J. 21-12-1190 Report debts incurred by the decedent prior to death that remained unpaid at the date of death,including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Cumberland Crossings: 767,82 2 Holy Spirit Phys Services: 5,82 3 Quantum Imaging: 12.00 TOTAL(Also enter on Line 10, Recapitulation) 785.64 (If more space is needed,additional pages of the same size) Copyright(c)2008 form software only The Lackner Group, Inc. Form PA-1500 Schedule I(Rev. 12-08) REV-1513 EX+(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE INHERITANCE TAX RETURN BENEFICIARIES RESIDENT DECEDENT ESTATE OF FILE NUMBER Rue , Herbert J. 21-12-1190 RELATIONSHIP TO NUMBER NAME AND ADDRESS OF DECEDENT SHARE OF ESTATE AMOUNT OF ESTATE PERSON(S)RECEIVING PROPERTY (Words) ($$$) I Do Not List Tr steets)I� TAXABLE DISTRIBUTIONS [include outright spousal distributions,and transfers under Sec.9116(a)(1.2)] 1 Susan L.Otto Daughter 148,737.23 7741 Wertzville Rd. Carlisle, PA 17013 2 Brenda A. Roland Daughter 148,737.09 408 Golden Oaks Court Bel Air, MD 21015 3 Gary T. Ruegg Son 148,737.09 7809 Bryden Drive Fishers, IN 46038 Total 446,211.41 Enter dollar amounts for distributions shown above on lines 15 through 18 on Rev 1500 cover sheet,as appropriate. NON-TAXABLE DISTRIBUTIONS: II. A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11 -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET Copyright(c)2010 form software only The Lackner Group,Inc. Form PA-1500 Schedule J(Rev.01-10) 'Jill IIWI IF I CI I IIUI I I 117 1011 r1bbVNi IL VLCZLIUI I IGi IL For the period 08107=12 to 09/07/2=12 For 24-hour information,sign onto PNC Bank Online Banking HERBERT&NORMA RUEGG REV TRT on pnc.com Primary account number 50-0368-3292 Account Number. 50-0368-3292 -continued Page 2 of 2 Other Deductions -continued Date Amount Description 08/23 8,296.19 Funds Transfer To Acct 5003686362 Daily Balance Detail Date Balance Date Balance Date Balance Date Balance 08/07 14,641.72 OS/17 �8,296-� 08!31 1,402.70 09/07 1,402.92 08/16 9,641.72 08/23 I ING A� ING USA Annuity and Life Insurance Company Annual Statement 909 Locust St As of 09/01/2012 Des Moines, IA 50309-280° Phone: (800)369-5303 Fax: (515)698-2001 Internet:www.ingannuities r,i1 HERBERT J RUEGG 7741 Wertzville Rd Carlisle PA 17013-9021 Contract Summary Ccntract Number: 409768 Product: USG SPA 7 -4.5% Contract Date: 09/01/1995 Annuitant Name: HERBERT J RUEGG Initial Premium: $20,000.00 Non Qualified Year-to-Date 09/01/2011 -09/01/2012 Starting Cash Value $13,804.94 Withdrawals ($1,468.88) Interest $575.35 Endina Cash Value $12,911.41 Additional Information As of 09/0112011 As of 09/01!2012 Cash Surrender Value $12,424.45 $11,620.27 Total Withdrawals ($23,115.75) Cash Surrender Value-Includes Surrender Charge if applicable. C' :rren# lr:,erest Rate as of 09/01/2012 Rate Effective Date Current Interest Rate 02/01/2012 4.50% Transaction History 09/01/2011 to 09/01/2012 Date ransaction Type Amount 12/20/2011 ystematic Withdrawal $1,468.88 If you have any questions about your Statement, please contact your agent or our Customer Service Center at (800)369-5303. For additional information regarding your Contract you can also visit our website at www.ingannuities.com. y" 000361 00001 00004 000200009301000 O W W VV V W v o E cD o D (j) O 0 in o B 3 0 5. 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Q � N N O 3 IN C_ ti CL d a O — lD x n O 0 o F N � 3 m a D C d C N C' t O IN y < N O IN 3 n x `Nn O O c W N N o a G) D d W CL no 3 y 3 W N C d O. 0 .r O d fl .a O n CD O C (% LI 3 = o CD d T d d X = C Q G O d CD d !C lC 7 7r d N O• G N 3 N � o a v o IN o CD c 3 � o N N N A W c d < d m ° m n X N 0 3 CD N DZ (D d O O T T CD 2 m D � a Oe S. d 90 < 3 3 y a N 3 � S � n O 0 o m G !2 O N. v O 7 C N CL b m d LAST WILL AND TESTAMENT OF HERBERT J. RUEGG I, HERBERT J. RUEGG, of Perry County, Pennsylvania do hereby make, publish and declare this, my last Will and Testament, hereby revoking and making void any and all Wills and Codicils at any time heretofore made by me. FIRST: I direct that my debts, the expenses of my last illness and the expenses of my final services and burial be satisfied and fully paid out of my estate as soon as may be convenient after my decease. SECOND: I leave all funeral arrangements to my Executor hereinafter named. In the event I have not already purchased a burial lot for my family and me, I hereby authorize and empower my Executor to purchase such a lot, to erect a suitable memorial thereon, and to provide for the permanent upkeep of same out of my estate. THIRD: In as much as all items of household furniture and furnishings in our residence and other items of personal property have been transferred to the previously created revocable living trust described below, I make no disposition of the same in this, my Last Will and Testament, but rather certify that all of the same are the property of the just-referenced revocable living trust. FOURTH: I give, devise and bequeath the rest, residue, and remainder of my Estate, of every nature and wherever situate, unto my wife, NORMA E. RUEGG, as Trustee, to be added to and thereafter held in Trust as part of the Trust Estate pursuant to that certain Revocable Trust Agreement dated November 5, 1997, and executed by me and NORMA E. RUEGG prior to the execution of this, my Last Will and Testament, to have and to hold, IN TRUST NEVERTHELESS, for the uses and purposes, and subject to the terms and provisions thereof, including any alterations or amendments thereto, or any other Trust which may hereafter be substituted therefor. FIFTH: I hereby name, constitute and appoint my wife, NORMA E. RUEGG as Executrix of this, My Last Will and Testament. In the event my Wife, shall fail to qualify or cease to continue to qualify as Executrix by reason of death, disability, incapacity or otherwise, I hereby name, constitute and appoint Brenda Roland as Executrix. She is to serve without bond, and I direct that my fiduciaries shall not be required to enter security in any jurisdiction in which they may act. 1 of 4 SIXTH: My Executor shall have the following powers in addition to those vested in him by Law and by other provisions of this, my Last Will and Testament, to be exercised without court approval, and effective until distribution of all property: 1. To retain any or all of the assets of my estate, real or personal, without restriction to investments authorized for Pennsylvania fiduciaries, as my Executor from time to time may deem proper, without regard to any principle of diversification or risk. 2. To invest in all forms of property without restriction to investments authorized for Pennsylvania fiduciaries, as my Executor from time to time may deem proper, without regard to any principle of diversification or risk. 3. To sell at public or private sale, to exchange, or to lease for any period of time, any real or personal property and to give options for sales, exchanges or leases, for such prices and upon such terms or conditions as my Executor from time to time may deem proper. 4. To allocate receipts and expenses to principal or income or partly to each as my Executor from time to time may deem proper. 5. To borrow money from person or institution including my Executor and to mortgage or pledge any or all real or personal property as my Executor in my Executor's sole discretion shall choose, without regard to the dispositive provisions of this instrument. 6. To compromise any claim or controversy asserted by or against my estate. 7. To make distribution in cash or in kind or partly in cash and partly in kind, and in such manner as my Executor may determine, and at valuations finally to be fixed by my Executor. 2 of 4 SEVENTH: I direct my Executor to claim any expenses of administration of my estate as income tax deductions upon any income tax return or returns whenever in said Executor's sole judgment such action will achieve an overall reduction in the total income and death taxes. No compensating adjustments between income and principal shall be made as a result of such action. I also authorize my Executor to join my wife, or her personal representative in the filing of a joint income tax return for any period for which such a return may be permitted, without requiring the estate of my wife, to indemnify my estate against liability for the tax attributable to the income of my wife, and to consent for Federal gift tax purposes, to having gifts made by my wife, during my lifetime treated as having been made half by me. EIGHTH: I direct that all estate, inheritance and other taxes in the nature thereof, together with any interest or penalty thereon, becoming payable by reason of my death, with respect to property forming my gross estate for tax purposes, whether or not passing under this, my Last Will and Testament, shall be considered an expense of administration of my estate, and no legatee or devisee or any person having a beneficial interest in any such property, whether under this my Last Will and Testament, or any Codicil thereto, or otherwise shall at any time be required to refund any part of such taxes; provided, however, that such taxes may be paid from the Trust Estate, in accordance with the provisions set forth for the payment thereof in that certain Revocable Trust Agreement dated November 5, 1997. NINTH: Whenever used in this, my Last Will and Testament, the singular shall include the plural, the plural the singular, and the use of any gender shall be applicable to all genders. As used herein, the terms "child", "children" and "issue" and similar terms shall include children adopted under the age of twenty-one (2 1) years, regardless of the date of adoption, with full effect as if they were the natural children of the adopting parents. IN WITNESS WHEREOF: I, HERBERT J. RUEGG, the Testator above named, have to this, my Last Will and Testament, typewritten on our sheets of paper, which I have initialed, and below hereunto set my hand and seal this day of /V)f)Ue_4-Y) -, 199-2 HERBERT J. UEGG SIGNED, SEALED, PUBLISHED, and DECLARED by the said HERBERT J. RUEGG, as and for his Last Will and Testament, in the presence of us, who, in the presence of the Testator and of each other, have hereunto subscribed our names as witnesses thereto. t:)A0LC) L_e,,,ox J� n�ee C. Address:.[ 5. e 5+. t(s Address: / S 8a/fr7c�/��Sf' 3 of 4 THE STATE OF PENNSYLVANIA SS COUNTY OF YORK We, HERBERT J. RUEGG, DAVID J. LENOX, ESQUIRE AND JANICE E.. YOCUM, the testator 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 testator signed and executed the instrument as his last will and that he had signed willingly or directed another to sign for him, and that he executed it as his free and voluntary act for purposes therein expressed, and that each of the witnesses, in the presence and hearing of the testator, signed the will as witness and that to the best of our knowledge the testator was at the time 18 or more years of age, of sound and mind and under no constraint or undue influence. T s or fitness Witness Sworn to and subscribed before me this ,�j day of &)()U e,-y 1 Le r, 1997 LL" h- j' NOTARY PU LIC MY COMMISSION EXPIRES: Notarial seal public S.pawn GladfelteYork County Dillsburg 130M, My Commission Expires May 17,2001 Member,Pennsylvania Assoc ation of Notaries 4 of 4