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HomeMy WebLinkAbout04-26-13 1505611180 REV-1 500 EX(02-11)(FI) OFFICIAL USE ONLY PA Department of Revenue pennsylvania DEPARTMENT OF REVENUE County Code Year File Number Bureau of Individual Taxes INHERITANCE TAX RETURN _ PO BOX 280601 I Harrisburg.PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 07282012 01151919 Decedent's Last Name Suffix Decedent's First Name MI HYKES DOROTHY C (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 BOXES BELOW 1.Original Return 2.Supplemental Return [_] 3 Remainder Return(Date of Death Prior to 12-13-82) 4 Limited Estate 4a.Future Interest Compromise(date of [� 5 Federal Estate Tax Return Required death after 12-12-82) 0 6,Decedent Died Testate Q 7,Decedent Maintained a Living Trust 0 8 Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) Q 9.Litigation Proceeds Received 10.Spousal Poverty Credit(Date of Death [� 11 Election to Tax under Sec.9113(A) Between 12-31-91 and 1-1-95) (Attach Schedule O) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number ROBERT G . FREY 7172,-435838 r- C_.., M A,E TER OF Vql[�LS Ue6 ,4 Y co •- - 3 M First Line of Address r- r? C7) n 7 5 S . HANOVER ST . '- - ' Second Line of Address --- i 11T B DATE"I'ED City or Post Office State ZIP Code CARLISLE PA 17013 Correspondent's e-mail address: R F R E Y a@ F R E Y T I L E Y . C O M 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 true,correct and complete. Declaration of preparer other than the personal representative is basedag all information of which preparer nas any knowledge SIG URE F PERSO R NSIBLE OR FILING RETURN _ DA AD RESS SIGNAT R F PR PA HE THA R PRESENTATIVE CAT ADDRESS 5 SOUTH HANOVER STREET CARLISLE PA 17013 PLEASE USE ORIGINAL FORM ONLY Side 1 1505611180 150561118E 1505611280 REV-1500 EX(Fl) Decedent's Social Security Number Decedent's Name: DOROTHY C HYKES RECAPITULATION 1. Real Estate(Schedule A) . 1 NONE 2. Stocks and Bonds(Schedule B) . . . . . . . . 2. NONE 3. Closely Held Corporation, Partnership or Sole-Proprietorship(Schedule C) . 3. NONE 4. Mortgages and Notes Receivable(Schedule D) . . . . . . . . . . . . . . . . . . . . 4 NONE 5. Cash, Bank Deposits and Miscellaneous Personal Property(Schedule E). . . 5 44410 . 00 6. Jointly Owned Property(Schedule F) =Separate Billing Requested . . . . . . . 6. NONE 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property (Schedule G) =Separate Billing Requested . . 7. 245233 . 00 8. Total Gross Assets(total Lines 1 through 7) . . . . . . . . . . . . . . . . . . . . . . . . . . 8. 289643 . 00 9. Funeral Expenses and Administrative Costs(Schedule H). . . . . . 9 8774 . 00 10. Debts of Decedent, Mortgage Liabilities and Liens(Schedule 1). . . . . . . . . 10. 303 . 00 11. Total Deductions(total Lines 9 and 10) . . . . . . . . . . . . . . . . . . . . . . . . . _ . 11. 9077 . 00 12. Net Value of Estate(Line 8 minus Line 11) . . . . . . . . . . . . . 12. 280566 . 00 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made(Schedule J) 13. 0 . 00 14. Net Value Subject to Tax(Line 12 minus Line 13). . . . . . . . . . . . . . . . . . . . . . 14. 28051313 . 00 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.0 0 15. 0 . 00 16.Amount of Line 14 taxable at lineal rate X 45 280566 . 00 16. 12625 . 47 17.Amount of Line 14 taxable at sibling rate X ###I 17 0 . 00 18.Amount of Line 14 taxable at collateral rate X ##4 18. 0 . 00 19. TAX DUE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. 12625 . 47 20 FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 1505611280 1505611280 J REV-1500 EX(Fl) Page 3 File Number 184-07-4194 Decedent's Complete Address: 21-12-841 DECEDENT'S NAME DOROTHY C HYKES STREET ADDRESS 825 NORTH HANOVER STREET, APARTMENT 207 _T CITY STATE ZIP CARLISLE _7PA 17013 Tax Payments and Credits: 1. Tax Due(Page 2, Line 19) (1) 12625.47 2. Credits/Payments A. Prior Payments B. Discount Total Credits(A+ B) (2) 0.00 3. Interest (3) 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) 0.00 5. If Line 1 +Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 12625.47 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 ..... . ........ .... __.... .. _....... ....... ... __ [] Q b. retain the right to designate who shall use the property transferred or its income.. ..... . .._.._.........._ ____ [] c. retain a reversionary interest..... ...... ......._.........................._........ .. .... . .. _._ .____.._.................. _ [] d. receive the promise for life of either payments, benefits or care? ...._ . .. ... . .... _ [] ❑X 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? ._. .. [] Q 4. Did decedent own an individual retirement account, annuity or other non-probate property,which contains a beneficiary designation? ..... ... [] Q 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)].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-1508 EX+(11-10) SCHEDULE E pennsylvania CASH, BANK DEPOSITS, & MISC. DEPARTMENT NCETA RETURN PERSONAL PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Dorothy C Hykes 21-12-841 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 PNC Account No. 21001052970 5,182 2 PNC Account No. 5140410346 5,626 3 PNC Account No. 5004087003 4,698 4 Refund due from US Treasury 903 5 Refund due from PA. Department of Revenue 261 6 Refund from Church of God Home for apartment 27,200 7 Property receivable from Commonwealth of Pennsylvania, Unclaimed Property 540 TOTAL(Also enter on line 5, Recapitulation) $ 44,410 If more space is needed, use additional sheets of paper of the same size. f REV-1510 EX+(08-09) SCHEDULE G Pennsylvania DEPARTMENT OF REVENUE INTER-VIVOS TRANSFERS & RESIDENT EDEN TURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Dorothy C Hykes 21-12-841 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. DESCRIPTION OF PROPERTY ITEM INCLUDE THE NAME OF THE TRANSFEREE,THEIR RELATIONSHIP TO DECEDENT AND DATE OF DEATH %OF DECD'S EXCLUSION TAXABLE NUMBER THE DATE OF TRANSFER ATTACH A COPY OF THE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST IF APPLI-8LE) VALUE 1. Transamerica annuity purchased through PNC Investment Acct 128,812 100.00% 0 128,812 2. Nationwide Life Annuity purchased through PNC Investement Acci 116,421 100.00% 0 116,421 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTAL Also enter on Line 7, Recapitulation) $ 245,233 If more space is needed, use additional sheets of paper of the same size. REV-1511 EX i (10-09) Pennsylvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RETURN RESIDENT DECEDENT ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Dorothy C Hykes 21-12-841 Decedent's debts must be reported on Schedule Ie ITEM NUMBER DESCRIPTION AMOUNT A. FUNERALEXPENSES: 1. Egger Funeral Home, Inc. 4,833 B. ADMINISTRATIVE COSTS: 1 Personal Representative Commissions. Name(s)of Personal Representative(s) Street Address City _ State ZIP Year(s)Commission Paid: 2. Attorney Fees: 3,500 3. Family Exemption:(If decedent's address is not the same as claimant's,attach explanation.) Claimant Street Address City State ZIP Relationship of Claimant to Decedent 4. Probate Fees. 166 5. Accountant Fees: 6. Tax Return Preparer Fees. 7. Advertising fee to Cumberland Law Journal and The Sentinel 275 TOTAL(Also enter on Line 9, Recapitulation) $ 8,774 If more space is needed, use additional sheets of paper of the same size REV-1512 EX-(12-C8) pennsylvania SCHEDULE I DEPARTMENT OF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN RESIDENT DECEDENT MORTGAGE LIABILITIES & LIENS ESTATE OF FILE NUMBER Dorothy C Hykes 21-12-841 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 Final Bills owed to Church of God Home 303 t TOTAL(Also enter on Line 10, Recapitulation) $ 303 If more space is needed.insert additional sheets of the same size. REV-1513 EX+(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Dorothy C H kes 21-12-841 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 Darlene E. Lindsay 3146 Ritner Highway, Newville, PA 17241 Daughter 10%of Residue Edward Stouffer 2 6574 Swains Road, Marshall,VA 20115 Son 30% of Residue Linda Jackson 3. 9 Thornhill Ct., Carlisle, PA 17015 Daughter 30% of Residue 4. Doris Swartz 180 Bulls Head Road, Newville, PA 17241 Daughter 30% of Residue 1 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,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 0.00 If more space is needed,use additional sheets of paper of the same size Sep 13 2012 10: 58RM Egger Funeral Home 7177764589 p. 1 16 Big Spring Avenue NEWVILLE, PENNSYLVANIA 17241 F. CHARLES EGGER, Supervisor 717-776-34i 4 FRANK C. EGGER, Funeral Director August 14,2012 Funeral bill for Dorothy Hykes Date of Service July 31, 2012 Professional Services $4,350.00 10 Death Certificates $6.00 a piece $60.00 Clergy offering $75.00 Sentinel Obituary $107.39 Valley Times Star obituary $50.00 Flowers $190.80 Total $4,833.19 Funeral Paid In Full n_ 7u F�it v ark a P, i NS TW Y, August 13, 2012 Robert Gr Frey Frey &Tiley 5 South Hanover St Carlisle, PA 17013 RE: Name: Dorothy C Hykes SSN: 184-07-4194 DOD: 07-28-2012 Dear Sir/Madam: In response to your request for Date of Death (DOD) balances for the customer noted above, our records show the following: Certificate of Deposit Account# 21001052970 Established: 03-09-1990 DOROTHY C HYKES DOD balance: $ 5,181.46 +0.71 accrued interest Interest paid 01-01-2012 thru 07-28-2012 $ 7.57 YTD Checking Account Account# 5140410346 Established: 03-07-1984 DOROTHY C HYKES DOD balance: $ 5,625.67+0.03 accrued interest Interest paid 01-01-2012 thru 07-28-2012 $ 0.35 YTD Savings Account Account# 5004087003 Established: 05-12-2003 DOROTHY C HYKES DOD balance: $ 4,697.57+ 0.09 accrued interest Interest paid 01-01-2012 thru 07-28-2012 $ 3.25 YTD Investment Account The decedent maintained Investment Account#4569836. For further information,you may call the Brokerage Department at 1-800-762-6111_ Page 1 of 2 P n L z ,�-P, please note that this office provides date of death balances for deposit accounts(IRAs, CDs, Checking and Savings). We do not process any financial transactions or provide statements. If you need assistance with any of these items,please call 1-888-PNC-BANK(1-888-762-2265) or stop by your local PNC Bank branch office. Sincerely, National Financial Services Center PNC Bank,N.A. Member FDIC This message is intended for the use of the individual or entity to which it is addressed and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If the reader of this message is not the intended recipient or the employee or agent responsible for delivering this message to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communications is strictly prohibited If you have received this communication in error, please notify me immediately by reply or by telephone at 800-762-1773 and immediately destroy this faxed document. Page 2 of 2 Nationwide On Your Side August 29, 2012 Frey & Tiley Attn Sharon DeVos 5 South Hanover Street Carlisle, PA 17013 RE: 01-6019658 Insured: Dorothy Hykes (deceased) Dear Ms. Devos, This is in response to your inquiry about the date of death calculation on Ms. Cameron's contract. The date of death value on this annuity as of July 28, 2012 was $116,392.85 and represents an estimation of the present value of future payments due, as of the date of death. This value is Nationwide Life Insurance Company's interpretation of the valuation required for federal estate taxes as defined in Section 20.2031-8 of the Internal Revenue Code. In providing this estimation, Nationwide does not recommend use of this value for any other purpose. We're here to help. If you require any further assistance, please contact us within the next 60 days at 1-800-848-6331, Monday through Friday 8:30 a.m. to 8:00 p.m. Eastern Time. Our annuity service center specialists will be happy to assist you. Sincerely, Nationwide Financial Enclosure Annuities and life insurance products are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio. The general distributor for variable insurance products is Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation. Administrative Ofce:TRANsAmEmCA 4333 Edge4vood Road NE a LIFE INSURANCE COMPANY Cedar Rapids,1A 52499 www.transamericaannuities.com August 9 , 2012 DARLENE LINDSAY 3146 RITNER HWY NEWVILLE PA 17241 RE: Annuity Number(s) 02CBT106924 Dear Claimant: We have received notification of the death of Dorothy C Hykes . We extend our sincere condolences to you for your loss . The information in this letter is being provided to assist you in submitting death claim paperwork. Our records reflect the following information regarding this annuity: Annuitant : Dorothy C Hykes Owner: Dorothy C Hykes Claimant: Darlene Lindsay 10% Annuity value: $128, 812 . 49 as of 07-28-2012 Annuity type: Non-Qualified Tax Information This letter includes general tax information that should not be relied upon for personal tax planning. Transamerica Life Insurance Company does not give legal, tax, or accounting advice. You may want to consult your attorney, tax advisor, or accountant with questions regarding the direct tax consequences when selecting an option. General Information The financial professional of record will remain on this annuity unless we are notified of a change in writing. Please be advised automatic operations such as Systematic Payouts and Automatic Payments have been stopped. an AEGON company Please submit the following documents upon selection of an option: • An original certified death certificate for Dorothy C Hykes indicating the manner of death • The original annuity contract (excluding the Continue Option) • The completed Annuity Claimant' s Statement The following option(s) is/are available to the claimant : Lump Sum Payment The death proceeds value will be distributed to you in a lump sum payment. The taxable amount of any distribution will be reported on a Tax Form 1099-R in January of the following year. Settlement Option The proceeds of this annuity policy will be distributed in periodic payments over a minimum of five years calculated on a minimum value of $5, 000 . 00 . The following restrictions or requirements may also apply, depending on the settlement option chosen and as described in the contract provisions : • The period may not exceed your life expectancy; • The payments must begin within one year of the date of the death; • A minimum number of annuity policy payments may be required; and • An annuitization request form must be completed and submitted to US . The taxable amount of any distributions will be reported on a Tax Form 1099-R in January of the year following the distribution. Please contact us for information regarding annuity products available to you. Delay the Lump Sum Payment up to 5 years following the date of death You are responsible for requesting we distribute any remaining proceeds prior to December 31St of the fifth year following the death. The taxable amount of any distribution will be reported on a Tax Form 1099-R in January of the following year. LAST WILL AND TESTAMENT OF DOROTHY C. HYKES 1, DOROTHY C. HYKES,widow,of North Newton Township(mailing address: 440 Shippensbu.rg Road,Newville,Pennsylvania 17241),Cumberland County,Pennsylvania,being of sound and disposing mind,memory and understanding,do hereby make,publish and declare this as and for my Last Will and Testament,hereby revoking and making void any and all Wills by me at any time heretofore made. L I direct my hereinafter named Executors to pay all of my just debts and funeral expenses as soon after my death as may be found convenient to do so. I direct that my funeral services be conducted by the Egger Funeral Home in Newville,Pennsylvania,and that my body be interred beside that of my husband, Robert L. Hykes, on our burial lot in Cumberland Valley Memorial Gardens located along Governor Rimer Highway near the Borough of Carlisle, Pennsylvania. 2. All of the rest, residue and remainder of my estate, real, personal and mixed, and wheresoever the same may be situate,I give,devise and bequeath to my four(4)children, their heirs and assigns,in the fractions indicated,provided each of them shall survive me by a period of ninety(90)days,but should any of my said four children fail to so survive me then the share such deceased child of mine would have received shall pass to such of his or her issue as shall survive me by a period of ninety(90)days,their heirs and assigns,per stirpes, and if there be no such issue the same shall lapse and be added proportionately to the remaining shares,per stirpes: a) Ten(10%)percent to my daughter,Darlene Elizabeth Lindsay; b) Thirty(30%)percent to my son,Edward Lee Stouffer; c) Thirty(30%)percent to my daughter,Linda Kay Jackson;and d) Thirty(30%)percent to my daughter,Doris Jean Swartz. 3. 1 hereby nominate,constitute and appoint my three(3)children,Edward Lee Stouffer, Linda Kay Jackson,and Dorris Jean Swartz,as co-Executors of this my Last Will and Testament and I further direct that none of them shah be required to post any bond to secure the faithful performance of his or her duties in the Commonwealth of Pennsylvania or in any other jurisdiction. IN WITNESS WHEREOF,I have hereunto set my hand and seal to this my Last Will and Testament,written on one(1)page,this 12th day of August,1994. —(SEAL) Dorothy C.­Hy es Signed, sealed, published and declared by DOROTHY C. HYKES, the Testatrix above- named, as and for her Last Will and Testament, in our presence, who, in her presence, at her request, and in the presence of each other, huve hereunto subscribed our names as attesting witnesses. 71