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Home My WebLink About08-12-13 (2) � L50561014D �� EX {02-11}{Ft} �:�: PA Department of Revenue �a��y��{� Year ' , File Number Buceau of Indiuidual Taxes INHERITANCE TAX RETURN PO BOX 280601 z 1 1 � 0 5 9 5 Harrisburg,PA 17128-4601 RESIDENT DECEDENT � � � ENTER DECEDENT INFORMATION BELC?W Social Security Number �a#e of Qeath MMDDYYYY Date af B9rth MMDDYYY1f D 5 C 4 2 0 1 3 0 3 2 2 1 9 2 ? Decedent's Last Name �uffix Decedent's First Name MI 0 T T 0 G L A D Y S P (If Appllcable)Enter Surviving Spouse's Information Belaw Spouse's Last Name Suffix Spouse's Firs#Narne MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN dUP�ICATE WITH THE REGISTER OF WILL.S FILL IN APPROPRIATE OVALS BELOW Q 1.Original Return � 2.Supplemental Retufn � 3.Remainder Return{�ate of Death Prior to 12-13-82) � 4.Umited Esta#e � 4a.Future interest Compromise{date of � 5.Federal Estate Tax Return Required death after 12-12-82) C�X, 6,Decedent Died Testate ❑ 7.Decsden#Maintained a�iving Trust 0 8.Tota1 Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust.) � 9.Litigation Proceeds Received � 10.Spausal Poverty Credit(Date of Death � 1�.Election ta Tax under Sec.9913(A} Befinreen 12-31-91 and 1-1-95) (Attach Schedule O) Cf3RRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPQNDENCE AND CONFIDENTtAL TAX INFORMATION SHOULD BE DIRECTED T4; Name Daytime Telephane Numbe� = V 0 V • 0 T T Q I I I ? 1 7 2 4 3 3 3 4 1 � REGISTER OF WILLS USE ONLY ._. :_._., � C�, •=-.� �1 t"Yt First Line of Address '� �,+ �ry '� � � �� , 0 E A S T H I G H S T R E E T '�' � �' �'� `�` �"t� � t`� ...�,.� � Second Line of Address '� �"" � � "W'�� s:� t"" ,� t�? N '.�� U�' -'� �y C� �! ""�"� � City or Post t'�ffice S#ate ZIP Code � � ��F� °�'� � � �"" f--� � � cA � � = s � E Pa a� � oti � � :� � � �, � � � �arrespondent's e-mail address: IOTTO(c�,MARTSONLAW.COM Under penaities of peryury,i deciare that i have examined this retum,inciuding accompanying schedules and statements,and to the best of my knowiedge and belief, it is true,ca ect and complete.Deciaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATUR O P N SIBLE FOR FILING RETURN ATE � ADDRESS y0 E T HIGH STREET CARLIS�E PA 1?0y� SIGNATUR OF E R OTHER THAN REPRESENTATIVE D TE� ADDRES$ 10 EAST HIGH STREET �AR�ISLE PA I,?013 PLEASE USE ORIGINAL FORM ONLY Side 1 � 15�561014d �,5056�,014� � J 1505610240 REV-1500 EX(F!} p��t�s Social Security Number Qec�ent's�ame: G L A I}Y S P• {}T T{} RECAPlTULATION 1. Real Estate(Schedule A) ........................................... 1• � • 0 � 2. Stocks and Bonds(Schedule B} ...................................... 2• 0 , 0 � 3. Closely Held Corporatian,Partnership ar Sole-Proprfetorship{Schedule G� ..... 3. • 4. Mortgages ar►d No#es Receivable{Schedule D} .......................... 4. • 5. Cash,Bank De asits and MisceNaneous Personai Pro e 2 � 3 9 8 8 . 1 2 p p rty{Schedule E}......, 5. 6. Join#ly awned Property{Schedule F} ❑ Separate Biiling Requested ......, 6. � • � 0 7. In#er-Vivos Transfers&Miscellaneous N Probate Property 0 i Q Q {Schedule G} � Separate Billing Requested ....... 7. 8. Total Grass Assets{tatal Lines 1 thraugh 7} ........................... 8. 2 � 3 9 8 8 . 1, 2 9. Funeral Expenses and Administrative Costs{Scheduie H� .................. 3� � 3 6 5 4 . 9 5 10. Debts of Decedent,Mortgage�iabilities,and l.iens{Schedule 1} ............. 10. !� 4 4 . 6 $ 91. Tota1 Deduct�ons(total�.ines 9 and 10} ............................... �1. 1� 4 4 9 9 . 6 3 12. Net Value of Es#ate�L`me 8 minus l.ine 11} .................. ...... .... 12. 1 8 9 4 8 � . 4 9 13. Charitable and Governmental BequestslSec 9113 Trusts for which an election to tax has not been made(Scheduie J) .. .. . . . ... ............ 13. . 14. Net Value Subject to Tax{L�ne 12 minus Line 13) ... .... ....... .... . ... 14. L � 9 4 8 8 . 4 9 TAX CALCULATION-SEE INSTRUCTI4NS Ff)R APPE.ICABLE RATES 15. Amount of Line 14 taxable , a##he spousal tax rate,or transfers under Sec.9116 {a}{�z}X.0 0 . 0 0 ��. 0 . � 0 16. Amount of Line 14#axable at�ineai�ate x.oa5 1, � 9 4 8 8 . 4 9 ��. 8 5 2 6 . 9 a 17. Amount of Line 14 taxable at s��in�rate x.12 0 . 0 � �7. 0 . 0 0 18. Amount of Line 14#axable at collateral rate X,�� . 0 0 ��. 0 . 0 � 19. TAX DUE ..................... .. ............... ... ............. 19. � S �C 6 = 9 8 20, FIE,L IN THE OVA�IF YC}U ARE REQUESTtNG A REFUND OF AN CIVERPAYMENT QX Side 2 � 1505610240 ],505610240 J REV-1500 EX{FI} Page 3 Fite Number Decedent's Complete Address: 2i l� os�s DECEDENTS NAME GLADYS P.OTTO STREET ADDRESS 12I Walnut Bottom Road CITY STATE ZIP Shippensburg PA 17057 Tax Payments and Credits: �� Tax Due(Page 2,Line 19) {1} $,52G.98 2. Credits/Payments A.Prior Payments B.Discaunt 426.35 Total Credits t A+B} (2) 426.35 3. interest (3) 4. If Line 2 is greater than Line 1+Line 3,enter the difference.This is the QVERPAYMENT. Fiil in oval on Page 2,Line 20 ta 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) $,100.63 �ake check payable to: RE�ISTER (�F �IL�S, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOGKS 1. Did decedent make a transfer and: Yes Na ' a. retain the use or incame of the property transfeRed ...................................................................... ❑ 0 b. retain the right to designate who shal!use the property transferred or its income ............................... ❑ � c. retain a reversionary interest ..................................................................................................... ❑ 0 d. receive the promise far life of either payments,benefits or care? ....................................................... ❑ 0 . 2. If death occurred after December 12,1982,did decedent transfer property within one year of death wit�ou#receiving adequate consideration7 ....................................................................................... ❑ 0 ' 3. Did decedent own an"in trust for"ar payable-upon-death bank accaunt or security at his or her death? ......... ❑ � 4. Did decedent own an individual retirement account,annuity or other non-probate property,which contains a beneficiary designation?.................................................................................................. ❑ 0 IF THE ANSWER Tfl ANY OF TNE ABt3VE QUESTI{}NS IS YES,YOU MUST COMPLETE SCHEDU�.E G AND FI�E 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 ar for#he use of the surviving spouse is 3 percent�72 P.S.§9116{a��1,1�{i}�. For dates of death on ar after Jan.1,1995,the tax rate imposed on the net value of transfers ta ar for t�e use of the surviving spouse is 0 percent [72 P.S.§9116(a)(1.1}(ii)].The statute does not exempt a transfer ta a surviving spouse ftom tax,and the statutory requirements far disclosure of a�sets and filing a taac return are sti(I applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1,2004: • The tax rate imposed on th�net value c�f transfers from a deceased child 21 years af age or younger at death ta or for#he 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 p2 P.s.§9116(a)(1)J. • The taxrate imposed an the net value of transfers to or for the use af#he decedent's siblings is 12 percent[72 P.S.§9116ta)(1.3)].A sibling is defined, under Section 9102,as an individual wha has at least one parent in cammon with t�e decedent,whether by blood ar adaption. REV-1508 EX+(08-12� pennsylvania �CHEDULE E DEPAI2TMENTOFREVENUE CASH, BANK DEPOSITS & MISC. INHERITANCE TAX RETURN RESIpENT DECEDENT PERSONAL PROPERTY ESTATE flF: FILE NUMBER: GLADYS F.OTTO 21 13 Q595 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly owned w�th rtght of survivorship must be disc{osed on Schedule F. ITEM VALUE AT DATE NUMBER QESCRIPTION OF DEATN 1. Orrstown Bank checking 1080Q2682 1 p,528.77 (IO,S28.b4+.13 interest) See attached 2. Orrstawn Bank savings 74G000232 192,52'].74 {142,456.55+'71.19 interest} See attached 3. PSERS,benefit 52�.07 4. SHCC,refund af patient care account 25.00 5. West Shore A.L.S.,refund 380.54 TOTAI.{Alsa enter on Line 5,Recapitufiation} $ �p��gg,�� If more space is needed,use additianaf sheets of paper of the same size. REV-1512 EX+{'12•12} pennsylvania SCHEDULE 1 DEPARTMENT OF REVENUE DEBTS OF DECEDENT, INHERITANCETAxRETURN Mt�RTGAGE �IABII.ITCES&[.IENS RESIDENT DECEDENT ESTATE OF FILE NUMBER GLADYS P.QTTO 21 13 0�95 Repart debts incuIT�by the decedent prior to death that remained unpaid at the date of death,including unreimbursed medical expense�. ITEM VAI.UE AT DATE NUMBER DE5CRIPTION QF DEATH 1. Trinity Pharmacy Services,account payable 272.29 2. Baihara Internal Medicine Association,account payable 30.t}0 3. West Shore El�iS,accaunt payable 542.3� TCITAL(Also enter on Line 10,Recapitulation) $ 844.68 If more space is needed,insert additior�a!sheets of the same size. REV-1511 EX+(10-09) pennsylvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCETAXRETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER GLADYS P.OTTO 21 13 0595 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Hoffinan Roth Funeral Home,Carlisle,PA 17013 2,458.43 2. Dickinson College,Funeral Luncheon 620.13 3. Victoria L.Otto,reimbursement for funeral luncheon expenses 367.89 4. Ivo V.Otto III,reimbursement for funeral luncheon expenses 60.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s)of Personal Representative(s) Street Address City State ZIP Year(s)Commission Paid: 2, Attomey Fees: MARTSON LAW OFFICES(estimated) 9,750.00 3, Family Exemption:(If decedenYs address is not the same as claimant's,attach explanation.) Claimant Street Address Ciiy State ZIP Relationship of Claimant to Decedent 4. Probate Fees: Cumberland County Register of Wills 348.50 5 Acxountant Fees: 6. Tax Retum Preparer Fees: 7, Additional Probate Fee 50.00 TOTAL(Also enter on Line 9,Recapitulation) $ 13 654.95 ' If more space is needed,use additional s eets of paper of the same size. REV-1513 EX+(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT pECEDENT ESTATE OF: FILE NUMBER: GLADYS P.OTTO 21 13 0595 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 out n'g ht spousal distributions and transfers under Sec.91�6(a)(1.2).j 1. Ivo V.Otto III Lineal 63,162.83 10 East High Street Carlisle,PA 17013 2 Cathy O.Pasdiora Lineal 63,162.83 6785 Sererity Drive Troy,MI 48098 3. Victoria L.Otto Lineal 63,162.83 759 York Road Carlisle,PA 17105 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. $ If more space is needed,use additional sheets of paper of the same size. REV-1500 Discount, Interest and Penalty Worksheet Discount Calculation Total Amount Paid within three calendar months of the decedent's date of death: 8,509.27 Discount: 426.35 Interest Table Year Days Delinquent Balance Due Interest this time period this year this period Before 1981 1982 � 1983 1984 1985 1986 1987 1988 throu h 1991 1992 1993 throu h 1994 1995 throu h 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 ; 2009 2010 2011 throu h 2013 TOTALS Penalty Calculation If the decedent's date of death was on or before March 31, 1993, insert the applicable amount: Total Balance Due on January 17, 1996: Penalty: . ORIGINAL RETAINED BY: A�A�TSON DEA►RDORPF WrI7.iAM� 4TT0 GII.SOY�FALLER MARTSON LAW OFFICES LAST WILL AND TESTAMENT 10 EAST HIGH STREET CARLISLE,PA 17013 CIi7)243-3341 I, GLADYS P. 4TT0, of South Middleton Township, 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 by me made. ITEM ONE I direct that all my legally enforceable debts, funeral expenses, testamentary expenses and all inheritance taxes shall be paid to the extent possible from the residue of my estate as soon as practicable after my decease and as part of the administration of my estate. ITEM TWO I give and devise any interest I may have in the remainder of the farm known as"Rockwood", consisting of 65 acres, more or less, and located to the north of and bounded by Lisburn Road and located to the west of and bounded in part by South Middlesex Road,in South Middleton Township, Cumberland County, Pennsylvania, to my son, IVO V. OTTO III, free and clear of all liens or encumbrances thereon. ITEM THREE I give and devise my farm located on York Road, South Middleton Township,Cumberland County,Pennsylvania,consisting of approximately 130 acres,to my daughter,VICTORIA L.OTTO. ITEM FOUR All the rest,residue and remainder of my estate,I give and devise to my children,VICTORIA L. OTTO, CATHY O. PASDIORA and IVO V. OTTO III. ITEM FIVE In the event any share of my estate shall devolve upon any person who shall not have attained Page 1 of 6 Pages the age of 25 years,then my Trustees shall hold such share for the benefit of such person until such age shall be attained, being at liberty until such distribution to pay so much of the net income therefrom and principal thereof to such person as is necessary for the proper and adequate support of such person. ITEM S IX POWERS OF EXECUTOR AND TRUSTEE In addition to the powers conferred by case law,by statute, and by other provisions hereof, my Executor and Trustee and his successors, shall have the following discretionary powers applicable to all property held by him, which powers shall be effective without order of any court and shall exist until final distribution: A. To retain any property of any nature received by him for whatever period he shall deem advisable; B. To invest and reinvest all or any part of said property in such stocks,bonds,securities or other property, real or personal, as in his discretion he shall deem proper, without regard to statutes limiting the property which a fiduciary may purchase; C. To sell,transfer,exchange or otherwise dispose of,any part of said property,for cash or on terms,publicly or privately,or to lease,even for a term exceeding five(5)years or the duration of any trust herein, without liability on the purchasers or lessees to see to the application of the proceeds, and to give options for these purchases without the obligation to repudiate them in favor of a higher offer; D. To execute and deliver any deeds, leases, assignments or other instruments as may be necessary to carry out the provisions of any trust hereunder; E. To borrow money, including the right to borrow money from any bank and to mortgage or pledge any asset of the estate as security; F. To assume continuance of the status of anybeneficiary with regard to death,marriage, divorce, illness, incapacity and the like in the absence of information deemed reliable without liability for disbursements made on such assumption; Page 2 of 6 Pages G. To pay from the trust,or the income therefrom,all debts or claims against my estate, or any taxes or similar charges on my estate; H. To make any distribution hereunder either in kind or in money, or partially in kind and partially in money. Distribution in kind shall be made at the market value of the property distributed, and my Trustee, in his absolute discretion, may cause the share distributed to any distributee to be composed of property similar to or different from that distributed to any other distributee; I. To exercise any subscription right in connection with any security held hereunder,to consent to or participate in any recapitalization, reorganization, consolidation or merger of any corporation, company or association, the securities of which may be held hereunder, to delegate authority with respect thereto, to deposit investments under agreements, to pay assessments, and generally to exercise all rights of investors; J. To invest in endowment, insurance or annuity policies on the lives of beneficiaries of any trust hereunder; K. To continue in any partnership, joint venture, joint ownership or other business enterprise of which I am a part at the time of my death; L. To compromise claims; M. To continue for whatever period of time as he shall deem necessary any ownership as a tenant in common or as a partner,in real estate or other property and to act as I could have done had I been living; N. To lend money to my estate or to any trust created hereunder or to purchase from the estate or from any trust created hereunder, at the market value thereof at the time of purchase, any securities or other property tendered to them by my estate or any trust created hereunder at any time and from time to time within a period of nine(9)months after my death; O. In the event that any amounts are payable hereunder or under any trust created hereunder to a minor, or to a person otherwise under legal disability,or to a person not adjudicated to be an incapacitated person,but who,by reason of illness or mental or physical disability is,in the opinion of fiduciary(ies)hereunder,unable to properly administer such amounts,such amounts may Page 3 of 6 Pages be paid by the fiduciary(ies)hereunder in his,her or their sole discretion in any of the following ways as he, she or they may deem best: 1. Directly to such beneficiary; 2. To a legally appointed guardian of such beneficiary for the benefit of such beneficiary; 3. To a person having custody of such beneficiary for the benefit of such beneficiary; 4. By the fiduciary(ies)hereunder using such amounts directly to the benefit of such beneficiary. Evidence of the application or payment of an amount in such a manner shall be a full and complete discharge of the fiduciary(ies) hereunder to the extent of such payment or application. This paragraph shall be applicable to payments of income as well as principal. P. To employ agents, attorneys and proxies and to delegate to them such power as my personal representatives and Trustees consider desirable and to pay reasonable compensation for such services as may be rendered by such agents, attorneys and proxies; Q. To do all other acts in their judgment necessary or desirable for the proper management, investment and distribution of my Estate. ITEM SEVEN PROTECTIVE PROVISIONS All income or principal held for the use and benefit of any trust hereunder shall not be in any way or manner subject to anticipation, assignment, pledge, sale or transfer, nor shall any such interest, while in the possession of my Trustee, be liable for or subject to the debts, contracts, : obligations, liabilities or torts of any beneficiary, or to attachments, executions or sequestrations under process of law. ITEM EIGHT APPOINTMENT OF EXECUTOR AND TRUSTEE I nominate, constitute and appoint my son, IVO V. OTTO III, as Executor of my estate. Page 4 of 6 Pages ' . . I hereby appoint my said son, IVO V. OTTO III, Trustee of any trust created hereunder. In the event my said son, IVO V. OTTO III, shall be unable or unwilling to serve, or to continue to serve,as either Executor or Trustee hereunder,then I appoint my daughter CATHY O.PASDIORA, in his stead. ITEM NINE WAIVER OF BOND I direct that my Executor and Trustee shall not be required to file any bond in any jurisdiction to secure the faithful performance of his duties, nor shall he be required to obtain any order or approval of any court for the exercise of any power or discretion set forth in this Will. IN WITNESS WHEREOF I have hereunto set my hand and seal this�1 s� day of , 2004. (SEAL) G ys P. Ott SIGNED,SEALED,PUBLISHED AND DECLARED by the above-named Testatrix,as and for her Last Will and Testament,in the presence of us,who at her request,have hereunto subscribed our names as witnesses thereto, in the presence of the said Testatrix and of each other. ({ � r -� ,� �F r� , Page 5 of 6 Pages � . COMMONWEALTH OF PENNSYLVANIA ) : SS. ; COUNTY OF CUMBERLAND ) � U �..� ,and u.._�� J�.��, We,Gladys P.Otto, �r/d the Testatrix and the witnesses, respectively, whose names are ' ned to the foregoing instrument, : being first duly sworn,do hereby declare to the undersigned authority that the Testatrix signed and executed the instrument as her last Will and that the Testatrix has signed willingly, and that the Testatrix executed it as her free and voluntary act for the purposes therein expressed,and that each , of the witnesses, in the presence and hearing of the Testatrix, signed the Will as a witness and that to the best of his/her knowledge the Testatrix was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence. Te tri Witness � , ��'� � �,�: it s Subscribed, sworn to and acknowledged before me by Gladys P. Otto, the Testatrix, and su scribed and sworn to before me by ,��/d j� �Q��.1� and ,.� <�if��e .- , the witnesses, this !s� day of�c�w-�i� , 2004. � . �� COMMONWEALt�H UF 1'ENNSY VANIA NO � blic Notarial Seal Mary M.Price,Notary PubHc Carlisle Boro,Cumberland Coun� My Commission Expires Aug.18,2 07 a.� m�3er,PQnnsY�VBrna As•SOCiation of Notaries Page 6 of 6 Pages ,.�....�.�..�. I�►RST��V��T �A�� A Trad'r�ion of Excell��rtce May 29,20�3 Martson Law�3f�`ic� Victaria L Qtto 10 East High St Carlisle,PA 1�Ol 3 Fax;243-185C! . Re: Estate of Gladys P Ottc� Social Security 1'J'umber 200-22-7U72 Date of Death 05/24/2013 IT IS HEREB�Y CER'TIFIED THAT THE A84VE NAMED DECEDENT HAD T'HE Ft�L�3WING ACCat�I��'I'S W�'CH ORRSTt�WN BAI�1I�.: CHE"�KING.�4CCC)ZTNT � Acca►unt N'o,� 1Q80Q2682 Account Type- 50+Interest+Checkin,g Date�tpreneci- 11/1211997 J�int Account(name/date)- No Balance- �10,528.64 Accrued �nterest- $Q.13 5.�4 Y.�11TGS�#CCt3 t��+JT Accaunt 1�To.- 7�(?00232 Account Type- Prime 5tatement Savings L)ate+C}pened.- 02/Q1/20Qb Joint Account(name/c�ate)- No Balance- $192,45fi.55 : Accrued Interest- $71.19 Best Regarc�s, , s�� Lisa I�line Deposit Pracessing C1erk III 2695 Philadelphia Avenue•Cham�aersburg,PA 17201 � ��.v�.._��.--'; �j�-�--Y�-e-'C.? f`'` �"