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HomeMy WebLinkAbout08-07-13 (2) i IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHAN'S COURT DIVISION In re: Estate of } GLENDA S. LIEBRUM, deceased, } No. 21-12-0428 late of North Middleton Township } FAMILY SETTLEMENT AGREEMENT THIS AGREEMENT is made the 31 day of J CA 1 2013, by and between APRYL L. LIEBRUM, of 506 Belle Ave., Boalsburg, PA 16828; RORY S. LIEBRUM, of 423 East Lisburn Rd., Mechanicsburg, PA 17055; ZANE LIEBRUM, of 2243 Ham Blvd., Clearwater, FL 33764; DENVER LIEBRUM, of 2070 S. Druid Circle, Clearwater, FL 33764; AUSTIN LIEBRUM, of 1208 Montecello Ave. N.E., Washington, DC 20002; CONNOR LIEBRUM, of 3408 Montgomery St, Apt B, Savannah, GA 31405; and APRYL L. LIEBRUM, Executor of the ESTATE OF GLENDA S. LIEBRUM, intending to be legally bound, the parties hereby agree as follows: 1. The parties are the Heirs of Glenda S. Liebrum, and the Executor of the Estate of Glenda S. Liebrum. Glenda S. Liebrum died on April 5, 2012, survived by the beneficiaries listed on Schedule J of the Inheritance Tax Return, attached hereto and marked as Exhibit "A." 2. The parties agree that the Will of Glenda S. Liebrum provided that her estate, after payment of the estate debts, expenses and taxes, was to be divided as follows: Apryl L. Liebrum - 45 percent w rn Rory S. Liebrum - 35 percent ° c; Zane Liebrum - 5 percent rn z c> � C/) ^' Denver Liebrum - 5 percent , Austin Liebrum - 5 percent Connor Liebrum - 5 percent r y C D Cn -q 1 r 4. A formal account of the estate has not been completed. An Informal Account is attached hereto and marked Exhibit "B." No formal accounting is required and the Informal Account is accepted as if it had been presented to and approved by the Court. 5. A Pennsylvania Inheritance Tax Return was filed and the tax due was paid. The Inheritance Tax Return is attached as Exhibit "A." 6. The parties desire to settle the estate by agreement. 7. The parties agree that the remainder be divided as set forth in paragraph #2 above. The parties hereby release each other from any further and future liabilities with regard to the past and proposed distributions and agree: a. to refund to the Executor any portion of any distribution to any party which the party is not properly entitled; b. to the extent of any distribution to indemnify the Executor for any claim made against the Executor; c. to reimburse the Executor all expenses, costs and legal fees in connection with such claim; d. to declare that this instrument shall be legally binding upon each party, his or her personal representative, successors and assigns. IN WITNESS WHEREOF, we have hereunto set our hands and seals the day and year first above written. APRYL L. LIEBRUM RORY S. LIEBRUM 2 4. A formal account of the estate has not been completed. An Informal Account is attached hereto and marked Exhibit "B." No formal accounting is required and the Informal Account is accepted as if it had been presented to and approved by the Court. 5. ; A Pennsylvania Inheritance Tax Return was filed and the tax due was paid. The Inheritance Tax Return is attached as Exhibit "A." 6. The parties desire to settle the estate by agreement. 7. The parties agree that the remainder be divided as set forth in paragraph #2 above. The parties hereby release each other from any further and future liabilities with regard to the past and proposed distributions and agree: a. to refund to the Executor any portion of any distribution to any party which the party is not properly entitled; b. to the extent of any distribution to indemnify the Executor for any claim made against the Executor; c. to reimburse the Executor all expenses, costs and legal fees in connection with such claim; d. to declare that this instrument shall be legally binding upon each party, his or her personal representative, successors and.assigns. IN WITNESS WHEREOF, we have hereunto set our hands and seals the day and year first above written. �� APRYL.L. LIEBRUM RORY S. LIEBRUM 2 `ZAN EBRUM DENVER LIEBRUM AUSTIN LIEBRUM CONNOR LIEBRUM ESTATE OF GLENDA S. LIEBRUM By: APR L.'LIEBRUM, Executor 3 ZA LIEBRUM NVER LIEBRUM AUSTIN LIEBRUM CONNOR LIEBRUM ESTATE OF GLENDA S. LIEBRUM BY: APR L.'LIEBRUM, Executor 3 ZANE LIEBRUM DENVER LIEBRUM AUSTIN LIEBRUM CONNOR LIEBRUM. ESTATE OF GLENDA S. LIEBRUM By: c% APR L.'LIEBRUM, Executor 3 ZANE.LIEBRUM DENVER LIEBRUM AUSTIN LIEBR CONNOR LIEBRUM ESTATE OF GLENDA S. LIEBRUM By: APRYL L. IEBRUM; Executor 3 ZANE LIEBRUM DENVER LIEBRUM AUSTIN LIEBRUM CONNOR LIEBRUM ESTATE OF GLENDA S. LIEBRUM By: APRYL L. IEBRUM, Executor 3 REVr-1500 Ex(n1-10) ; 1505610143 `'�' ' OFFICIAL USE Oki; PA Department of Revenue pennsylvania County Code Year Fde N Ad r Bureau of Individual Taxes ONNORTMENTOF REVENUE y Po 80X.280601 INHERITANCE TAX RETURN 2 .1 l 2 0 0 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 4 210 26 .5699 .04 05 2012 01 25 .1936 Decedent's Last Name Suffix Decedent's First Name MI LIEBRUM GLENDA S (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 ® 1. Original Return [] 2. Supplemental Return ❑ 3. Remainder Return(date of death prior to 12-13-82) ❑ 4. Limited Estate ❑ 4a. Future ro Interest Compmise ❑ 5. Federal Estate Tax Return Required (data of death after 12-12-82) ® 6, Decedent Died Testate ❑ 7, Decedent maintained a Living Trust 8_ Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) ❑ 9. Litigation Proceeds Received ❑ 10. Spousal i2sl ei r a 1(datteSof death ❑ 11.Election to tax under Sec.9113(A) (Attach Son.O) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number FREDRICK FARBER 814 238 0760 REGISTER OF WILLS USE ONLY First line of address - - 110 REGENT COURT SUITE Second line of address DATE FILED City or Post Office State ZIP Code STATE COLLEGE PA 16801 Corespondent's e-mail address: ffarber @ffarber.com 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 based on all information of which preparer has any knowledge. SIGNATURR OF PERSON R€SPON BLE FUR FILING RETURN DATE � / Apryl L. Liebrum 11 -3a- I 'L AUDR f 506 Belle Ave, Boalsburg, PA 16827 SIGNATURE ER OT ER THAN REPRESENTATIVE DAT Fredrick Farber ADDRESS 110 Regent Court, Suite 202, State College, PA 16801 Side 1 L 15D5610143 EXHIBIT A 1505610143 1505610243 REV-1500 EX Decedent's Social Security Number Da�edenrsNaMe. L IEBRUM, GLENDA S 2 10 2 6 5 6 9 9 RECAPITULATION 149 , 58"7 . 11 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. 31 , 794 . 50 5. Cash,Bank Deposits&Miscellaneous Personal Property(Schedule E)................ 5. 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested............. 6. 5 , 0 0.0 5 0 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property 2 6 5 , 7 0 6 2 4 (Schedule G) ❑ Separate Billing Requested............. 7, 8, Total Gross Assets(total Lines 1-7)..........................................._.......................... B. 452. , 0 8 8 35 27 , 846 . 71. 9.. Funeral Expenses&Administrative Costs(Schedule H)......................................... 9. 10. Debts of Decedent,Mortgage Liabilities,&Liens(Schedule I)................................ 10. 11. Total Deductions(total Lines 9&.10)..................................................... 27 84 6 . 7 1 12. Net Value of Estate(Line 8 minus Line 11) 424 , 241_ 64 ............................................................. 12. 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. 424 241 64 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. 16. Amount of Line 14 taxable 4 2 4 2.4 2_6 4 16, 1.9 , 09 0 . 87 at lineal rate X .045 17. Amount of Line 14 taxable at sibling rate X .12 7. 18. Amount of Line 14 taxable at collateral rate X .15 18. 19. Tax Due...................... ........................................................................................ 19. 19 0 9 0 . 87 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. ❑ Side 2 1505610243 1505610243 REV-1500 EX Page 3 File Number 21 - 12 - 00428 Decedent's Complete Address: DECEDENT'S NAM Liebrum, Glenda S STREET ADDRESS 671 Easy Road CITY STATE ZIP Carlisle PA 17015 Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) '19,090.87 .2. Credits/Payments A. Prior Payments 8,000.00 B. Discount 421.05 Total Credits(A + B) (2) 8,421.05 3. Interest (3) 0.00 4. If Line 2 is greater than Line 1 +Line 3, enter the.difference. This is the OVERPAYMENT. (4) Check box on-Page 211ne 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) 10,6 E9.8.2. 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;...................... ........................................................... El x b. retain the right to designate who shall use the property transferred.or its income;.................................... xx c. retain a reversionary interest;or.................................................................................................................. x d. receive the promise for life of either payments,benefits or care?........................................:..................... x 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?......................................:............................................................................... ❑x ❑ 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)()). 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)(1.1)(i)]. 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 oryounger at death to or 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). A sibling is defined under Section 9102,as an individual who has at least one parent in common with the decedent,whether f y bloor]or a"Pfmn. SCHEDULE A .CWMONWfF OF PENNSYLVPNIA REAL ESTATE INXERITMCETAX AE AN RESICENTOECEOENT FILE NUMBER ESTATE OF Liebrum, Glenda S 21 - 12 - 00428 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointly-owned with right of survivorship must be disclosed on schedule F. Attach a copy of the settlement sheet if the property has been sold. Include a copy of the deed showing decedent's interest if owned as tenant in common. ITEM DESCRIPTION VALUE AT DATE OF NUMBER DEATH 1 671 Easy Road, Carlisle, PA 17015 149,587.11 TOTAL (Also enter on Line 1, Recapitulation) 149,587:11 SCHEDULE E CASH, BANK DEPOSITS, & MISC. COMMDNWEX DFRENNSVLVANIA PERSONAL PROPERTY INHESMANCE TM iiETURN RESIDENT DECEDENT FILE NUMBER ESTATE OF Liebrum, Glenda S 21 - 12 - 00428 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on schedule F. ITEM DESCRIPTION VALUE AT DATE OF NUMBER DEATH 1 Automobile 1,800.00 2 Jewelry 180.00 3 Soveriegn Checking Account 29,351.00 4 Tax rebate 300.00 5 Insurance refunds 142.00 6 Comcast rebate 21.50 TOTAL (Also enter on line 5; Recapitulation) 31,794.50 SCHEDULEF COMMONWEALTH RITANC TAX RETURN JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT I ESTATE OF NUMBER Liebrum, Glenda S FILE. 21 - 12 - 00428 If an asset was made joint within one year of the decedent's date of death, it must be reported on schedule G. SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO DECEDENT Apryl L. Liebrum 506 Belle Ave. Daughter A Boalsburg, PA 16828 JOINTLY OWNED PROPERTY: LETTER DATE DEFSCRIPTION pF PRO ERTY %OF DATE Or DEATH ITEM Include name of fiinanclal Institution an bank account numbe DATE OF DEATH DECD'S VALUE of NUMBER FOR JOINT MADE 0n similar identifying number.Attach deed for jointly-held real VALUE OF ASSET DECEDENT'S INTEREST TENANT JOINT- estate. INTEREST 1 A 2010 First National Bank Account 10,001.00 50% 5,000.50 i TOTAL(Also enter online 6, Recapitulation) 51000.50 COMMONWEALTH OF PENNSYLVANIA SCHEDULE G INHERITANCE TAX RETURN - INTER—VIVOS TRANSFERS & RESIDENT DECEDENT MISC. NON-PROBATE PROPERTY ESTATE OF Liebrum, Glenda S FILE NUMBER 21 - 12 - 00428 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page 2 is yes. ITEM DESCRIPTION OF PROPERTY DATE OF DEATH %OF EXCLUSION TAXABLE VALUE Include the name of the transferee,their relationship to decedent VALUE OF ASSET DECD'S IF APPLICAELE) NUMBER and the date of transfer. Attach a copy of the deed for reel estate. INTEREST 1 Jackson National Life Insurance Annuity 159,165.38 100% 159,165.38 2 AXA Equitable IRA 106,540.86 100% I 106,540.86 I i I TOTAL(Also.enter on line:7, Recapitulation) I 265,706:24: SCHEDULEH COMMONWE4lH OF PENNSYLVPNIA FrUNERcA'{L B(PEN/S�/E�S�}& IWERITPNCE TAX RENRN ADMINISTRATIVE rV1�E WJ I S RLIT.X.T T. ERR= FILE NUMBER ESTATE OF Liebrum, Glenda S 21 - 12 - 00428 Debts of decedent must be reported on Schedule I. ITEM NUMBER FUNERAL EXPENSES: DESCRIPTION AMOUNT A. 1 Reimbursed to Rory Liebrum 1,364.50 B. ADMINISTRATIVE:COSTS: 1, Personal Representative's Commissions Name of Personal Representative(s) Apryl L. Liebrum 11,901.00 Street Address 506 Belle Ave City Boalsburg State PA Zip 16827 Year(s) Commission paid 2012 z. Attorneys Fees Fredrick Farber 11,901.00 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 Advertise 222.06 Costs - estimated 600.00 5. Accountant's Fees 5. Tax Return Preparer's Fees 7. Other Administrative Costs 1 Reimbursed to Apryl Liebrum 818.15 TOTAL(Also enter on line 9, Recapitulation) 27,846.71 C Schedule H o COMMONWEALTH'OF PENNSYLVANIA Funeral « INHERITANCE TAX RETURN AdministrativeUstscontinued RESIDENT pECEDENT .ESTATE OF Liebrum, Glenda S FILE NUMBER 21 - 12 - 00428 2 PP&.L Electric 240.00 .3 Black's Electric 800.00 Page 2 of Schedule H REV-1513 EX-(11-08) SCHEDULEJ COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Liebrum, Glenda S FILE NUMBER 21 - 12 - 00428 RELATIONSHIP TO SHARE OF ESTATE AMOUNT-OF ESTATE NUMBER NAME AND ADDRESS OF PERSON(S) DECEDENT (Words) ($$$) RECEIVING PROPERTY Do Not fist Tmstee(s) I, TAXABLE DISTRIBUTIONS[include outright spousal distributions, and transfers under Sec. 9116(a)(1.2)1 1 Apryl L. Liebrum Daughter 45 Percent 506 Belle Ave Boalsburg, PA 16826 2 Rory S. Liebrum Son 35 Percent 423 East Lisburn Rd Mechanicsburg, PA 17055 3 Zane-Liebrum Grandson 5 Percent 2243 Harn Blvd Clearwater, FL33764 Enter dollar amounts for distributions shown above on lines 15 through 18 on Rev 1500 cover sheet, as appropriate. NON-TAXABLE DISTRIBUTIONS: A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER: 0.00 I REV-1513 EXw IN.08) SCHEDULEJ COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Liebrum, Glenda S • 21 - 12-00428 RELATIONSHIP TO SHARE OF ESTATE AMOUNTOF ESTATE NUMBER NAME AND ADDRESS OF PERSON(S) DECEDENT (Words) ($$$) RECEIVING PROPERTY DO Not list Trustee(e) I TAXABLE DISTRIBUTIONS Qnclude outright spousal _ distributions, and transfers under Sec.9116(a)(1.2)] 1 Apryl L. Liebrum Daughter 45 Percent 506 Belle Ave Boalsburg, PA 16826 2 Rory S. Liebrum Soh 35 Percent 423 East Lisburn Rd Mechanicsburg, PA 17055 3 Zane-Liebrum Grandson 5 Percent 2243 Harn Blvd. Clearwater, FL33764- Enter dollar amounts for distributions shown above on lines.15 through 18 on Rev 1500 cover sheet, as appropriate. II. NON-TAXABLE DISTRIBUTIONS: A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS N07TAKEN B.CHARITABLE AND GOVERN MENTAL.DISTRIBUTIONS TOTAL OF PART 11-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET 0.00 REV-1513 EX,(S-001 SCtHEEDULE J COMMONWEALTH OF PENNSYLVANIA - BENEFICIARIES continued INHERITANCE TAX RETURN G RESIDENT DECEDENT ESTATE OF Liebrum, Glenda S FILE NUMBER 21 - 12 -00428 RELATIONSHIP TO SHARE OF ESTATE. AMOUNT OF ESTATE NUMBER NAME AND ADDRESS OF PERSON(S) DECEDENT (Words) ($$$) RECEIVING PROPERTY 00 Not Lust Trustee(sl I TAXABLE DISTRIBUTIONS(include outright spousal distributions, and transfers under Sec.9116(a)(1.2)]' - 4 Denver Liebrum Grandson 5 Percent 2070 S. Druid Circle Clearwater, FL 33764 5 Austin Liebrum Grandson 5 Percent 130 Schreck Alley Lemont, PA 16853 6 Connor Liebrum Grandson 5 Percent 130 Schreck Alley Lemont, PA 16853 7 Page 2 of Schedule J Cebu: M Welter T{er ,;, , Automatic Automatic Online Online or a.rd Withdrawal Deposit, pay Bill Pay FYI PhoneTransi .SSR OR CIDER,�®RI- WE�11 FEE 60) 1 gqo - T rM a!' 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