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HomeMy WebLinkAbout10-17-13 J REV-1500 Ex(02-11) Ii7 1505610143 �Y OFFICIAL USE ONLY PA Department of Revenue Pennsylvania county Code Year File Number Bureau of Individual Taxes °e..r as s.eT ' PO BOX.280601 INHERITANCE TAX RETURN 21 11 0655 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 05 30 2011 09 26 1918 Decedent's Last Name Suffix Decedent's First Name MI MORRIS FLORENCE A (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 Interest Compromise 5. Federal Estate Tax Return Required (date of death after 12-12-82) g Decedent Py Testate 7 Decedent tt hO y of T ust a Living Trust 8. Total Number of Safe Deposit Boxes (Attach-Died Wilt PY 1 ❑ 9. Litigation Proceeds Received 10.bgnveeni231 qr and itfDateeSj fDeath 11.Election to tax under Sec.9113(A) (Attach Schedule O) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number JAMES D BOGAR (717) 737 8761 RE6JSO R OF WILLS U!M ONLY ;J r n IT, _ J First Line of Address M "a L�+ ONE WEST MAIN STREET !— _j Second Line of Address " ' 7 — - n ;n DATE FILED c r-' rn City or Post Office State ZIP Code tia U) Q SHIREMANSTOWN PA 17011 Correspondent's e-mail address: jbogar @bogarlaw.com Under al s of perjury,I declare that I have examined this return,inducing accompanying schedules and statements,and to the best of my knowledge and belief, it is t ,co ct and complete.Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. - 51 1 T F PE SON RESPON@IBLE FOR FILING RETURN D6111E Robert A. Morris O �3 A RESS 6352 owderhorn Road Mechanicsburg, PA 17050 SIG UR OF PREP R OTHER THAN REPRESENTATIVE DATE James D. Bogar to Il ADDRESS One West Main St , Shiremanstown, PA 17011 Side 1 L 1505610143 1505610143 J J 1505610243 REV-1500 EX Decedent's Social Security Number Decedent's Name: Morris, Florence A. 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. 25 , 838 . 00 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested............ 6. 7. Inter-Vivos Transfers&Miscellaneous t�oq Probate Property - (Schedule G) u Separate Billing Requested............ 7, 8. Total Gross Assets (total Lines 1 through 7)........................................................ 8. 25, 838 . 00 9. Funeral Expenses and Administrative Costs(Schedule H).................................... 9. 14, 471 . 51 10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule 1).................:.......... 10. 11. Total Deductions(total Lines 9 and 10)................................................................ 11. 14, 471 . 51 12. Net Value of Estate(Line 8 minus Line 11).......................................................... 12. 11,366 . 49 13. Charitable and Governmental Bequests/Sec 9113 Trusts forwhich an election to tax has not been made(Schedule J)............................................... 13. 14, Net Value Subject to Tax(Line 12 minus Line 13)............................................... 14. 11 , 366. 49 TAX COMPUTATION-SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate,or transfers under Sec.9116 15 0 . 00 (a)(1.2)X .00 16. Amount of Line 14 taxable 11 366 . 49 16. 511 . 49 at lineal rate X .045 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. 511 . 49 .................................................. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. El Side 2 L 1505610243 1505610243 REV-1500 EX Page 3 File Number 21-11-0655 Decedent's Complete Address: DECEDENT'S NAME Morris, Florence A. STREETADDRESS 231 E. Main Street CITY STATE ZIP Shiremanstown PA 17011 Tax Payments and Credits: 1. Tax Due(Page 2, Line 19) (1) 511.49 2. Credits/Payments A. Prior Payments B. Discount Total Credits(A +B) (2) 3. Interest (3) 25.17 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) 536.66 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;......................................................................*...... x b. retain the right to designate who shall use the property transferred or its income;........................ ....... c. retain a reversionary interest:or............................................................................................................... x d. receive the promise for life of either payments,benefits or rare?............................................................ z 2. If death occurred after Dec. 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)(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)(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 EXi(11-10) _ SCHEDULE E pennsylvania CASH, BANK DEPOSITS, & MISC. DEPARTMENT OF REVENUE INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Morris, Florence A. 21-11-0655 Include the proceeds of litigation and Me date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 U.S.Treasury-Refund of 2011 Personal Income Taxes 25.838.00 TOTAL(Also enter on Line 5, Recapitulation) 25,838.00 (If more space is needed,additional pages of the same size) Copyright(c)2010 form software only The Lackner Group,Inc. Fonn PA-1500 Schedule E(Rev. 11-10) REV-1511 EX♦)10-09) pennsylvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHRITANCE TAX R SID NT DECEDENT URN ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Morris, Florence A. 21-11-0655 Decedent's debts must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER A. FUNERAL EXPENSES: S. - ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions - Name of Personal Representative(s) Street Address City State Zio Year(s)Commission Paid 2. Attorney's Fees Bogar& Hipp Law Offices 3,500.00 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 5. Accountant's Fees 10,971.51 6. Tax Return Preparer's Fees 7. Other Administrative Costs TOTAL(Also enter on line 9, Recapitulation) 14,471.51 Copyright(c)2009 form software only The Lackner Group,Inc. Form PA-1500 Schedule H(Rev. 10-09) SCHEDULE J BENEFICIARIES (Part I, Taxable Distributions) ESTATE OF: Florence A.Morris 05/3012419 172-01-7110 Item Name and Address of Person(s) Share of Estate Amount of Estate Number Receiving Property Relationship (words) ($$$) 1 Virginia K.Brenneman Daughter One-fourth of rest, 5 Leisure Lane residue and remainder Blain, PA 17006 2 Alan D. Morris Son One-fourth of rest, 378 Ogechee Drive residue and remainder Richmond Hill,GA 31324 3 Paul A. Morris Son One-fourth of rest, 1848 Chasewood Park Drive residue and remainder Marietta,GA 30066 4 Robert A. Morris Son One-fourth of rest, 6352 Powderhom Road residue and remainder Mechanicsburg,PA 17050 1 LAST WILL AND TESTAMENT OF FLORENCE A. MORRIS I, FLORENCE A. MORRIS, of Mechanicsburg, Cumberland County, Pennsylvania, make, publish and declare this as and for my Last Will and Testament, hereby revoking all other Wills and Codicils heretofore made by me. FIRST: I devise and bequeath all the rest, residue and remainder of my estate of whatever nature and wherever situate, including any property over which I hold power of appointment and together with any insurance policies thereon, in equal shares, to my children, ROBERT A. MORRIS, VIRGINIA K. BRENNEMAN, ALAN D. MORRIS, and PAUL A. MORRIS, provided that should any of my children predecease me, I give and bequeath such child' s share unto his or her issue per stirpes. by representation and if there be a failure of same, I give and bequeath such deceased child' s share, in equal shares, to my surviving children as provided herein. SECOND: Should any of my grandchildren not have attained the age of twenty-three (23) years at the time for dis- tribution to him or her, I give, devise and bequeath the share of each such grandchild to my hereinafter named Trustee or 'Trustees, IN SEPARATE TRUSTS, to hold, manage, invest and reinvest the shares so received, and to use and apply from time to time such portion of income and principal for the said grandchild' s education (including college, trade school or other similar training or education) , as my Trustee or Trustees , in their sole discretion, deem advisable. The Trustee or Trustees, in exercising their discretionary authority with respect to the payment of income or principal of the within Trust to my grand- children, shall take into consideration any income or other resources available to my grandchildren from sources outside this Trust . Any income or principal not so applied shall be dis- tributed to each grandchild when he or she attains the age of twenty-three (23) years . In the event any of my grandchildren die prior to the termination of this Trust established herein for their benefit, the interest of said grandchild in said Trust shall cease with any income and principal being divided evenly between or among that deceased grandchild' s brothers or sisters or the separate Trusts established hereunder for their benefit and, in the absence of any brothers or sisters, or any Trusts established hereunder for their benefit, to my other grandchil- dren, or the Trusts established hereunder for their benefit, in equal shares . THIRD: In addition to all powers granted to them by law and by other provisions of this Will, I give the fiduciaries acting hereunder the following powers, applicable to all proper- ty, exercisable without court approval and effective. until actual distribution of all property: (A) To sell at public or private sale, 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 (including credit, with or without security) or conditions as are deemed proper . This includes the power to give legally sufficient instruments for transfer of the property and to receive the proceeds of any disposition of it . (B) To partition, subdivide, or improve real estate and to enter into agreements concerning the partition, subdivi- sion, improvement, zoning or management of real estate and to impose or extinguish restrictions on real estate . (C) To compromise any claim or controversy and to abandon any property which is of little or no value. 2 (D) To invest in all forms of property, including stocks, common trust funds and mortgage investment funds, without restriction to investments authorized for Pennsylvania fiduci- aries, as are deemed proper, without regard to any principle of diversification, risk or productivity. (E) To exercise any option, right or privilege granted in insurance policies or in other investments . (F) To exercise any election or privilege given by the Federal and other tax laws , including, but not necessarily being limited to, personal income, gift and estate or inheritance tax laws . (G) To make distributions to my herein named benefici-. aries in cash or in kind or partly in each. (H) To borrow money from themselves or others in order to pay debts, taxes , or estate or trust administration expenses, to protect or improve any property held under my will, and for investment purposes . (I) To select a mode of payment under any qualified retirement plan (pension plan, profit sharing plan, employee stock ownership plan, or any other type of qualified plan) to the extent the plan or the law permits them to do so, and to exercise any other rights, which they may have under the plan, in whatever manner they consider advisable. (J) In dealing with any proprietorship, partnership interest, stock of any solely owned or closely held corporation, or any other business or professional interest included in my estate or any trust under my will (all of which are referred to as " the business" in the following subparagraphs) , and without regard to any rule respecting conflict of interest, the fiduci- aries acting hereunder are authorized to: 3 (1) Retain all or any part of the business as long as they consider advisable, regardless of any principle of law concerning investment diversification; (2 ) Sell all or any part of the business when- ever, for whatever price, on whatever terms and conditions, and to whatever organizations , entities, or individuals, including fiduciaries under my will, they consider advisable; (3 ) Do anything they consider advisable with respect to operating or liquidating the business or with respect to any change in the purpose, form, or organization of the business; (4) Participate directly in the management of the business, or render professional services to it, and receive reasonable compensation from the business; (5) Delegate authority to any shareholder, director, manager, agent, partner, or employee , and approve payment of reasonable compensation from the business ; (6) Consent for the business to be taxed in accordance with the provisions of Subchapter S of the Internal Revenue Code; (7) Borrow money from the banking department of any bank executor or bank trustee that may serve under my will; and (8) Make additional investments .in or make advances to the business if that action appears to be in the best interests of my estate or any trust under my will and the benefi- ciaries of my estate or the trust . FOURTH: I nominate and appoint my son, ROBERT A. MORRIS, as Trustee of the hereinabove described trusts. In the event of the death, resignation or inability to serve for any reason whatsoever of the said ROBERT A. MORRIS , I nominate and appoint my daughter, VIRGINIA K. BRENNEMAN, as Trustee of the 4 hereinabove described trusts . I direct that my Trustee or Trustees shall serve without bond and shall receive fair and reasonable compensation. FIFTH: I direct that all inheritance, estate, transfer, succession and death taxes, of any kind whatsoever, which may be payable by reason of my death, whether or not with respect to property passing under this Will, shall be paid out of the principal of my residuary estate. SIXTH: All interests hereunder, whether principal or income, which are undistributed and in the possession of the fiduciaries acting hereunder, even though vested or distribut- able, shall not be subject to attachment, execution or sequestra- tion for any debt, contract, obligation or liability of any beneficiary, and furthermore, shall not be subject to pledge, assignment, conveyance or anticipation. SEVENTH: I nominate and appoint my son, ROBERT A. MORRIS, Executor of this, my Last will and Testament. In the event of the death, resignation or inability to serve for any reason whatsoever of the said ROBERT A. MORRIS, I nominate and appoint daughter, VIRGINIA K. BRENNEMAN, Executrix of this, my Last Will and Testament . I direct that my Executor or Executrix, Trustee or Trustees, as the case may be, and their successors, shall not be required to post security or a bond for the performance of their duties in any jurisdiction. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this, my Last Will and Testament, this P7 day of 2010 . I L--r , ( SEAL) FLORENCE A. MORRI 5 Signed, sealed, published and declared by the above- named Testatrix as and for her Last Will and Testament in our presence, who, at her request, in her presence and in the presence of each other, have hereunto subscribed our names as attesting witnesses . Address Address 6