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HomeMy WebLinkAbout11-20-13 REV-1500 Ex 101-10' 1505610140 OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes INHERITANCE TAX RETURN County Code Year File Number PO BOX 280601 2 1 1 3 0 4 7 7 Hardsbum,PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 0 3 2 9 2 0 1 3 1 2 2 2 1 9 3 6 Decedent's Last Name Suffix Decedent's First Name MI B a s o m Richard L (If Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI N / A Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW Q 1.Original Return E] 2.Supplemental Retum 3.Remainder Return(date of death prior to 12-13-82) 4.Limited Estate 4a.Future Interest Compromise(date of 5.Federal Estate Tax Retum Required death after 12-12-62) ® 6.Decedent Died Testate 7.Decedent Maintained a Living Trust 0 8.Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 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 Sch.O) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime0blephone Nunej- �0 M Scot t W . M o r r i son , E s q 7137 82=:2 ;0 co REWSO QF WILI11111,9SE e r I :Z M CD 0 7C Ca First line of address 6 Wes t Mai n St r e e t `- Second line of address - ► Cn 4C) P O . B o x 2 3 2 City or Post Office State ZIP Code DATE FILED New BI oomfi el d PA 17068 Correspondent`s e-mail address: smorrisonlawftentuNink.net 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 arty knowledge. SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN ' � � DATE ADDRESS 2055 State Route 973W Cogan Station PA 17728 SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE D E - ADDRESS 6 West Main Street New Bloomfield PA 17068 PLEASE USE ORIGINAL FORM ONLY Side 1 1505610140 1505610140 1505610240 REV-1500 EX Decedents Social Security Number Decedent's Name: Richard L. Basom 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 and Notes Receivable(Schedule D) .................. ........ 4. • 5. Cash,Bank Deposits and Miscellaneous Personal Property(Schedule E). ...... 5. 2 7 9 3 7. 6 7 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested ....... S. 8 5 8. 8 5 7. Inter-Vivos Transfers&Miscellaneous N�Probate Property (Schedule G) Separate Billing Requested ....... 7. • 8. Total Gross Assets(total Lines 1 through 7) ........................... 8. 2 8 7 9 6 . 5 2 9. Funeral Expenses and Administrative Costs(Schedule H) ....... ....... .... 9. 1 1 5 2 8. 3 5 10. Debts of Decedent,Mortgage Liabilities,and Liens(Schedule 1) ........... .. 10. 1 8 0 8 7. 0 1 11. Total Deductions(total Lines 9 and 10) .............. ........... ..... . 11. 2 9 6 1 5 . 3 6 12. Net Value of Estate(Line 8 minus Line 11) ............ ........ .... .... 12. - 8 1 8. 8 4 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. - 8 1 8. 8 4 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_ 15. 16. Amount of Line 14 taxable at lineal rate X•0„_ 16. 17. Amount of Line 14 taxable at sibling rate X.12 • 17. 18. Amount of Line 14 taxable at collateral rate X.15 18. 19. TAX DUE .................... .................................. 19. 0. 0 0 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ❑ Side 2 1505610240 1505610240 J REV-1500 EX Page 3 File Number Decedent's Complete Address: 21 13 0477 DECEDENTS NAME Richard L. Basom STREET ADDRESS 1733 McClures Gap Road CITY STATE ZIP Carlisle I PA 117015 Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) 0.00 2, Credits/Payments A.Prior Payments S.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 oval 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) 0.00 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 b. retain the right to designate who shall use the property transferred or its Income; ............................... ❑ c. retain a reversionary Interest;or ................................................................................................ El d. receive the promise for life of either payments,benefits or care? ....................................................... ❑ EXI 2. If death occurred after December 12,1982,did decedent transfer property within one year of death without receiving adequate consideration? ....................................................................................... ❑ 0 3. Did decedent own an'in trust foe or payable-upon-death bank account 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?.................................................................................................. ❑ 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)(n)].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(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 by blood or adoption. REV-1508 EX+(6.88) SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC. IN RESID ENE E TAX EDENTRN PERSONAL PROPERTY ESTATE OF FILE NUMBER Richard L. Basom 21 13 0477 Include the roceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with right of survivorship must be discioaed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Ameriprise checking account 2,862.67 2. Income tax refund 1,075.00 3. Sate of Volkswagen Passat 24,000.00 TOTAL(Also enter on line 5,Recapitulations S 27 937.67 (If more space is needed,insert additional sheets of the same size) REV-1509 EX+(01-10) pennsylvania SCHEDULE F DEPARTMENT OF REVENUE JOINTLY-OWNED PROPERTY ' INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Richard L. Basom 21 13 0477 If an asset was made jointly owned within one year of the decedent's date of death,It must be reported on Schedule G. SURVIVING JOINT TENANT(S)NAME(S) ADDRESS RELATIONSHIP TO DECEDENT A.Robert L. Basom 2055 State Route 973W son Cogan Station, PA 17728 B. C. JOINTLY-OWNED PROPERTY: LETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR DATE OF DEATH DECEDENTS VALUE OF NUMBER TENANT JOINT IDENTIFYING NUMBER ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. VALUE OF ASSET INTEREST DECEDENTS INTEREST 1. A. Ameriprise savings account 1,717.69 50. 858.85 i a i TOTAL(Also enter on Line 6,Recapltulatlon) $ 858.85 9 more space is needed,use additional sheets of paper of the ON s(ze. REV-1511 EX+(10-09) pennsyfvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND KSID NTDE EOEW URN ADMINISTRATIVE COSTS RESIDENT DECEDFJJT ESTATE OF FILE NUMBER Richard L. Basom 21 13 0477 Decedents debts must be reported on Schedule L ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Musselman Funeral Home 8,848.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commisslons: Name(s)of Personal Representatives) Robet L. Basom 1,439.83 StreetAddrass 2055 State Route 973W city Conan Station state PA Zip 17728 Years)Commission Paid: 2. Attorney Fees: Scott W. Morrison 750.00 3, Family Exemption:(If decedents address is not the seme as claimants,attach explanation.) Claknant Street Address Clly State ZIP Relationship of Clalmant to Decedent 4. Probate Fees: Glenda Farrier Strasbaugh 183.50 5 Accountant Fees: 6. Tax Return Prepansr Fees: 7. The Sentinel-estate advertising 232.02 8. Cumberland Law Journal-estate advertising 75.00 TOTAL(Also enter on Line 9,Recapitulation) ; 11 528.35 If more space Is needed,use additional sheets of paper of the same size. REV-1592 EX+(12-08) pennsylvania SCHEDULE I DEPARTMENT OF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES,&LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER Richard L. Basom 21 13 0477 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. Payoff Line of Credit 322.50 2. Volkswagen credit-payoff loan 17,389.88 3. State Farm-insurance 320.63 4. Holy Spirit Hospital-medical account 54.00 i i 1 i I 1 TOTAL(Also enter on Line 10,Recapitulation) i 18,087.01 If mom space Is needed,insert addillonal sheets of the same size. N LAST WILL ANC TESTAMENT u•. OF RICHARD L, BASOM / N4! RICHARD L. BASOM, of Camp Hill Cumberland County, Pennsylvania, being .: of sound and disposing mind, memory and ur derstanding, do hereby make, publish and h. k; declare this as and for my Last Will and Tesl?ment, hereby revoking all other Wills and Codicils heretofore made by me. FIRST u I direct the payment of my just debts e nd expenses of my last illness and funeral t a from my estate as soon after my death as r,onveniently may be done. If there be no e. - cemetery lot available for my interment m rued by me at the time of my death, I authorize my personal representative to purchase such cemetery lot with a contract for r, { perpetual care, using therefor funds from my ?state in such amount as he shall consider ` necessary and desirable, and I authorize my personal representative to cause title to or ti•: ownership of such lot so purchased to be vested in such person as my personal representative shall designate, ' Further, I authorize my personal reprs sentative to expend funds from my estate, h in such amount as my personal representati m shall consider necessary and desirable for the purchase, erection and inscription of a suitable marker for my grave. SAID'IS SECOND SHIM, FLOWER & LINDSAY A7TORNEY&AT-LAW I give, devise and bequeath all the re st, residue and remainder of my estate to 2109 Market Street Camp Rift, PA my son, ROBERT L. BASOM, IN TRUST, N -VERTHELESS, upon the following terms and conditions: } c:. A. The purpose of this trust is to a ssist with the Costs of my grandchildren's P education; V B. My Trustee shall invest the fund s comprising this trust in an ordinary bank savings account or certificate(s) of deposit, sc that the funds will be readily available as needed, because it is not my intention that the funds be invested for income or growth; C. My Trustee shall apply, from tin, e to time, so much of the income and/or principal of this trust as he shall deem approl mate, in his sole and absolute discretion, for the education of my grandchildren, whetho, r to pay for college, trade or professional school or any associated expenses, including i books, room and board, miscellaneous fees, etc.: D. The payments to be made from this trust need not be equal in amount, and my Trustee may pay more for the benefit. of one or more of my said grandchildren than for another or others, in his sole and absc lute discretion; E. My Trustee's decisions with rest iect to applying the funds hereunder for my grandchildren's education shall not be rev ewable by any court, and no beneficiary shall have the right to compel payment from this trust, and my Trustee shall not be required to account to any court or other-tribuni il for his administration of this trust; F. My Trustee shall have the power :o terminate this trust simply by spending the last dollar for the education of my grandi:hildren, or any of them, without further SAIDIS HUFF, MOWER formalities, and he shall be answerable to nc one for the wisdom or propriety of his & LINDSAY ArrORNCV5•A*1.AW decisions, in administering this trust. 2109 Markel Sireet Camp Hill,PA qy 2 THIRD I direct that any and -all inheritance, estate, ai id transfer taxes imposed upon my estate passing under this Will or otherwise shall be paid out of the principal of my residuary estate. FOURTH In addition to the powers confers;d by law, I authorize any personal representative acting under this instrument, in his absolute discretion: A. To retain in the form receive i, or to sell either at public or private sale any real or personal property; B. To Exercise any options tC subscribe for stocks, bonds, or other tea' investments; C. To join in any plan of le[se, mortgage, consolidation, exchange, reorganization or foreclosure of any cc rporation in which my estate or any trust may hold stocks, bonds or other securit es; D. To sell, transfer, convey, m)rtgage, pledge, lease or exchange any property, real or personal, which at an,, time may form part of my estate, for the payment of debts or taxes, or for any pi Irpose of administration or distribution, for such prices and upon such terms as my personal representative, in his sole SAIDIS discretion, may deem wise, and to exe%ute and deliver deeds of conveyance or HUFF, FLOWER & LINDSAY transfer thereof; A7TORN US•AT•LA W 2109 Markel Streei E. To make settlements and cor 1promises on such terms as my personal Camp Hill,PA representative in his sole discretion in lay deem wise without the necessity of obtaining any court approval thereof; 3 r:, F. To make distribution hereuno ler either in cash or kind, as my personal representative in his discretion may de)m wise. ?kr. FIFTH I do hereby nominate, constitute and aF point my son, ROBERT L. BASOM,to act as Executor of this my Last Will and Testamer t. SIXTH I direct that no personal representat ve, guardian, trustee or other fiduciary appointed under thiss instrument shall be required to give bond for the faithful performance of their duties in any jurisdiction. IN WITNESS WHEREOF, I, RICHARC L. BASOM, have hereunto set my hand and seal to this my Last Will and Testament, consisting of four (4) typewritten pages, the first three (3) of Which bear my signature in the margin for identification, this day of , 2004. RICHARD L. BASOM Signed, sealed, published and decla:-ed by the above-named RICHARD L. BASOM, Testator, as and for his Last Will ar d Testament in the presence of us, who have hereunto subscribed our names at hl s request as witnesses thereto, in the presence of said Testator and of each other. SAIDIS HUFF, FLOWER LINDSAX ►• r f � l ADDRESS 1109 Market Su'CCl /�J Camp Hill, PA i ADDRESS 4 rr COMMONWEALTH OF PENNSYLVANIA ss. COUNTY OF CUMBERLAND r/-� / - We, RICHARD L. BASOM, �aou ,�iacl and r'JVL!/ �l �!►i�rrCf' , the Testator and witnesses, respectively whose lames are signed to the foregoing or attached instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testator signed and execul ad the instrument as his Last Will and Testament and that he signed willingly and thi It he executed as his free and voluntary act for the purposes therein expressed, and the it each of the witnesses, in the presence and hearing of the Testator signed the Will a;; witnesses and that to the best of their knowledge the Testator was at the time eights yen (18) or more years of age, of sound mind and under no constraint or undue influent e. RIC. ARD L. BASOM I ne �- V ness Subscribed, sworn to and acknowledges I before me by RICHARD L. BASOM, the Testator, and ub:icribed to .and swo n or affirmed to before, me by 7. 1L.. and -witnesses, this day of 4' >? � F PENNSYLVANI Notary Public Notarial Seal Sallie Alle►louse, Notary Public Camp Hill BOro. Cumheriand County [MY Commission Ex flirt!, Mar. 29, 2008 SAIDIS HUFF, FLOWER & LINDSAY ATTgaNr)'S-AT-LA W 2100 Markel Street CemR Hill, PA 5 Pennsylvania DEPARTMENT OF PUBLIC WELFARE May 1, 2013 SCOTT W MORRISON ESQUIRE 6W MAIN ST PO BOX 232 NEW BLOOMFIELD PA 17068 Re: Richard Basom SSN: ###-##-5501 Dear Attorney Morrison: Pursuant to your letter dated April 26, 2013, the Department's, Estate Recovery Program, has reviewed the information you provided regarding the above-referenced individual. It has been determined that this individual did not receive any type of assistance during the questioned period. Therefore, according to the information you provided, the Department's Estate Recovery Program will not seek any recovery from this estate. If your client applied for Medical Assistance and had an application and/or hearing pending at the time of death, please advise us and provide any additional information that may affect a recovery by our Department. Thank you for your cooperation in this matter. If you have any questions, please contact me. Sincerely � - Y Vince A. Porter Recovery Section Manager (717)772-6604 Bureau of Program Integrity Division of Third Party Liability Recovery Section PO Box 8486 1 Harrisburg,Pennsylvania 17105-8486 r. F, EI02 � LA- C> LA- ors CD cUJar� . U LO O ul C 7 V 0 1` M a J {� � 1 � L 00 r W O:. A w w r3 N H � � 0 .O W Paz — _