HomeMy WebLinkAbout11-08-13 • I
REV-1500 EX(01-10) 1505610143 is OFFICIAL USE ONLY
PA Department of Revenue Pennsylvania vania CO."Code
Year Foe ramxr
Bureau of Individual Taxes rcmnTMCx*a,ncw,ar
PO BOx.280801 INHERITANCE TAX RETURN 21 13 00220
Harrisburg,PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
02 13 2013 11 18 1947
Decedent's Last Name Suffix Decedent's First Name MI
LUMBY BARBARA E
(If Applicable)Enter Surviving Spouse's Information Below
Spouse's Last Name - Suffix Spouse's First Name MI
LUMBY LUKE
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
® 1. Original Rehan ❑ 2. Supplemental Return ❑ 3.Remainder Return(date of death
prior to 12-13-82)
❑ 4. Unified Estate ❑ 4a.F��1 a� 1pa^PZO 2s ❑ 5. Federal Estate Tax Return Required offer
® 8 Deceamt Died iodate ❑ 7 Decexm Makdained a LW V Thus 8. Total Number of Safe Deposit Boxes
(Aram Copy of WA) (Attach Copy of Thad)
❑ 9. Litigation Proceeds Received ❑ 10.�1E°I Dmdtt;xte axon 11,Electicn to tax under Sec.9113(A)
pBhvnt'en 1231 1 entl -1-95) ❑ (Adam Sch.O)
CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TMCW—QoRMATIONMOULQ*E ECTED TO:
Name Day lg�plephorwrlhrmbrg n
RICHARD E CONNELL ESQ 7]tfT y��p2 3:y :
zi n r � -•I a
G187EF WILLS U5:4 6dLY
CT C o
First line of address OC-� Q
2303 MARKET STREET y rn
2+ rV to 0
Second line of address O -n
City or Poet Office State 21P Code DATE FILED
CAMP BILL PA 17011
Correspondent's e-mail address: connell @bmc-law.net
UMer penalties of perjury,I declare mat I have examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief,
it is bue,correct and complebe.Detlara of preparer other than the personal representative is based on all infomhation Of which preparer has any knowledge.
NATURE OF PERSON RES BLE F F adO RETU N pp
(2 RicheleA.Durbin �Q ��
ADDRESS
1 n Lane, a 17055
SI TURE OF REPARERO R RE SENTATIV DATE
Richard E Connell Esq //z to
ADDRESS f
2303 Market Street,Camp Hill,PA 17011
Side 1
L 1505610143 1505610143
ADDITIONAL.personal Representatives
Lumby, Barbara E. 211312013
Under penalties of perjury, the undersigned declare that they have examined this return,
including accompanying schedules and statements, and to the best of their knowledge and
belief, it is true, correct and complete.
2 Signatures
Name Toinette Shea 4r
Address 105 East Elmwood Avenue
City,state,zip Mechanicsburg PA 17055
Date
3 Signature
Name
Address
City,State,ZIP
Date
4 Signature
Name
Address:
City,auto.zip
onto
5 Signature
Name
Address:
City,state,Zip
Date
6 Signature
Name
Address:
City,state,Zip
Date
1505610243
REV-1500 EX
RECAPITULATION
1. Real Estate(Schedule A).......................................................................................... 1.
2. Stocks and Bonds(Schedule B)............................................................................... 2. 33 , 823 . 55
3. Closely Hell 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. 27 , 855 . 84
6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested............. 6. 0 . 00
7. Inter-V vos Transfers&Miscellaneous Non-Probate Property
(Schedule G) ❑ Separate Billing Requested............. 7. 199 , 5 2 8 . 32
8. Total Gross Assets(total Lines 1-7)....................................................................... 8. 261 , 207 . 71
9. Funeral Expenses&Administrative Costs(Schedule H)......................................... 9. 6 , 749 . 44
10. Debts of Decedent,Mortgage Liabilities,&Liens(Schedule 1)................................ 10. 3 , 265 . 65
11. Total Deductions(total Lines 9&10)..................................................................... 11. 10 , 015 . 09
12. Net Value of Estate(Line 8 minus Line 11)............................................................. 12. 251 , 19 2 . 62
13. Charitable and Governmental BequestslSec 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. 251 , 192 . 6 2
TAX COMPUTATION-SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Une 14 taxable
at the spousal tax rate,or
transfers under Sec.9116
(a)(1.2)X.00 25 , 027 . 00 15. 0 . 00
16. Amount of Line 14 taxable
at lineal rate X .045 226 , 165 . 62 16. 10 , 177 . 45
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. 10 , 177 . 45
20. FILL IN THE OVAL IF YOU ARE REQUESTNG A REFUND OF AN OVERPAYMENT. FRI
Side 2
L 1505610243 1505610243
REV-1500 EX Page 3 File Number 21 - 13 - 00220
Decedent's Complete Address:
DECEDENT'S NAME
Lumby, Barbara E.
STREET ADDRESS
908 South York Street
CITY STATE ZIP
Mechanicsburg PA 17055
Tax Payments and Credits:
1. Tax Due(Page 2,Line 19) (1) 10,177.45
2. Credit Payments
A. Prior Payments 10,900.00
B. Discount 508.87
Total Credits(A +B) (2) 11,408.87
3. Interest
(3) 0.00
4. If Line 2 is greater than Line 1+Line 3,enter the difference. This is the OVERPAYMENT. (4) 1,231.42
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)
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;.................. I I
c. retain a reversionary interest:or.................................................................................................................. u��li 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 considerat ion?....................................................................................................................... ❑ ❑
3. Did decedent own an 9n trust for' or payable upon death bank account or security at his or her death?......... ❑ 0
4. Did decedent own an individual Retirement Account,annuity,or other non-probate property which
contains a berefciary designation?..................................................................................................................... F F-1
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.§9196(a)(1.1)(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)(ii)]. The statute does not exemGt a transfer to a surviving spouse from tax,and the statutory requirements for disclosure of
assets and filing a tax re um are still applicable even t 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 172 P.S.669116(a)(1.3). A
sibling is defined under Section 9102,as an individual who has at Last one parent in common with the decedent,wfiether f y bu)or adoption.
SCHEDULE B
STOCKS & BONDS
' REemEM OECEOENf
ESTATE OF Lumby, Barbara E. FILE NUMBER
21 - 13-00220
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM DESCRIPTION VALUE AT DATE OF
NUMBER UNIT VALUE
DEATH
1 LaPorte Asset Management(see attachment) 33,823.55
TOTAL(Also enter on line 2,Recapitulation) 33 823.55
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
�TMOFPENeLVAN" PERSONAL PROPERTY
FILE NUMBER
ESTATE OF Lumby, Barbara E. 21 -13-00220
Include the��p a of litigation and the date the proceeds were received by the estate.All property Jointly-owned with the right of
survlvorsh pI must be disclosed on schedule F.
ITEM DESCRIPTION VALUE AT DATE OF
NUMBER DEATH
1 2009 Audi VIN WAUGF78K79A182389;A-4 Hatchback;Excellent condition;Mileage: 32,340 25,027.00
2 Citizens Bank Checking#5100891410 2,828.84
Solely awned.
I
TOTAL(Atao enter on Line fi.Recapitsdation) 27.855 84
SCHEDULE G
COMMONWEALTH OF PENNSYLVANIA
INNERfrANOETAXRENRN INTER-VIVOS TRANSFERS &
RE90ElROEG®FNr MISC. NON-PROBATE PROPERTY
ESTATE OF Lumby,Barbara E. FILE NUMBER
21 -13-00220
This schedule must be completed and filed N the answer to any of questions 1 through 4 on page 2 is yes.
DESCR[PnON OF ITEM �dK yaaeraree,qe;r�o6v�sh;PftdecednA VALUE �s °�US`ON TAXABLE VALUE
NUMBER a„d d,e daft of0 nsler. Afteh a copy ada deed for=I es INTEREST (IF APPIC'wl�
1 LaPorte Asset Management IRA(see attachment) 199.528.32 199.528.32
TOTAL(Also enter on line 7,Recapitulation) 199,528.32
SdHEDLLE H
FUNERALEXPENSES&
carno,m'Ertm araexianvwr Ap4NS7RM71VECOSTS
NfA1rANCE TAi nE'IIIM!
aEemrt OCC®H+r
FILE NUMBER
ESTATE OF Lumby, Barbara E. 21 -13-00220
Debts of decedent must be reported on Schedule 1.
ITEM
NUMBER FUNERAL EXPENSES: DESCRIPTION AMOUNT
A. 1 Choirs 1,200.00
2 Flowers 1,800.00
3 Reception 1,000.00
4 Photos, DVD, Frames 850.00
5 Cemetery Plaque 321.00
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative(s)
Street Address
City State Zip
Years)Commission paid
2. Attorneys Fees Ball,Murren&Connell 1,200.00
3. Famlly Exemption: (If decedent's address is not the same as daimanrs,attach explanation) .
Claimant
Street Address
city state zip
Relationship of Claimant to Decedent
4. Probate Fees Cumberland County Register of Wills 357.00
S. Accountant's Fees
6. Tax Return Preparees Fees
7. Other Administrative Costs
1 Ball, Murren&Connell-costs advanced 21.44
I�
TOTAL(Also enter on line 9,Recapitulation) 6,749A4
I
i 3J�a3?;taz �,
30APTRO'.9 J14303330 10 ZTE30 u%
I 2�3:J 4 ,831TUMAIJ
i
OSS7o• &r - rii si^3hs8 ,ydMUJ -4O3TAT03
zwnogxo Fa_b-m b�:r Wsr u gr:tx0n, ,rncsb to slob SM M blgmt bsn wn,^fe:8 rucob of iom Sn^.bw,-n bm y nnioN m b hopA
TNUOUTA NOr 141A.X30 MdTI
A38 t JM
tnro tib313 M d3j3 r
Mr Lux xxx rxxx vd(nuN/nuomA
1
!noNeyligzo*R,Ot enlJ nn tat:»ovIA)JATOT
REV-1616 IX�af-0B) '
SCHEDULEJ
C MONWEALT O KNN LVANU BENEFICIARIES
MNERRANCE TAX RETURN
ResiD DEceuim
ESTATE OF RLE NUMBER
tumby,Barbara E.
21 -13-00220
RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE
NUMBER NAME AND ADDRESS OF PERSONS) DECEDENT (Words) (#�}
RECEMNG PROPERTY os NOf Trsseegs)
]<� TAXABLE DISTRIBUTIONS(include outright
s trl
S eeds1 }
1 r � 16(a)(1.2
1 Luke Lumby Husband 25,027.00
908 South York Street Value of car
Mechanicsburg,PA 17055 transferred to
husband.
2 Tolnette M.Shearer Daughter One-half of
105 East Elmwood Avenue remainder
Mechanicsburg,PA 17055
3 R}chele A.Durbin Daughter One-half of
12 Emlyn Lane remainder
Mechanicsburg,PA 17055
Enter doder amounts for thstributionsshmm above on Ones 15 Ruogh 18 on Rev 15013 Cover sheet,as appropriate.
II. 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 9-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEE 0.00
A S S E T M A N A G E M E N T L L C
March 27,2013
Richard E. Connell
2303 Market Street
Camp Hill, PA 17011
RE: Estate of Barbara E. Lumby
Rich,
This letter is in response to your inquiry as to the accounts Barbara Lumby held with our office and the
details of those accounts. Below I have answered your questions in bullet point form according to your
original request.
1. The registered owner on her accounts was only Barbara E. Lumby. She did not own part of a
joint account at the time of her death.
2. Her IRA account was established on 11/27/2006. Her individual account was established on
9/18/2007.
3. There was never a change of ownership on either of these accounts.
4. The accounts did not return an interest rate,rather they were comprised of securities yielding
dividends,capital gains and an interest rate return on the bonds she owned.
S- The date of death balance in her IRA account was$199,528.32.The closing value of her
individual account was$33,823.55,
6. The IRA account held in her name had 2 beneficiaries listed. Each was entitled to 50%of the
assets at the time of her death.These were Toinette M Shearer and Richele Durbin.
if you have any further questions please let me know.
Thank You,
Black
525 N. 12th St., Suite 201 • Lemoyne, PA 17043
Tel 717-730-9631 • Toll-free 866-730-9630 • Fax 717-730-9635 • www.loporteam.com
investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN).
LaPorte Asset Management, LLC is a separate entity from WFAFN.