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HomeMy WebLinkAbout01-28-14 (2) � � 1505610105 ,-:. REV-1500 IX�o2-ii)(FI) " PA Department of Revenue pennsylvania OFFICIAL USE ONLY Bureau of Individual Taxes °�`""`"`"T°`"`""`� C ty Code Year F�e Number INHERITANCE TAX RETURN _. _ _.... . _ PO B�X 280601 J /� D/_ O D : / Harrisburg,PA 1�12&o6oi RESIDENT DECEDENT ; �o�' (� . WWwYi YIIIWi11111111111111111Y111111111111�WIWWY........� ENTER DECEDENT INFORMATION BELOW Sodal Security Number Date of Death MMDDYYYI' Date of Birth MMDDYYYY .............................................................................................................................................. ..........................................................................................................: ................................................................................................ 04/29/2013 ' 04/18/1919 .............._............................................................_._......__...................__....: _... ._...........__:................: _...._. ........................................... ........_: DecedenYs Last Name Suffix DecedenYs First Name MI , ___..___ _ __. ___ _ __ _ __ __ _ _ _ _ .__ _ . ___ _____. :Gulden Ruth H _ _ ___ _ _ _ _ _ ___ _ _ _ _ _ _ ___ _ (If Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI _ _ ..... ._.. _ _ . _ __ __ __ . __. _ _ _ _ _ _ _ __ ___ _ ___ Spouse's Sociai Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE __ __ ____ _ _ REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW C� 1.Original Retum O 2.Suppiemental Retum p 3. Remainder Retum(Date of Death Prior to 12-13-82) O 4.Limited Estate p 4a.Future Interest Compromise(date of p 5. Federal Estate Tax Retum Required death after 12-12-82) C/� 6.Decedent Died Testate O 7.Decedent Maintained a Living Trust � 8. Totai Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust.) O 9.Litigation Proceeds Received O 10.Spousal Poverty Credit(Date of Death O 11. Election to Tax under Sec.9113(A) Between 12-31-91 and 1-1-95) (Attach Schedule O) CORRESPONDENT-THIS SECTION MU3T BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE OIRECTED T0: Name Daytime Telephone Number John C Oszustowicz (717)243-7437 ..................... ............................... .. .............. ... ._. _ __ __ ___ _ . __ _ __ _.__ . ____ _ __.... .... ...:............._......... . fr, ISTER OF WII�USE�L',�'. � 3: Q t'rM, � � c'_.. � First Line of Address t'�ri � � � '� _.__ . __ � C'� � C,/� :� _. __. ;104 S Hanover St. _ _ , �. �» r-- � —{ c� :. � r� c� r� _._ __ __. ___ _ ___, c,� �v �s +�,�r Seoond une of Address ,� � � � � ,.. ....,_�....., m......�_.�_...... .. ,_ _ �.. . `� C3 '"D '"'�1 "'�,! � ; � . .... � 4 -� � .... ..._..._. � � DATE D � � '' City or Post Office State ZIP Code � ..... .......... ....... ..... � _ _ _ _ __ _. 'Carlisle _ _ '; PA 't7013 � _ � � � _ . _..... .. ___ _ _ __...�'� �,. __ _ __. . r�. CorrespondeM's e-mail addreas:johno a�carlislepalaw.com ' �; Under of pery'ury,I dedare 1 have examined this retum,induding aa��npanying schedules and statemants,and to the best of my kno�wladge and belief, it is true, and com ratbn preparer other than the personal representative is based on all irrfomiation of which preparer has any knowledge. SI R FO FILING RETURN TE AD E 240$Dee ' r.,Mechanicsburg, PA 17055 SIGNATURE F P E REPRESENTATIVE DATE � ZF � ADDRESS 104 S H over St.,Carlisfe, PA 17013 � PLEASE USE ORIGINAL FORM ONLY Side 1 � 1505610105 1505610105 J � 1505610205 REV 1500 EX(FI) DecedenYs Sociai Security Number oecedent's wame: RECAPITULATION _ _ __. _ ___. __.... _._._.. 1. Real Estate(Schedule Aj. ............................................ 1. 495,000.00 2. Stocks and Bonds(Scheduie B) ....................................... 2. ' 342,295.17 3. Ciosely Held Corporation,Partnership or Sole-Proprietorship(Schedule C) ..... 3. ' 4. Mortgages and Notes Receivable(Schedule D)........................... 4. 5. Cash,Bank Deposits and Misceilaneous Personal Property(Schedule E)....... 5. ' � 15,766.66 ' 6. Jantty Owned Property(Schedute F) O Separate BiHing Requested ....... 6. , 7. Inter-Viv�Transfers�Misceilaneous Non-Probate Property __ _ _ __.. _ __ _. _ (Schedule G) O Separate Billing Requested........ �. 124,769.64 ; 8. Total Gross Assets{total Lines 1 through 7)............................. 8. : 977,831.47 9. Funeral Expenses and Administrative Costs(Schedule H)................... 9. 35,080.24 ; _ . _ _ : : __ _ _... _ _.. 10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule t)............... 10. 8,387.79 11. Total Deductions(total Lines 9 and 10)................................. 11. , 43,46�.03 12. Net Value of Estate(Line 8 minus Line 11).............................. 12. 934,363.44 13. Charitabls and Govemmental Bequests/Sec 9113 Trusts for which ....... . . ..,..... .._..v._. _ ..w,__......�...M.,..._,�....w�: an elec6on to tax has not been made(Schedule J) ........................ 13. 14. Net Value Subject to Tax(Line 12 minus Line 13� ........................ 14. 934,363.44 TAX CALCULATION-SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxaale at the spousal tax rate,or , _..._..... _.._ ___.... _.. .. , trans ers under Sec.9116 ' (a)(1.2)X.0_ 15. �......... ........ ........ v......... ........�.. ...._w...�. ......... ,....._ _., w. ....w..�...__�.�.___...,. _... .M.....ww....w..� 16. Amount of Line 14 taxable ` at lineal rate X.0 45 934,363.44 ' 16. 42,04fi.35 : . _ __ __ . ._..:. .............. .: 17. Amount of line 14 taxabie at sibling rate X.12 17. _ _ _ __ . _.. _._.._ 18. Amount of Line 14 taxable at collateral rate X.15 18. ' 19. TAX DUE......................................................... 19. 42,046.35 ___ _ __ _ _...... ..__..... _ 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT p Side 2 � 1505610205 1505610205 � REV 1500 EX(FI) Page 3 Ffie Number Decedent's Complete Address: DECEDENTS NAME Ruth H Gulden -----------_--- _- ____-- __ _ ___------ _._---- __---�_------------_------- STREET ADQRESS 442 Walnut Bottom Road CITY STATE ZIP Carlisle PA 17013 Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) 42,046.35 2. CreditslPayments A.Prior Payments 31,000.00 • B.Discount 1,632.00 Total Credits(A+B) (2) 32,632.00 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�equest a refund. (4) 5. If Line 1+Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 9,414.35 Make check payable to: REGISTER OF WII.LS,AGENT. � a, � � � , � �, : yt ... '. . ', ,�''pi�..>,z��„..��< ...�x,."�.:.`�f"�e..,#'. .... ;. .:. '; ; � ,.':� ; . ��:: �:. . ..��" . . . . .., . .r .. . . . ':z,,a,^s,'1 s;''n;3'�,�.,.�„. .£�d.':''.'",. .,. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BI.00KS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property Uansferred.......................................................................................... ❑ � b. retain the right to designate who shall use the property transferred or its income ............................................ ❑ � c. retain a reversionary interest.............................................................................................................................. ❑ � d. receive the promise for life of either payments,benefits or care?...................................................................... ❑ � 2. If death occurred after Dec.12,1982,did decedent transfer property within one year of death without�eceiving adequate consideration?.............................................................................................................. ❑ � 3. Did decedent own an"in trust fo�'or payable-upon-death bank account or security at his or her death?.............. ❑ � 4. D�f decedent own an individual retirement account,annuity or other non-probate property,which contains a beneflciary designation? ........................................................................................................................ � ❑ IF THE ANSWER TO ANY OF THE ABOVE QU�STIONS fS YES,YOU MUST COMPLETE SCHEDUI.E G AND FILE IT AS PART OF THE RETURN, � "°: y�z�,�.���"�����x''�i�',.#�S�a�Y"�.{. ��.�£..... . . . . . . a.v..� �r,.s .�r M �'�z�y�.u,,'�)'�i�..;r ,� ��, ! . .� ' � . � -�', ....xw..,,s. .. ..._........,,.„ . ....-:< .. ... .:. . . .:. . . : . .,,.�: .�.: . . '-: . .. . .. .. ., �:,,..,...........�s,..,....���n<,....,xr..s,,..L.Y,.�.x.,.,:s...,�.c.a.�..ma�..,....;:,,... For dates of death on or after July 1,1994,and before Jan.1,1995,the tax rate imposed on the net valus of transfers to or for the use of the surviving spouse is 3 percent[72 P.S.§9116(a)(1.1)(i)J. 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)(ii)].The sta#ute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disdosure of assets and frling a tax retum 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 fQr 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 c�the net value of Vansfers to or for the use of the decedenYs lineaf benefiaaries is 4.5 percent,except as noted in(72 P.S.§9116(a)(1)j. • 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)J.A sibling is defined, under Se�ion 9102,as an individual who has at least one parent in common with the decedent,whether by blood or adoption. R�v-iso��x�{i2-�2) pennsylvaMia SCHEDULE A DEPARTMENT OF REVENUE INHERITANCE TAX RETURN REAL ESTATE RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Ruth A Gulden 21-13-0600 All rea!property owned solely or as a tenant in common must be reported at fair market value.Fair ma�ket value is defined as the price at which property would be exchanged between a wiiling buyer and a willing sel�er,neither being compelled to buy or seA,both having reasonable knowledge of the relevant facts. Real property that is jointly-owned with right of survivo�ship must be disclosed on Schedule F. Attach a copy of the settlement sheet if the property has been sold. ITEM Include a copy of the deed showing decedent's interest if owned as tenant in common. VALUE AT DATE NUMBER OF DEATH DESCRIPTION 1• =Residence 816 Holly Pike,Mt.Holly Springs,PA 320,000.00 : 2' Vacant ground(5.84 acres)on Holly Pike,Mt.Holly Springs,PA ' 175,000.00 TOTAI,(Also enter on Line 1, Recapitulation.) � 495,000.00 If more space is needed,use additional sheets of paper of the same size. REV-�5o3 IX+(&iz) pennsylvania SCNEQI�ILE B DEPARTMENT OF REVENUE iNHERITANCE TAX RETURN STOCKS & BONDS RESIDENT DECEDENT ESTATE OF FILE NUMBER Ruth H Gulden 21-13-0600 All property jointiy owned with right of survivorship must be disdosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1' 727 shares PNC Common Stock @$68.30 49,fi54.10 ' 2 2103.781 shares PPL Common Stock @$33.20 169,445.52 3 571.56 shares Coming Common Stock @$14.425 8,187.40 4 269 shares M&T Bank Common Stock @$99.965 26,890.59 ' 5 37.125 shares Brunswick Common Stock @32.44 1 204.34 ' � g Dividend on item 1 639.76 7" 'Dividend on item 4 376.60' g: 'Morgan Stanley Brokerage Account#410-893340-012 85,255.92 g Jnterest on item 8 640.94 TOTAL(Also enter on Line 2, Recapitulation) $ 342,295.17 If more space is needed,insert additional sheets of the same size REV-i5o8 EX+(o8-s2) � PennsYlvania SCHEpVLE E DEPARTMENTOFREVENUE CASH, BANK DEPOSITS &MISC. INHERITIWCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Ruth H Gulden 21-13-0600 Include the proceeds of litigation and the date the proceeds were received by the estate. All property joirrtiy owned with right of survivorship must be disclosed on Schedule F. TfEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. M&T Bank Checking Account 2676016096 10,471.39 2 interest on item 1 0.13 3 :M8�T Bank Savings Account 15004216021127 951.49 ; 4 'Interest on item 2 0.07 ' .,.. ..... . .. .. ... .. ... . ,.. .. .. . . .: .. Y 5� `Rent from Gregg Gulden 700.00 g !PA property tax rebate 375.00 7; >Overpayment refund from Thomwald Nursing Home 550.93 g. ;PA income tax refund 42.00 ' g MONY life insurance payment 2,524.30 10� �Refund from Millennium Pharmacy 151.35 TOTAL(Also enter on Line S� Recapitulation) � 15,766.66 ' � If more space is needed,use additional sheets of paper of the same size. REV-1510 EX+(08-09) pennsylvania �SCH EDU LE G DEPARTMENT OF REVENUE INTER-VIVOS TR,ANSFERS AND INHERITANCE TAX REIURN MISC. NON-PROBATE PROPERTY RESIOENT DECEDENT ESTATE OF FILE NUMBER Ruth E Gulden 21-13-0600 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page three of the REV-1500 is yes. �M DESCRIPTION OF PROPERTY DATE OF DEATH 96 OF DECD'S EXCLUSION TAXABLE INCLUDE THE NAME Of THE'TRANSfEREE.THEIR RELATI0NSNIP TO DECEOENT AND NUMBER TMe a►r�o�Ta�s�a. nrn►ai n c�r oF n�o�roa a�u EsrAr�. VALUE OF ASSET INTEREST �,�vu VALUE 1. Westem&Southem Life Annuity#W0020696233* 13,896.28 0 13,896.28 ' 2 Met-Life Annuity#A2058285` 33,653.80 0 33,653.80 3 ;Alistate Qualified Annuity#GA17246651 * 15,309.16 0' 15,309.16; 4 �Alistate Qualified Annuity#GA17661694' 8,848.64 !: 0' 8,848.64 ' 5 !Westem Nationa)Annuity#XV213773* 53,061.76, 0' S3,061J6 : ' All were transferred to sons Bany Gulden and Gregg Gulden between '812013 and 1212013 � tOTAI(Also enter on Line 7,Recapitulation) $ 124�769.64 If more space is needed,use additional sheets of paper of Ehe same size. REV-1511 EX+ (08-13) � pennsylvania SCHEDULE H DEPARTMEN70FREVENUE FUNERAL EXPENSES AND INHERITANCE TAX RETURN ADMINISTR.ATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER Ruth E Guiden 21-13-0600 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: � __ 1' Hollinger Funeral Home Mt.Hoily Spings,PA 11,939.24 2 Memorial service-food and space rental 400.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s)of Personal Representative(s) � Street Address City � State ZIP Year(s)Comrnission Paid:.^_._ 2. Attorney Fees: 19,775 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: 588.50 ' 5. Accountant Fees: 6. Tax Return Preparer Feer. _ 7� The Sentinel-legal advertising 115.20 8 Cumberland County Law Joumal-legal advertising 75.00:' ; : 9 Aero Energy 171.96 �o Met-Ed-electric_ 90.95 ' �� UPS-postage for mailing stock ce�ificates 63.89 From Schedule H Continued : 1,860.50 ' TOTAL(Also enter on Line 9, Recapitulation) � 35,080.24 If more space is needed,use additional sheets of paper af the same size. Schedule H Continued , Ruth H Guiden 21-13-0600 12 Erie Insurance- Homeowners Insurance 564.00 13 Koughs Oil Service 1140.00 14 Martson Law Office-Deed Prep 100.00 15 Orrstown Bank-Bank Fees 56.50 1860.50 . RE1h1512 EX+(]2-12) pennsylvania SCHEDULE I DEPARTMENT OF REVENUE pEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES & LIENS RESIDENT DECEOENT ' ESTATE OF FILE NUMBER Ruth H Gulden 21-13-0600 Report debts incurred by the decedent prior to death that remained unpaid at the date of death,including unreimbursed medical expenses. REM VALUE AT DATE NUMBER DESCRIPTION � OF DEATH 1� 'Aero Energy 14.33 . 2 Robert Caims,Tax Collector(Schooi Real Estate Taxes) 7,504.02 3 Thomwald Home 503.43 ' 4! :Millennium Pharmacy 214.30 � 5 Centurylink-phone service 151.71 TOTAL(Also enter on Line 10,Recapitulation) $ 8�387.79 If more space is needed,insert additional sheets of the same size. REY-1513 EX+(01-1fl) pennsylvania SCHEDULE � DEPAFiTMENT OF REVENUE INHERITANCE TAX RETURN BENEFICIARIES RESIOENT DECEDENT ESTATE OF: FILE NUMSER: Ruth H Gulden 21-13-0600 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(5)RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS[Include outright spousal distributions and transfers under Sec.9116(a)(1.2).] i• 'Barry F Gulden 2408 Deeroiew Dr.,Mechanicsburg,PA 17055 Son 714917.49 ' 2 Gregg A Gulden 816 Holly Pike,Mt.Holiy Springs,PA 17065 Son 219917.50 _ __ ____ _ __ _ __ _ ___ _ _ _ ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON UNES 15 THROUGH 18 OF REV-1500 COVER SHEEi',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: ..; , :. ___ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ __ _ _ _ _ _ _ _ _. _ _ __ __ _ TOTAL OF PART II—ENTER TOTAL N4N TAXABLE DISTRIBUTIQNS ON UNE 13 OF REN-1500 COVER SHEEl: # !, If more space is needed,use additional sheets of pape�of the same size. . Z� " � 3 ,� ��Co C,��:� S• W. Barrett Reai Estate&Appraisal Services 5�.�-1 /-� �� I File No. 13-0214 09/20/2013 John C.Oszustowicz, Esquire 104 South Hanover Street Carlisle, PA 1T013 File Number: 13-0214 In accordance with your request, i have appraised the real property at: 816 Holly Pike Mount Holly Springs, PA 17065 The purpose o#this appraisal is to develop an apinion of the defined value of the subject property,as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion, the defined value of the property as of April 29, 2013 is: � $320,000 � Three Hundred Twenty Thousand Dollars � The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs, assignment conditions and appropriate certifications. I f i � � Respectfully submitted, f ; � �, , ����� . � � , Cassandra J. Crocke PA Certified Residential Real Estate Appraiser �Z ► � �� - ��a� S. W. Barrett Real Estate&Appraisal Services ��� /� � .7 �� .�--- Fi�e No. 13-0242 09/20/209 3 John C.Oszustowicz, Esquire 104 South Ha�over Street Carlisle, PA 17013 File Number: 13-0242 In accordance with your request, I have appraised the real property at: Holiy Pike Mount Holly Springs, PA 17015 The purpose of this appraisal is to develop an opinion of the market value of the subject property,as improved. The property rights appraised are the fee simple inierest in the site.and improvements. In my opinion, the market value of the property as of April 29, 2013 is: $175,OQ0 � One Hundred Seventy-Five Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, tlescriptive photographs, limiting conditions and appropriate certifications. Respectfully submitted, ��� � � � � -�.-�.�►.� . <..�.�-r�Y � Cassandra J. Crockett PA Certlfled Residentlal Real Estate Appraiser ��. I — ��3 - c:)C�C�C:� �C.�'1 � �' � ► � � N II � O II O E• � Z i � 'i r • n o� a � ' . "' ° o u . U H � � '� 01 il � � \p � � II �+1 �Ci A � N '..� V' 1 � I � � � N ' � ; o 0 o n • E � M � N � O II (V � H � , II O� 1 � � � il � u � j O p � � II U� � � II N ♦ W � O � � � II � � V' > � M N � N II CO � I � 1 � � I I I • I � 2 M � � � r-{ � N M r-I p W E W N N U � � � � � O i Q � a ` W (Yi � Q 0 � � .1 � � � � � N � a � � � � � N � V! x ''� H � 1 HHaaa � � H • �+ a � � w i [� � � � N � 00 �p � O c j W E�'' Ex.,, E � � °. ''! � oi o° ,a � W ,c� Q 3 q � c� o p r� . Z (� O H � p 0 � • �-1 01 G� E'' � [t� 0 a � I � � � � i W W � E. i W � i a F Z � a ; E � Q W Q > � � o � i � � � ° dC � � '� � � o � M H C�/) � � � O • � � � � � O� x a , ,.., ',.{ � � � i i i i � M M Y'� M 1 `"� �"� �--I � M W � \ � � � \ V W � � � � � 01 H � N N N N N R: RC � �r � � � � CL fa � p p 0 d' cr � � O I 1 I � M � � .�Ci �--1 � M '„� � ' M d � l� M lf') W � Q � �t+ M x � �-+ > v� .-i �o r� H A o c� O ' x �.� x � N oi wo �n U �o �r � �ru�i � �' '� F'' E. M U � H 1 � \t0 f!� W 00 � �tf1 � M � A, i � �n O A ri CQ o o CJ � x t-G''�� ►a i 2 E, � Q \ .. F..� , H Ul 1 � G� H A O H fl.' M L1� LL CA G7C o H a H H � O i � V � �N U � � (�j Q A U � U U W I � I I I W � N � I � ►a I � � ' I p 0 Q . I p � � 1 � � � x � ' � O N v� a � ° N ° � o