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HomeMy WebLinkAbout04-02-14 1 1505610105 J REV-1500 Ex(o2-„)(R)IV, Pennsylvania Bu OFFICIAL USE ONLY Department Revenue P enn Y Bureau of Individual Taxes County Code Year File Number PO BOX 280601 INHERITANCE TAX RETURN Harrisburg,PA 17128-0601 RESIDENT DECEDENT 02 l I O ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY �I208- 08/09/2013 04/01/1955 ul Decedent's Last Name _ _ TSu—ffx , Decedent's First Name - MI Kreps I L I Roger (If Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI 1.Kreps Debbie , Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE 168-48-2757 _ REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW m 1.Original Return O 2.Supplemental Return O 3. Remainder Return(Date of Death Prior to 12-13-82) C= 4. Limited Estate O 4a.Future Interest Compromise(date of O 5. Federal Estate Tax Return Required death after 12-12-82) CC 6. Decedent Died Testate O 7.Decedent Maintained a Living Trust 8. Total 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 MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name _ Daytime Telephone Number r Debbie Kreps (717) 732-7907 —� —M Yr REGISTE®FRILLS USE ONLY 4D n =]D G7 O rn o Cn v First Line of Address - --i D 5535 Westbury Drive T n � to CD Second Line of Address _ ° C.> O O C n l r� rri City or Post Office State ZIP Code ISATE-RILED O D c0 (Enola PA 17025 , Correspondent's e-mail address:debbiekreps55@gmai1.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. SIGNA7,l OFpF,A2SON RESPONSIBLE FOR FILING RETURN Eao// ADDRESS/-ti//- � /611J_'-'T•//lam. / SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE DATE ADDRESS PLEASE USE ORIGINAL FORM ONLY Side 1 1505610105 1505610105 1505610205 REV-1500 EX(Fl) Decedent's Social Sewdry Number Decedent's Name: Roger D. Kreps 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. 6. Jointly Owned Property(Schedule F) O Separate Billing Requested ....... 6. 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property (Schedule G) O Separate Billing Requested..... ... 7. 24,776.98 8. Total Gross Assets(total Lines 1 through 7)......................... .... 8. 24,776.98 9. Funeral Expenses and Administrative Costs(Schedule H)........... ..... ... 9. 10. Debts of Decedent, Mortgage Liabilities and Liens(Schedule 1)....... ........ 10. 11. Total Deductions(total Lines 9 and 10)..... ............ ................ 11. 12. Net Value of Estate(IJne 8 minus Line 11) .. .......... ........ .......... 12. 24,776.98 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. 1 24,776.98 TAX CALCULATION-SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate,or transfers under Sec.9116 1238849 (a)(1.2)X.0 0 12,388.49 15. 0.00 16. Amount of Line 14 taxable at lineal rate X.045 12,388.49 16, 557.48 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 ........... .... ..... ............ ..................... .... 19.1 557.48 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT O Side 2 1505610205 1505610205 REV-1500 EX(Fit Page 3 File Number Decedent's Complete Address: DECEDENT'S NAME Roger Davis Kreps STREETADDRESS 5535 Westbury Drive CITY STATE ZIP Enola PA 17025 Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) 557.48 2. Credits/Payments A.Prior Payments 0.00 B.Discount 0.00 Total Credits(A+8) (2) 0.00 3. Interest (3) 0.00 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) 5. If Line 1 +Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 557.48 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 .......................................................................................... ❑ N b. retain the right to designate who shall use the property transferred or its income ............................................ ❑ 0 c. retain a reversionary interest .............................................................................................................................. ❑ ■ d. receive the promise for life of either payments,benefits or care?...................................................................... ❑ 0 2. If death occurred after Dec.12,1982,did decedent transfer property within one year of death without receiving adequate consideration?.............................................................................................................. ❑ E 3. Did decedent own an 1n trust for'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? ........................................................................................................................ 0 ❑ 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 p2 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-1510 EX+(08-09) ��. Jpennsylvania SCHEDULE G DEPARTMENT OF REVENUE INTER-VIVOS TRANSFERS AND INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Roger D. Kreps This schedule must he completed and riled if the answer to any of questions I through 4 on page three of the REV-1500 is yes. REM DESCRIPTION OF PROPERTY DATE OF DEATH %OF DECD'S EXCLUSION TAXABLE INOIOEAENAMEOF THE AITAEAH,DN O RHE DEED FOR r0 ESTARE AND NUMBER THE DATE OF TRANSiER. ATfAD1AMRr OF THE DEED RXI0.FAL ESIAIE VALUE OF ASSET INTEREST Of AvcuaelE VALUE 1. IRA Passbook CD-Heather Kreps Luta-Daughter-9/10/2013 5,355.23 50 T 2,677.62 2 IRA CD-Heather Kreps Luta-Daughter-911012013 1,829.30 50 914.65, IRA Passbook CD-Heather Kreps Luta-9/1012013 I 3. 11,006.09 50 i 5,504.05 4 IRA Passbook CD-Heather Kreps Luta-9/1012013 4,633.83 50 2,316.91 5 IRA Passbook CD-Heather Kreps Luta-9/10/2013 1,950,53E 50 975.261' IRA Passbook CD-Debbie Kreps-Spouse-9/10/2013 I 6 5,355.23 50 2,677.611` 7 IRA CD-Debbie Kreps-Spouse-9/10/2013 1,829.30 50 914.65+ 8 IRA Passbook CD-Debbie Kreps-Spouse-9/10/2013 11,008.09 50 5,504.04 9 IRA Passbook CD-Debbie Kreps-Spouse-9/1012013 4,633.83 : 50 2,316.92' 10 IRA Passbook CD-Debbie Kreps-Spouse-9/10/2013 1,950,53 50 975.27 f � I i , I i I I i I i TOTAL(Also enter on Line 7, Recapitulation) $ 24,776.98 If more space is needed,use additional sheets of paper of the same size. .. v Couit Otder.Ptvicess_\,Decedents- MA I-MB3-02-10 - P.O.Box 841005 - Boston,MA 02284 January 29, 2014' . E Ms. Debbie Kreps 5535 Westbury Drive i Enola, PA 17025 s _ RE: Estate of Roger D. Kreps Date of Death: 08/09/2013 4 s Dear Ms. Kreps: Per your request, enclosed please find the account information as of the date of death for the above-named decedent. For your information, accrued interest is not included in the date of death balance. Please feel free to contact me if I can be of any further assistance. 5 Very truly yours, Donna M. Long Lead Specialist 617=514-5189 pJEg d 1 y�p d V Ciy E1 Y. J s a ad E 6 S Q Sovereign Bank ESTATE OF Roger D. Kreps SOCIAL SECURITY #: 20842-3011 DATE OF DEATH: August 9, 2013 Account#: 0768115453 Type: IRA Passbook CD Open date: 4/5/1989 In the name of: Roger D. Kreps Date of Death Balance: $5,355.23 Int.(YTD) from 1/1/2013 to 8/6/2013 $3.56 Accrued interest to date of death: $0.04 Other Info: Funds paid out 9/10/13 Heather Kreps(50%) and Debbie Kreps (50%) Account#: 0768115545 Type: IRA CD Open date: 3/10/1987. In the name of: Roger D. Kreps Date of Death Balance: $1,829.30 Int.(YTD) from 1/1/2013 to 7/31/2013 $1.59 Accrued interest to date of death: $0.09 Other Info: Funds paid out 9/10/13 Heather Kreps(50%) and Debbie Kreps(50%) Account#: 0768115610 Type: IRA Passbook CD Open date: 3/21/1990 In the name of: Roger D. Kreps Date of Death Balance: $11,008.09 Int.(YTD) from 1/1/2013 to 7/22/2013 $9.63 Accrued interest to date of death: $0.32 Other Info: Funds paid out 9/10/13 Heather Kreps(50%)and Debbie Kreps (50%) Account#: 0768116162 Type: IRA Passbook CD Open date: 4/4/1994 In the name of: Roger D. Kreps Date of Death Balance: $4,633.83 Int.(YTD)from 1/1/2013 to 6/4/2013 $2.31 Accrued interest to date of death: $0.88 Other Info: Funds paid out 9/10/13 Heather Kreps(50 1/6) and Debbie Kreps(50%) Account#: 0768116212 Type: IRA Passbook CD Open date: 3/25/1996 In the name of: Roger D. Kreps Date of Death Balance: $1,950.53 Int.(YTD)from 1/112013 to 6/26/2013 $0.98 Accrued interest to date of death: $0.25 Other Info: Funds paid out 9/10/13 Heather Kreps(50%) and Debbie Kreps(50%) Page 1 of 1 REV-1513 EX+(01-I0) pennsylvania SCHEDULE J. DEPARTMENT OF REVENUE INHERITANCE TAX RETURN .BENEFICIARIES . RESIDENT DECEDENT ESTATE OF: . FILE NUMBER: Roger D. Kreps °RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER - NAME AND ADDRESS OF PERSON(S)RECEIVING'PROPERTY Do Not ListTrustee(s) OF ESTATE I TAXABLE DISTRIBUnONS(Include outright spousal distributions and transfers under Sec.9116(a)(11).] -1. Heather Kreps Luta1612 Sheepford Road Mechanicsburg,PA 17055 I Daug� 12,388.49 2. Deb 2 bie Kreps 5535 Westbury Drive Encla,PA 170 Spouse 12;388.49 C-! C- ---- - - ! L ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE. - .J II NON-TAXABLE DISTRIBUTIONS.A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: y B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: Ej TOTAL OF PART$I- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ONLINE 13 OF REV-1500 COVER SHEET. $ If more space is needed„use additional sheets of paper of the same size. - LAST WILL AND TESTAMENT OF ROGER D. KREPS I, ROGER D. KREPS, of Enola, 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, unto my wife, DEBBIE KREPS, provided she survives me by sixty (60) days . SECOND : Should my wife, DEBBIE KREPS, predecease me or die on or before the sixty-first (61st) day following my death, 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 to my daughter, HEATHER E. LUTA, \�q provided that should she predecease me, I give and bequeath her share unto her issue per stirpes by representation. 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 . (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. 2 FOURTH: 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 . FIFTH: 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. SIXTH: I nominate and appoint my wife, DEBBIE KREPS, Executrix 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 DEBBIE KREPS, I nominate and appoint my daughter, HEATHER E. LUTA, Executrix of this, my Last Will and Testament . I direct that my Executrix or Executrices, 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 day of 2011 . (SEAL) ROGER D. KREPS 3 Signed, sealed, published and declared by the above- named Testator as and for his Last Will and Testament in our presence, who, at his request , in his presence and in the presence of each other, have hereunto subscribed our names as attesting witnesses . Address Address 4