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HomeMy WebLinkAbout05-16-14 (2) -J REV-1500 EX(01-10) 1505610143 OFFICIAL USE ONLY PA Department of Revenue Pennsylvania County Cede Year File Number Bureau of Individual Taxes oaa.a,M ENT O.REVENUE PO BOX.280601 INHERITANCE TAX RETURN 21 14 0263 Harrisburg,PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 03 12 2014 03 17 1924 Decedent's Last Name Suffix Decedent's First Name MI WELDON SR . GORDON J (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) ® B Decedent Died Testate ❑ T Decadent Maintained a Living Trust O Deposit Boxes D fe e B. Total Number of Sa (Attach Copy a W II) (Attach Copy of Trust) P ❑ 9. Litigation Proceeds Received ❑ 10,Spousal Poverty Credit(date of death t t.Election to tax under Sec.9113(A) Oetween 12-81-91 and 1-1-95) ❑ (Attach Sch.O) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number WILLIAM R BUNT ESQ 717 582 8195 N REGIST9RR OF WILLS U E 01 C> n First line of address CO � u� 109 S CARLISLE STREET ;r- F_ rn U z Second line of address PO BOX 336 CD m 3 :55- 1 City Post Office PA*-FILED �'' r ty' State ZIP Code NEW BLOOMFIELD PA 17068 Correspondent's e-mail address: wrb @pa.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 any knowledge ���SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN DATE �.. Polly A. Kitner �Lf ADDRESS 7337 Spring Road, Shermans Dale, PA 17090 SIGNATURE OF P EPAI3fR OTHER THAN REPRESENTATIVE DATE ADDRESS C� 42 — William R Bunt Esq 109 S. Carlisle Street, New Bloomfield, PA 17068 Side 1 L 1505610143 1505610143 J J 1505610243 REV-1500 EX Decedent's Social Security Number Decedent's Name WELDON, GORDON J SR. RECAPITULATION 1. Real Estate(Schedule A).......................................................................................... 1. 2. Stocks and Bonds(Schedule B)............................................................................... 2. 302 , 989 . 59 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. 2 , 821 . 82 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested............. 6. 4 , 448 . 35 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property (Schedule G) ❑ Separate Billing Requested............. 7. 8. Total Gross Assets(total Lines 1-7)....................................................................... 8. 310 , 259 . 76 9. Funeral Expenses&Administrative Costs(Schedule H)......................................... 9. 29 , 661 . 26 10. Debts of Decedent,Mortgage Liabilities,&Liens(Schedule 1)................................ 10. 11. Total Deductions(total Lines 9&10)...................................................................... 11. 29 , 661 . 26 12. Net Value of Estate(Line 8 minus Line 11)............................................................. 12. 2 80 , 598 . 50 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. 280 , 598 . 50 TAX COMPUTATION-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 .00 15. 16. Amount of Line 14 taxable at lineal rate X .045 280 , 598 . 50 16. 12 , 626 . 93 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. 12 , 626 . 93 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. ❑ Side 2 L 1505610243 1505610243 J REV-1500 EX Page 3 File Number 21 - 14 - 0263 Decedent's Complete Address: DECEDENT'S Weldon, Gordon J Sr. STREET ADDRESS 2100 Bent Creek Blvd. CITY STATE ZIP Mechanicsburg PA 17050 Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) 12,626.83 2. Credits/Payments A. Prior Payments B. Discount 631.35 Total Credits(A +B) (2) 631.35 3. Interest (3) 0.00 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) 11,995.58 Make Check Payable to: REGISTER OF WILLS, AGENT. :: . � °.`�,14i,.G.ays,.-Ls!d4,.,_,.� !•.,!�k:$5ui.,� .... ,_. ,.:2. �s.� �._:_,,.� 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 j 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 consideration?....__...._.......................__.......__........------....-....._ ❑ 3. Did decedent own an'in trust for" or payable upon death bank account or security at his or her death?......... ❑ D 4. Did decedent own an Individual Retirement Account,annuity,or other non-probate property which contains a beneficiary designation?..................................................................................................................... ❑ o IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. ' •liva�a. t?„ �.su,r;. ;;l:.,t y.. :, :10k=. :,t ” :,'Iw:diuv�,�.�i3!Ls._;u�;}1 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 Q2 P.S.§9116 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 12)[72 P.S.§9116(a)(1)i. •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 bloo�or adoption. SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Weldon, Gordon J Sr. FILE NUMBER 21 - 14 -0263 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION UNIT VALUE VALUE AT DATE OF DEATH 1 Charles Schwab account no. 93013592 302,989.59 See attached valuation TOTAL(Also enter on line 2, Recapitulation) 302,989.59 SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC. INHERITANCE TA RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF Weldon, Gordon J Sr. FILE NUMBER 21 - 14 -0263 Include the proceeds of litigation and the date the proceeds were received by the estate.All property jointly-owned with the right of survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 The Bridges at Bent Creek-refund 2,812.82 2 Commonwelath of PA-refund 9.00 TOTAL(Also enter on Line 5, Recapitulation) 2821.82 82 , i I SCHEDULE F COMN°ERTANCE°AXRETURN""'" JOINTLY-OWNED PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Weldon, Gordon J Sr. 21 - 14-0263 If an asset was made joint within one year of the decedent's date of death,it must be reported on schedule G. SURVIVING JOINT TENANT(S)NAME ADDRESS RELATIONSHIP TO DECEDENT Polly A. Kitner 7337 Spring Road daughter A Shermans Dale, PA 17090, JOINTLY OWNED PROPERTY: pE F TY ITEM LETTER DATE TInclude name of finaC�nrue�lin�t2u ion anOd bank account Tom DATE OF DEATH °f°OF DATE of DEATH NUMBER FOR JOINT MADE or similar identifying number.Attach deed for jointly-held real VALUE OF ASSET DECD'S VALUE OF TENANT JOINT estate. INTEREST DECEDENT'S INTEREST 1 A 07/18/2002 Bank of Landisburg checking account no. asss.fs 50% 4,446.58 3704718 2 A 02/06/2012 Bank of Landisburg savings account no. 3.54 50% 117 366954040 ' I I I - --------- ----------- �. TOTAL(Also enter on line 6,Recapitulation) 4,448.35 �I t�I SSC�HE�D�/UpL�E HH�p p COWONW TH OF PENNSYLVANW ' PUS ALE rGr� ES& INHERITANCE RETURN RESIDENT DEC EDENT AMINEMME COM ESTATE OF Weldon, Gordon J Sr. FILE NUMBER 21 - 14 -0263 Debts of decedent must be reported on Schedule I. ITEM NUMBER FUNERAL EXPENSES: DESCRIPTION AMOUNT A. 1 Dellville United Methodist Church-funeral meal 300.00 2 Boyer Funeral Home-funeral 8,859.00 3 Patriot News-obituary 296.98 4 Pastor Kurt Hertzberg-officiating at funeral 75.00 5 Chaplian Casey Hurst-officiating at funeral 75.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Polly A. Kitner 10,000.00 Street Address 7337 Spring Road city Shermans Dale State PA zip 17090 Year(s)Commission paid 2014 2. Attorney's Fees William R. Bunt 9,000.00 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 William R. Bunt-probate fees 393.50 The Sentinnel-legal advertisement 211.78 Cumberland Law Journal-legal advertisement 75.00 5. Accountant's Fees 6. Tax Return Preparer's Fees Robert W. Morris, 11-reserved 300.00 7. Other Administrative Costs 1 Miriam Graham-organist 25.00 TOTAL(Also enter on line 9, Recapitulation) 29,661.26 C Schedule H COMMONWEALTH OF PENNSYLVANIA Funwal & INHERITANCE TAX RETURN A fths,.w,:. C AL�continued RESIDENT DECEDENT ��C�Y1IC� ESTATE OF Weldon, Gordon J Sr. FILE NUMBER 21 - 14- 0263 2 Mary Ellen Hocker-pianist 25.00 3 Josh George-amplification attendant 25.00 Page 2 of Schedule H REV-1613 E%r 111-081 SCHEDULE ) COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Weldon, Gordon J Sr. FILE NUMBER 21 - 14 -0263 NUMBER NAME AND ADDRESS OF PERSONS RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE RECEIVING PROPERTY ( ) DECEDENT (Words) ($$$) Do Not Ust Trustee(s) I, TAXABLE DISTRIBUTIONS outright spousal distributions,and transfers - under Sec.9116(a)(1.2)) 1 Lois A. Aughenbaugh Daughter One-Fourth of 125 Old Mill Road Estate Shermans Dale, PA 17090 2 Polly A. Kitner Daughter One-Fourth of estate 7337 Spring Road Shermans Dale, PA 17090 3 Joan E. Shade Daughter One-Fourth of 161 S. Main Street Estate Pleasant Gap, PA 16823 Enter dollar amounts for distributions shown above on lines 15 through 18 on Rev 1500 cover sheet,as appropriate. II. NON-TAXABLE DISTRIBUTIONS: A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET 0,00 REV-1613 EX.(8 48) SCHEDULE ) COMMONWEALTH OF PENNSYLVANIA TAX RE INHERITANCE TAX RETURN BENEFICIARIES continued RESIDENT DECEDENT ESTATE OF Weldon, Gordon J Sr. FILE NUMBER 21 - 14 -0263 NAME AND ADDRESS OF PERSONS RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE NUMBER (Words) RECEIVING PROPERTY O Do Not uatDTmst Trusts ) ($$$) I, TAXABLE DISTRIBUTIONS[include outright spousal distributions,and transfers under Sec.9116(a)(1.2)] 4 Gordon J. Weldon, Jr. Son One-Fourth of 102 Leather Camp Road Estate Howard, PA 16841 Page 2 of Schedule J LAST WILL AND TESTAMENT OF GORDON J. WELDON, SR I, GORDON J. WELDON, SR. , of Carroll Township, Perry I County, Pennsylvania, being of sound mind, memory and understanding, do hereby declare this to be my Last Will and Testament, revoking all former wills or writings in the nature ; i thereof and any codicils thereto made. I FIRST: I direct my hereinafter named Executrix or i alternate Executrix, as the case may be, to pay all of my just debts, funeral expenses, costs of administration and inheritance taxes out of the corpus of my estate as soon after my decease as is practicable to do so. SECOND: I give, bequeath and devise all of my estate, real, personal and mixed and wheresoever situate, unto my wife, ! Grace O. Weldon. THIRD: In the event that my wife, Grace 0. Weldon, I predeceases my decease, then and in that event, I give, bequeath i and devise all of my estate, real, personal and mixed and wheresoever situate, unto my four (4) children, Lois A. 3 Aughenbaugh, Polly A. Kitner, Joan E. Shade and Gordon J. Weldon, Jr. , in equal shares, share and share alike. My aforesaid children may divide any of said WILLIAM B. BUNT A,....7 AT LAW Page 1 of 3 pages 109 B. CwwuSLE BT. NEW BLOOMFIELD. PA. 17068 TEL 17171 582-6195 Fnx. 17171 582-7521 I t s s property between themselves as they may mutually agree. In the event of disagreement, or any property which they do not desire to divide, the same shall be converted into cash money and the net proceed derived therefrom shall be divided equally among my said four (4) children. In the event that any of my children predecease my decease leaving a child or children to survive the i same, then and in that event, I give, bequeath and devise the share of said deceased child to the child or children of said deceased child, in equal shares, share and share alike. In the event that any of my children predecease my decease not leaving a child or children to survive the same, then and in that event, I give, bequeath and devise the share of said deceased child unto my remaining children surviving my decease, in equal shares, share and share alike. FOURTH: Any person who shall have died within thirty (30) days of my death, or under such circumstances that the order of our deaths cannot be established by proof, shall be deemed to have predeceased me. FIFTH: I name, constitute and appoint my wife, Grace i O. Weldon, as the Executrix of this my Last Will and Testament. In the event of the renunciation, death, I I resignation or inability of my wife, Grace O. Weldon, to act for any reason whatsoever, as the Executrix of my estate, then and in WILLIAM R. BUNT ATTORNEY AT LAW Page 2 of 3 pages 109 S. CARLISLE sT. NEW BIOO MF1El0. PA. 17068 TEL, 17171 582-8185 FA. 17171 582.7521 I that event, I name, constitute and appoint Polly A. Kitner, as the alternate Executrix of this my Last Will and Testament. My Executrix or alternate Executrix, as the case may be, is hereby excused from the posting of any bond or security, notwithstanding any provisions of the law to the contrary. i IN WITNESS WHEREOF, I have hereunto set my hand and seal to this my Last Will and Testament this 20th day of August, 1991. I /� z�L2_ �d✓.G./, n (SEAL) Signed, sealed, published and declared by the above I named Testator, as and for his Last Will and Testament, in our presence, who, in his presence, at his request and in the presence of each other, have hereunto set our names as attesting I witnesses. I I I WILLIAM P. BUNT ATTORNEY AT LAW I Page 3 of 3 pages 109 S. CARUELC 8T, NEW BLOOMFIELD. 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CD § / rr 2 ) G ` to ` j \\ » m C ul mko Ir - .. cn CD / § 2 � ) _ Fl \ § - _ � ) } \ C \ The 13ankor Landisbueg ESTABLISHED 1903 P.O. BOX 179 • LANDISBURG, PA 17040 April 10, 2014 William R Bunt Attorney At Law 109 South Carlisle Street PO Box 336 New Bloomfield, PA 17068 RE: Estate of: Gordon J Weldon Sr Date of Death: March 12, 2014 SS#: Dear Sir: The information you requested is as follows. The Accrued Interest is only calculated till March 12, 2014. Please note,both accounts were jointly owned with his daughter, Polly A Kitner. Date Account Account Type of Balance Prior Interest Accrued Opened Number Account to Interest Bearing/Rate Interest 07/18/2002 3704718 Checking $8,893.16 N/A N/A 02/06/2012 366954040 St Savings $0.36 Yes $3.18 If I can be of further assistance,please advise. Very truly yours, Connie L Welcomer cc: Decedent's folder LANDISBURG - 717-789-3213 BLAIN - 536-3118 SHERMANS DALE - 582-8511