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HomeMy WebLinkAbout07-21-14 (2) J 1505610140 REV-1500 EX -10, OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes County Code Year File Number PO BOX 280601 INHERITANCE TAX RETURN 2 1 1 4 0 4 9 2 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 0 5 0 8 2 0 1 4 0 3 0 8 1 9 3 9 Decedent's Last Name Suffix Decedent's First Name MI H A N K I N S W I L L I A M V (If Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI H A N K I N S L A U R E L 4 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 2.Supplemental Return 3. Remainder Return(date of death prior to 12-13-82) 4.Limited Estate 4a. Future Interest Compromise(date of 5. Federal Estate Tax Return Required death after 12-12-62) 0 6.Decedent Died Testate 7. Decedent Maintained a Living Trust 8.Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) F] 9. Litigation Proceeds Received Ej 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 Daytime Telephone Number M A T T H E W A M c K N I G H T 7 1 7 2 4 9 2 3 5 3 REGIST GE WILLS USA NLY - 7J 5'C, --zy '� DO First line of address r- fV I R W I N & M C K N I G H T , P C Second line of address n CD`—: `r+ -�- 6 0 W E S T P 0 M F R E T S T R E E T City or Post Office State ZIP Code DDATE FILED._ C; C A R L I S L E P A 1 7 0 1 3 Correspondent's e-mail address: Under penalties of perjury,I declare that I have examined this retum,including accompanying schedules and statements,and to the best of my knowledge and belief, it is true,correct and complete.De tion of preparer other than the personal representative is based on all information of which preparer has any knowledge. S OF PE S PO BLE F R FILING RETURN DATE ADD SS MOUNTAIN OAD NEWVILLE PA 17241 SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE DATE ADDRESS 60 WEST POMFRET STREET CARLISLE PA 17013 PLEASE USE ORIGINAL FORM ONLY Side 1 L 1505610140 1505610140 1505610240 REV-1500 EX Decedent's Social Security Number Decedent's Name: WILLIAM V. HANKINS 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. 1 6 1 1 2 , 3 4 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested .. . .. . . 6. 7. Inter-Vivos Transfers&Miscellaneous NQp;Probate Property (Schedule G) b Separate Billing Requested .. . ... . 7. 8. Total Gross Assets(total Lines 1 through 7) ... .. ... .. ... ... ... ... ... .. 8. 1 6 1 1 2 , 3 4 9. Funeral Expenses and Administrative Costs(Schedule H) .. . ... ... . ... . .. .. 9. 1 3 8 9 . 0 4 10. Debts of Decedent,Mortgage Liabilities,and Liens(Schedule 1) .. .. . ... ... .. 10. 11. Total Deductions(total Lines 9 and 10) .... .. ... .. .. ... . .. ... ... . ... .. 11. 1 3 8 9 . 0 4 12. Net Value of Estate(Line 8 minus Line 11) . .. .. . .. .. . .. . .. .. . . .. . .. . .. 12. 1 4 7 2 3 . 3 0 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 4 7 2 3 . 3 0 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 _ 1 4 7 2 3 . 3 0 15. 0 . 0 0 16. Amount of Line 14 taxable at lineal rate X.045 0 . 0 0 16. 0 . 0 0 17. Amount of Line 14 taxable at sibling rate X.12 0 . 0 0 17. 0 . 0 0 18. Amount of Line 14 taxable at collateral rate X.15 0 . 0 0 16. 0 . 0 0 19. TAX DUE . .. . . .. ... .. . .. . .. . .. . .. . .. ... .. . .... ... ... ... ... . .. . . 19. 0 . 0 0 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 L 1505610240 1505610240 REV-1500 EX Page 3 Fife Number Decedent's Complete Address: 21 14 0492 DECEDENT'S NAME WILLIAM V. HANKINS STREET ADDRESS 210 MOUNTAIN ROAD CITY STATE ZIP NEVVVILLE I PA 17241 Tax Payments and Credits: I. Tax Due(Page 2,Une 19) (1) 0.00 2. CreditslPayrrients A.Prior Payments B.Discount 0.00 Total Credits(A+B) (2) 0.00 1 Interest 4. 0 Une 2 is greater than Une 1 +Une 3,enter the difference.This is the OVERPAYMENT. (3) Fill In oval on Page 2,Line 20 to request a refund. (4) 0,00 5. if Une 1+Line 3 is greater than Lire 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; ...................................................................... 0 IZI b. retain the right to designate who shall use the property transferred or its income; ...........................I... 0 c. retain a reversionary interest;or ................................................................................................ 0 0 d. receive the promise for life of either payments,benefits or pre? ....................................................... ❑ nX 1 If death occurred after December 12,1982,did decedent transfer property within one year of death without receiving adequate consideration? ....................................................................................... ❑ OX 3. Did decedent own an'intrust for or payable-upon-death bank mount or security at his or her death? ......... 0 I] 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)(1)]. 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 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)(12)]. • 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)]. • The tax rate imposed on the net value of transfers to or for the use of the decedents 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+(08-12) pennsylvania SCHEDULE E DEPARTMENT OF REVENUE CASH, BANK DEPOSITS & MISC. IREESIDENTDECEDDENT PERSONAL PROPERTY ESTATE OF: FILE NUMBER: WILLIAM V. HANKINS 21 14 0492 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. ACNB BANK-CHECKING ACCOUNT 16,112.34 TOTAL(Also enter on Line 5,Recapitulation) $ 16 112.34 If more space is needed,use additional sheets of paper of the same size. REV-1511 EX+(10-09) pennsylvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER WILLIAM V. HANKINS 21 14 0492 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s)of Personal Representative(s) Street Address City State ZIP Years)Commission Paid: 2, Attorney Fees: IRWIN & McKNIGHT, P.C. 1,000.00 3. Family Exemption:(If decedents address is not the same as claimant's,attach explanation.) Claimant LAUREL R. HANKINS Street Address 210 MOUNTAIN ROAD City NEWVILLE state PA ZIP 17241 Relationship of Claimant to Decedent SPOUSE 4. Probate Fees: IRWIN & MCKNIGHT, P.C. 123.50 6 Accountant Fees: 6. Tax Return Preparer Fees: 7. CUMBERLAND LAW JOURNAL-ESTATE NOTICE 75.00 8. THE SENTINEL- ESTATE NOTICE 190.54 TOTAL(Also enter on Line 9,Recapitulation) $ 1,389.04 If more space is needed,use additional sheets of paper of the same size. REV-1513 EX-(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: WILLIAM V. HANKINS 21 14 0492 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S)RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE TAXABLE DISTRIBUTIONS (Include outright spousal disbibutions and transfer under Sec.9116(a)(1.2).) 1. LAUREL R. HANKINS Spousal 14,723.30 210 MOUNTAIN ROAD REMAINDER NEWVILLE, PA 17241 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF 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: 1. B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: i. TOTAL OF PART 11 -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 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 WILLIAM VERNON HANKINS I WILLIAM VERNON HANKINS, of Cumberland County, Pennsylvania, declare this instrument to be my Last Will and Testament, hereby expressly revoking all Wills and Codicils heretofore made by me. ONE. I direct my Executor to pay all of my debts, funeral and administrative expenses as soon as convenient after my decease. Furthermore, I direct that all state, inheritance, succession and other death taxes imposed or payable by reason of my death and interest and penalties thereon with respect to all property composing of my gross estate for death tax purposes, whether or not such property passes under this Will, shall be paid by the Executor of my estate, and that none of the aforesaid taxes shall be prorated among those persons or entities named herein or otherwise beneficiaries hereunder. TWO. My Executrix. or Executor may, at her or his discretion, compromise claims, borrow money, retain property for such length of time as she or he may deem proper; lease and sell property for such prices, on such terms, at public or private sales, as she or he may deem proper; and invest estate property and income without restriction to legal investments unless otherwise provided hereunder. I authorize and empower my Executrix or Executor to sell any realty and/or personalty owned by me at my death and not specifically devised or ACKNOWLEDGMENT AND AFFIDAVIT WE, WILLIAM VERNON HANKINS, TRACI D. SMITH and MATTHEW A. McEMGHT,the Testator and witnesses respectively, whose names are signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testator signed and executed the instrument as his Last Will and Testament, that he had signed willingly, that he executed it as his free and voluntary act for the purpose herein expressed, and that each of the witnesses, in the presence and hearing of the Testator, signed the Will as a witness and that to the best of their knowledge the Testator was, at that time, eighteen years of age or older, of sound mind and under no constraint or undue influence, LAM VERNON S TRAiCIDAMITII kATTr A.McKNIGHT COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF CUMBERLAND Subscribed, sworn to and acknowledged before me by WILLIAM VERNON HANKINS,the Testator herein, and subscribed and swpm to before me RACI D. SMITH and MATTHEW A. McKNIGHT,witnesses, this day of May,2014. 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