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HomeMy WebLinkAbout04-15-05 ~.,..." .(>OOJ * NOA>>L-~1L DUE. REV-1500 OFFICIAL USE ONLY INHERITANCE TAX RETURN FILE NUMBER 21 05 RESIDENT DECEDENT COU~ODE YEAR SOCIAL SECURITY NUMBER ~ NUMBER COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128..()601 DECEDENT'S NAME (LAST. FIRST. AND MIDDLE INITIAL) ... Z W C W (,) W C Brackbill, Edward L. DATE OF DEATH (MM-DD-YEAR) THIS RETURN MUST BE ALED IN DUPUCATE WITH THE 195-32-1118 DATE OF BIRTH (MM.DD-YEAR) 01-01-2004 04-10-1938 REGISTER OF WILLS SOCIAL SECURITY NUMBER (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST. FIRST AND MIDDLE INITIAL) w ~ lO::!Ul ()lI:lO: wll.g :cO... ()lfGl II. < !Z w c z ~ Ul W II: II: o () o 1. Original Return D 2. Supplemental Return O 4. Limited Estate D 4a. Future Interest Compromise (date of death aftar 12-12-82) [!J 6. Decedent Died Testate (Attach D 7. Decedent Maintained a Living Trust (Attach copy of Will) copy of Trust) D 9. Litigation Proceeds Received D 10. ~f.~J:~I:~~~1~5?redit(data of death between 0 11. Election to tax under Sec. 9113(A)(Attach Soh 0) ~~ECl'ION!...t.1~IS.ec\5oMR~4ci;i.~~iBe$~~6ENPE::ANp:caIliFiO_~Thi.iriiRMimloN'SHOl!fLt)lBEiolRECl'EI5''TO:.' :.......::I~.:')..w! .! NAME COMPLETE MAJUNG ADDRESS James D. Bogar FIRM NAME (If applicabla) Bogar & Hipp Law Offices o o 3. Remainder Return (date of death poor to 12-13-82) 5. Federal Estate Tax Return Required 8. Total Number of Safe Deposit Boxes One West Main Street Shiremanstown, PA 17011 TELEPHONE NUMBER 717-737-8761 1. Real Estate (Schedule A) OFFICIAL USE ONLY (1 ) None None None None 9,824.71 None None (8) 0.00 2. Stocks and Bonds (Schedule B) (2) 3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) z o i= < ..J ::) ... 0: < (,) w a: 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) o Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G or L) 0 Separate Billing Requested 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) (9) (4) (5) (6) (7) ') 9,824.71 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) 11. Total Deductions (total Lines 9 & 10) (11 ) 0.00 12. Net Value of Estate (Line 8 minus Line 11) (12) 9,824.71 0.00 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Line 13) (13) (14) 9,824.71 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, 9,824.71 x .00 (15) z or transfers under Sec. 9116{a)(1.2) 0 (16) i= 16. Amount of Line 14 taxable at lineal rate 0.00 x .045 i5 ::) a. 17. Amount of Line 14 taxable at sibling rate 0.00 x .12 (17) :E 0 (,) 18. Amount of Line 14 taxable at collateral rate 0.00 x .15 (18) )( < ... 19, Tax Due (19) 0.00 0.00 0.00 0.00 0.00 20.0 ;;,AiX?jc::\tKti:c>~;~;;; ..~,:. .:. '., '.' '::,,'~Ji.;,.>>,llESURE:r() ~l{S~UES:nONSONRelEa~E''SID~~qIRECt,tECKMATH <-.c:' :~..: :~,/. . ., CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. ,: ,:;:~ ::$\~~~lli;!i~~~~,-;; Copyright 2002 form software only The Lackner Group, Inc. Form REV-1500 EX {Rev. 6-00: Decedent's Complete Address: STREET ADDRESS 69 Clouser Road CITY Mechanicsburg jSTATE PA !ZIP 17055 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) 0.00 0.00 Total Credits (A + B + C) (2) 0.00 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty (0 + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (4) Check box on Page 1 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) A. Enter the interest on the tax due. (5A) B. Enter the total of Line 5 + SA. This is the BALANCE DUE. (5B) Make Check Payable to: REGISTER OF WILLS, AGENT 0.00 0.00 , ~. ,~j~ 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............................................................................................................... d. receive the promise for life of either payments, benefits or care? ............................................................. 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ... ...... .................. ............ .......... ... ....... ...... ... '" .., ...... ..... ........_.. '" ...... ... ........ o [!] 3. Did decedent own an "in 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 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. Under penalties of pe~ury. I declare thaI I have examined this retum. including accompanying schedules and statements. and to the best of my knowledge and belief. n 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 ADDRESS Car L. Brackbi DATE 69 Clouser Road Mechanicsburg, PA 17055 "'l19-l4f" ADDRESS DATE ADDRESS 'it el~- DATE One West Main Street Shiremanstown, PA 17011 For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S. 99116 (a) (1.1) (i)]. 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% [72 P .S. 99116 (a) (1.1) (ii)]. The statute does not exemot 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 twenty-one 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% [72 P .S. 99116 (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%, except as noted in 72 P.S. 99116 1.2) [72 P.S. 99116 (a) (1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. 99116 (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+ (6-98) *' SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DecEDENT ESTATE OF Brackbill, Edward L. FILE NUMBER 21-05-0045 InClude the proceeds of litigation and the date the proceeds were received by the estate. All property Jolntly-owned with the right of survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION 1 Land O'Lakes, Inc. - Equity Reserve Credits - Sale of Milk VALUE AT DATE OF DEATH 9.824.71 TOTAL (Also enter on Line 5, Recapitulation) 9.824.71 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) Land O'Lakes, loe. 4C011.EX1NGl'ON Ave. N. ARDEN HIllS. MINNESOTA Mailing Addnr.l3: P.O. b 84101, St. Paul. MN S51&400101 TeJeo/1one: (6S1) 4814222 November 29, 2004 James D. Bogar 1 West Main St. Shiremanstown, P A 17011 Rc:: Edward L Brackbill, Deceased LOL #2008671 Dear James D. Bogar: In response to your recent inquiry regarding the equity reserve credits of the above subject account, please be advised that those credits total $9,824.71 as they appear on our records. Land O'Lakes has a policy of retiring in full the entire equity reserve account of any of its deceased patrons upon presentation of the proper legal documents regarding an estate. 1. lfthe estate was probated, please send us a certified copy oithe Letters Testamentary. 2. If the estate is closed, send us a copy of the Final Decree. 3. If there were no probate proceedings, we enclosed an Affidavit of Heirship and Agreement of Indemnification, which may be used. This form lists the heirs and to whom payment should be made. Ifused, it should be filled in (both pages), signed. witnessed, notarized and returned to our office in the enclosed envelope. Upon receipt of the appropriate documents listed above, we will then petition the board of directors to obtain formal approval of this redemption. Payment wilt be mad~promptly thereafter. The next board meeting is scheduled for February 22,2005. In older to be considered at that meeting you must have these forms returned to us no later than February 8, 2005. S7};;;)!1.) Alan Hot;;T Equity Manager Enc. REV.1513 EX+ (9-00) SCHEDULE ,J COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Brackbill, Edward L. 21-05-0045 NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE NUMBER PERSON(S) RECEIVING PROPERTY DECEDENT (Words) ($$$) Do Not Ust Trusteelsl I. TAXABLE DISTRIBUTIONS [include outright spousal aistributions, and transfers under Sec. 9116(a)(1.2)] 1 Carol L Brackbill Spouse All of the rest, 69 Clouser Road residue and Mechanicsburg, PA 17055 remainder . Total Enter dollar amounts for distributions shown above on lines 15 through 18, as appropriate, on Rev 1500 cover sheet II. NON-TAXABLE DISTRIBUTIONS; A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET 0.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA.1500 Schedule J (Rev. 6-98) -: 11Last 3!IlIill attb Qftstamtttt OF EDWARD L. BRACKBILL I, EDWARD L. BRACKBILL, of Monroe Township, 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 give and bequeath my household furniture and furnishings, my personal effects, jewelry, clothing, automobiles and all other tangible personal property, including all insurance policies covering those items, to my wife, CAROL L. BRACKBILL, provided she survives me by sixty (60) days; or, if she does not so survive me, to my children who survive me, to be divided between or among them equally as they may agree. SECOND: I devise and bequeath all the rest, residue and remainder of my estate of whatever nature and wherever situate, together with any insurance pOlicies thereon, unto my wife, CAROL L. BRACKBILL, provided she survives me by sixty (60) days. THIRD: Should my wife, Carol L. Brackbill, 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, together ~ with any insurance pOlicies thereon, unto my children, CINDY L. '\, , BRACKBILL, BONNIE L. KAUCHER, KIMMY L. BRACKBILL and TRACY L. YOST, or their issue, per stirpes, in equal shares. ~. FOURTH: In addition to all pow~rs granted to them by 1.,/ law and by other provisions of this Will, I give the fiduciaries -,. \ acting hereunder the following powers, applicable to all property, exercisable without court approval and effective until actual \ ';'" -\,00, " 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 or conditions as are deemed proper. (B) To partition, subdivide, or improve real estate and to enter into agreements concerning the partition, subdivision, 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. FIFTH: I direct that all inheritance, estate, transfer, succession and death taxes, of any kind whatsoever, which may be '....1 payable by reason of my death, whether or not with respect to property passing under this Will, shall be paid out of the princi- -," "S\: , pal of my residuary estate. SIXTH: All interests hereunder, whether principal or income, which undistributed and in the possession of the fiduci- >, aries acting hereunder, even though vested or distributable, shall ""~1j ~ not be subject to attachment, execution or sequestration for any debt, contract, obligation or liability of any beneficiary, and (-\ "" furthermore, shall not be subject to pledge, assignment, convey- ance or anticipation. SEVENTH: I nominate and appoint my wife, CAROL L. BRACKBILL, Executrix of this, my Last Will and Testament. In the event of the death, resignation or inability to serve for any 2 reason whatsoever of the said Carol L. Brackbill, I nominate and appoint CINDY L. BRACKBILL, BONNIE L. KAUCHER, KIMMY L. BRACKBILL and TRACY L. YOST, or the survivors thereof, Co-Executrixes of this, my Last Will and Testament. I direct that my Executor or Executrix, 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 c.lv.{1 day of /}}'<'./- 1987. ?/&.'~ ,-L 'iC~./;-I.r~-r:_d41L-L' Edward L. Brackbill (SEAL) 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. ~x. l8MdfillJ Address rJ<l'~ t71()a<.-- Address 3