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HomeMy WebLinkAbout11-12-14 1505610143 REV-1500 EX(02-11) S9,7 PA Department of Revenue �iy OFFICIAL USE ONLY p penns Ivania County Code Year File Number Bureau of Individual Taxes DEPARTMENT OF REVENUE PO 60x.280601 INHERITANCE TAX RETURN 21 14 0336 Harrisburg,PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW 03 22 2014 11 27 1920 Decedent's Last Name Suffix Decedent's First Name MI LOWDERMILK NEVIN W (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 1:12. 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) 8 Decedent Died Testate 7. Decedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) c 9. Litigation Proceeds Received 10.be ween 12 a %1 r dtjDatte f Death 11.Election to tax under Sec.9113(A) (Attach Schedule O) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number, JAMES D BOGAR (717)c7,z37 871 r rM REGISTEr%0P- 1VLS l Sf�E ONLY a r71 First Line of Address ob ONE WEST MAIN STREET Second Line of Address CJ t;_ h r— 1'17 • C� CJS G7 DATE FILES -71 City or Post Office State ZIP Code SHIREMANSTOWN PA 17011 Correspondent's e-mail address: jibogar(cabogarlaw.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.D claration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATOR PERSON R/ESP IBLE R FILING RETURN DATE /�, Ann L. Parkins ADDRESS 111 Chester Road. Enola PA 17025 SIGNA E 0 PREP THER THAN REPRESENTATIVE DATE 7 James D. Bogar I(, ADDRESS One West Main St et, Shiremanstown, PA 17011 Side 1 L 1505610143 1505610143 J 1505610243 REV-1500 EX 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&Notes Receivable(Schedule D)........................................................ 4. 5. Cash,Bank Deposits&Miscellaneous Personal Property(Schedule E)............... 5. 33 , 734 . 87 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested............ 6. 91 . 62 7. Inter-Vivos Transfers&Miscellaneous Ikon;Probate Property (Schedule G) u Separate Billing Requested............ 7. 16, 958 . 20 8. Total Gross Assets(total Lines 1 through 7)........................................................ 8. 50 , 784 . 69 9. Funeral Expenses and Administrative Costs(Schedule H).................................... 9. 7f279. 60 10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule 1)............................ 10. 11. Total Deductions(total Lines 9 and 10)................................................................ 11. 7 ,279 . 60 12. Net Value of Estate(Line 8 minus Line 11).......................................................... 12. 43,505 . 09 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. 43r505 . 09 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. 0 . 00 16. Amount of Line 14 taxable 43 ,505 . 09 16. 1, 957 . 73 at lineal rate X .045 17. Amount of Line 14 taxable at sibling rate X.12 0 . 00 17. 0 . 00 18. Amount of Line 14 taxable at collateral rate X.15 0 . 00 18. 0 . 00 19. TAX DUE................................................................................................................ 19. 1, 957 . 73 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. ❑X S Side 2 L 1505610243 1505610243 J REV-1500 EX Page 3 File Number 21-66-0336 Decedent's Complete Address: DECEDENT'S NAME Lowdermilk, Nevin W. STREETADDRESS 2100 Bent Creek Boulevard, Suite 150 CITY STATE ZIP Mechanicsburg PA 17050 Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) 1,957.73 2. Credits/Payments A. Prior Payments 1,924.35 B. Discount 97.89 Total Credits(A +B) (2) 2,022.24 3. Interest (3) 4. If Line 2 is greater than Line 1 +Line 3,enter the difference. This is the OVERPAYMENT. (4) 64.51 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) 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;............................................................................... ❑ ❑x b. retain the right to designate who shall use the property transferred or its income;.................................. ❑ ❑x c. retain a reversionary interest;or............................................................................................................... ❑ 0 d. receive the promise for life of either payments,benefits or care?............................................................ ❑ ❑x 2. If death occurred after Dec. 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration?.................................................................................................................... ❑ 0 3. Did decedent own an"in trust for' or payable upon death bank account or security at his or her death?....... ❑ ❑x 4. Did decedent own an individual retirement account,annuity,or other non-probate property which contains a beneficiary designation?.................................................................................................................. ❑x ❑ 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 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(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-1508 EX+(11-10) SCHEDULE E pennsylvania CASH, BANK DEPOSITS, & MISC. DEPARTMENT OF REVENUE INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Lowdermilk, Nevin W. 21-66-0336 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 VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Santander-Savings Account No. 1261813448. 86.41 2 Santander -Money Market Account No.2334088781. Principal balance at date of death 33,648.46 $33,643.62;accrued interest$4.84. TOTAL(Also enter on Line 5, Recapitulation) 33,734.87 (If more space is needed,additional pages of the same size) Copyright(c)2010 form software only The Lackner Group, Inc. Form PA-1500 Schedule E(Rev. 11-10) 40 SantaII nder'� Court Order Processing Decedents- NMI-MB3-02-10 P.O.Box 841005 Boston,MA 02284 April 14, 2014 James D. Bogar Attorney at Law One West Main Street Shiremanstown, PA 17011 RE: Estate of Nevin W. Lowdermilk, Sr. Date of Death: March 22, 2014 Dear Mr. Bogar: 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. There was no safe deposit box on file. Please feel free to contact me if I can be of any further assistance. Ve truly yours, Linda Spavento Team Leader 617-514-5189 Santander ESTATE OF Nevin W Lowdermilk SOCIAL SECURITY#: DATE OF DEATH: March 22, 2014 Account 0571120733 Type: Checking Open date: 9/1/1984_ In the name of. Nevin W Lowdermilk or Mary E Lowdermilk or Ann L Parkins Date of Death Balance: $183.23 Int.(YTD) from 1/1/2014 to 3/4/2014 $0.03 Accrued interest to date of death: $0.00 Other Info: Account#: 1261813448 Type: Checking_ Open date: 7/23/2010 In the name of: Nevin W Lowdermilk, Ann L Parkins Guardian Date of Death Balance: $86.41 Int.(YTD) from - 1/1/14/ to 3/22/2014 $0.00 Accrued interest to date of death: $0.00 Other Info: Account#: 2334088781 Type: Money Market Open date: 6/6/2011 In the name of. Nevin W Lowdermilk or Mary E Lowdermilk(Ann L Parkins POA) Date of Death Balance: $33,643.62 Int.(YTD) from 1/1/2014 —to 3/4/2014 $24.62 Accrued interest to date of death: $4.84 — Other Info: Page 1 of 1 Rev-1509 EX+(01-10) pennsylvania SCHEDULE F DEPARTMENT OF REVENUE JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Lowdermilk, Nevin W. 21-66-0336 If an asset was made joint within one year of the decedent's date of death,it must be reported on schedule G. SURVIVING JOINT TENANT(S)NAME ADDRESS RELATIONSHIP TO DECEDENT A. Ann L. Parkins 111 Chester Road Daughter Enola, PA 17025 B. C. JOINTLY OWNED PROPERTY: DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM DATEFOR JTOINT MADE ER (NUMBER OR IMILARNCLUDE NAME OF nIDENTIFYING ANCIAL (TUTION AND BANK NUMB R.ATTACH DEED OUNTFOR DATE OF DEATH DECD'$ DECE DENT'SINTEREST VALUE OF NUMBER TENANT JOINT JOINTLY-HELD REAL ESTATE. VALUE OF ASSE INTEREST 1 A Santander-Checking Account No. 183.23 50.000% 91.62 0571120733. This account was jointly owned with Ann L. Parkins,the Decedent's daughter. mary E. Lowdermilk,the Decedent's spouse, who is also listed as a co-owner,died April 7, 2012. TOTAL(Also enter on Line 6, Recapitulation) 91.62 (If more space is needed,additional pages of the same size) Copyright(c)2010 form software only The Lackner Group,Inc. Form PA-1500 Schedule F(Rev.01-10) Santander- Court "Court Order Processing\Decedents- MAI-MB3-02-10 - P.O.Box 841005 - Boston,MA 02284 April 14, 2014 James D. Bogar Attorney at Law One West Main Street Shiremanstown, PA 17011 5 RE: Estate of Nevin W. Lowdermilk, Sr. Date of Death: March 22, 2014 5 E Dear Mr. Bogar: 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. There was no safe deposit box on file. C Please feel free to contact me if I can be of any further assistance. n Very truly yours, 4 z _ Linda Spavento Team Leader 5 617-514-5189 s m V O 3 Z 3 5 x i Santander . ESTATE OF Nevin W Lowdermilk SOCIAL SECURITY#: DATE OF DEATH: March 22, 2014 Account#: 0571120733 Type: Checking Open date: 9/1/1984 In the name of. Nevin W Lowdermilk or Mary E Lowdermilk or Ann L Parkins Date of Death Balance: $18323 Int.(YTD) from 1/1/2014 to 3/4/2014 $0.03 Accrued interest to date of death: $0.00 Other Info: Account#: 1261813448 Type: Checking Open date: 7/23/2010 In the name of: Nevin W Lowdermilk,Ann L Parkins Guardian Date of Death Balance: $86.41 Int.(YTD) from 1/1/14/ to 3/22/2014 $0.00 Accrued interest to date of death: $0.00 Other Info: Account#: 2334088781 Type: Money Market Open date: 6/6/2011 In the name of. Nevin W Lowdermilk or Mary E Lowdermilk(Ann L Parkins POA) Date of Death Balance: $33,643.62 Int.(YTD) from 1/1/2014 to 3/4/2014 $24.62 Accrued interest to date of death: $4.84 Other info: Page 1 of 1 Rev-1510 EX+(08-09) SCHEDULE G pennsylvania INTER-VIVOS TRANSFERS AND DEPARTMENT OF REVENUE �A /► INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Lowdermilk, Nevin W. 21-66-0336 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. ITEM DESCRIPTION OF PROPERTY DATE OF DEATH % DECO'S EXCLUSION TAXABLE NUMBER THE DA E OF TRANSOF FER.SFEREE THEIR ATTACH A COPY OF THE DEED OR HIP TO REAL ESTATE. VALUE OF ASSET EDENT AND INTEREST (IF APPLICABLE) VALUE 1 American General Life Insurance Company-Annuity 16.958.20 16,958.20 No. BX205983. The Decedent's three(3)children are the named beneficiaries of this account. TOTAL(Also enter on Line 7,Recapitulation) 16,958.20 (If more space is needed,additional pages of the same size) Copyright(c)2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule G(Rev.08-09) American General Life Insurance Company The United States Life Insurance Company in the City of New York June 16, 2014. JAMES D BOGAR ATTORNEY AT LAW I W MAIN ST SIREMANSTOWN PA 17011 Re: Annuity Contract#BX205983 Dear Mr. Bogar: The Internal Revenue Service (IRS)requires reporting of all death benefits for federal estate tax purposes. As this contract is an annuity,IRS Form 712 is not applicable and will not be issued by American General Life Companies. Listed below is the death benefit information for this contract. Contlract Number � X2D5983 Type of Annuity Contract: (Single Premium Non-Qualified Tax Deferred Annuity Date of Issue: May 22, 2003 Contract Owner's Name (s). Nevin W. Lowdermilk Accumulated Value as of $16,958.20—principal: $12,252.15; Interest: $4,706.05 Date of Death on 03/22/14: Total Death Benefit as of $17,076.72 06-16-2014 Proceeds to be made payable Nevin W. Lowdermilk, Jr., Ann Parkins, &Lois Young to Beneficiaries: Mr. Bogar, we appreciate the opportunity to assist you. Should you have any questions,please contact our Client Care Center at 1-800-424-4990. Sincerely, Ramona Giromini Annuity Claims Department Annuity Service Center• P.O. Box 871 •Amarillo,TX 79105-0871 Administrator for Renaissance Life&Health Insurance Company of America Administrator for John Alden Life Insurance Company LH-AGL/USL REV-1511 EX+(10-09) SCHEDULE H pennsylvania DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RESIDENT DECEDNTTURN ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Lowdermilk, Nevin W. 121-66-0336 Decedent's debts must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER A. FUNERAL EXPENSES: See continuation schedule(s)attached 1,837.29 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Street Address City State ZiD Year(s)Commission Paid 2. Attorney's Fees Bogar& Hipp Law Offices 4,200.00 3. Family Exemption: (If decedent's address is not the same as claimant's,attach explanation) Claimant Street Address City State Zip RelationshiD of Claimant to Decedent 4. Probate Fees 188.50 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 1,053.81 See continuation schedule(s)attached TOTAL(Also enter on line 9, Recapitulation) 7,279.60 Copyright(c)2009 form software only The Lackner Group,Inc. Form PA-1500 Schedule H(Rev. 10-09) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Lowdermilk, Nevin W. 21-66-0336 ITEM NUMBER DESCRIPTION AMOUNT Funeral Expenses 1 Auer Cremation Service-fee for Death Certificates 90.00 2 Bullfrog Brewery-funeral luncheon 200.42 3 Patriot News-obituary 151.87 4 Sanders Mortuary 495.00 5 Wildwood Cemetery-interment fee 900.00 H-A 1,837.29 Other Administrative Costs 6 Alert Pharmacy Service 18.81 7 Register of Wills-fee for Short Certificates 15.00 8 RESERVES:-Costs to conclude administration of estate,including preparation and filing of 1,000.00 final Personal Income Tax Returns and Fiduciary Income Tax Returns 9 Santander-fee for date of death valuations 20.00 H-B7 1,053.81 Copyright(c)2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H(Rev.6-98) REV-1513 EX+(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE INHERITANCE TAX RETURN BENEFICIARIES RESIDENT DECEDENT ESTATE OF FILE NUMBER Lowdermilk, Nevin W. 21-66-0336 NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE NUMBER PERSON(S)RECEIVING PROPERTY DECEDENT (Words) ($$$) Do Not List ee I TAXABLE DISTRIBUTIONS [include outright spousal • distributions,and transfers under Sec.9116(a)(1.2)] Nevin E.Lowdermilk,Jr. Son One-third of rest, Deceased -6/16/14 residue and remainder Ann L. Parkins Daughter One-third of rest, 111 Chester Road residue and Enola, PA 17025 remainder Lois E.Young Daughter One-third of rest, 941 South Mountain Road residue and Dillsburg, PA 17019 remainder Total Enter dollar amounts for distributions shown above on lines 15 through 18 on Rev 1500 cover sheet as appiopriate. NON-TAXABLE DISTRIBUTIONS: II. A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET Copyright(c)2010 form software only The Lackner Group, Inc. Form PA-1500 Schedule J(Rev.01-10) LAST WILL AND TESTAMENT OF NEVIN W. LOWDERMILK I , NEVIN W. .LOWDERMILK, of Mechanicsburg, 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, to my children, NEVIN W. LOWDERMILK, JR. , ANN L. PARKINS and LOIS E . YOUNG, provided that should any of my children predecease me, I give and bequeath such child' s share unto his or her issue per stirpes by representation, and if there be a failure of same, then I give and bequeath such deceased child' s share to my surviving children t as provided herein. SECOND: 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 . THIRD : 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 . 2 FOURTH: 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. FIFTH: I nominate and appoint my daughter, ANN L. PARKINS, 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 ANN L. PARKINS, I nominate and appoint my daughter, LOIS E. YOUNG, Executrix of this, my Last Will and Testament . I direct that my Executrix, and their successors, as the case may be, 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 m hand and seal to .this, my Last Will and Testament, t is I/ day of 2012 . -W _ (SEAL) NEVIN W. LOWDERMILK 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