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HomeMy WebLinkAbout04-28-05 . REV-1~00EX. (6-00) CAPB HpRL EplO CRAC KOTK ES C P o 0 R N R 0 E E S N T C o M T ~ A T X A T I o N REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER o E C E o E N T COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG. PA 17128-0601 DECEDENT'S NAME (LAST. FIRST. AND MIDDLE INITIAL) tJl\?O OFFICIAL USE ONL Y 21-05-0288 YEAR NUMBER COUNTY CODE SOCIAL SECURITY NUMBER JARRETT RAYMOND S. DATE OF DEATH (MM-DD-YEAR) 182-32-0152 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER X 1. Original Return 4. Limited Estate X 6. Decedent Died Testate 2. Supplemental Return 4a. Future Interest Compromise (date of death after 12-12-82) 7. Decedent Maintained a Living Trust 3. (date of death . Remamder Return prior to 12-13-82) 5. Federal Estate Tax Return Required 8. Total Number of Safe Deposit Boxes (Attach copy of Will) (Attach copy of Trust) D 9. Litigation Proceeds Received D 10. Spousal Poverty Credit D 11. Election to tax under Sec. 9113(A) (date of death between 12-31-91 and 1-1-95) (Attach Sch 0) 1"HIS.SE'c....'ON.Ml.Is.....aE'.CoMpliE'"I"E'pi...ALtCQaaESPPNPENCEa.CPNFIDlON"I"I.Ii'TA)c'INFORMATIClNSHOI.IU).BE'DIFlEcteb'TO:... NAME COMPLETE MAILING ADDRESS Copyright (c) 2000 form software only The Lackner Group, Inc. Dou 1as G. Miller Es . FIRM NAME (If Applicable) IRWIN & McKNIGHT TELEPHONE NUMBER 60 West Pomfret Street West Pomfret Professional Bldg. Carlisle, PA 17013 R E C A P I T U L A T I o N 17 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation. Partnership or Sole-Proprietorship 4. Mortgages & Notes Receivable (Schedule D) 5. Cash. Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) D Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 10. Debts of Decedent, Mortgage Liabilities. & Liens (Schedule I) (10) 11. Total Deductions (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) 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) (1) (2) (3) None None None ~""") (8) 21,634.54 (11) 4.110.00 (12) 17,524.54 (13) (14) 17,524.54 (15) (16) (17) (18) (19) 0.00 788.60 0.00 0.00 788.60 (4) (5) None 10,000.00 (6) 11,634.54 None 4,110.00 None SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate. or transfers under Sec. 9116(a)(1.2) 16. Amount of Line 14 taxable at lineal rate 17. Amount of Line 14 taxable at sibling rate 18. Amount of Line 14 taxable at collateral rate 19. Tax Due 0.00 17,524.54 0.00 0.00 x X X X .0 0 .045 .12 .15 ) Fmm REV-1500 EX (Rev. 6-00) .'j Decedent's Complete Address: . STREET ADDRESS Chapel Pointe at Carlisle 770 S. Hanover Street CITY I STATE I ZIP 17013 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) 788.60 Total Credits ( A + B + C) (2) 0.00 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty ( D + E) (3) 4. If line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 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) A. Enter the interest on the tax due. (SA) B. Enter the total of Line 5 + SA. This is the BALANCE DUE. (5B) Make Check Payable to: REGISTER OF WILLS, AGENT ,.~!: "i~:I,~~I~li~~~~I~~'~II~~~i"~[~~R~I::'.i'i'" 0.00 0.00 788.60 0.00 788.60 ....,."":'.I.~lt"~~~~II~~~~~~II~~~.I~i~tt~!i~i~'..~~:~~~i~I~lgll~~li~t~~i"~.~il~i' 1. Did decedent make a transfer and: a. retain the use or income of the property transferred; . 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 w~hout receiving adequate consideration? . . . . . . . 3. Did decedent own an "in 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? . . . IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Yes No ~~ o o o ~ ~ ~ Under penalties of perjury ,I declare that I have examined this return, lncludlng 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. Ruth E. Jarrett _ _ n _ ?5~~!=!>Jl.'?~!1_t: _ I?~_i. ~~_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ Mechanicsbur , PA 17055 IRWIN & McKNIGHT 60 West Pomfret Street ----------------------------------------------------- Carlisle, PA 17013 DATE LfldwlD5 DATE' 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. 9116 (a) (11) (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. 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 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. 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%, except as noted in 72 P. S. 9116( 1.2) [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% [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. Copyright (c) 2000 form software only The Lackner Group, Inc. Fo'm RE\I-1S00 EX (Rev. 6-00) REV- 1508 EX. (1 -97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF RAYMOND S. JARRETT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY SS11 182-32-0152 12/25/2004 FILE NUMBER 21-05-0288 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 1 DESCRIPTION Specific Bequest - Under the Will of Andrew W. Breen VALUE AT DATE OF DEATH 10,000.00 TOTAL (Also enter on line 5, Recapitulation) $ 10,000.00 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems. Inc. Form REV-150S EX (Rev. 1-97) REV-1509 EX. (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF RAYMOND S. JARRETT SCHEDULE F JOINTL V-OWNED PROPERTY SSjf 182-32-0152 12/25/2004 FILE NUMBER 21-05-0288 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. A. SURVIVING JOINT TENANT(S) NAME Ruth E. Jarrett ADDRESS 73 Southpoint Drive Mechanicsburg, PA 17055 RELATIONSHIP TO DECEDENT Daughter B. c. JOINTLY-OWNED PROPERTY: LETTER DATE DESCRIPTION OF PROPERTY % OF DATE OF DEATH ITEM FOR JOINT MADE Include name of financial institution and bank DATE OF DEATH DECD'S VALUE OF account number or similar identifying number. NUMBER TENANT JOINT Attach deed for jointly-held real estate. VALUE OF ASSET INTEREST DECEDENT'S INTEREST 1 250 shares CNL/Benkovich & 4,300.00 50.00% 2,150.00 Associates - 99872791338 1 048 2 M&T Bank - Checking Account 1,448.79 50.00% 724.40 - 447692 3 M&T Bank - Checking Account 42.00 50.00% 21.00 - 529761 4 514.838 Shares/Benkovich & 9,951.82 50.00% 4,975.91 Associates - Mutual Fund 01037865080 7 002 5 941. 25 Shares/Benkovich & 4,518.24 50.00% 2,259.12 Associates - Mutual Fund 01247865080 2 002 6 600.442 Shares/Benkovich & 3,008.21 50.00% 1,504.11 Associates - Mutual Fund 01947865080 7 002 TOTAL (Also enter on line 6, Recapitulation) $ 11,634.54 (It more space is needed insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1509 EX (Rev. 1-971 REV.1511 EX '(1.97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF RAYMOND S. JARRETT SSIf 182-32-0152 FILE NUMBER 21-05-0288 12/25/2004 Debts of decedent must be reported on Schedule I. ITEM NUMBER A. B. 1. 2. 3. 4. DESCRIPTION AMOUNT 1 FUNERAL EXPENSES: Funeral - Expenses 1,268.00 2 Funeral - Opening of Grave 375.00 3 Hoffman-Roth Funeral Home 608.00 ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s) I EIN Number of Personal Representative(s) Street Address City State Zip Year(s) Commission Paid: Attorney's Fees IRWIN & McKNIGHT 1,500.00 Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City Relationship of Claimant to Decedent State Zip 5. Accountant's Fees Probate Fees Register of Wills 79.00 6. 7. 1 Tax Return Preparer's Fees 250.00 Other Administrative Costs Register of Wills - Filing Fee 30.00 TOTAL (Also enter on line 9, Recapitulation) $ 4,110.00 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1511 EX (Rev. 1-97) REV-1513 EX. (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF RAYMOND S. JARRETT 55f! 182-32-0152 12/25/2004 NUMBER I. NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116(a)( 1.2) J RELATIONSHIP TO DECEDENT Do Not List Trustee(s) 1 Ruth E. Jarrett 73 5outhpoint Drive Mechanicsburg, PA 17055 Daughter FILE NUMBER 21-05-0288 AMOUNT OR SHARE OF ESTATE Remainder ENTER DOLLAR AMTS. FOR DISTRIBUTIONS SHOWN ABOVE ON LN. 15 THRU 18, AS APPROPRIATE, ON REV 1500 COVER SHEET II. NON- TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SEC. 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 $ (If more space is needed, insert additional sheets of the same size) Copyright (c) 2000 form software only The Lackner Group, Inc. 0.00 Form REV-1513 EX (Rev. 9-00) ", """"'~--'-'---' LAST WILL AND TESTAMENT OF RAYMOND S. ,JARHETT T, RAYMOND S. JARRETT, of 770 South Hanover Street, in the Borough of Carlisle, Cumberland County, Pennsylvania, being oj' sound and disposing mind. n1emory. and understanding, do hereby nHike, publish, and declare this as and for my last Will and Testament, hereby revoking and making void any and all Wills by me at any time heretofore made. 1. I direct my hereinafter named Executrix to pay all of my just debts and funeral expenses as soon after my death as may be found convenient to do so. 2. All the rest, residue, and remainder of my estate, real, personal, and mixed, and wheresoever lite same may be situate, I give, devise, and bequeath to my wife, Ruth G. ,J arrett, her heirs and assigns to the exclusion of my children born and unborn, provided my said wife shall sur'\"ive me by a period of ninety (aD) days. 3. Should my said wife, Huth G. Jarrett., predecease me or fail t.o survive me by the aforesaid period of ninety (90) dnys, t.hen in such event all the rest, residuc>, and remainder of D1Y estate) real. personal and nlixed and wheresoever the same may be sitllate, I give, devis(', and bequeath to my cbughter, Rllth E. Jarrett, her heirs and assigns. 4. I hereby nominate, constitllte, and appoint, my said wife, Ruth G. ,Jarrett, as Executrix of this m.v last Will and Testam('nt, but should sh(' predf'eease 111(' or fail to qualify tllcn in such event I nominate. constitute and appoint my daughter, Ruth E. ,J arrett as alternate or successor Ex('cutrix and I further direct that neither of them shall be required to post any bond to I secure the faithful performance of her duties in the Commonwealth of Pennsyl-I vania or in any other jl11'isdiction. Page 1 of 2 page~; ._---,-._-'~-.....--~--.,.~----~._._-,~_._------ .' ",~,,,,,-,.",,.,,, ...._.,""'.,-~~_.".""-~~.......-'-"~.-..._....,---,,._~-..... IN WITNESS WHEREOF, I have hereunto set my hand and seal to this my last Will and Testament, consisting of two pages, this d~-~ day of r~-L-,.->-- 1976. ,,' .I ./? ~';".)i .y /-/ ' ! '._ / ; /-:,.( .." ,~:..r.( ,','('l,t Raymond S. J ?,rr'ett ., ;:--r(SEAL) l,,," Signed, sealed, published, and declared by RAYMOND S. JARRETT, the Testator above named, 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 subscribed our names as attesting witnesses. l.~} . 1 ;---) ) '_i ....'v_.-1 ~, ....., 1-, f /,1:/ , j r .:? Pt ,'.". r " ;;A, Lee" (l Ll/.o. ,_./ . \ I ; ..J. ./ /) i' . C" . /. - ( ,I il. i ,.") t "j.> ?',. -__/ , . l:<- ,...t ~L t. , \ Feb 24 05 11:18a p.2 499 Mitchell Road MiIIsboro. DE 19966 Mail code DE-MB-J2 Phone: 888-502-4349 Fax: 302-934.2955 I r! M&TBank I Fax To: Bany From: Nancy Clagett Mechanicsburg PA Branch Fax: 717-691-3197 Date: January 11, 2005 Re: Estate of: Raymond S Jarrett Social Security: 182-32-0152 Date of Death: December 25, 2004 Dear Barry, Per your inquiry dated December 25, 2004, please be advised that at the time of death, the above- named decedent had on deposit with this bank the following: Type of Account Checking Account Account Number 447692 Ownership (Names of) Opening Date Ruth E Jarrett, Raymond S Jarrett 9/1/67 Total $1,448,79 $ 0.00 $1,448,79 Balance on Date of Death Accrued Interest Type of Account Checking Account Account Number 529761 Ownership (Names of) Ruth E Jarrett, Raymond S Jarrett Opening Date 4/1/76 Closed 12/31/04 Total $ 42,00 $ 0,00 $ 42,00 Balance on Date of Death Accrued Interest Have a great day! Nancy Clagett @ Records Department A financial advisory practice F~bruary 17.2005 ,.....,~~ r".' .............../? r.......:;../.l~. \\.7 .]~. 'I'U'.. 11",1. " \.". j I' I , l (" . ~ "~ \ "..'? 1.,~'7J "'\$, }. j,:". d....j~~ . 'AIl _ ' i w. ~;' , \ ~.", Mr. Douglas G. Miller Irwin & McKnight 60 West Pomfret Street Carlisle, PA 17013-3222 ,t "\ Re: Estate of Raymond S. Jarrett Dear Mr. Miller: " I received your letter dated February 15,2005 requesting information of the accounts of the dec~d~nt, Raymond S. Jarrett. Account Information Mutual Funds Account Number 010378650807002 01247865080 2 002 019478650807002 Ownership Joint Tenancy With Right Of Survivorship Joint Tenancy With Right Of Survivorship Joint Tenancy With Right Of Survivorship CNL Account Number 99872791338 1048 Ownership Joint Tenancy With Right Of Survivorship The values of these accounts as of 12/25/2004 are as follows: Mutual Funds Account Number 010378650807002 012478650802002 019478650807002 Total Value $995l.82 $4518.24 $3008.21 # of shares 514.838 941.250 600.442 CNL Account Number 99872791338 ! 048 Total Value $4300.00 # of shares 250 The date of death values provided are for estate tax purposes only. Asset Value Per Share 19.330 4.800 5.010 Asset Value Per Share 17.20 :") Jack Benkovich. CFP@ Senior Financial Advisor CERTIFIED FINANCIAL PLANNERâ„¢ practitioner Thomas F. Benkovich, CFP@. ChFC,CFS Senior Financial Advisor CERTIFIED FINANCIAL PLANNERâ„¢ practitioner Kevin Pressmann. ChFC Associate Financial Advisor American Express Financial Advisors Inc. IDS Life Insurance Company Westwood Center 4661 Trindfe Road Camp Hill, PA 17011 Bus: 717.761.4208 Fax 717.761.6282 john .a.benkovich@aexp.com thomas. f.benkovich@aexp.com wi II iam .k. pressmann@aexp.com American Express Financial Advisors Inc. Member NASD. An AEFA associated financial advisor franchise. fnsurance and annuities are issued by fDS Life Insurance Company, an American Express company. American Express Company is separate from American Express Financial Advisors Inc. and is not a broker-dealer. Dee, 30 2004 03:30PM P3 LAST WILL AND TESTAMENT OF AN!:.~~R~.:._BREEN I, ANDREW W. :BREEN-,' a resident -of-the' Town'ship 'of" ElizabetP. County of Allegheny and Commonwealth of Pennsylvania. being of Bound and disposing mind Bnd memory. do hereby publish and decla~e this to be my Last Will and Testament. hereby revoking any and all former Wille by me made. FIRST: --- I direct my Executor to pay from my estate all my just debts. expenses of my last illness and funeral as soon as may be convenient after my death. SECOND: I give and bequeath the sum of TEN THOUSAND ($10.000.00) DOLLARS to my friend, REVEREND RAYMOND S. JARRETT, presently of 607 Copper Circle. CarliSle. PA 17013, if he survives me; otherwise this gift is extinguished snd void. !HIRD: I give and bequeath the sum of TEN THOUSAND ($10,000.00) DOLLARS and sny auto~obile which I ~BY own at tbe ~ime of my death to my late wife's cousin. KENNETH GRANGER. presently of 5148 Baptist Road. Pittsburgh. PA 15236. if he survives me. otherwise ~hese gifts are extinguished and void. -!3PM : PLUI'1ZPLUt1 FAX NO, :412 754 1223 Dec, 30 2004 03: 31PI1 P4 -----.....--..-. ~ - . - .-.--------"'-...-.-,-........." FOURTH: ----- I gi~e and bequeBth the sum of TEN THOUSAND ($10,000.00) DOLLARS to my late wife's cousin. BERNIECE MELLON, if she survives me. otherwise this gift is extinguished and void. FIFTH: ---- I give and bequeath the sum of FIVE THOUSAND ($5,000.00) DOLLARS each to LOR! MILLER, SARA JEAN MILLER and ~~sA~ M~LLER. daughters of my nephew, Thomas H. Miller. presently of Glendale. Arizona. SIX: I give and bequeath the Bum of TEN THOUSAND ($10.000.00) DOLLARS to MT. VERNON COMMUNITY UNITED PRESBYTERIAN CHURCH. of Elizabeth Township. Allegheny County. Pennsylvania. SEVENTH: ------ I give and bequeath the sum of TWENTY-FIVE THOUSAND ($25,000.00) DOLLARS to my nephew, THOMAS H. MILLER and VERONICA MILLER, his wife. presently of 5136 West Mauna Loa, Glendale, Ari~ona 85306. EIGHT~: All the rest, residue and remainder of my estate, of whatsoever kind and wheresoever situate, I give, devise and bequeath to PITTSBURGH THEOLOGICAL SEMINARY. 616 N. Highland Avenue. P~ttsburgh. Pennsylvania. NINTH: --- r name and appoint THE UNION MATIONAL BANK OF PITTSBURGH as Executor of this my Last Will and Testament. - 2 - FRor'1 : PLUI-1&PLUM FAX NO. :412 754 1223 Dec. 30 2004 03:31PM P5 ,,~.J~"~>, ...'_,-........_"'.._ ".....................--'...'~,."';....,.' "'., IN WITNESS WHEREOF, !, ANDREW W. BREEN, have hereun~o Bet my hand and seal this ~~ day of __~L~_______' 1991. ~_~~SEAL) Andrew W. Breen SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testator, ANDREW W. BREEN, as and for his Last Will and- Testament. in the presence of us, who, at his request. in his presence Bnd in the presence of each other. have hereunto subscr~bed our names as witnesses. -f4-~7J-/ ~-------- ADDRESS-!(~~~___ _~ __ _in.3 L___ - 3 -