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HomeMy WebLinkAbout04-22-15 J Pennsylvania 1505618403 DEPARTMENT OF REVEN `�X(03-14) REV-1500 OFFICIAL USE ONLY County Code Year File Number Bureau of Individual Taxes PO BOX 280601 INHERITANCE TAX RETURN Harrisburg, PA 17128-0601 RESIDENT DECEDENT 21 14 1059 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 10 13 2014 02 04 1951 Decedent's Last Name Suffix Decedent's First Name MI LANSHE MARGARET M (If Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW R1. Original Return 2. Supplemental Return 3. Remainder Return(date of death prior to 12-13-82) El4. Agricultural Exemption(date of 5. Future Interest Compromise(date of 6. Federal Estate Tax Return Required death on or after 7-1-2012) death after 12-12-82) ❑X 7. Decedent Died Testate ❑R 8. Decedent Maintained a Living Trust 0 9. Total Number of Safe Deposit Boxes (Attach copy of will) (Attach copy of trust.) 10. Litigation Proceeds Received 11. Non-Probate Transferee Return 12. Deferral/Election of Spousal Trusts (Schedule F and G Assets Only) ❑ 13. Business Assets 14. Spouse is Sole Beneficiary (No trust involved) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number GARY L JAMES ESQ 717 533 3280 First Line of Address 134 SIPE AVENUE Second Line of Address City or Post Office State ZIP Code HUMMELSTOWN PA 17036 Correspondent's email address: gliPisdc.com En u rM REGISTff1110" ILLS USnNLYW- fTl co ;10 REGISTER OF WILLS USE ONLY r' rv " DATE FILED MMDDYYYY ' y (V ) C:3 :3 1 rV r"'" tT1 DATE FILED STAMP r 0 CT) 'T1 Side 1 I IIIIII ILII VIII IIII IIID VIII VIII VIII VIII����II I III 1505618403 1505618403 1505618411 REV-1500 EX Decedent's Social Security Number Decedent's Name: Lanshe, Margaret M. 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. 8 -,846 - 60 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested............ 6. 71343 - 67 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property (Schedule G) ❑ Separate Billing Requested............ 7. 9181560 . 61 8. Total Gross Assets(total Lines 1 through 7)........................................................ 8. 9341750 . 88 9. Funeral Expenses and Administrative Costs(Schedule H).................................... 9. 43,191 • 87 10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule 1)............................ 10. 21,4 2 7 • 71 11. Total Deductions(total Lines 9 and 10)................................................................ 11. 641619 • 58 12. Net Value of Estate(Line 8 minus Line 11).......................................................... 12. 870 ,131 • 30 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. 8711-,131 . 30 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.00 15. 0 . 00 16. Amount of Line 14 taxable at lineal rate X .045 870,131 - 30 16. 391l55 - 91 17. Amount of Line 14 taxable at sibling rate X.12 0 . 0 0 17. 0 . 1111 18. Amount of Line 14 taxable at collateral rate X.15 0 . 00 18. 11 - 00 19. TAX DUE................................................................................................................ 19. 39-,155 - 91 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Under penalties of perjury,I declare 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 person responsible for filing the return is based on all information of which preparer has any knowliadge. SIGN F P SPONSIBLE FOR FILING RETURN Gary L.James Esq. DATE ADDRESS 134 Sill4e A nue, ummelstown, PA 17036 SIGN PR THAN VE Gary L.James Esq. c - QATE` ADDRESS 134 Sipe I vdueLHu elstown, PA 17036 Side 2 1505618411 1505618411 REV-1500 EX Page 3 File Number 21-14-1059 Decedent's Complete Address: DECEDENT'S NAME Lanshe, Margaret M. STREET ADDRESS 421 Cherokee Drive CITY STATE ZIP Mechanicsburg PA 17050 Tax Payments and Credits: 1. Tax Due(Page 2, Line 19) (1) 39,155.91 2. Credits/Payments A. Prior Payments 37,000.00 B. Discount 1,947.37 Total Credits(A +B) (2) 38,947.37 3. Interest (3) 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) 208,554 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............................................................................................................... ❑x ❑ 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?.................................................................................................................... ❑ 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 step-parent 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+(08-12) SCHEDULE E pennsylvania CASH, BANK DEPOSITS, & MISC. DEPARTMENT OF REVENUE PERSONAL PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Lanshe, Margaret M. 21-14-1059 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 Members 1st Checking Account#421335-11 -valued per letter dated November 21,2014 100.00 2 Members 1st Regular Savings Account#421335-00-valued per letter dated November 21, 298.14 2014 Accrued interest on Item 2 through date of death 0.01 3 Metro Bank Checking Account#2844130209-valued per letter dated November 24,2014 1,950.03 Accrued interest on Item 3 through date of death 0.03 4 Metro Bank Checking Account#833435522-valued per letter dated November 24,2014 1,408.14 Accrued interest on Item 4 through date of death 0.25 5 2003 Chrysler Town and Country-valued per Kelly Blue Book 1.960.00 6 Personal Property 2,500.00 7 Highmark Health Insurance-refund 630.00 TOTAL(Also enter on Line 5, Recapitulation) 8,846.60 (If more space is needed,additional pages of the same size) Copyright(c)2012 form software only The Lackner Group, Inc. Form PA-1500 Schedule E(Rev.08-12) Rev-1509 EX+(01-10) pennsylvania SCHEDULE F DEPARTMENT OF REVENUE JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Lanshe, Margaret M. 21-14-1059 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. Julian D. Roth 421 Cherokee Drive Son Mechanicsburg, PA 17050 B. C. JOINTLY OWNED PROPERTY: DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM LETTER DATE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT DATE OF DEATH DECD'S DECEDVALUE OF ENT'S INTEREST NUMBER FOR JOINT MADE NUMBER OR SIMILAR IDENTIFYING NUMBER.ATTACH DEED FOR VALUEOFASSE1 INTEREST TENANT JOINT JOINTLY-HELD REAL ESTATE. 1 A 08/19/2013 2012 Subaru Imprezza-valued per Kelley 14,525.00 50.000% 7,262.50 blue book 2 A 01/24/2014 Metro Bank Checking Account#2833069040- 162.34 50.000% 81.17 valued per letter dated November 24,2014 TOTAL(Also enter on Line 6, Recapitulation) 7,343.67 (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) Rev-1510 EX+(08-09) SCHEDULE G pennsylvania INTER-VIVOS TRANSFERS AND DEPARTMENT OF REVENUE INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Lanshe, Margaret M. 21-14-1059 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 %OF DECD'S EXCLUSION TAXABLE NUMBER THE DATE OF TRANSFERS ATTACH A COE THEIRPY OF THE DEED OR REAL ESTATE. VALUE OF ASSET ELATIONSHIP TO DECEDENT AND INTEREST (IF APPLICABLE) VALUE 1 John Hancock Life Insurance Company Individual 274,732.82 274,732.82 Retirement Account#00002746633-valued per letter dated November 12,2014; beneficiary is Margaret M. Lanshe Living Trust dated March 7,2003 2 204.205 units of American Funds Growth Fund Class 8,684.84 8,684.84 F-1 -titled in the Margaret M. Lanshe Living Trust dated March 7,2003; held in the NPC brokerage account#4NR-035169;valued per letter dated November 12,2014 and public listing 3 3,500 units of Blackrock Muniyield PA Insd Com - 49,525.00 49,525.00 titled in the Margaret M. Lanshe Living Trust dated March 7,2003; held in the NPC brokerage account# 4NR-035169;valued per letter dated November 12, 2014 and public listing 4 4,660.73 units of Brokerage Money Market-titled in 4,660.73 4,660.73 the Margaret M. Lanshe Living Trust dated March 7, 2003; held in the NPC brokerage account#4NR -035169;valued per letter dated November 12,2014 5 436.919 units of Dodge&Cox Balanced Fund-titled 43,158.86 43,158.86 in the Margaret M. Lanshe Living Trust dated March 7, 2003; held in the NPC brokerage account#4NR -035169;valued per letter dated November 12,2014 and public listing 6 4,457.781 units of Eaton Vance Floating Rate 48,768.12 48,768.12 Advantage Fund Class I -titled in the Margaret M. Lanshe Living Trust dated March 7,2003; held in the NPC brokerage account#4NR-035169;valued per letter dated November 12,2014 and public listing Total of Continuation Schedules See attached pages TOTAL(Also enter on Line 7,Recapitulation) 918,560.61 (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) Rev-1510 EX+(08-09) SCHEDULE G pennsylvania INTER-VIVOS TRANSFERS AND DEPARTMENT OF REVENUE INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT continued ESTATE OF FILE NUMBER Lanshe, Margaret M. 21-14-1059 ITEM DESCRIPTION OF PROPERTY DATE OF DEATH %OF DECD'S EXCLUSION TAXABLE NUMBER THE DA E ODE F EROANSFERSAlTACH THEIR COPY THE RELATIONSHIP FOR REAL ESTATE. VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE 7 3,933.989 units of Fidelity PA Municipal Income Fund- 44,808.13 44,808.13 titled in the Margaret M. Lanshe Living Trust dated March 7,2003; held in the NPC brokerage account# 4NR-035169;valued per letter dated November 12, 2014 and public listing 8 742.244 units of First Eagle Global Fund Class A- 39,257.29 39,257.29 titled in the Margaret M. Lanshe Living Trust dated March 7,2003; held in the NPC brokerage account# 4NR-035169;valued per letter dated November 12, 2014 and public listing 9 4,030.059 units of Harbor Fund Institutional Class- 49,529.43 49,529.43 titled in the Margaret M. Lanshe Living Trust dated March 7, 2003; held in the NPC brokerage account# 4NR-035169;valued per letter dated November 12, 2014 and public listing 10 630 units of Ishares Tr MSCI Eafe Min Volitility ETF- 38.367.00 38,367.00 titled in the Margaret M. Lanshe Living Trust dated March 7, 2003; held in the NPC brokerage account# 4NR-035169;valued per letter dated November 12, 2014 and public listing 11 1,637.839 units of Oakmark Equity and Income Fund 53,229.77 53,229.77 Class I-titled in the Margaret M. Lanshe Living Trust dated March 7,2003; held in the NPC brokerage account#4NR-035169;valued per letter dated November 12,2014 and public listing 12 902.408 units of Permanent Portfolio Fund-titled in 38,677.21 38,677.21 the Margaret M. Lanshe Living Trust dated March 7, 2003; held in the NPC brokerage account#4NR -035169;valued per letter dated November 12,2014 and public listing Copyright(c)2009 form software only The Lackner Group,Inc. Form PA-1500 Schedule G(Rev.08-09) Rev-1510 EX+(08-09) SCHEDULE G pennsylvania INTER-VIVOS TRANSFERS AND DEPARTMENT OF REVENUE INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT continued ESTATE OF FILE NUMBER Lanshe, Margaret M. 1 21-14-1059 ITEM DESCRIPTION OF PROPERTY DATE OF DEATH %OF DECD'S EXCLUSION TAXABLE INCNUMBER THELDA E OF DE TRANSOF FER.SFEREE THEIR ATTACH A COPY OF THE DEED HIP FOR REAL ESTATDENT E. VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE 13 600 units of Realty Income Corp Com -titled in the 25,578.00 25,578.00 Margaret M. Lanshe Living Trust dated March 7,2003; held in the NPC brokerage account#4NR-035169; valued per letter dated November 12,2014 and public listing 14 860 units of Tortoise Energy Infrastr Corp Com -titled 36,919.80 36,919.80 in the Margaret M. Lanshe Living Trust dated March 7, 2003; held in the NPC brokerage account#4NR -035169;valued per letter dated November 12,2014 and public listing 15 550 units of Vanguard Index FDS Growth ETF-titled 52,332.50 52,332.50 in the Margaret M. Lanshe Living Trust dated March 7, 2003; held in the NPC brokerage account#4NR -035169;valued per letter dated November 12,2014 and public listing 16 700 units of Vanguard Specialized Portfolios Div App 52,234.00 52,234.00 Index ETF-titled in the Margaret M. Lanshe Living Trust dated March 7, 2003; held in the NPC brokerage account#4NR-035169;valued per letter dated November 12,2014 and public listing 17 1,504.327 units of Vanguard Wellington Inv Fund- 58,097.11 58,097.11 titled in the Margaret M. Lanshe Living Trust dated March 7,2003; held in the NPC brokerage account# 4NR-035169;valued per letter dated November 12, 2014 and public listing TOTAL(Also enter on Line 7, Recapitulation) 918,560.61 Copyright(c)2009 form software only The Lackner Group,Inc. Form PA-1500 Schedule G(Rev.08-09) REV-1511 EX+(08-13) pennsylvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RESIDENT DECEDENT RETURN ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Lanshe, Margaret M. 21-14-1059 Decedent's debts must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER A. FUNERAL EXPENSES: See continuation schedule(s)attached 5,007.58 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Street Address City State Zio Year(s)Commission Paid 2. Attorney's Fees James, Smith, Dietterick&Connelly, LLP 31,500.00 3. Family Exemption: (If decedent's address is not the same as claimant's,attach explanation) 3,500.00 Claimant Annie Roth Street Address 421 Cherokee Drive City Mechanicsburg State PA Zio 17050 Relationship of Claimant to Decedent Spouse 4. Probate Fees 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 3,184.29 See continuation schedule(s) attached TOTAL(Also enter on line 9, Recapitulation) 43,191.87 Copyright(c)2013 form software only The Lackner Group,Inc. Form PA-1500 Schedule H(Rev.08-13) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Lanshe, Margaret M. 21-14-1059 ITEM NUMBER DESCRIPTION AMOUNT Funeral Ex ep nses 1 Gilbert L. Dailey Funeral Home-funeral 3,830.00 2 Gilbert L. Dailey Funeral Home-urn 744.00 3 Patriot News-obituary 433.58 H-A 5,007.58 Other Administrative Costs 4 Cumberland Law Journal-estate/trust advertisement 150.00 5 Metro Bank Estate Account-cycle service charge 18.00 6 MicroBilt Equifax Credit Profile-credit report 13.17 7 Nationwide Insurance-car insurance Margaret 57.10 8 NPC-management fees 1,008.87 9 NPC-check order fee 12.50 10 NPC-management fees 1,536.13 11 Register of Wills Cumberland County-probate fees 90.00 12 Register of Wills Cumberland County-filing fee for Petition to probate copy of will 55.50 13 Register of Wills Cumberland County-short certificate 10.00 14 The Sentinel -estate/trust advertisement 233.02 Copyright(c)2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H(Rev.6-98) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Lanshe, Margaret M. 21-14-1059 ITEM NUMBER DESCRIPTION AMOUNT H-B7 3,184.29 Copyright(c)2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H(Rev.6-98) Rev-1512 EX+(12-12) SCHEDULE 1 pennsylvania DEBTS OF DECEDENT, DEPARTMENT OFMORTGAGE LIABILITIES AND LIENS RET INHERITANCE TAXAXRETURRNN RESIDENT DECEDENT ESTATE OF FILE NUMBER Lanshe, Margaret M. 21-14-1059 Report debts incurred by the decedent prior to death that remained unpaid at the date of death,including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Andrews and Patel Associates PC-medical 2.11 2 CarMax Auto Finance-one half debt;valued per amortization schedule 6,597.54 3 Citibank Credit Card Account#3504 2,638.50 4 FISERV-bill paying service 28.06 5 Holy Spirit EMS ALS 46.35 6 Marriott Rewards Chase Credit Card Account#0113 6,768.97 7 Marriott Rewards Chase Credit Card Account#0782 1,245.11 8 Marriott Rewards Chase Credit Card Account#2433 2,132.50 9 Palm Beach Shores-time share 1,690.00 10 Pinnacle Health Cardiovascular Inst-medical 7.20 11 Pinnacle Health Emergency-medical 51.81 12 Pinnacle Health Hospitals-medical 36.56 13 RCI-time share 183.00 TOTAL(Also enter on Line 10, Recapitulation) 21,427.71 (If more space is needed,additional pages of the same size) Copyright(c)2012 form software only The Lackner Group,Inc. Form PA-1500 Schedule I(Rev. 12-12) REV-1513 EX+(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE INHERITANCE TAX RETURN BENEFICIARIES RESIDENT DECEDENT ESTATE OF FILE NUMBER Lanshe, Margaret M. 21-14-1059 RELATIONSHIP TO NUMBER NAME AND ADDRESS OF DECEDENT SHARE OF ESTATE AMOUNT OF ESTATE PERSON(S)RECEIVING PROPERTY o Not is Trustee(s) (Words) ($$$) I� TAXABLE DISTRIBUTIONS [include outright spousal distributions,and transfers under Sec.9116(a)(1.2)] 1 Annie P. Roth Daughter 50%of residue 431,393.82 421 Cherokee Drive Mechanicsburg, PA 17050 2 Julian D. Roth Son 50%of residue; 438,737.48 421 Cherokee Drive joint account,car Mechanicsburg, PA 17050 Total 870,131.30 Enter dollar amounts for distributions shown above on lines 15 through 18 on Rev 1500 cover sheet,as appropriate. 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 11 -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)