HomeMy WebLinkAbout06-01-15 FEV-1162 E%It t-9B1
GOMMONWEALTM OF PENNSYLVANIA
�EPAPiNENT OF PEVENOE
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RECEIVED FROM: INHERITANCE AND ESTATE TAX
OFFICIAL RECEIPT NO. CD 020755
NIELSEN ROBERT
1756 MARLIN RIDGE
CAMP HILL, PA 17011
ACN
ASSESSMENT AMOUNT
CONTROL
NUMBER
--- ---
--�-- 1p1e 101 S24,000.00
ESTATE INFORMATION: ssN�. I
FILE NUMBER: 2115-0602 I
oeeeoeNr Nanne: NIELSEN HELEN MARY I
DATEOFPAVMENT: 06/01/2015 I
POSTMARK DATE: 06/O1/2015 I
couNrr. CUMBERLAND I
DATE OF DEATH: 03/08/2015 I
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TOTAL AMOUNT PAID: 524,000.00
REMARKS:
CHECK# 2567
INITIALS: CJ
sEA� RECEIVED BY: LISA M. GRAYSON, ESQ.
REGISTER OF WILLS
PEGISTER OF WILLS
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May 29, 2015 :, � `— � `i
,= c ` ;
Via Certified Retum Receipt Requested -. � �—.
Cumberland County Register of Wills - ''' .
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1 Courthouse Square, Suite 102 � � �::
Cazlis(e, PA 17013 . �-�- "'
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In Re: Helen Mary Nielsen
Date of Death: March 8,2015
Social Security Number: 094-03-0542
Dear I.adies and Gendemen:
I am enclosing a check in the amount of$24,000 representing a prepayment of
Pennsylvania lnheritance Tac for Helen Mary Nielsen. Please send the Official Receipt to my
attention.
Please d'uect all questions or inquiries to my Attomey, Daniel Bdght, McQuaide Blasko
Law O�ces, (814) 238-4926.
Thank you for your assistance.
Very Vuly yours,
�� �1.�"�
Robert K.Nielsen
1756 Marlin Ridge
Camp Hiil, PA 17011
Enclosure
Pennsylvania lnheritance Tax Prepayment Estimate
Es[imated Reoortable Assets $ 656,350.00 (e)
LESS: Estimaled debts, expense and
deduc[ions 80.000.00 '
Estimated Net Taxable Estate $ 596,350.00 (e)
Estimated InheriWnce Tax
Estate passes to Lineal Heirs
at a rate of 4.5% 0.045 $ 26,835.75
These calculations are based on estima[ed
figures and assumptions speciFlc to the
inherifance tax calculation and, as such, are
not valid Por purposes other than the
calculation of Pennsylvania lnheritance Tax.
ESTIMATED INHERITANCE TAX LIABILIN $ 26,835.75
RECOMMENDEDPREPAYMENTAMOUNT 24,000.00 "
TOTAL INHERITANCE TAX PAID $ 25,263.16 "'
If tax in the amount of$24,000"is paid on
or before June 8, 2015,the Estate will
receive a tar credit In the amount of
$25,263.16(or a discount of$1,263.16"').
'We have intentionally included a rounded,
high estimate of the eventual total debts and
expenses in order to avoid overyaying the
ta�c at this stage. Pennsylvania does not pay
interest on any refund tlue to the Estate as a
resuit of overestimating in the prepayment.
"For the same reason stated above,we
also recommend paying an amount which
produces a tax credit slightly lower Nan the
curtent estimated tax amoum to avoid
overpaying taz.
"`The discount, which,for simpiicity, is
normally stated to be 5%of the amount of
tax paid early, is acNaliy calculated by
dividing the prepayment amount by 95%.
Thus, the amount is slightiy different than the
flat 5%that may have been expected.
PennsyNania lnheritance Tax Prepaymenl Estimate
Helen Mary Nielsen
March 8, 2015
Estimated Assets
Asset Jointly Titled with Robert Nielsen
19,200 shares GE $ 493,000.00
3,210 shares E�con Mobil $ 277,000.00
3,072 shares United Tech $ 372,000.00
190 shares Verizon $ 9,200.00
Stifel Nicolaus&Company $ 161,500.00
$ 1,312,700.00
1/2 ofJointly Titled Assets
ESTIMATED REPORTABLE ASSETS $ 656,350.00 (e)