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HomeMy WebLinkAbout07-02-15 1505614134 EX(03-14)(FI) REV-1500 OFFICIAL USE ONLY Bureau of Individual Taxes County Code Year File Number PO BOX 280601 INHERITANCE TAX RETURN 2 1 1 5 0 6 4 7 Harrisburg,PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 0 4 0 2 2 0 1 5 1 2 2 2 1 9 2 7 Decedent's Last Name Suffix Decedent's First Name MI REESE MARTIN J (If Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI REESE NORMA J THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW ❑X 1.Original Return ❑ 2.Supplemental Return ❑ 3.Remainder Return(date of death Prior to 12-13-82) ❑ 4.Agriculture Exemption ❑ 5.Future Interest Compromise(date of ❑ 6.Federal Estate Tax Return Required (date of death on or after 7-1-2012) death after 12-12-82) ❑X 7.Decedent Died Testate ❑ 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 J OE L R . Z U L L I N GE R 7 1 7 2 6 4 6 0 2 9 First Line of Address 1 4 NORTH MAI N STREET Second Line of Address S U I T E 2 0 0 City or Post Office State ZIP Code CHAMBERSBURG PA 1 7 2 0 1 Correspondent's e-mail address: Jzullinger@zullinger-davis.com rV REGIS-E�2 OF WILLS 4§9 ONLY :M. u M c rn REGISTER OF WILLS USE ONLY C_ O x+ DATE FILED MMDDYYYY p -D r M n D t— M fT1 ► r_ M DATE{F)LPSTANB `Tt r Q C } a C'7 N i-" r n 3' C/) O PLEASE USE ORIGINAL FORM ONLY y • Side 1 I IIIIII VIII VIII VIII VIII VIII VIII VIII VIII VIII IIII IIII 1505614134 1505614134 1 ^'� t �7 �`'� �� k t A �s . �.� ' �.. �.., • s.,�, � � £�w f i 1505614234 REV-1500 EX(FI) Decedent's Social Security Number DecedenYSName: MARTIN J. REESE RECAPITULATION 1. Real Estate(Schedule A) ... .. ......... . .... .. .. . . . . .. .. .......... .. 1. 2. Stocks and Bonds(Schedule B) 2. 4 3 1 4 ' 6 0 ... . . . .... .. ....... .................. . 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. 6 7 3 . 9 3 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested ....... 6. 7. Inter-Vivos Transfers&Miscellaneous Nn-Probate Property (Schedule G) ri Separate Billing Requested ..... .. 7. 8. Total Gross Assets(total Lines 1 through 7) ........ .. .. ......... .. . ... 8. 4 9 8 8 . 5 3 9. Funeral Expenses and Administrative Costs(Schedule H) ...... .... ........ 9. 9 9 5 • 5 0 10. Debts of Decedent,Mortgage Liabilities,and Liens(Schedule 1) . .. ... ...... . 10. 11. Total Deductions(total Lines 9 and 10) .... .. . ........ .. ........... ... 11. 9 9 5 • 5 0 12. Net Value of Estate(Line 8 minus Line 11) . ....... .. .. ........... .. ... 12. 3 9 9 3 • 0 3 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. 3 9 9 3 . 0 3 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 3 9 9 3 . 0 3 15. 0 . 0 0 16. Amount of Line 14 taxable at lineal rate X.0_ 0 - 0 0 16, 0 . 0 0 17. Amount of Line 14 taxable at sibling rate X.12 0 . 0 0 17. 0 . 0 0 18. Amount of Line 14 taxable at collateral rate X.15 0 . 0 0 18. 0 . 0 0 19. TAX DUE .. .. . . ......... ..... .. ..... .. ....... .. ... ........ .. ... 19. 0 . 0 0 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ❑ Under penalties of perjury,1 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 knowledge. SIGNATt OF PERSON RESF?dN,IB FORILING RETURN DAT E ADDRESS 24 Nul ane Shippensburg PA 17157 SI OF PREPARE R O ERT PERS PONSIBLE F R FILING THE RETURN D TE S ADDR 14 Worth Main Street 6/ite 200 Chambersburg PA 17201 1111111111111111111111111 Side 2 1505614234 1505614234 J REVA500 EX (F I) Page 3 File Number Decedent's Complete Address: 21 15 0647 DECEDENTS NAME MARTIN J. REESE STREETADDRESS 24 Null Lane CITY STATE ZIP Shippensburg I PA 117257 Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) 0.00 2. Credits/Payments A.Prior Payments B.Discount (See instructions.) Total Credits(A+B) (2) 0.00 3. Interest (3) 4. If Line 2 is greater than Line 1 +Line 3,enter the difference.This is the OVERPAYMENT. Fill in oval on Page 2,Line 20 to request a refund. (4) 0.00 5. If Line 1 +Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 0.00 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 ...................................................................... ❑ 0 b. retain the right to designate who shall use the property transferred or its income ............................... ❑ 0 c. retain a reversionary interest ........................................................... . ❑ 0 d. receive the promise for life of either payments,benefits or care? ....................................................... ❑ 0 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?.................................................................................................. ❑ 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. 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 Jan. 1, 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent 172 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 adopfive 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. i REV-1503 EX+(8-12) pennsylvania SCHEDULE B DEPARTMENT OF REVENUE INHERITANCE TAX RETURN STOCKS & BONDS RESIDENT DECEDENT ESTATE OF FILE NUMBER MARTIN J. REESE 21 15 0647 All property jointly owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 54 shares of Prudential Financial stock @ 4,314.60 TOTAL(Also enter on Line 2,Recapitulation) $ 4,314.60 If more space is needed,insert additional sheets of the same size REV-1508 EX+(08-12) pennsylvania SCHEDULE E DEPARTMENT OF REVENUE CASH, BANK DEPOSITS & MISC. INHERITANCE TAX RETURN RESIDENT DECEDENT PERSONAL PROPERTY ESTATE OF: FILE NUMBER: MARTIN J. REESE 21 15 0647 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Highmark Insurance, refund 673.93 TOTAL(Also enter on Line 5,Recapitulation) $ 673.93 If more space is needed,use additional sheets of paper of the same size. REV-1511 EX+(08-13) pennsyivania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER MARTIN J. REESE 21 15 0647 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s)of Personal Representative(s) Street Address City State ZIP Years)Commission Paid: 2. Attorney Fees: Joel R. Zullinger 875.00 3, Family Exemption:(If decedents address is not the same as claimants,attach explanation) Claimant Street Address City State ZIP Relationship of Claimant to Decedent 4. Probate Fees: JCS fee 35.50; automation 5.00; short certificate 5.00; will 15.00; letters 120.50 30.00; inventory 15.00; return 15.00; 5 Accountant Fees: 6. Tax Return Preparer Fees: 7. TOTAL(Also enter on Line 9,Recapitulation) $ 995.50 If more space is needed,use additional sheets of paper of the same size. REV-1513 EX+(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: MARTIN J. REESE 21 15 0647 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S)RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Sec.9116(a)(1.2).] 1. Norma J. Reese, 24 Null Lane, Shippensburg, PA 17257 Spousal residue of estate entire residue ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE. JI, NON-TAXABLE DISTRIBUTIONS: A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1. TOTAL OF PART H-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ If more space is needed,use additional sheets of paper of the same size. JRZ - 5 . 1 reese. l March 28, 2'013 RAE C 0 R SFE 0r.:F ti-C c J '015 JUN 10 PM 10 01. LAST WILL AND TESTAMENT t r t I, Martin J. Reese, of 24UI'M Mull Lane, Shippensburg, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby declare this to be my will, hereby revoking any and all former wills and codicils thereto by me heretofore made. I. I direct that all my just debts and funeral expenses, including all expenses of my last illness, shall be paid from my estate as soon as practicable after my decease as a part of the expense of the administration of my estate. II. I give, devise and bequeath the residue of my estate of every nature and wherever situate to my wife, Norma J. Reese, providing she shall survive me by thirty days. III. Should my wife predecease me or die on or before the thirtieth day following my death I give, devise and bequeath the residue of my estate of every nature and wherever situate to my children, namely Linnelle Stabler, Martin J. Reese, Jr. , Norma Bricker, William Reese, Jeffrey Reese, Curtis Reese, Stephen Reese, Susan Wickard, LeAnne Reese-Giles, Kristi Stahlman, in equal shares, provided that the share of any beneficiary who predeceases me or dies on or before the thirtieth day following my death shall be distributed to said beneficiary' s issue, per stirpes, living on the thirty-first day following my death, and in default of any such then-living issue, such share shall be added to the share or shares of my other named beneficiaries herein, equally. o� IV. In the event that anyone entitled to a share of my estate shall be under the age of twenty-one years at the time for distribution to such beneficiary, I constitute and appoint the Orrstown Bank with principal offices in Shippensburg, Pennsylvania, as trustee of any property which passes either under this will or otherwise to said beneficiary. Said trustee shall in the trustee' s sole discretion and without order of court, use principal as well as income from time to time as may appear to be necessary for the beneficiary' s welfare, comfort, medical care, recreation, support and education, without responsibility to the beneficiary or to any person taking care of the beneficiary; and the remaining balance in the hands of said trustee shall be distributed to said beneficiary when the beneficiary attains the age of twenty-one years. If such Page 2 beneficiary dies prior to attaining the age of twenty-one years, said trustee is authorized in the trustee' s discretion to pay part or all of the beneficiary' s funeral expenses and the remaining balance in the hands of said trustee shall be distributed to the beneficiary' s personal representative. In the event the funds held by the trustee. for any beneficiary become in the opinion of the trustee too small for proper and efficient administration, the trustee, in the trustee' s sole discretion, may deposit such funds in a savings account in the name of the beneficiary. V. Any fiduciary under this will shall have the following powers in addition to those vested in them by law and by other provisions of my will applicable to all property whether principal or income, including property held for minors, exercisable without Court approval, and effective until actual distribution of all property: A. To retain any and all of the assets of my estate,, real or personal, without regard to any principle of diversification of risk. B. To invest in all forms of property including stock, common trust funds and mortgage investment funds without restriction to investments authorized for Pennsylvania fiduciaries as they deem proper, without regard to any principle of diversification of risk. C. To sell at public or private sale, to . exchange or to Page 3 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 they deem proper. D. To allocate receipts and expenses to principal or income or partly to each as they from time to time think proper. E. To compromise any claim or controversy. F. To distribute in cash or in kind or partly in each. G. To hold property in their names without designation of any fiduciary capacity or in the name of a nominee or unregistered. VI. The interest of the beneficiaries hereunder shall not be subject to anticipation or to voluntary or involuntary alienation; 4a and the principal and income shall be paid by the trustee or guardian directly to or for the use of the beneficiary entitled thereto, without regard to any assignment, order, attachment or claim whatever. VII. I direct that all taxes that may be assessed in consequence of my death of whatever nature and by whatever jurisdiction imposed, shall be paid from my residuary estate as a part of. the expense of Page 4 the administration of my estate. VIII. I appoint my wife, Norma J. Reese, as executrix of. this my will. Should my wife predecease me, fail to qualify or cease to act, I appoint Martin J. Reese, Jr. , and Norma Bricker, as co- executors of this my will. IX. No bond shall be required of any fiduciary hereunder in any jurisdiction. IN WITNESS WHEREOF, I hereunto set my hand and seal to this my last will and testament, consisting of six typewritten pages, the first four of which bear my signature in the margin for the purpose of identification this ay of 24 (SEAL) Signed, sealed, published and declared by the above-named testator as and for his last will and testament in our presence, who in his presence, at his request and in the presence of each Page 5 other have hereunto set our hands as attesting witnesses. We, Martin J. Reese, �J aQ` �- Z(1i1�11Q,t1� and UVq Jews CYICLkr the testator and the witnesses respectively, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testator signed and executed the instrument as his last will and testament and that he executed it as his free and voluntary act for the purposes therein expressed and that each of the witnesses, in the presence and hearing of the said testator signed the will as witnesses and to the best of their knowledge said signer was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence. Testator itness F Wit ss Subscribed, sworn to and acknowledged before me by the above-named signer and subscribed and sworn to before me by the ab e-named witnesses this 0Ofk day of �La Notary Pi4lic NOTARIAL SEAL TRICIA L BAILEY page 6 Notary Public SHIppENSBURG BOROUGH,CUMBE2LA201 OUNTY My Commission Expi res Sep Prudential Financial Inc., PRU Historical Quote - (NYSE)PRU, Prudential Financial Inc. ... Page 1 of 1 A SWEET NEW TAME ON THE KEW& THE NEW WSJ ANDROID APP. TRF Will SM97,R)URNAL fflCharjts '= Y From MarketWatch prU Basic Chart Advanced Chart Interactive Chart Home Quotes News Industries Markets Histakal Quotes BlgReports MarketWatch Search Enter Symbols or Keywords This Historical Quotas tool allows you to look up a security's exact closing price. v Simply type in the symbol and a historical date toiew a quote and mini chart for that security. Enter Symbol: cru I Enter Date: 4/07/15 PA;I 5 f� Prudential Financial Inc. PPU Daily Thu,Apr 02,2015 Closing Price: 80.53 Open: 79.4815 �jt 82 High: 80.63 so Low: 79.17 79 Volume: 2,179,436 No Splits Sponsored Links 1. 5 Stocks to Buy Now 6. Current Mortgage Rates 2. High Yield Dividend Stocks 7. #1 Penny Stock to Invest In 3. Top 10 Oil ETFs 8. Retirement Annuity Rates 4. Best Bank CD Rates 2015 9. Mutual Funds to Invest in 5. Best Vanguard Funds 10. Best Luxury Car Lease Deals Get started with a broker '�i Araattrada. �E TRADE 1 .. tlTradeStatioir Home I About I Job Opportunities I Comsat Us I Feedback I Help Copyright 2015 MarketWatch,Inc.All rights reserved. By using this site,you agree to me Terms of Use,Privacy Policy(Updated 5/52015),and Cookie Policy(Updated 5/512015). Intraday Data provided by SIX Financial Information and subject to terms of use. ! 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All quotes are in local exchange Uma. `11,90 x� - http://bigcharts.marketwatch.com/historical/default.asp?symb=pru&closeDate=4%2F2%2F... 6/9/2015 LAW OFFICES OF ZULLINGER=DAVIS PROFESSIONAL CORPORATION SUZANNE M.TRINH JOEL R.ZULLINGER HAMILTON C.DAVIS strinh@zullineer-davis.com jzullinger@zullinger-davis.com hdavis@zullinger-davis.com Managing Shareholder Of Counsel Of Counsel 14 North Main Street,Suite 200 20 East Burd Street,P.O.Box 40 Chambersburg,PA 17201 Shippensburg,PA 17257 717-264-6029 717-532-5713 717-264-1884(FAX) 717-530-5222(FAX) June 30, 2015 cn `cam Register of Wills : © Cumberland County Courthouse 1 Courthouse Square Carlisle PA 17013 ' '3 �' � Q Dear Register: `' }:.. <-,>> RE: Estate of Martin J. Reese Cn ` File No. 21-15-0647 Enclosed for filing in your office is an original and one copy of the PA Inheritance Tax Return for the above estate. There is no inheritance tax due with the filing. Please direct any questions to my Chambersburg office. Thank you. Very truly yours, oe R Zu]]in r C Encls. (� 2 ` f t �'��y, w a- Ck R"° t c MIrr 00 �i �lD f LEC l 1111 � 1 t� Zullinger-Davis, PC 14 North Main Street Suite 200 Chambersburg, PA :17201 OTGO Register of Wills Cumberland County .Courthouse 1 Courthouse Square Carlisle,' PA, 17013