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JOHN ~lc':.::nE:\ III
HAltflLTO:\ C DA VIS
SALLY J. WJ~!)ER
Law Offices
McCREA & DAVIS
22 R. HIGH ST.
r-.'EWVILLE, PA. 17241
(717) 776-3211
w. H. McCREA (1898-1930)
JOlIN McCREA (1933-1071)
W. H. MoCREA, JR. (1938-1976)
McCREA 4 McCREA (1938-1977)
24 W. KING ST.
SHIPPENSnURG. PA. 172.'17
(717) 632-5713
September 14, 1978
CUmberland County Inheritance
Tax Office
411 South Second Street
Harrisburg, Pa. 17127
Re: Estate of William B. Clippinger
OOD 10/11/77
Estate No. 21-78-0097
Inheritance Tax Calculations
Dear Sirs:
This letter is being sul:mi.tted with our Inheritance Tax
Schedules to explain the method of calculating the Pennsylvania
Inheritance Tax due on this estate.
This calculation is cx::I1lJlicated by the widow's (Sarah Clippinger's)
election to take against the Will. This election also delayed our
settlerrent of the estate by rraking liquidation of the real estate
necessary. The statutory and decisional law of Pennsylvania has held
that the elective spouses share of our estate in this case is one
half of the net after payment of debts, administration expenses
and inheritance taxes. This share is in lieu of any bequests under
the will.
In this estate, then, item seamd and item thirteenth and item
seventeenth are void and I calculate the Pennsylvania inheritance
tax due as follows:
1. Tax on specific bequests (non-charitable)--
Tbtal of Specific Bequests $ 8,900.00
Rate of Tax 15%
Tax $ 1,335.00
2. Tax on widow's elective share--
Gross Value of Assets $ 80,572.59
Debts and r:eductions 13,098.34
Before Tax Net $ 67,474.25
Widow's Share (Before Tax) $ 33,737.12
Less l:; Tax on Specific Bequests 667.50
Taxable Share to Widow $ 33,069.62
Rate of Tax 6%
Tax $ 1,984.17
JOHN McCREA III
HAMILT{)~' C. DAVIS
SALLY J. WINDER
Law Offices
McCREA & DAVIS
22 S, HIGH ST.
NEWYILLE, PA. 17241
(717) 776-3211
W. H. McCREA (1898-1030)
JOHN McCREA (1933-1971)
W. H. McCItEA" JR. U93S-1976)
McCREA &: MceltEA (193&-1977)
24 w. KING ST.
SHIPPENSnURG, PA. 17257
(717) 632-5713
3. Tax on Residence (Item Sixteenth)--
Residue (before tax) $ 33,737.13
Less ~ Tax on Specific
Bequests 667.50
Less Specific Bequests 8,900.00
Less Charitable Bequests 1,000.00
Taxable Residue
Rate of Tax
23,169.63
15%
Tax on Residue
$ 3,475.45
4. Surrmary :
(a) Tax on Specific Bequests $ 1,335.00
(b) Tax on Wicbw's Elective
Share 1,984.17
(c) Tax on Residue 3,475.45
'ID'TI\L TAX DUE $ 6,794.62
Thank you very much.
Very t:rW-Y yours,
MrREA & Dl\VIS 1 /
~;t~r.t~
Hamilton C. Davis
Please reply to the Shippensburg address.
HOJ:ea