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Home My WebLink About06-22-05 IN RE: EST ATE OF MILDRED M. COULSON IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY,PENNA. : ORPHANS' COURT DIVISION : NO. 2105-0007 '".,.,_.~ F AMIL Y AGREEMENT AND PETITION FOR THE SETTLEMENT OF AN ESTATE TO THE HONORABLE, THE JUDGES OF SAID COURT: :""J :'--.,) BARRY N. COULSON, Administrator of the Estate of Mildred M. Coulson, through his attorneys, Douglas Law Office, respectfully represents: 1. Mildred M. Coulson, a widow, and the mother of Barry N. Coulson, and Michael D. Coulson, who resided at 245 W. Baltimore St. St., Carlisle, PA 17013, died intestate on November 14,2004. \,.'..) 2. Letters of Adminisration were granted to Petitioner Barry N. Coulson on January 4,2005. 3. The only assets in the estate were as follows: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Real Estate, 245 W. Baltimore St., Carlisle, PA U .S. Savings Bonds Blue Cross refund 1991 Ford Escort Coupe - blue book value Personal property Sprint refund M&T 706027 - checking account M&T 15004200572920 M&T 31003911258383 M&T 31003911165883 Conesco Annuity Felra Pension Total Debits 80,000.00 13,474.89 123.77 2,000.00 800.00 8.92 1,629.00 38,738.00 23,011.00 10,815.00 2,533.76 1.000.00 $174,134.34 4. Expenditures in the amount of $14,244.16 as set forth in the attached Pennsylvania Inheritance Tax Schedule H have been made on behalf of the said Estate: 5. Inheritance taxes were $7,195.06, which have been paid. A copy of the Appraisement of Deductions from the Department of Revenue is attached hereto as Exhibit B. 6. A first and final fiduciary return will be filed, and a fee of $400 paid to Greenawalt & Co., thereby making total expenditures $21,839.22 7. The said Mildred M. Coulson was survived by her two sons, Barry N. Coulson and Michael D. Coulson, who will share equally in this estate under the Intestate Laws of the Commonwealth of Pennsylvania, and who both join in this Petition. 8. The Balance of the estate will be distributed to Barry N. Coulson and Michael D. Coulson in equal shares as follows: Deed for Real Estate at 245 W. Baltimore St., Carlisle, PA 17013 To Barry N. Coulson and Michael D. Coulson Barry N. Coulson, cash Michael D. Coulson, cash Total Distribution RECAPITULATION Total Debits: Total Credits Total Distribution Less real estate Balance to be distributed in equal shares Barry N. Coulson Michael D. Coulson Total Distribution $80,000.00 $36,147.56 $36.147.56 $152,295.12 $174,134.34 $ 21.83922 $152,295.12 80,000.00 72295.12 36,147.56 36.1 47.56 $152,295.12 WHEREFORE, your Petitioner prays that Your Honorable Court approve the distribution of this estate as set forth herein, and that the said Administrator, Barry N. Coulson, be discharged from the duties of his appointment. Dated: May 27, 2005 By Attorney for Petitioner COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND Barry N. Coulson, Adminisrator, and Michael D. Coulson, being duly sworn according to law, depose, and say that the averments of the within Petition are true and correct to the best of affiants' knowledge, information and belief. B~S~ ffi~~DC' rrv..b~ Michael D. Coulson ' Sworn to and subscribed before me this .3~ day of -Y1~,2005. Ng~ :,' ':~i';::;- i (~! ~; ':; ~l. : ,'lre M. Ccx, ~,()tary Pu:-J:i~ ~-';- ), ~orough, CUITlberland C;.~pr:_~' "::l;~?LJ''': ':.)\:1i~PS I}!~!h,~ .~ '., . SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS NWEALTH OF PENNSYLVANfA ERITANCE TAX RETURN RESIDENT DECEDENT Mildred M. Coulson 21-05-0007 FILE NUMBER )f decedent must be reported on Schedule I. DESCRIPTION FUNERAL EXPENSES: Ewing Brothers Westminister Cemetery Wake Expenses 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 Year(s) Commission Paid; A~~Fees Douglas Law Office Family Exemption: (If deoodenfs address is not the same as c1aimanfs. attach explanation) Claimant Street Address City Relationship of Claimant to Decedent State Probate Fees Accountanfs Fees Tax Return Preparer's Fees Sara Todd Memorial Home, last bill PP&L UGI Borough of Carlisle Borough of Carlisle Sprint S~ntinel Legal Ad Cumberland Law Journal, legal ad Richard W.Barrett, real estate appraisal Borough of Carlisle Register of Wills, filing fees, approximate AMOUNT 3,862.50 995.00 125.00 Zip 6,500.00 Zip 230.00 1 , 611 . 00 13.77 155.73 16.18 16.35 51.55 151.55 75.00 275.00 16.18 50.00 TOTAL (Also enteron line 9. Recapitulation) $ 14,2.44.16 (If more space is needed, insert additional sheets of the same size) I I I I I ,1' 1 Ii ! l' ..~ ,. . . Coulson Ie H continued PP&L Family Ford of Carlisle, Inspection 13 .43 85.92 BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION PO BOX 280601 HARRISBURG PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX WILLIAM P DOUGLAS DOUGLAS LAW OFFICE PO BOX 261 CARLISLE PA 17013 DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 05-16-2005 COULSON 11-14-2004 21 05-0007 CUMBERLAND 101 REV-1547 EX AFP (03-05) MILDRED M Amount Remitted MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ #f!V-~~"Yf.w~.m~'U!'.'N'''m!t.W.!MMIt'rf'(M!i.m.l'W#flW!~~.~UN.(~.r>>It'.............. ... DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF COULSON MILDRED M FILE NO. 21 05-0007 ACN 101 DATE 05-16-2005 TAX RETURN WAS: (X) ACCEPTED AS FILED ) CHANGED RESERVATION CONCE~NING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (ISchedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Stock/Partnership Interest (Schedule C) 4. Mortgages/Notes Receivable (Schedule D) 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) 7. Transfers (SQhedule G) 8. Total Ass.ts (1) (2) (3) (4) (5) (6) (7) APPROVED DEDUCTIdNS AND EXEMPTIONS: 9. Funeral Expenses/Adn. Costs/Misc. Expenses (Schedule H) 10. Debts/Mortga~e Liabilities/Liens (Schedule I) 11. Total De~ctions 12. Net Value of Tax Return 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) 14. Net Value of Estate Subject to Tax (9) UO) 80,000.00 13,474.89 .00 .00 2,932.69 74,193.00 3,533.76 (8) 14,244.16 NOTE: I~ an assessment was issued previOUSly, lines 14, lS and/or 16, 17, 18 and 19 will re~lect ~igures that include the total o~ ALL returns assessed to date. ASSESSMENT OF TAX: 15. Amount of Line 14 at Spousal rate (15) 16. Amount of Line 14 taxable at Lineal/Class A rate (16) 17. Amount of Li~e 14 at Sibling rate (17) 18. Amount of Line 14 taxable at Collateral/Class B rate (18) 19. Principal Ta~ Due TAX CREDITS. .00 X 00 = .00 159,890.18 X 045 = 7,195.06 .00 X 12 = .00 .00 X 15 = .00 (19)= 7,195.06 .00 Ul) (12) (13) (14) NOTE: To insure proper credit to your account, submit the upper portion of this forn with your tax paynent. 174,13tt.34 14.244 16 159,890.18 .00 159,890.18 . ......,"'". It~l.~~r l+J AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) 02-18-2005 iCDOO4969 .00 6,840.00 PAYMENT MUST BE ~ADE BY 08-14-2005*. TOTAL TAX CREDIT 6,840.00 BALANCE OF TAX DUE 355.06 INTEREST AND PEN. .00 TOTAL DUE 355.06 . IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. ( IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) "ATE OF MILDRED M COULSON . BARRY N COULSON EXEC PH. 717-249-2078 36 OAK PARK AVE RLlSLE, PA 17013-9262 60~~5 4319 11 2 DATE d~7 ((j~ -I oh $ 3S 5"-:- REV-1547 EX AFP (03-D5) OLLARS fD r~~ZF.alu"" D.tail<."nea"" 16-2005 LSON 14-2004 05-0007 IBERLAND L MILDRED M s andTraO!n llU5l:Cornpany -can....0ffic0 ~ ~~ ------ ----~------~-- ----------- M> i-! I Remi ed -------- JI .0211551: 118 ~ ~oo al17 o ~ ~ 2 . ".-s. - -~ Cc'.. -----.,:':__;'7l'i):: -- ,.~ - .:: E AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 ALONG THIS LINE ..... RETAIN LOWER PORTION FOR YOUR RECORDS .... ~~"'"fi.~".""J~'U!'.W15~.W.IMMftW~~."''''l.lWAl~~M:.''tH~.'m:tW~M:'1r.~Tr.............. ... DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX TE OF COULSON MILDRED M FILE NO. 21 05-0007 ACN 101 DATE 05-16-2005 TAX RETURN WAS: [ X) ACCEPTED AS FILED [ ) CHANGED RVATION CONCERNIN, FUTURE INTEREST - SEE REVERSE AISED VALUE OF REtURN BASED ON: ORIGINAL RETURN 1. Rea1 Estate [Sched~le A) (1) 80,000.00 NOTE: To insure proper 2. Stocks and Bonds [Schedule B) (2) 13,474.89 credit to your account, submit the upper portion 3. Closely Held stock/Partnership Interest (Schedule C) (3) .00 of this form with your 4. Mortgages/Notes Receivable [Schedule D) (4) .00 tax payment. 5. Cash/Bank Deposits/Misc. Personal Property [Schedule E) (5) 2,932.69 6. Jointly Owned Property [Schedule F) (6) 74,193.00 7. Transfers [Schedule G) (7) 3,533.76 8. Total Assets (8) 174,134.34 .OVED DEDUCTIONS AND EXEMPTIONS: 14,244.16 9. Funera1 Expenses/~dm. Costs/Misc. Expenses [Schedule H) (9) 10. Debts/Mortgage Liabilities/Liens [Schedule I) UO) .00 u. Total Deductions (11) 14.244.16 12. Net Value of Tax Return (12) 159,890.18 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) .00 14. Net Value of Estate Subject to Tax (14) 159,890.18 . IT an assessment was issued previoUSly, lines 14, 15 and/or 16, 17, 18 and 19 will . . reTlect Tigures that include the total oT ALL returns assessed to date. :SSMENT OF TAX: 15. Amount of Line 14 at Spousal rate (5) .00 X 00 = .00 16. Amount of Line 14 taxab1e at Lineal/Class A rate (6) 159,890.18 X 045 = 7,195.06 17. Amount of Line 14 at Sibling rate un .00 X 12 = .00 18. Amount of Line 14 taxable at Collateral/Class B rate (8) .00 X 15 = .00 19. Principal Tax Due (9)= 7,195.06 CREDITS: 'Aln.:rt. Keye.L!'I l+J AMOUNT PAID DATE NUl1BER INTEREST/PEN PAID (-) .18-2005 CDO<J4969 .00 6,840.00 lENT MUST BE MADE BY 08-14-2005*. TOTAL TAX CREDIT 6,840.00 BALANCE OF TAX DUE 355.06 INTEREST AND PEN. .00 TOTAL DUE 355.06 , PAID AFTER DATE INDICATED, SEE REVERSE [ IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. IR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" [CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) H