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HomeMy WebLinkAbout11-01-78 ~ -c Z -c >11I ..I::>> >% ~~ %11I ~<< Lu.. 00 :E;" ..% ..II ~ -c.. . 11I<< _ .-c ... % L ., j III & 2: Q U 0 II: U "- "- t- Z III .... ::E "- t- Ol UI > "- ! II: 0 .: -c Ol '>- 2: :) << Il:~ 0 t- ""'" u.. ~ " f. " ;. .. ~ ....... ,.. % -, \.-.. III Q -+ 1&1 '. U .... 1&1 Q '" :) .... ~ .... '" .... z :) o u u ~ .... z W Q W U W Q lL o W U ~ o z Q. ::t .. .. c . ---:IE :=i e-a ..a. ~-= )-oW ....u zii: Q:)lL wao ~-I )( -1<< Q.~t:o- ~-I~ Uo~ z.... .... ~'" - ....~ID w ~ ::I: ~lL~ ~. f UI ::E oC z .~ . ! - . i . << o .. Vi o L 1&1 Q " % > ~ i ~ ~ o oC ~ '; .4. . ,) " >- t- U ... ,.---""' ....... i -.) .." o o o l- e III .J m i= u o III .... 8 j o u o z oC( o UI :J II: U U oC( t- Ol UI II: ..I ~ ~ z 0 - t- III '" III II: o o oC z o j: :) t- j: en Z :::: :0:. ~ m . '- i......I... .. .~ I I" Ii ~. ) '. " ) .-t.. \" ..,. ""~~";~ ... ~ '."''', ;"' ~, .~- r" -1 -<-w'~ 1 ~. i.. "'". <.:.' ,"~. 'J\-.. SECTION 742 OF THE INHERITAHCE AND ESTATE TAX ACT OF 1961. A report is required on: 1) Joint Savings Accounts 2) Joint Checking Accounts 3) Truat Accounts 4) Joint investment accounts, such as certlfi cates of deposit, share accounts, and 10 forth. 5) Accounts held by husband and wife and third parties. "When money is deposited or invested in a financial institution located in Pennsylvania in the names of two or more persons other than husband and wife or in the name of a person or persons in trust for another or others and one of the parties to the deposit or investment shall die, it shall be the duty of the financial Institution within ten (10) days after knowledge of the death to notify the Department of Revenue thereof giving the name of the deceased person, the date of the creation of the joint or trust deposit or investment, the amount invested or on deposit at the date of death with the financial institution and the name and addre.. of the survivor or survivors to the account. No notification shall be required in regard to such account when the deposit at the time of death does not exceed three hundred dollars ($3)0)." (Emphasis added). No report is required on: n Husband and wife accounts. 2) Joint accounts with a balanteunder $3>0.00 3) Accounts held by the decedent individually. - ,.. -.:--