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HomeMy WebLinkAbout12-05-78 ~cc~sa (4-73) COMMONWEAL TH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF COUNTY COLLECTIONS .C..'MJ RESIDENT DECEDENT COUNTY OF CUMBERIAND IMPORTANT: This return must be completed in detail and filed in duplicate, with all attached, with the Resister of Wills of the County where decedent resided; Return is due within nine months after date or death, unless an extension is aranted by the Secretary of Re~enue. <Section 703 of the Inheritance and Estate Tax Act of 1961.) IN THE MATTER OF THE EST ATE OF } AFFIDAVIT OF EXECUTOR ~ County FLORENCE MAGNELLI (STATE FUI.I. NAME OF CECECENT) Late of Cumberland State of Pennsylvania County of Cumberland }" Albert Magnelli Executor ~ Decedent died of the utat. of the abav.-nam.d d.ced.nt b.lng duly sworn, d.pou S and says Jlll1e 23, 19~J t.stat. leaving a last will, copy of which Is h.r.to attach.d.,} (MONTH) (CAY) (YEAR) ~~t( Nom. and addr... of attorn.y or } Snelbakert McCaleb & F.] i~kpl" oth.r authorized r.pr....ntotlv. to whom all corr"flond.nc. should b. mall.d. 4-4- West Main Street. Mechanicsburli r Pennsylvania 17055 That as such Executor deponent is familiar with the affairs of said estate and the property constituting (EXECUTO R-ACMINIST RA TO R) the assets thereof and their fair market value. That at the time of death there was no safe..deposit box registered in decedent's individual name, or jointly with, or as agent or deputy of another, or in decedent' s.individual name, with right of access by another as agent or deputy, with the exception of the following: - NAME ANC ACCRESS OF BANK OR OTHER INSTITUTION THIS SAFE CEPOSIT BOX RENTEC REI.ATIONSHIP OF JOINT IN WHICH CECECENT RENTEC A S"FE CEPOSIT BOX IN NAME OR NAMES OF HOI.CERS TO CECECENT CCNB Bank. N.A. " Decedent Shoppimr Center Office 32nd and Trindle Road . C amp Hill PA 17011 That the contents of said safe deposit box or boxes are itemized under Schedules wi th the exception'of the following, for the reasons hereinafter set forth: of this return, That Schedule A attached hereto and made part hereof sets forth fully and in detail all the real property in the Commonwealth of Pennsylvania of which decedent died having an interest therein. It also sets forth the mortgage encumbrances upon each parcel of real property at the date of death, giving the amount still due at death, name of mortgagee, date, rate of interest, and book and page of record thereof. It also sets forth in the columns provided therefore the assessed valuation of each of said parcels, the estimated market value thereof as of date of death of decedent. That Schedule B attached hereto and made part hereof sets forth fully and in detail all personal property wheresover situated owned by the dec~dent at the time of death; all moneys left by the decedent at the time of death, whether in decedent's immediate possession, standing to decedent's credit in banks of deposit, savings banks, trust companies, or other institutions, whether individually, or in trust for any other person or persons giving also separately the accrued interest thereon, if any, down to the last interest day priM to decedent's death in the case of savings banks, and to the date of decedent's death in all other cases; all bonds, postal savings, treasury certificates or notes and other evidence of indebtedness of the United States to the de- cedent; all obligations, whether by statute or agreement they are designated as tax free, of the United States, or any state, or political subdivision thereof, or of any foreign country, which are owned at the time of death; all wearing apparel, jewelry, silverware, pictures, books, works of art, household furniture, horses, carriages, automobiles, boats, and any and all other personal chattels of whatsoever. kind or nature, left by decedent, together with the fairly estimated market value thereof; all bonds and mortgages held by decedent and of all claims due and owing decedent at the time of death, and all promis sory notes or other instruments in writing for the payment of money of which decedent died possessed, of whatsoever nature, with interest thereon, if any, giving the face value and estimated fair market value thereof, and if such estimated fair market value be less than the face value, it sets forth briefly the reasons for such depreciation as to each item; all moneys payable to the estate from life insurance policies carried by decedent; all annuity and endowment contracts the proceeds of which were payable upon the death of the decedent; all and the corporate stocks and dividends due thereon and unpaid as of the date of death, bonds and accrued interes t thereon to the date of decedent's death and other investment securities owned by the decedent at the time of death, with the market value there- of at such time. t i I In the case of securities of close or family corporations, the values reported. are as far as _~l'g~!,!il:lle substantiated by financial statements of the corporations, showing the 'assets and 11abi11 ties th~reo'f, as of the date of death. The schedule also sets forth the interest of decedent at the time of death'in any co-partnership or business, and in support of the value of such interest there is annexed to said schedule, financial statements showing the assets and liabilities of said co-partnership or Qusiness. A copy of the co-partnership agreement, (if oral, a statement setting forth the nature of toe agreement) together with a statement setting forth the character of the business, its location, and such other facts pertaining to the business as may be pertinent to a fair and just appraisal of the decedent's interest therein must be submitted. It should also set forth in itemized form, together with the fair market value thereof, any other property owned or bequeathed by the decedent at the time of death. The Schedule C attached hereto and made part hereof sets forth a true answer to each inquiry contained therein and in the case of transfers of property, real or personal, within two years of decedent's death, in contemplation of decedent's death, or intended to take effect in possession or enjoyment at or after death, said schedule sets forth the nature and value of such property, to whom transferred, the relationship of the transferees to the decedent, the proportionate share received by each transferee and all other facts of a pertinent nature regarding said transfers. In the case of transfers intended to take effect in possession or enjoyment at or after death, there is also attached to the schedule a co~y of the deed, trust agreement or other instrument creating the trust. Ther'~ is also set forth in said schedule a list of all property, real and personal, with its value, which passes at decedent's death by virtue of the exercise by decedent, either individually, or jointly with another, or any power of appoint- ment vested in decedent, either individually or jointly, by the will, deed, or other instrument of another, with a copy of the instrument creating such power attached to the schedule. That Schedule 0 attached hereto and made part hereof sets forth the names and addresses of all persons beneficially interested in this estate at the time of decedent's death, the nature of their res- pective interests, their relationship, if any, to the decedent, together with the ages at the time of decedent's death of all minors, annuitants and beneficiaries for life under decedent's Will. It also contains a statement showing which of the peneficiaries named in the decedent's will, if any, died prior to decedent, the dates of their death, their issue, andthe relationship of such issue to the beneficiary. That Schedule E attached hereto and made a part hereof sets forth all property, real and per- sonal, owned by the decedent jointly with another nr others, including intangible, standing in the name of the decedent and others, plus the date and place of record of instruments effecting the 'Vesti ture of real estate and the date of acquisition of personalty, plus the name, address and relationship, if any, of co-owners to the decedent. ' That Schedule F attached hereto and made a part hereof sets forth fully and in detail all debts and deductions claimed for and on behalf of this decedent's estate, including funeral expenses paid; family exemption, where applicable; costs of administration of this estate; counsel fees and fudiciary's commissions paid or to be paid; cost expended for burial trusts, tombstones or gravemarkers, and reli- gious services, in consequence of the death of the decedent; debts and claims owing and unpaid at time of death; taxes accrued chargeable for period prior to decedent's death (except those allowed under Section 651 of the Inheritance and Estate Tax Act); together with a statement of collateral pledged for obliga- tions, if any. It 1s agreed that the fiduciary will present proof of said claimed obligations upon re- quest, that if the amount actually paid in s'ettlement of any fee, commission or debt is less than the estimated amount claiming and allowed, that the same will be reported to the Register of Wills, and that the amount of tax assessed can be reassessed in accordance therewith. That the totals of the appropriate columns in Schedules "A", "B", "en, "E", and "F" as directed therein, have been carried forward and properly registered in the Summary. Subscribed and sworn to before me this ................................. r:ATHARIr.1E E. DCU::UM. NOTARY PUBLIC f\'ECIIA. :CS~l;i\G BOROUGH CU\;EcRLMILi COGNfV vy "f'M\H<;<:IOJll fYf)"?r~ "fB?7 lqg? NOTE: Before signing affTd1iV'ir lTIake sure all blank spaces in the affidavit and schedules annexed are filled in wi,th details ,or the w<?rd "None", and in case the assets include rare and unlisted securities, securi ties 'of close or. family corporations or an interest in any co-partnership or business, that the data and statements requir~d' under the paragraph above relating to Schedule "B" are attached. Also make . . .. _, _. ' ) l ~~.'- certain that column #1 in' the "Sllmmary" has been properly completed as above-directed. -~;(~~:_---------- .......+..~..~..?.....IP..w.th~.r.....RQ.g,.g.............................................~.............. (Street Number) .. .....c:;.<~l"IT.IP.....tlJll.~....P.gD.D..~y.1.,y.9.n.i~I",.......l..?QJJ......... (City or Town and State) .. ........ ..~....~.. ..... day of .3~.~......... 19.;....?~... ............ . L.f.t . ,...c/IJ. . .................~efIU~n~/.~~~ ~C C.'34 (4'73) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT'OF REVENUE BUREAU OF COUNTY COLLECTIONS . TRANSFER INHERITANCE TAX RESIDENT DECEDENT SCHEDULE "Au REAL PROPERTY *' Real property in Pennsylvania, with statement of mortgage encumbrances upon each parcel at death of dece- dent. Property held by the decedent as tenant in common with another or other, should be identified as to quantum of interest and the estimated value should be that of the decedent's interest only. (Property held as joint tenants with right of surviorship or tenancy by entireties should be reported on Schedule "E.") The real property located In the Commonwealth of Pennsylvania should be (1) (2) (3) described by lot and block number, street and street number, together with DEPARTMENT a general description of the property, with a reference to the record of the ASSESSED VALUE VALUATION conveyance by which the decedent took title; If a farm state number of a. FOR YEAR OF ESTIMA TED CAUTION cres; also statement of mortgage encumbrances upon each parcel at death DECEDENT'S MARKET VALUE (Do not write of decedent. Taxes, assessments, accrued Interest on mortgages, etc.,are DEATH In this spoce) to be listed on Schedule "F" and must not be deducted from this schedule. NONE NONE None... Insert this total opposite "real prope.ty", Schedule "A" in the X X X X X "As Reported" column on the last page of this return. NOelL Rec -35 . RESIDENT DECEDENT SCHEDULE "B" PERSONAL PROPERTY '* COMMONWEALTH OF PENNSYLVANIA TRANSFER INHERITANCE TAX INSTRUCTIONS: This Schedule must disclose all tangible and intangible personal property owned individually by the decedent, at the time of his death. Property owned by the decedent jointly with another or others must be listed under Schedule "E". Intangible personal property, titled in the name of the decedent, but payable at death to another or others, including but not limited to P.O.D. U. S. Savings Bonds and tenta- tive trust accounts, must be listed, despite the fact that they are not of the administered estate. Tangible personal property should be listed first (e.g. jewelry, wearing apparel, household goods, and furnishings, books, paintings, automobiles, boats, etc.) Intangible personal property, such as bonds, treasury certificates, cash on hand and in bank, stocks, mortgages, notes, together with accrued interest or dividends, salaries or wages, insurance pay- able to the estate or fiduciary in said capacity, partnership interests, interest in any undistributed estate of or income from any property held in trust under the will or agreement of another, even though located outside of the State, at the time of death, should be listed in this schedule. Item No. ITEM List and describe fully UNIT VALUE ESTIMATED MARKET VALUE DEPARTMENT VALUATION (Do not write in this space) 3. Checking Account No. 566-534-4, CCNB Bank, N.A. Balance on date of death L.- Savings Account No. 006-054229-7, CCNB Bank, N.A. Balance on date of death Accrued interest ~ ncome Certificate No. 16795, CCNB Bank, N.A. Balance on date of death Accrued interest Savings Account No. 4-63416~he Harris Savin Association Balance on date of death Accrued 7est avings Certificate No. 4-06-055026, The Harris Savings Association Balance on date of death $ 461. 26 ')i\.,.~l- l1.1 C{ 1. ~lo'. ~l" 2. 1,817.66 17.89 7,900.00 125.6:1 , C}OO. 00 I \ )..5. (p ct 4. 15,345.26 369.63 \ S 3"\~. ~t.- j 3l.'.t.a 5. Accrued interest 30,000.00 124.83 30 000. 00 , '~I\. ..a 6. Demand Note for $3,000.00 given November 5, 1965 by Albert Magnelli and Verna Ruth Magnelli to Mose and Florence Magnelli 3,000.00 3 000.00 I Insert this total opposite "Personal Property", Schedule "B" in the "As Reported" column on the last page of this return. x X $59,162.22 Sct, \l,~.;)'~ RC'C- % CUMMO:\W}-=ALTH OF PENNSYLVANIA T11.AN ~ FEll r :\HE!l r l' A\TF TAX seHEDUU~ "e" T ll\ N <:: F1ms ~'>~r! I.;.~.., /j . -'-Y' r\ '(.," I 1\<0 '*' liES IDENT rmn:nENT (1) Did decedent, wi thin two years of'death, make any transf'er of' any material part of' his estate, without receiving a valuable ap.d adequate consideration therefor? (Answer yes or no) No (2) Did decedent, within two years of death, transfer property from himself to himself and another or 0thers (including a spouse) in joint ownership? (Answer yes or no) No (3) If' the answer to (1) or (2) above is in the aff'irmative state: (a) Age of decedent at time of transfer (t) State of decedent's health at time of' making the transf'er. (Note 1). (c) Cause of decedent's death. (Note 1). (4) Did decedent, in his lifetime, make any transfer of property without receiving a valuable or adequate consideration theref'or which was to take eff'ect in possession or enjoyment at or after his death? (Answer yes or no) No (a) Was there any possibility that the property transferred might return to transf'erer or his estate or be subject to his power of disposition? (Answer yes or no) (b) What was the transferee's age at time of decedent's death? (5) Did decedent in his lifetime make any transfer without receiving a valuable and adequate consideration therefor tmder which transferor expressly or impliedly reserves for his lif'e or any period which does not in f'act end before his death: (a) The possession or ep.joyment of or the right to income from the property transferred? (Answer yes or no) No (b) The right to designate the persons who shall possess cr enjoy the property transf'erred or income theref'rom? (Answer yes or no) No (6) If the answer to (5) (b) above is in the affirmative, state whether the right was reserved in decedent alone or others (7) Did decedent in his lifetime make a transfer, the consideration for which was transferee's promise to pay income to or for the benefit of' care of trap.sferor? (Answer yes or no) No (8) Did decedent, at any time, transf'er property, the benef'icial enjoyment of' which was subject to change, because of a reserverl power to al tel', amend, or revoke, or which cOllld revert to rlecedent tmder terms of transfer or by operation of' law? (Answer yes or no) No (9) If the answer to (8) above i3 in the affirmative, was the power to alter, amend, or revoke the inter- est of' the benef'iciary reserved in the decedent alone or the decedent and others? (Answer yes or no) NOTE 1: The answers to these questions should be supporterl by affidavit by the attending physician as well as a copy of the death certificate. NOTE 2: If' answer to any of the above questions is yes, set f'orth below a description of the property transferred, it's fair market value at date of death, dates of transfers and to Y'hom transferred, with relationship of' transf'erees to decedent, if any. Submit copy of any trust oeed or instrument, if trans- fers are claimed to be non-taxable, also submit detailed statement of f'acts on which said claim is based. NOTE 3: List applicable property below in manner in which provided in Schedules A, B, or E. ITEM DESCRIPTION MARKET VALUE (Es tima ted) DEPT. VALUAT.'.:ON (Dept. Only) NONE NONE \\lonL Insert this total opposite "Transfers", Schedule "e" in the "As Reported" colunm on the last page of this return. \\l 0 f\ t.. RCC-37 (12-63) . , Cmll\IO~\rEALTIl OF f'E~~SYYL\NIA TRANSFER INHERITANCE TAX RESIDENT DECEDENT SCHEDULE "D" BEI\'EFICIARIES I RELATIONSHIP , BENEFICIARIES AND ADDRESSES (If step-children or SURVIVED DATE INTEREST OF State full names and addresses of all who illegitimate children DECEDENT OF BENEFICIARY ave an interest, vested, contingent or other are involved, set STATE YES IN ESTATE wise, in estate) forth this fact.) OR NO BIRTH Theresa Zimmerman Daughter Yes One- third (1/3) of 301 Pr inee Street residue Harrisburg, Pa. 17109 Albert Magnel1i Son Yes Two-thirds (2/3) of 1397 Lowther Road residue C amp Hill, PA 17011 , I \ h Deponent fUrther says that all the above-named beneficiaries are living at this time except below: NAME DATE OF DEATH RESIDENCE ~ ~ C S;"38 RESIDENT DECEDENT SCHEDULE" E" JOINTL Y OWNED PROPERTY '* COMMONWEAL TH OF PENNSYLVANIA TRANSFER INHERITANCE TAX INSTRUCTIONS: This schedule must disclose all property, real and personal, ownerl by the decedent Jointly wi th another or others, including intangibles, standing in the name of the decedent and others. List real estate first, as entireties, or Joint tenants, giving brief description, as indicated under Schedule "A", plus the date and place of record of instrument effecting vestiture, but do not include entireties or out of state real estate value in estate valuation column. Personal property should be listed as in Schedule "B", plus date of acquisition, and the name, address and relationship (if any) of co-owners to the decedent. I Description of Property, Date of Acquisition, Name Address and Relationship of Co-Owners, and Place of Record of Instrument, where Real Estate. . Unit Value percentage Estate Share Valuation DEPARTMENT VALUATION CAUTION-Do not Write In This Space. Value 01' Value of Entire Decedent's Property Interest NONE NONE No nlL Insert this total opposite "Jointly Owned Property", Schedule "E" in the "As Reported" column on the last page of this return. t\\.DNL R E V-5 \8 (8-78) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF FIELD OPERATIONS P.o. BOX 2970 HARRISBURG 17105 IN YOUR REPLY PLEASE REFER TO *' Inheritance Tax Division NOTICE OF FILING OF APPRAISEMENT Albert Magne11i 1397 Lowther Rd. Camp lli11, PA 17011 (Executor or Administrator) In Re: Estate of Florence Magne11i Cumberland County - File No. 21,..78-0358 Dear You are hereby notified that the Original appraisement in the estate of Florence Magne11i has been filed in the office of the Register of Wi lis of Cumberland County on 14 March , 19~, Said appraisement reflects the following valuations: Real Estate Personal Property Transfers Jointly Owned Total None 59,162.22 None None $59,162.22 As to such tax that is paid within three months from date of death, a five (5%) percent discount is allowable. As to any tax that remains unpaid after nine (9) months (fifteen months when death occurred from December 22, 1965 to June 16, 1971, inclusive; and twelve months when death occurred prior to December 22, 1965) from date of death, interest at the rate of six (6%) percent per annum is charged. Any party in interest who is aggrieved by this notice may object thereto within sixty days after receipt of said notice as provided by Section 1001 of the Inheritance and Estate Tax Act of 1961, 72 P. S. 2485.1001, P. L. 3l't. ,-~ Date 14 March 1979 Signed ~' \.. ..J Title Administrative Officer ( ~ Note: This is not a bi II. REV-457 (8,78,) DEPARTMENT OF REVENUE BUREAU OF FIELD OPERATIONS P.O. BOX 2970 HARRISBURG, PENNA. 17105 COMMONWEALTH OF PENNSYLVANIA RESIDENT INHERITANCE TAX APPRAISEMENT DATE 16. MSlr...n 1 Q7Q COUNTY Cumherland FILE NO. 21-78-0358 Whereas, Florence Magnelli late of L. Allen Twp. in the County of Cumberland Commonwealth of Pennsylvania, having died on the 28th day of June 197~, seized and possessed of an estate subject to Inheritance Tax under the laws of the Commonwealth of Pennsylvania; Therefore, I, Leo Ful~dniti , an appraiser duly appointed according to law, having been designated to make a fair and conscionable appraisement of the said estate, and to assess and fix the cash value of all annuities and life estates growing out of said estate, hereby file the following appraisement: In the event that any future interest In this estate is transferred In possession or enjoyment to collateral heirs of the decedent after the expiration of any estate for life or for years, the Commonwealth hereby expressly reserves the right to appraise and assess transfer inheritance taxes at the lawful collateral rate on any such future interest. DESCRIPTION OF ASSET UNIT AppraIsement VALUES Made for Inheritance Tax Purposes $ None n. .1 ,,_ _.. 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