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Home My WebLink About08-23-05 r:;:0rrl-:'nr.:n n::lrC r'F : .._,\_)\...I .L..,,_...... v< I 'V'.- \, ,Q I J '" -:::: ~ ~ 0 "'" -:::: ~ ~ ,~ -S c:.J 0 ~ '-..; '-....) '" 'J] ~ - ~ .- .- ~ t'rj ~ Cy -' ,.... - .JJ-.., - '" ;::;: ~ :::, - -- 0 '" ~ -- 'v ~ ~ ;::;: -.., ~ 0 "'" \j "'- ::::: ~ :i: ~ 0' \j ,.... -- ;::;: ~ .... :... ~~ -- ~ ~ ,0 -- C.) '- v '" ",...a '- vi 'SD ~ ~ ::: <:.J ;::;: ,.... ,.... ~ .... ,'"' >=,<'v () \....J r() - 0 t~ Q ~ ~ 0 ! ~ ~ ~N~ S:2 'V ~:::: ~ :t~. ~~~ o :>coz ~I~ (.). w 5v~ ~ ~ ~ ~ " I REGISTER OF WILLS OF CUMBERLAND COUNTY, PENNSYLVANIA INVENTORY Estate of: Mary R. Pennacchio, Deceased No.: 21-05-0121; 121 of2005 Date of Death: November 19, 2004 Social Security No.: 020-42-8892 Personal Representative(s) of the above Estate, deceased, verify that the items appearing in the following inventory include all of the personal assets wherever situate and all of the real estate in the Commonwealth of Pennsylvania of said Decedent, that the valuation placed opposite each item of said Inventory represents its fair value as of the date of the Decedent's death, and that Decedent owned no real estate outside ofthe Commonwealth of Pennsylvania except that which appears in a memorandum at the end of the Inventory, I verify that the statements made in this Inventory are true and correct. I understand that false statements herein are made subject to the penalties of 18 Pa. C.S. Section 4904 relating to unsworn falsification to authorities. Name of Attorney: Francis A. Zulli, Esquire Personal Representative: ID.No.: PA 15316 ~~ G ennacchio, Executor Address: 109 Locust Street Harrisburg, PA 17101 Dated:~/~, ;Zc;:,o.5- Telephone: 717-232-1488 Description Value $3,012.69 7 0-~~J5..9 .13 C ,r1 j ., .. 24,412.:39 - ~.) 63:22 '0,.,,) C,) " : ;::1 24,04 (05 :-13.33 t...., (...'1 Ul 16,215.00 2,080.00 Checking account No. 2219-20918 at Fulton Bank Checking account No. 3622-45722 at Fulton Bank Certificate of Deposit No. 022-0141445 at Fulton Bank Interest accrued to date of death Certificate of Deposit No. 022-0141449 at Fulton Bank Interest accrued to date of death 2004 Chrysler Sebring LX Sedan automobile 1989 Chrysler New Yorker Sedan automobile Total $140,186.81 v~ REV-1500 EX ,6-001' Rev-1500 OFFICIAL USE' Omy . ~ COMMONWEALTH OF ................................................................................... PENNSYLVANIA FILE NUMBER DEPARTMENT OF REVENUE DEPT. 280601 INHERITANCE TAX RETURN 21 05 0121 HARRISBURG, PA 17128-0601 - RESIDENT DECEDENT County Code Year Number DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER I- Z PENNACCHIO Mary R. 020-42-8892 w Cl DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) THIS RETURN MUST BE FILED IN DUPLICATE WITH W <..) November 19, 2004 June 22, 1914 REGISTER OF WILLS w 0 (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER N/A Q) x 1. Original Return 2. Supplemental Return 3. Remainder Return (date of death prior to 12- .x:,~ (/) - I-- '-- u~-" 4. Limited Estate 4a. Future Interest Comprise (date of death after 12-12-82) 5. Federal Estate Tax Return Required Q) c. u - f-- ~ .!:oo o am 6. Decedent Died Testate (Attach copy of Will) 7. Decedent Maintained a Living Trust (Attach a copy of Trust) 8. Total Number of Safe Deposit Boxes c. - ~ 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) 011. Election to tax under Sec. 9113(A) <i 9. Litigation Proceeds Received - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: "E NAME COMPLETE MAILING ADDRESS Q) -= Francis A. Zulli, Esquire 109 Locust Street = &. FIRM NAME (If Applicable) Harrisburg, PA 17101 '" ~ Wion, Zulli & Seibert <::> c.:> TELEPHONE NUMBER 717-232-1488 r,) - :~ 1. Real Estate (Schedule A) (1) $0.00 q OFFICIA~~E ONlY. ~~i 2. Stocks and Bonds (Schedule B) (2) $000 .,~ ,.:j . , C,- 3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) $0.00 r....~ ."~ - c.,,) .-: Z Mortgages & Notes Receivable (Schedule D) - 4 (4) $0.00 ) 0 .--" , , ..., .. I- 5 Cash, Bank Deposits & Misc. Personal Property (Schedule E) (5) $140,186.81 -, ..- <( --, r..) " ....J 6. Jointly Owned Property (Schedule F) (6) $0.00 t rot :::> D Separate Billing Requested .c;. I- 0- 7. Inter-Vivos Transfers & Misc. Non-Probate Property (7) $386,894.94 <( ........................................................ () (Schedule G or L) UJ 8. Total Gross Assets (total Lines 1-7) 0::: (8) $527,081 .75 9. Funeral Expenses & Administrative Costs (Schedule H) (9) $18.660.75 10. Debts of Decedent, Mortgage Liabilities & Liens (Schedule I) (10) $16,502.86 11. Total Deductions (total Lines 9 & 10) (11 ) $3516361 12. Net Value of Estate (Line 8 minus Line 11) (12) $491,918.14 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been (13) $000 made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Line 13) (14) $491.918.14 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of line 14 taxable at the spousal tax Z rate, or transfers under Sec. 9116 (a)(1.2) x (15) 0 - i= 16. Amount of line 14 taxable at lineal rate $491,918.14 x .045 (16) $22,136.32 x<( - <(~ 17. Amount of line 14 taxable at sibling rate x .12 (17) $0.00 ~::J CL :2 18. Amount of line 14 taxable at collateral rate .15 (18) $000 0 x () 19. Tax Due 20. D (19) $22,136.32 > > BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND RECHECK MATH < < Decedent's Complete Address: STREET ADDRESS 505 SI. John's Drive CITY ISTATE I~IP Camp Hill PA 17011 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) (1) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount $22,136.32 Total Credits (A + B + C) (2) $0 00 3. Interest/Penalty if applicable D. Interest E. Penalty 4. Total Interest/Penalty (0 + E) (3) If line 2 is greater than line 1 + line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 Line 20 to request a refund (4) If line 1 + line 3 is greater than line 2, enter the difference. This is the TAX DUE. (5) $0.00 5. $22,136.32 B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5A) (5B) A. Enter the interest on the tax due. $22,136.32 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN X IN THE APPROPRIATE BLOCKS 2. Did decedent make a transfer and: a. retain the use or income of the property transferred: b. retain the right to designate who shall use the property transferred or its income: c. retain a revisionary interest; or d. receive the promise for life of either payments, benefits or care? If death occurred after December 12, 1982, did decedent transfer property within on year of death without receiving adequate consideration? Did decedent own an "in trust for" or payable upon death bank account or security at his or her Did decedent own an Individual Retirement Account, annuity, or other non-probate property which Yes No 1. 3. 4. ~ B m E8 contains a beneficiary designation? c=:l CD IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under penalties of perjury, I declare that 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. Oeclaratlon of preparer other than the personal representative is based on all the information of which preparer has any knowledge. :?-O~S- ADDRESS 'UJ ar- For dates of e on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% 2 P.S. 99116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. 99116 (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 twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0% [72 P.S. 99116(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%, except as noted in 72 P.S. 99116(1.2) [72 P.S. S9116(a) (1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. 99116(a)(1.3)]. A sibling is defined, under Section 9102, as an individual who has at feast one parent in common with the decedent, whether by blood or adoption. REV-15GB EX + (1-97)(1) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF Mary R. Pennacchio FILE NUMBER 21-05-0121 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION Checking account No. 2219-20918 at Fulton Bank VALUE AT DATE OF DEATH $3,012.69 2. Checking account No. 3622-45722 at Fulton Bank $70,369.13 3. Certificate of Deposit No. 022-0141445 at Fulton Bank Interest accrued to date of death $24,412.39 $63.22 4. Certificate of Deposit No. 022-0141449 at Fulton Bank Interest accrued to date of death $24,021.05 $13.33 5. 2004 Chrysler Sebring LX Sedan automobile $16,215.00 6. 1989 Chrysler New Yorker Sedan automobile $2,080.00 TOTAL (Also enter on line 5, Recapitulation) (If more space is needed, insert additional sheets of the same size) $140,186.81 Kelley Blue Book - Retail Pricing Report - Chrysler, Sebring Page 1 of2 . ~~JS!~U~~ ~ USED CARS REVIEWS & RATINGS ADVIce FINANCING & INSURANCE F rse Dealsr "m;s Quote ,; S€,IfC' \... se,c C a c-'soings BLUE BOOK RETAIL REPORT Pennsylvania. December 2, 2004 2004 Chrysler Sebring LX Sedan -- -- ~ <, - , . .. Iii Search Listings for This Car Free Record Check Auto Loans from 3.79% APR Insurance Quote Payment Calculator Review of This Car ..,,;: h . ~ ~ . . Zero. Engine: V6 2.7 Liter Trans: Automatic Drive: Front Wheel Drive Mileage: 2,000 Equipment Air Conditioning Power Steering Power Windows Power Door Locks Tilt Wheel AM/FM Stereo Single Compact Disc Dual Front Air Bags Power Seat Sliding Sun Roof Alloy Wheels Retail Value Search Local Listings for This Car $16,215 The Kelley Blue Book Suggested Retail Value is representative of dealers' asking prices and is the starting point for negotiation between a consumer and a dealer. This Suggested Retail Value assumes that the vehicle has been fully reconditioned and has a clean title history. This value also takes into account the dealers' profit, costs for advertising, sales commissions and other costs of doing business. The final sale price will likely be less depending on the vehicle's actual condition, popularity, type of warranty offered and local market conditions. Get Invoice & MSRP on New Cars Get a Private Party Value Get Financing Before You Shop Copyright @ 2004 by Kelley Blue Book Co., All Rights Reserved. Nov-Dec 2004 Edition. The specific information required to determine the value for this particular vehicle was supplied by the person generating this report. Vehicle valuations are opinions and may vary from vehicle to vehicle. Actual valuations will vary based upon market conditions, specifications, vehicle condition or other particular circumstances pertinent to this particular vehicle or the transaction or the parties to the transaction. This report is intended for the Individual use of the person generating this report only and shall not be sold or transmitted to another party. Kelley Blue Book assumes no responsIbility for errors or omissions.(v.04115) http://www.kbb.comlkb/ki.dll/kw.kc.ur?kbb.P A;449629;P A041&17011 ;sed+r&40;Chrysh... 12/02/2004 Kelley Blue Book - Retail Pricing Report - Chrysler, New Yorker Page 1 of 1 III Kelley Blue Book _ THE TRUSTED ItfSO~~~~ I~ ~ I ~~; ~ USED CARS REVIEWS 1 RATINGS ADV1CE FINANCING & INSURANCE F rl;e Deal6r ;>nce Q'~ole SI!'i:i:fC... !~S~: C:3f ~.Jsjng:. BLUE BOOK RETAIL REPORT Pennsylvania. December 2, 2004 1989 Chrysler New Yorker Sedan Search Listings for This Car Free Record Check Auto Loans from 3.79% APR Insurance Quote Payment Calculator ~~ . .. Engine: V6 3.0 Liter Trans: Automatic Drive: Front Wheel Drive Mileage: 96,000 ~ ""~- l "".~.". ~'-"""""""l --/1 ,f~'t,t~,.,"'~l!v,1, ~":~"~:~',' ~l'''Ci.~''''''''.'''"~ Equipment Air Conditioning Power Steering Power Windows Ring! Power Door Locks Tilt Wheel Cruise Control AM/FM Stereo Power Seat Premium Wheels Retail Value Search Local Listings for This Car $2,080 The Kelley Blue Book Suggested Retail Value is representative of dealers' asking prices and is the starting point for negotiation between a consumer and a dealer. This Suggested Retail Value assumes that the vehicle has been fully reconditioned and has a clean title history. This value also takes into account the dealers' profit, costs for advertising, sales commissions and other costs of doing business. The final sale price will likely be less depending on the vehicle's actual condition, popularity, type of warranty offered and local market conditions. Get Invoice & MSRP on New Cars Get a Private Party Value Get Financing Before You Shop CODyright @ 2004 by Kelley Blue Book Co., All Rights Reserved. Nov-Dec 2004 Edition. The specific information required to determine the value for this particular vehicle was supplied by the person generating this report. Vehicle valuations are opinions and may vary from vehicle to vehicle. Actual valuations will vary based upon market conditions, specifications, vehicle condition or other particular circumstances pertinent to this particular vehicle or the transaction or the parties to the transaction. This report Is intended for the individual use of the person generating this report only and shall not be sold or transmitted to another party. Kelley Blue Book assumes no responsibility for errors or omlsslons.(v.04114) http://www.kbb.comlkb/ki.dll/kw.kc.ur?kbb.P A;681617;P A041 & 170 11 ;+r&40;Chrysler; 1... 12/02/2004 REV-1510 EX + (1-97)(1) -, COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY ESTATE OF Mary R. Pennacchio FILE NUMBER 21-05-0121 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. DESCRIPTION OF PROPERTY % OF DECO'S TAXABLE ITEM INCLUDE THE NAME OF THE TRANSFEREE. THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER. DATE OF DEATH INTEREST EXCLUSION VALUE NUMBER ATTACH A COpy OF THE DEED FOR REAL ESTATE. VALUE OF ASSET (IF APPLICABLE) 1. Pennacchio Family Irrevocable Trust dated December 7,1991 by Joseph A. Pennacchio comprised of the following assets: Real estate at 505 SI. John's Drive, Hampden Township, Cumberland 197.310.00 197.310.00 County, PA. (See attached deed recorded in the Cumberland County Recorder of Deeds Office in Record Book 118, Page 84, dated January 23, 1995. 2. Morgan Stanley Brokerage Account #665-172338-220 $165,093.06 $165,093.06 3. Franklin Templeton Investments Account No. 129-12911549429 PA Tax $10,438.19 $10,438.19 Free Income Fund 4. Franklin Templeton Investments Account No. 110-10178868637 US Govt $14,054.69 $14,053.69 Securities Fund 5. As per term of Trust document Article III A - After the death of Joseph A. Pennacchio income is payable to surviving spouse, Mary R. Pennacchio. Upon death of Mary Pennacchio as per Article IV B entire trust funds are payable to George M. Pennacchio, son. George M. Pennacchio resides at 505 SI. John's Drive, Camp Hill, PA 17011 TOTAL (Also enter on line 7, Recapitulation) $386,894.94 . . (If more space IS needed, Insert additIOnal sheets of the same size) REV-,51, EX: (1-97J(1) . ' COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF Mary R. Pennacchio FILE NUMBER 21-05-0121 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Gingrich Memorial - grave marker $1,620.00 2. David M. Myers Funeral Home - funeral expenses $9,203.98 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative (s) Social Security Number(s)! EIN Number of Personal Representative(s) Street Address City State Zip - Year(s) Commission Paid: 2. Attorney Fees - Wion, Zulli & Seibert $4,000.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant George M. Pennacchio $3,500.00 Street Address 505 St. John's Drive City Camp Hill State PA Zip 17011 - Relationship of Claimant to Decedent Son 4. Probate Fees $132.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Advertising - The Sentinel $129.77 Cumberland Law Journal $75.00 TOTAL (Also enter on line 9, Recapitulation) $18,660.75 (If more space is needed, insert additional sheets of the same size) REV-1512 EXy (1-9~1) . . ~ COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Mary R. Pennacchio SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES & LIENS FILE NUMBER 21-05-0121 Include unreimbursed medical expenses. ITEM NUMBER 1. Chrysler Financial Corp. - auto loan DESCRIPTION AMOUNT $16.502.86 TOTAL (Also enter on line 10, Recapitulation) (If more space is needed, insert additional sheets of the same size) $16,502.86 ~ REV.1513 EX + ~9.00)) . . ~ f, COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF Mary R. Pennacchio FilE NUMBER 21-05-0121 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. George M. Pennacchio Son 25% share of residue 505 SI. John's Drive Camp Hill, PA 17011 2. Michael G. Pennacchio Son 25% share of residue 571 Rock Rose Court Inchine Village, NV 89451 3. Joseph A. Pennacchio Jr. Son 25% share of residue 19995 North Lo Territory Road Prescott, AZ. 86305 4. Lillian Conant Daughter 25% share of residue 50 Patch Pond Road #10 Center Ossipee, NH 03814 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II. NON-TAXABLE DISTRIBUTIONS; A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOTAL OF PART" - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $0.00 . . (If more space IS needed, Insert additional sheets of the same size)