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Home My WebLink About09-28-06 REV-1500 EX + (6-00) * W I- llO::S~ ~lf8 :J:~...J Ua..a1 a.. 0( COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 REV.1500 INHERITANCE TAX RETURN RESIDENT DECEDENT OFFICIAL USE ONLY FILE NUMBER II 06 COUNTY CODE YEAR SOCIAL SECURITY NUMBER 0647 NUMBER .... z w c w (.) w c DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) Young, Martha B. DATE OF DEATH (MM-DD-YEAR) 173-09-8505 THIS RETURN MUST BE FILED IN OUPUCATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER 220-34-6424 D 3. Remainder Return (date 01 death prior to 12-13-82) D 5. Federal Estate Tax Return Required 1 8. Total Number of Safe Deposit Boxes D 11. Election to tax under Sec. 9113(A) (Attach Sch 0) COMPLETE MAILING ADDRESS Copyright 2002 form software only The Lackner Group, Inc. DATE OF BIRTH (MM-DD-YEAR) 07-03-2006 01-04-1910 (IF APPLICABLE) SURVIVING SPOUSE'S NAME ( LAST, FIRST AND MIDDLE INITIAL) Young, Carl E. D 1. Original Return D 4. Limited Estate ~ 6. Decedent Died Testate (Attach copy of Will) D 9. Litigation Proceeds Received D D D D 2. Supplemental Retum 4a. Future Interest Conllromise (date of death after 12-12-82) 7. Decedent Maintained a Living Trust(Attach copy 01 Trust) 10 Spousal PovertY Credit (date 01 death between . 12-31-91 and 1-1-!l5) One West Main Street Shiremanstown, PA 17011 None None None None OFFICIA~SE ONLY o ~ :::0 ~O en:o n-'l .=-:o en fl, 0 co......... fT1 '.') ~ jjtp -0 t~~) ~ ':,> 2;9j N n-i rn ZC/)/': co ..:.:u CJ iJ (") (::) 0 oo~ ==- ,'1" '::::>c ::E -- " :- ::0 ~:: C') :u --i c::9 ,- rT1 )> W 0') C-.J CT\ .1 15. Amount of Line 14 taxable at the spousal tax rate, 182,212.74 x .00 (15) z or transfers under Sec. 9116(a)(1.2) 0 (16) i= 16. Amount of Line 14 taxable at lineal rate 0.00 x .045 ~ ::::l a. 17. Amount of Line 14 taxable at sibling rate 0.00 x .12 (17) :IE 0 (.) 18. Amount of Line 14 taxable at collateral rate 0.00 .15 (18) >< x ~ 19. Tax Due (19) !z w c z o a.. Ul w II: a: o U NAME James D. Bogar FIRM NAME (If applicable) Bogar & Hipp Law Offices TELEPHONE NUMBER 717-737-8761 182,212.74 None None (8) None None (11 ) (12) (13) (14) 182,212.74 182,212.74 182,212.74 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation, Partnership or Sole-Proprietorship (1) (2) (3) (4) (5) (6) (7) 0.00 0.00 0.00 0.00 0.00 CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPA YMENT. z o i= :5 ::::l .... a:: ~ (.) w a: 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) D Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G or L) D Separate Billing Requested 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) 11. Total Deductions (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Govemmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus line 13) SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES Form REV-1500 EX (Rev. 6-00: Decedent's Complete Address: STREET ADDRESS 325 Wesley Drive, Apt. 3229 CITY Mechanicsburg ISTATE PA I ZIP 17055 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit 8. Prior Payments C. Discount (1 ) 0.00 0.00 Total Credits (A + 8 + C) (2) 0.00 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty (D + E) 4. 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 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. A. Enter the interest on the tax due. 8. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (3) (4) (5) 0.00 (5A) (58) 0.00 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred;..............................._................................................ D ~ ~: ~:::~ :h~e~~~i:~~~s:~~e~:s;~~..~~~~~.~~.~.~~.~.~~~:.~.:.~~~~.~~~.~~.~~.~~~_~~~~~~:::::::::::::::::~:..............:........~::: H ~ d. receive the promise for life of either payments, benefits or care? ............................................................. 0 ~ 2. If death occurred after December 12,1982, did decedent transfer property within one year of death without receiving adequate consideration? .................................................................................................................... D ~ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ......... 0 ~ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ..................,.........................................................................._..................... D ~ 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 penaJties of pe~ury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and beliel, tt is true, correct and co lete. Declaration 91 re arer other than the rsonal re resentative is based on all inlormation 01 which re arer has an knowled e. ADDRESS DATE 325 Wesley Drive, Apt. 3229 Mechanicsburg, PA 17055 ADDRESS ctl~, l~ DATE ADDRESS One West Main Street Shiremanstown, PA 17011 q,~- For dates of death on or after Ju , 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% [72 P.S. ~9116 (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. ~9116 (a) (1.1) (ii)]. The statute does not exemot 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. ~9116 (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 .5. ~9116 1.2)[72P.S.~9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedenfs siblings is 12% [72 P .S. ~9116 (a) (1.3)]. A sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. Rev-1508 EX+ (6-98) *' SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALlli OF PENNSYlVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Young, Martha B. FILE NUMBER 21-06-0647 Include the proceeds 01 litigation and the date the proceeds were received by the estate. All property lolntly-owned with the right of survivorship must be dIsclosed on schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Central Pennsylvania Conference The United Methodist Church - Certificates of 126.205.46 Deposit, date of death balance $125,000.00, accrued Interest $1,205.46 2 HSBC - Medical Insurance Refund of Overpayment 660.00 3 PNC Bank, N.A. - Certificate of Deposit, Account No. 31400269229, date of death 10.381.17 balance $10,367.78, accrued interest $13.39 4 PNC Bank, N.A. - Certificate of Deposit, Account No. 31400280601, date of death 5.134.03 balance $5,117.73, accrued interest $16.30 5 PNC Bank, N.A. - Certificate of Deposit, Account No. 31400293201, date of death 30.174.59 balance $30,136.13, accrued interest $38.46 6 PNC Bank, N.A. - Checking Account No. 5140244624, date of death balance 9.657.49 $9,656.14, accrued interest $1.35 7 Personal Property - Books and personal effects including clothing items (no vehicle 0.00 owned as of date of death) TOTAL (Also enter on Line 5, Recapitulation) 182.212.74 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) CENTRAL PENNSYLVANIA CONFERENCE THE UNITED METHODIST CHURCH 303 MULBERRY DRIVE / P.O. BOX 2053 / MECHANICSBURG, PA 17055-2053/ TELEPHONE (717) 766-5275 July 24, 2006 Attorney James D. Bogar 1 West Main Street Shiremanstown P A 17011 Re: Estate of Martha B. Young Dear Attorney Bogar: This letter is in reference to your request to provide you with the value of the certificates owned by Martha B. Young at the time of her death, July 3, 2006. The certificates were valued at One Hundred Twenty-Five Thousand Dollars ($125,000.00) and the interest that had accrued from May 1, 2006 to July 3,2006 was $1,205.46. Interest on the investment was last paid on May 1, 2006. If you care to redeem the certificate you will need to return the original certificate, and we can then process a check for you. If you need additional information please feel free to contact me. Sincerely, ~ ~.~~ (Mrs.) Zedna M. Haverstock TREASURER-COMPTROLLER COUNCIL ON FINANCE AND ADMINISTRATION o PNCBAN< August 17, 2006 James D. Bogar Attorney at Law One West Main Street Shircmanstown, P A 17011 RE: Estate of MarthaB. Young, deceased SSN: 173-09-8505 DaD: 7/3/2006 Dear Mr. Bogar: In response to your request for Date of Death balances for the customer noted above, our records show the following: Certificates of Deposit Account #31400269229 Established 07/22/2005 MARTHA B YOUNG DOD balance: $10,367.78 + $13.39 accrued interest Account #31400280601 Established 12/09/2005 MARTIIA B YOUNG 000 balance: $5,117.73 + $16.30 accrued interest Account #31400293201 Established 1 l/22/2004 MARTHA B YOUNG DOD balance: $30,136.13 + $38.46 accrued interest Checking Account Account #5140244624 Established 11/03/1987 MARTHA B YOUNG DaD balance: $9,656.14 + $1.35 accrued interest Safe Deposit Box #53 Established 11/03/1987 CARL E YOUNG MARTHA B YOUNG Page 10f2 Located: BETHANY VILLAGE BRANCH 325 WESLEY DRIVE MECHANICSBURG, PA 17055 (717) 691-4087 The decedent maintained Credit Line Account (ReA #4003045150036929)- For further information, please call1-888-762-2265. Select option 1, then option 3, and then 0 (zero). After pressing zero, please remain on the line to speak to a Loan Service Representative_ (We do not have access to Loan information, you must contact the Loan Area at the above number for further iDformlltion). Please note that this office only provides date of death balances for deposit accounts (1RAs, CDs, Checking and Savings accounts). We do not process Any financial transactions or pro"ide statements_ If you need assistance with any of these items, please call1-888-PNC-BANK (1-888-762-2265) or stop by your local PNe Bank branch office. Sincerely, ~~ Rachelle Wells 1-800-762-1775 P7-PFSC-04~F 500 first Ave. Pittsburgh PAl 5219 Page 2 of2 Mcmbeor FDIC TOTAL P.02 REV-1513 EX+ (9-00) *' SCHEDULE .J BENEFICIARIES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF NUMBER Young, Martha B. NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal aistributions, and transfers under Sec. 9116(a)(1.2)] RELATIONSHIP TO DECEDENT Do Not List Trusteelsl FILE NUMBER 21-06-0647 SHARE OF ESTATE AMOUNT OF ESTATE (Words) ($$$) I. See attached schedule Total Enter dollar amounts for distributions shown above on lines 15 through 18, as appropriate, on Rev 1500 cover sheet II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS See continuation schedule(s) attached TOTAL OF PART II- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule J (Rev. 6-98) SCHEDULE .J BENEFICIARIES (Part I, Taxable Distributions) ESTATE OF: Martha B. Young 173-09-8505 07/0312006 Item Name and Address of Person(s) Share of Estate Amount of Estate Number Receiving Property Relationship (Words) ($$$) 1 Carl E. Young 325 Wesley Drive Apt. 3229 Mechanicsburg, PA 17055 Husband Specific Bequest personal property 1 Rev-1502 EX+ (6-98) . SCHEDULE .I-liB CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS continued COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Young, Martha B. FILE NUMBER 21-06-0647 ITEM NUMBER 1 DESCRIPTION The United Methodist Stewardship Foundation of Central Pennsylvania 303 ~ Drive, Suite 300 MechanicsbJrg, PA 17050-3141 EIN: 25-1714670 AMOUNT Rest, Residue and Ranainder Subtotal Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule J-IIB (Rev. 6-98) ~. "", ..J ~ ~ ~ " ~ ", ..J --~ j:" .~ ~ lAST WILL AND TESTAMENT OF MARTHA B. YOUNG I, MARTHA B. YOUNG, of Lower Allen Township, Cumberland County, Pennsylvania, make, publish and declare this as and for my Last will and Testament, hereby revoking all other Wills and Codicils heretofore made by me. PIRST: I give and bequeath all of my household goods, library and all books, personal effects including clothing items, and any vehicle which I may own at the time of my death, to my husband, CARL E. YOUNG, provided that he survives me. SECOND: I devise and bequeath all the residue of my estate of whatever nature and wherever situate, including any property over which I hold power of appointment and together with any insurance policies thereon, to THE UNITED' METHODIST STEWARD- SHIP FOUNDATION OF CENTRAL PENNSYLVANIA of 900 South Arlington Avenue, Harrisburg, Pennsylvania 17109, (hereinafter the "Stew- ardship Foundation"), or its legal successor, upon and subject to compliance with the following terms and conditions: (A) The Stewardship Foundation shall enter into an agreement to pay to my husband, CARL E. YOUNG, an annuity on a monthly basis for and during the term of his life, the amount of said annuity, on an annual basis, to be determined by applying the Stewardship Foundation's standard single life gift annuity rates adopted by the Stewardship Foundation and in effect at the time of my death to the gift made hereunder, said rates to be based upon the age of the annuitant named above at the time of my death. (B) The stewardship Foundation shall provide in said agreement, and related documents, that upon the death of my husband, CARL E. YOUNG, the balance of the fund shall be paid to The stewardship Foundation, or its legal successor, to be placed in the Martha B. Young Memorial Fund. Income from the Fund is to be used to maintain the Memorial Garden adjacent to the new \ ,~ ~ '\ ~ , ~ )~ o r. Alzheimers Unit at Bethany Village Retirement Center, 325 Wesley Drive, Mechanicsburg, Pennsylvania 17055. If, in the jUdgment of the Board of Directors of The Stewardship Foundation, or its legal successor, proper maintenance is not being done or the Memorial Garden ceases to exist, the income shall then be used for children and youth work in the Central Pennsylvania Confer- ence of the United Method Church, or its legal successor. (C) Upon the entering into of an agreement by The Stewardship Foundation containing the conditions set forth hereinabove, my Executor shall have no further duties with respect to the enforcement of said agreement, it being my inten- tion that my Executor may be discharged upon the execution of said agreement. (D) It is my intent in this CLAUSE to make a charita- ble gift to provide an annuity for the person named above. THIRD: Should my husband, CARL E. YOUNG, predecease me or disclaim the charitable gift annuity as set forth in Clause THIRD herein, I make the following disposition of my estate: (A) Except as set forth hereinabove, I give and bequeath all of my household goods, library and all books, personal effects including clothing items, and any vehicle which I may own at the time of my death, to my step-daughters, MARY LOIS YOUNG MILLER, MARGARET YOUNG WRAY, RUTH YOUNG MCGUIRE, and KATHRYN YOUNG CARMINES. (B) I devise and bequeath all the rest, the rest, residue and remainder of my estate of whatever nature and wher- ever situate, including any property over which I hold power of appointment and together with any insurance policies thereon, to THE UNITED METHODIST STEWARDSHIP FOUNDATION OF CENTRAL PENNSYL- VANIA, or its legal successor, to be placed in the Martha B. Young Memorial Fund. I direct that income from the Martha B. Young Memorial Fund is to be used to maintain the Memorial Garden adjacent to the new Alzheimers Unit at Bethany Village Retirement Center, 325 Wesley Drive, Mechanicsburg, Pennsylvania 17055. If, 2 ~ ~ ~ \,j ~ ~ ~ ~ ~ ~ ~ ~ ~ J": () :. in the judgment of the Board of Directors of The Stewardship Foundation, or its legal successor, proper maintenance is not being done or the Memorial Garden ceases to exist, the income shall then be used for children and youth work in the Central Pennsylvania Conference of the United Method Church, or its legal successor. \ FOURTH: In addition to all powers granted to them by law and by other provisions of this Will, I give the fiduciaries acting hereunder the following powers, applicable to all proper- ty, exercisable without court approval and effective until actual distribution of all property: (A) To sell at public or private sale, or to lease, for any period of time, any real or personal property and to give options for sales, exchanges or leases, for such prices and upon such terms (including credit, with or without security) or conditions as are deemed proper. This includes the power to give legally sufficient instruments for transfer of the property and to receive the proceeds of any disposition of it. (B) To partition, subdivide, or improve real estate and to enter into agreements concerning the partition, subdivi- sion, improvement, zoning or management of real estate and to impose or e~tinguish restrictions on real estate. (C) To compromise any claim or controversy and to abandon any property which is of little or no value. (D) To invest in all forms of property, including stocks, common trust funds and mortgage investment funds, without restriction to investments authorized for Pennsylvania fiduci- aries, as are deemed proper, without regard to any principle of diversification, risk or productivity. (E) To exercise any option, right or privilege granted in insurance policies or in other investments. (F) To exercise any election or privilege given by the Federal and other tax laws, including, but not necessarily being 3 ~ ~ ~ \j~ ~ ~ ~ ~ ~ ~ ~ l~ G :: # limited to, personal income, gift and estate or inheritance tax laws. (G) To make distributions to my herein named benefici- aries in cash or in kind or partly in each. (H) To borrow money from themselves or others in order to pay debts, taxes, or estate or trust administration expenses, to protect or improve any property held under my will, and for investment purposes. (I) To select a mode of payment under any qualified retirement plan (pension plan, profit sharing plan, employee stock ownership plan, or any other type of qualified plan) to the extent the plan or the law permits them to do so, and to exercise any other rights which they may have under the plan, in whatever manner they consider advisable. FIFTH: I direct that all inheritance, estate, transfer, succession and death taxes, of any kind whatsoever, whichUmay be payable by reason of my death, whether or not with respect to property passing under this Will, shall be paid out of the principal of my residuary estate. SIXTH: All interests hereunder, whether principal or income, which are undistributed and in the possession of the fiduciaries acting hereunder, even though vested or distribut- able, shall not be subject to attachment, execution or sequestra- tion for any debt, contract, obligation or liability of any beneficiary, and furthermore, shall not be subject to pledge, assignment, conveyance or anticipation. SEVENTH: I nominate and appoint my husband, CARL E. YOUNG, Executor of this, my Last Will and Testament. In the event of the death, resignation or inability to serve for any_ reason whatsoever of the said CARL E. YOUNG, I nominate and appoint KATHRYN YOUNG CARMINES, Executrix of this, my Last Will and Testament. In the further event of the death, resignation or inability to serve for any reason whatsoever of the said CARL E. YOUNG and KATHRYN YOUNG CARMINES, I nominate and appoint MARY 4 '! . '1 LOIS YOUNG MILLER, Executrix, of this, my Last Will and Testa- ment. I direct that my Executor or Executrix, as the case may be, and their successors, shall not be required to post security or a bond for the performance of their duties in any jurisdic- tion. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this, my Last Will and Testament, this ??)CJC day of /]~ .~J A 1.- , 2000. (/A-l_O 't/~ JhtUlY-!~ !1 MARTHA B. YOUNG rM~ / (j (SEAL) Signed, sealed, published and declared by the above- named Testatrix as and for her Last Will and Testament in our presence, who, at her request, in her presence and in the presence of each other, have hereunto subscribed our names as attesting witnesses. Address Address 5