HomeMy WebLinkAboutOC1971-0359 - ESTATE OF BOLYARDQ!nmmnulUtult1Jnf 'tuuayluuutu.~
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KNOW ALL MEN BY THESE PRESENTS:Whereas,at Washington,in the County :tforesaid
on the 30th.day of March A.D.19 7+be~ore me,
Russell Marino ;Register for the Probate of Wills and Granting
,,
Letters of Administration in and for·the County of Washington,in the Commonwealth of Penm.ylvania,
the last Will and Testament of
Helen Ebeling Bolyard aka Helen E.Bolyard
late of South Strabane Township in the County aforesaid,cbceased,
(a true copy whereof is to these presents annexed),was duly admitted to probate;and
GUy J.Bolyard
the Executor in said Will and Testament named,having appeared before me and taken and subscribed
the oath of office pr,escribed by law;
NOW,THEREFORE,I,Russell Marino ,Register as afore~aid,do
grant these LETTERS TESTAMENTARY,unto the said
Guy J.Bolyard
committing unto him the administration of all and singular the goods and
chattels,rights and credits,which were of said deceased,and requiring him
to exhibit a true and perfect inventory thereof into ,the Register's Office,at VVashington,within ninety
days from the date hereof,and to r,ender a just and true account of said administration at the expiration
of six months from the date hereof:and to regard and comply with the provisions of the laws of tJhis
Commonwealth relating to inheri.tanoe taxes.
IN TESTIMONY WHEREOF,I have hereunto set my hand and the seal )f said
Office at Washington,this 30th.
day of March in 'the year of our Lord·one thuusand
nine hundred and seventy-one
~~:.
RegIster
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LAST WILL AND TESTAMENT----------
.QE
HELEN EBELING BOLYARD
** * *
I,HELEN EBELING BOLYARD,of the Borough of East
washington,washington county,pe~sylvania,do hereby maka
my Last Will a71d Testament and revoke all \ol"il1s by.me at any
time heretofor~made.
ITEM I.I direct the payment ou~of my estate of
the ~xpenses of my illness and funeral.
ITE!vI II.I give,devise and bequeath to GUy J'
Bolyard,m,y husband,all the rest,residue and remainder of
'-7r
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"
_my estate,real and personal,wh~resoever situate,his heirs,
assigns,forever,if he survive me.
If GUy J.Bolyard does not survive me,then:
give,devise and bequeath all the rest,r~sidue and rema:.nder
of my estate,real and .personal,-and wheresoever situate in
equal one-ha:"f shares to my sisters,W.Rowene Ebeling:a::ld
Virginia Ebeling Robinson.
IT3M III.If GUy J.Bolyard survive me,I r_on:inate,
copstitute and appoint Guy J.Bolyard,Executor of this My
Will,and I direct that he shall not be:-equired to enter
security in any jurisdiction in which he may act.
If Guy J.Bolyard shall not survive me,or if he
shall fail or refuse to qualify,then I nominate,co~tute//"~.....~eandapPoint~lc..:t..!Executor of this My Will,and
I direct th3.t~..sahlI not be requirfed ,to enter security in.......---..
any Jurisdiction in,which ~may act~
~!4L7~4Y
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IN WI':]'NESS WHEREOF,,I have'set my hand and sea1-
to this my Last Will and Testament,which cO:lsists of,(2)
pages,to each of which I have affixed mys1.;nature,this
IJd day of ~~,.£'V'"1954.
•
_-----::-bz..I::L~~·~-E:=:t.~~=:::':~~.~4=j:::::.~..=::!41.-/::600-_'~tSEAL)
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Signed,sealed,published and dec::..ared by Hel,en
Ebeling Bolyarc.,the above named testatru,as and for her
Last Will and Testament,in the presence of us,who at her
request,inhe~presence,and in the presence of each otne~,
all being pres~nt at the same time,have hereunto subs.crlbed
,
our names as witnesses.'
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~J.7/..359 J
"ffiikautt (@f iExrrutnr tOOr "~mtut!itrutnr
§tate nf 'ennnyluauia l n.n:
Q];nunty nf ltan4ingtnn )
Personally before me,the undersigned authority.a ~~.~.?-~.Y.~.~p.1J~in and for said
County and State,appeared G.P.:¥..J.!J~9.~I~@ who,being duly
sworn acc0lft~~It:lrl.~&(;S~5iMrthat he is the executor~~~~ofth:l es-
tate of alkla-··I:lE-LEN-..E......ROL¥ARD...~..deceased,that the foregoinRE'f~~tflElfi~et:.h1>tYARD
complete inventory and appraisement of the real and persona]estate of .aJ-k-/-a...HE.LEN-..E~-..BOLYARD
deceased,except real estate outside the CommonV"ealth of Pennsylvania;that the figures opposite
each item of real and personal 'estate in the foregoing schedules are determined and stated by the
undersigned to be the fair value of said items as of the elate of the decedent'~,",~~r~E!ue~edUI=on a
just appraisement of each item.made by the above named Executor .AXlln~
Sworn and subscribed before me this ·..·..·.<·'-..·......1 ~Q ..-~g 6.J rJ'~O~~iibliC.....J....,.r··f1!~;f~i~~'td;;;r;.i;t~i~~···········_········
\aTashington,Wash.County,Penn'a .ADDITIONAL INSTR.UCTIO~S
My Com.Exp.Feb.2U,19751.An inventory must be filed within three months after appointment of personal representdive.
2.A supplemental inventory must be filed withir thirty days of discovery of additional assets.
3.1 Original and 2 Copies and 2 RCRI-34,Under $10.000;1 Original and 2 Oopies and 2 RCliI-33,
Over $10,000,including Copy of Will;1 Origiral a:ld 3 Copies and 2 RCRI-33,Over $50,001),in-
cluding Copy of Will and copy of Federal Estate 'lax Return.
REFERENCE FOR ADD:::TIONAL COPY
Act of 1947 P.L.513 Sec.5.2,72 P.S.4844.2
Washington County,Pa.,taken and made in conformity WitK)the above affidat-it.
DOLLARS
PERSONALTY
200 sh American Telephone &Telegraph,Com.Stock
(@ 48-13/10 9,763 50
CENTS
Div.on A.T.&T.Stock-4/l/7l
600 sh Delaware Fund,Inc.,Com.Stoc~(~14.25~)
Div.on Delaware Fund Stock-2/23/71
3,650 sh Dividend Shares,Inc.,Cap.Stock (@ 4.06~)
130 00
8,553 00
60 00
14,837 25
Blue Cross of W.Pa.-Refund on pr€miums
Medicare-Reimbursement for medical expenses
1,083 sh Nation-Wide Securities Co.,Inc ..,Cap.Stock
(@ 11.25)
Div.on Nation-Wide Sec.Stock-4(1/71
REAL ESTATE
Total Personalty
NON E
TOTAL ESTATE ..
12,183 75
108 30
56 65
206 20
45,89E 65
NONE
45,89E 65
dS3k'
t3-7/-3sc;
Inventory and Appraisement
IN THE ESTATE OF
HELEN EBELING BOLYARD,
a/k/a HELEN E.BOLYARD......................................................"Deceiis'e'd'
Filed Oct.26............................................,19 71............
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A#Y~¥J-.s--S---~~
STATE OF PENNSYLVANIA,
WASHINGTON COUNTY,}55:
The within named 'Accountant being duly sworn according to law,depose Sand sayS that the above account-
as stated is true and correctas _!?-_~_._._\.'erily believe,
Sworn and subscribed before me tr,is ~.,.
doy of .;:;...{)'".~().I>~~......::19.Jl.....
-··,·--~·~c···-·····
Washington,Washington COU:lty,Penn'a.j
My Commission Expires:Feb.20,1975
Wa1shington County,ss:I do certify that I h::Jve given leg'al notice 'to all persor,s
cono:erned of the finng (of the within accoun~in the mcnne-r
prescribed by Statute ane Rule of Court,as evidenced by pmo':s
thereof filed to No...b3.=Jl_~~_5 __...
Witness my hand a,d official 'seal thiS;)~_~__...__.._....
11........~.---.---------,-;-----..-.19--.----..
I\/\\....~~._..__._--_._-------------_.._--_._-
Register of Wills
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....,....,~.0 1-0 d::l :0 cd~....,0 ....,.J)
i :en d 0 ~t ~d -::l ::l $;..,~0 '~i Q)0
Q ~<.>,Q <.><.>'~....,<.>Ii ~~<..-r'r -.~·oo:.l,0 <;S $-/,~,1 1 ....,:.!tl ~1-0!:1-0 Z01,.".f )'l;!:Q)0 a:~....:I ~:~--"-....Q)[8 H .........,
'i¥0 ....:Ii ;::l d 3:0 ~~00Q)Q)
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o l:Qi rli .;Q)(~b j;1:i Q)1-0 --1-0 0
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I if'ri:"1l:Q ~;c.(S!oi oj oj ~HEGiS-TEH ,."r"\'/1 LLS d Q \rl,l ~....:Ii l:Qi Ur fi3,.....;~:~i :a ....,Z £:~'i ASIll NGTON ....,
Ii'Z ::I:;rni CO ..PA '~'"~.:.~C"'li,~i $-I:~:. I ~1.0:,H ttl;.r-!;Q)~,Q:i ~,-.......:~!~~.....,H:,
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The Court is respectfu Ily requested to determine
proper distribution'lin this estate.
1\~~c~?n,~_~
Counsel for Accountant
T~e First &Final Account cf Guy J.Bolyard,Executor of the
Estate of HELEN EBELING BOLYARD:also known as HELEN E.BOLYARD,
deceased,late of South Stratane Township,Washington County,
Pennsylvania.
The Accountant is charged,as follows:
-----------------------------------------------------------------
To amount of Inventory &App=aisement
Dividends on Dividend Shares Stock
Dividends on Delaware Fund Stock
Dividend on A.T.&T.Stock
Dividend on Nation-Wide Securities Stock
$45,898.65
182.50
120.00
130.00
108.30
Total Assets of Estate $46,439.45
Total Credits Claimed 7,206.42
Balance Due Estate ;.39,233.03
The Accountant claims cred:.ts out of the assets of said
Estate,as follows:
-------------------------------~------------------------_.'-------
Russell Marino,Reg.
Wash.County Reports
Observer Pub.Co.
Russell Marino,Reg.
Marie Guidos
3/22/71 Barnhill Funeral Home
3/27/71 Howard Wasler,Florist
5/11/71 Dr.Martin Stutz
5/11/71 Dr.Lowell G.Lubic
7/15/71.Gaydos Monument Co.
Alexander McIlvaine
Russell Marino,Reg.
Letters Testamentary
Executor's Notice
Executor's Notice
Filing Inventory
Notary Fees
Fur.eral Expenses
,
Fur:era1 Flowers
Doctor Bill
Doctor Bill
Monument
At::orney's Fee
Filing Account:
Total ".
$19.50
14.00
14.00
3.00
5.00
2-,396.95
150.00
220.00
30.00
1,716.00
2,621.97
16.00
:,206.42
"-;..,..
!Observer .Reporter
WASHINGTON,PENNSYLVANIA
PROOF OF PUBLICATION
In compliance with the Newspaper Advertisi::J.g Act of 16 May.192~.
P.L.1784,3;S amended.
Commonwealth of Pennsylvania.County of Wash ngtc·n,55:........•..•
Personally appear,ed before me.a Notary Publ:c in and for said Count-
and State•......Ri.chard S C.QWan who being duly s,wor:l
according to law.deposES and says that he is the y~.~.~.:'::g..~~.~JQ.~~t
of the Obslerver Publishing Company.a f'lennsylvania corporation.and itEl
agent in this behalf;thE.t the said Company is,the.owner and publisher d
the Observer·Reporter,EUcc'essor to The Washington Observer,establishe:J.
September 18,1871.and The Washington Reporte!",established August 1~.
1808.a daily newspape,r of general circulation.printed and published an:J.
having its place of busineS's at Washington.Was:lington County.Pennsy·,·
vania.where it or its )redeces-sors have been established and publishoej
continuous'1y for more tl13n six months'prior to the publication of the notice
hereto attached;tha;t tte printed notice or adver:isement herato attache:!.
is a 'copy of an official 3.dvertisement.ofEdal notiice.legal notice or le,gE.!
advertis,ement,exactly as printed or published in the Obslerver·Reporter i:l
its regular editions on the following date or date,E,;..
........................Ap.ri.l 7.•.14.a.n.d 2.1..,19..7.1 ,.
that neithe'r th!e affiant :lor the Observer PUblishimg C'Jmpany is interes-ted
in the subject matter of s,aid notice or advertising a.nd that all of the aHe,ga.·
~~~n~~~~.this affidavit l'S to the tim~'...~2.zg::.
"0
{
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71B:?'-Wed-3t
-------1
Sworn to and SUbs~~~ore me.this..E...d~.YY /1of....P.p.~%:..~~..J9..~---ff1'~~1§G~~~~-
MY COMMISSICN EX?IRES MAY 6.1972
Washington County Reports'
Was!lington#Pennsylvania
(PUBL.lSHED BY W.'SHINGTON COUNTY BAR ASSOCIATION)
PROOF OF PUBLICATION
b compliUlce with tbe Newspaper AdverLsing Act of May 16,192£,
P.L.1784 Sec.S,paragraphs (S)and (25).
'COUNTY OF VIASHINGTOr-}88.
STAT}.OF P:':rtNSYLVANIA .
?ersonall~appeared l:efore me,a Notary Public in and for said Coun)'
and Commonwealth,CHAFLES C.KELLER,\\'ho,being duly sworn,depos~s
md says:that he is the EcLtor of the WASHINGTON COUNTY REPORT3,
:he o3iciail leeal periodica-for said Washingtm County,published -veek:.y
aav,ing its pl:tc.e of business.at Washington,WaS':lington County,Pennsy.vania,
and B acting :lS its agen:in this behalf;that the said WASHINGTCNCOU~TYRE?ORTS.was established on March.31,1920,and was desisnat,;:d
as th~officia-legal publica'ion for Washington County,Pennsylvania,b:,order
:of th,·~severa-(.ourts of said County,dated NovetIber 11,1920;that the :>rincd
notic';)or ad~e,·tisement atGched hereto is a cow of a notice or advertiseme::lt,
exactly ,as p:-in.ted or published,which appeared in the said legal periowcalin
its r€gUlar isLes on the fonowing dates:
.......~p.t.~.!~.L..!:?..P.?.?..l !.?.?..!..
....-.
Estate Noticell
The Regi3ter of WiHs has granted
letters,testan:.entary or of administration,
in the following estates.Not:ce is hereby
given to all :Jenons indebted thereto to
make paymert without delay and to those
having clains :>r demanes to present
them for settlement to the Executors or
Administrato:s cr their Atto'"1leys.
• • ••••••••••• •• • •
BOLYARD,HE::"'EN EBELING,a/k/a
HELEN E.BC'LYARD,Dec'd.
Late of S:Jut:i Strabane Township,
WashingtoL C,mnty,PenllE..Executor:Guy'J.Bolyard,!R.D.#3-
Box 92,Wa3himgton.Pa.1;301
,Attorney:.'l.lexander McIlVOtine.33 W.
,Beau Stree:,Vashington,?a.15301
-----=------~r1
".that the aff:iaIlt or ,the co:poration in behalf of which he is actin!;:is :lot
inteJested ill the subject n:.atter of said notice 0:"'advertising and-,t,hat an of :he
aller.ations ~.f this affidavit as to the tj~,,Pface md characterpt,tl~PUh:liCaji6iitn&are true L//I','1/(L./Jy ,/.0:lc;[i'tJ ~.;Jt,/I/~?~
Swan to "'""""oribo<'bof",~~----------'---~;C1"';;];:"ll1"'~'<=-.
.....~?.P..g c.a;"of ~P.#.J:,19 ?!.
(i oJ ...,./)•,}'*-7..?t'::J·d..~r:N<...8......··~-7..~~:..:::!::~~U "1)Notary P'Uihlic
JCS:PHINE T.SC~MANNA
Ilotary Pl'bl c,i·,:i;~hin.~t')r,Washington Co.
My Cc;n:nissi,m Expire;July 1.1974
Qtnurt nf Q!nututnn
(@rpqann'
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lUran nfllaaqingtnn
Qtnurt iiuininn
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mnunt!}
In the m3ltter of the Audit of Account in
Estate of_-'H~E~L~E~N~E~B~E~L~IN~G~B~O~L~Y~A~R~D=_.,...,-_I 63-71-359No._--=:.c=....----=--=--=-=--=_
a/k/a HELEN E.BOLYARD,
Deceased
TO THE AUDITLNG JUDGE:
Enter__-=-m~yJ-appearance for --=A:.:.c=c:..::o~U::::.n=t:..::a~n=t"___
----December ,19.-Z.L15thdayof
N.B.-Counsel shall,by separrute paper,present a concise statement of each
claim,wHh supporting calculation of any inteTE,st claimed.Objections
to an account as filed,shall be concisely stated in a separate paper.
Council suggesting proper distribution shall file a separate concise state-
ment in that regard.
,,~M'l'~~'r"~~,.;*",,",.it J !'-.'~!",~"~~l-jJl
'72 J,GN 20 Arlin 26
RU '~(::'.·~i I ·J;\f.lI},IO~'.'>v t -_"r·,"".I \11
REGISTER OF WILLS
WA'SHiNGTON co..PA.,
No.63-71-359
In re Audit of Account in Esta;te of
HELEN EBELING BOLYARD.
a/k/a HELEN E.BOLYARD.
Deceased
AUDIT
'ra:erip:e fnr !\pp:earaurr
FOR
Accountant
Attorney
~2
Testate Form
PETITION SUR AUDIT
IN THE ORPHANS'COURT OF WASHINGTON COUNTY
II"!!II...-----------..,...---~~------------..---._----------....------...J
Estate of ~~1~.~~.~~~;I;~9..J~Q~XMP~,._...__
...f?./.~i~~.~~.~~~.~.._~9.~X~~~__.__.__.
.63-71-359No ___.
FiducialiY g~y.J:~~9JY~~.~:.1 _ .
Executor
Deceased
..................................,_-,;__.'--.--..-..__..
Date :>f Date of '
Decedent's decith ~E-~h.J.?)J~.?~.____:___Grant of Letteil"s.._~.~~~..}Q.L .h.~z:r ..:'__.
This is the :.._..·..X!~~.1;:~...f..t~§J :,account filed in fhis estate
.~.~..
If there have been former accounts filed in this estate,list file number or number and term _":'.:::::::::.':'.
~.._..__..- -..~__-;.__ __-_.---.--'_-_.,_..:.~_ _..__.
Elect~on to take
Under or Against will.(cross out one)
Date Election Place of;
.Filed _Record .
Nam~of surviving spouse __Gyy J.L._:a.9.J,..Y.~_+:~L _.._.._.:___ _.._.._ .
List ssue,where material:
None·
Did decedent marry after execution of will?(jndlcate)~No.Any children born after execution of will?(indicate)
me No.If answer yes,name them..,...............•......-,_ - _..__.._ _ _..c••••••••._•••__•••••••••.
.._-___._-_--__;._--_--___-..--_-_--_.-
Leg.atees Relationship Interest Fiduciary,if deceased or not sui juris
Guy J.Bolyard husband Entire estate
,.
,!
Li~t,if Elxceptions to above:Adeemed:Revoked:Lapsed:Ab.::Jted:Give Cause:
No exceptions
If partial intestacy,give facts:
None
N:>tice to interested parties.Have an parties,having either vested or contingent interests and all crediors entitled
to notice (Court Rule No.9 paragr<~.eb C:Section 6:Subdivision c)received written notice of the fi ing of the aCCCount
and of call of audit?Yes.IW(
If any exception give cause::~~:
File copy of Notice
a.,d date of mailing.::X~.1;:J~J9.~~~..j..~!?~~.Y...Jn-.~~E-~~J~~9:..J?~;.~y _,.
I'
,
Is estate subject to the filing of a Federa,I'Estate Tax Return?~!:.~<~.?.p.y...!~~.~~~.~.~~.~~.~~>.....,.
Actual payment made on Pennsylvania Transfer Inheritance Tax.Amount $J?9.Q.!.9.Q .
If the Will makes any portion of estate subject to a life-estate,give name and birth date.of life tenant :':'.':'::':'.":".:':.
Give Names and addresses of all unpaid creditors who are legally entitled to notice,together with the amounts
of such claims;state whether they are admitted to be correct;and whether the claim is denied.
None
Give reference to such parts'of the will as require interpretation by the Court;a reference to all questions re-
quiring adjudication,and a statement of any other facts deemed necessary for the preparation of the adjudication:
Guy J ..Bolyard,sole beneficiary under decedent's Will,has agreed to
advance from his own funds sufficient moneys to pay 'decedent's debts and
administration expenses,in order to preserve certain assets of the Estate,
which he has elected to take,.in kind,per attached Election.
Balance for distribution per account,
Itemize any additional debits not shown by account:$..J~.,.h}J.=.Q.~.
$.
not shown by account:
,$5.50
1.00
Total additional debits (Add)
Itemize any 'additional credits
Cert.copy of Will
Marie Guidas -notary fee
Total additional c,redits (Subtract)
Balance for distribution
$9.!.~.Q .
$.:?9..1.?7..fJ..•.:?}.
If balance for distr,ibution is not in cash,list each-item held in kind,giving'appraised Value,(or distribution Value);... .):
200 sh A.T.&T., -Cormnon Stock
600 sh Delaware Fund,Inc.,,.Cormnon Stock
'3650 sh Dividend Shares,Inc.,CormnonStock
1083 sh Nation~Wide Securities Co.,Capital
.app.at $9,763:50
""8,553.00
I)I}14,837.25
Stock II "12,181.75
"45,337.50
....c.
IN THE COURT OF COMMON PLEAS or·WASHINGTON COUNTY,PENNSYLVANIA
ORPHANS I,COURT DIVISION
IN RE:
Estate of
HELEN EBELING BOLYARD,
a/k/a HELEN E.BOLYARD,
Deceased
)
)
),
)No.63~71-359
)
)
)
)
ELECTION
,AND NOW,November 7..1 '1971,I,GUY J.BOLYARD,hereby
elect to take,in kind,as part of my distributive share in the
above Estate,the following assets:
200 sh American Telephone &Telegraph Co.,
Common Stock app.at $9,763.50
600 sh Delaware Fund,Inc.,Com.Stock -""8,553.00
3,650 sh Dividend Shares,Inc.,Cap.Stock -" "
14,837.25
1,083 sh Nation-Wide Securities Co.,Inc.,
Capital Stock ""12,183.75
45,337.50
,,
\.
If Family Exemptio~claimed by Petition,give place of Record:':':~.':'.~.':'.~.':'-.
If Family Exemption is claimed at audit,give name,relationship and basis for Claim:.
Family Exemption claimed by Guy J.Bolyard,husband.
List a,y advancement or distribution on account that has been made,and nature and amount of same:
None
Suggested distribution of balance shown,both as to principal and i,ncome,attaching signed and itemized electiom
to take in kind if balance is not in cosh:residuary shares being stated in proportions:
8,553.00 r
12,183.75
14,837.25
:it
at
Shares,
at
E'ntire balance,including fo11ov.~in5
assets,in kind,per attached Election:
200 sh A.T.&T.,Com.at $9,763.50
600 sh Delaware Fund,
Com ..
3650 sh Dividend.
Com.'
1083 sh Nation-Wide
Securities,Cap.
GUY J.BOLYARD,husband
COJNTY OF WASHINGTON,55:
CO\AMONWEALTH OF PENNSYLVANIA.
The above named Fiduciary or representative thereof,
And your petitioner will ever pray,etc.
·.i:::I~'!!!::~~::·::.::::::::::::::::::::::::~::::
bei,g duly f?WQ.m doth,depose and say
thct the facts set forth in the foregoing petition are true
to ~he.best of..bi.s knowledge and belief.
....~W9.t:n to and subscribed before
me this ·.~.r day Of NgY.~~t?~.;:~19Il..'?J ',
Si£nature of Officer ~.
Title of Officer ~~.t;.~?:Y...~~~.~!.~.Washington,Washington County,Pennsylvania
Office expires :f..~.p..t ~.Q~..J9..7.~.
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No.63-71-359
Estate of..Ht,;L.E.N...EB..KL.IN~..J}.QI..¥.A@.,...Ff ~~LV-,,}
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a/k/a HELE~E.BOLYARD
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Deceased
Fiduciary 9.~y..:l.:..)~oly.ard,........................................__.......
..............~~~~~.\!:I;;..9.1;.
PETITION SUR AUDIT
FROM WHERE DECEDENT LEFT A WILL
Counsel of Fiduciary will submit herewith the
following,in conformity with Court Rules
adopted effective December 3,1951,being
rule No.9:paragraph b-c;and divisions
thereof:shown on pages 23-24.
1.Written praecipes of all Counsel in the
case.
2.Copy of order appointing Gua~dian ad
litem,if pertinent.
3.Copy of Order appointing Trustee ad
litem,if pertinent.
4.Proof of service of above.
5.Letters Testamentary or Administration
C.T.A.or an att~st copy of Will.
6.Copy of inventory and appraisement.
7.Proof of advertisement of grant of letters
if not filed with account.
8.Certificate of liens in case any of the
funds for distribution are from judicial
sale of real estate:
9.Signed and itemized·elections if any
distribution in kind.
10.Copy of Federal Estate Tax return if es-
tate is subject thereto.
ALEXANDER McILVAINE
Attorney
~2
972 JM~2n A1'1 10 25
RUSSELL t,U\HiNO
REGISTE.i OF WILLS
WASHlt~GTON CO..PA .
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IN THE qOURT OF COMMON :PLEAS OF ·WASHING.TON COUNTY,'PENl'fA .
•'..'ORPHANS'COURT DNISION .,.
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-HELEN EBELING BOL~ARD;a/k/a
The HoporableP.VINCENT MARINO,Judge of the
said Court.'
No.359 of 1971
IN-RE:
..Estate of "
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ELEN -E.'BOLYARD,..=l:~Deceased.;-.:i
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ALEXANDER'M;8ILVAINE"Esquire,of Was hipgton,P .,
.representing.th&Accc"untant:
WE)dnesday"December'1,5,1'~71;at 10:00,A.M.,EST
attorrieysisuPd,exander McIlvC::i~e.LV+r.McIlvaine?...
Ebeling -Bolyard,deceased.The'ExecutorAs Gu.y J..Bolyard and the
.papers in this estate~',includiIl:g th~election of lVlr:Bolyard to tak'e
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Number.'359 of 1971.·the estate of Helen
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in kind.'f'here are no comp~_ications..Everything is paid.
THE COURT:Is there anyone else,in Court interested in t is
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ESTATE OF
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63-71-359No.-=-_
Helen Ebeling Bolyard In the matter of the First and Final
deceased Account of__G....;,uy"--J_.:..-B_o....;l.;;;.cy....a....;r....;d'--_
Executor
SCHEDULE OF DiSTRIBUTION
53
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$46,837.50 ~.9.266.29'
ADJUDICATION AND DECREE
And now January /t ,19-E,this matter came on for hearing,
audit and distribution at this session and testimony taken;and thereupon,upon due consideration
thereof the bgl~ce for distribution in ,the hands of the Ac.countant.is deter~i,:ed to be
$39,22.3 and the accoun1 is accordingly confirmed;and It IS ordered,
adjudged and decreed that the said balance b~paid O'Jt by the Accountant in accordance with .the
schedule of distribution hereto attached and lTlade a part hereof,unless exceptions hereto be flied
sec.reg.or an appeal be taken herefrom sec.leg.
Balance per account $39,233·
Additional credit asked at audi t 6.50
Balance $39,226.
Deduct Clerk's Costs &Receipts 47.00
$39,179.
Attorney Alexander McIlvaine ~;;L.
Russell Marino.Agent,transfer inher i tance ~#~
tax,Jl628,12 (7
~.11$51•.
~,..317'Contribution to maintain assets of ~Btate in .~Ii'/..kind for distr~but~on,
Guy J.Bolyard,husband,Family Exemption,BS
requested at audit,1500.00
$45,.337.50
14837.25
12183.75
Guy J.Bolyard,husband,residue,including
the following assets,held in kind and distri-
buted as such at t.he appra ised v.!Q ue,per elec-
tion filedj-
200 sh~res American Telephone &Telegraph Co.
$9763.50600sharesDelawareFundInc.CO-:l1.8553,,00
3650 shares Dividend shares,Inc,.
Cap.Stock
1083 shares Nation-Wide Securities
Co.Inc.lt5"31;\£50';O
No bal~nce
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In tpe matter of the
Account of
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Abjubirntinu nub m~tr~t'
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,972 JM!T.0 nH!O Z5
RUSSE LL~\Af~\~i 0
REGISTEE OF WillS
W,{\SHINc;TON co.,PA.
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Form RCC-33
RESIDE:S7 DECEDENT
COMMONWEALTH OF PENNSYLVANiA
DEPARTMENT OF REVENUE
BUREAU OF COU\,lTY COLLECTIONS
COUNTY OF Washington
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IMPORTANT:.This return must be completed in detail and riled in duplicate,with will attachec-,with the'
Register ,of Wills.of the County where decedent resided;fleturn is due within ene'year .after .,
date of death,unless an extension is granted by the Secretary of Revenue.(Section 703 of
the Inheritance and Estate Tax Act of 1961.)
~~l~~l~J~~~.!..r!i.~::~:::__}=u::OF ·
Washington .~iLateof,,...................""..................County
::.~~-~s::~~~:----~:~:_-J"'-
GUY J.BOLYARD
~mJ ························~f····th·~..·~~t~·t~·..;;r..·th~····~~~~·~~~;~d ....d~~~d~·~·b~i~~··d~;··~~orn.depose '8 ··········~·~d·~~;···S ..···..······.....Eucutor
(Month)
Name and address of attorney or}
Q,ther author,ized repr~sentative to
whom all correspondence should be .
mailed.
,,
Decedent:dJed .March 18 .........19......?.!...,.J testate leaving a last will•.copy of which is hereto attached.}
(lilly)(Year)LiX~.
ExecutorThatassuch deponent is familiar with the affairs of said estate and the property con-
(Ex"c"tor·Administrator)'
Rtitutirg the assets thereof and their fair market valu~.
i
Ttat at the time of death there was no safe deposit box registered in decedent's individual na:l1e.or jointly
with.cr as agent or deputy of another.or in decedent.'s in :lividuai name.with right of access by another as agent
or deputy,with the exception of the following:-
NAME AND ADDRESS OF BANK OR OTHER INSTITUTION THIS SAFE DEPOSIT BOX RENTED REL~TIONSHIP OF JOINT
IN WHICH DECEDENT RENTED A SAFE.DEPOSIT BOX IN NAME OR NAMES OF HOLDEES TO DECEDENT
OOiJWli
That the contents of said safe deposit box or boxes are itemized under Schedules of tUs
return,with the exception of the following,for the reasons hereinafter set forth:
That Schedule A attached hereto and made part hereof sets forth fullv and in de'~all 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 pa:-cel of real property at the date of death"giving
the ·unount still due at death,name of mortgagee,date,rate of interest,and book and pa~e of record
ther~of.It also sets forth in the columns provided therefore the assessed valuation of ~ach of said
parcds,the estimated market value thereof as of crate of death of decedent.
That Schedule B attached hereto and made pan hereof sets forth fully and in de~ai~all personal
prop~rty wheresover situated owned by the decedent at ~he time of death;all moneys left by -;;he decedent
at t~e time of death,whether in decedent's immedi~te possession,standing to decedent's cr~dit in banks
of d3posit,saVings banks,trust companies,or other institutions,whether individually,or in trust for
any Jther person or persons giving also separately the accrued interest thereon,if any,qown to the last
inte-rest day prior to decedent's death in the case of 'savings banks,and to the date cif decedent's death
in all other cases;all bonds,postal savings,treasu~y certificates or notes and other ev~dence of in-
debtedness of the United States to the decedent;'all obligations,whether by statute or agreement they
are designated as tax free,of the United States,or ~ny state,or political subdivisioB thereo~or of
any foreign country,which are oy,ned at the time or de·~th;all wearing apparel,jewelry,sili.erware,pic-
turES,books,works of art,household furniture,--lOrses,carriages,automobiles,boats,an.'!.any and all
othEr personal chattels of whatsoever kind or nature,left bydecedent,together with the fairly estimated
market value thereof;all bonds and mortgages hel1 by decedent and of all claims due ani o'''ing decedent
at T.he time of death,and all promissory notes or',other instruments in writing for the '")ay:nent o,f money
of which decedent died possessed,of whatsoever natu·e,with interest thereon,if any,gi-.ing the face ,.'
value and estimated fair market value thereof,and if such estimated fair market value Je Less than the
face value,it sets forth briefly the reasons for such depreciation as to each item;all moneys payable
to ~he estate from life insurance polici'es carried b;l!decedent;all annuity and endowment contracts the
pro.~eeds of which were payable upon the death of the <'_ecedent;and all the corporate stocks and dividends
due thereon and unpaid as of the date of death,to()nd~and accrued interest thereon to the date of dece-
den:'s death and other investment securities owne1 by the decedent at the time of death,with the market
val-.le thereof at such time.
"
<t,..
In the case of securities of close or family corporations,the values reported are as far as
possible substantiated by financial statements of the corporations,showing the asset~and liabilities
thereof 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 business.
A copy of the co-partnership agreement,(if oral,a statement setting forth the nature of the 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 atta~hed he~eto and made part hereof sets forth a true answer to each inquiry
contained therein and in the case of transfers ofproperty,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 d~cedent,the proportionate share received by each transferee and
all other facts of a pertinent nature reg'arding 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 D 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,ann~itants and beneficiaries for life under decedent's Will.It also
contains a statement showing which of the beneficiaries named in the decedent's will,if any,died prior
to decedent,the dates of their death,their issue,and the 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 or others,including intangible,standing in the name
of the decedent and others,ylus the date and place of record of instruments effecting the 'vestiture 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 CUdiciary's
commissions paid or to be paid;cos.t exp.ended 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 is agreed that the fiduciary will present proof of said claimed obligations upon re-
quest,that if the amount actually paid in Settlement 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", "C","E",and "F"as directed therein,
have been carried forward and properly registered in the Summary.
,','
Subscribed and sworn to before me this
October 11..............................................d:~of ~:~..~..:..:..::~~;19 .
.........................~~le .
Washingtont Wesb~8t~n GauntyIt Penna.
My Com_,kl).reb,:_20,1975
/:,/~'1~~~~~--:--:-:::::~=
.(Street Numb67')
Wasbington,fa.15301.................,.
(City or Town and State)
I
NOTE:Before signing affidavit make sure all blank spaces in the affidavit and schedules annexed are
filled in with details or the word "None",and in case the assets include rare and unlisted securities,
securities of close or family corporations or an interest in any co-partnership or business,that the
data and statements required under the paragraph above relating to Schedule "B"are attached.Also make
certain that column #1 in the "Summary"has been properly completed as above-directed.
,.
RCC-34 (1-64)
COMMOI;olWEAL TH OF PENNSYLVANIA
DEPAR-TMENT OF REVENUE
'BUREAU OF COUNTY COLLECTIONS
TRANSFER INHERITANCE TAX
RESIDENT DECEpENT
SCHEDULE "A"
REAL PROPERTY *"./.
~.,,
Real property in Pennsylvania,with statement of mortgcge E·ncumbrances upon each parcel at deJth of dece-
dent.Where property held as join;tenant or tenancy by entireties,report on Schedule "E".Prcperty held 'by
the decedent as tenant in common with another or others,sn·ould be identified as to quantum of interest and
the estimated value should be that of the decedent's interest only.
The real property located In the Commonwealth of Pennsylvania should be (1)(2)r (3\
descrl,bed by lot and block number,street and street number,together wi tl:.)EPARTMENT
a general description of the property,with a re'erence ta the recard af the ASSESSED VALUE VALUATION
conveyance by which the decedent took title;I:a fa,rm state number of a-FOR YEAR OF.ESTIMATED ,CAUTIONcres;also statement o{mortgage encu'mbrancesupon each parcel at death DECEDENT'S MARKET VALUE (Do not writeofdecedent.Taxes,assessments,accrued Intarest on mortgages,etc.,are DEATH i In this space)to be listed on Schedule IIF"and must not be deducted from thi5 schedula.
N 0 N E ,,
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Insert this total opposite "real property",Schedule "A"in the X X X X X
"As Reported"column on the last page of this return.
RCC-35 •
CO~ONWEALTH OF PENNSYLVANIA
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
SCHEDULE "n"
PERSONAL PRO?ER~Y
INSTRUCTIONS:This Schedule must disclose all tangible and intangible personal property owned individually
by the decedent,at the time of his death.Property owned b~the decedent jointly with another or others
must be listed under Schedule "E".Intangible personal ~ropErty,titled in the name of the decEdert,but
payable at death to another or others,including but not lim~ted to P.O.D.U.S.Savings Bonds &nd tenta-
tive trust accounts,must be listed,despite the fact th€..t they are not of the administered estate.
Tangible personal proper!;y should be listed firs ~(e.g.jewelry,wearing apparel,nousehold
goods,and furnishings,books,paintings,automobiles,beats,etc.)
Intangible personal property,such as bonds,-:.reamry certificates,cash on hand ane.ir bank,
stocks,mortgages,notes,together.~ith accrued interest or -r'llvi.dends,salaries or wages,.insuram;epay-
able to the estate or fiduciary in said capacity,part"lership interests,interest in anyund:lstl'ibuted
estate of or income from any property held in trust und~r the will or agreement of another,e-'en though
located outside ~f the State,at the time of death,shoJld be listed in this schedule.
LNIT ESTIMATED
VALUE MARKEl'VALUE
ITEM
List and describ~fully
Item
No.
DEPft.RT1t'ENT VALUAT:ON
(['0 r,ot write 11
th:ls space),---+--_--------------------+----+-------1-----..;;..---
1,083 sh Nation-Wide 'Securities,Cap.S~ock 11.25
Div.on Nation-Wice Stock.4/1/11
1
2
3
4
5
6
7
8
200 sh A.T.&T.,Com.Stock
Div.on A.T.&T.Stock-4/1/71
600'sh Delaware FundJlnc.,Com.Stoc~
Div.on Delaware ~~nd Stock~2/23/71
3,650 sh Dividend Shares,Cap.Stock
Blue Cross of W.Pa.-Refund on Prem.
48·13/16
4.25\
4.06~
$9,763.50
130.00
8,553.00
60.00
14,837.25
12,183.75
108.30
56.65
7/"1 t 3,::;'tJ
13(J'OC
f;SS3,0 (J
~O·O(J -/'h gJ1 ~.)j
-,113.1~~17"'1
9 Medicare-Reimbursement for medical
expenses 206.20
.1
Insert this total opposite "Personal Property",Schednle "B"in
the "As Reported"column on the :'ast page of this ret'Jrn.
x X 45,898.65;.'j c=.'-!5~<f,vd-~i
t1,.~
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'RCC..:3El
COMMONWEALTH OF PENNSYLVAN:::A
TRA~SFER INHERITANCE TAX
RESIDENT DECEDENT
SCHEDULE 1C"
TRA.NSFER3
(1)Did decedent,within two ye:irs of death,make any transfer of any material part 0Nf his Estate,without
receiving a valuable and ad3quate consideration the~for?(Answer yes or no)0
(2)Did decedent,within two years of death,transfer ~roperty from himself to himself ~nd another or
others (including a spouse)in joint ownership'?(Ar:swer yes or no)No
(3)If the answer to'(1)'or (2)above is in the affirmative state:
(a)Age of decedent at time of transfer _
(b)State of decedent's heal th at time of making the transfer.(Note 1).
(c)Cause of decedent's death.(Note 1).
(4)Did decedent,in his lifetime,make any transfer of ~roper'!;:',"without receiving a valuat·le or adequate
conside,ration therefor which was to take effect in possession or en,joyment at or after hi~death?
(Answer'y'es or no)'No '
(a)Was there any p~ssibility that the rroperty transferred might return to transferer or his
estate or be sU-J,ject to his power or 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 vithcut receiving a valuable and adequate ccnsideration
therefor under which transferor expressly or imI=-liee.ly reserves for his life or any perioe.which does
not in fact end before his death:
(a)The possession cr enjoyment of or thE right to income from the property transferred?
(Answer yes or no)'_No
(b)The right to de&ignate the persons.w10 s,all possess oren,joy the property transferred or
income therefrora?(Answer yes or no:No
(6)If the answer to (5)(b)abcve is in the affirmai ive,state whether the right was reserved in decedent
alone or others -----:-_
(7)Did decedent in his lifetime m9.ke a transfer,the c(.nsideration for which was transfer~e's promise to
pay income to or for the be-nefit of care of transfe:'or?(Answer yes,or no)No
(8)Did decedent,at any time,transfer property,tie beneficial enjoyment of which was sU-J,je.~t to Change,
because of a reserved power to alter,amend,or revoke,or l'ihichcohld revert to deced~nt under terms
of transferor by operation of law?(Answer yes or no)~__'""N:..:o,--_
(9)If the answer to (8)above is in the affirmative,W·1S the power to alter,amend,or revok~the inter-
est of the beneficiary reserved in the decedent alo~e or the decedent and others?
(Answer yes or no)_
NOTE 1:The answers to these questions should be Bupj:orted by affidavit by the attending Ihysician as
well as a copy of the death ce~ificate.
NOTE 2:If answer to any of the above questions i-s YES,set forth below a description c.f '.he property
transferred,it's fair market value at date of death,dates of transfers and to whom trl'-Jnsr'erred,with
relationship of transferees to decedent,if any.~ubm:t copy of any trust deed or instrulllen:;,if trans-
fers are claimed to be non-tax'lble,also submit det:iilecl state!'1ent of facts on which said.claim is based.
NOTE 3:List applicable prope~ty below in manner i~which prOVided in 'Schedules A,B,or E.
ITEM
NONE
DESCRIPTION MARKET VALUE
(Estimated)DEPT.VALUATION
(U~pt.Only)
Ins.ert this total opposite "Transfers",Schedule "C:"i.the
"As Reported"column on the last page of this return.NONE
.,
CCMMONWE.\LTH OF PENNSYLVANIA
rHANSFER INHERITANCE TAX
RESIDENT DECEDENT
SCHEDULE "E"
JOINTLY OWNED PROPERrY
INSTRFCTIOKS:This schedule must disclose all property,real and personal,owned by the decedent jointly
with another or others,including intangibles,standing in the name of the decedent and otiers.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)oll cc-owners to
the decedent.
Description of Property,Date of Acquisition,Name I Unit percentage Estate
Address and Relationship of Co-Owners,and Place I Value Share Valuation
of Record of Instrument,where Real Estate.!
PERSONALTY
The following bank accounts ~ere
held by decedent and Guy J.Bolyard,
her husband,as tenants by the entirEties:
(1)Checking-Acct·Union National B~nk,
Washington,1'a,
-$1,983.93
(2)Say.Acct-First Fed S &L of
Washington (No.1-1285)
(Opened May 1963)-$lO,OOO.OC
(3)Sav.Acct...First Fed 5 &L of
Washington (No.S-3697)
-$10,379.7(
(4)Sav,Acct-Claremont S &L Assrn,
Claremont,Calif.
(Opened May 1968)$3,115.0E
..REAL ESTA~E
The following real estate was owne<l
by decedent and Guy J.Bolyard,her
husband,as tenants by the entireties:
(1)Lot approx,100'x 460',situCl te
in S.Strabane Twp.,Washington
County t l'a.,:Eronting on Locust
Avenue Extension;having erected
thereon l-sty brick house and
garage (See D.B.1243,page 27)
DEP_~TMENT VALUATION
CAUfI01-Do not Write
[n fhis Space.
Value;of Value of
Ent-re Decedent's
Propert~Inte~est
Assessed at-$4,580.00
_~I ,
,,
Insert this total opposite "Jointly Owned Property",Schedule"E".,
in the "As Reported"column on the last page of this return.
...'
RCC-37 (12-63)
<-..COMMONWEALTH OF PENNSYYLANIA
TRANSFER INHERITANCE TAx
RESIDENT DECEDENT
SCHEDULE "D"
BENEFICIARIES
(
h
BENEFICIARIES AND ADDRESSES RELATIONSHIP EURVIVED(If step-children or DATE INTEREST OFStatefullnamesandaddressesofall'Iho illegitimate children I,ECEDENT OF BENEFICIARY
ave an interest,vested,contingent or ot3er are involved,set STATE YES IN ESTATE
wise,in estate)forUI this fact.)OR NO BIRTH
"GUY J.BOLYARD husband yes over 21 Entire estate
a~D.13 ..Box 92
Washinaton.Pa.15301
I
Deponent rurther says that all the above-named beneficiarieE are living at ~his time except below:
NAME DATE OF DEATH
OF THE
~IATTER OF THE APPRAISEMENT
ESTATE OF
HELEN EBELING BOLYARD,
P.-<THE
(Executor-Administrator
must complete "As
Reported"column #1.)
a >-3 '"C =:c....,....~~O·~....e..CIl ::s CIl
CIl CIl 0
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CIl ......'<~...~
Year 1971359(No.Will
:~ntA!imlUi~
a/k/a HELEN E.BOLYARD
Deceased
Late of .South Strabane Township
Commonwealth of Pennsylvania
U":!c::~
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....REPH~1vAND APPRAISALl~'"j'rl :::1 ....'O<t
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County of
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DEDUCTIONS ALL~D II~'ft,·~~,i'.t:tI_1
THE SUM OF ""'"....sf:'Iti!.(~..~.1
"'?i'''ROVE°.ii r.J;,~./=~t rl'i/I
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Rooiller ..I Wills.1
March 18,1971 __
STATEMENT OF crEsTs
AND DEDUCTIONS
D~,TE OF'FILING APPRAISEMENT _-=O.30:C""'tu..__.....l!o...9.!-7L..l__DATS:OF DEATH
,,
ESTATE OF a/k/a HELEN E.BOLYARD LATEoF __-.:-.:..---:S..;.t_r_a_b_a_n_e_T_o_wn__sh_i~p _
O'=F'ICE OF THE
AND AGENT OF THE COMMONWEALTH
r REGISTER OF WILLS
..
OF __W_A_E_H_I_N_G_T_O_N__COUNTY
...-------------.-----------.-c--------~--~~-~--~---~
J
DATE NO.OF NAMli:OF PAYE·E REMARKS A"'OUNT 1VOUCHS;Jq
Russell Marino,Reg.Letters Testamentary $19 50 i
Wash.County Reports Executor's Notice 14 00 !
Obs.Pub.Co.Executor's Notice 14 00 I
I 1IRussellMarino,Reg.Filing Inventory 3 00I II
I 5 00 IMarieGuidosNotaryFees~
3/22/71 Barnhill Funeral Funeral Expenses 2,396195 IHomeI-I
~150100 !
3/27/71 Howard Wasler,Florist Funeral Flowers I
"I
".~-'
5/11/71 220'00 !Dr.Martie Stutz Doctor Bill !
5/11/71
J
Dr.Lowell G.Lubic Doctor Bill 30 I 00 i
7/15/11 Gaydos Monument Co.Monument 1,716100'I
Alexander McIlvaine Attorney's Fee I l~2,621 ,97 ,
--~
Russell Marino,Reg.Filing Account 16100 ,I
e,0,,I,jI
7.206142
j,
Total j
I~~CJ.r~1W:d-"lrz>1
~(UJIY-:~I ~71~1.''''"'"'---....---.;rnr.--At.f'JA .I~t.~~f,I,P_~-.I:J-,fJ/)1I5"'-0 I !-v v -vv ......'VVV.
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(L.5.1
OECIi:AElE::l.AS DEOUCTIONS FOR
DAY 01"
I,
INH!:RITANCE TAX PURPODEf3.
COMMONWEALTH OF PENNSYLVANIA }
COUNTY OF WASHINGTON S8:
GUY J.BOLyARD-------.;~~~----------~HEREBY CERTIFY.THAT.TO THE BEllT OF,
MY KNOWLEDGE AND BELIEF,THt:FORf:OOING IS A J'UST AND TRU E STATEMENT OF DEBTS,FUNERAL EXPEN5.E6 AND EXPEN!l~OF
AOM,INISTf<ATION SUBI~ITTED TO THE E51"ATE OF'HELEN EBELING BOLYARDa a
f3'IIORN AND.flUBSC"'flED ~EFORE ME THIS _:l <:~ctQJ~~~~.~11l-lL.
__-""--"'~:::;~:J...=:SJ;.e:.)~L.~ry Public
Wash~ngton,Washington County,PennIa.
My Commission Expires:Feb.20,1975
"
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RCC-Bl (6-'711
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF COUNTY COLLECTIONS
HARRISBURG
17127
NOTICE OF FILING OF APPRAISEMENT
(Executor or Adm ir.i strator)
IN YOUR REFLY "LEASE
REFER TO
Inheritance Tax Division
./
In Re:Estate of
__li_'A_._·.·m.m»J_~_·_~_""__County _File No._,,_._«!ll_ft_..IiIII';_I_J'_•._
Deer ••~...._.....~
. .0'*81181.You ~re hereby notified thattb~~Bo~..~He;
appraisement In the estate of lliiiii ~tliliil .'.1tI B.
has be~n filed in the office of the Re.w.ster of Wills of__·_·_:_·_·I_D_...._._._·_
COLntyon I~9,,19_110_·',Said appraisement reflects the following
va !f:JaHons:'
Real Estate -.-...---...........---1'_-----
PersonaI Property--_4.:-',::...·.."'_.._.._,,_".:-._
Transfers _
~~it:tlly_O_w_n_ed_-_-_-_-_-_-flId~.._•..-I8~ge_Bl..~._"ft4.'~.'~~~~~~~_-_-~
As to such tax that is paiid within thr~e months from date of death,a five (5%)
percen'discount is allowable.As to any tax :hat remains unpaid after nine (9)months
(fif:een months when death occurred from December 22,.1965 to June 16,1971,inclusi ...e;
and:tw~lve months when death occurred prior t::>Decemner 22,1965)from date of deat~,
interest at the rate of six (6%)percent per annJm i,s charged.
Any p'arty in interest who is aggrieved by an appraisement may appeal therehom
as pro\'ided by law.
Date _
Not~:This is not a bill.
;1jl.Sign.F~~~;LW ~
.....,....:AWliAl nTitle....'.•.'.
Rcc-g9 (5-68)~...
COMMONWEALTH OF PENNSYLVANIA
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
SUMMARY
8state of BOLlARD..HELEN EaEtXma/k/a Helf:tn E.DATE OF DEATH 3/18/71
(Last Name)(First Name)(lnitial)
INHERITANCE YAI APPRAISER
REPORT OF THE REGISTER OF WILLS
J
I,the undersigned duly elected Reg:ster of Wills in and for WASHlOOTON County,Pennsylvanic,do respect-
fully report that I have allowed deduction~in the amounts claimed by t1eponent,except as to those items~wher~a greater or
lesser amount is set forth in the last column to the right in Schedllie ,oF",which greater or lesser am,ourit represents the sum
allowed as a deduction.
Dated:_
REGISTER OF WILLS
INVENTORY
Real Property (Schedule A)
Personal Property (Schedule B)
Transfers (Schedule C)
Joint-Held Property (Schedule E)
TOTAL GROSS ASSETS
Less Debts and Deductions
(SCHEDULE F)
CLEAR VALUE OF ESTATE
"lADUE AS REPORTED VALUE AS APPRAISED
s $------r:,..-,O<K:~~-
VALUE AS REAPPRAlSED
$-------+--
C')MPJTATION OF TAXFORUSEOFREGISTERONLY
Tax on $---------i--
Tax on $---------t--_\.
Tax on $----~----i-
Tax on $---------i--
Tax on $---------i--
Exemptions========F==Total Estate ---I-__
TOTAL TAX
2
6%
5%
]0%
]5%
*
$--------1--
$--------1--
$--------1--
$--------+--
$--------1--
$----'__
(*)As evidenced by Clulritable
Exemption Certncates issued
by the Secretary of ~evenue.
Less tax previously paid
BALANCE
Less 5%of tax if paid within
3 months after death
BALANCE OF INHERITANCE TAX DUE $l=
Add interest at rate of 6%from_____:to $---------''
AMOUNT OF ESTATE TAX ASSESSED $----~I~
Estate tax paid $L-.
BALANCE DUE $----JI_
Add interest at rate of 6%from
-----..,..It'o-----$-------1t='TOTAL TAX BALANCE $------1PAID$--1
FOR USE OF REGISTER ONLY ADJUSTMENTS
NOTE:Where subsequent adjustments a:e made to the above computation of tax by the Register of Wills,for'proper reason,
same should be noted below,with short explanation.
--=-,.----"-',----_._-----------
Will
Administration
"
!No.
IN THE
Year .
_•..,-·'t"r~JU::..'L''''J",--..,::
~~~,-
MATTER OF THE APPRAISEMENT
OF THE
ESTATE OF
_.._..~'lIS'
BEl.EBEI,DIGBOLYARD_a/k/a .HEIDt"E.
Deceased
.._.,.....-'~........Late of_....~~,Q·vt_~_...,.",.'~
County of
WASlmGTeB '/.:o.,,,,~,:':'_.i."-:,;J,-':T-·~J'O!1'.·.•·.•
WASIING'lOJI
Commonwealth of Pennsylvania
REPORT AND APPRAISAL
[)
~
-~
•(J"-Form RCC-2
DEPARTMENT OF REVENUE
BUREAU OF COUNTY COLLECTIONS
HARIiISBURG.PENNA.17 12 7
..
COMMONWEALTH OJ'PENNSYLVANIA
RESIDENT INHERITANCE TAX
APPRAISEMENT
DATE ""::..~,.::::.:,:=c:..,!!".:Jr.:::::.~..~.=,..,.,..,..
COUNTY w.4.~U~~, .
FILE NO 63..~?1!'3.s.9 .
Wh Helen Ebel1n.,80'<r7aH a/k/a Helen E.I t f "Wu,..h1n8.'t..'.'.o.'..ft..•' .,ereas,,~,lil :s c...................a e 0
in the County of waeh1ngto1,· · ·,..·Commonwealth of Pennsylvania,having died on
the .l8th day of 1fa,Hh 1ft ,seized and possessed of an estate
subject to Inheritance Tax under the laws of the Commonwea~thof Penrisylvania;
Therefore,I,·Franoe&..Leo · ,an appraiser duly appointed ac~ording to law,
having been designated to make a fair and conscionable appraisement of the said estate,and te-a~ess and fix
the cash value of all annuities and life estates growing out of said estate,hereby file the following al=Praisement:
In the ev,ent that any future interest in this estate is transferrej in possession or enjoyment to collateral 'heirs of the decedent after
the expiration of any estate for life or for years,the Commonwealth :lerety expressly reserves the right to appraise End assess transfer
inheritance tax,es at the lawful collateral rate on any such future in~rest.
Unit Appraisement
oeserlptlon of Asset Values Made for Inherltanee
Tax Purpolea I
~Al:tESDD $
None
"':i
IMIUf.,
see copy attached to appraisement '.1:.COl:')l4'I
,',,.....~~.,...-,...._._..
..
I
"I
~.~'"~"'!o'''_.,,~.,-..'t·,'.i..,.·JJ.i"<.u."'"...I'~~·.!'I...·...·",,'4l.-"'......'""'.".''''"·l>''...-..-?·~.O!M·.'''·',';t't~~1t:'~\_~·,..~,......'a ......................~............-...,.......··411
,
...
I
-.
.--
~.
(
-
I
Having been duly sworn ac~rding to law,I do hereby certify that the above appraisemed is made in con-
formity with law on this ~day of h..,e~.............................................................................19/1...
v/.'-t /.................,.."'_X,./..,!.:"..L..,,'.~.,,..,..{,.,f,.;;....i.·:."t.,(.,c-, .
/Apprai""r
(Number and Str.et)
...................................................................................................................................,Penna.
(Post Oftlee)
,.''f'~'~.'(.'~\'~<J,
WASBING!OIJ County
RESIDENT INHERITANCE TAX APPRAISEMENT
Estate of
.?m~c:·...~.~~."~l~..~M~..~len E.
Deceased.
Late of
So,~....~~~~.,~~~~~"...,..
Date of Death March a-'1m.J •••••••••••••••••••••,••••••••••••••••••••••••••,•••••,••••••••••••••••,••••••••••••
Appraisemeilt Docket Vol.,~:~,,.., .
Page,~H No ~~~~?~?.
Filed in Register's Office,19 .
Amount of tax due,$.
DEPARTMENT OF REVENUE
Received,
Examined and Approved,.
Wrote abo.ut Appra,isement,
Appeal j,.om Appraisement,..
Entered and charged""".,.
c.
,I .'
!'onl H(;'~-60 \.u-0lt}
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
HARRISBURG
.j
CERTIFICATE'
UNDER
REVENUE ACT OF 1926
Date D.ecember:2.,19'.1..1 ..
TC THE UNITED STATES COMMISSIONER OF INTERNAL REVENUE:
~HIS IS TO CERTIFY that in the esta:e of
...........................................................................·"..H~.l~n ..i.JP.mli.l1.~.ly,£.d._
late of ~~~~.~!!!.,.~~!!__County,Pennfylvania,
who died ;~!~.~!.~..~~.!.~L ,no r~fu:1d of
in:leritance taxes has been Eluthorized by the Depar1ment and/or b)·the Board of FinE-nee and
Revenue of this Commonwealth;and that there is no claim now pending for a refund of such
taxes in said estate.,
S~bject to additional tax,if any,under the Act )f May 7,1927,as aIIJ-ended.
/'
Total Tax
~posed
On account
Am01Ul&Paid
In Cash
$600,00
Date PaId
Dl8eollD&
Allowed
."":/.:
§
;.:
~.......:..--_'-
SEAL
FOI:Robert KaneSecretary'of Revenue
cc:Russell MarlnQ,Register of Wills
·'"
nl
f"""""'l'O"t'''t-g
JI
,,106 United States Estate Tax ReturnIForm,,(Rev.July 1971)
l Department of the Treasury Estate of citizen or resident of t;,e United States IRS use ani)
I Internal Revenue Serlice Date re.,eive ~
I Estate of:Date of deathI
I HELEN EBELING BOLYARD March 18,1971--_.
Address of decedent at time of death~NUmb'lr and street,city,State,and ZIP code)Decedent's social secl:rity numberR.D.13 -ox 92 178-09-0835
Washington,Pat 15301 Estate employer identi:ication number
I ~_.
I""Executors and administrators (including anc:Ilary executors and administrate rs)
II Name Designation Address (Number arid street,city,State,and ZF code)I
I
_______0__
l Guy J.Bolyard Executor R.D ..13-Box 92,Washington,Pa ..15301I1"
r\
r
I Attorneys representing the estate
Name Address (Number and street,city,State,and ZIP code)Teiep",one number
Alexander McIlvaine 33 W..Beau St..,Washington,Pat 225..9930
15301
Name and location of court where will proba~ed or estate administereCOrphans 'Court Div..II Ca.e number
Court of Common Pleas of Washington Count)",Washington,Pat 63-71-359
If decedent died testate,check here ~,and!attach a copy of the will
i~Computation of Tax
L:If prior to filing this return any payments h,lVe been made or certain marketable United States Treasury bonds redeemed,see Instruc-tr tions For Computation of Tax on page 35.
i Part II.1 Total gross estate (from Recapitulation,page 3).~.9.9..1.49.•.15.........!j.~~.~-~.~.~~~...~.!:...~.I 2 Total allowable deductions (from Rec.E pitu lation,page 3)
i 3 Exemption 60,000.00
,4 Total d~ductions plus exemption 113,164..57
5 Taxabl·e estate (item 1 minus item 4).~._J~Q~~.__._..._....___.
Part II
6 Gross;estate tax (use Table Aon page 3!:)$NONE
7 Credit rror State death taxes (use Table B on page 35)
·-----"NONE·--------..·-···-
8 Gross estate tax less credit for State d'lath taxes (item 6 minus item ;').This is the net amount payable
unless credit for Federal gift taxes,tax :>0 prior transfers,or foreign deeth taxes is claimed in Part III -~_..~Q~-~_.------..--.....
Part III
9 Credit for Federal gift taxes .I·~····························10 Credit for tax on prior transfers (fromi Schedule 0)
11 Credit for foreign death taxes (from Schedule P)
i--.-.--.-----------------------.
12 Total of credits under Part III (total of items 9,10,and 11)NONE
13 Net estate tax payable (item 8 minus item 12)$NONE
Under penalties of perjulY,I declare that I have made diligent and careful search for propert!af every kind left by the decedent,and that this return,'ncluding accompa~ying
statements,has been examined by me,and is,to the best of m)knowledge and belief,true,correct,and c.)mplete.If prepared by a person other than the execubr or admin.istratol,his
declaration is based on all information of which he has any ~:Iowled'ge.
.____i_~L ________G!Jy___J_!___~_QJ:y.~~~_____________________________________________________~~~~_~~~_____________________.12/1171_____"___ct..______________.
l~ignature of executor or administrator){Date)
._--------------.--,~-----_.--------------------------------__H._.________________________________._._____________________________.___________________----------------------.._--
-------------------------------------------------------_.----------------------------------------- ------------------------------------------------._----.--------...-.------_.-
.(siiriallire--of-pre-parer-(iria[viifiijil-()rfirm)-oilier-ilian-ilxe:uior'--adrillnislriiiiir,--or-attorney-silin[rili-beiow)-----------(Addres-s)'-----------------------------------{oate)-----------
Declaration By Attorney-.P ,i
I declare that I am (the/one of the)attorney(s)listed above representing the estate,and that I am ,urrently qualified to practice in the State of .....':".......f:!.J:1.J:1.~y.~.v.l:l.J:).....~.......
_____I_Si _____Al~Kan9_~r ___M~_rlya,:..JJ,g,____________________________________..___________.___________________________________12j1171._----------.----------(Signature of attorney who prepared the return){Date)
Instructions for Form 706,United States Es:ate Tax Return
GENERAL INSTRUCTIONS
."
Alabama,Florida,Georgia,Internal Revenue ServiceCenter
Mississippi,North Carolina,4800 Buford Highway
South Carolina,Tennessee Chamblee,Georgia 30006
Arkansas,Colorado,Kansas,Internal Revenue ServiceCent,er
louisiana,New Mexico,3651 S.Interregional
Oklahoma,Texas,Wyoming HighwayAustin,Texas 78740
The return for the estate of a resident de-
cedent who died after December 31,1970,
must be filed at the office indicated below for
the State in which the decedent had his domicile
at the time of his death.
F.Payment of tax.-For decedents dying on
or before December 31,1970,the tax is due
15 months after the date of the decedent's
death,and must be paid within such period
unless an extension of time for payment theree,f
has been granted,or unless the executor has
properly elected under section 6166 to pay
in installments.For decedents dying after De-
cember 31,1970,the tax is due 9 months
after the date of death except for the extension
or election stated in the preceding sentence.
Check or money order in payment of the tax
should be made payable to "Internal Revenue
Service."Section 6651 provides for additions
to the tax for both delinquent returns and for
delinquent payments of tax unless due to rea-
sonable cause.
G.Supplemental documents.-Ifthe decedent
was a resident and died testate,a certified copy
of the will must be filed with the return.
If the decedent was a nonresident citizen,the following documents must be filed with the
return:
(1)A copy of the inventory of property
and the schedule of liabilities,claims against
the estate and expenses of administration
filed with the foreign court of probate juris-
diction,certified by a proper official of such
court.
(2)A copy of the return filed under the
foreign inheritance,estate,legacy,succession
tax,or other death tax act,certified by a
proper official of the foreign tax department,
if the estate is subject to such a foreign tax.
(3)If the decedent died testate,a certified
copy of the will.
Other supplemental documents may be re,'-
quired as explained under the instructions for
the several schedules.
Failure to file these documents with the reo
turn will delay the audit.Examples would in·
elude Forms 712,938,and 706CE,real and
personal property appraisals,balance sheets and
earnings statements,trust and power of ap-
pointment instruments,death certificate,andStatecertificationofpaymentofdeathtaxes.
",.
H.Execution of return.-This form consistsof35pagesnumberedinconsecutiveorder.
For convenience in typing carbon copies,the
sets as ,ssued may be readily separated and the
corresponding sheets matched.When completed,
the return must be permanently fastened to-
gether with all sheets in proper order.Any
suitable type of paper fastener may be utilized
for this purpose.Ordinary wire staples are
recommended for the return of average size.
All pages provided,numbered 1 through 35,
must be included.
Write only on one side of each sheet of
paper.If there is not sufficient space for all
entries under any of the printed schedules,use
additional sheets of the same size,and insert
in the proper order in the return.All information
required as indicated under "General Informa-
tion"must be supplied in the spaces provided.
The questions asked under each schedule must
be specifically answered,and if the decedent
owned no property of any class specified for
the schedule,the word "None"should be written
across the schedule.
The gross estate must be set forth under the
appropriate Schedules A to I.The deductions
except the amount claimed for the exemption:
should be shown under the appropriate Sched-
ules J to N.The exemption is deducted on line 3
of the "Computation of Tax"on page 1 of
Form 706.
For every item of principal,any income ac-
crued thereon at the date of the decedent's
death must be separately entered under the
column headed "Value at date of death";and,
if the alternate valuation is adopted,any in·
cludible income with respect to each item of
principal,as hereinafter explained,must beseparatelyenteredunderthecolumnheaded
"Alternate value."
The items should be numbered under every
schedule and a separate enumeration should be
used for each schedule.The total for each sched-ule should be shown at the bottom of the
schedule.The ·totals should not be carried
forward from one schedule to another,but the
total or totals for each schedule should be
entered under the Recapitulation,page 3,Form
706.
The information indicated by the columns
headed "Alternate valuation date"and "Alter-
nate value"should not be shown unless the
executor adopts the alternate valuation au-
thorized by section 2032 of the Code.If such
~Iternate valuation is not adopted,the space
10 the columns headed "Alternate valuation
date"and "Alternate value"may be utilized
for descriptive matter,as indicated in the ex-
ample shown under the instructions for Sched-
ule A.Similar information should be omitted
in the space provided therefor under the Re·
capitulation,page 3,Form 706,if the alternatevaluationisnotadopted.
The computation of the tax must be shown
in detail as indicated on page 1.If the exec-
utor determines no liability for tax the word
"None"should be shown at item'13 under
"Computation of Tax."
If credit for foreign death taxes is claimed,
the credit should be computed on Schedule P.
The filing of Form 706 will not be considered
the filing of a complete return as required by
the Statute and the regulations issued pur-
suant thereto unless all the information as in-
dicated herein is set forth.
Rounding off to whole·dollar amounts.-If
you wish,the money items on your return may
be shown as whole-dollar amounts.This means
that you eliminate any amount less than 50
cents and increase any amount from 50 cents
through 99 cents to the next highest dollar.
(Continued on page 4)
Internal Revenue ServiceCenter
310 lowell Street
Andover,Mass.01812
InternalRevenue ServiceCenter
2306 E.Bannister Road
Kansas City,Missouri
64170
Internal RevenueService Center
1160 West 1200 South
Street
Ogden,Utah 84405
Internal Revenue ServiceCenter
Cincinnati,Ohio 45298
Internal RevenueServiceCenter
11601 Roosevelt Boulevard
Philadelphia,Pa.19155
Alaska,Arizona,California,Hawaii,Idaho,Montana,
Nevada,Oregon,Utah,Washington
Illinois,Iowa,Minnesota,
Missouri.Nebraska,North'
Dakota,South Dakota,
Wisconsin
Connecticut,Maine,Massachusetts,New
Hampshire,New York,
Rhode Island,Vermont
Indiana,Kentucky,Michigan,Ohio,
West Virginia
Delaware,District of
Columbia,Maryland,NewJersey,Pennsylvania,
Virginia
Highlights.-This revision includes the follow·
ing changes:
1.Form 706 is due 9 months after death.
2.The tax is due 9 months after death.
3.Returns for resident decedents are filed
with Service Centers.
A.Statute and general desC:ription.-The
Federal estate tax is imposed by chapter 11
of the Internal Revenue Code.It is not an in-
heritance tax.It is imposed upon the transfer of
the entire taxable estate and not upon the share
received by a particular beneficiary.The taxable
estate is determined by taking the value of the
gross estate (Schedules A to I,inclusive)and
deducting therefrom the total amount of the
deductions authorized by the Statute.
Different provisions control the det~r~ination
of the tax liability of the estates of citizens or
residents of the United States and the estates
of nonresidents not citizens of the United
States.(Generally,reference herein to the de·
cedent's residence means the decedent's domi·
cile.)For specific information on Federal estate
taxation in the case of a nonresident not a
citizen of the United States,see Instructions
for Form 706NA..
Throughout these instructions all references
to citizens of the United States are subject to
the provisions of sections 2208 and 2209 of
the Code which relate to decedent United States
citizens who were residents of a United States
possession on the date of death.If such a
decedent acquired his United States citizenship
solely by reason of his connection with the
possession,then for purposes of the Federal
estate tax such decedent is deemed a nonresi-
dent not a citizen of the United States.If such
a decedent acquired his United States citizen-
ship wholly independently of his connection
with the possession,then such decedent is
deemed a citizen of the United States.
Publication 448,a Guide to Federal Estate
and Gift Taxation,may be purchased for 50
cents per copy from either the.Superintendent of
Documents,,U.S.Government Printing Office,
Washington,D.C.20402;or from the District
Director.
B.Estates for which return required.-Form
706 must be filed for the estate of every citizen
or resident of the United States whose gross
estate as defined by the Statute exceeded
$60,000 in value at the date of death.
The value of the gross estate at the date
of the decedent's death governs the liabilityforthefilingofthereturn,regardless of any
valuation as of a subsequent time that may be
adopted by the executor under the provisions
of section 2032 of the Code.
C.Employer identification number.-Appli-
cation for the employer identification number
must be made on Form S5-4 which may be
obtained from any District Director of InternalRevenueorDirectorofaServiceCenter,or
from any district office of the Social Security
Administration.
D.Time for filing.-For decedents dying on
or before December 31,1970,the return isdue15monthsafterthedateofthedecedent'sdeath.For decedents dying after December 31
1970,the return is due 9 months after the dat~
of the decedent's death.
E.Place for filing.-The return for the estate
of a resident decedent who died on or before
December 31,1970,must be filed with theDistrictDirectorofInternalRevenueinwhosedistrictthe'decedent had his domicile at the
time of his death.The return for the estate
of a nonresident citizen must be filed with theDirectorofInternationalOperations,Internal
Revenue Service.Washington,D.C.20225,
U.S.A.
Page 2
Form 706 (Rev.7-71)!
Estate of:HELEN EBELING BOLYARD
Recapitulation
Sched,
ule "j'"!.Gross estate Alternate value Val Ie at ,jate of deatt,
A Real Estate
B Stocks and Bonds
C Mortgages,Notes,and Cash
D InsuranC:e 'on:.Decedent's Life .''.'."
E Jointly Owned Property
F Other ~isqellaneous Property
"\,
G Trans,fers During Decedent's Life
H Powers of Appointment
I Annuities,.,"'."
Total gros,s ,~~~c*
Amount
:$99,149.75 $101:,377.34
55,478.69 55.478.69-------.--------------------------------------..------
262.85 262.85
NONE
RONE
NONE
NONE
NONE NONE--------------------------_.---------_.---------.-------
NONE NONE
s NONE HONE------------------------$-------------_..._---_.,
43,408.21 45,635.80._------.------------------------------_._-----.--------_.
NONE 'NONE
Deductions
";:OJ ~1 'r
,".,;.\i;Sched·ule
,I
1:'\
,I
J
K
K
L
L
4 Total of items 1 through 3
5 Allowable amount of deductiors from item 4 (see note ')
6:Net'l:'osses:During Ad ininistrci":icin '',
'.
I
7 Expenses Incurred in Adminis:ering Property Not Subject to Claims
.,11 .Net an:Jount deductible for be=luests,etc.,to surviving spouse (item 9 or one-half of item 10,which-
i.'!:,:i,"ever is'smallerf.:,.:'::.""•',''.r:. . .,:\ ;,;,,.;'.. . . . ..."
M
8 Total.of items 5 through 7,."',",,•,j ,.~,.,
9 Bequests,etc.,to Surviving !:pouse
10 Adjusted gross estate (see no:e2)
N 12 Charitable,Public,and Similar Gifts and Bequests $lONE
Total allowable deductions,except exemption (total of lines 8,11,and 12)$53,164.,57'
1 Note.-See paragraph 1 of the instriJctions for the Recapitulation on page 30.
2 Note.-Enter~t!item 10 'the exces3 of "Total gross estate"over item 8,if the decec;lent and his surviving"sPoLse ct no time held
property as community property.If property was ever held as com munity property,compute the "Adjusted gross !!state"(item Ie)
in accordance';with ,the:instructions for the Recapitulation and attach an additional sheet showing such computation
,,..','.,Page 3
i_._---'__
General Instructions-Continued
I.Signature and verification.-If there is
more than one executor or administrator,all
should verify and sign the return.Such persons
are responsible for the return as filed and incur
liability for penalties provided for erroneous,
false,or fraudulent returns.
If there is no executor or administrator ap-
pointed,qualified,and acting in the United
States,every person in actual or constructive
possession of any property of the decedent is
constituted by the Statute an executor for the
purposes of the tax (section 2203 of the Code),
and is liable for the filing of the return.If twoormorepersonsareliablefor.the fili ng of the
return,it is preferable for all to join in the
filing of one complete return,but if they are
unable to join in making one complete return,
each is required to file a return disclosing all
the information he has in the case,including
the name of every person holding an interest
in the property and a full description 'of such
property.If the appointed,qualified,and acting
executor or administrator IS unable to make
a complete return,the Statute requires that
every person holding an interest in the property
shall,upon notice from the Internal Revenue
Service,make a return as to such interest.
The person or persons who file the return
must,in every case,sign under penalties of
perjury the first declaration on page 1.If the
return is prepared by an attorney or agent for
the person or persons filing this return,the
return must also be signed by such attorney or
agent.
J.Penalties.-Severe penalties are provided
by law for willful failure to make and file a
return on time and for willful attempt to evade
or defeat payment of tax.
K.Gross estate.-In addition to the general
provision of the Statute requiring the inclusion
in the gross estate of property to the extent
of the decedent's interest therein (including
real property situated outside of the United
States),other provisions specifically include,
as more fully explained hereinafter in the in·
structions for the separate schedules,certain
transfers made during the decedent's life with-
out an adequate and full consideration in money
or money's worth,annuities,joint estates with
right of survivorship,tenancies by the entirety,
life insurance even though payable to bene-
ficiaries other than the estate,property over
which the decedent possessed a general powerofappointment,and dower or curtesy (or stat-utory estate in lieu thereof)of the surviving
spouse.
Community property.-Property held by the
decedent and his surviving spouse as commu·
nity property is includible in the gross estate
to the extent of the decedent's interest in such
property under the applicable law of the State,
or possession of the United States,or of the
foreign country.
For further details,see Estate Tax Regula·
tions.
L.Valuation.-Unless the executor properly
elects at the time the return is filed to adopt
the alternate valuation authorized by section
2032 of the Code,all property included in the
gross·estate must be valued as of the date
of the decedent's death.
M.Alternate valuation.-If the executor elects
to adopt the valuation authorized by section
2032 of the Code,such election should be
Page 4
indicated in Item 11 on page 5 under "General
Information."
The election is not valid unless made on the
return within the period of time prescribed by
law and regUlations.
In general,the object of section 2032 of the
Code is to make provision whereby the amount
of tax otherwise payable may be lessened when,
within 6 months following the decedent's death,
the gross estate has suffered a shrinkage in
its aggregate value.
The executor may,by an election duly made
upon this return,have the property which was
included in the gross estate on the date of the
decedent's death valued as of the applicable
dates,as follows:
(1)Any property distributed,sold,ex-
changed,or otherwise disposed of within 6
months after the decedent's death,valued
as of the date of such distribution,sale,
exchange,or other disposition,whichever first
occurs;
(2)Any property not distributed,sold,ex-
changed,or otherwise disposed of within such
6 month period valued as of the date 6
months after the date of the decedent's
death;
(3)Any property,interest,or estate which
is "affected by mere lapse of time,"valued
as of the date of decedent's death;except
that an adjustment is to be made for allY
difference in its value not due to such lapse
of time,as of the date 6 months after the
date of decedent's death,or as of the date
of its distribution,sale,exchange,or other
disposition,whichever first occurs.
Property,in the case of a sale,exchange,
or other disposition thereof within the 6 month
period,is to be valued as of the date whenitceasestoformapartofthegrossestate,
that is,the date when the title passes as the
result of its sale,exchange,or other disposition.
The terms,"distributed,""sold,"exchanged,"
"or otherwise disposed of,"comprehend all
possible ways by which property may be sepa-
rated or passed from the gross estate.
The property to be valued as of 6 months
after the date of decedent's death,or as of
that date,or as of some intermediate date,is
the property included in the gross estate on the
date of the decedent's death.Itwill be necessaryineverycasefirsttodeterminewhatproperty
constituted the gross estate at decedent's death.
Interest accrued to the date of the dece-
dent's death on bonds,notes,and other interest-
bearing obligations constitutes property of the
gross estate on the date of his death and is
to be included in the alternate valuation.Rentaccruedtothedateofthedecedent's death on
leased realty or personalty constitutes property
'of the gross estate on the date of his death
and is to be included in the alternate valuation.
Outstanding dividends which were declared to
stockholders of record on or before the date
of the decedent's death constitute property of
the gross estate on the date of his death,and
are to be included in the alternate valuation.
Ordinary dividends declared to stockholders of
record after the date of the decedent's death
do not constitute property of the ,gross estate
at the date of his death and are to be excluded
from the alternate valuation.However,if divi-
dends are declared to stockholders of record
after the date of the decedent's death with the
effect that the shares of stock at the subsequentvaluationdatedonotreasonablyrepresentthe
same property existing at the date of the de·
cedent's death,such dividends are to be in-,
cluc;led in the,alternate valuation,except to the
extent that such dividends are paid from earn-
ings of the corporation after the date of the
decedent's death.
The election applies to all the property in-
cluded in the gross estate on the date of the
decedent's death.It cannot be applied only to
a portion of such property.
In every case where the election is exercised,
the return must include (1)an itemized de-
scription of all property included in the gross
estate on the date of the decedent's death
together with the value of each item as of that
date,(2)an itemized disclosure of all distribu-
tions,sales,exchanges,and other dispositions
of such property during the 6 month period
after the decedent's death,together with the
dates thereof,and (3)the value of each item
of property determined as hereinbefore explained
and in accordance with the regulations issued
pur~uant to section 2032.The foregoing infor-
matIon must be shown under the appropriate
columns of each schedule.Under the column
headed "Description"a brief statement for each
item must be shown explaining the status or
disposition governing the alternate valuation
date,such as,"Not disposed of within 6 months
following death,""Distributed,""Sold,""Bond
paid on maturity,"etc.Under this same heading
a description of each item of principal and
includible income must be entered separately.
Under the heading,"Alternate valuation date,"
the applicable date for each separate entry of
principal and includible income must be shown.
Under the heading,"Alternate value"the amount
of the principal and the amount of includible
income must be separately shown.In the case
of any interest or estate the value of whichisaffectedbymerelapseoftimesuchas
patents,leaseholds,estates for the life of
another,or remainder interests,the value shown
under the heading "Alternate value"must be
the adjusted value,i.e.,the value 'as of the
date of death with an adjustment reflecting
any difference in its value as of the later date
not due to mere lapse of time.Under the
heading,"Value at date of death"the amount
of the principal and the amount of includible
income must be entered separately.
For examples illustrating the entry of the
information required under the schedules,see
the instructions for Schedules A and B.While
the exam'ples there shown pertain to Schedules
A and B,the information required under the
other schedules should be set forth in a similar
manner.
All the information indicated on Form 706
must be supplied.Statements as to distribu-
tions,sales,exchanges,and other dispositions
of the property within the 6 month period afterthedecedent's death must be supported by
evidence.If the court issues an order of dis-
tribution during that period,a certified copy
of the order must be submitted as part of the
evidence.The district director may require the
submission of such additional evidence as is
deemed necessary.
N.Credits against tax.-Under certain cir-cumstances acredit against the tax is authorized
for estate,inheritance,legacy,or succession
taxes paid to a State,or the Districtof Columbia.
The size of the taxable estate determines
whether this credit is allowable and,if so.the maximum amount thereof.Credits for
(Continued on page 6)
Form 706 (Rev.7-71),
Estate of:~:LEN EBELING BOLYARD
General Information
I 2 Y~1900cile established in this State
name of hosp'talln n ..I
n Hospital.Washington,Pa.I ,
I 5 Length of last illnessephalopathy--.--,,•
ns
Name Address (Number and street,city;.State,and ZI:>coc.e),
,M.D.tlashington Trust Bld.g.,Washington,Pa .'
.3600 Forbes Ave.,Pittsburgh.fa.,bic,·M.D.
...
irth,1900 -Canonsburg,Pa..'."..
s or occupation..If -etired,check here 0,and state decedent's former business oroccupation
fe
edent at time of death
f marriage to survil,ing spouse Jan.23,1928
i1e at time of marriage P'ennsylvania t ,
"
r-Name and dateof death of deceased spou!:e ..
d-Name of legall:"separated spouse
divorce decree became final
ive benefits from :he estate (do not include .;haritable beneficiaries shown in~ch,edule N or any heir receiving
me of each indiviclJal who receives benefits Amount.-Value all interests on the date of dec,th cr the alternate
as an heir,next-of.kin,devisee or legatee or valLation date,whichever is used for estate lax Jurposes.The
,as beneficiary of a trust,annuity or in·interest of each beneficiary should be valued in the same mannerIderofacorporationorpartnerofapartner·as k would be valued for estate or gift tax purposes.Where precisec.).valles cannot readily be determined (certain flture interests,for
er.-If the indivicual has not been located exallple),a reasonable approximation should be entered.The SUlilltynumber,etc.,enter such explanation.of the values of the interests of all unborn or ·Jtherwise unascer·
the decedent's death.tairable beneficiaries should be shown on the last line (all un·
e relationships by plood,.marriage,or ascertainable beneficiaries).Values should be stated without reo
NE.I duction for any estate or inheritance taxes.
Name Social seCL rity n ]mber Age Relationship to decedent I Amount
ard 201-26-2697 ~ver ~lx X X X X X X Entire estate
:
,,
,..,
e beneficiaries !\ONE
Alternate Valuation
Iy if alternate valuation is elected.For furthe"~infcrmation on this subject,see the instructions,,).,
the gross estate :of the decedent valued as of th£'alternate date or dates is made by enter~ng a checkmark in the
ects to have the'_~ross estate of th is decedent val:"ed in accordance with values as of a date 0'-da:es subsequentathasauthorizecbysection2032oftheCcce.
Page 5
All unascertainabl
NONE
Others
Surviving spouse..
Guy J.:HOly
o Widow or widowe
o Divorced-Date
o Legally separate
o Single :,
.,
I
8 Decedent's busines
Housewi
'""
-Domic
9 Marital status of dec
~Married-Date 0
6 Decedent's physicia
4 Cause of death
Toxic Enc
7 Date and place of b
May 25
3 Place of death,if"differe t tha decedent"s address (e g
,Washingto
1 State in which decedent was domiciled a:time of death
Pennsylvania
10 Individuals who'rece
less than $1,000)
Name.-Enter the na
from the estate directly
indirectly (for example
surance policy,shareho
ship which is an heir,et
Social Security Numb
or has no social securi
Age.--':'On th~date of
Relationsl1ip.-1ndud
adoption or indicate NO
(These instructions app
11 An election to have
~ox set forth below.
~The executor el
to the decedent's de
Martin Stutz
i Lowell'G:.'Lu
I
'General Instruction J governs real property.
In addition to authorizing credit for foreign
death taxes,the conventions provide situs rules
which apply in the cases of certain nonresident
aliens.
General Instructions-Continued
Federal gift taxes also are,under specified
conditions,allowable against the tax.
In the case .of a citizen or resident of the
United States,credit is authorized by statute
and treaties,under certain conditions,for es-
tate,inheritance,legacy,and succession taxes
paid to a foreign country or possession of the
United States.
Credit for tax on prior transfers is explained
in the Instructions for Schedule O.
O.Credit for foreign death taxes.-In the
case of acitizen or resident ofthe United States,a
credit is authorized under certain circumstances
for death taxes paid to a foreign country,or
a possession of the United States (See section
2014(g)of the Code).The credit is authorized
(a)by statute or (b)by treaty.See "Death tax
conventions"below for the effective dates of
the treaties which authorize the allowance of
a credit for foreign death taxes.See "Instruc-
tions for Schedule P"for a list of the foreign
death taxes for which credit is authorized by
treaties,and for information relative to the
computation of the credit.
P.Death tax conventions.-Death tax con-
ventions are in effect with each of the countries
listed below.The provisions of a convention
apply in the case of a decedent dying on or after
the effective date shown.
AustraliaCanada·FiniandFrance'GreeceIrelandItaly.Japan .NetherlandsNorway. .Switzerland.. . . .Republic of South AfricaUnitedKingdom. . .
January 7,1954JanuaryI,1959
December 18,1952October17,1949
December 30,1953December20,1951October26,1956AprilI,1955February3,1971December11,1951September17,1952July15,1952.July 25,1946
Instructions for Schedule A.-Real Estate
Real estate should be so described and iden-
tified that upon investigation by an Internal
Revenue officer it may be readily located for
inspection and valuation.For each parcel of
real estate there should be given the area and,
if the parcel is improved,a short statement of
the character of the improvements.For city or
town property state street and number,ward,
subdivision,block and lot,etc.For rural property
state township,range,landmarks,etc.
If any item of real estate is subject to a
mortgage with respect to which the decedent's
estate is liable (i.e.,if the indebtedness is en·
forceable against other property of the estate
not subject to such mortgage,or if the dece·
dent was personally liable therefor),the full
value of such property must be extended in
the value column.The amount of the mortgage
in any such case should be shown under "De·
scription"in this schedule,and deduction taken
therefor under Schedule K.If,however,the
decedent estate is not liable for the amOUr:lt
of the mortgage,only the value of the equi'!y
of redemption (or value of the property less the
indebtedness)need be extended in the value
column as part of the gross estate,in which
case no deduction'for the indebtedness is
allowable under Schedule K.
Real property which the decedent has con·
tracted to purchase should be listed in this
schedule.The full value of the property and
not the equity must be extended in the value
column.The unpaid portion of the purchase
price should be deducted under Schedule K
of this return.
The value of dower,curtesy,or a statutory
estate created in lieu thereof,is taxable,and
no reduction on account thereof or on account
of homestead or other exemptions should be
made in returning the value of the real estate.
The basis for the returned values should be
stated.If based upon appraisals,copies of such
appraisals,together with an explanation of the
basis of the appraisals,should be attached to
the return.
Examples showing use of Schedule A
Example where the alternate valuation is notadopted;date of death,January 1,1971
ItemNo.Description Alternatevaluationdate Alternate val ue Value at date of death
1
2
House and lot,1921 William Street NW.,Washington,D.C.(lot 6,square 481).Rent of $900 due atend of each
quarter,February 1,May 1,August 1,and November 1.Value based on appraisal,copy of which is attached
Rent due on item 1 for quarter ending November 1,1970,but not collected at date of death .
Rent accrued on item 1 for November and December 1970
House and lot,304 Jefferson Street,Alexandria,Va.(lot 18,square 40).Rent of $100 payable monthly.Value
based on appraisal,copy of which is attached . . . . . . . .
Rent due on item 2 for December 1970,but not collected at date of death
Example where the alternate valuation is adopted;date ofdeath,Ja,nuary 1,1971
$36,000
900
600
12,000
100
ItemNo.
1
2
Page 6
Oescription
House and lot,1921 William Street NW.,Washington,D.C.(lot 6,square
481).Rent of $900 due at end of each quarter,February 1,May 1,
August 1,and November 1.Value based onappraisal,copy of which
is attached.Not disposed of within si,x months following death . .
Rent due on item 1 for quarter ending November 1,1970,but not
collected until February 1,1971 . ....
Rent accrued on item 1 for November and December 1970,collected
on February 1,1971 . . . . . . . . . . . . . . .
House and lot,304 Jefferson Street,Alexandria,Va.(lot 18,square 40).
Rent of $100 payable monthly.Value based on appraisal,copy of
which is attached.Property exchanged for farm on May 1,1971
Rent due on item 2 for December 1970,but not collected until February
1,1971
Alternatevaluationdate
7/1/71
2/1/71
2/1/71
5/1/71
2/1/71
'Alternate value Value at date of death
$30,000 $36,000
900 900
600 600
10,000 12,000
100 100
Form 706 (R9V.7-71)
Estate 0::HELEN EBELiNG BOLYARD
SCHEDULE A-Real Estate
(For jointly oW1ed property which must be disclosed on Schedule E,see hstructions for Schecu/e E.)
,..
Item
number
1
.,,
I ',I ::.:,I :~,
to.scription Alterna:,val·uation date Alternate value
$
Valu.at date of death
$
I I
I r
.':'.!!'
••'I,.1.';",.
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Ii )••~':,,'(
TCTAL (Also e,lter under the Recapitulation,page 3.)
(If more space is needed,insert additi!onalsheetsof same size)
$NONE $NONE
Page '1
Instructions for Schedule B.-Stocks and Bonds
1.Description.-Description ofstocks should
indicate number of shares,whether common or
preferred,issue,par value,price per share,
exact name of corporation,and,if not listed
on a stock exchange,the post·office address
of the principal business office,the State in
which incorporated,and the date of incorpora·
tion.If listed,state principal exchange upon
which sold.Description of bonds should include
quantity and denomination,name of obligor,
kind of bond,date of maturity,interest rate,
and interest·due dates.State the exchange upon
which listed,or if unlisted the principal business
office of the company.
2.Stocks and bonds subject to foreign death
taxes to be grouped under separate heading.-
Where any estate,inheritance,legacy,or sue·
cession tax has been paid to a foreign country
in respect of any stocks or bonds included in
this schedule,the stocks and bonds subjected
to the foreign death tax should be grouped
separately on this schedule under the heading,
"Subjected to Foreign Death Taxes."
3.Valuation.-In the case of stocks and
bonds listed on a stock exchange the mean
between the highest and lowest quoted selling
prices on the valuation date shall be considered
as the fair market value per share or bond.If
there were no sales on the valuation date,such
value shall be determined by taking the mean
between the highest and lowest sales on the
nearest trading date before and the nearest
trading date after the valuation date (both such
nearest dates being within a reasonable period),
and by prorating the difference between such
mean prices to the valuation date,and by add-
ing or subtracting,as the case may be,such
prorated portion of the difference to or from
the mean price obtaining on such nearest trad-
ing date before the valuation date.For example,
assume that sales of stock nearest the valuationdate(June 15)occurred 2 trading days before
(June 13)and 3 trading days after (June 18)
and that on such days the mean sale prices per
share were $10 and $15,respectively.The price
of $12 shall be taken as representing the fair
market value of a share of such stock as of
the"valuation date.If,however,on June 13
and 18 the mean sale prices per share were
$15 and $10,respectively,the price of $13
shall be taken as representing the fair market
value of a share of such stock as of the valua·
tion date.If the security was listed on more
Page 8
than one exchange,the records of the exchange
where the security is principally dealt"in should
be employed.In valuing listed stocks and bonds
the executor should observe care to consult ac·
curate records to obtain values as of the appli-
cable valuation date.
Dividends which are payable to the decedent
or his estate by reason of the fact that on or
before the date of the decedent's death he was
a stockholder of record (but which have not
been collected at death)must be included in
the gross estate as separate items.Dividends
declared on shares of stock prior to the death
of the decedent but payable to stockholders of
record on a date after his death are not includi·
ble in his gross estate for Federal estate tax
purposes;however,in a case where the stock
is being traded on an exchange and is selling
ex·dividend on the date of the decedent's death
the amount of the dividend should not be in-
cluded in the gross estate as a separate item
but should be added to the ex·dividend quota·tion in determining the fair market value of the
stock as of the date of the decedent's death.
In the case of stocks and bonds which are
not listed upon an exchange,but are dealt in
through brokers or have a market,the fair
market value 'shall be determined by taking the
mean between the highest and lowest selling
prices as of the valuation date;or,if there
were no sales on that date,such value shall bedeterminedbytakingthemeanbetweenthe
highest and lowest sales on the nearest trading
date"before and the nearest trading date after
the valuation date (both such nearest dates
being within a reasonable period),and by prorat-
ing the difference between such mean prices to
the valuation date,and by adding or subtracting,
as the case may be,such prorated portion ofthedifferencetoorfromthemeanpriceobtain-
ing on such nearest trading date before the
valuation date.If quotations are obtained from
brokers,or evidence as to the sale of securities
is obtained from the officers of the issuing
companies,copies of the letters furnishing such
Quotations or evidence of sale should be at-
tached to the return.
If actual sales are not available during a
reasonable period beginning before and .end·
ing after the valuation date,the fair marketvaluemaybedeterminedbytakingthemean
between the bona fide bid and asked prices
on the nearest trading date before and the
nearest trading after the valuation date (both
'such n'earest dates 'being within a reasonable
period),and by prorating the difference between
such mean prices to the valuation date,and by
adding or subtracting,as the case may be,such
prorated portion of the difference to or from
the mean price obtaining on such nearest trad·
ing date before the valuation date.If actual sale
prices or quoted bona fide bid and asked prices
are available on a date within a reasonable pe·
riod prior to the valuation date,but if no actual
sale prices or bona fide bid and asked prices
are available on a date within a reasonable
period after the valuation date,or vice versa,
then the mean between such highest and lowest
available sale prices or bid and a'sked prices
may be taken as the value.
Generally,shares of an open·end investment
company (commonly referred to as a mutual
fund)are to be valued at the asked price,but
see section 20.2031-8(b)of the regulations
for exceptions and details.
For the valuation of inactive stock and stock
in close corporations,see the regulations issued
pursuant to section 2031 of the Code.Complete
financial and other data upon which the estate
bases its valuation should be submitted with
the return,including balance sheets (particularly
the one nearest to the valuation date),and state-
ments of the net earnings or operating results
and dividends paid for each of the 5 years im-
mediately preceding the valuation date.
Securities returned as of no value,nominal
value or obsolete,should be listed last,and the
address of the company and the State and date
of the incorporation should be stated.Copies
of correspondence or statements used as the
basis for return at no value should be attached.
See Rev.Rul.69-489.Internal Revenue
Cumulative Bulletin 1969-2,page 172,for the
special valuation rules for certain marketable
U.S.Treasury bonds (issued before March 4,
1971)which may be.redeemed at par plus
accrued interest in payment of the tax at any
Federal Reserve bank,the office of the Treasurer
of the United States,or the Bureau of the Public
Debt.as explained in Rev.Proc.69-18,Internal
Revenue Cumulative Bulletin,1969-2,page
300.
4.Interest and dividends.-lnterest and divi-
dends must be shown separately as explained
in the General Instruction H,"Execution of
return."(Continued on page 10)
Form 706,(Rev.7-71)
Estate of:"ELENEBELIN~,BO~YARD
..,.)•~I I'SCHEDULE B-Stocks and Bonds
(For jointly owned property Yo.hich must be disclosed on Schedule E,see Instructions for Schedule E.)
Pag3 9
(If more space IS needed.Insert addItIonal sheets of samesIze)
!Item D,escription,(ircludihg face amount of bonds or number of shares)Par Unit valu,e Alternate val·Alternate value Valu"at date of deathnumberuationdate
1 200 sh A.T.&T.-C~m.Stock NYSE 4 2".3/4 9/18/71 $8550.00 '$9763.50
,"
.".
,2 D1v,.on Item 1 ....4/1/71 130.00 130.00
3 600 sh Delaware Fund.,Inc.-Com.4.07 9/18/71 8442.00 8553.00
.,
4 D~v.on Item 3 ".2/23/71 60.00 60.00.""
S 3650 sh Dividend.Shares,-Com.3.96 9/18/71 14454.00 14837.25
c'
\
6 1083 sh Nation-Wide S'ecurities-
Com.0.77 9/18/71 11663.91 ,12183.75
7 Div.on Item 6 ..4/1/71 108.30 108.30
i
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)..'.
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43408.2tL 45635.80
TOTAL (Also enter under the Recapitulation,page 3.)$S..
,,
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"
"
I.,<,
Instructions for Schedule B-Continued
Examples showing use of Schedule S .
Example where the alternate valuation is notadopted;date of death,J~nuarY 1,1971
Item Description (including face amount of bonds or number of shares)Par Unit value AJternate IValue at date of deathNo.valuation date Alternate value
1 $60,OOQ-Arkansas Railroad Co.first mortgage 4%,$$20-year bonds,due 1976.Interest payable quar·
terly on Feb.1,May 1,Aug.1,and Nov.1;N.Y.
'Exchange . . . . . . . . . . . . .1,000 100 --------._------_._----------------------------60,000
Interest coupons attached to bonds,item I,due and
..payable on Nov.1,1970,but not cashed at date of
death --------------------------------------..-----_.600
Interest accrued on item I,from Nov.I,1970,to --------------------------
Jan.1,1971 ----------------------------------------------4002500sharesPublicServiceCorp.,common;N.Y.----.....------------------.
Exchange .............100 110 ._-------------------55,COO
Dividend on item 2 of $2 per share declared Dec.10,--------------------..-----
1970,payable on Jan.10,1971,to holders of record
on Dec.30,1970 -..-------------------------------------------1,000.__....---_........................-----.
Example where the alternate valuation is adopted;date of death,January 1,1971
ItemNo.Description (including face amount of bonds or number of shares)Par Unit value Alternatevaluationdate Alternate value Value at date of death
110 I 55,00090--------7ijiTiC---------------4K6oo-·_
4/1/71 29,700 ------------------------
5/1/71 29,400 --------------------_.'.-
2/1/71 600 600
2/1/71 400 i 400
1
2
$60,00Q-Arkansas Railroad Co.first mortgage 4%,
20·year bonds,due 1976.Interest payable quar-
terly on Feb.1,May 1,Aug.1,and Nov.1;N.Y.
Exchange ... ...
$30,000 of such bonds distributed to legatees on
Apr.1,1971 . . . . . . . . . . . .
$30,000 of such bonds sold by executors on May 1,
1971.. .. .
Interest coupons attached to bonds,item 1,due and
payable on Nov.1,1970,but not cashed at date
of death.Cashed by executor on Feb.1,1971 .
Interestaccrued on item 1,from Nov.1,1970,to Jan.
1,.1971.Cashed by executor on Feb.1,1971
500 shares Public Service Corp.,common;N.Y.
Exchange .
Not disposed of within 6 months following death .
Dividend on item 2 of $2 per share declared Dec.
10,1970,and paid on Jan.10,1971,to holders
of record on Dec.30,19Vq .
1,000
100
100
99
98
1/10/71
$
1,000
$
60,000
1,000
Instructions for Schedule C.-Mortgages,Notes,and Cash
The classes of property under this scheduie
should be list,ed separately in the order given.
1.Mortgages.-$tate (1)face value and un·
paid balance,(2)date of mortgage,(3)date
of maturity,(4)name of maker,(5)property
mortgaged,and (6)interest dates and rate of
interest.For example:Bond and mortgage for
$9,000,unpaid balance $6,000;dated January
I,1968,John Doe to Richard Roe;premises
Page 10
22 Clinton Street,Newark,N.J.,due January 1,
1971,interest payable at 6 percent per annum
January 1 and July 1.
2.Promissory not~s.-Show similar data.
3.Contract by the decedent to sell land.-
Show name of vendee,date of contract,de-scription of property,sale price,initial payment,
amounts of installment payments,unpaid bal-
ance of principal,and interest rate.
4.Cash in possession.-List separately from
ban:k deposits.
5.Cash in bank.-State name of bank and -
address,amount in each bank,serial number
and nature of account,showing whether check·
ing,savings,time deposit,etc.If statements
are Qbtained from banks they should be retained
fer inspection by the Internal Revenue Service.
Form 706 (Rev.7-71)
Estate of:HELEN EBELING BOLYARD
Schedule C-Mortgages,Notes,and Cash
(For jointly owned property v.hich must .be disclosed on Schedule E,see Instructions for Schedule E.)
"'
\,"
Item
number
1
".
NONE
','~.
"
['escription Alternate vaI·uation,date Alternate val ue :Value at date of death
$$
1
•t-'
Ice
TOTAL (AI'So enter under the Recapitulation,page 3.). . • . . . . . . .
(If more space is needed.insert addi'ional sheets of same size)
$NONE .
Page 11
Instructions for Schedule D.-Insurance
1.Insurance.-Section 2042 of the Code
provides for the inclusion in the gross estate
of (a)insurance on the decedent's life receiv·
able by or for the benefit of the estate and (b)
certain insurance on the decedent's life receiv·
able by other beneficiaries.The term "insur·
ance"refers to life insurance of every descrip·
tion,including death benefits paid by fraternal
beneficial societies operating under the lodge
system.
Life insurance not includible in the gross
estate under the provisions of section 2042 of
the Code,and the Estate Tax Regulations per·
tai(1ing thereto may,depending upon the factsoftheparticularcase,be includible under some
other section of part III of subchapter A of
chapter 11 of the Code.For example,if the
decedent possessed incidents of ownership inaninsurancepolicyonhislifebutgratuitously
transferred all rights in the policy in contempla·
tion of death,the proceeds would be includible
under section 2035.
2.Insurance in favor of the estate.-The full
amount of the proceeds of insurance on the
life of the decedent receivable by the executor
or administrator,or otherwise payable to or
for the benefit of the estate,should be included
in the gross estate.Insurance in favor of theestateincludesinsuranceeffectedtoprovide
funds to meet the estate tax,and any other
Page 12
taxes,debts,or charges which are enforceable
against the estate.The manner in()Vhi,ch'th~~r{
policy is drawn is immaterial so long'as there
is an obligation,legally binding upon the bene-
ficiary,to use the proceeds in payment of such
taxes,debts,or charges.The full amount is
so includible even though the premiums or otherconsiderationwherewiththeinsurancewasac-
quired may have been paid by a person other
than the decedent.
3.Insurance receivable by beneficiaries other
than the estate.-Insurance with respect to
which the decedent possessed incidents of
ownership at time of death.-The proceeds of
all insurance on the life of the decedent not
receivable by or for the benefit of his estate
must be included in the gross estate if the
decedent possessed at his death any of the in-
cidents of ownership,exercisable either alone
or in conjunction with any person.
Incidents of ownership in a policy include,
for example,the right of the insured or his
estate to its economic benefits,the power tochangethebeneficiary,to surrender or cancel
the policy,to assign it,to revoke an assignment,
to pledge it for a loan,or to obtain from the
insurer a loan against the surrender value of
the policy,etc.A reversionary interest (as,for
example,if the proceeds would become pay~ble
to the insured's estate or payable as he might
direct,should the beneficiary predecease him),~oh~titutes;'an ,I'ncident of ownership for thepurposeoftheprecedingparagraphonIyif
immediately before the death of the decedent
the value of the reversionary interest exceeded
5 percent of the value of the policy at that time.
4.Execution of schedule.-Under "Descrip-tion"show the name of the insurance company,
number of policy,name of beneficiary,face
amount of the policy,principal amount of any
indebtedness to the insurance company deduct-
ible in determining the net proceeds,the in-
terest on the foregoing indebtedness accrued
to the date of death,and the amounts of ac-cumulated dividends (including interest payable
thereon),post·mortem dividends,and returnedpremiums.The value to be entered in the valua-
tion column of Schedule 0 is the net proceeds
from the above items.
For every policy of life insurance listed in the
schedule which constituted a part of the gross
estate,the executor must procure a statement
on Form 712 by the company which issued thepolicyandfileitwiththereturn.
In addition to the insurance shown on the
return as part of the gross estate,compl,ete
information must be submitted as to any insur-
ance on the decedent's life which the executor
believes is not includible in the gross estate.
Form 706 (Rev,7-71)
Estate of:
SCHEDULE D-Insurance on Decedent's Life
Was there any insurance on the decedent's'life which is not included in the return as a part of the gross estate?.
If "Yes,"full details must be submitted under this schedule.
,DYes ~No
Page 13
(If more space IS needed,Insert addlh~nalsheet;of same s',ze)
Item !>escription Alternate val·Alternate value 'Value at date of d~athnumberuationdate
1 'NONE $$
..:
I
,
I
i I
I
,
.'\!-
,,
./
I
TOTA~(Also enter under the Recapitulation,page 3.)~ONE $NONB
, ,
.
I·'
,
l",",'~'..,
I
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I ".
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II
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If'I~I;I~..
Instructions for Schedule E.-Jointly Owned Property
All property of whatever kind or character,
whether real estate,personal property,bank
accounts,etc.,in which the decedent held at
the time of his death an interest either as a
joint tenant or as a tenant by the entirety,with
right of survivorship,must be disclosed.under
this schedule.
The full value of the property must be in-
cluded in the gross estate,unless it can be
shown that a part of the property originally
belonged to the other tenant or tenants and
was never received or acquired by the other
tenant or tenants from the decedent for less
than an adequate and full consideration in
money or money's worth,or unless it can be
shown that any part ofthe property was acquired
with consideration originally belonging to the
surviving joint tenant or tenants.Where it is
shown that the property or any part thereof,
or any part of the consideration with which the
property was purchased,was acquired by the
other tenant or tenants from the decedent for
Page 14
less than an adequate and full consideration
in money or money's worth,there should Ibe·
omitted only so much of the value of the
property as is proportionate to the consideration
furnished by such other tenant or tenants.For
the purposes of the estate tax,a relinquishment
or promised relinquishment of dower,curtesy,
or of a statutory estate created in lieu of dower
or curtesy,or of other marital rights in thedecedent's property or estate,is not to any
extent a consideration in money or money's
worth.
Where the property was acquired by gift,
bequest,devise,or inheritance by the decedent
and spouse as tenants by the entirety,then only
one·half of the value of the property should be
included.Where the property was acquired by the
decedent and another person or persons by gift,
bequest,devise,or inheritance as joint tenants,
and their interests are not otherwise specified
or fixed by law,then there should be included
only such fractional part of the value of the
property as is obtained by dividing the full value,.of the property by the"number of joint tenants.
If the executor contends that less than the
value of the entire property is includible in
the gross estate for purposes of the tax,the
burden is upon him to show his right to include
such lesser value,and in such case he should
submit proof of the extent,origin,and natureofthedecedent's interest and the interest of
the decedent's cotenant or cotenants.
Property in which the decedent held an in-
terest as a tenant in common should not be
listed under this schedule,but the value of hisinterestthereinshouldbereturnedunderSched-
ule A,if real estate,or if personal property,
under such other appropriate schedule.Simi-
larly,community property held by the decedent
and spouse should be returned under the ap-
propriate Schedules A to I.The decedent's in-
terest in a partnership should not be included
under this schedule,but should be shown under
Schedule F,"Other miscellaneous property."
Form 706 (Rev.7-71),
Estate of:HELEN EBELING BOLYARD
SCHEDULE E-Jointl!Owned Property
1 Did the decedent,at the time of his death,own any property as a J:>int tenant or as a tenant by the entirety,with
right of survivorship?. . . . . . . . . . . . . .. . . . . . . . . . . . .ex Res 0 No
If "Yes,"sta,te'the name and address of ecch surviving co·tenant.
__________N_am_e 1 Add'e<,(Nombe,"d ",.."d'y,S"'e,"d"F OOde)__
Guy J.Bolyard (husband)~.D.~13..BoX 92,Washington,ra.15301
2 If the answer to question 1 is "Yes,"has the full value of the property )een included in the gross estate?
If "No,"see the instructions for this sch~du/e and submit the necessaryproof.
IX!Yes 0 No
Item
number
1
[·escription
Lot approximately 100'x 460',situate
in S.Strabane Twp.,Washington County,fa.o -
fronting on Locust Ave.Ext.;having
erected thereon a l-story brick house and
garage (D.B.1243,page 27)
Alternate val·uation date
9/18/71
Alternate value
$
30000.00
'Value at date of death
$
30000.00
10379.70 10379.70
I
lr~2!
i "~,
t·
i 3
4
Checking Acct.-Union National Bank,
,,Washington,'a.9/18/71
Savings Acct'.,No.22145,Claremont Sav-
ings &Loan Ass 'n"Claremont,Calif.9/18/71
Savings Acct.,No.,8..3697,First Federal
Savings &Lpan'Ass'n of Washington 9/18/71
1983.93
3115.06
1983.93
3115.06
5 Savings Acct.,No.1-1285,First'Federal
Savings &LOan Asstn of Washington 9/18/71 10000.00 10000.00
}
j
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"'
TOTAL (Also enter under the Recapitulation,page 3.)
(If more space is needed.insert adcitiomd sheets of same size)Page 15
Instructions for Schedule F.-Other Miscellaneous Property
Under this schedule list all items of the
gross estate not reportable under any other
schedule,such as the following:Debts due the
decedent;interests in business;insurance on
the life of another;claims (including the value
of the decedent's interest in a claim for refund
of income taxes or the amount of the refund
actually received);rights;royalties;pensions;
leaseholds;judgments;reversionary or remain-
der interests;shares in trust funds;household
goods and personal effects,including wearing
apparel;farm products and growing crops;live-
stock;farm machinery;automobiles;etc.
Page 16
When an interest in a copartnershiplor unin·
corporated business is reportable,'submit a
statement of assets and liabilities as of the
valuation date and for the 5 years preceding
and statements of the net earnings for the same
5 years.Goodwill must be accounted for.In
general,the same information should be fur·
nished and the same methods followed as in
valuing close corporations.See Instructions for
Schedule B on page 8.
In case of an interest in a trust fund,a copy
of the trust instrument should be submitted.
Where decedent owned insurance on the life
of another,Form 938,Life Insurance Statement,
may be obtained from the insurance company .
by the executor and fil,ed with the return.
For articles having marked artistic or in·
trinsic value of a total value in excess of
$3,000 (e.g.jewelry,furs,silverware,paintings,
etchings,engravings,antiques,boo~s,statuary,
vases,oriental rugs,coin or stamp collections),
there must be filed with the return as supple·
mental documents the appraisal by an expert
under oath and the executor's statement con·cerning the qualifications of the appraiser;see
section 20.2031-6(b)of the regulations.
",
Form 706 (Rev.7'-71)
Estate of:HELEN EBELING BOLYARD
---~~~-----,-"---",~~-"---",'''----------------------------------------
x
SCHEDULE F-other Miscellaneous Piroperty
(For jointly owned property which must be disclosed on Schedule ::,see Instructions for Schedule E.)
1 Did the decedent,at the time of his death,own any interest in a copcrtnership or unincorporated business?
If "Yes,",state b.usin'ess name and address.'
Yes No---~~-------------------------------------------I
I
I
I'
----------------------------------------------
x
x
x
x2Didthedecedent,at the time of his death,own any articles or collecticns having either artistic or intrinsic value,such cs
jewelry,furs,paintings,antiques,rare books,coins or stamps?~if "Yes;":fuli d~tails must be sUbmitt~dunder this schedule.
3 Was there any insurance which the decedent owned on the life of ano'her which is not included in the return as c pa t
of the gross estate?
If"Yes,"',full details must be submitted under this schedule.
4 Has the decedent's estate,his spouse,or any other person,received (0'will receive)any bonus or award as a result )f tile
decedent's employment or his death?
..If "Yes,'~full details must be submitted linderthis schedule.----'-'-'---..:...::..:::.....:.--"-'--'-'-'-'-----'--'-------'-'-'--"-'---'-----'-----'---'--------------~-------------
5 Did the decedent at the time of his death have a safe deposit box?
If "Yes,"s~ate locatio,:"and if held in joint names of himself a,:,d anotter,state name and relationship of joint depo:siter•
.I'),.;.
I,.I'
lI-Ifany ,cif the 'contents of the safe deposit box are omitted from the scllsdules in this return,explain fully Why omitted.•
"'.:~.:C~.'_,l
6 Did the decedent,at the time of his death,own any other miscellaneous[property not reportable under any otherschecule'x
Vah a at date of death
206.20 206.20
i
Alternate value
$$
56.65 J 56.65
Alternate val·
uation date
9/18/71
9/18/71
Description
...,
l 1 •~,
B1U~Cross of'Western Pa.-Refund onpremiums',.,
Me,d,;icare _.R~imbursement for me~,ical
expenses
1
2
Itemnumber
~:r
I,.
~"I
l,.'
I .
II ..
f~
I~
I
~,
I;~.
I \
I,
Ii,
t
\,
\'Ii\\\\.
I·'~
"
.\
iTOTAL(Also enter ~nder the Recapitulation,page 3.)$262.85
II (If more space is needed.insertaddtiona1sheets ofsame size)Page 17
Instructions for Schedule G.-Transfers During Decedent's Life
In accordance with the provisions of sections
2035-38 of the Code,the following transfers
made by the decedent during his life,by trust
or otherwise,other than bona fide sales for
an adequate and full consideration in money or
money's worth,are subject to the tax,and must
be included in the gross estate under this
schedule:
(1)Transfers made in contemplation of
death.-Transfers by decedents are,unless
shown to the contrary,deemed to have been
made in contemplation of death,if they were
made within 3 years prior to death.However,
no transfer made priorto the 3 years immediate·
Iy preceding the decedent's death shall be
deemed a transfer in contemplation of death.
(2)Transfers made on and after September 8,
1916,taking effect at the decedent's death.
A transfer made by the decedent taking effect
at his death is one under which possession or
enjoyment of the property can be obtained only
by surviving the decedent.However,such a
transfer is not treated as a transfer taking effect
at death unless the decedent retained a rever-
sionary interest in the property which imme-
diately before his death had a value in excess
of 5 percent of the value of the transferred
property.In the case of such a transfer made
before October 8,1949,the reversionary interest
must have arisen by the express terms of the
instrument of transfer.
(3)Transfers whereby the decedent retainedthepossessionorenjoymentof,or the right
to the income from,the transferred property
ifthe transfer was made:
(a)After March 3,1931,and the reten-
tion is for his life,or for any period which
does not in fact end before his death;or
(b)After June 6,1932,and the retentionisforhislife,or for any period not ascertain-able without reference to his death or for
any period which does not in fact end before
his death.
(4)Transfers (not otherwise includible)
whereby the decedent retained the right to desig-
nate the person or persons who shall possess
or enjoy the transferred property,or the income
therefrom if the transfer was made:
(a)After March 3,1931,and the right
to so designate was retained by the decedent
alone,for his life,or for any period which
does not in fact end before his death;or
(b)After June 6,1932,and the right to
so designate was retained by the decedent,
either alone or in conjunction with any person
for his life or for any period not ascertainablewithoutreference.to his death or for any
period which does not in fact end before his
death.
(5)Transfers whereby the enjoyment of the
transferred property was subject at decedent's
Page 18
death to any change through the exercise of a
power to alter,amend,revoke,or "terminate,
as follows (unless the decedent was,for a
continuous period beginning on or before Sep-
tember 30,1947,and ending with his death,
after August 16,1954,under a mental dis-
ability to relinquish a power as described in
section 20.2038-1(f)of the regulations):
(a)In case the transfer was made before
4:01 p.m.,eastern standard time,June 2,
1924,and the power was reserved at the
time of the transfer and was exercisable by
the decedent alone or in conjunction with
a person having no substantial adverse in·
terest in the transferred property.
(b)In case the transfer was made after
4:01 p.m.,eastern standard time,June 2,
1924,and before June 23,1936,and the
power was reserved at the time of the trans-
fer and was exercisable by the decedent alone
or in conjunction with any person (regardless
of whether such person had a substantial
adverse interest in the transferred property),
or
(c)In case the transfer was made after
June 22,1936,regardless of whether the
power was reserved at the time of the trans-
fer or later created or conferred,and with·
out regard to the source from which the power
was acquired,regardless of whether the power
was exercisable by the decedent alone or inconju'nction with any person,and if in con-
junction with any person,regardless of
whether such person had a substantial ad-
verse interest in the transferred property.
(6)Transfers effected by the relinquishment
in contemplation of death of his power to alter,
amend,revoke,or terminate a transfer of prop-
erty previously made by the decedent underconditionssetforthintheprecedingsubpara·
graph (5).Such transfers will not be considered
to have been made in contemplation of death
unless they were made within 3 years prior to
death.
For more detailed information,see the Estate
Tax Regulations.
Transfers included in the gross estate should
be valued as of the date of the decedent's death
or,if the alternate valuation is adopted,in ac-
cordance with section 2032 of the Code.If
only a portion of the property is so transferred
as to come within the terms of the Statute,only
a corresponding proportion of the value of the
property should be included in the value of the
gross estate.If the transferee makes additions
to the property,or betterments,the enhanced
value of the property at the valuation date,due
to such additions or betterments,should not
be included under this schedule.However,where
only a portion of the value of the property is
included,the value of the whole must be dis-
closed under the column headed "Description,"
together with an explanation of the proportionate
inclusion.
To constitute a bona fide sale for an adequate
and full consideration in money or money's
worth,it must have been made in good faith,
and the price must have been an adequate and
full equivalent and reducible to a money value.If the price was less than an adequate and full
equivalent,only the excess of the fair market
value of the propzrty,as of the valuation date,
over the price received by the decedent should
be included in the gross estate.For the purpose
of the estate tax the relinquishment or promised
relinquishment of dower,curtesy,or of a stat·
utory estate created in lieu of dower or curtesy,
or of a statutory estate created in lieu of dower
or curtesy,or of other marital rights in the
decedent's property or estate,is not to any
extent a consideration in money or money's
worth.
All transfers made by the decedent within
3 years prior to the date of his death of a value
of $1,000 or more and all transfers (other than
outright transfers not in trust)made by the
decedent at any time during his life of a value
of $5,000 or more except bona fide sales for
an adequate and full consideration,in money or
money's worth must be disclosed in the return,
whether the executor regards such transfers as
subject to the tax or not.The following situations
may be subject to the above requirement to
disclose all transfers within 3 years of death
of a value of $1,000 or more:(1)joint bank
accounts which have been closed,(2)real and
personal property held as joint tenants or ten·
ants by the entirety with right of survivorship
which has been severed,and (3)insurance on
the decedent's life for which he paid the pre·
miums but held no incidents of ownership.If
the executor contends that a transfer of avalueof$1,000 or more was not made in
contemplation of death,he must file with the
return as supplemental documents (1)a copy
of the death certificate,and (2)his statement
signed under penalties of perjury of all the
material facts and circumstances including those
directly or indirectly indicating the decedent's
motive in making the transfer and his physical
and mental condition at the time.
In case a transfer,by trust or otherwise,was
made by a written instrument,a copy must be
filed with the return.Ifof public record,the copy
should be certified;if not of record,the copy
should be verified.
The name of the transferee,date and form
of transfer,and a complete description of the
property should be set forth in this schedule.
!~ents and other income must be included as
explained under General Instruction H,Execution
of Return.
r
Page 19
L"ft'dDDf
(If more space is needed,insert additional:sheets of same s'ze)
SCHEDULE G T
\.
-rans ers urmg ece en s I e Yes No----
1 Did the decedent make any transfer described in the first paragraph (including the six subparagraphs)of the instructior1S
for this schedule?",X"----
2a Did the decedent,at any time,make a transfer(other than an outright transfer not in trust)of an amountof $5,000 or mOle
without an adequate and full consideration in money or money's worth,but not bellieved to be includible in the gross ~sta:e
as indicated in the first paragraph (including the six subparagraphs)of the instructions for this schedule?
If "Yes,"furnish the following information:X
2b ,Da~e , ,_I:~c,~m~un~orvalue I
2d Character of transfer ~~~I":...',~~.j.',~~~:
3a Did the decedent,within 3 years immediately preceding his death,make any transfer of his property without an adEqua':e
and full cp,n~id~r~,t}on,i,n ,!'J:I~ney,~r moner's ,~orth?,.".;
If "Yes,"and the transfer was of an amount of $l!OOO or more,furnish the following information:X
3b Date I 3c Amount or value I 3d Character of transfer ~I il,,,~~
3e Motive which actuated decedent in making thetransfer ~I :~I~
3f Name and address of hospitals in which decedent was confined wi,thin 3 years of his death ~~II,;~
4 Were there in existence at the time of the decedent's death any trusts created by him during his lifetime?
Have'Federal:,gift,:tax return's ever'been fil~d?'•';--5a "'.",,""'.,"
If "Yes,'''furnish the .following information:',',''X.1 ,I:,,"_••I,',.•'.,.,,
5b Period(s)coyered,,"'
I
5c Internal ,Reve~u~office(s)where1!Jed I I~, ,I".•.•".'~,,,,
..~'
,J'....,".,,,..,'.,Item .,...D,escription Alternate val,P.lternate value Valle at date of deathnumber't·'·'·,'\;(\''",,uatic·n date\,..-,',"','\--.,.'1 NONE '.''.':"••!",,$$.,;,,~:. • ....l "
,"...,,'.,
;,.",
" I "!I..I .,,.,','I
.'.,,.,:
",",
.,
~"
I
;
\
Ir
,I,
.
;
\
I \,..
\\
/'I.',
TOTAL (Also enter'under the Recapitulation,page 3.)$NONE $NONE
,Form 706 (Rev.7-71)
\
Estate of:
'j
;.,
i
I
I
I
Instructions for Schedule H.-Power of Appointment
1.General.-There is ineludible in the gross
estate under this schedule the value of certain
property with respect to which the decedent pos·
sessed a general power of appointment at the
time of his death,or with respect to which he
once possessed a general power of appointment
and exercised or released that power prior to
his death by a disposition of such a nature
that if it were a transfer of property owned by
the decedent,such property would be ineludible
in his gross estate.A general power of appoint·
ment is described below.If the decedent ever
possessed a general power of appointment,the
executor should examine the regulations issued
pursuant to section 2041 of the Code to ascer·
tain whether the value of the property subject
to that power is includible in the gross estate.
2.Definition of a power of appointment and
a general power of appointment.-The term
"power of appointment"includes all powers
which are in substance and effect powers of
appointment regardless of the nomenclature
used in creating the power or of local property
law connotations.For.example,ifa settlor trans·
fers property in trust for the life of his wife,
with a power in the wife to appropriate or con·
sume the principal of the trust,the wife has
a power of appointment.
The term "general power of appointment"
means a power which is exercisable in favor of
the decedent,his estate,his creditors,or the
creditors of his estate,with the following
exceptions:.;.\.'/Ll.J:~
(1)A power to consume,invade,or appro·
priate property for the benefit of the decedent
which is limited by an ascertainable standard
relating to health,education,support,or main·
tenance of the decedent is not a general power
of appointment.
(2)A power created on or before October
21,1942,which is exercisable by the dece-
dent only in conjunction with another per·
son is not a general power of appointment.
(3)A power created after October 21,
1942,is not a general power of appointment
if it is exercisable by the decedent only in con·
junction with (a)the creator of the power,or
(b)a person having a substantial interest in
the property subject to the power,which is
adverse to the exercise of the power in
favor of the decedent.
(4)If (after the application of (3»a power
created after October 21,1942,is a general
power and it is exercisable by the decedent
only in conjunction with another person but
(in addition to being exercisable in favor of
the decedent,his estate,his creditors,or the
creditors of his estate)is exercisable in favor
of such other person,the power is deemed
a general power only in respect of a fractional
part of the property subject to such power.
The fractional part is determined by dividing
the value of such'property by the number of
•pers'ons '(ineluding the decedent)in favc,r of
whom such power is exercisable.
3.Date of creation of power.-A power of
appointment created by will is,in general,con·
sidered as created on the date of the testator's
death;however,a power of appointment created
by a will executed on or before October 21,
1942,is considered a power created on or before
that date if the person executing the will died
before July I,1949,without having republished
the will,by codicil orotherwise,after October 21,
1942.A power of appointment created by an
inter vivos instrument is considered as created
on the date the instrument takes effect.If the
holder of a power exercises it by creating a
second power,the second power is considered
as created at the time of the exercise of the
first.
4.Supplemental data.-If the decedent ever
possessed a power of appointment,a certified
or verified copy of the instrument granting the
power,together with a certified or verified copy
of any instrument by which the power was
exercised or released,must be filed with the
return.These copies must be filed even though
it is contended that the power was not a general
power of appointment,and that the property
is not otherwise includible in the gross estate.
Instructions for Schedule I.-Annuities
1.General.-Except as otherwise provided
under "Annuities under approved plan:'there
shall be included in the gross estate under this
schedule all or a portion of an annuity or other
payment receivable by any beneficiary following
the death of the decedent under a contract or
agreement which satisfies the four conditions
set forth below.It should be noted that condi·
tion (d)is satisfied if the contract or agreement
satisfies either clause (i)or clause (ii)thereof.
The conditions are:
(a)The contract or agreement is not a
policy of insurance on the i1fe of the decedent.
(b)The contract or agreement was entered
into after March 3,1931.
(c)The annuity or other payment is reo
ceivable by the beneficiary by reason of the
beneficiary's having survived the decedent.
(d)Under the contract or agreement-
(i)an annuity or other payment was pay-
able to the decedent,either alone or in
conjunction with another,for his life or for
any period not ascertainable without refer-
ence to his death or for any period which
did not in face end beiore his death,or
(ii)the decedent possessed the right to
receive the annuity or other payment,either
alone or in conjunction with another,for
his life or for any period not ascertainablewithoutreferencetohisdeathorforany
period which did not in fact end before his
death.
It is immaterial whether the annuity or other
payments to the survivor are payable in a lump
sum or in installments and,if payable in in·
stallments,whether the installments to the sur-
vivor are in the same amount as,or in a greater
or lesser amount than,the annuity or payments
to the decedent.The value of the annuity or
Page 20
other payment to the survivor is the value there·
of immediately following the decedent's death.
2.Portion includible.-Where the decedent
contributed only a portion of the purchase price
of the contract or agreement,there is ineluded
in the gross estate only that portion of the value
of the annuity or other payment receivable by
the surviving beneficiary which the decedent's
contribution to the purchase price of the an-
nuity or agreement bears to the total purchase
price thereof.For example,in a case where
the value of the survivor's annuity was $20,000
and the decedent had contributed three·fourths
of the purchase price ofthe contract,the amount
includible is $15,000 (%X $20,000).Except
as otherwise provided under "Annuities under
approved plan:'contributions made by the de·
cedent's employer to the purchase price of the
contract or agreement are con'sidered as made
by the decedent if they were made by the em-
ployer by reason of the decedent's employment.
For further information see the estate tax regu-
lations issued pursuant to section 2039 of the
Code.
3.Definition.-The term "annuity"ineludes
periodic payments for a specified period of
time.The following are examples of contracts
(but not necessarily the only forms of contracts)
providing for payments which constitute annui-
ties or other payments for the purpose of in-
clusion in this schedule:
(a)A contract under which the decedent
immediately before his death was receiving,
or was entitled to receive,for the duration
of his life an annuity or other stipulated pay-ment,with payments thereunder to continue
after his death to a designated beneficiary,
if surviving the decedent.
(b)A contract under which the decedent
immediately before his death was receiving
or was entitled to receive,together with an-
other person,an annuity or other stipulated
payment payable to the decedent and the
other person for their joint lives,with pay·
ments thereunder to continue to the survivor
following the death of either.
(c)A contract or agreement entered into
by the decedent and his employer underwhichthedecedentimmediatelybeforehisdeath
and following retirement was receiving,or
was entitled to receive,an annuity or other
stipulated payment,payable to the decedent
for the duration of his life and thereafter to
a designated beneficiary,if surviving the de·
cedent,whether the payments after the de-
cedent's death are fixed by the contract or
subject to an option or election exercised
or exercisable by the decedent.However,see
"Annuities under approved plan."
(d)A contract or agreement entered into
by the decedent and his employer under which
at the decedent's death,prior to retirement
or prior to the expiration of a stated period
of time,an annuity or other payment was
payable to a designated beneficiary if surviv-
ing the decedent.However,see "Annuities
under approved plan."
(e)A contract or agreement under which
the decedent immediately before his death
was receiving,or was entitled to receive,an
annuity or other payment for a stated period
of time,with the annuity or other payment
to continue to a designated beneficiary,uponthedecedent's death prior to the expiration
of that period of time,if surviving the
decedent.
4.Annuity under approved plan.-Special
rules are provided in the case of an annuity
or other payment und,er:
(Continued on page 22)
•Form 706 ~Re~.7-71)
Estate of:HELEN EBELING BOLYARD
SCHEDULE H-Powers of Appomtment Yes I No
la Did the decedent,at the time of deatt,possess a,general power of appointment created after October 21,1942?--X-
Ib On or before such date?-X--
2a Did the decedent,at any time,by will or otherwise,exercise or releas~(to any extent)a general power of appointmert
created after Octcber 21,1942?~
2b On or before such date?L.
3 Were there in existence at the time of·he decedent's death any trusts not created by him under which he possessel~any
power,beneficial interest,or trusteeship?X
Item iJescription Alternate val,Alternate value Valu.at date of deathn!:Jmber uation date
--I NONE $'$
,
I
TOTAL (Also enter under the Recapitulation,page 3.)$NONE $NONE
SCHEDULE I A
"-nmutles I Yes No
"-----
la Was the decederit;immediately befo[e his cjeath,receiving an annuit/as descri,bed in pa'ragraph 1 of the instructJons for I
this schedule?"
;g,--
Ib If "Yes,"was tt',at annuity paid pursuant to an approved plan as described in paragraph 4 Of the instructions for :his
schedule?t.,"".",".,"
Ie If the answedo'''lb''is "Yes,"state the ratio of the decedent's con:ribution to the totai purchase price of the arinui':y,~~e~~~
2a If the decedent wasemployed at the time of his death,did an annu·ty or other payment as described in paragraoh ::(d)
of the ,nstructions for this schedule become payable to any beneficiary by reason of the beneficiary's havingiiUrv.ved
the decedent?.X
2b If "Yes,"stat.e the ratio ofthe decedent's contribution to the total pur:hase price of the annuity.I ~~~
Item Description Alternate val',Alternate val ue Value at date of deathnumberualiondate
I NONE $$
i
I
TOTAL (Also enter under the Re:apitulation,page 3,)..$NONE $NONE
(If morespace is needed,insertadditional sheets ofsame size)Page 21
"
Instructions for Schedule I-Continued
(a)An employees'trust (or under a con·
tract purchased by an employees'trust)form·
ing part of a pension,stock bonus,or profit-
sharing plan which met all ofthe requirements
of section 401(a)of the Code,either at the
time of the decedent's separation from em-
ployment (whether by death or otherwise)or
at the time of the termination of the plan
if earlier;
(b)A retirement annuity contract purchased
by the employer (but not by an employees'
trust)pursuant to a plan which,at the time
of the decedent's separation from employment
(by death or otherwise),or at the time of the
termination of the plan if earlier,was a plan
described in section 403(a);
(c) A retirement annuitycontract purchased
for an employee by an employer which is
an organization referred to in section 170
(b)(I)(A)(ii)or (vi),or which is a religious
organization (other than a trust),and which
is exempt from tax under section 501(a)of
the Code;or
(d)Chapter 73 of title 10 of the United
States Code.
Where the annuity or other payment described
above is receivable by a beneficiary other than
the executor and the decedent made no con·
tributions under the plan toward the cost there·
of,no portion of the annuity or other payment
is includible in the gross estate.If:the .(jece-
dent made a contribution under the plan toward
the cost thereof,there shall be included in
this schedule of the return that proportion of
the annuity or other payment which an amount
A (the amount of the decedent's contribution
under the plan)bears to B (the total amount
of all contributions under the plan).The de-
cedent's contributions under a plan which satis-
fies the requirements set forth in (a)or (b)
do not include any amounts contributed by
the employer under the plan,but in the case
of (c),employer's contributions in excess of
the amounts excludable from gross income of
the decedent under section 403(b)are con-
sidered to have been contributed by the dece-
dent.However,contributions or payments on
behalf of the decedent while he was a self-
employed individual made under a trust or
plan described in paragraph (a)or (b)above
shall be considered to have been made by the
decedent.Amounts payable under chapter 73
of title 10 of the U.S.Code are attributable to
payments or contributions made by the de-
ceased serviceman only to the extent of amounts
deposited by him pursuant to section 1438 oftitle10.If any portion of the annuity or other
payment is receivable by the executor,it is
includible in the gross estate under this schedule
~o the extent that it is,receivable by the executorin.his capacity as such.,In general,the annuity
or other payment is receivable by the executor
if it is to be paid to him or if there is an
agreement (expressed or implied)that it will
be applied by the beneficiary for the benefit
of the estate (such as in discharge of the
estate's liability for death taxes or debts of
the decedent,etc.)or that its distribution will
be governed to any extent by the terms of the
decedent's will or the laws of descent and
distribution.If data available to him does not
indicate whether the plan satisfies the require-
ments of section 401 (a)or 403(a),the executor
may obtain information relative thereto from
the district director of internal revenue for the
district in which the employer has his principal
place of business.For further details,see the
estate tax regulations issued pursuant to section
2039 of the Code.
5.Execution of schedule.-In describing an
annuity,the name and address of the grantor
of the annuity should be given,or if payable
out of a trust or other fund,such a description
as will fully identify it.If payable for a term
of years,the duration of the term and the date
on which it began should be given,and if payable
for the life of a person other than the decedent.
the date of birth and sex of such person should
be so stated.
,
Instructions for Schedule J.-Funeral Expenses and Expenses incurred in
Administering Property Subject to Claims
Funeral expenses and expenses incurred in
administering property subject to claims should
be itemized.giVing names and addresses of
persons to whom payable,and exact nature of
the particular expense.Expenses incurred in
administering property not subject to claims
should not be listed on this.schedule.In con·
nection with such expenses,see the instructions
for Schedule L.
The total deduction for executors'commis-
sions should be entered at item 1,the total
deduction for attorneys'fees should be entered
at item 2,and the deductions for funeral ex·
penses and miscellaneous administration ex-
penses should be itemized under the designated
sections of the schedule.In itemizing the allow-
able funeral expenses,deduct any reimburse-
ments,such as death benefits payable by the
Social Security Administration and the Veterans
Administration.An item may be entered for
deduction though the exact amount is not known
at the time the return is filed,provided it is
ascertainable with reasonable certainty.and will
be paid.No deduction may .be ta~en upon t~e
basis of a vague or uncertain estimate.Retain
all vouchers and receipts for inspection by the
Internal Revenue Service.
The executor or administrator,when filing
the return.may deduct his commissions in such
an amount as has actually been paid or which
at that time it is reasonably expected will be
paid,but no deduction may be taken if no
Page 22
commissions are to be collected.In case the
amount of the commissions has not been fixed
by decree of the proper court,the deduction
will be allowed on the final audit of the return
provided:(1)that the district director is reason-
ably satisfied that the commissions claimed
will be paid;(2)that the amount entered as a
deduction is within the amount allowable by the
laws of the jurisdiction wherein the estate is
being administered;and (3)that it is in accord-
ance with the usually accepted practice in said
jurisdiction in estates of similar size and char-
acter.If the commissions claimed have not
been paid at the time of the final audit of the
return,the amount deducted must be supported
by an affidavit,.or statement signed under thepenaltiesofperjury,of the executor stating that
such amount has been agreed upon and will be
paid.
A bequest or devise to the executor in lieuofcommissionsisnotdeductible.If.however,
the decedent fixed by his will the compensation
payable to the executor for services to be ren-
dered in the administration of the estate,de·
duction may be taken to the extent that the
amount so fixed does not exceed the compen-
sation allowable by the local law or practice.
Amounts paid as trustees'commissions
should not be listed on this schedule whether
received by the executor acting in the capacity
of a trustee or by a separate trustee as SUCh.
For the deduction of such amounts incurred
in administering property not SUbject to claims,
see the instructions for Schedule L.
When filing the return there may b.e deducted
such an amount of attorneys'fees as has actually
been paid or which at that time it is reasonablyexpectedwillbepaid.If on the final audit of
the return the fees claimed have not been
awarded by the proper court and paid,the de-
duction will be allowed,provided the district
director is reasonably satisfied that the amount
claimed will be paid and that it does not exceed
a reasonable remuneration for the services reno
dered,taking into account the size and character
of the estate and the local law and practice.
If the fees claimed have not been paid at the
time of the final audit of the return,the amount
deducted must be supported by an affidavit,orstatementsignedunderthepenaItiesofperjury,
of the executor or the attorney stating that such
amount has been agreed upon and will be paid.
Attorney's fees incidental to litigation insti-
tuted by the beneficiaries as to their respective
interests do not constitute a proper deductioninasmuchasexpensesofthischaracterare
properly charged against the beneficiaries per-
sonally and are not administration expenses
as contemplated by the statute.For the deduc-
tion of attorney's fees incurred in administering
property not subject to claims,see the instruc-
tions for Schedule L.
Executors should note that executors'com·
missions constitute taxable income.
,Form 706 (Rev.7-71)
Estate of:HELEN EBELING BOLYARD
,i ~
SCHEDULE J-Funeral Expenses and Expenses Incurred in Administering Property Subject to Claims
Note.-Do not list on this schedule expenses of administering property not subject to claims.In connection with su;h expenses,see
Schedule L.
If executors'commissions,attorneys~fees,etc.,are claimed and allowed as a deduction for estate tax purpoies,they are not
allowable as a deduction in computing the taxable income of the estate for Federal income tax purposes.
19.50
14.00
14.00 '
3.00
5.00
16 ..00
Itemnumber
1
2
3
Description
,A.Funeral expenses:
Bamhill Funeral ,Home
Howard Wasler,Florist -Funeral flowers
Total.. . . . . . . . .... . . . . . .
B.Administration expenses:
Executors'commissions-amourt estimated/agreed upon/paid.(Strike out words not
applicable). . . . . . . . . . . . . . . . . , . . . . . .
Attorneys',fees-amount m"'~ad/agreedupon~.(Strike out words not applicable)
,Miscellaneous expenses:
',)iussellMarino,Reg.;...Letters'Testamentary
·~·"t~ash.Co.Reports ...·Executor·s.Notice'
.,'\'Q1)server'Pub.Co t:..Executor's Notice
""Russell Marino,E.e.g ....Filing Inventory
~Marie Guido's"Notary Fees
<·Russell Marino,B.eg~'..-Filing Account
.1.:_•
$
2,396.95
150.00'
x x x x x
x x x x x
x x x x x
Amount'
NGne
~--::_~-~-~~~--~-~-~~
j~~.~'I ~;,:.yof.:1:,,;~:.;I .',
:<..t..:~f:'~tl~~~..t I~i:~
:"I :~• "~'~••1;'..\.'I ~.l'~I l.'
,"
.'\"
"
"
..
I:'~".''".
\"
Total miscellaneous expenses .
TOTAL (Also enter'yoder the R~capitulation,page 3.). . . . . .
(Ifmore space is needed.insert additional sheets of same size)
x x x x I(
\;"
71.50
$5,213.38
,Page 23
Instructions for Schedule K
Debts of Decedent
Itemize under "Debts of Decedent"only valid
debts of the decedent owed by him at the time
of death.Any such indebtedness secured by a
mortgage or other lien upon property of the
gross estate should be listed separately under
the heading of "Mortgages and Liens."If the
amount of the debt is disputed or the subject
of litigation,only such amount may be deducted
as the estate concedes to be a valid claim.If
the claim is contested,that fact should be
stated.
If the claim against the estate is founded
upon a promise or agreement,the deduction
therefor is limited to the extent that the liability
was contracted bona fide and for an adequate
and full consideration in money or money's
worth,except that any such enforceable claim
founded upon a promise or agreement of the
decedent to make a contribution or gift (such
as a pledge or a subscription)to or for the
use of a charitable,public,religious,etc.,or-
ganization is deductible to the extent that such
a deduction would be allowable as a bequest
under the applicable statute.
The deduction for property taxes is limited
to such taxes as accrued prior to the date of
the decedent's death.Federal taxes on income
received during decedent's lifetime are deducti-
ble,but taxes on income received after death
are not deductible.
Enter in this schedule notes unsecured by
mortgage or other lien and give full details,
including name of payee,face and unpaid bal-
ance,date and term of note,interest rate and
date to which interest was paid prior to death.
Care must be taken to state the exact nature
of the claim as well as the name of the creditor.
If the claim is for services rendered over a
period of time,state the period covered by the
claim.Example:Edison Electric Illuminating.Co.,
for electric service during December .1970,$25'.
If the amount of the claim is the unpaid
balance due on a contract for the purchase of
any property of the gross estate,indicate the
schedule and item number where such property
is returned.If the claim represents a joint and
several liability,the facts n:llist be fully stated
and the financial responsibility of the co-obligor
explained.
All vouchers or original records should be
retained for inspection by the Internal Revenue
Service.
Allowable Death Taxes
Where an election is made to take a deduc·
tion under section 2053(d)rather than a credit
under section 2011 or section 2014,such deduc-
tion is subject to certain limitations.If any
difficulty is experienced in computing the deduc-
tion,a request for the computation of the de-.
duction may be submitted (a reasonable time
before the due date of the return)to the Com-
missioner of Internal Revenue,Washington,D.C.
20224.Such request should be accompanied
by a copy of the will and all relevant documents,
a statement showing the distribution of the
estate under the decedent's will,and a com-
putation of the state or foreign death tax showingtheamountpayablebycharity.
Mortgages and Liens
Itemize under "Mortgages and Liens"only
obligations secured by mortgages or other liens
upon property included in the gross estate at the
full value thereof,or the value of the property
undiminished by the amount of the mortgage
or lien.If decedent's estate is liable for the
amount of the indebtedness secured by such
mortgage or lien (i.e.,if the indebtedness is
enforcea.ble against other property of the estate'
not subject to such..mortgage or lien,or if
the decedent was personally liable therefor),
the full value of the property subject to the
mortgage or lien must be included in the gross
estate under the appropriate schedule.How-
ever,if decedent's estate is not so liable,only
the value of the equity of redemption (or value
of the property less the amount of such indebt-
edness)need be included in the gross estate.
Where the decedent's estate is not liable for
the amount of a debt secured by a mortgage
or lien and the amount of the debt is greater
than the value of the property subject to such
mortgage or lien,it is not possible to obtain a de-
duction for the full amount of the debt by enter-
ing the full value of the property as a part of
the gross estate and then deducting the full
amount of the debt under this schedule.Notes
and other obligations secured by the deposit of
collateral,such as stocks,bonds,etc.,also
should be listed under "Mortgages and Liens."
Identify,by indicating under the column
headed "Description,"the partiCUlar schedule
and item number where such property subject
to the mortgage or lien is returned under the
gross estate.
Show the name and address ofthe mortgagee,payee,or obligee,and the date and term of the
mortgage,note,or other agreement under which
the indebtedness is established.Show the face
amount,the unpaid balance,the rate of interest,
and date to which the interest was paid prior
to the decedent's death.
Mortgages upon,or any indebtedness with re-spect to,property included in the gross estate is
deductible only to the extent that the liability
was contracted bona fide and for an adequate
and full consideration in money or money'sworth..
Instructions for $chedule L.-Net Losses During Administration and Expenses Incurred
in Administering Property Not Subject to Claims
Net Losses During Administration
Losses are strictly limited to those arising
from fire,storm,shipwreck,or other casualty,
or from theft,to the extent that such losses
are not compensated for by insurance or other-
wise.Losses in order to be deductible must
occur during the-settlement of the estate.Such
losses are not deductible if,at the time of the
filing of the estate tax return,they had beenclaimedasadeduction-in a Federal income taxreturn.Depreciation in the value of securitiesorotherpropertydoesnotconstituteadeductible
loss.In listing losses,full particulars must be
given as to the loss sustained and the cause
thereof.If insurance or other compensation was
received on account of loss,state the amount
collected.The property with respect to which
the loss is claimed should be identified by indi-
cating the particular schedule and item number
Page 24
where such property is returned under the gross
estate.
If the alternate valuation is adopted,deduc-
tion for any loss·is limited to the extent that
such loss is not in effect allowed in the valua-
tion of the item in the gross estate.
Expenses Incurred in Administering
Property Not Subject to Claims
Itemize under "Expenses incurred in ad-
ministering property not subject to claims"
amounts representing expenses incurred in ad-
ministering property included in the gross estate
but not subject to claims.Such amounts are
deductible only if paid before the expiration of
the period of limitation for assessment provided
in section 6501 of the Code.
The names and addresses of persons to whom
payable and the exact nature of the particular
expense should be stated.The property with
respect to which the expense was incurred
should be identified by indicating the schedule
and item number where such property is re-
turned under the gross estate.An item may be
entered for deduction though the exact amount
is not known at the time,provided it is ascertain-
able with reasonable certainty,and will be paidbeforetheexpirationoftheperiodoflimitationforassessmentreferredtoabove.No deduction
may be taken upon the basis of a vague or
uncertain estimate.Retain all vouchers and re-
ceipts for inspection by the Internal Revenue
Service.
The expenses contemplated under this sched-
ule include such items as principal commissions
paid in respect of trust property included in the
gross estate,and attorneys'fees incurred tocontesttheinclusionoftrustpropertyinthe
decedent's gross estate.
Amount
Page 25
Amount
Amount
Amount
s
NONE
$
$ .0,
$NONE
$220.00
30.00
$NONE
$1,966.00
ring Property
Form 706 (Rev.7-71).,
EBELING BOLYARDEstateof:HB~~"
SCHEDULE JC:-Debts of Decedent and Mortgages and Liens
Item Debts of D!Cedent-Creditor and nature of claim,and ~lIowable death taxesnumber
--Martin Stutz Doctor bill1Dr.;..
..
2 Dr.Lowell G.Lubic ...Doctor bill
.
,i
l)oo
'Gaydos 'MOnument'Co:'Monument '.,
;3 ..'
I
,.
"L
r
i ..,I,,,;.',
•-
0'•,'TOTAL ':-'...\
enter Lnder'th'e RecapHuiation::~.).
,.'O~lso I=age..".....j ;"",0 "
Item , I Mortgages ~~d.,lIen~Dl!'Ocripti~number ,...."r,-.
1 ..'"~"',
..'...,NONE ..,,.,,
",
i.-'•~.'.1 ....,"';,.)..,',".',
"
,~,,,,
-,"•,1 .,,,,.
"I.,;'. ,.,..,.'"I.,),
,.,"
"T~)TAL (Also ent,er ,J.nder the ,Recapitulation,)age,~,)
;SCHEDULE'L"":':"Net Losses During 'Administration and Expenses Incurred in AdministeI,.
Not Subject to Claims
H ,'.:,,,..,~."-..,', I •~,,.,
Item I )
f
number ".,:t~)Net,losses during administrati.~,
"J~:I ",.,,•'I ',.•.:J ..'"1 ,.
i 1 .NONE ,
..
;
I
J
r '1 TOTAL (Also enter under the Recapitulation,page 3.)
Item \
''I Expenses incurred in admin stering property not subject to claims (lndi~te whether estimated,agreed upon,or paid.)number \"\0\--NONE\-1
,.\
1 .\\\
.\
,,\,",TOTf.L (Also enter under the Recapitulation,page 3.)
(If more space is needed,insE'r!additional sheets of same'size)
,\I.
I ,,
.!.
Instructions for Schedule M.-Bequests,etc.,to Surviving Spouse (Marital Deduction)
1.General.-In computing the taxable estate
for Federal estate tax purposes in the case of
the estate of a citizen or resident cif the United
States,a deduction from the gross'estate (the
"marital deduction")is authorized for certain
property interests passing from the decedent
to his surviving spouse.The marital deduction
is authorized by section 2056 of the Code.The
marital deduction may be taken only with respect
to property interests which are included in the
decedent's gross estate (Schedules A to I,in-
clusive).The deduction is generally not available
in case the gross estate consists exclusively of
the decedent's interest in property held by him
and his surviving spouse under community prop-
erty laws.(See the instructions for the Recapitu-
lation.)For the sake of brevity,these instruc-
tions make use of the masculine gender in ref·
erences to the deceased spouse and the feminine
gender in references to the survivor,but the
deductions are also authorized in the reverse
situation.
2.Property interests passing from the dece·
dent to his surviving spouse.-The property
interests included in the gross estate which are
considered to have passed from the decedent
to his surviving spouse and as to which a mario
tal deduction is authorized should be listed on
Schedule M.(As to certain interests which are
to be excluded from Schedule M,see paragraph
7 hereof.)Property interests which passed from
the decedent to his surviving spouse include
any interest taken by her (a)as decedent's
legatee,devisee,heiror donee,(b)as decedent's
surviving tenant by the entirety or joint tenant,
(c)as appointee under decedent's exercise of
a power or as taker in default upon his release
or nonexercise of a power,or (d)as beneficiary
of insurance upon the deceden,'s life,and also
include (e)her dower (or curtesy)interest or
statutory estate in lieu thereof (including her
interest under community property laws to the
extent that such interest was,immediately prior
to the decedent's death,a mere expectancy).
For further information as to property interests
considered to have passed from the decedent
to his surviving spouse,see paragraphs 3 to 6,
inClusive,hereof.
3.Life estate with power of appointment in
surviving spouse.-A property interest whether
or not in trust,is considered as passing from
the decedent to his surviving spouse (and to
no other person)if (a)she is entitled for life
to all of the income from the entire interest;
(b)such income is payable annually or at more
frequent intervals;(c)she has the power,exer-
cisable in favor of herself or of her estate,to
appoint the entire interest;(d)such power is
exercisable by her alone and (whether exercis-
able by will or during life)is exercisable by her
in all events;and (e)no part of the entire in-
terest is subject to a power in any other person
to appoint any part thereof to any person other
than the surviving spouse.Where the foregoing5conditionsaresatisfiedonlywithrespectto
a specific portion of the entire interest,see the
regulations issued pursuant to section 2056(b)
of the Code for the determination of the portion
thereof which qualifie~for the marital deduction.
4.Life insurance,endowment,or annuity pay'ments,with power of appointment in surviving
spouse.-A property interest consisting of the
entire proceeds under a life insurance,endow-
ment,or annuity contract is considered as hav-
Page 26
ing passed from the decedent to his surviving
spouse,if (a)she is entitled to receive"'such
proceeds in installments,or is entitled to interest
thereon,with all amounts payable during the life
of such spouse payable only to her;(b)such
installment or interest payments are payable
annually,or more frequently,commencing not
later than thirteen months after the decedent's
death;(c)she has the power,exercisable in
favor of herself or of her estate,to appoint all
amounts payable under such contract;(d)such
power is exercisable by her alone and (whether
exercisable by will or during life)is exercisable
by her in all events;and (e)no part of the
amount payable under the contract is subject
to a power in any other person to appoint any
part thereof to any person other than the sur·
viving spouse.Where the foregoing 5·conditions
are satisfied only with respect to a specific por-
tion of such proceeds,see the regulations issued
pursuant to section 2056(b)of the Code for
the determination of the portion thereof which
qualifies for the marital deduction.
5.Common disaster or similarcause.-Where
(a)a property interest was bequeathed,or other-
wise disposed of,by the decedent to his sur-
viving spouse subject to a provision that such
property interest was to pass to another person
(1)if such spouse should fail to survive the
decedent by 6 months (or by a shorter period),
or (2)if the decedent and such spouse should
die as a result of a common disaster,and (b)
the terms of the condition (that is,the survivor·
ship of the surviving spouse or his failure to
die in a common disaster)are fulfilled,then
such property interest is considered to have
passed from the decedentsolely to his surviving
spouse.The fact that the exercise of a power
of appointment over the interest is subject to
one of the above conditions of survivorship will
not disqualify the interest for the deduction if
the terms of the condition (that is,the survivor-
ship of the surviving spouse or his failure to
die in a common disaster)are fulfilled.
6.Effect ofdisclaimer.-Any property interest
disclaimed by the surviving spouse is considered
as passing to the person entitled to receive such
interest as a result of the disclaimer.Where
the su rviving spouse becomes entitled to receive
a property interest as a result of a disclaimer
by any other person,such interest is considered
as passing from the decedent to the surviving
spouse only if (a)the property interest was dis-
claimed by such other person before the date
prescribed for filing the decedent's estate tax
return,and (b)such other person did not accept
such interest before making the disclaimer;
otherwise,the property interest is considered
as passing,not to the surviving spouse,but
to the person who made the disclaimer,in the
same manner as if the disclaimer had not been
made.
7.Property interests to be excluded from
Schedule M.-Certain property interests which
passed from the decedent to his surviving spouse
are to be wholly or partially excluded from
Schedule M,as indicated below:
(a)In case interests in the same property
passed from the decedent both to his surviving
spouse and (for less than an adequate and
full consideration in money or money's worth)
to some other person upon such conditions
that the latter person may possess or enjoy
any part of the P~OP!!rty following the termi-
n'ation 'or failure"ofthe interest therein which
passed to the surviving spouse,then the in-
terest which pass'ed to such spouse is to be
excluded from Schedule M.This rule applies
lJven though the interest which passed from
the decedent to a person other than his sur-
viving spouse is not included'in the gross
estate,and irrespective of when such interest
passed.It is also immaterial whether the in-
terest of the surviving spouse and the interest
of the other person passed from the decedent
at the same time.Property interests which
are considered as having passed from the
decedent to a person other than his surviving
spouse include any property interest (other
than the interest which,under the rules stated
in paragraphs 2 to 6,inclusive,are considered
to have passed to the surviving spouse)which
passed under decedent's will or intestacy,or
was transferred by him during life,or is held
by or devolved upon any person as his joint
tenant,as appointee under his exercise of a
power,as taker in default upon his release or
nonexercise of a power,or as beneficiary of
insurance upon his life.Examples of disposi-
tions of property by the decedent which are
to be excluded from Schedule Mare:(1)A
bequest of property to his spouse for life,
with remainder to his daughter,and (2)a
bequest of property to his mother for life,
with remainder to his spouse,if surviving,and
if not,to his daughter and her heirs.In each
of these examples,the spouse's interest in
the property may terminate or fail,and the
daughter may thereafter possess or enjoy
the property.
(b)In case the decedent directed his ex-
ecutor or trustee to purchase for his surviving
spouse an annuity,a life estate or estate foryearsincertainproperty,or any other prop-erty interest which may terminate or fail,the
property to be used in the acquisition of such
interest is to be excluded from Schedule M.
The ownership of a bond,note,or other con-
tractual obligation,the discharge of which
would not have the effect of an annuity for
life or for a term,is considered not to be
a property interest which may terminate or
fail.
(c)Where any property interest passing
from the decedent to his surviving spouse
may be paid or otherwise satisfied out of
any of a group of assets,the value of such
property interest is,for the purpose of entry
on Schedule M,to be reduced by the aggre-
gate value of any such asset or assets which,
if passing from the decedent to his surviving
spouse,would be excluded under subpara-
graph (a)or (b)hereof.Examples of property
interests which may be paid or otherwise
satisfied out of any of a group of assets are
a bequest of the residue of the decedent's
estate,or of a share of the residue,and a
cash legacy payable out of the general estate.
Example:A decedent bequeathed $100,000
to his -wife.His general estate includes a
term for years (valued at $10,000 in deter-
mining the value of his gross estate)in an
office building,which interest was retained
by the decedent under a deed of the building
by gift to his son.Accordingly,the portion of
the value of the specific bequest to be entered
on Schedule M is $90,000.
(Continued on page 28)
,
I
Fo'rm 706 ~Rev.7-71)
I
I
I ,
I,
I,
Estate 'of:HELEN'~BELING -,:BOLYAlUl,
:".'.,,'t"'!''••
SCHEDULE M-Bequests,etc.,to Surviving Spouse (Marital Deduction)
,..f.~"
Page ,27
(If more space IS needed,Insert addItIonal sheets of same sIze)f;
·'·l
'f:"
~
Ifthe dece'dent died testate,the person or persons filing the return must answer the following questions.Only question lc
need be answered if the decedent died intestate.If the answer to any questio,n is "Yes,"full details must be submitted lD'lder Yes No
this schedule.,'--
18 Has any ,action been instituted to contest the will or any provision thereof affecting any property interest listed or this Xschedule'or for construction of the will or any such provision?..--
Ib According to 'the information and belief of the person or persons filing the return,is any such action designed or Xcontemplated?--
Ic According to the information and belief of such person or persons,has any person otherthan the surviving spouse asserted
(or isa'ny's'u'ch assertion contemplated)a right to any property interest listed on this schedule,other than (15 illdi :ated XunderquestionlaorIb?-.--
2a Had the surviving spouse the right to declare an election between (i)the provisions made in his or her favor by the wi.I and X,(ii)dower,curtesy,or a statutory interest?--
2b)qtie answer ,to question'2a is "Yes,"has the surviving spouse renounced the will and elected to take dower,curtes}.,or a Xstatutoryinterest?
X---
2c Elected to take under the will?
2d Does the surviving spouse contemplate renouncing the will and electing to take dower,curtesy,or a statutory interest·A
Item Description of property interests passing to surviving spouse Value'nuniber
I
1 Sch.B (Alternate Value)$43,408.21 $-
2 ~ch.E 55,478.69
,,
3 ~ch.F 262.85
99,149.75 I
..LESS:'.'."",,...'.....
$5,213.38·Sch.J (A &B)
--
Sch.K 1,966.00 7,179.38 91,970.37
,,
"', I,'
I',
'".
"',,',
.,"
'.
",M
.-a,.
.~',-
':.~")~1,970.37Totar'..'..-"~---_._-------------
Less:(a)Federal estate tax payable out of above-listed property interests :I $------------~----_..-
(b)Other death taxes payable out of above-listed property interests
jC.·'.f'NoneTotal~of items (a)and (b).
\'~l,970.':,7Net.va:lu'e of above-listed property interests (Also enter under the Recapitulation,page 3.)...
, ,
~.
,'.
"
"i \I A\',jl ,
,12"Proceeds of GibraltarLife Insurance
,,',Company'policy No.104729,
payable in one sum to surviving
spouse (Schedule D,item 3).$20,000
3 Cash bequest under Paragraph Six
of will.. . . . . . . .100,000
9.Adjustment for effect of death taxes.-The
total of the values listed on Schedule M must
be reduced by the amount of the Federal estate
tax,and the amount of State or other death
taxes,which are payable out of,or chargeable
against the property interests involved.(As to
the computation of such amounts in cases in
which the Federal estate tax and the marital
deduction are interrelated see Supplemental In·
structions for Form 706 obtainable from the
district director.)Such amounts of taxes should
be entered in the designated spaces (items (a)
and (b»at the foot of Schedule M.Item (b)
must be supported by an identification and com·
putation of the amount of State or other death
taxes therein shown.
10.Supplemental documents.-If property
interests passing by the decedent's will are listed
on Schedule M,a certified copy of the order ad·
mitting the will to probate must be submitted
with the return.If,at the time the return is filed,
the court of probate jurisdiction has entered any
decree interpreting the will or any provision
thereof affecting any of the interests listed on
Schedule M,or has entered any order of dis-
tribution,a copy thereof should also be sub·
mitted with the return.If the surviving spouse
has filed with the court a renunciation of the
decedent's will,or an election to take under ~he
will,or a disclaimer of any property interest,
a copy thereof is required.Additional evidence
to support the deduction claimed may be reo
quested by the district director.
Value
$32,500
Description
House and lot,256 South West
Street,held by decedent and
surviving spouse as joint tenants
with right of survivorship under
deed dated July 15,1937
(Schedule E,item 1).. . .
putation showing how the value of such item
was determined.Such computation should'in·
c1ude a statement showing:
(a)The value of all property which is in·
c1uded in the decedent's gross estate (Sched·
ules A to I)but does not pass under the will,
such as transfers,jointly owned property
which passed to the survivor on decedent's
death,and the insurance payable to specific
beneficiaries.
(b)The values of all specific and general
legacies or devises,with an appropriate refer-
ence in each instance to the applicable clause
or paragraph of the decedent's will or codicil.
(In any case where legacies are made to each
member of a class,for example,$1,000 to
each of decedent's employees,only the num·
ber of each such class and the aggregate value
of property received by them need be
furnished.)
(c)The dates of birth and sex of all per-
sons,the duration of whose lives may affect
the value of the residuary interest passing to
the surviving spouse.
(d)Any other information that may appear
material,such as that relating to any claim,
not arising under the will,to any part of
the estate.
Example of listing of property interests on
Schedule M:
Item
No.
1
,Instructions for Schedule M-Continued
(d)Property interests are to be excluded
from Schedule M to the extent that a deduc·
tion therefor is taken under Schedules J to
L,inclusive.Examples of interests to be
so excluded are fees or commissions deducti·
ble under Schedule J and payments made in
satisfaction of a claim of the surviving spouse
against the estate deductible under Sched·
ule K.
(e)Where a property interest passed to the
surviving spouse subject to a mortgage or
other encumbrance,or where an obligation
is imposed upon the surviving spouse in con·
nection with the passing of a property interest
only the net value of the interest after reo
duction by the amount of the mortgage,or
other encumbrance,or obligation,should be
included in Schedule M.
8.Listing of property interests on Schedule
M.-Give a full description of each property
interest listed on Schedule M,and number of
the items in sequence.Indicate the instrument
(including clause or paragraph number if the
instrument is so drawn)or provision of law
under which each item passed to the surviving
spouse.Where possible,the schedule and item
number of the property interest as it appears
in Schedules A to I should be shown.Show
the value of each item before taking into ac-
count the effect thereon of the Federal estate
tax or any other death tax.(See paragraph 9
hereof and the supplemental instructions in
a separate pamphlet (Supplemental Instructions
for Form 706)obtainable from the district di·
rector.)The valuation date or dates used in
determining the value of the gross estate are
also applicable with respect to the interests
listed on Schedule M.If there is included in
Schedule M a bequest of the residue,or a por·
tion of the residue,of the decedent's estate,
there should be submitted a copy of the com·
Instructions for Schedule N.-Charitable,Public,and Similar Gifts and Bequests
Deductions authorized for charitable,public,
and similar gifts and bequests as set forth in
the Estate Tax Regulations should be claimed
under this schedule.If the transfer was made
by will,a certified copy of the order admitting
the will to probate,in addition to the copy of
the will,should be submitted with the return.
If the transfer was made by any other written
instrument a copy thereof should be submitted
with the return,and if the instrument is of
record the copy should be certified and if not
of record the copy should be verified.
If under the terms of the will or the law of
the jurisdiction wherein the estate is adminis·
tered or the law of the jurisdiction imposing
the particular tax,the Federal estate tax or
any other estate,succession,legacy,or inherit-
ance tax is payable in whole or in part out
of any bequest,legacy,or devise deductible
hereunder,the sum deductible is the amount
of such bequest,legacy,or devise so reduced.
If claim is made under this schedule for de·
duction of the value of the residue,or a portion
of the residue,passing to charity under the
decedent's will,there should be submitted a
copy of the computation showing how the value
was determined.Such computation,or support-
ing documents,should include:
(1)A statement showing the values of all
specific and general legacies or devises,in-
dicating whether they are for charitable or
noncharitable uses,with an appropriate refer·
ence in each instance to the applicable para·
graph or section of the decedent's will or,
codicil (in any case where legacies are made
to each member of a class,for example,
$1,000 to each of decedent's employees,'
only the number of each such class and the
aggregate value of property received by them
need be furnished).
(2)The dates of birth and sex of all life
tenants or annuitants,the duration of whose
lives may affect the value of the interest
passing to charity under the decedents'will,
(3)A statement showing the value of all
property which is included in the decedent's
gross estate but does not'pass under the
will,such as transfers,jointly owned property
which passed to the survivor on decedent's
death,and insurance payable to specific bene-
ficiaries,and
(4)Any other information that may appear
material,such as that relating to any claim,
not arising under the will,to any part of the
estate,as of a spouse claiming dower,or
curtesy,or similar rights,etc.
If a deduction is claimed under section 2055
(e)for the value of a split·interest passing to
charity,there should be submitted a copy of
the computation showing how the value was
determined,including the dates of birth and
sex for the life tenants or annuitants the dura·
tion of whose lives will affect the value of the
interest passing to charity,and in the case of a
pooled income fund the applicable yearly rate
of return.
Deductions authorized for charitable,publiC,
and similar gifts and bequests,which may be
claimed under this schedule,include the interest
which falls into any such bequest,legacy,de·
vise,or transfer as a result of an irrevocable
disclaimer of a bequest,legacy,devise,transfer,
or power,if the disclaimer is made prior to the
date prescribed for the filing of the estate tax
return.The disclaimer must not only be made
prior to the date prescribed for the filing of the
estate tax return (including such date as may
I:e prescribed in an extension of time granted
for the filing of such return),but must be ir-
revocable at the time the deduction is allowed.
For further details and for events having the
effect of a disclaimer,see the regulations under
section 2055 of the Code.
If the alternate valuation is adopted, any
bequest,legacy,devise,or transfer deductible
under this schedule shall be valued for the pu"
p:Jse of the deduction as of the date of the
decedent's death,with adjustment for any differ·
ence in the value of the property 6 months after
h;s death,or at the date of its sale;or exchange
within such 6 months,except that no such ac'·
justment may take into account any difference
in value due to mere lapse of time or to the
occurrence or nonoccurrence of a contingency.
For further instructions,see Estate Tax
Regulations.
Page 28
r~
II
I ,.Form 70~(Rev,7-71)
Estate of:.HEL2N f=BE~lNG BOLYARD
SCHEDULE N-Charitable,Public,and Similar Gifts and Bequests
Ifthe transfer was made by will-•
(a)Has any action been instituted to hcve interpreted or to contest the will or any provision thereof affecting the charita·bil.e
deductions claimed in this schedul~?•
If "Yes,"full details must be submitted underthis schedule.
(b)According to the information and belief of the person or persons filing the return,is any such action desigred :>r
contemplated?
If "Yes,"full details must be submitted under this schedule.
Yes No
x
x
.'
:I
I:
Itemnumber
1 NONE
Name and address of beneficial}'Character of institution Amount
$
I
iTotal1.iLess::(a)Federal estate tax payable out of above-listed property interests
.L(b)Other death taxes payable out of above-11isted property interests
·1
\
Total \of items (a)and (b)
\Ne~va1lue of above-listed property interests (Also enter under the Recapitulation,page 3.)
I $-------------------
NONE$._---------------_.
NONE~.
\..\''\"'..t.
.\:
\
(If more space is needed.insert additional she·ets ofsame size)Page :29
Instructions for the Recapitulation
(b)The value of property (included in
the gross estate)transferred by the 'decedent}
during his life,if at the time of.such transfer
the property was held by them as "community
property."
(c)The amount (included in the gross
estate)receivable as insurance under policies
upon the life of the decedent ·to the extent
purchased with premiums or other considera-
tion paid out of property held by them as
"community property."(Where a policy was
purchased partly with property held by them
as "community property"and partly with
other property,the amount receivable undersuchpolicyisconsideredtohavebeenpur-
chased with such "community property"in
the proportion that the payments made with
such "community property"bear to the total
amount paid.)
(d)An amount which bears the same ratio
to item 8 of the Recapitulation as the "Total
Gross Estate"(diminished by the aggregate
amounts subtracted under sUbparagraphs (a),
(b),and (c)hereof)bears to the undiminished
"Total Gross Estate."
Example:The value of a decedent's gross
estate is $300,000 of which $200,000 repr!!-
sents his separate property and $100,000 repre-
sents his one-half interest in community prop-
erty.The separate property was inherited from
his father.The deductions allowed under Sched-
I;lles J to L (item 8 of the Recapitulation)total
$45,000.The "Adjusted gross estate"is com-
puted as follows:
Value of gross estate . . . . . .$300,000
Reduction under subparagraph
(a). . . . . . . .$100,000
Reduction under subparagraph
(d)(200,000/300,000 of
$45,000). . . .30,000 130.000
1.limitation of deductions under Schedules
J and K.-The total appearing on Schedule J
should be entered as item 1 of that part of
the Recapitulation headed "Deductions."The
totals appearing on Schedule K should be
entered as items 2 and 3.Enter total of items
I,2,and 3 as item 4.If item 4 does not exceed
the value (at the time of the decedent's death)
of the property subject to claims,enter such
total as item 5.If item 4 does exceed the value
(at the time of the decedent's death)of the
property subject to claims,enter as item 5
the value (at the time of the decedent's death)
of the property subject to claims plus such
excess as represents amounts paid before the
date prescribed for filing the estate tax return.
See section 2053 of the Code and the regulation
thereunder.
2.Computation of marital deduction.-The
net value of the property interests listed on
Schedule M should be carried forward to item 9
of that part of the Recapitulation headed "De-
ductions."The marital deduction,which should
be entered at item 11,is limited to the smaller
of (a)item 9 or (b)one-half of the "Adjusted
gross estate"(item 10).If the decedent and
his surviving spouse never held property under
community property laws,the "Adjusted gross
estate"is computed by subtracting item 8 from
the total value of the gross estate.
3.Cases involving community property.-If
the decedent and his surviving spouse ever held
property as "community property"(as defined
in paragraph 4),an additional sheet must be
attached to the Recapitulation showing the com-
putation of the "Adjusted gross estate"(item10).In 'such cases the "Adjusted gross estate"
is determined by subtracting from the "Total
Gross Estate"the sum of the following values
and amounts:
(a)The value of property included in the
gross estate which was at the time of the
death of the decedent held by them as "com·
munity property."Adjusted gross estate $170,000
,,4.Definition of.community property.-For
.the purpose of computing the "Adjusted gross
estate,"the term "community property"is con-
sidered to include the following categories of
property:
(a)Property held by the decedent and sur-
viving spouse as community property under
the law of any State or possession of the
United States,or any foreign country (other
than such property in which the surviving
spouse had merely an expectant interest)..
(b)Separate property acquired by the de·cedent as a result of a conversion (after De·
cember 31,1941)of property held by the
decedent and surviving spouse as community
property (as described in subparagraph (a)
hereof)into their separate property.A con-
version of community property includes a
partition thereof between the decedent and
his spouse or a transfer to themselves in
joint tenancy,tenancy by the entirety,or
other form,of co-ownership,irrespective of
whether such partition or transfer was ef-
fected by a single transaction or a series of
transactions.Where the value (at the time
of the conversion)of the separate property
so acquired by the decedent exceeded the
value (at such time)of the separate property
so acquired by the spouse,then the part oftheseparatepropertysoacquiredbythedecedentwhichisconsideredasheldbythe
decedent and his surviving spouse as com-
munity property is the same proportion there·
of which the value (at the time of the con-
version)of the separate property so acquitred
by the spouse is of the value (at such time)
of the separate property so acquired by the
decedent.
(c)Property acquired by the decedent in
exchange (by one exchange or a series of
exchanges)for separate property result~ng
from a conversion of community property,
as described in subparagraph (b)hereof.
Instructions for Schedule a.-Credit for Tax on Prior Transfers
1.General.-The term "transferee"as used
in Schedule 0 and in these instructions for
the schedule means the decedent for whose
estate this return is filed.If the transferee re-
ceived property from a transferor who died with-
in 10 years before,or 2 years after,the trans-
feree,a credit is allowable on this return for
all or a part of the Federal estate tax paid by
the transferor's estate with respect to the trans-
fer.There is no requirement that the property
be identified in the estate of the transferee or
that it be in existence on the date of the trans-
feree's death.It is sufficient for the allowance
of the credit that the transfer of the property
was subjected to Federal estate tax in the
estate of the transferor and that the specified
period of time has not elapsed.Credit may be
allowed with respect to property received astheresultoftheexerciseornonexerciseofa
power of appointment when the property is in-
cluded in the gross estate of the donee of
the power.Where the transferee was the trans-
feror's surviving spouse,no credit is allowed
with respect to property received from the trans-
feror to the extent that a marital deduction was
allowed the transferor's estate in connection
therewith.No credit on this return is author·
ized for Federal gift taxes paid in connec-
tion with the transfer of the property to
Page 30
the transferee.If credit for tax on prior trans-
fers is claimed on Form 706NA,the ex-
ecutor should first complete and attach the
Recapitulation from Form 706 before computing
the credit on Schedule 0 from Form 706;no
marital deduction is authorized unless the de·
cedent was domiciled in France at the time of
his death.
2.Property.-The term "property"includesanyinterest(legal or equitable)of which the
transferee received the beneficial ownership.The
transferee is considered to be the beneficial
owner of property over which he received a
general power of appointment.It does not in-
clude interests to which the transferee received
only a bare legal title,such as that of a trustee.
Neither does it include an interest in property
over which the transferee received a power which
is not a general power of appointment.In addi-
tion to property interests in which the trans·
feree received the complete ownership,examples
of property interests with respect to which the
credit may be allowed include annuities,life
estates,terms for years,remainder interests
(whether contingent or vested),and any other
interest which is less than the complete owner-
ship of the property,to the extent that the
transferee became the beneficial owner of the
interest..
3.Maximum amount of the credit.-The
maximum amount of the credit is the smaller
of:
(a)the amount of the estate tax of the
transferor's estate pertaining to the transfer,
or
.(b)the amount by which (A)an estate
tax on the transferee's estate,determined
without regard to the credit provided for in
this schedule exceeds (B)an estate .tax on
the transferee's estate determined by exclud-
j'ng from the gross estate the net value of
the transfer.Where credit for a particular
foreign death tax may be taken under either
the statute or a death duty convention and
on this return the credit actually is taken
under the convention,then no credit for thatforeigndeathtaxmaybetakenintocon-sideration in computing estate tax "(A)",or
estate tax "(B)."
The amount (a)is computed under part I of
the computation of the credit.
The amount (b)is computed under part IIofthecomputationofthecredit.
(Continued on page 32)
-l
....
,'Form 706'(Rev.7-71)
Estate of:
Name of transferor
HELEN EBELING BOLYARDI' '
SCHEDULE O-Credit for Tax on Prior Transfers
I Date of tran;fer,)r's death
.'
Transferor's residence at time of death
.'.,.-.~
Computation of the Credit
PART 1-Transferor's Tax on Prior Transfers
.~Net ,Value of :transfers:'.,'.~,, ,•
2 Value of transferor's estate (adjusted n accordance with instructions for item 2)
3 Tax on transfer9r's estate ,(adjusted in'a,cco'r9a'nce with instructions 'or item 3)
4 Tran'sfer~r;s'ta~'o'n prio~tr~n~fers (proportion of item 3 which item 1 bears to item 2)
,.
$
$
$
$
,.....\
,
"I
.'I I \l \.',,IPARTII.:....,;,Transferee's'Tax on Prior Transfers
5 Transferee's tax computed without regard to credit allowed under th,s schedule
,6 Tran'sfer'ee;'s teduced gross estate'.",. "
7 Transferee's ~<;leductions (adjusted in 2ccordance with instructions for item 7)
8 Transferee's reduced taxable estate (i:em 6 minus item 7)
9 Tax o~,requce~I ~axa~l,e,~state ",.
10 Trans1~ree"s'tax on prior transfers (ite,n 5 minus item 9)
$
$
$-----.----r--_.-'-------
• I
$
PART III-Credit Allowable
11 Maximum amount before application of percentage requirement (iterr 4 or item 10,whic:hever is smaller)
12 Pe'rcent allowab.le is .
13 Credit allowable (item 12 x item 11)
SCHEDULE P-Credit for Foreign Death Taxes
t,-.
List all foreign countries to which d~ath taxes have been paid and "or which credit is claimed on this return.
$
~d%~~:
$NONE
If credit is claimed for death taxes paid to more than one foreign country,compute the credit for taxes paid to CJle country or,
this sheet and attach a separate copy of Schedule P for each of the othe'countries.
The credit computed on this sheet is br .... _
(Name of d'eath tax or taxes)
_______________________________________________________...imposed in ,
(Name of country)
Credit is computed under the .__..
(lrser!"treaty"or "statute")
Computation of the Credit
(All amounts an·:I values shown hereunder must be entered in United States money)
1 Amount of estate,inheritance,legacy and succession taxes imposed in the above country attributable to property
situated in that country,and subjected to such taxes,and included in U e gross estate (as defined by statute)
2 Value of the gross estate (adjusted,if lecessary,in accordance with irstructions for item 2)
·1
3 Value of 'property situated in that country,and subjected to death taxES imposed in that country,and included in
the grosslestate (adjusted,if necessary,in accordance with instructions for item 3). . • . . • . • •~4 Federal e~tate tax before allowance 0,credit for foreign death taxes
5 Amount of'Federal estate tax attributatIe to property specified at item 3 (proportion of item 4 that item 3 bears to
item 2)0,
,?-6 Credit for death taxes Imposed In the above country (Item 1 or Item :l,whichever IS the smaller)
,.~
.~,
"1
$-----._.---------------$-----------------------
,$J-$-------------------.
------------------------
Page 31
Instructions for Schedule O-Continued
4.Percent allowable.-(a)Where transferee
predeceased the transferor.If not more than
2 years elapsed between the dates of death
the credit allowed is 100 percent of the maxi:
mum amount.If more than 2 years elapsed
between the dates of death,no credit is allowed.
(b)Where transferor predeceased the trans-
feree.The percent of the maximum amount
which is allowed as a credit depends on the
number of years which elapsed between the
dates of death.It is determined in accordance
with the following table:
Period of time Percent
Exceeding Not Exceeding Allowable
2 years 100
2 years 4 years 80
4 years 6 years 60
6 years 8 years 40
8 years 10 years 20
10 years none
5.Computation of the credit.-The instruc-
tions which follow are to be applied where credit
is claimed for transfers received from one trans-
feror only.See instructions under "Cases involv-
ing transfers from two or more transferors"for
the manner of computing the credit in cases
involving transfers from more than one
transferor.
Part I
Item 1.Enter the value at which the property
transferred was included in the transferor's gross
estate reduced by the following,to the extent
that they affect the net value thereof to the
transferee,(i)the amount of any death taxes
payable out of or chargeable against the trans-
ferred property,(ii)the amount of any mortgage
or other encumbrance to which it was subject,
(iii)the amount of any obligation assumed by
the transferee in connection with the transfer,
and (iv)if the transferee was the transferor's
surviving spouse,by the amount of the marital
deduction allowed the transferor's estate in com-
puting its Federal estate tax.
Example.Subject to the condition that B
would pay $10,000 to C,A left to B,his sur-
viving spouse,real property and bonds which
were included in A's 'gross estate at values
of $200,000 and $75,000,respectively.The
real property was subject to a mortgage of
$50,000.B was required to bear the burden
of A's Federal estate tax to the extent of $4,800andtopayStatedeathtaxesof$4,000.A's
estate was allowed a marital deduction of $150,-
000 for the property which passed to B.The
amount entered in item 1 is $275,000-$218,800
($10,000+$50,000+$150,000+$4,800+
$4,000)=$56,200.
Item 2.Enter the value of the transferor's
taxable (net)estate,increased by the applicable
exemption shown on Form 706 (or Form 706NA
if it is being filed)and decreased by the total
amount of all death taxes paid in connection withthetransferofpropertyincludedinthetrans-
feror's gross estate.
Example.The transferor was a citizen of the
United States.His taxable estate was $250,000.
The Federal estate tax paid thereon was $61,780.
State death taxes paid by the executor and
the beneficiaries totaled $15,000.The amount
entered in item 2 is $250,000+$60,000-$61,-
780-$15,000=$233,220.
Page 32
Item 3.Enter the amount of the Federal es-
tate tax paid by the transferor's estate,increased
by the amounts allowed the transferor's estate
as (i)a credit for gift taxes,and (il)a credit
for tax on prior transfers received from a
prior transferor who died during the 10-year
period which immediately preceded the dece·
dent's death.
Item 4.Enter that proportion of item 3 which
item 1 bears to item 2.
Part II
Item 5.Enter the amount of the Federal
estate tax,after deducting the credits,if any,
allowable for State death taxes,gift taxes and
foreign death taxes under the statute.'The
amount to be entered is the amount by which
the gross estate tax (Form 706,item 6,page 1,
or Form 706NA,item 1,page 1)exceeds the
sum of the following:The credit for State death
taxes (Form 706,item 7,page 1,or Form
706NA,item 2,page I,the credit for Federal
gift taxes (Form 706,item 9,page I,or Form
706NA,item 4,page 1)and so much of the
credit for foreign death taxes (Form 706,item
11,page 1),as is allowable under the statute.
Item 6.Enter the value of the total gross
estate less the amount entered at item 1.
Item 7.The amount to be entered at item 7
is the aggregate of the exemption and the de-
ductions entered in the Recapitulation,with the
following adjustments,if applicable:(1)Any
marital deduction entered at line 11 of the
Recapitulation should here be reduced by the
amount,if any,by which such deduction exceeds
one-half of a reduced adjusted gross estate
computed by subtracting the amount of item I,
Schedule 0,from the amount of the adjusted
gross estate entered at line 10 of the Recapitu-
lation;and (2)any charitable deduction entered
at line 12 of the Recapitulation,should here
be reduced by a proportionate part thereof.Suchproportionatepartofthedeductiontakenon
line 12 of the Recapitulation is that portion
thereof which an amount A (the amount entered
at item 1 of Schedule 0)bears to B (the value
of the total gross estate less the amount shown
on line 8 of the Recapitulation).
Example.The following entries appear on the
Recapitulation:Total gross estate-$330,000;
line 8-$30,000;line 9-$160,000;line 10-
$300,000;line 11-$150,000;and line 12-
$10,000.The amount appearing in item 1 of
Schedule 0 is $15,000.Under these circum-
stances if the property entered under item 1
of Schedule 0 were not included in the grossestate,the gross estate would be $315,000,the
adjusted gross estate would be $285,000,and
the marital deduction would be $142,500.The
reduction to be made on account of the charita-
ble deduction is:
$15,000
$500 ($330,000-$30,000 X$10,OOO).
Item 8.Enter item 6 minus item 7.
Item 9.Enter the amount of the Federal es-
tate tax on reduced taxable estate (item 8),
after deducting the credits,if any,which would
be allowable for State death taxes,gift taxes,
and foreign death taxes under the statute,if
the gross estate were the amount of item 6
and the deductions were those used in deter-
mining the amount of item 7.
Item 10.Enter item 5 minus item 9.
Part III
Item 11.Enter item 4 or item 10,whichever
is the smaller.
Item 12.Enter the percent of the maximum
amount which is allowable.See "Percent a.low-
able"above.
Item 13.Enter the amount obtained from
multiplying item 11 by item 12.
6.Cases involving transfers from two or
more transferors.-Where transfers were re-
ceived from more than one transferor the credit
is computed in a manner slightly different from
that outlined above.The name,date of death,
and address of one transferor are entered on
the Schedule 0 provided in the return and the
computation with respect to transfers from that
transferor is completed through part I.Thesameoperationiscompletedonaseparatecopy
of Schedule 0 for each of the other transferors.
The computation in part II is performed only
once,regardless of the number of transferors.
The entries for part II should be made on the
copy of Schedule 0 provided in the return.The
amount entered in item 6 is the total gross
estate less the total of the amounts entered in
items 1 of the computations made for all trans-f~rors.The amount entere~in item 10 is appor-
tioned to each transferor In the proportion that
the.amount e.ntered in item 1 of the compu-
tation made In connection with his transfers
bears to the total of the amounts entered in
item 1 of all of the computations.Part III is
computed separately for each transferor.Enter
in item 11 the amount shown in item 4 or the
amount from item 10 which is apportioned to
thattransferor,whichever is thesmaller,and thencompletethecomputation.The total amount of
the credit allowable is the total of the amounts
entered in items 13 of all the computations.The
additional copies of Schedule 0 on which com-
putations are made should be attached to the
Schedule 0 provided in the return.
Example.C received property from A having
a net value of $100,000 and property from B
having a net value of $50,000.A's name,date
of death,and address are entered on the Sched-
ule 0 provided in the return and the compJta-
tion through part I is completed with respect
to the transfer from A.On an additional copy of
Schedule 0 (detached from an unused copy of
the return form)similar identifying data for
B is entered,and the computation completed
through part I.The computation of part II is
made only on the Schedule 0 used for the com-
putation of the credit on A's transfers.Except
for item 6,it is made as though only one trans·
feror were involved.The amount entered in item
6 is the decedent's total gross estate minus
$150,000 ($100,000 from A piUS $50,000 from
B).If,for instance,the amount entered at item
10 is $27,000,that amount would be appor-
tioned to A's transfers as follows:
$100,000$100,000+$50,000 X$27,OOO=$18,000.
Similarly $9,000 is apportioned to B's trans-
fers.The amount entered in item 11 of the
Schedule 0 used for A's transfer is the amount
shown in item 4 or the $18,000,whichever is
the smaller.Part III of the computation of the
credit for tax paid by B's estate is completed
in a similar manner.
,Instructions for Schedule P.-Credit for Foreign Death Taxes
Credit claimed under a treaty is in general
computed on Schedule P in the same man ner
as credit is computed under the Statute with
tine following principal exceptions:(1)The situs
rules contained in the treaty apply in deter-
mining whether property was situated in the
foreign country;(2)credit may be allowed only
for payment of the death tax or taxes specified
in the treaty (but see Instruction 1 above rela-
tive to credit under the Statute for death ta~es
paid to each political subdivision or possession
of the treaty country which are not directly or
indirectly creditable under the treaty);(3)where
specifically provided,credit is proportionately
shared for the tax applicable to property situ-
ated outside both countries,or was deemed in
some instances situated within both countries;
and (4)the amount entered at item 4 of Sched-ule f'is the amount snown at line 8 in "Compu-
tation of Tax"on page 1 less the total of the
amounts shown at lines 9 and 10 on that page.
Credit for payment of the foreign death taxes
provided for in the treaties with Australia,
Canada,the United Kingdom,Ireland,and theRepublicofSouthAfricamustbeclaimedwithin
6 years from the date ofthe decedent's death (or
within such further period as is provided in the
C,3se of postponement of tax attributable to a
reversionary interest).Credit for payment of theforeigndeathtaxesprovidedforinthetreaties
with Norway and Finland must be claimed within
6 years from the date of the decedent's death.
Credit for payment of the foreign death taxes
provided for in the treaties with France,the
Netherlands.and Switzerland must be claimed
within 5 years from the date of the decedent's
death.Credit for payment of the foreign death
tax provided for in the treaty with Greece must
be claimed within 5 years from date return is
required.Credit for payment of the foreign death
tax in the treaty with Japan must be claimed
within 5 years from due date of tax.For examples
of computation of credits under the treaties,see
applicable regulations.
(Continued on page 34)
1.General.-Credit for foreign death taxes is
allowable only in case the decedent was a citi-
zen or resident of the United States.However,
see section 2053(d)of the Code and the r~g
ulations thereunder for exceptions and limita-
tions if an executor has elected,in certain cases,
to deduct such taxes from the value of the gross
estate.In the case of a resident,not a citizen,
who was a citizen or subject of a foreign country
for which the President has issued a proclama-
tion under section 2014(h)of the Code,the
credit is allowable only if the country of which
the decedent was a national allows a similar
credit to decedents who were citizens of the
United States resident in that country.Credit is
authorized (a)by statute or (b)by treat¥.Where
credit is authorized by a treaty,there IS allow-
able whichever one of the following three is the
most beneficial to the estate:(1)The credit
computed under the treaty;(2)the credit com-
puted under the Statute;or (3)the credit com-
puted under the treaty,plus the credit computed
under the Statute for death taxes paid to each
political subdivision or.possessi~n .of the trea~y
country which are not directly or indirectly credit-
able under the treaty.Under the Statut.e credit is
authorized for all death taxes (national and
local)imposed in the foreign country.Whether
local taxes are the basis for a credit under a
treaty depends upon the provisions of the.pa.r-
ticular treaty.If credit for death taxes paid In
more than one foreign country is allowable,a
separate computation of the credit must be
made with respect to each foreign country.The
copies of Schedule P on which the additional
computations are made should be inserted im-
mediately following the copy of Schedule P pro-
vided in the return.The total amount of the
credit allowable in respect of any property,
whether subjected to tax by one or more than
one foreign country,is limited to the amount of
the estate tax attributable to such property.The
anticipated amount of the credit may be com-
puted on the return,but the credit cannot finally
be allowed until the foreign tax has been paid
and a certificate on Form 706CE evidencing pay-
ment thereof is furnished.Section 2014(g)of
the Code provides that for purposes of credits
for foreign death taxes,each possession of the
United States shall be deemed a foreign coun-
try.If credit is claimed for any foreign death tax
which is subsequently recovered,see section
20.2016-1 of the regulations for the notice
required within 30 days.
2.Credit under the Statute.-In the case of
a citizen or resident ofthe United States,a credit
is authorized for any estate,inheritance,legacy,
or succession taxes paid to a foreign country
or its possessions or political subdivisions in
respect of property situated in that country and
included in the gross estate (Schedules A to I,
inclusive,of this return).In the case of a resi-
dent of the United States but not a citizen who
was a citizen or subject of a foreign country for
which the President has issued a proclamation
under section 2014(h)of the Code,the Statute
allows no credit unless the country of which he
was a citizen or subject,in imposing such taxes,
allows a similar credit in the case of a United
States citizen resident in such country.For the
purpose of the credit allowed by the Statute,
the question of whether particular property is
situated in the foreign country imposing the tax
is determined in accordance with the same
principles that would be applied in determining
whether similar property of a nonresident not a
citizen of the United States is situated within
the United States for the purpose of the Federal
estate tax.See instructions for Form 706NA.
Applying such principles,a bond is deemed situ-
ated in the foreign country imposing the tax if
it is the obligation of that foreign government,
foreign person,or foreign organization.A share
of corporate stock is regarded as situated in the
foreign country imposing the tax only if the issu-
ing corporation is incorporated in that country.
For estates of decedents dying before January I,
1976,an account with a bank in a foreign
country of a citizen or resident of the United
States which is not effectively connected with
the conduct of a trade or business in that for-
eign country is not considered to be situated
in that country.
3.Computation of credit under the Statute.-
Item 1.Enter the amount of the estate,inherit-
ance,legacy,and succession taxes paid to the
foreign country and its possessions or political
subdivisions,attributable to property which (a)
is situated in that country,(b)is subjected to
such taxes,and (c)is included in the gross
estate.The amount entered at item 1 should not
include any tax paid to the foreign country with
respect to property not situated in that country
and should not include any tax paid to the for-
eign country with respect to property not in-
cluded in the gross estate.If only a part of the
property subjected to such foreign taxes is both
situated in the foreign country and included in
the gross estate,it wiII be necessary to deter-
mine the portion of the taxes which is attribut-
able to such part of the property.In such a
case,an additional sheet showing the computa-
tion of the amount entered at item 1 must be
attached.
Item 2.Enter the value of the gross estate
less the total of the deductions shown on lines
11 and 12 of the Recapitulation.
Item 3.Enter the value of the property situ-
ated in the foreign country which is subjected to
the foreign taxes and included in the gross
estate,less those portions of the deductions
taken on Schedules M and N which are attribut-
able to such property.
Item 4.Subtract the amount shown at line 9
in "Computation of Tax"on page 1 from the
amount shown at line 8 on that page and enter
the resuIt at item 4.
Item 5.Enter that portion of item 4 which
item 3 bears to item 2.
Item 6.Enter item 1 or item 5,whichever is
smaller.
4.Credit under treaties.-(a)In general.-
Where the provisions of a treaty apply to the
estate of a citizen or resident of the United
States,a credit is authorized for payment made
of the foreign death tax or taxes specified in the
treaty.The circumstances under which the pro·
visions of a treaty apply to an estate are set
forth in General Instruction P.The foreign death
taxes specified in the treaties are as follows:
Country
Australia
Canada.
Finland.
France
Greece
Ireland
Italy.
Japan
N~therlands
Norway.
SI'Iitzerland
R~public of South Africa
United Kingdom .
Death Tax
Common'Health estate duty
Canadian estate tax
Finnish inheritance tax,
the communal tax on
inheritances,bequests
and devises,and the
"poors percentage"
French inheritance tax
Greek inheritance tax
Irish estate duty
Italian estate and inherit-
ance taxes
Japanese inheritance tax
Netherlands succession
duty and transfer duty
Norwegian tax on inherit-
ances,including death
gifts
Estate and inheritance
taxes imposed by the
cantons and their politi-
cal subdivisions
Union estate duty
Great Britain and Northern
Ireland estate duties
(,
Page 33
In,structions for Schedule P-Continued
(b)Computation of credit in cases )Nhere
property iis situated outside both coun.tnes or
deemed situated within both countnes.-In
such cases consult the appropriate treaty for
details.
5.Example of computation of credit under the
Statute.-The decedent was a citizen of,and
domiciled in,the United States at the time of his
death.The gross estate consisted of real prop·
erty in M country valued at $60,000;stocks of
United States corporations,$90,000;bonds of
corporations organized under the laws of M
country,$45,000;and stocks of corporations
organized under the laws of M country,$75,000.
On the date of death,all of the stock and bond
certificates were in a bank vault in the United
States.Debts and administration expenses total
$20,000.The M country real property valued at
$60,000 and $10,000 of the stocks of M coun·
try corporations passed to the decedent's sur·
viving spouse and the latter items qualified for
and were allowed as a marital deduction.The
amount of the gross Federal estate tax less credit
for State inheritance taxes is $25,820.The
amount of the M country inheritance tax im·
posed on the widow's inheritance of $70,000
is $21,000.The value of the daughter's inherit·
ance is $65,000,consisting entirely of stocks of
M country corporation.The amount of the M
country inheritance tax imposed on the daugh·
ter's inheritance is $19,500.M country did not
impose inheritance tax on the bonds issued by
the M country corporations.
Schedule Sis filled out as follows:
1.Amount of estate,inheritance,
legacy and succession taxes
imposed in the above coun·
try attributable to property
situated in that country,
and subjected to such taxes,
and included in the gross
estate (as defined,by
statute)..$40,500.00
2.Value of the gross estate
(adjusted).'"$200,000.00
3.Value of property situated in
that country,and subjected
to death taxes imposed in
that country,and included
in the gross estate (ad·
justed). . . . . . .$65,000.00
4.Federal estate tax before
allowance of credit for for·
eign death taxes.. . .$25,820.00
5.Amount of Federal estate tax
attributable to property
specified at item 3 (propor·
tion of item 4 that item 3
bears to item 2).. . .$8,3'31.50
6.Cledit for death taxes imposed
in the above country (item
1 or item 5,whichever is
the smaller). . . . .$8,391.50
Credit for State Death Taxes and Federal Gift Taxes
State Death Taxes
Credit is allowed for estate,inheritance,
legacy,or succession taxes paid as the res.ult .of
the decedent's death to any State,or the District
of Columbia.However,see section 2053(d)of
the Code and the regulations thereunder for
exceptions and limitations if an executor has
elected,in certain cases,to deduct such taxesfromthevalueofthegrossestate.The credit
cannot exceed an amount which is computed by
means of Table B based on the value of the
taxable estate shown in "Computation of Tax"
on Form 706 or Form 706NA,as the case may
be.An anticipated amount of credit may be
claimed and the Federal estate tax computed on
the return in accordance therewith before the
State death taxes have been paid,but the credit
cannot be finally allowed unless the State death
taxes are actually paid and credit therefor
claimed within 4 years after the return is filed
(or within such fUljher period.prov!ded by t.he
Statute ina case where a petition IS filed with
the Tax Court of the United States,or in the case
of an extension or postponement of time)andevidencethatthetaxhasbeenpaidissubmitted.If credit is claimed for any State death taxwhichissubsequentlyrecovered,see section
20.2016-1 of the regulations for the notice reo
quired within 30 days.
The following evidence should be submitted to
the Internal Revenue Service:
(1)Certificate of the proper officer of t~e
taxing State,or the District of Columbia,
Page 34
showing:(a)The total amount of tax imposed
(before adding interest and penalties and be·
fore allowing discount);(b)the amount of
discount allowed;(c)the amount of penalties
and interest imposed or charged;(d)the total
amount actually paid in cash;and (e)the date
of payment.
(2)Such additional proof as the Internal
Revenue Service may specifically request.
If practicable the evidence outlined in (1),above,
should be filed with the return,but if that is not
convenient or possible,it should be submitted
as soon thereafter as practicable.
Example.The decedent,a resident of the
United States,died on January 31,1970.The
total gross estate is $400,000.The value of the
taxable estate shown under "Computation of
Tax"is $265,000.It is assumed that the maxi·
mum amount of the credit for State death taxes
is allowable and that no other credits will be
claimed.The amount of the gross estate tax
shown in column (3)of Table A on a taxable
estate equaling $250,000 is $65,700.Since
$265,000 exceeds $250,000 and falls below$500 000,the amount of the gross estate taxontheexcessof$15,000 is computed at 32
percent,the rate shown in column (4)of Table
A.The $4,800 computed on such excess,added
to $65,700 equals $70,500,the gross estate
tax.Using Table B it is determined that the
maximum amount of the credit for State death
taxes allowable in the case of a taxable estate
of $265,000 is $4,400.The gross estate tax,
$70,500,less credit for State death faxes,
$4,400,equals $66,100,which is the "Gross
estate tax less credit for State death taxes'"and
is the amount which should be entered at iteln
8.As no credit either for Federal gift taxes,for
tax on prior transfers,or for foreign death taxes
is involved,that amount is the net estate tax
payable.The computation of the tax in this
example is set up as follows:
1.Gros;estate tax.. • . . . . .$70,500
2.Credit Tor State death taxes.. . .4,400
3.Gross estate tax less credit for State
death taxes.. . . . . . . .$66,100
Federal Gift Taxes
Credit is allowed for "Federal gift taxes"im·
posed by chapter 12 of the Code and the cor·
responding provisions of prior laws,on the
transfer from the decedent of property which is
included in the gross estate.The credit cannot
exceed that proportion of the gross estate tax
less State death taxes that the value cif the
included gift bears to the entire gross estate,
reduced by the total deductions allowed for
charitable.public and similar gifts and bequests
and as a marital deducfi.on.For further informa·
tion see the regulations issued pursuant to sec·
tion 2012 ofthe Code.
-,
.J
Instructions for Computation of Tax
For convenience the computation of the tax
on page 1 is divided into three parts.Where no
credit is claimed by the estate either for Fed-
eral gift taxes,for tax on prior transfers,or for
foreign death taxes,only Parts I and II (con-
sisting of items 1 through 8)should be com·
pleted.Where a credit is claimed either for
Federal gift tax,es,for tax on prior transfers,
or for foreign death taxes,Part III (consisting of
items 9 through 13)should be completed in
addition to Parts I and II.
Part II
Item 6."Gross estate tax"is computed by
means of Table A on the value of the taxable
estate shown at item 5.
Item 7.See above instructions and example
rel1ative to credit for State death taxes.
Item 8."Gross estate tax less credit for State
death taxes"is the amount remaining after
deducting the amount entered at item 7 from
the amount entered at item 6.This amount also
represents the net estate tax payable unless
credit is claimed either for Federal gift taxes,for
tax on prior transfers or for foreign death taxes.
Part III
litem 9.See above instructions relative to
credit for Federal gift taxes.
Item 10."Credit for tax on prior transfers"
is the amount computed on Schedule O.
Item 11."Credit for foreign death taxes"is
the amount computed on Schedule P.If credit
is claimed for death taxes paid to more than
Table A
one foreign country,the credit for the payment
to each country should be computed separately
and the total thereof entered at item 11,sub·
ject to the limitation that the amount of the
credit allowable in respect of property subject to
death taxes by two or more foreign countries
cannot exceed the amount of the estate tax
attributable to such property.
The following example illustrates the compu-
tation in Part III where credit for Federal gift
taxes,for tax on prior transfers,and for foreign
death taxes are involved.
Example.The facts are the same as in ex-
ample above illustrating the computation of
State death taxes except that credits are claimed
for Federal gift taxes,for tax on prior transfers,
and for foreign death taxes.It is assumed for
the purpose of this example that the decedent
transferred on December 1,1969,in contem-
plation of death,certain real property to his
daughter as a gift.The value of this real prop-
erty as of the date of the gift,and as of the time
of death,was $143,000.As a result of this gift,a
gift tax of $17,775 was paid on a net gift of
$110,000 ($3,000 excluded and the specific
exemption of $30,000 deduction under the gift
tax provisions of the Internal Revenue Code).
As the value of the transferred real property is
included in the decedent's gross estate,a credit
for gift tax is allowed against item 8.The gift tax
credit is limited to the amount of the gift tax,
$17,775,and also is limited to the proportion of
$66,100,the amount of item 8,that the value
of the included gift,$140,000,bears to the
entire gross estate,$400,000.(It will be noted
that the amount of the included gift is $140,000,
which is $143,000 less $3,000,the amount
excluded in determining the included gift for
purposes of the gift tax.)Since $140,000 divided
by $400,000 equals 0.35,the amount of this
proportion is $23,135 ($66,100 multiplied by
0.35).Since the gift tax is less than $23,135,
the former amount,$17,775,should be entered
at item 9.The credit computed on Schedule 0
for tax on prior transfers amounts to $1,100
which should be entered at item 10.The credit
computed on Schedule P for a foreign death tax
amounts to $900 which should be entered at
item 11.The total of items 9,10,and 11,or
$19,775,should be entered at item 12.The net
estate tax payable,$46,325 (item 8 less item
12),is shown at item 13.The computation in
Part III is set up as follows:
9.Credit for Federal gift taxes.$17,775
10.Credit for tax on prior trans-
fers..1,100
11.Credit for foreign death
taxes . . . . ...900
12.Total of credits under Part III.. .$19,775
13.Net estate tax payable.. . . .$46,325
If the amount of tax paid with the return isdifferentthantheamountofnetestatetaxpay-
able as computed on the return,the executor
should explain the difference in an attached
statement.For example,if prior payments have
been made to the Internal Revenue Service,or
certain marketable United States Treasury bonds
(issued before March 4,1971)have been
redeemed at par plus accrued interest in pay-
ment of the tax at any Federal Reserve bank,the
office of the Treasurer of the United States,or
the Bureau of the Public Debt,as explained in
Rev.Proc.69-18,Internal Revenue Cumulative
Bulletin 1969-2,page 300,such facts should
be stated in an attached statement.
Table B
I
r·l .
Computation of Gross Estate Tax
Taxable Rate of
estate Taxable Tax on tax on
equal to or estate less amourt in excess over
than-columr (1)amount inmorethan-column (1)
(1)(2)(3}(4)
(Percent)
0 $5,000 0 3
$5,000 10,000 $150 7
10,000 20,000 '500 11
20,000 30,000 1,600 14
30,000 40,000 3,000 18
40,-000 50,000 --4,800 i2-
50,000 60,000 7.000 25
60,000 100,000 9,500 28
100,000 250,000 20.700 30
250,000 500,000 65.700 32
500,000 750,000 145.700 35
750,000 1,000,000 233.,200 37
1,000,000 1,250,000 325,700 39
1,250,000 1,500,000 423,200 42
1,500,000 2,000,000 528,200 45
2,000,000 2,500,000 753,200 492,500,000 3,000,000 998,.200 533,000,000 3,500,000 1,263,200 563,500,000 4,000,000 1,543,200 594,000,000 5,000,000 1,838,200 63
5,000,000 6,000,000 2,468,200 67
6,000,000 7,000,000 3,138,200 707,000,000 8,000,000 3,838,200 73
8,000,000 10,000,000 4,568,200 76
10,000,000 ----_.._----.--...6,088,200 77
Computation of Maximum Credit for State Death Taxes
(Based on Federal Taxable Estate)
I
!
Taxable I Rate of
estate Taxable Credit on credit on
estate less amount in ,
equal to or excess over
more than-than-column (1)amount in
column (1)
(1)(2)(3)(4)
(Percent)
0 $40,000 0
I
None
$40,000 90,000 0 0.8
90,000 140,000 $400 1.6
140,000 240,000 1,200 2.4
240,000 I 440,000 3,600 3.2-_._.-_.--~640,000 ---------4.0-440,000 10,000
640,000 840,000 18,000 4.8
840,000 1,040,000 27,600 i 5.6
1,040,000 1,540,000 38,800 I 6.4
1,540,000 2,040,000 70,800 7.2
2,040,000 I 2,540,000 106,800 8.0
2,540,000 i 3,040,000 146,800 8.8
3,040,000 3,540,000 190,800 9.6
3,540,000 I 4,040,000 238,800 10.4
4,040,000 5,040,000 290,800 11.2
I
-------5,040,000 6,040,000 402,800 12.0
6,040,000 7,040,000 522,800 12.8
7,040,000 8,040,000 650,800 13.6
8,040,000 9,040,000 786,800 14.4
9,040,000 10,040,000 930,800 15.2
10,040,000 .._--.........._--1,082,800 16.0
Page 35
F,orm 706 '(R.N.7-71)
Estate of::
(This sheet may be used as a continuation ofany schedule).---~..._...-
Item Des.:ription Alte,nale Allernate Value at
Number Valuati",n Date Value date of death
$$
TOTAL (Carry the total from this page :0 the appropriate schedule)$$
Continuation of Schedule
~.
l
Form 106 (R:lv.7-71)
Estate of:
Confnuat on of Schedule <This sheet may be used as a continuation of any schedule')
Iten Description Alternate Alternate
,\
Value at
Number Valuation Date Value cate of death
$!$
I
,,,
I!
1
TC'TAL (Carry the total from this page to the appropriate schedule)$~
1:f u.s.GflVERNM:NT PRINTING;OFFICE:1971-327·528 IE.I.#53010 8970
(-:)i~rl f-_?,
--I ;:c)1-'
C)C:~~:':--"
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~E':.::~J
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-....)
r:J~~
"'.......
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..-------------_..,---------.....,.---.__............,....---_.._~--..."'''---...,.,_--.--,----_.....-.-.....-._-,--..--.----..-..-.._----.....-..-------"J.RCC·4 (8-68)
,I
"
COMMONWEALTH OF PENNSVLVAN-IA
DEPARTMENT OF FEVENUE
.i NO.B 11866 OFFICIAL RECEIPT.PENNSYLVANIA INH~RITANCE Al':D ESTATE TAX :.i
I~=~~~~~=========================================~..;
RECEIVEDSIXHUNDRE1)and 00 100 ---.--------------__dollarslIliJUJDQDiXXJ(bcr....Guy J",Bolyard representing Pennsylvania Inheritance or
From:ATTt.ALEXANDER McILVAINE Estate Tax due from the following estate:
2 %Tax:m $_
%Tax on $_
Estc te Tax,Act of
May 7,1927
$--------,IIJII
$
$600.0D
$
$
$
$600.'00
$---------1111
$,--------
$On Account6%Tax on
150/«:Tax on
TOT.:\L T~X CREDIT
Less fiVE percentum of tax if
paic wihin three month"after
date of death
Plu:interest at the rate of
__~frcm _
to _
Date of Payment _-lN~"!ml~r-.~l.-]jJcrJL ~
\~ASHINGTON PENNSYLVANIA 15301
Address DDlIIXDI 33 W,BEAU STREET
Remarks:
File No.63-11...359 Date of Death -M.w.::.r.....!.W.!~--I
County WAS
)fJR
SEA L TOTAL ....MOUNT PAID $==6()=O=·,,~OO====!J1
NOTE:This Tripiicate Receipt to be retained for aUdil:'8~~58_5 (.").i)·rV!.''
Received by""J 1\'-::-'eX I (! -./'/v..')
NOTE:In accepting the transfer inheritance to<an future estates,prior to the c-eath ::>f the life~-.....'/·\.,..,(Signatur )I J
tenant or tenant for years,,JS evidenced by thi.s rece.pt,it is understood that the Cam,-,onw.'alth shall .I ,~,
not be precluded or p~evented from hereafter assessing additional inheritance tax at the death ofthe -.-<.t.'.".J;/.../:""-{i l~....J..f<:.)
lif,e tenant or ter,ant for years whenever it appearE that such additional tax may be egall"due and .......\.....;\.-(Title~.
collectible for any reason whatsoever.I )
"Ir
_-..._--~_._.~---~._..-_......_--
dollars
~RCC-4(8-68)
No.8 ,,4SH9SqFFICIAL R~
RECEIVED 0I1B ffOOSMID Sft iWNDfJil)'iSm Emfff utId $~.Jilll iM_~I'IOt.t jVOI;'iljoo,'.mo'lf;I....,~lSl'esenTlng t'ennsy van a nnemance or
From:_".to...,".,.,!..'....B_Ott......."'~..,."!r'lM....'...,...'"'"...........,...,..,.......,......,..,....--,.E_st_at_e_T_a_x_d_u_-9_f_ro_m_th_e_f_o_lIo_w_i_ng~e_st_at_e_:------11
. •C:~;v.a.u'4.l't
Address "'""9':!M~¥I--Bia't'tHrffiftl't----------j 2%Taxon $_
6%Taxon $-.....,n-"'1'"":"'"..,."..,.---~"31,13S.TJ
$--------·LiII
Date of Death -jii~~1l:""-1 15%Taxon $-,-,_$--------1]
TOTAL T~X CREDIT $'--...7?"";2;u.:.2~S;:"".~32;;J,---tI
Less five percentum of to<if Pr$V Pd 6 00
paid within three months after,••I.00",."
date of death Ba1.~__1:::·'L_628....:.:.:::32 .u
Plus interest at the rate Jf
__%frol1 _
Date of Paynent ----.Jarl~~r-::t.t~~rtZr----_j
Nome of De:edent -Ll'eijfJt1m~~IG""13C:mrtl.lttlrernc1eJ
County ----WAl;m:mcVl.J.:~,lIr--------i
Remarks:
.11·1'.
%Tax on $_
Estcte Tax,Act of
fv..ay 7,1927
to _
$----------"--111
$---------r.l
$,---------IU
5,E A L
TOTAL Ay\OUNT PAID
NOTE:This Tdplicate Receip,to be retained lo~",aUd\l..~,rllit:Ps..C C-,'''l ,'.;f._
• .;).':J..?''"(,"t'-//I/I .
"..,.'Receivec b \...../"'_.;"..,:i~./~ctjNOTE:In accephng the transfer inheritance tax,'on future estates,prior to the death a·the,~,re::>/~;:::;:;(5IgtureY!-,
tenant or tena,t for years,as evidenced by this rec~ij:l,it is understood that the Commonweclt~~holl )..J'1 •/f
not be preclucedor preven13d iraI'!)hereafter ~ssess"ng ocditionol inheritance tax at the deeth oqhe _~~....,.-~.((,I)
life tenant cr :enont for yea-s whenever it appears !;hot such additional tax may be le~olly ~ue ond__/)i:-"'.x.l;,...;.J.--~.(Tit )
collectible for (My reason whoGoever..''-f \