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Inheritance And Estate Tax Certification E-207 - North Carolina

Inheritance And Estate Tax Certification Form. This is a North Carolina form and can be used in Estate Statewide .
 Fillable pdf Last Modified 6/5/2007
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File No. STATE OF NORTH CAROLINA County In The General Court Of Justice IN THE MATTER OF THE ESTATE OF: Deceased INHERITANCE AND ESTATE Date Of Death (See Reverse) TAX CERTIFICATION G.S. 28A-21-2; 105-22, -23 I, the personal representative in the above estate, certify that: 1 . The gross value of the estate, including any property transferred by the decedent over which the decedent had retained any interest as described in G.S. 105-2(a)(3), as well as any property transferred within three (3) years prior to the date of the decedents death, is less than $75,000 (If decedent died on or after 8/1/85 and before 7/1/86). $450,000 (If decedent died on or after 7/1/93 and before 1/1/97). $150,000 (If decedent died on or after 7/1/86 and before 1/1/87).$600,000 (If decedent died on or after 1/1/97). $250,000 (If decedent died on or after 1/1/87 and before 7/1/93). (See reverse.) 2. The beneficiaries are all Class A beneficiaries, as described in G.S. 105-4(a), (child, grandchild, parent, etc.), or the surviving spouse. (This form should not be used if any one of the beneficiaries is other than spouse or Class A.) 3. The following is a listing of the amount and value of all the decedents property, including real property located outside North Carolina, at the time of the decedents death. (Real estate owned by husband and wife as tenants by the entirety should be included at one-half the fair market value. Bank, savings and loan accounts, and other securities owned jointly by husband and wife with right of survivorship should be included at one-half fair market value.) PERSONAL PROPERTY (Include full value of joint ownership deposit accounts and securities except between husband and wife - include Market Valueone-half.) Cash, Securities, Savings $ Other Personal Property Life Insurance REAL PROPERTY (If real estate was owned by husband and wife as tenants by the entirety, include Tax Value Market Valueone-half value and so indicate.) Description And Location $ $ TRANSFERS (Total of item 7 on reverse) $ TOTAL VALUE OF PERSONAL PROPERTY, REAL PROPERTY AND TRANSFERS $ Date Signature SWORN AND SUBSCRIBED TO BEFORE ME Date Signature Title Of Fiduciary Title Of Person Authorized To Administer Oaths Address Of Fiduciary Date Commission Expires SEAL AOC-E-207, Rev. 8/97 Original - File Copy - Taxpayer 1997 Administrative Office of the Courts (Over) <<<<<<<<<********>>>>>>>>>>>>> 21. This form is designed to be used only for those estates in which the beneficiary is the spouse and/or all of the other beneficiaries are Class A. 2. This form should be used only when the gross estate, including real property, personal property, life insurance and transfers is less than the following: If Decedent Died To Use This Form On Or After Before Gross Estate Must Be Less Than 8/1/85 7/1/86 ............................................$ 75,000 7/1/86 1/1/87 ............................................$150,000 1/1/87 7/1/93 ............................................$250,000 7/1/93 1/1/97 ............................................$450,000 1/1/97 .................................................................$600,000 3. This form should indicate whether real property is owned jointly by husband and wife as an estate by the entirety and if so, show only one-half value. 4. Joint deposit accounts and other securities held jointly by husband and wife with right of survivorship should be shown at one-half value. All other joint deposits and other securities should be shown at full value. 5. An inheritance tax return is not required when: (1) all the beneficiaries are either a spouse, child, grandchild or parent and (2) the gross value of the estate, including property transferred within three years of the decedents death without adequate valuable consideration and transfers over which the decedent retained any interest (such as a life estate), was under the amount shown above. However, under G.S. 28A-21-2(a) a certification to the Clerk of Superior Court is required and this form should be completed. 6. Please list all beneficiaries and relationship to decedent. NAME RELATIONSHIP (Spouse, Child, Etc.) 7. Use the space below to explain any transfers over which the decedent retained any interest (such as life estate) as well as any transfers of property within three years of death without adequate valuable consideration. (List name of donee, date of transfer, description of property and value as of date of death.) Value $ TOTAL VALUE OF PERSONAL PROPERTY, REAL PROPERTY AND TRANSFERS $ AOC-E-207, Rev. 8/97, Side Two 1997 Administrative Office of the Courts
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