Last updated: 7/2/2018
Schedule L Remainder Prepayment Or Invasion Of Trust Corpus {REV-1644}
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Description
REMAINDER PREPAYMENT: A. Election to Prepay Filed with the Register of Wills on (Date)B.Name(s) of Life Tenant(s) Date of BirthAge on Date Term of Years Income or Annuitant(s)of Electionor Annuity is Payable C.Assets: Complete Schedule L-1 1.Real Estate . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 2.Stocks and Bonds . . . . . . . . . . . . . . . . . . . . . .$ 3.Closely Held Stock/Partnership . . . . . . . . . . . . .$ 4.Mortgages and Notes . . . . . . . . . . . . . . . . . . . .$ 5.Cash/Misc. Personal Property . . . . . . . . . . . . . .$ 6.Total from Schedule L-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ D.Credits: Complete Schedule L-2 1.Unpaid Liabilities . . . . . . . . . . . . . . . . . . . . . . .$ 2.Unpaid Bequests . . . . . . . . . . . . . . . . . . . . . . .$ 3.Value of Non Includable Assets . . . . . . . . . . . . .$ 4.Total from Schedule L-2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ E.Total Value of Trust Assets (Line C-6 minus Line D-4) . . . . . . . . . . . . . . . . . . . . . . . . . . .$ F. Remainder Factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G.Taxable Remainder Value (Multiply Line E by Line F) . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ (Also enter on Line 7, Recapitulation)INVASION OF CORPUS: A.Invasion of Corpus(Month, Day, Year)B.Name(s) of Life Tenant(s) Date of BirthAge on Date Term of Years Income or Annuitant(s)Corpus or Annuity is PayableConsumed C.Corpus Consumed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ D.Remainder Factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E.Taxable Value of Corpus Consumed (Multiply Line C by Line D) . . . . . . . . . . . . . . . . . . . .$ (Also enter on Line 7, Recapitulation) INHERITANCE TAXSCHEDULE LREMAINDER PREPAYMENT OR INVASION OF TRUST CORPUSESTATE OFFILE NUMBER This schedule is appropriate only for estates of decedents dying on or before Dec. 12, 1982.This schedule is to be used for all remainder returns when an election to prepay has been filed under the provisions of Section 714 of the Inheritance and Estate Tax Act of 1961or to report the invasion of trust corpus (principal). II.III.I. INHERITANCE TAX RETURN RESIDENT DECEDENT REV-1644 EX+ (01-10) American LegalNet, Inc. www.FormsWorkFlow.com
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