HomeMy WebLinkAbout02-26-07
FAMILY SETTLEMENT AND FINAL RELEASE
IN THE
ESTATE OF CATHERINE B. BUTT
KNOW ALL MEN BY THESE PRESENTS, THAT WHEREAS, Catherine B. Butt,
late of the Borough of Camp Hill, Cumberland County, Pennsylvania, deceased, died on May 27,
2006, testate.
WHEREAS, Letters Testamentary were granted to Linda M. Martin and Dianne E.
Hixon, on June 12, 2006, with same having been filed in Cumberland County, Pennsylvania, to
Estate No. 21-06-0517;
WHEREAS, the said personal representatives have gathered the assets of the estate of
the said decedent and the assets consist of personal property to a total value of $574,265.72, as
set forth in Exhibit "A", which is a statement of account of the said personal representatives, and
which is attached hereto and made a part hereof, and marked Exhibit "A";
WHEREAS, the debts and deductions amount to $49,738.77, leaving a balance for
distribution of $524,526.95, also as set forth in the statement of the said personal representatives,
which is attached hereto and made a part hereof, and marked Exhibit "B";
NOW THEREFORE, KNOW YE, that we, Linda M. Martin and Dianne E. Hixon,
being the heirs of the said decedent, and being the individuals entitled to inherit under the Last
Will and Testament, do hereby acknowledge that we have this day had and received from the
aforesaid personal representative, in full satisfaction and payment of all sum or sums of money,
legacies, bequests, and devises as are given, devised and bequeathed to us by the said Last Will
and Testament, which amount we have received this day, and which is the amount set opposite
our names in the table and schedule of distribution in said statement attached hereto and marked
Exhibit "C";
AND, we do hereby stipulate that in order to avoid the expense and time involved in the
filing of a formal account and schedule of distribution, we agree that no account is necessary and
we hereby agree and consent to distribution being made without the filing of an account and
schedule of distribution, the same to be with the same force and effect as if it had been filed and
confirmed by the Orphan's Court Division of the Court of Common Pleas of Cumberland
County.
THEREFORE, we do hereby remise, release, quitclaim and forever discharge the said
personal representative, her heirs, executors, administrators and assigns, of and from the said
estate and from all actions, ;suits, payments, accounts, reckonings, claims and demands
whatsoever, touching upon theestate,ofsaiclpecedent, and we do further hereby covenant and
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agree that we will contribute mfshar~ 9Hh:~) estate to satisfy any and all claims, demands, suits,
or causes of action which may be successfully prosecuted against the said estate or the aforesaid
personal representative after~r ~,i.~n~ag,~~ngg ~~9~delivery of this family settlement agreement
and final release.
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IN WITNESS WHEREOF, we, the heirs of the said decedent, have hereunto set our
hands and seals.
WITNESSES:
"', n
~wtiiJ ~2[)Y1O~a.
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LINDAM. MARTIN
~^'W{lL \fRJi"ri:Url
;J~~,~ C;. Ii<j~
DIANNE E. HIXON
COMMONWEALTH OF PENNSYLVANIA
SS
COUNTY OF CUMBERLAND
On this AJ of day of February, 2007, before me, the undersigned officer, personally
appeared LINDA M. MARTIN and DIANNE E. HIXON, known to me (or satisfactorily proven)
to be the individuals whose names are subscribed to the foregoing instrument, and acknowledged
that they executed the same for the purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
NOTARIAL SIAL
LINDA A CLOlFELlER
Notary N)IC
HAMPDEN 1WP. eut.WERI.NG CN1Y
My CorM*IIOn bpINI Nt 21, 2010
DEBITS:
LAST AND FINAL ACCOUNT OF THE
ESTATE OF CATHERINE B. BUTT,
LATE OF BOROUGH OF CAMP HILL,
CUMBERLAND COUNTY, PENNSYLVANIA
DATE OF DEATH: MAY 27, 2006
PRINCIPAL ACCOUNT - EXHIBIT "A"
Your Accountants charge themselves with the following:
A.
A.
B
c.
Real Property
Residential Real Estate
101 April Drive
Camp Hill, Pennsylvania
Tax Parcel No. 01-21-0275-085
Sold August 29,2006 for $149,000.00 sales price
Proceeds of sale $137,239.08 after expenses
Personal Property
Proceeds of public auction of miscellaneous personal
property including 1993 Buick LeSabre Custom Sedan
Gross proceeds of auction $9,061.00
Expenses incurred by auctioneer $2,308.58
Net proceeds to estate $6,752.42
Investment Account with Raymond James
Account No. 16463932
Date of death value $50,104.23
Interest to estate: $588.12
Checking Account with M&T Bank
Account No. 18889468
Date of death value $ 48,027.11
Pending checks cleared after death $1,627.67
Total principal debits page one:
$ 137,239.08
$ 6,752.42
$ 50,692.35
$ 46,399.44
$ 241,083.29
D. Certificate of Deposit with M&T Bank $ 4,997.08
Account No. 031003914577027
Date of death value $ 5,000.00
Net value to estate $4,997.08
E. Certificate of Deposit with Wachovia Bank, N.A. $ 50,123.56
Account No. 24-740-205-2167287
Date of death value $50,000.00
Interest to estate $287.84 - fees to liquidate $163.68
F. 8340 Shared of Common Stock of Tyco IntI., LTD $ 219,518.09
Date of death value $231,487.80
Net value at sale 9/13/06 $219,518.09
G. 14 Shares of Common Stock of Prudential Financial $ 1,072.54
Account No. 593-7580
Date of death value $1,060.92
Net value at sale $1,072.94
H. Income from Aetna Life Insurance Joint Annuity payment $ 270.13
Contract No. GA-443 $270.13 paid for one month
I. Annuity funds from Allstate Life Insurance Company $ 50,253.67
Annuity No. GA 17633671
Date of death value $50,131.73
Value on date of withdrawal $50,253.67
J. Misc. refunds, reimbursements and payments: $ 1,221.71
1. Medicare payment $105.97
2. Highmark insurance reimbursement $654.40
3. PA income tax refund $300.00
4. Wachovia interest to estate account $146.28
5. M&T Bank interest to estate account $15.06
K. Interest earned by estate checking and investment $ 5,725.65
accounts
Total principal debits this page: $ 333,182.43
Total principal debits prior page: $ 241.083.29
TOTAL PRINCIPAL DEBITS: $ 574,265.72
EXHIBIT "A"
CREDITS - EXHIBIT "B"
Your Accountants ask credit for payments made from Principal Account as follows:
Date Description Amount
6/12/06 M&T Visa - Credit card bill 640.47
6/12/06 UGI Utilities - Gas bill for residence
113.00
6/12/06 AT &T - Telephone bill for residence
41.78
6/12/06 BP Amoco - Credit card bill
12.00
6/12/06 Linda Martin - Reimbursement for probate fees
420.00
6/19/06 Dan White Plumbing, Heating and AC - Repair bill for residence
40.00
6/19/06 Verizon - Telephone bill for residence
30.04
6/19/06 Penn Waste - Trash bill for residence
42.63
6/26/06 Trugreen Chemlawn - Lawn service for residence
37.10
6/26/06 PP&L - Electric bill for residence
47.71
6/26/06 Comcast - Cable bill for residence
47.85
6/26/06 P A American Water Company - Water bill for residence
47.62
6/27/06 Virgil Hartman - Reimbursement for repair expenses for residence
36.04
6/30/06 Eric Paull - Fees for lawn service pending sale of residence
120.00
6/30/06 Dan White Plumbing, Heating and AC - Repair bill for residence
2,300.00
7/7/06 J.R. Hossman - Fees for home repairs for residence
860.00
7/10/06 UGI Utilities - Gas bill for residence pending sale
9,546.50
269.17
7/10/06 Monahan Funeral Home, Inc. - Funeral expenses
7/11/06 Dianne Hixon - Reimbursement for funeral luncheon expense
249.00
7/14/06 l.R. Hossman - Fees for home repairs for residence
171.00
7/17/06 Camp Hill Borough - Sewer bill for residence pending sale
85.00
7/28/06 Cumberland Law Journal- Estate advertisement fee
75.00
7/28/06 Linda A. Clotfelter, Esq. - Professional fees prior to death
447.75
Total credits this page: $15,679.66
7/28/06 Linda A. Clotfelter, Esq. - Professional fees for estate administration
7/31/06 PA American Water Company - Water bill for residence
7/31/06 PP&L - Electric bill for residence pending sale
8/7/06 Eric Paull- Lawn service fees for residence pending sale
8/18/06 Register of Wills, Agent - Pennsylvania Inheritance Tax
8/22/06 UGI Utilities - Gas bill for residence pending sale
8/24/06 Register of Wills, Agent - P A Inheritance Taxes
9/2/06 PP&L - Electric bill for residence pending sale
9/5/06 Aetna - Reimbursement of annuity overpayment
9/7/06 PP&L - Electric bill for residence pending sale
9/8/06 UGI Utilities - Gas bill for residence pending sale
9/12/06 Eric Paull- Lawn maintenance fees pending sale of residence
9/15/06 PA American Water Company - Water bill pending sale of residence
9/28/06 Linda Martin - Reimbursement for expenses of executrix
9/28/06 Dianne Hixon - Reimbursement for expenses of executrix
10/05/06 Cord or Memorials - Fees for gravestone and inscription
10/27/06 Linda A. Clotfelter - Reimbursement for fees paid by firm for prior to death
10/27/06 Linda A. Clotfelter - Reimbursement for - Estate advertisement fee
2/23/07 Register of Wills, Cumberland County - Additional probate fees
2/23/07 Register of Wills, Cumberland County - Filing fee for P A Inheritance Tax
Return
2/23/07 Register of Wills, Agent - P A Inheritance Tax Payment
2/23/07 Orphans' Court, Cumberland County - Filing fee for Family Settlement
Agreement
2/23/07 Linda A. Clotfelter, Esq. - Professional fees for estate administration
Total credits this page:
Total credits prior page:
TOTAL CREDITS:
EXHIBIT "B"
2,167.34
45.86
29.65
120.00
12,500.00
21.32
10,000.00
52.53
743.05
22.73
11. 09
30.00
2.77
692.17
656.33
1,443.00
114.00
246.24
150.00
15.00
1,271.33
20.00
3,704.70
$ 34,059.11
$ 15,679.66
$ 49,738.77
RECAPITULATION
Principal Debits $ 574,265.72
Minus: (A) Administrative Expenses ($ 48,116.82)
(B) Last Debts of Decedent ($ 1,621.95)
SUBTOTAL: ($ 49,738.77)
TOTAL BALANCE FOR $ 524,526.95
DISTRIBUTION
NON-PROBATE PROPERTY
Description
Treatment
A.
Income from death benefit of
Reliastar Life Insurance
Policy No. 62941-3-GAT on life
of Ralph Butt, Ir.
By contingent beneficiary designation
to step-daughters, Linda M. Martin and
Dianne Hixon in equal shares
B.
Income from death benefit of
Prudential Life Insurance Policy
No. 402240110n life of
Catherine Butt
By contingent beneficiary designation
to sister, Margaret Me Go arty
PROPOSED DISTRIBUTION
The Personal Representative proposes distribution of the Total Balance for Distribution to the
following heirs as described:
LINDA M. MARTIN
13709 Stafford Drive
Thurmont, MD 21788
1/2 of rest, residue and
remainder
$ 262,263.48
DIANNE E. HIXON
301 Cameo Drive
Fayetteville, P A 17222
1/2 of rest, residue and
remainder
$ 262,263.47
TOTAL CASH DISTRIBUTED: $ 524,526.95
EXHIBIT "C"
LAW FIRM OF
LINDA A. CLOTFELTER
5021 EAST TRINDLE ROAD, SUITE 100
MECHANICSBURG, PENNSYLVANIA 17050
telephone (717) 796-1930
facsimile (717) 796-1933
February 23, 2007
Glenda Farner Strausbaugh
Register of Wills, Cumberland County
One Courthouse Square
Carlisle, P A 17013
RE: Estate of Catherine B. Butt
Estate from 21-06-0517
Dear Ms. Farner:
Please find enclosed the documents necessary to finalize the above-referenced estate:
1. Original and two copies of the Pennsylvania Inheritance Tax Reurn;
2. A check for the sum of $1,,271.33 as tax due;
3. A check for $15.00 for the filing fee for the Inheritance Tax Return;
4. Original and two copies of a Family Settlement and Final Release;
5. A check for $20.00 for the filing fee for the Family Settlement and Final Release;
6. An original and one copy of the Rule 6.12 Status Report; and
7. A check for $150.00 for additional probate fees that we believe are due.
Please process the above items and return the extra, time-stamped copies to our office in
the enclosed envelope.
Very truly yours,
()
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Enclosures
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