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Home My WebLink About10-27-06 . ();.o -~ "'::::'!:;~{'" COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVANIA ORPHANS' COURT DIVISION No. 21'()6'()386 Estate of RUTH R. RAILING, Deceased Late of the Borough of Carlisle FIRST AND FINAL ACCOUNT OF MANUFACTURERS AND TRADERS TRUST COMPANY, EXECUTOR , I Date of Death: Letters Granted: First Complete Advertisement of Grant of Letters: The Sentinel- Cumberland Law Joumal- Account Stated to: April 14, 2006 May 2, 2006 May 13,20 and 27, 2006 May 19, 26 and June 2, 2006 October 27, 2006 SUMMARY & INDEX Paaes PRINCIPAL Receipts Less Net Loss on Conversions 2 2-3 Less Disbursements 3-4 Less Distribl,ltions to Beneficiaries Principal Balance Remaining INCOME Receipts Less Disbursements Less Distributions to Beneficiary Income Balance Remaining Combined Balance Remaining ,.-,\ 605,747.28(~O 1,179.17 o:rj /0 604,568.11 c, no ""-:~n 129,083.17 . :f);~ 475,484.94 ;:-S~ 116,070.00 0 ~ --1 ~':J ..1> 4 4 5 6,229.02 313.00 5,916.02 4,430.96 5 359,2M4.94 1,485.06 $ 360,900.00 ~ c::> ,= t:I'"> o ,-) .-. N -.J -1'-: ::0 rc :1 rTl ,; QC; (-jc~ r"r.l :OC: (:JC', -I, ::q ~=: j~:::='=' G<:-~) --j-J :P" :x "" - .... ..- PRINCIPAL RECEIPTS Per PA Inheritance Tax Return filed Subseauent Receiots 06/09/06 Shenandoah Life Insurance Company, proceeds Group Policy 900G 07/11/06 Dividend Reinvestment 10.095 shs. American Tax Exempt Bond Fund Dividend Reinvestment 10.425 shs. American Tax Exempt Bond Fund . Dividend Reinvestment 10.474 shs. American Tax Exempt Bond Fund Dividend Reinvestment 2.392 shs. American Intermediate Term Bond Fund Dividend Reinvestment 1.949 shs. American Intermediate Term Bond Fund Dividend Reinvestment 1.877 shs. American Ltd. Term Tax Exempt Bond Fund Dividend Reinvestment 1.896 shs. American Ltd. Term Tax Exempt Bond Fund Dividend Reinvestment 1.918 shs. American Ltd. Term Tax Exempt Bond Fund 07/17/06 Amortiz~tion Middletown Twp. PA 5% 10-15-10 09/07/06 CSF, lump sum death benefit Total Principal Receipts PRINCIPAL CONVERSIONS INTO CASH 07/11/06 $20,000 par Discover. Bank CD 4.95% 4-24-07 Proceeds 20,000.00 Inventoried At 20,000.00 07/17/06 $10,000 par Middletown Twp. PA 5% 10-15-10 Proceeds 10,443.82 Inventoried At 10,487.81 07/17/06 $20,000 par Erie PA School District Proceeds '17,441.25 Inventoried At 17,697.75 07/17/06 3868.468 shs. American Tax Exempt Bond Fund Proceeds 47,615.49 Inventoried At 47,659.74 -2- 2,000.00 124.37 128.44 129.25 31.76 25.86 28.36 28.66 29.04 (19.84) 1,136.05 Gain .. 602,105.33 3,641.95 $ 605,747.28 Loss 43.99 256.50 44.25 .. L,.-.a PRINCIPAL CONVERSIONS INTO CASH (continued) Gain 07/17/06 798.211 shs. American Intermediate Bond Fund Proceeds 10,547.00 Inventoried At 10,584.34 07/17/06 523.266 shs. Capital World Growth & Income Fund Proceeds 19,371.19 Inventoried At 20,161.44 07/17/06 2188.777 shs. American Income Fund Proceeds 40,684.01 Inventoried At 40,667.48 07/17/06 897.68 shs. American Ltd. Term Tax Exempt Bond Fund Proceeds 13,540.64 Inventoried At 13,564.01 Totals Net loss on Conversions PRINCIPAL DISBURSEMENTS 05/03/06 Register of Wills, Letters Testamentary 05/09/06 Cumberland Law Journal, advertising Letters Testamentary Hilton Lock & Services, re-key Belvedere St property Trugreen Chern lawn, lawn care Borough of Carlisle, water and sewer service Mid-Atlan Co-Op, fuel Oil Mid-Atlan Co-Op, HVAC maintenance 05/16/06 J&A Lawn Care & Landscaping, lawn care PPL, electric service 05/17/06 Sprint, telephone service OS/23/06 PPL, electric service due 4-17-06 St Paul's Lutheran Church, Check 6587 issued prior to death OS/24/06 Borough of Carlisle, water and sewer service Vital records, Death Certificates 06/01/06 The Sentinel, advertising Letters Testamentary 06/06/06 IBIS Appraisal Services, personal property appraisal 06/07/06 Terry Lindsey, trash removal Boro~9hof Carlisle, water and sewer service 06/08/06 J&A Lawn Care & Landscaping, lawn care 06/09/06 Register of Wills, Short Certificates 06/13/06 PPL, electric service Sprint, telephone seryice -3- 16.53 16.53 . ,.... loss 37.34 790.25 23.37 1,195.70 .$ 1,179.17 530.00 75.00 183.01 68.90 16.18 56.63 99.95 92.00 77.00 44.83 77.00 8.75 16.18 90.00 151.55 90.00 295.00 16.18 184.00 24.00 76.99 1.87 .\' --- , , ~ PRINCIPAL DISBURSEMENTS (continued) 07/03/06 Register of Wills, estimated PA Inheritance Tax 07/10/06 J&A Lawn Care & Landscaping, lawn care 07/12/06 Merrill Lynch, transfer fee 07/13/06 PPL, electric service 07/20/06 Cumberland-Goodwill Fire Rescu~, ambulance service 07/21/06 Remax Sterling Associates, Inc., realtor's fee 1 % Real Estate Transfer Tax Borough of Carlisle, final water and sewer 08/02/06 Register of Wills, filing PA Inheritance Tax Return J&A Lawn Care and Landscaping, lawn care 09/01/06 Marsh Advantage of America, homeowners premium 09/27/06 Register of Wills, PA Inheritance Tax Reserved: Martson, Deardorff, Williams & Otto - Attorney Fee Manufacturers & Traders Trust Co., Executor Fee _ Closing and Filing Costs 55,000.00 184.00 95.00 67.22 59.86 10,500.00 1,750.00 16.18 15.00 138.00 262.00 23,375.73 11,282.00 22,563.16 1,500.00 Total Principal Disbursements $ 129,083.17 PRINCIPAL DISTRIBUTIONS TO BENEFICIARIES 06/08/06 St. Paul's Lutheran Church, specific bequest 06/09/06 Lee Leidigh, specific bequest Lee Leidigh, advance distribution 06/23/06 Lee Leidigh, proceeds sale of 2001 Oldsmobile Alero Lee Leidigh, distributed personal property as appraised 06/30/06 Lee Leidigh, advance distribution 10,000.00 25,000.00 50,000.00 5,655.00 415.00 25,000.00 Total Principal Distributions to Beneficiaries $ 116,070.00 INCOME RECEIPTS 05/12/06 Interest, Discover Bank CD 4.95% 4-24-07 06/07/06 Interest, Allstate Select Annuity 06/09/06 Interest, Shenandoah Life Insurance Co. Group Policy 900G 07/07/06 Interest, Citigroup Money Market 07/11/06 Interest, Discover Bank CD 4.95% 4-24-07 07/12/06 Interest, Merrill Lynch Money Market Interest, Middletown Twp. PA 5% 10-15-10 Dividend, American Funds Income Fund Dividends, MTB Prime Money Market Fund 6-1-06 to 10-2-06 26.14 877.97 6.25 94.65 160.03 112.85 22.54 314.70 4,613.89 Total Income Receipts $ 6,229.02 -4- "- . . -- INCOME DISBURSEMENTS Manufacturers and Traders Trust Co., income commission $ 313.00 INCOME DISTRIBUTIONS TO BENEFICIARY 07/26/06 Lee Leidigh 09/15/06 Lee Leidigh 2,187.49 2,243.47 Total Distributions to Beneficiary $ 4,430.96 MANUFACTURERS AND TRADERS TRUST COMPANY EXECUTOR RUTH R. RAILING ~4k- J(Zu~ - Ja F. Burke, Vice President COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND Jane F.Burke, Vice President, being duly sworn according.to law, depose and says that the foregoing Account, both as to the items of charge and discharge, are just and true to the best of her knowledge and belief. ~~ Jane . Burke, Vice President Sworn to and Subscribed before me this g 'ffl.day of October, 2006 .~~J~ KJk.. COMMONWEALTH OF PENNSYLVANIA NotariaJ SeaJ Gwendolyn E. Killian, NotaJy Public Carlisle 8010, Cumberland County My Commission Expires Nov; 22, 2008 Member, Pennsylvania Association Of Notaries -5- " - , " \l r .... IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVANIA ORPHANS' COURT DMSION IN THE ESTATE OF RUTH R. RAILING, LATE OF THE BOROUGH OF CARLISLE SCHEDULE OF PROPOSED DISTRIBUTION Balance for distribution as per First and Final Account filed October 27,2006 $ 360,900.00 DISTRIBUTION Lee Leidigh Principal Cash Income Cash 359,414.94 1,485.06 $ 360,900.00 STATEMENT OF THE REASONS FOR THE PROPOSED DISTRIBUTION The above distribution is proposed in accordance with the terms of the Last Will and Testament of Ruth R. Railing, late of the Borough of Carlisle, Cumberland County, PA. COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND Jane F. Burke, Vice President, being duly sworn according to law, depose and says that the foregoing Account, both as to the items of charge and discharge, are just and true to the best of her knowledge and belief. J ne F. Burke, Vice President Sworn to and Subscribed before me this M!:!day of October, 2006 .4~~l'.k~ "" Notary ublic COMMONWEALTH'OF PENNSYLVANIA, Notarial Seal Gwendolyn E. Killian, Notary Public Carlisle BolO, Cumberland County , My Commission Expires Nov. 22, 2008 Member, PennsylvanIa Association 01 Notaries .'. -6-