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Home My WebLink About04-13-07 (4) FIRST AND FINAL ACCOUNT OF MIDPENN BANK, EXECUTOR FOR THE ESTATE OF HELEN L. WATERMAN, DECEASED OF CUMBERLAND COUNTY - CODE NO. 2006-00884 Date of Death: 9/28/06 Date of Executor's Appointment: 10/6/06 The Estate advertisements were in the following publications on the following dates: A. Cumberland Law Journal: 10/20/06 10/27/06 11/3/06 o -....J B. The Sentinel 10/17/06 10/24/06 10/31/06 c:., Accounting for the Period: From October 6, 2006 to March 21, 200?'. Purpose of Account: MidPenn Bank, Executor, offers this account to acquaint interested parties with the transactions that have occurred during its administration. The Accountant also indicates the proposed distribution. It is important that the account be carefully examined. Requests for additional information or questions or objections can be discussed with: James B. pannebaker, Counsel pannebaker and Mohr, P.C. 4000 Vine Street Middletown, PA 17057 (717) 944-1333 1 SUMMARY OF ACCOUNT Principal Receipts Receipts/Assets Add: Income/Interest Total Assets Less Disbursements: Debts of the Decedent Administration Expenses Taxes Total Disbursements Balance Before Distributions Distributions Reserved cash for filing fees, Executor Fee, Tax Returns, and Attorney Fees. Balance Before Distributions Distribution to Beneficiaries Balance After Distributions $152,309.13 3,205.98 $1,778.11 611.87 4,925.90 2 $155,515.11 7,315.88 $148,199.23 - 15,794.68 $132,404.55 -132,404.55 $ 0.00 ---------- ---------- RECEIPT OF PRINCIPAL ASSETS LISTED IN INVENTORY: (VALUED AS OF DATE OF DEATH) 35,000 Shares of Luana Savings Bank $ 35,000.00 30,000 Shares of Bitterroot Valley Bank 30,000.00 30,000 Shares of Bitterroot Valley Bank 30,000.00 40,000 Shares of Western Bank Puerto Rico CD 40,000.00 14,800.51 Shares of Federated Treasury Obligations Fund #398 14,800.51 MidPenn Bank Penn Pal Now Account 967.96 Helen L. Waterman Trust Account 1,507.62 Refund- Milton S. Hershey Medical Center 33.04 TOTAL INVENTORY $152,309.13 ----------- ----------- INTEREST/DIVIDEND INCOME Dividend-Federated Treasury Obligations Fund #398 $ 70.53 Interest-Bank Deposits on Shares of Bitterroot Valley Bk 110.96 Interest-Bank Deposits on Shares of Luana Savings Bnk 103.56 Interest-Bank Deposits on 3 Shares of Bitterroot Valley Bk Dividend-Federated Treasury Obligations Fund #398 Interest-Bank Deposits on Shares of Bitterroot Valley Bk Interest-Bank Deposits on Shares of Luana Savings Bnk Dividend-Ordinary of MPB Penn Pal Now Interest-Bank Deposits on Shares of Bitterroot Valley Bk Dividend-Federated Treasury Obligations Fund #68 Dividend-Federated Treasury Obligations Fund #398 Interest-Bank Deposits on Shares of Bitterroot Valley Bk Interest-Bank Deposits on Shares of Luana Savings Bnk Interest-Bank Deposits on Shares of Bitterroot Valley Bk Interest-Bank Deposits on Western Bank Puerto Rico CD Dividend-Federated Treasury Obligations Fund #68 Dividend-Federated Treasury Obligations Fund #398 Interest-Bank Deposits on Shares of Bitterroot valley Bk 128.22 68.06 114.66 107.01 .09 132.49 1.58 62.56 110.96 103.56 128.22 591.62 4.43 71.06 114.66 4 Interest-Bank Deposits on Shares of Luana Savings Bnk Interest-Bank Deposits on Bitterroot Valley Bk Dividend-Federated Treasury Obligations Fund #68 Dividend-Federated Treasury Obligations Fund # 398 Interest- Bank Deposits on Shares of Luana Savings Bnk Interest- Bank Deposits on Shares of Bitterroot Valley Bk Dividend-Federated Treasury Obligations Fund #68 Dividend-Federated Treasury Obligations Fund #398 Interest- Bank Deposits on Shares of Luana Savings Bnk TOTAL INCOME Country Meadows Associates- Nursing Home Expense Mobile X-Ray Imaging, Inc. MSHMC Medical Expense TOTAL DEBTS 107.01 132.49 8.23 289.22 107.01 132.49 10.19 298.45 96.66 $3,205.98 ========== DEBTS $ 1,712.05 33.02 33.04 $1,778.11 ---------- ---------- 5 ADMINISTRATION EXPENSES Cumberland County Register of Wills $314.00 The Sentinel- Estate Ad 187.85 Cumberland Law Journal- Estate Ad 75.00 postage 2.56 postage 2.46 Cumberland County Register of Wills Filing Fee 30.00 TOTAL ADMINISTRATIVE EXPENSES $611.87 --------- --------- TAXES pennsylvania Inheritance Tax $4,615.90 Fiduciary Tax Return- Helen L. Waterman Trust Account 110.00 Personal Income Tax Return- Helen L. Waterman 200.00 TOTAL TAXES $4,925.90 --------- --------- RESERVED FOR ADMINISTRATION EXPENSES, FEES AND TAX RETURNS Register of Wills - Estimated 6 Filing Fees, for First & Final Account & Releases $ 40.00 Reserve for Fiduciary Tax Return 500.00 MidPenn Bank- Executor's Fee 7,627.34 pannebaker & Mohr, P.C. - Attorneys Fee 7,627.34 Total Reserved For Administrative Expense Fees & Tax Returns $ 15,794.68 ----------- ----------- ESTATE OF HELEN L. WATERMAN PROPOSED DISTRIBUTION TO RESIDUARY HEIRS Name & Address Of Beneficiary George W. Waterman 1000 Bonita Lane McHenry, IL 60050 Relationship Grandson Amount of Share Of The Estate 80% Remainder Distribution Cash $105,923.64 pennsylvania Association for the Blind 90 E. Shady Lane Enola, PA 17025 20% Remainder 26,480.91 TOTAL FOR DISTRIBUTION $132,404.55 ----------- ----------- , --1,/ 1.~ ;) ) /VjjfA---" ~ _-J , d-07J 1 Date Respectfully Submitted: r\ / i ~iJ.L~~ Alice)Camerini, Trust Administrative Officer, MidPenn Bank, Executor 7 IN THE ORPHANS' COURT IN AND FOR THE COUNTY OF CUMBERLAND AND STATE OF PENNSYLVANIA ESTATE OF HELEN L. WATERMAN NO. 2006-00884 CERTIFICATE OF MEMBER OF BAR AND NOW, TO WIT, this 23 day oflnClIC.J/) , 2007, this is to certify that the undersigned, James B. Pannebaker, a practicing attorney in Pennsylvania, being familiar with the administration of the above- captioned Estate and having examined the items of credit and debit set forth and contained in the foregoing First and Final Account of MidPenn Bank, Executor of the Estate of Helen L. Waterman, Deceased, certifies that according to his knowledge, information and belief, all such items are true and correct without any exceptions whatsoever. ~. James B.~ ~ aer, Esquire Panneba~ and Mohr, P.C. I.D. #09667 4000 Vine Street Middletown, PA 17057 (717)944-1333 8 DECLARATION OF EXECUTOR MidPenn Bank, Executor of the Estate of Helen L. Waterman, Deceased, hereby declares under oath [penalties of perjury] that it has fully and faithfully discharged the duties of its office; that the foregoing First and Final Account is true and correct and fully discloses all significant transactions occurring during the accounting period; that all known claims against the Estate have been paid in full; that to its knowledge, there are no claims nqw outstanding against the Estate; and tly due from the Estate have been paid. Q ~. (}~ " Ali. e Camerini, Trust Administrative Officer, MidPenn Bank, Executor of The Estate of Helen L. Waterman SWORN and subscribed to This .;F)/Ld day of 0\ LI..I'L~/Lv ,2007. ~ ~ j. ~ .! I ( -j/ {\J/_~"L] '__. . .~. tL---' Notary Pub]; c ~ COMMONWEALTH OF PENNSYLVANIA Notarial Seal Patsy J. Panza, Notary Public Delaware Twp., Juniata County My Commission Expires Dec. 1, 2010 Member, Pennsylvania Association of Notaries 9 LAW OFFICES OF P ANNEBAKER & MOHR, P .C. FOUR THOUSAND VINE STREET MIDDLETOWN, PENNSYLVANIA 17057-3565 TELEPHONE: 717-944-1333 FAX: 717-944-4004 WEBSlTE: www.pannebakerlaw.com EMAIL: jim@pannebakerlaw.comorkendra@pannebakerlaw.com JAMES B. PANNEBAKER KENDRA A. MOHR April 12,2007 Register of Wills Cumberland County Courthouse 1 Courthouse Square Carlisle, P A 17013 Re: Estate of Helen L. Waterman No. 2006-00884 Dear Sir or Madam: Enclosed please find a Status Report under Rule 6.12, two Receipt and Releases, and an informal accounting to be filed in the above-captioned Estate, along with a check for $30 for the filing fees. Please time-stamp the copies and return them to me in the enclosed envelope. Thank you for your assistance in this matter. If you have any questions, please do not hesitate to contact me. Sincerely yours, <7WL\ Kendra A. Mohr Enclosures