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Home My WebLink About09-06-07 II $ (;;03 Li20. ~\ I DECEDENT'S ESTATE COURT OF COMMON PLEAS OF Cumberland COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION ESTATE OF Catherine P. Hoover , DECEASED No. 21-06-1021 1"""_' ,) -.......J (/) " ) I (-) r 1 PETITION FOR ADJUDICATION I ST A TEMENT OF PROPOSED DISTRIBUTION PURSUANT TO Pa. O.c. Rule 6.9 -, '-0 I C::'-' --, j' .~" i 1 -'-, C) C) This form may be used in all cases involving the Audit of the Account of a Decedent's Estate, If space is insufficient, riders may be attached Attach the spouse's election, if any; the papers required under items 8-19 inclusive; and any instrument pertinent to the adjudication. INCLUDE ATTACHMENTS AT THE BACK OF THIS FORM. Name of Counsel: Robert G. Frey, Esquire Supreme Court I.D. No.: 46397 Name of Law Firm: Frey & Tiley Address: 5 South Hanover Street, Carlisle, Pennsylvania 17013 Telephone: 717-243-5838 Fax: 717-243-6441 Form DC-OJ rev. JO.13.06 Page 1 of 10 . Estate of Catherine P. Hoover , Deceased 1. N ame( s) and address( es) of Petitioner( s): Name: Manufacturers & Traders Trust Co. Address: One West High Street Carlisle. PA 17013 Identify any executors or administrators who have not joined in the Petition for Adjudication and Statement of Proposed Distribution and state reason: Is this the first accounting by this fiduciary? . . . . . . . . . . . . . . . . . . . .. 1ZI Yes 0 No If not, identify prior accountings, the accounting periods covered, and the date of adjudication of the prior accounting. 2. Decedent died on October 26, 2006 IZl Letters Testamentary or o Letters of Administration were granted to Petitioner(s) on Date of Will (if applicable): August 30, 2003 Date(s) of Codicil(s) (if applicable): None Date of probate (if different from date Letters granted): November 17, 2006 Was a bond required? DYes IZl No If yes, state amount: Are proofs of advertising of the grant of Letters attached? ......... 1ZI Yes 0 No Dates of advertising of the grant of Letters: December 8,15,22,29 & January 5,12 Form OC-OJ rev. JO.1306 Page 2 of 10 Estate of Catherine P. Hoover , Deceased 3. Was decedent survived by a spouse? . . . . . . . . . . . . . . . . . . . . . . . . . . . .. D Yes (ZI No If yes, name of the surviving spouse: 4. Has the surviving spouse filed to take an elective share? ............. DYes IZI No (See Section 2201 et~. of the Probate, Estates and Fiduciaries Code) If yes, date of election: 5. In the case of an intestacy, state the names of the decedent's surviving children or surviving issue of deceased children (if none, so state): 6. Did decedent marry after execution of Will or Codicil(s)? . . . . . . . . . .. D Yes IZI No Were any children born to decedent after execution of Will or Codicil(s)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 Yes (ZI No If yes, give names and dates of birth: Name: Date of Birth: 7. If required by the Medical Assistance Estate Recovery Act, 62 P.S. 9 1412, was a request for a statement of claim sent to the Department of Public Welfare? . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. (ZIYes D No Farm OC-O I rev. 10.13. 06 Page 3 of 10 Estate of Catherine P. Hoover , Deceased 8. Written notice of the Audit as required by Pa. O.c. Rules 6.3, 6.7 and 6.8 has been or will be given to all parties in interest listed in item 9 below, all unpaid creditors and all claimants listed in item 10 below. In addition, notice of any questions requiring Adjudication as discussed in item 14 below has been or will be given to all persons affected thereby. A. If Notice has been given, attach a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice. B. If Notice is yet to be given, a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice shall be submitted at the Audit together with a statement executed by a Petitioner or counsel certifying that such notice has been given. C. If any person entitled to Notice is not sui juris (e.g., minors or incapacitated persons), Notice of the Audit has been or will be given to the appropriate representative on such party's behalf as required by Pa. O.C. Rule 5.2. D. If any charitable interest is involved, Notice of the Audit has been or will also be given to the Attorney General as required under Pa. O.C. Rule 5.5. In addition, the Attorney General's clearance certificate (or proof of service of Notice and a copy of such Notice) must be submitted herewith or at the Audit. 9. List all parties (charitable and non-charitable) of whom Petitioner(s) has/have notice or knowledge, having or claiming any interest in the estate as beneficiaries under the Will or Codicil(s) or as intestate heirs ifthere is a complete or partial intestacy: A. State each party's relationship to the decedent and the nature of each party's interest( s): Name and Address of Each Party in Interest Relationship and Comments, if anv Interest Miriam E. Hoover One West High Street Carlisle, P A 17013 Sister 100% Form OC-OJ rev. JO.13.06 Page 4 ofl 0 Estate of Catherine P. Hoover , Deceased Name and Address of Each Party in Interest Relationshio and Comments, if any Interest B. Identify each party who is not sui juris (e.g., minors or incapacitated persons). F or each such party, give date of birth, the name of each Guardian and how each Guardian was appointed, If no Guardian has been appointed, identify the next of kin of such party, giving the name, address and relationship of each. N/A C. State why a Petition for Guardian/Trustee Ad Litem has or has not been filed for this Audit (see Pa. o.c. Rule 12.4). N/A D. If distribution is to be made to the personal representative of a deceased party, state date of death, date and place of grant of Letters and type of Letters granted. Miriam E. Hoover died April 20, 2007 naming Manufacturers & Traders Trust Company, Executor. Letters Testamentary were granted May 16, 2007 by the Register of Wills of Cumberland County, Pennsylvania. Form OC-O! rev. 10.13.06 Page 5 of 10 Estate of Catherine P. Hoover , Deceased 10. Other than the claim for the family exemption, list the names of all known claimants and the amount of their claims and state whether each claim is admitted. Name and Address of Each Claimant Amount of Claim ClaIm Will Claim Admitted? Be Paid In Fu[[? None DYes DYes DNa DNo DYes DYes DNa DNo DYes DYes DNo DNo DYes DYes DNa DNo If the estate is insolvent, attach a schedule setting forth the order of preference under 20 Pa.C.S. S 3392 and the proposed payments. 11. Was family exemption claimed? DYes [Z]No Was family exemption allowed? DYes DNo Family exemption claimant's name and relationship: Name: Relationship: Form DC-OI rev. 10. I3.06 Page 6 of 10 Estate of Catherine P. Hoover , Deceased 12. The amount of Pennsylvania Transfer Inheritance Tax and additional Pennsylvania Estate Tax paid, the date(s) of payment(s), and the interest(s) upon which paid, are as follows: Date Payment Interest January 24, 2007 69,000.00 None 13. On the date of death, was the decedent a fiduciary (personal representative, trustee, guardian, agent under power of attorney) or surety on the bond of a fiduciary? .. . . . . . . . . . . . . . . . . . DYes IZJ No If yes, provide the name of the estate, indicate whether an account has been filed and confirmed absolutely and all awards performed, or, in the alternative, how the decedent's estate will be discharged for the decedent's fiduciary administration of the estate. 14. A. Describe in detail any questions requiring adjudication and state the position of the Petitioner(s) as to each question: None B. Has notice of the question requiring adjudication been given to the parties identified in Paragraph 9 above? .................. D Yes 0 No 15. IfPetitioner(s) has/have knowledge that a share has been assigned, renounced, disclaimed or attached, provide a copy of the assignment, renunciation, disclaimer or attachment, together with any relevant supporting documentation. Form OC-OI rev. 10.13.06 Page 7 of 10 Estate of Catherine P. Hoover , Deceased 16. Had the decedent been adjudicated an incapacitated person? . . . . . . . . . . IZ] Yes D No If yes, attach a copy of the Order if available; otherwise state the Court, term, number, date, and name of Hearing Judge. 17. A. List or attach a separate list of additional receipts and disbursements since the closing date of the Account. None B. Has notice of the additional receipts and disbursements been given to the parties identified in Paragraph 9 above? ............. 0 Yes 0 No 18. If a reserve is requested, state amount and purpose. Amount: 3,000.00 Purpose. Filing of First & Final Account Fees If a reserve is requested for counsel fees, has notice of the amount of fees to be paid from the reserve been given to the parties in interest? ........................................ DYes [Z]No If so, attach a copy of the notice. 19. Is the Court being asked to direct the filing of a Schedule of Distribution? IZ]Yes DNo As to real estate only? ....................................... . DYes [Z] No Form DC-OJ rev. JO.1306 Page 8 of 10 Estate of Catherine P. Hoover , Deceased Wherefore, your Petitioner(s) ask(s) that distribution be awarded to the parties entitled and suggest(s) that the distributive shares of income and principal (residuary shares being stated in proportions, not amounts) are as follows: A. Income: Proposed Dlstributee(s) Amount/Proportion Estate of Miriam E. Hoover 100% B. Principal: Proposed Distributee(s) Amount/Proportion Estate of Miriam E. Hoover 100% Submitted By: (All petitioners must sign. Add additional lines ifnecessary): Na Name of Petitioner: Form DC-OJ rev. 10.1306 Page 9 of 10 Estate of Catherine P. Hoover , Deceased Verification of Petitioner (Verification must be by at least one petitioner.) The undersigned hereby verifies * [that he/she He is tule Vice President of the above-named name of corporation Manufacturers & Traders Trust Co. and] that the facts set forth in the foregoing Petition for Adjudication / Statement of Proposed Distribution which are within the personal knowledge of the Petitioner are true, and as to facts based on the information of others, the Petitioner, after diligent inquiry, believes them to be true; and that any false statements herein are made subject to the penalties of 18 Pa. C.S. S 4904 (relating to unsworn falsification to authorities). Signat * Corporate petitioners must complete bracketed information. Certification of Counsel The undersigned counsel hereby certifies that the foregoing Petition for Adjudication! Statement of Proposed Distribution is a true and accurate reproduction of the form Petition authorized by the Supreme Court, and that no changes to the form have been made beyond the responses herein. ignature of Counsel for Petitioner Form DC-OJ rev. JO.13.06 Page 100f10 PROOF OF PUBLICATION OF NOTICE IN CUMBERLAND LA'V JOURNAL (Under Act No. 587, approved May 16,1929), P. L.1784 COMMONWEAL TH OF PENNSYLVANIA ss. COUNTY OF CUMBERLAND Lisa Marie Coyne, Esquire, Editor of the Cumberland Law Journal, of the County and State aforesaid, being duly sworn, according to law, deposes and says that the Cumberland Law Journal, a legal periodical published in the Borough of Carlisle in the County and State aforesaid, was established January 2, 1952, and designated by the local courts as the official legal periodical for the publication of all legal notices, and has, since January 2, 1952, been regularly issued weekly in the said County, and that the printed notice or publication attached hereto is exactly the same as was printed in the regular editions and issues of the said Cumberland Law Journal on the following dates, VIZ: December 29,2006 & January 5, 12,2007 Affiant further deposes that he is authorized to verify this statement by the Cumberland Law Journal, a legal periodical of general circulation, and that he is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statements as to time, place and character of publication are true. SWORi~ TO AND SUBSCRIBED before me this 12 day of Januarv, 2007 Hoover, Catherine P., dec'd. Late of Dickinson Township. Executor: Manufacturers & Traders Trust Company, 1 W. High Street. P.O. Box 220, Carlisle, PA 17013. Attorneys: Robert G. Frey, Es- quire. Frey & Tiley, 5 S. Hanover Street. Carlisle. PA 17013. ~~~~~ NOTARiAL SEAL LOIS E. SNYDEP., Notary Public Carlisle Boro, Cumberland County M',' Commission Ei!1in:;s \v1r.:o!ch :) 20:.;(" J PROOF OF PUBLICATION State of Pennsylvania, COllnty of Cumberland Tammv Shoemaker, Classified Advertising Manager, of The Sentinet of the County and State aforesaid, being duly sworn, deposes and says that THE SENTII\IEL, a newspaper of general circulation in the Borough of Carlisle, County and State aforesaid, was established December 13th, 1881, since which date THE SENTINEL has been regularly issued in said County, and that the printed notice or publication attached hereto is exactly the same as was printed and published in the regular editions and issues of THE SENTINEL on the following day(s) Dccenlbcr OS, 15,22,2006 COpy OF NOTICE OF PUBLICA nON EXECUTOR NOTICE . Lellers Testamentary on the Estate of CATHERINE P. HOOVER, late of Dickinson Township, Cumberland County, Pennsylvania. deceased, have been granted to the underSigned , . ! All persons kno,,:,"ing themselves to be indebted 10 the I said ESlal.e will make payment immediately, and I those haVing claims will presenlthem for selllement . to i Manufacturers and Traders Trust Campa,\\, I One Wesl High Street P.O. Box 220 Carlisle, PA 17013 Affiant further deposes that he/ she is not interested in the subject matter of the aforesaid notice or advertisement and that all allegations in the foregoing statement as to time, place and character of p1lication are tr'-;le r ~Chvtf1C1~ bk&(\~tyI-, Allornery: RobertG.Frey, Esquire Sworn to and subscribed before me this 27th. day of December 2006. C'-AvAbAdJ t. WUP-.- Notary P lic My commission expires: Cf/'! 08 COMMONWEALTH OF PENNSYLVANIA Notarial Seal Chnstina L Wdle, Notary Public Carlisle Bora, Cumbel1and County My Commission Expires Sept 1, 2008 Member. Pennsy'v~nla Assoclat'on Of Notafle5 INRE: IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CATHERINE HOOVER, An alleged incapacitated person ORPHANS' COURT DNISION : NO. 21-05-0769 FINAL DECREE AND NOW, this 2...1 day of September, 2005, this matter having been called for a hearing, the Court fin. ds, upon clear and c~nvincing evidence, that Catherine Hoover ..... ./,/"~? ~~ a.x~-t- ~'---:r:7/ is an incapacitated person l:o'that she suffers from a mental impairment that prevents her '~r '- from receiving and evaluating information effectively and prevents her from formulating and communicating decisions to such a significant extent that she is unable to manage her financial affairs or meet essential requirements for her physical health and safety on a daily basis. The Court appoints Mary Means as Permanent Plenary Guardian of the Person of Catherine Hoover and M&T Bank as Permanent Plenary Guardian of the Estate of Catherine Hoover. In the event that Mary Means decides to move Catherine Hoover from any nursing home facility, she is directed to notify the Area Agency on Aging, in and for Cumberland County, prior to doing so. F B~!4~ Edgar B. Bayley, "-") J. l Anthony L. DeLuca, Esquire For Area Agency on Aging (, ~, - Area Agency on Aging A TRUE COpy FROM RECORD In Testimony wherot, I hereunto set my hand and the seal of said Court at Carlisle, PA ~~'i.Sj ~dayof ~\~. 20~~ .-. ~~~~~;h~~ 0 Cumberland County ~ c..-X .'< ~ , \) ~ Robert G. Frey, Esquire Court-Appointed for Catherine Hoover COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NO. 21- 06 -1 0 21 ESTATE OF CATHERINE P. HOOVER, DECEASED --------------------------------------- --------------------------------------- FIRST AND FINAL ACCOUNT OF Manufacturers and Traders Trust Company, Executor -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Date of Death: October 26, 2006 Date of Executor's Appointment: November 17, 2006 Date of First Advertisement of Letters: The Sentinel Cumberland Law Journal December 8,15,22, 2006 December 29, 2006 & January 5,12, 2007 Accounting for the period: October 26, 2006 to August 10, 2007 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Purpose of Account: Manufacturers and Traders Trust Company, Executor, offers this account to acquaint interested parties with the transactions that have occurred during this administration. It is important that the account be carefully examined. Requests for additional information or questions or objections can be discussed with: Manufacturers and Traders Trust Company 1 West High Street Carlisle, PA 17013 (717) 240-4505 or Robert G. Frey, Esquire 5 South Hanover Street Carlisle, PA 17013 SUMMARY OF ACCOUNT Estate of Catherine P. Hoover, Deceased For Period of 10/26/2006 through 08/10/2007 Proposed Distributions to Beneficiaries PRINCIPAL Receipts: Per Inventory Filed 3-4 Subseq Prn Receipts 5 Net Gain (or Loss) on Sales or Other Disposition Less Disbursements: Debts of Decedent Funeral Expenses Administration Expenses Federal and State Taxes Fees and Commissions Family Exemption Balance before Distributions Distributions to Beneficiaries principal Balance on Hand For Information: Investments Made Changes in Investment Holdings INCOME Receipts: This Account Net Gain (or Loss) on Sales or Other Disposition Less Disbursements Balance Before Distribution Distributions to Beneficiaries Income Balance on Hand Investments Made Changes in Investment Holdings COMBINED BALANCE ON HAND Page 24 6-9 10 11 11-12 12 12 13 14 15-18 19-20 21 22 23 2 Current Value Fiduciary Acquisition Value 528,118.26 527,804.99 --------------- --------------- --------------- --------------- 8,677.38 7,919.80 8,240.67 69,000.00 35,000.00 0.00 650,451.61 74.43 1,753.84 652,279.88 128,837.85 523,442.03 0.00 523,442.03 11,150.43 0.00 11,150.43 1,259.36 9,891.07 5,528.11 4,362.96 527,804.99 RECEIPTS OF PRINCIPAL Assets listed in the Inventory and Appraisement as filed: CASH: $36,000 Flagstar Bank Certificate of Deposit 4.15% due 8/21/07 - Date of Death Value Accrued Interest Mary Means, Guardian - Refund of Cash Received from Catherine P. Hoover Guardianship Account - Principal Cash Received from Catherine P. Hoover Guardianship Account - Income Cash STOCKS/LISTED: 173.893 shares Alpine IntI Real Estate Equity Fund - Date of Death Value 311.952 shares CRM Mid Cap Value Fd-Instl #32 - Date of Death Value 1,063.994 shares Evergreen International Bond Fund -In - Date of Death Value 537.582 shares Goldman Sachs High Yield Fd #527 - Date of Death Value 6,784.219 shares MTB Short Duration Government Bond Inst I Fund #120 - Date of Death Value 3 35,659.01 269.75 256.27 14,397.19 14,295.61 6,515.77 9,536.37 11,108.10 4,316.78 64,721.45 Fiduciary Acquisition Value 64,877.83 1,509.476 shares MTB International Equity-Inst I Fund #270 - Date of Death Value 722.289 shares MTB Large Cap Value-Inst I Fund #327 - Date of Death Value 4,329.293 shares MTB Short Term Corporation Bd-Inst 1-#518 - Date of Death Value 957.053 shares MTB Small Cap Stock-Inst I Fund #571 - Date of Death Value 6,036.874 shares MTB Intermediate Term Bond-Inst I Fund #220 - Date of Death Value 876.112 shares MTB Large Cap Stock Inst I Fund #315 - Date of Death Balance 571 shares Northeast Investors Trust - Date of Death Value 270.728 shares The Boston Co. International Small Cap Fund - Date of Death Value 253.492 shares Thompson Plumb Growth Fund - Date of Death Value 86.048 shares Vanguard #94 Institutional Index Fund - Date of Death Value BONDS: $15,000 Ford Motor Credit 4.95% due 1/15/08 - Date of Death Value Accrued Interest REAL ESTATE/PA: 1/4 Interest 80 N. Dickinson School Road, Carlisle, PA 17013 - Date of Death Value 4 19,109.97 9,613.67 42,340.49 9,493.97 58,919.89 7,788.64 4,396.70 6,849.42 12,608.69 10,933.26 14,612.30 208.31 292,500.00 278,253.17 14,820.61 292,500.00 SUBSEQUENT PRINCIPAL RECEIPTS: 12/18/06 $15,000 Ford Motor Credit 4.95% due 1/15/08 - Accreted Discount 44.43 05/07/07 Internal Revenue Service - 2006 Federal Income Tax Refund 30.00 TOTAL RECEIPTS OF PRINCIPAL............... 5 74.43 650,526.04 GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS - PRINCIPAL Gain Loss 10/30/06 191.293 shares CRM Mid Cap Value Fd-Instl #32 Net Proceeds 5,824.86 Fid. Acq. Value 5,847.83 22.97 10/30/06 537.582 shares Goldman Sachs High Yield Fd #527 Net Proceeds 4,322.16 Fid. Acq. Value 4,316.78 5.38 10/30/06 974.063 shares MTB Short Duration Government Bond Inst I Fund #120 Net Proceeds 9,302.30 Fid. Acq. Value 9,292.57 9.73 10/30/06 21.625 shares MTB International Equity-Inst I Fund #270 Net Proceeds 271.82 Fid. Acq. Value 273.78 1. 96 10/30/06 596.243 shares MTB Short Term Corporation Bd-Inst 1-#518 Net Proceeds 5,837.22 Fid. Acq. Value 5,831.27 5.95 10/30/06 512.557 shares MTB Small Cap Stock-Inst I Fund #571 Net Proceeds 5,023.06 Fid. Acq. Value 5,084.57 61.51 10/30/06 217.934 shares MTB Large Cap Stock Inst I Fund #315 Net Proceeds 1,920.00 Fid. Acq. Value 1,937.44 17.44 10/30/06 571 shares Northeast Investors Trust Net Proceeds 4,396.70 Fid. Acq. Value 4,396.70 0.00 6 10/30/06 67.257 shares The Boston Co. International Small Cap Fund Net Proceeds 1,685.46 Fid. Acq. Value 1,701.61 16.15 10/30/06 46.789 shares Thompson Plumb Growth Fund Net Proceeds 2,313.71 Fid. Acq. Value 2,327.29 13.58 11/28/06 173.893 shares Alpine IntI Real Estate Equity Fund Net Proceeds 6,746.72 Fid. Acq. Value 6,515.77 230.95 11/28/06 120.659 shares CRM Mid Cap Value Fd-Instl #32 Net Proceeds 3,742.84 Fid. Acq. Value 3,688.54 54.30 11/28/06 2,654.708 shares Evergreen International Bond Fund -In Net Proceeds 28,431.92 Fid. Acq. Value 27,794.69 637.23 11/28/06 5,810.156 shares MTB Short Duration Government Bond Inst I Fund #120 Net Proceeds 55,603.19 Fid. Acq. Value 55,428.88 174.31 11/28/06 1,487.851 shares MTB International Equity-Inst I Fund #270 Net Proceeds 18,865.95 Fid. Acq. Value 18,836.19 29.76 11/28/06 1,049.306 shares MTB Large Cap Value-Inst I Fund #327 Net Proceeds 13,714.43 Fid. Acq. Value 13,927.02 212.59 11/28/06 3,733.05 shares MTB Short Term Corporation Bd-Inst 1-#518 Net Proceeds 36,621.22 Fid. Acq. Value 36,509.22 112.00 7 11/28/06 444.496 shares MTB Small Cap Stock-Inst I Fund #571 Net Proceeds 4,422.74 Fid. Acq. Value 4,409.40 13.34 11/28/06 1,205.288 shares MTB Income-Inst I Fund #143 Net Proceeds 11,763.61 Fid. Acq. Value 11,667.19 96 .42 11/28/06 6,036.874 shares MTB Intermediate Term Bond-Inst I Fund #220 Net Proceeds 59,463.21 Fid. Acq. Value 58,919.89 543.32 11/28/06 658.178 shares MTB Large Cap Stock Inst I Fund #315 Net Proceeds 5,824.88 Fid. Acq. Value 5,851.20 26.32 11/28/06 570.092 shares T. Rowe Price Inst L/C Growth Net Proceeds 8,197.92 Fid. Acq. Value 8,021.19 176.73 11/28/06 203.471 shares The Boston Co. International Small Cap Fund Net Proceeds 5,210.89 Fid. Acq. Value 5,147.81 63.08 11/28/06 206.703 shares Thompson Plumb Growth Fund Net Proceeds 10,227.66 Fid. Acq. Value 10,281.40 53.74 11/28/06 86.048 shares Vanguard #94 Institutional Index Fund Net Proceeds 10,898.84 Fid. Acq. Value 10,933.26 34.42 8 12/18/06 $15,000 Ford Motor Credit 4.95% due 1/15/08 Net Proceeds Fid. Acq. Value 14,718.75 14,656.73 TOTAL GAINS AND LOSSES/PRINCIPAL. . . . . . . . . . . LESS LaSS............................. NET GAIN OR LOSS. . . . . . . . . . . . . . . . . . . . . . . . . . . 9 62.02 2,214.52 460.68 1,753.84 -------------- -------------- 460.68 11/21/06 11/21/06 11/21/06 11/27/06 12/13/06 01/19/07 02/16/07 03/12/07 03/15/07 04/02/07 04/09/07 04/17/07 04/20/07 04/30/07 05/17/07 06/15/07 07/18/07 DISBURSEMENTS OF PRINCIPAL DEBTS OF DECEDENT Alert Pharmacy Services, Inc. - Pharmaceuticals Mary Means, Guardian - Reimbursement for Mileage Messiah Village - Convalescent Home Expense Patrick F. Noone - Appraisal Fee for 1/4 Interest 80 N. Dickinson School Road, Carlisle, PA 17013 Met-Ed - Utility Payment Met-Ed - Utility Payment Met-Ed - Utility Payment Mobile X-Ray Imaging Inc. - Medical Expense Met-Ed - Utility Payment PA Department of Revenue - 2006 Individual Income Tax - Balance due Smith, Elliott, Kearns & Co., LLC - preparation Fee for 2006 Tax Returns Met-Ed - Utility Payment Carolyn McQuillen - Prorated share of 2007 Real Estate Taxes Capital Area Health Associates - Medical Expense Met-Ed - Utility Payment Met-Ed - Utility Payment Met-Ed - Utility Payment 82.05 903.35 3,220.28 3,200.00 121.08 7.14 7.17 22.81 7.17 627.00 215.00 7.17 204.21 29.94 7.93 7.54 TOTAL DEBTS OF DECEDENT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.54 10 8,677.38 11/27/06 01/31/07 10/26/06 11/16/06 12/06/06 01/03/07 05/02/07 05/08/07 05/30/07 06/18/07 07/10/07 07/16/07 07/24/07 FUNERAL EXPENSES Hoffman-Roth Funeral Home, Inc. - Funeral Expense 6,262.80 Carlisle Memorial Service, Inc. - Downpayment on Cemetery Memorial 1,657.00 TOTAL FUNERAL EXPENSES.............................. ADMINISTRATION EXPENSES cumberland County Register of wills - Filing Fee for First and Partial Account for Guardianship 380.00 Cumberland County Register of wills - Probate Fee 514.00 Cumberland Law Journal - Cost of Advertising and Proof of publication 75.00 The Sentinel - Cost of Advertising and Proof of publication 137.03 Cumberland County Register of wills - Filing Fee for PA Inheritance Tax Return 15.00 Cumberland County Register of Wills - Additional Probate Fee 50.00 Gilbert Landscaping LLC - Lawn Care 52.47 Gilbert Landscaping LLC - Lawn Care 269.24 The York Newspaper Company - Cost of Advertising Real Estate 955.32 Mid-Atlantic Newspaper Service Inc. - Cost of Advertising for Farm Sale 2,590.68 Gilbert Landscaping LLC - Clean up at Hoover Farm 44.52 11 7,919.80 07/24/07 01/24/07 Gilbert Landscaping LLC - Lawn Care at Hoover Farm 157.41 Reserves: Cumberland County Register of Wills - Filing Fees 3,000.00 TOTAL ADMINISTRATION EXPENSES....................... FEDERAL AND STATE TAXES Cumberland County Register of wills - Estimated PA Inheritance Tax Payment 69,000.00 TOTAL FEDERAL AND STATE TAXES....................... FEES AND COMMISSIONS Reserves: Manufacturers and Traders Trust Company - Executor Fee 24,000.00 Robert G. Frey, Esquire - Attorney Fee 11,000.00 TOTAL FEES AND COMMISSIONS.......................... TOTAL DISBURSEMENTS OF PRINCIPAL.................... 12 8,240.67 69,000.00 35,000.00 128,837.85 PRINCIPAL BALANCE ON HAND # Units Description MTB Money Market-Inst I Fund #420 $36,000 Flagstar Bank Certificate of Deposit 4.15% due 8/21/07 1/4 Interest 80 N. Dickinson School Road, Carlisle, PA 17013 Current Value or as Noted 195,283.02 35,972.28 292,500.00 Fiduciary Acquisition Value 195,283.02 35,659.01 292,500.00 523,755.30 523,442.03 --------------- --------------- --------------- --------------- 13 10/30/06 10/30/06 10/30/06 10/30/06 INVESTMENTS MADE - PRINCIPAL # Units Cost 1,590.714 shares Evergreen International Bond Fund -In - shares purchased 16,686.59 570.092 shares T. Rowe Price Inst L/C Growth - shares purchased 8,021.19 327.017 shares MTB Large Cap Value-Inst I Fund #327 - shares purchased 4,313.35 1,205.288 shares MTB Income-Inst I Fund #143 - shares purchased 11,667.19 14 CHANGES IN INVESTMENT HOLDINGS - PRINCIPAL Cost $15,000 Ford Motor Credit 4.95% due 1/15/08 10/26/06 12/18/06 12/18/06 inventoried accreted discount sold 14,612.30 44.43 (14,656.73) 0.00 $36,000 Flagstar Bank Certificate of Deposit 4.15% due 8/21/07 10/26/06 inventoried 35,659.01 35,659.01 1/4 Interest 80 N. Dickinson School Road, Carlisle, PA 17013 10/26/06 inventoried 292,500.00 292,500.00 Alpine Intl Real Estate Equity Fund 10/26/06 11/28/06 173.893 shares inventoried (173.893)shares sold 6,515.77 (6,515.77) o 0.00 CRM Mid Cap Value Fd-Instl #32 10/26/06 10/30/06 11/28/06 311.952 shares inventoried (191.293)shares sold (120.659)shares sold 9,536.37 (5,847.83) (3,688.54) o 0.00 15 Evergreen International Bond Fund -In 10/26/06 10/30/06 11/28/06 1,063.994 shares inventoried 1,590.714 shares purchased (2,654.708)shares sold 11,108.10 16,686.59 (27,794.69) o 0.00 -------------- -------------- Goldman Sachs High Yield Fd #527 10/26/06 10/30/06 537.582 shares inventoried (537.582)shares sold 4,316.78 (4,316.78) o 0.00 -------------- -------------- MTB Short Duration Government Bond Inst I Fund #120 10/26/06 10/30/06 11/28/06 6,784.219 shares inventoried (974.063)shares sold (5,810.156)shares sold 64,721.45 (9,292.57) (55,428.88) o 0.00 -------------- -------------- MTB International Equity-Inst I Fund #270 10/26/06 10/30/06 11/28/06 1,509.476 shares inventoried (21.625)shares sold (1,487.851)shares sold 19,109.97 (273.78) (18,836.19) o 0.00 MTB Large Cap Value-Inst I Fund #327 10/26/06 10/30/06 11/28/06 722.289 shares inventoried 327.017 shares purchased (l,049.306)shares sold 9,613.67 4,313.35 (13,927.02) o 0.00 16 MTB Short Term Corporation Bd-Inst I-#518 10/26/06 10/30/06 11/28/06 4,329.293 shares inventoried (596.243)shares sold (3,733.05)shares sold 42,340.49 (5,831.27) (36,509.22) o 0.00 -------------- -------------- MTB Small Cap Stock-Inst I Fund #571 10/26/06 10/30/06 11/28/06 957.053 shares inventoried (512.557)shares sold (444.496)shares sold 9,493.97 (5,084.57) (4,409.40) o 0.00 -------------- -------------- MTB Income-Inst I Fund #143 10/30/06 11/28/06 1,205.288 shares purchased (l,205.288)shares sold 11,667.19 (11,667.19) o 0.00 MTB Intermediate Term Bond-Inst I Fund #220 10/26/06 11/28/06 6,036.874 shares inventoried (6,036.874)shares sold 58,919.89 (58,919.89) o 0.00 MTB Large Cap Stock Inst I Fund #315 10/26/06 10/30/06 11/28/06 876.112 shares inventoried (217.934)shares sold (658.178)shares sold 7,788.64 (1,937.44) (5,851.20) o 0.00 Northeast Investors Trust 10/26/06 10/30/06 571 shares inventoried (571)shares sold 4,396.70 (4,396.70) o 0.00 17 T. Rowe Price Inst L/C Growth 10/30/06 11/28/06 570.092 shares purchased (570.092)shares sold 8,021.19 (8,021.19) o 0.00 -------------- -------------- -------------- -------------- The Boston Co. International Small Cap Fund 10/26/06 10/30/06 11/28/06 270.728 shares inventoried (67.257)shares sold (203.471)shares sold 6,849.42 (1,701.61) (5,147.81) o 0.00 -------------- -------------- Thompson Plumb Growth Fund 10/26/06 10/30/06 11/28/06 253.492 shares inventoried (46.789)shares sold (206.703)shares sold 12,608.69 (2,327.29) (10,281.40) o 0.00 -------------- -------------- vanguard #94 Institutional Index Fund 10/26/06 11/28/06 86.048 shares inventoried (86.048)shares sold 10,933.26 (10,933.26) o 0.00 18 RECEIPTS OF INCOME INTEREST $15,000 Ford Motor Credit 4.95% due 1/15/08 12/18/06 107.25 $36,000 Flagstar Bank Certificate of Deposit 4.15% due 8/21/07 02/22/07 483.39 Goldman Sachs High Yield Fd #527 11/01/06 26.29 MTB Short Duration Government Bond Inst I Fund #120 11/01/06 12/01/06 223.39 174.12 397.51 MTB Short Term Corporation Bd-Inst 1-#518 11/01/06 12/01/06 140.03 80.91 220.94 MTB Income-Inst I Fund #143 11/01/06 12/01/06 12/01/06 2.95 29.60 39.96 72.51 MTB Intermediate Term Bond-Inst I Fund #220 11/01/06 12/01/06 220.62 193.70 414.32 19 MTB Money Market-Inst I Fund #420 12/01/06 01/02/07 02/01/07 03/01/07 04/02/07 05/01/07 06/01/07 07/02/07 08/01/07 172.47 1,253.43 1,212.61 904.43 998.68 970.20 987.56 959.94 988.59 MTB Prime Money Market-Inst Fund #142 11/01/06 12/01/06 01/02/07 130.35 37.28 0.18 TOTAL INTEREST INCOME..................... OTHER INCOME Hoover Farm - 1/4 Rent Payment 12/18/06 TOTAL OTHER INCOME........................ TOTAL RECEIPTS OF INCOME.................. 20 8,447.91 167.81 10,337.93 -------------- -------------- 812.50 812.50 11,150.43 DISBURSEMENTS OF INCOME 11/15/06 Manufacturers and Traders 424.45 Trust Company - Guardianship Fee 12/15/06 Manufacturers and Traders 250.00 Trust Company - Trustee Fee 12/15/06 Manufacturers and Traders 34.82 Trust Company - Trustee Fee 01/16/07 Manufacturers and Traders 142.89 Trust Company - Trustee Fee 02/15/07 Manufacturers and Traders 72.76 Trust Company - Trustee Fee 03/15/07 Manufacturers and Traders 99.46 Trust Company - Trustee Fee 04/16/07 Manufacturers and Traders 59.92 Trust Company - Trustee Fee 05/15/07 Manufacturers and Traders 58.21 Trust Company - Trustee Fee 06/15/07 Manufacturers and Traders 59.25 Trust Company - Trustee Fee 07/16/07 Manufacturers and Traders 57.60 Trust Company - Trustee Fee -------------- TOTAL DISBURSEMENTS OF INCOME. . . . . . . . . . . . . . . . . . 1,259.36 -------------- -------------- 21 Miriam E. Hoover 12/20/06 03/20/07 DISTRIBUTIONS OF INCOME TO BENEFICIARIES Distribution 1,719.43 Distribution 3,808.68 TOTAL DISTRIBUTIONS TO BENEFICIARIES...... 22 5,528.11 5,528.11 -------------- -------------- # Units Description INCOME BALANCE ON HAND MTB Money Market-Inst I Fund #420 23 Current Value or as Noted 4,362.96 Fiduciary Acquisition Value 4,362.96 4,362.96 4,362.96 --------------- --------------- --------------- --------------- # Units PROPOSED DISTRIBUTIONS TO BENEFICIARIES Current Value Manufacturers and Traders Trust Company, Executor of the Estate of Miriam E. Hoover - Entire Residue -------------------------------------------- Principal: MTB Money Market-Inst I Fund #420 $36,000 Flagstar Bank Certificate of Deposit 4.15% due 8/21/07 1/4 Interest 80 N. Dickinson School Road, Carlisle, PA 17013 Income: MTB Money Market-Inst I Fund #420 or as Noted 195,283.02 35,972.28 292,500.00 4,362.96 Fiduciary Acquisition Value 195,283.02 35,659.01 292,500.00 4,362.96 528,118.26 527,804.99 528,118.26 527,804.99 -------------- -------------- -------------- -------------- 24 , . AFFIDAVIT Manufacturers and Traders Trust Company, Executor under the Last will and Testament of CATHERINE P. HOOVER, deceased, hereby declares under oath that it has fully and faithfully discharged the duties of its office; that the foregoing 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 now outstanding against the Estate; that all taxes presently due from the Estate have been paid; and that more than four months have elapsed since the first complete advertisement of the granting of letters in this Estate. _hm d C J/id! 1//' Manufa turers and ,trade Trust Company Subscribed and sworn to by , vk before me this (C I day , ~ _c. c-;::t,., Ii. Of~,u<..AiIil.X-,~U, 2007. ~~O.D,>-- E: j(:I2Lc~", ~ Public COMMONWEALTH OF PENNSYLVANIA Notarial Seal Gwendolyn E. Killian, Notary Public Car1isle Boro, Cumberland County My Commission Expires Nov. 22, 2008 Member, Pennsylvania Association 01 Notaries 25