HomeMy WebLinkAbout09-07-07
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IN THE COURT OF COMMON PLEAS
OF
CUMBERLAND COUNTY, PENNSYLVANIA
IN RE: ESTATE OF
MARGARET T. WELLINGTON,
DECEASED
ORPHANS' COURT DIVISION
No. 21-06-0288
F AMIL Y SETTLEMENT AGREEMENT
filed on behalf of
CHARLES H. WELLINGTON and MARY GA Y WELLINGTON GEIGEL,
CO-EXECUTORS
Counsel of Record for the Co-Executors:
G. Thomas Miller, Esquire
Miller and Miller
1 South York Road
Dillsburg, P A 170 19
Supreme Court ID # 07219
(717) 920-5500
1
FAMILY SETTLEMENT AGREEMENT
This is an Agreement by and among Charles H. Wellington and Mary Gay Wellington
Geigel, individually and as Co-Executors of the Estate of MARGARET T. WELLINGTON,
Deceased, and Manufacturers and Traders Trust Co., Trustee, One West High Street, P.O. Box 220,
Carlisle, P A 17013, appointed with respect to the testamentary trust for the benefit of John S.
Wellington, Jr., established by the Will of Margaret T. Wellington, who do covenant and agree as
follows:
WITNESSETH
WHEREAS, MARGARET T. WELLINGTON, died March 25, 2006, having left
her Last Will and Testament dated October 9, 1997, which was duly admitted to probate by the
Register of Wills of Cumberland County at the above number and term on March 31, 2006; and
WHEREAS, all beneficiaries under the Will have been properly notified of their
respective beneficial interests under the Will and have been provided with a copy of the Will; and
WHEREAS, Charles H. Wellington and Mary Gay Wellington Geigel, have been
duly appointed and qualified as Co-Executors of the Estate of MARGARET T. WELLINGTON,
Deceased; and
WHEREAS, all the parties in interest under the Last Will and Testament of
MARGARET T. WELLINGTON, Deceased, are:
N
Add
R l' h'
Sh
ame ress e atlOns lp are
Charles H. Wellington 734 Church Road Son 1I3rd of Residue
York, PA 17404
Mary Gay Wellington 2367 Canterbury Road Daughter 1I3rd of Residue
Geigel University Heights, OH
44118
Manufacturers and One West High Street, Trustee of the 1/3rd of Residue,
Traders Trust Co., P.O. Box 220, trust for John S. in trust
Trustee, for the benefit of Carlisle, P A 17013 Wellington, Jr.
John S. Wellington, Jr.,
son of decedent
WHEREAS, MARGARET T. WELLINGTON, Deceased, was not survived by a
spouse; and
WHEREAS, there were no unfulfilled specific bequests; and
2
WHEREAS, notices of the Estate have been duly published in the Cumberland Law
J oumal and The Sentinel as evidenced by the proofs of publication attached hereto as Exhibits 1 and
2 respectively; and
WHEREAS, the statute oflimitations for filing of claims has expired as of April 14,
2007, and there are no unpaid claims against the Estate that have been filed; and
WHEREAS, Mellon Bank, N.A., which was nominated by MARGARET T.
WELLINGTON in her Will to be the Trustee of the Testamentary Trust established for the benefit
of John S. Wellington, Jr., has renounced its right to serve as Trustee, as evidenced by the
Renunciation dated March 6, 2007, copy of which is attached hereto as Exhibit 3; and
WHEREAS, Manufacturers and Traders Trust Co., Trustee, One West High Street,
P.O. Box 220, Carlisle, PA 17013, has consented to be appointed as the Trustee as evidenced by its
written Consent dated April 3, 2007, Exhibit 4 attached hereto; and
WHEREAS, all of the potential beneficiaries of the Testamentary Trust have duly
given their Consents under the provisions of the Pennsylvania Uniform Trust Act to Manufacturers
and Traders Trust Co. being appointed the new Trustee to act on behalf of said beneficiaries as
evidenced by Exhibits 5, 6, 7 and 8 attached hereto; and
WHEREAS, there was no Federal Estate Tax due, and the Pennsylvania Inheritance
Tax return has been filed, the tax paid, and the notice of appraisement from the Pennsylvania
Department of Revenue has been received, as evidenced by Exhibit 9 attached hereto, showing that
no additional inheritance tax is due; and
WHEREAS, all state and federal final year income tax returns for MARGARET T.
WELLINGTON have been filed and any tax owed has been paid, and all necessary state and federal
fiduciary income tax returns have been filed or finally prepared for filing; and
WHEREAS, Exhibit 10 attached hereto is a list of the Estate's probate and non-
probate assets and receipts and post death income; and
WHEREAS, Exhibit 11 attached hereto is a listing of the expenses and taxes paid on
behalf of the Estate; and
WHEREAS, Exhibit 12 attached hereto is a schedule of interim and final distributions
of the net Estate assets to the residuary legatees upon their approval and signing of this Family
Settlement Agreement; and
3
WHEREAS, it is the desire of the parties to this Agreement that settlement of the
Estate's administration and final distributions of the net Estate assets be accomplished without a
formal accounting to the Orphans' Court Division of the Court of Common Pleas of Cumberland
County, it being the desire of the parties to avoid the expense, delay and publicity of a formal
accounting.
NOW, THEREFORE, in consideration of the mutual promises, covenants and
agreements recited herein the parties do agree as follows:
1. Each of the parties to this Agreement covenants and agrees that he, she or it does not
know of any claims against the Estate which may be unpaid, in existence, or outstanding, and does
not know of any reason why the Estate cannot now be closed by this Family Settlement Agreement.
2. Each of the parties to this Agreement has had the opportunity to have any and all
questions fully and satisfactorily answered that they may have about the administration of the Estate
and with respect to all information contained in the Exhibits attached to this Agreement and that they
have had the opportunity to consult with counsel of their own choosing about any legal issues that
may be of concern to them.
3. Each of the parties to this Agreement does hereby release and forever discharge
Charles H. Wellington and Mary Gay Wellington Geigel, Co-Executors, from any and all liability
which may from time to time arise in connection with their services as Co-Executors of the Estate
of MARGARET T. WELLINGTON, Deceased. The parties do further agree to indemnify and hold
harmless said Co-Executors, from any and all liability which may arise against the Estate from
creditors or any other claimants to the extent of distributions made to or on their behalf whether in
trust or otherwise.
4. Each of the parties to this Agreement acknowledges that this Agreement may be
indexed and recorded in the Estate proceedings and that the terms hereof shall be legally binding
upon each ofthem, and upon the beneficiaries of the aforesaid Trust, and upon their respective heirs,
successors, administrators, and assigns.
5. This Agreement shall be governed by the laws of the Commonwealth of
Pennsylvania.
Dated as of ~v ~v~
""3 (
,2007.
4
WITNESS:
<k~~
r:t!9f
T.
Charles H. Wellington, individually
Executor of the Estate of M
WELLINGTON
WITNESS:
~k~
<t. ;;''1.07
Mary Gay Wellington ig, indi dually and as Co-
Executor of the Estate of MARGARET T.
WELLINGTON
ATTEST:
Manufacturers and Traders Trust Co., Trustee,
of the testamentary trust established for the benefit of
John S. Wellington, Jr.
By: L
J F. Burke, Vice President and Trust
o lcer, on behalf of the Trust and on behalf of
the Trust's beneficiaries
5
PROOF OF PUBLICATION OF NOTICE
IN CUMBERLAND LAW 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:
April 14, 21, & 28,2006
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.
WelUDgtOD, lluluet T., dec'd.
Late of Hampden Township.
Co-Executors: Charles H. Welling-
ton, 734 Church Road, York, PA
17404 and Mary Gay Geigel,
2367 Canterbury Road, Universi-
ty Heights, OH 44118.
Attomey: G. Thomas Miller. Es-
quire, 401 So. 32nd Street. Camp
Hill. PA 17011, (717) 920-5500.
SW TO AND SUBSCRIBED before me this
28 day of April. 2006
NOTARIA SEAL
LOIS E. SNYDER, Notary Public
Carlisle 8oro, Cumberland County
My Commission Expires March 5, 2009
E~Hll5rr /
PROOF OF PUBLICATION
State of Pennsylvania, County of Cumberland
Tammy Shoemaker, Classified Advertising Manager, of The Sentinel, of the County
and State aforesaid, being duly sworn, deposes and says that THE SENTINEL, 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)
April 11, 18,25, 2006
COpy OF NOTICE OF PUBLICA nON
, '-
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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
~e~
Sworn to and subscribed before me this
26th. day of Apri12006.
~I{w~
Notary bhc
My commission expires: ttlllt;
COMMONWEALTH OF PENNSYLVANIA
NoIariaI Seal
Chnslina L Wdfe, Notary Public
Carlisle 8010, CtmberIand County
My CommlssionExpires Sept 1, 2008
Member. Pennsylvania Association Of Notaries
[;XHII3/t', L
BEFORE THE REGISTER OF WillS COUNTY OF CUMBERLAND,
PENNSYLVANIA
Number 21-0&-0288
RENUNCIATION
-.lnRe: Estate of Margaret T~emngton, D-9Ceased -'. . - -'- ._---
Mellon Bank, N.A., hereby renounces its right to serve as Trustee under
Paragraph 1 and 9 of the Will dated October 9, 1997.
,~~J;;0'j<;"'~5,j1;i;?~;
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. Mellon Bank, N.A.
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EXHI8rj J
IN THE COURT OF COMMON PLEAS
OF
CUMBERLAND COUNTY, PENNSYL VANIA
IN RE: ESTATE OF
MARGARET T. WELLINGTON, :
DECEASED
ORPHANS' COURT DIVISION
No. 21-06-0288
CONSENT OF MANUFACTURERS AND TRADERS TRUST CO. TO SERVE AS TRUSTEE
Whereas, Mellon Bank, N.A., has renounced its right to serve as Trustee under
paragraphs 1 and 9, of the Will of Margaret T. Wellington dated October 9, 1997; and
Whereas, all of the qualified beneficiaries of the proposed trust have given theircoasent
to having Manufacturers and Traders Trust Co. be appointed the new trustee;
Now, therefore, Manufacturers and Traders Trust Co., with an office in Carlisle, P A,
consents to being appointed the Trustee of the Testamentary Trust established by paragraphs I
and 9 of the Will hfMargaret T. Wellington dated October 9, 1997.
Attest: /kd; Ch
I
I
Manufacturers and Traders Trust Co.
BY:~'~
Jane F. Burke,
Vice President and Trust Officer
One West High Street
P.O. Box 220
Carlisle, PA 1701~
Date:~1 3, JOOCo
b:'l()~ e \ T 4-
INRE:
MARGARET T. WELLINGTON,
Deceased
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
ORPHANS' COURT DIVISION
NO. 21-06-0288
CO-EXECUTORS' APPOINTMENT OF TRUSTEE
In accordancewith,the applicable provisions of the Pennsylvania Uniform Trust Act, 20
Pa.C.S. ~7764(c)(2), and pursuant to the attached forms of Consent furnished by the Trustee and
all qualified beneficiaries, we, the undersigned Co-Executors of the Estate of Margaret T.
Welllington, deceased, hereby appomt Manufacturers and Traders Trust Company to serve as
Trustee in the place of Mellon Bank, which has renounced its right to so serve, and to administer
the Testamentary Trust established by the Last Will of Margaret T. Wellington dated October 9,
1997.
Charles H. Welllington
Co-Executor
Date: April_, 2007
/ '
i~\lL~ !~ j,[,
Mary Gay ~igel
Co-Executor
Date: cApril ~, 2007
~~H'~ \1 S-
INRE:
MARGARET T. WELLINGTON,
Deceased
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYL VANIA
ORPHANS' COURT DIVISION
NO. 21-06-0288
CO-EXECUTORS' APPOINTMENT OF TRUSTEE
In accordance with the applicable provisiotlS ofthlfPennsylvama Uniform Trust Act. 20
Pa.C.S. g7764(c)(2), and pursuant to the attached forms of Consent furnished by the Trustee and
all qualified beneficiaries, we, the undersigned Co-Executors of the Estate of Margaret T.
Welllington, deceased, hereby appoint Manufacturers and Traders Trust Company to serve as
Trustee in the place of Mellon Bank, which has renounced its right to so serve, and to administer
the Testamentary Trust established by the Last Will of Margaret T. Wellington dated October 9,
1997.
,
Charles H. elllington
Co-Executor
. Qa!~:~Ap~l . r ' 2007
Mary Gay Geigel
Co-Executor
Date: April_, 2007
~ "~Ia IT ~
IN THE COURT OF COMMON PLEAS
OF
CUMBERLAND COUNTY, PENNSYL VANIA
IN RE: ESTATE OF
MARGARET T. WELLINGTON, :
DECEASED
ORPHANS' COURTDMSION
No. 21-06-0288
CONSENT BY BENEFICIARIES TO APPOINTMENT OF MANUFACTURERS AND
TRADERS TRUST CO.
Whereas, Mellon Bank, N.A., has renounced its right to serve as Trustee under
paragraphs 1 and 9, of the Will ofMargm-et T. Wellington dated October 9, J997; and
Whereas, I am one of the qualified beneficiaries of said Trust; and
Whereas, I wish to avoid the time and expense of having a petition filed with the
Orphans' Court t<? have a new trustee appointed;
Now, therefore, I hereby give my consent, pursuant to the provisions of 20 PA.C.S.
~7764(c)(2), that Manufacturers and Traders T~t Co., with an office in Carlisle, PA, be
appointed the new trustee to the Testamentary Trust established by the Will of Margaret T.
Wellington dated October 9, 1997.
Dated: April 7" , 2007.
BENEFICIARY:
fd:,.; ~. C3 rr 1
IN THE COURT OF COMMON PLEAS
OF
CUMBERLAND COUNTY ~ PENNSYLVANIA
IN RE: ESTATE OF
MARGARET T. WELLINGTON~
DECEASED
ORPHANS~ COURT DMSION
No. 21-06-0288
CONSENT BY BENEFICIARIES TO APPOINTMENT OF MANUFACTURERS AND
TRADERS TRUST CO.
Whereas. Mellon Bank, N.A., has renounced its right to serve as Trustee under
paragraphs 1 and 9, ofthe Will ofJdargaretT. Wellington dated October 9, 1997; and
Wherea.s, I am one of the qualified beneficiaries of said Trust; and
Whereas~. I wish to avoid the time and expense of having a petition filed with the
Orphans' Court to have a new trustee appointed;
Now, therefore, I hereby give my consent, pursuant to the provisions of 20 P A.C.S.
~7764(c)(2), that Manufacturers and Traders Trust Co., with an office in Carlisle, PA, be
appointed the new trustee to the Testamentary Trust established by the Will of Margaret T.
Wellington dated October 9, 1997.
Dated: April '-/ , 2007.
BENEFICIARY:
/7.--.
/..~.
?;d!b& . -:-....:/
Anne Elizabeth Martin
f;~H'1 ~J r ~ - 1+
IN THE COURT OF COMMON PLEAS
OF
CUMBERLAND COUNTY, PENNSYLVANIA
IN RE: ESTATE OF
MARGARET T. WELLINGTON,
DECEASED
ORPHANS' COURT DMSION
No. 21-06-0288
CONSENT BY BENEFICIARIES TO APPOINTMENT OF MANUFACTURERS AND
TRADERS TRUST CO.
Whereas, Mellon Bank, N.A., has renounced its right to serve as Trustee under
paragraphs J and 9, of the Will of Margaret T. Wellington dated October 9, 1997; and
Whereas, I am one of the qualified beneficiaries. of said Trust; and
Whereas, I wish to avoid the time and expense of having a petition filed with the
Orphans' Court ~ have a new trustee appointed;
Now, therefore, I hereby give my consent, pursuant to the provisions of 20 P A.C.S.
~7764(c)(2), that Manufacturers and Traders Trust Co., with an office in Carlisle, PA, be
appointed the new trustee to the Testamentary Trust established by the Will of Margaret T.
Wellington dated October 9, 1997. .
Dated: April ~, 2007.
BENEFICIARY:
f: )( HIt') ~., 25-.s
IN THE COURT OF COMMON PLEAS
OF
CUMBERLAND COUNTY. PENNSYL VANIA
IN RE: ESTATE OF
MARGARET T. WELLINGTON, :
DECEASED
ORPHANS' COURT DIVISION
No. 21-06-0288
CONSENT BY BENEFICIARIES TO APPOINTMENT OF MANUFACTURERS AND
TRADERS TRUST CO.
Whereas, Mellon Bank, N.A., has renounced its right to serve as Trustee under
paragraphs 1 and 9, of the Will of Margaret T. Wellington dated October 9, 1997; and
Whereas~ I am one of the qualified beneficiaries of said Trust; and
Whereas, I wish to avoid the time and expense of having a petition filed with the
Orphans' Court t9 have a new trustee appointed;
Now, therefore, I hereby give my consent, pursuant to the provisions of 20 P A.e.S.
~7764(c)(2), that Manufacturers and Traders Trust Co., with an office in Carlisle, PA, be
appointed the new trustee to the Testamentary Trust established by the Will of Margaret T.
Wellington dated October 9, 1997.
Dated: April
. {~<1.
. "
, 2007.
BENEFICIARY:
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MAR-I9-2007 14:05
KERN & COMAANYP.C.
...u....u...a"..." ... . -...... .
DEPARTMENT DF IEVENUE
MOT.C~ OF IHHE.rTANCI TAX
APPRAISI"&"T, ALLOWANCE oa DISALLOWANCE
. 0' MauCTlO"S AND ASSIIS"IIIT OP TAX
I~U OF INDIVIJUAL fAXES
,-IYMCE TAl IIVIIION
..... ''''''I
~IIUIC ,. 17121-1'1'
717 763 1581 P.01
-
REV-1147 SIC All, U,.OS)
DATE 03-19-2007
ESTATE OF WELLINITON "ARIARET T
DATE DF DEATH 05-25-2006
FILl NUNIER 21 a'.D21'
COUNTY CU"BEILAND
ACN 10 1
APPEAL DATE. D5-11-2007
( S. rtIW!I'Ielib ",.., 06jtN;tict11. )
A..unt R..1thd' : I
MAKE CHECl 'AYAaLE AND .~lT PAYMENT TO:
REGISTER OF WILLS
CUM'ERLAND CO COURT HOUSE
CARLISLE, PA 11011
CUT ALOH THrs LINE .... RETAllt LDtlEI PORTION FDR YOUR RECORDS +-
--------..----.-----------.-....--..---..--...--------.---.---...-.-....-.---..---.-------.
- __RE~:!~47.. ~ A.~!-!,!.-O')JJ~Iff:v::el":P1~Hh~.. :;1l2-~lg9lATAWllf~JL '-.." -...--
ESTATE OF WELLINGTON MARIARET T FILE NO. 21 06-121' ACN 101 DATE 05-19-2007
H THOMAS CA"PTON JR
KERN , COMPANY'
2111 MARlET ST
CAMP HILL PA 17011
TAX IliTuaM MAS: (X J ACCEPTED AS FILED
RESERVATION COMe.RHr.. FUTU.E INT.a.ST - SEI REVEaSE
APPlAlSED VALUE OF REn.. IAIID ON. ORIGINAL RETURN.
1. R..l E.ta'o Clc~odula AJ
2. Stack. .nd 'and. CSc~.dul. 'J
J. Cla..lw H.ld StocklP.rtn.r'~lP tntar..t CSo~.dul' CJ
4. M.rt.....IW.t.. Ro..iv.-lo ".bOdy10 DJ
5. ca'~/'an. Dop..ttsIMSe.. P.r..n,l pr..ort~ (Sa~odul. EJ
,. J.tntlV OWnad pr...rtv (Sahadule F)
T. fra~far. Cla~o.ul. I)
t. Total A...,s
e ) CHU..D
U)
(2]
,,)
(Ii)
(,)
(6)
CTJ
225.9'0.00
.89.70'..p
.00
.QD
21&.!in. ap
.aq
.0'
u>
APPROVED DEDUCTIONS AND IXEMPTIONS;
t. Fwnarol I...n.../Ad.. C.oto/Nt.c. '.,.ns.. (Soh..vl. M)
1.. D..t./Mort.... LS..ilftSO.ltt.n. CSchldul. IJ
LL. To'ol D.dwett.n,
12. N.t VaIU' af T.. R.turn
La. C~.rit..lalQ..'r""nt.l "~"'l Man-olo.ted 'liS Trust. (Schodul. JJ
L4. Mot V.lu. af ,.ta'o Subj.ct t. Ta.
(t)
uO)
US,IU.OO
NOTE I T. 1n,vr. proper
aradlt to vaur locount.
lubatt t~. u,per portion
of thi. fO~. with ~owr
ta. "ay..",.
1,150,215.00
1~~..t;a(7..nD
1 ,21f, 701.00
.00
1,21'.701.00
NOTE I If aft ........n' va. S..ve' pr..l.ullv. I1n.. 14. 15 .nd~or I', 17, II and It viII
--'-----~. -, .. ~.fr~ft.:n:I\I.,.R t~ ~'fUW~..th.--tOt.iJ..~f-..'UI: -f.t,i"rn_.- ',ili'."su_ h.~~~t;,:~ . .
AlnSIIIENT OF TAX: . . . : "
15. "'"nt .f L.ln. L4 at Iaousal rata nl) . ao X DO ;.
16. MIIunt of Lin, 14 t.....b at LSn":VClan " rata ct.) 1 , 21' .1al . a D :It 04!i..
17. Mo..nt of' Lil't. 14 at 'J~Un. ,..t. (7) .ao :It 12 !Ii
1'. AIIo.,n' .f Lln' Ui U..b1o at coUahroVCla.. I "ata nl) .00 x 15 ..
L'. ,,.tnol,al T.. Du' el".
MUM..
eo,...
CDDlnDo
SBADJUST
DATE
01- .20"
12-21-2006
01-12-2007
.DD
UL)
(12)
ellJ
(14)
fOTAl TAX ClaDlT
IALANCE OF TAX DUE
INTIRIST AND prN.
TOTAL DUE
.1)0
54,752.00
.00
.00
54,752.00
54,752.00
.OD
.00
.DO
. l' PAID A'TER DATE IMDICAT!D. 5il RIVI'S5
FOR CALCULATION OF ADDITIONAL rNTE.EST~
<< I' TDTAL INIl II un TItAN n. NO PA""&Nl' I' liourRU.
IIf ToTAL DUE IS REFLICTED AS A "CltEDIT" CCIl', "IOU RAY n lIUI
. -.......... ....... .."..... .. "I" nil TIIII II0llM FOil lNITIUeTIDN'.)
TOTAL P.01
C:XHI/3/''''- 9'
EXHIBIT 10
ASSETS OF THE ESTATE OF MARGARET T. WELLINGTON
REFLECTED ON THE PENNSYLVANIA INHERITANCE TAX RETURN
Item Item Description Value as of
# Date of Death
1 Home at 827 Mandy Lane, Camp Hill, P A - (See Settlement Sheet $225,000.00
dated 8-31-06 attached hereto.)
2 8 Common Shares, Agere Systems, Inc. 115.00
3 2,953 Common Shares, AT&T 80,617.00
4 27 Common Shares, Avaya, Inc. 323.00
5 121 Common Shares, Comcast Corp New A 3,215.00
6 10,800 Common Shares, General Electric Co. 366,336.00
7 4,000 Common Shares, Keycorp New 149,120.00
8 324 Common Shares, Lucent Technologies 1,004.00
9 30 Common Shares, NCR Corp 1,180.00
10 5,800 Common Shares, Wyeth 287,796.00
11 Wachovia Securities Money Market Account 62,009.00
12 M&T Bank Classic Checking Account 3,286.00
13 M&T Bank Advantage Account 43,640.00
14 PSECU Regular Shares Account 28,816.00
15 PSECU Checking Account 12,605.00
16 Miscellaneous Cash 1,449.00
17 Jewelry 11,830.00
18 Appliances 800.00
19 Automobile 4,800.00
20 Artwork 2,500.00
21 Artwork and Antiques sold by S.T. Freeman & Co. 59,006.00
-1-
22 Miscellaneous Furniture and Collectibles 4,828.00
Adjusted TOTAL OF ALL ASSETS as of date of death $1,350,275.00
INCOME AND RECEIPTS OF THE ESTATE FROM DATE OF DEATH
NOT REFLECTED IN THE PIT RETURN
Item Source of Income and Receipts Amount
#
23 Miscellaneous Refunds $1,869.00
24 Income tax refund, reflected on Margaret T. Wellington's Federal 1,301.00
Income Tax return for 2006
25 Income earned by Estate during 2006, reflected on the Federal 21,958.00
Fiduciary Tax Return filed April 5, 2007.
26 Dividends and interest earned by Estate in Wachovia Securities Acct. 15,350.55
in 2007, through May 19,2007
27 "Cash in lieu" for fractional shares, from stock split by Comcast and 16.47
acquisition of Agere Systems by LSI Corp.
28 Interest earned by Estate in Wachovia Bank Acct. in 2007 through 619.26
May 19,2007
29 Checks from S.T. Freeman & Co. for items sold at auction 249.00
30 Cash from sale of "surplus" shares of stock (after interim 120.51
distributions of equal shares of stock to each Beneficiary).
31 Refund from Storage Depot (May rent plus deposit) 128.72
Total post death income and receipts not accounted for in lines 1- $41,612.51
22 above.
-2-
'"
~ Settlemen~ statement
u.s. tlepvlmonl or HcIIsIin&
.... Urbon tle.............
oMII No. 1302..ou,
a. '1)pe of Loon
1. OPIIA ~OPmRA 3.liJc-. U"'....
4. OVA ,.[]Conv.lns.
C. Tllil form iJ t\ImlsllI<I eo a __ of acNllI_omen, COltS. ........n.. paid 10"" Ily rIIo __..,...."'" shown. 1_ marked
(p.o.c) 10ere paid OIIlSidc lIIo doslnJ; they "'" _ ror infomwlonal putpolCl .... arc IlOl included in -..
. Dt1laca ns.
&50311696
.... or 1\. Name.... AdCI.... 0 r '.euor 1'. ..-
Jay O. lIiedcrhold Estat. of IIargaret T Wellington NJII AHRO IIort_ Group. Inc.
Kendra S. lIi_ld by CharI.. H Wellington. Co.Executor 2600 81g lleaver Rd
316 Virginia Rd Troy. HI
"echonicsliurg. PA 17050
u. , ... tNlt Gre&t Road "
827 "andy L.... Settlonnt ServiCes. LLC
C.., Hill. P.....y1 v.nia 17011 ,.
HiIIpden Township. CIaoberland CQlIIty 2157 ".rket 5t....t 08131/2006
C.., Hill I'A 17011
,:i.SIIMMAAY,OP IlORROWEIl.~STRANSACTlON: K. SUNWAAY.OF Sl!LLER.'S'TIlANSAcnON:;:. .:: .:>\>.;
:, ;1oo.t,OROSSiAMOUNT DUE I'IlOM IlOIlROWER 400. . GROSS AMOUNT DUB TO'5BLU!R c" .'!'X .:" " <~,. ';;0.,;;,
101. CaoI...... III.. I'm 225.000.00 401. c-.t _ price U5.000.OO
102. PononaI JII8PIl1lI 401. PononaI properlJ
IOJ. _cbupo.. '""'-(Iino 1400) 4.873.U 4113.
104. CMII'lI'Iam: %5.00 404.
105. wire 25.00 .05.
MjusImoRcI fGr _ paid by _ 11\ 14...... ~for _paid bl'aeIlet ill......... I
106. Cltyl__ ID _.~- ID
107. CoaaI.y .- 0813~ 1213112006 174.52 407. COUIII1 .... W/31/2OOl1t 12131'_ 174.52
1011._ 08I311ZllOl1> 06I301ZOO7 1.619.411 408._ 081311200&> 06I301ZOO7 1.619.411
lOJ. _1U'Qh . 8131.91.JO- IlZ4Iqtrl 4ll.5U 409. - trash . 8131.9/30 ($lZ4Iqtrl 40.50
110. 410.
111. 411-
112 412
;l~~~~.l)UE~ BORROWER 231.757.72 ,.420. ;~~~ofi4~~j~ 226.834.50
'i200~OU~PAJl).BY Olt-IN BBHALP 01' BORJtO\VBR ,"' 0 .' 0 - ~,A\. - 'Y;' :;,_:~.~ "'.-"
.500. ,Rl!P.ue,r,r ~ ","-""Ii\I.. ..N AL, ,,,-,,!iI&fItt.
201. Dopooif or_......ey 4.000.00 SOl._dopoIIt(__ 4.000.00
202. PrilIclpol __ _loID(s) 213.""'.00 502. ~-... IOsolIcI(Iilw 1400) 14;049 .00
203. BxiIIin& loon(s) ....... sul>joc<'" S03. Ib:lIIlaa loan(s) _ suIllcc'lO
204. 504. ,.,. or fIrIt IIIOl1pJC _
203. 505. J'ayoll' of second AD'II_IOII\
206. 506.
2D'l. '07.
201. 501.
ZOJ. ..ner ...i.t 5.250.00 5OJ. ..11er ...ist 5.250.00
MjusImoRcI r... IIams .....Id bl' ..Uer MjualmonU ror i_ unpaid by seller
210. CI1y_ ...... ID 510. Clq/lOWlltanr ID
211. c.nry tanr to , 11. CaIlIIty lIPS to
212.-""'" to 512._ ...
213. '13.
214. 514.
115. 515.
~16. '16.
117. '17.
11.. 51..
119. 519.
~;~~~~ BYII'OR sakawa u3.000.oo 520.TOTALRifuUClf~S~R"' 23.m.OO
3pO.~.~'I1 .I'.IWWTO BOAAOWER 6OO..CASHAr. . . ..SBlJi.ER...'..: ;ri ~<:.:.::,;:,:<~~
101. Gross _duo fRIIII ~lne 120) 231.757.72 601. Gross _ duo to selIor(IIno 420) 226.834.50
102. Lea......... paid bl'lforllcJrnMor(lino 21C1) 223.000.00) 601. LeII JtduclIon _ duo adlCl(11ftO 520) 23.m.oo)
~:~~:.).~;: ~dTO)'~OWEIl. 8.757.72 ~)~i1~~; 11 203.535.50
, .c;.-
The informadon _inod in B10cb 2. O. H ohIIl.... on I... 401 or. \fllno 401 is~.
.. 403 .... 404 b ~ lax Inrormadon ohII is bcina l'umi_ ID lhc _ _ s.mc.. If,... arc required II> tile. reIUm. .lIO/Ilie.....
lIIlJor__wlIl be ~ on you ifdUs i.....is 'equire<! 10110 ~.... tIl&1llS_Iha'lthalnol_~.
1).1 SB'ITI..llMBIfT STATl!MIlNT
Cl IInltwl8rmSot\warel._5-0800
wAlUlDlo: It Is. oriaIe.. ra-iIl&I7 "'*" ................ ..1IIe Unlled Slalel
0Il1loil......, _1imiIor ....... NaIIlIes _ -.IclIan can incIudo . rOIl
....._ Far __ RO: Till. II U.S. Codo Scerion 1001 a: 1010.
SB'l"l'LBDNT STA'l'BKBNT
PAGE 2
~L ..L' . ,<x'" ';:.,. .' . ."" PAID PlIDM PAlO PROM
100. TOTAL SAlJlSISOI:ER'S WMMISSlOJl/ buocl on prica S 225.000.00 0 " -s BOlUl.OWER,'S SBLIJ!Il'S
DIYIIIaa 01____ (u. 7llOJ . fallows: Pt1ImS AT Pt1ImS AT
101. S Z.lilZ.50.. ..... (ocu..... Ie.. S<IOOO dopos1t) SJm"Ll!MENT SB17LllMl!NT
102. S 6._.50 .. Reux
103. CammIaioa pold at-" 8.975.00
101. Tranuctt... fee . IftI $lZ5 IS): RsIllC S250 Cb) 250.00 125 .00
IN WlI1l LOAN . ,~hJ<2;r.}, ~... -}~;:;;':":<;;:.<'::.>;(fKV:{~:""~t.-: .... ;51:t '?iF -.;}:F ~'>W::i'mf,:t~'r :~
101. x.- Qriplodlia Fcc "
JCI2. x.-~ "
1lI3. 10
104. Ctodk Ropcln 10
IOS. ~'. -....- Fa
.. -..... ___ Appr........ Fa 10
107. -'-"PtiOIl Fa
101. IDetcMl """- . pracessif!ll fee 250.00
11I9. MIl MIIII . lendo!r amtll1str.t 550.00
810. ,-..." IIortoave . app ie.tion fee 400 _ 00
8U. O'Tn1 1lf"IIJ\- PIle S530.75 pd by_ NIIO to .....- /tortllIlJe
UIIJ!l) BYJ,.IINDER.u....PAl.DIH ADVANCE )>.;.., ,':A.. ..,(pP!: ", .'',;' ~ -', .,; ::"~.;.z%J:.-~.;;w.:.;:-;', ,,]1. ~~ i".%":-M;,,.':i>: If;
lIOl. ~ fiam l18I..uzUUOlD 09/01lZOO6 OS 40 .080000 Idto'l 40.08
lI02.. __ __..........far ....... ..
903. Maud................ far 1 ,.... ... Ene P\lC s.c49
!104.
lIOS.
:J)lD'OSrI1!Di. '~J.:.:'~" i~ .~^, ::,",;",~".~'~i@~. 13Wf!,~"",.J!;;.._",;- :j
1001. -- 3- -os Y1.4Zpet_ . 112.26
1002.. .,....... - _0$ .....-
IOIU. CIlY fInIPOIII ... _O~ ,pet-
1_. C4IaIIlr.........,... . _0$ 43.63 por_ a4II.04
1005.. -- 3_05 163.02 pet_ 419.06
1006. -os pet-
1007. -os per-
1001. --"- ..211; a
~~.'l1D~. .;~ .- '". ~ ....". ~::'-~' ., ^~;,. . '<i~~,<H.-:t;.;~);;\ :~;"f.' .r.re:, ~~,1{,.~. ,~,'~Z::.;~,.b;
1101. ~........... fee 10 GRSS
1102. ~or__1I 10 GRSS . _I 5tur.h I'lJl; 5135
IUD. TIlle .,."...,... .. iIlSS
1104. 'I'ItIo "'""'-....... . 10 iIlSS
)J1lS. _~ II> MfJ1er Upsltt w: . Vlr'l11m. "" .- =.00
11011. Nocory .... 10 cash 25.00
1107. ~s_ .. GRSS
~......._- )
1101. 'I'ItIo__ 10 GRSS C5t_rt it.e &tariflty) 1.413.75
C-.............. ~ )
l1ot. ~'-"'" S ZU.750.CllJ _ NIIO
1110. Oomor"......... S In.ooo.CllJ Wieder"" d
1111. , 1lIV. ....... 900 11>11.00
1112- c1aslng 'en'lClI lett... 35.00
JU3. 1Iar1. ....... . tu'cwt 55 5.00
,. ~IHO AND TllAHSFER CHARCJI!S", . "iH.rk ~.%tl;" "',c,:,,:, .i.'..''cx..,dib: ..c;~!.'ii~;,.~:': y :"..~'A ,~,,; (M<,j:
1101. --.... fees: Dood $ 31.50 :Man.... $ 60.50 :~$ 99.00
17Ala. Dood $ 2.250.00 :M....... $ 2.2:>u.00
UCD. --: Dood $ 2.250.00 ;Man.... $ 2.250.00
1204.
1105. .
~ CHAllOES l'::~~~.C ,!%:;:t,-:.' '"',; iF~:;~_;~$:$~;t "~'::,,:$:_;)~ .Wi, .1'Mi tiI'M'.a;;" ~
1301. S!Incy to AIlS hoee ViItTlIlty 444.00
1302. .... ....... 10
J)Q). .eti.., ~ ~ 174.00
1.1lN. ~lIItem .kct SystItI /If Ccalnecticut 352.37
130S. Mfo,'" {;I'eG1t ~ 206.19
l;BAltGllS (enlor on linI 103. Secdon J 11III linI JO:l,;SeClltm.~,.- ,'" ::M:"<4'?\; ^,-~::;g~~ 4.873.22 14,049.00
. receipcs 11III
- ..
IIIJlUD.l__ '-wtIIoIIl.... propsmI is. .....11III __ _ 0(11IIo
__._IIoiI_.~
-A&IIIl IiI'Ut _ ~
///
-
.1 ~......~"or...uI~...t\Jnds,,!~d""'.....,r :;{
n.,I',...,ey I~ FAc.rf~-
August 3~, 2006
Uate
EXHIBIT 11
EXPENSES AND TAXES PAID RE: THE ESTATE
OF MARGARET T. WELLINGTON
# Item Description Amount
1 Funeral bill $11,769.20
2 3-31-2006 - Probate fees 822.00
3 12-21-06 - Additional Probate fees 500.00
4 Estate Notice - The Sentinel 209.63
5 Reimbursement to S.E.R.S. for portion of pension 24.58
6 Memorial luncheon 764.94
7 Rose Marie Salter appraisal of jewelry 150.00
8 Electric bills for house 477.03
9 Gas bills for house 872.01
10 Water bills for house 135.76
11 AT&T long distance phone service 61. 99
12 Verizon local phone service 132.65
13 Sewer and trash bills 207.50
14 Veterinarian exam and shots for cat 159.52
15 Repair of water line 100.00
16 Swimming pool maintenance 941.73
17 Air conditioner and heater service 87.67
18 Painter for deck and rails 730.00
19 Dr. Parnes medical bills 47.63
20 Drs. Andrews and Patel medical bills 76.37
21 Homeowners insurance 219.50
1
22 New mail box 11.98
23 Storage shelves for storage unit $51.57
24 Rental of storage unit (6/24/06 to 5/26/07) 1,270.80
25 Heater and light for storage unit 65.67
26 Photo processing 15.88
27 Fed Ex bill for filing tax return 26.91
28 Yard work, cleaning and packing 918.00
29 Trash removal from home 1,115.00
30 Lawn mowing 605.00
31 Transporting furniture from Philadelphia to storage unit 275.00
32 Net real estate taxes paid in 2006 after settlement on sale of 685.75
house
33 Accountant's fee for preparation ofPA Inheritance Tax 2,600.00
Return
34 Executor's expenses (MOO) through 11/12/2006 6,594.00
35 Executor's commission (MOO) through 11/12/2006 3,300.00
36 Executor's expenses (CHW) through 11/12/2006 1,740.07
37 Executor's commission (CHW) through 11/12/2006 3,300.00
38 Real estate settlement charges (see settlement sheet 14,049.00
attachment, part of Exhibit 10)
39 Seller Assistance (see settlement sheet attachment, part of 5,250.00
Exhibit 10)
40 PA Inheritance Tax paid, after credit of $2,737.00 (See first 52,015.00
three pages of PIT return filed 12-18-2006)
41 Accountant fees for preparation of final year income tax 282.50
returns for 2006, federal and state.
42 Federal Fiduciary Income Tax paid for 2006 1,665.00
43 P A State income tax paid for 2006 76.00
2
44 P A State Fiduciary Income Tax paid for 2006 674.00
45 Accountant fees for preparation of 2006 Fiduciary Tax 1,000.00
returns
46 Truck rental 4-29-2007 60.07
47 Balance of Executor's commission (MGG) 30,457.00
48 Balance of Executor's commission (CHW) 30,457.00
49 Brokers' fees for sale of "surplus shares" of stock. 55.12
50 Additional Executor's expenses (MGG) through 4-29-2007 543.13
51 Additional Executor's expenses (CHW) through 4-29-2007 160.02
52 Accountant fees for preparation of 2007 Fiduciary Income 1,000.00
Tax Return
TOTAL $178,809.18
3
EXHIBIT 12
SCHEDULE OF INTERIM AND FINAL DISTRIBUTIONS
OF NET ESTATE ASSETS
# Distribution Schedule
Interim Distributions
1 Interim distribution to Mary Gay Wellington Geigel May 10, 2007, comprised of
$98,958.00 in cash (net of executor fees of $30,457.00), 7,955 shares of stock and
certain jewelry items with an appraised value of $300.00.
2 Interim distribution to Charles H. Wellington May 10,2007, comprised of $90,658.00
in cash (net of executor fees of $30,457.00), 7,955 shares of stock and certain jewelry
items with an appraised value of $8,600.00.
3 Interim distribution to M&T Bank, Trustee for the benefit of John S. Wellington, Jr.,
May 10,2007, comprised of$99,258.00 in cash and 7,955 shares of stock.
Final Payments and Distributions
# Item Amount
4 Final Accountant fees - Preparation of 1099 forms $75.00
5 Final Fiduciary Taxes, if any, on income earned by Estate in 0.00
2007, as reflected on 2007 Fiduciary Income Tax returns, will be
passed through to beneficiaries in equal shares on their K-1
forms
6 Legal fees and expenses of G. Thomas Miller, Esq. 18,500.00
7 Final Executors' expenses 260.00
8 Final distribution to Mary Gay Wellington Geigel in cash 1,963.33
9 Final distribution to Charles H. Wellington in cash 1,963.33
10 Final distribution to M&T Bank, Trustee for the benefit of John 1,963.33
S. Wellington, Jr., in cash
Total $24,724.99