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Home My WebLink About10-24-07 (2) ESTATE OF EVA L. THRONE () (-;8 " ~; File No. 21-07-0154 /.', FAMILY SETTLEMENT AGREEMENT THIS AGREEMENT made this ~daY of oefII:::u ,___, -"----'l ~ ("1 ,2007, c: BETWEEN: CINDA M. MARKLEY and BONNIE M. SHEAFFER, being the legatees under the Last Will and Testament Eva L. Throne, late of West Pennsboro Township, Cumberland County, Pennsylvania, AND CINDA M. MARKLEY and BONNIE M. SHEAFFER, Co-Executors of the Estate of Eva L. Throne, deceased. WHEREAS, Eva L. Throne died January 18, 2007, testate, and under her Will left her estate to the parties herein; and WHEREAS, Letters Testamentary were granted to Cinda M. Markley and Bonnie M. Sheaffer on March 9,2007, by the Register of Wills of Cumberland County, Pennsylvania; and WHEREAS, all assets of the late Eva L. Throne have been liquidated or distributed and all her debts paid in full, and further the period of four months having been terminated since the first advertisement of the issuance of Letters to the said Co- Executors, the said parties hereto desire to waive the duty of the Co-Executors to file a First and Final Account with Proposed Schedule of Distribution for purposes of confirmation by the Court of Common Pleas of Cumberland County, Orphan's Court Division, AND FURTHER desire that a Family Settlement WEIGLE & ASSOCIATES. RC. - ATTORNEYS AT LAW - 126 EAST KING STREET - SHIPPENSBURG. PA 17257-1397 :-<) c:.:::"t C~) ---I (--.::) (-) --! r",-.) -.--, Agreement be executed, which Family Settlement Agreement will be duly recorded among the deed records in and for Cumberland County. NOW, THEREFORE, WITNESSETH, that the parties hereto, in consideration of the premises above stated, and of the Accounting and Proposed Schedule of Distribution attached hereto and made a part hereof, and the receipt of their distributive shares as therein shown, do bind themselves to the said Distribution and Accounting as set forth and further mutually release Cinda M. Markley and Bonnie M. Sheaffer, Co-Executors, from all claims and demands whatsoever arising out of settlement of the Estate of Eva L. Throne. The parties hereto do further agree that should any liability come due to the estate of the said decedent after the signing of this agreement, they do hereby covenant and agree with the aforesaid personal representatives that they will contribute pro rata their share of the 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 representatives after the signing, sealing and delivery of this family settlement agreement and final release. IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the day and year first above written. WITNESS: C! .~ '7JI, q( Q,h4a ~ (SEAL) Cinda M. Markley ~~~~ASEAL) Bonnie M. Sheaffer .. ~~di.~- / WEIGLE & ASSOCIATES. RC. - ATTORNEYS AT LAW - 126 EAST KING STREET - SHIPPENSBURG, PA 17257-1397 COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF CUMBERLAND t;:t... On this the S - day of O~ , 2007, before me, the undersigned officer, personally appeared CINDA M. MARKLEY, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. ~ )(JG~ , (SEAL) ota a eal Linda K. Klein, Notary Public Shippensburg, PA Cumberland County M Commission Ex ires Au ust 15, 2008 COMMONWEALTH OF PENNSYL VANIA COUNTY OF ~A1Vo~ SS On this the ,y day of Oar .. , 2007, before me, the undersigned officer, personally appeared BONNIE M. SHEAFFER, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. ~~ (SEAL) Commonwealth of Pennsylvania NOTARiAL SEAL D:N~IS ~., SAUM, Notarf Public Palmyra Bora, Lebanon County My Comm,' , E . SSlon xplres June 25, 2009 WEIGLE & ASSOCIATES, P.c. - ATTORNEVS AT LAW - 126 EAST KING STREET - SHIPPENSBURG. PA 17257-1397 In the Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. 21-07-0154 Estate of Eva L. Throne, Deceased Late of West Pennsboro Township Account Cinda M. Markley and Bonnie M. Sheaffer, Co-Executrices Social Security #: Tax 10 #: Date of Death: Date of Incapacity, if any: Date of Executor's Appointment: Date of First Complete Advertisement: Accounting for the Period: 204-01-6864 20-7259807 01/18/2007 None 03/09/2007 0313012007 0111812007 to 09/27/2007 Purpose of Account: Cinda M. Markley and Bonnie M. Sheaffer, Co-Executrices, offer this Account to acquaint interested parties with the transactions that have occurred during the Administration. It is important that the Account be carefully examined. Requests for additional information or questions or objections can be discussed with: Jerry A. Weigle Esquire Weigle & Associates, P.C. 126 East King Street Shippensburg, PA 17257 717/532-7388 Supreme Court 1.0. No. 01624 . SUMIVIARY OF ACCOUNT Estate of Eva L. Throne, Deceased For the oeriod of Januarv 18. 2007 throuah Seotember 27.2007 Fiduciary Current Acquisition Paae Value Value Proposed Distributions to Beneficiaries 9 15,769.15 15,769.15 PRINCIPAL Receipts: This Account 1-2 25,819.61 Net Gain (or Loss) on Sales 0.00 or Other Dispositions 25,819.61 Less Disbursements: Debts of Decedent 3 391.76 Funeral Expenses 3 8,260.49 Administration Expenses 3-4 516.85 Federal, State & Local Taxes 4 134.45 Commissions 0.00 Fees 4 750.00 Family Exemption 0.00 10,053.55 Balance Before Distributions 15,766.06 Transfer to (from) Principal 0.00 Distributions to Beneficiaries 0.00 Principal Balance on Hand 5 15,766.06 For Information: Investments Made Changes in Holdings INCOME Receipts This Account 6 3.09 Net Gain (or Loss) on Sales 0.00 or Other Dispositions 3.09 Less Disbursements 0.00 Balance Before Distributions 3.09 Transfer to (from) Income 0.00 Distributions to Beneficiaries 0.00 Income Balance on Hand 7 3.09 For Information: Investments Made Changes in Holdings COMBINED BALANCE ON HAND 8 15,769.15 Verification 10 SCHEDULE A RECEIPTS OF PRINCIPAL Fiduciary Acquisition Value Cash 01/18/2007 Members First Federal Credit Union Certificate 5.000.00 of Deposit #107233-41 - opened 11-20-06, rolled over from Certificate #107233-40 opened 3-22-96, joint with Cinda Markley, daughter 01/18/2007 Accrued income on above item through date of 11.39 death 01/18/2007 Members First Federal Credit Union Checking 967.14 Account - #107233-11 opened 2-3-03 joint with Cinda Markley, daughter 01/18/2007 Members First Federal Credit Union Investment 2.488.58 Savings Account - #107233-o50pened 4-11-96 joint with Cinda Markley, daughter 01/18/2007 Accrued interest on above item through date of 0.29 death 01/1812007 Members First Federal Credit Union Regular 27.04 Savings Account - #107233-00 opened 3-14-89 joint with Cinda Markley, daughter 01/18/2007 Sovereign Bank Certificate of Deposit 17.000.00 #2895373237 - opened 8-27-93 joint with Cinda M. Markley, daughter 01/1812007 Accrued income on above item through date of 26.92 death Total Cash 25.521.36 Total Inventory 25.521.36 Subseauent PrinciDal ReceiDts 02/12/2007 Capital Blue Cross - refund 268.25 04/16/2007 U. S. Treasury - 2006 federal income tax refund 30.00 Total Subsequent Principal Receipts 298.25 Total Adjustments and Subsequent Receipts 298.25 1 SCHEDULE A RECEIPTS OF PRINCIPAL Continued Total Receipts of Principal 2 Fiduciary Acquisition Value 25.819.61 SCHEDULE C DISBURSEMENTS OF PRINCIPAL Debts of Decedent 0311912007 Members First Federal Credit Union Checking 242.12 Account - checks clearing after date of death 0312212007 Cinda Markley - reimbursement for fuel 011 paid 134.64 for decedent 0312212007 Joyce Palm - 2006 income tax preparation 15.00 Total Debts of Decedent 391.76 Funeral EXDenses 0312212007 Hoffman-Roth Funeral Home 8,260.49 Total Funeral Expenses 8,260.49 Administration Expenses 02116/2007 Register of Wills, Cumberland County - Letters 117.00 Testamentary and Short Certificates 0311512007 Cumberland Law Journal - advertising Letters 75.00 Testamentary 0312012007 Register of Wills, Cumberland County - Short 4.00 - 04/05/2007 The Sentinel- advertising Letters Testamentary 187.85 06121/2007 Linda K. Klein - notary fee 20.00 06/21/2007 Register of Wills, Cumberland County - filing PA 15.00 Inheritance Tax Return 06/21/2007 Weigle & Associates, P .C. - reserve for filing 75.00 Family Settlement Agreement with Register of Wills, Cumberland County 06/2112007 Weigle & Associates, P.C. - reimbursement for 23.00 postage, xerox copies, and long distance telephone calls 3 SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued Total Miscellaneous Administrative Expenses 516.85 Federal. State & Local Taxes 0410212007 Register of Wills, Cumberland County - PA 130.00 Inheritance Tax at discount 06/21/2007 Register of Wills, Cumberland County - balance 4.45 of PA Inheritance Tax Total Taxes 134.45 Fees 06/21/2007 Weigle & Associates, P .C. 750.00 Total Fees 750.00 TOTAL DISBURSEMENTS OF PRINCIPAL 10.053.55 4 # Units PRINCIPAL BALANCE ON HAND Description Cash Estate Funds Total Cash 5 Current Value 09/27/2007 or as Noted 15.766.06 15.766.06 15.766.06 Fiduciary Acquisition Value 15.766.06 15.766.06 15.766.06 SCHEDULE G RECEIPTS OF INCOME Interest/Bank Members First Federal Credit Union Certificate of DeDosit #107233-41 03119/2007 final interest at closing Members First Federal Credit Union Investment Savinas Account 03/19/2007 final interest at closing Sovereian Bank Certificate of DeDosit #2895373237 03/20/2007 final interest at closing TOTAL BANK INTEREST TOTAL RECEIPTS OF INCOME 6 0.67 0.67 1.03 1.03 1.39 1.39 3.09 3.09 # Units INCOME BALANCE ON HAND Description ~ Estate Funds Total Cash 7 Current Value 09/27/2007 or as Noted 3.09 3.09 3.09 Fiduciary Acquisition Value 3.09 3.09 3.09 # Units COMBINED BALANCE ON HAND Description Cash Estate Funds Total Cash 8 Current Value 09/27/2007 or as Noted 15.769.15 15.769.15 15.769.15 Fiduciary Acquisition Value 15.769.15 15.769.15 15.769.15 PROPOSED DISTRIBUTIONS TO BENEFICIARIES Current Value Fiduciary 09/27/2007 Acquisition or as noted Value TO: Bonnie M. Sheaffer One-half estate - CASH 7.884.57 7.884.57 7.884.57 7.884.57 TO: Cinda M. Marklev One-half estate - CASH 7.884.58 7.884.58 7.884.58 7.884.58 Total 15.769.15 15.769.15 9 . In the Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. 21-07-0154 Estate of Eva L. Throne, Deceased Verification Cinda M. Markley and Bonnie M. Sheaffer, Co-Executrices under the Last Will and Testament of Eva L. Throne, Deceased, hereby declare under oath that they have fully and faithfully discharged the duties of their 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 his/her knowledge, there are no claims now outstanding against the Estate; that all taxes presently due from the Estate have been paid; and that the grant of Letters Testamentary and the first complete advertisement thereof occurred more than four months before the foregoing Account. This statement is made subject to penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. C lj(rh- ~. 'JJ( ~ ~ Clnda~ - V tlLJI__ ~ - --- n Bonnle'M. She~ Dated: 10 - :; -0 7 10