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Home My WebLink About08-01-02 (3) . . . . . IN THE MATTER OF THE REVOCABLE TRUST OF MILDRED J. GERBER AS REVISED AND AMENDED COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NO. 2\- o 'l.-b"1f 0 CERTI FICA TION TO: Clerk of Cumberland County Re: First and Final Account of Orphans' Court Fred E. Gerber, II, Trustee I hereby certify that the requirements of the Cumberland County Orphans' Court Rule 6.3- 1 have been met with respect to the First and Final Account, referenced above, filed this date. Date: JulyS, 2002 , Her e G. Rupp, Jr., E and Meikle Supreme Court ID No. 01597 355 North 2pt Street, Suite 205 Camp Hill, PA 17011 (717) 761-3459 Attorney for Accountant r ~. ~..~ ~-"-''''''''''''\,~.-'-- ,- 1.11' Ii - t ;;lih !; ~~llJ"illl IUDJUnO:>:>'V JO! AaUJOII'V 151,11 II ! ,~ 115 ~ i! .~ 6~v&- L9l (l Ll) ~~ i t j;j~ L LOl L 'Vd 'II!H dWDJ ~tl' lJ~1 ~Ol aHns 'laaJIS ~sLl4IJON ~~& ~lil ~I ~Q) l6~ LO 'oN OIlJnoJ awaJdns 1( . I oQ; - il ii~~ apl!aw PUD 11~ IHldnn aJ!nbS3 I'Jr 'ddn~ .~ lJa JaH '0 I ~ ! nl-iul 331Sn~1/1l/~3a~3~ '3 a3~::! ~ ~ ! ~ '& ~ i ::!O INnOJJ'V l'VNI::! aN'V lS~I::! ~~l!jf~t 15~ J~~~ g~ ~llr'\ Ov~-lO- Ll 'ON ~~.8'5 I NOISIAla l~nOJ ,SN'VHd~O ~i~ill I~ 'VIN'VA1ASNN3d 'AlNnOJ aNV1~3aWnJ ::!O S'V31d NOWWOJ ::!O l~nOJ t<!itll\llll~ a3aN3Wv' aN'V a3SIA3~ ill i lI" ~ S'V ~3a~3~ T a3~allW ::!o lsn~l I!h" f~H 31a'VJOA3~ 3Hl ::!o ~311'vW 3Hl NI LAW OFFICES (J RUPP AND MEIKLE A PROFESSIONAL CORPORATION 355 NORTH 21ST STREET, SUITE 205 iL._ CAMP HILL, PA 17011 ~.."..~ IN THE MATTER OF THE REVOCABLE TRUST OF MILDRED J. GERBER AS REVISED AND AMENDED COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NO. 21-02-054l CERTIFICATION TO: Clerk of Cumberland County Re: Amendment and Supplement to Orphans' Court First and Final Account of Fred E. Gerber, II, Trustee I hereby certify that the requirements of the Cumberland County Orphans' Court Rule 6.3- 1 have been met with resped to the Amendment and Supplement to First and Final Account, referenced above, filed this date. Date: August 1,2002 ~~~I He ert . Rupp, Jr., Es Ir- Rupp and Meikle Supreme Court ID No. 01597 355 North 21 sl Street, Suite 205 Camp Hill, PA 17011 (717) 761-3459 Attorney for Accountant \.1 ,.1 .~ t") \ I I ~i ,-, _.~ .,J 1.- / I , ;.'G AMENDMENT AND SUPPLEMENT TO FIRST AND FINAL ACCOUNT for the "Revocable Trust" established by Mildred J. Gerber on December 19, 1997, and amended on August 2, 1999 and January 25,2001. Stated by: Fred E. Gerber, II, Successor Trustee Date of Trustee's first receipt of funds: January 1, 1998 Account stated for the period: January 1, 1998 to December 31, 2001 Purpose of the account: the Trustee offers this Amendment and Supplement to his First and Final Account to acquaint interested parties with the transactions that have occurred during his administration of the Trust. It is important that this Amendment and Supplement to his First and Final Account be carefully examined. Request for additional information or questions or objections can be discussed with: Frederick E. Gerber, " 4287 Kearney Lane Fairfax, VA 22033 or Herbert G. Rupp, Jr., Esquire Rupp and Meikle 355 North 21 st Street, Suite 205 Camp Hill, PA 17011 717-761-3459 Q SUMMARY OF AMENDMENT AND SUPPLEMENT TO ACCOUNT JANUARY 1,1998 TO DECEMBER 31, 2001 Page AMENDED SUMMARY OF AMENDMENT AND SUPPLEMENT 1 TO ACCOUNT - JANUARY 1, 1998 TO DECEMBER 31, 1998 SUPPLEMENT TO DISBURSEMENTS OF PRINCIPAL/INCOME 5 (1999 and 2001) AMENDMENT TO PREVIOUS DESCRIPTION (2001) 5 SUPPLEMENT TO DISBURSEMENTS OF PRINCIPAL/INCOME 6 TO BENEFICIARIES (2001) NOTES TO DISBURSEMENTS OF PRINCIPAl/INCOME 6 AMENDED SUMMARY OF AMENDMENT AND SUPPLEMENT TO ACCOUNT January 1, 1998 to December 31, 1998 Page PRINCIPAL RECEIPTS 2 $ 459,103.81 INCOME RECEIPTS 2-3 $ 27,598.84 Total Receipts $ 486,702.65 DISBURSEMENTS OF PRINCIPAL/INCOME 4 $ 8,870.16 Balance $ 477,832.49 DISBURSEMENTS TO BENEFICIARIES 4 $ 933.43 PRINCIPAL/INCOME UNREALIZED GAIN 4 $ 192.48 BALANCE ON HAND FOR FUTURE 4 $ 477,091.54 ACCOUNTING NOTES TO ACCOUNT 4 1 AMENDMENT AND SUPPLEMENT TO ACCOUNT RECEIPTS OF PRINCIPAL 1998 SCHWAB ACCOUNT 11882.3422 shares at 17.6875 Nuveen PA Invt. Qlty Mun $ 210,168.93 23685.526 shares at 10.5100 Strong High Yield Muni B $ 248,934.88 NET VALUE SCHWAB ACCOUNT ..... $ 459,103.81 INCOME RECEIPTS 1998 01/30/98 Strong High Yield Muni B $ 1,146.36 02/02/98 Nuveen PA Invt. Qlty Mun $ 998.12 02/17/98 Schwab Money Market Fund $ 3.00 02/27/98 Strong High Yield Muni B $ 1,058.99 03/02/98 Nuveen PA Invt. Qlty Mun $ 998.12 03/16/98 Schwab Money Market Fund $ 11.00 03/31/98 Strong High Yield Muni B $ 1,122.29 04/01/98 Nuveen PA Invt. Qlty Mun $ 998.12 04/16/98 Schwab Money Market Fund $ 20.00 04/30/98 Strong High Yield Muni B $ 1,121.34 05/01/98 Nuveen PA Invt. Qlty Mun $ 998.12 05/15/98 Schwab Money Market Fund $ 29.00 OS/29/98 Strong High Yield Muni B $ 1,176.06 06/01/98 Nuveen PA Invt. Qlty Mun $ 998.12 06/15/98 Schwab Money Market Fund $ 39.00 06/30/98 Strong High Yield Muni B $ 1,139.20 07/01/98 Nuveen PA Invt. Qlty Mun $ 998.12 07/15/98 Schwab Money Market Fund $ 46.00 07/31/98 Strong High Yield Muni B $ 1,236.84 2 08/03/98 Nuveen PA fnvt. Qlty Mun $ 998.12 08/17/98 Schwab Money Market Fund $ 61.71 08/31/98 Strong High Yield Muni B $ 1,110.81 09/01/98 Nuveen PA fnvt. Qlty Mun $ 998.12 09/15/98 Schwab Money Market Fund $ 63.45 09/30/98 Strong High Yield Muni B $ 1,128.38 10/01/98 Nuveen PA fnvt. Qlty Mun $ 998.12 10/15/98 Schwab Money Market Fund $ 73.44 10/30/98 Strong High Yield Muni B $ 1,207.31 11/02/98 Nuveen PA fnvt. Qlty Mun $ 998.12 11/16/98 Schwab Money Market Fund $ 85.34 11/30/98 Strong High Yield Muni B $ 1,093.70 12/01/98 Nuveen PA fnvt. Qlty Mun $ 998.12 12/28/98 Nuveen PA fnvt. Qlty Mun $ 998.12 12/31/98 Schwab Money Market Fund $ 125.09 1 2/31 /98 Strong High Yield Muni B $ 1,298.35 TOTAL $ 26,374.10 CAPITAL GAINS 1998 Date Description Amount 12/28/98 Nuveen PA fnvt. Qlty Mun Capital Gains Dividend $ 7.13 12/28/98 Nuveen PA fnvt. Qlty Mun Short Term Capital $ 46.34 Gains 12/29/98 Strong High Yield Muni B Capital Gains Dividend $ 219.62 12/29/98 Strong High Yield Muni B Short Term Capital $ 951.65 Gains TOTAL $ 1,224.74 . TOTAL INCOME. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $27,598.84 3 DISBURSEMENT OF PRINCIPAL/INCOME 1998 Date Payee Description Amount 12/23/98 Rupp and Meikle Legal Services $ 8,870.16 TOTAL . . . . . . . . . . . . . $ 8,870.16 DISBURSEMENT OF PRINCIPAL/INCOME TO BENEFICIARIES 1998 Date Payee Description Amount 12/12/98 Col. Fred Gerber Reimbursement Receipts $ 649.29 12/24/98 Circuit City TV for Mildred $ 284.14 TOTAL $ 933.43 TOTAL DISBURSEMENTS OF PRINCIPAL/INCOME .............. $9,803.59 PRINCIPAL BALANCE ON HAND DECEMBER 31,1998 SCHWAB ACCOUNT 11882.3422 shares at 18.0625 Nuveen PA Invt. Qlty Mun $ 214,624.81 23685.526 shares at 10.3300 Strong High Yield Muni B $ 244,671.48 16496.90 shares at 1.0000 Schwab Money Market Fund $ 16,496.90 Cash balance $ 1,298.35 NET VALUE .......................... $ 477,091.54 NOTE TO ACCOUNT 1. The unrealized gain on investments for this accounting period, as computed by the Trustee's C.P.A. - the difference between the value of the investments when received and the value of the investments on the day of the accounting period - is $192.48. 4 SUPPLEMENT TO DISBURSEMENTS OF PRINCIPAL/INCOME PREVIOUSLY STATED AS WIRE TRANSFERS BUT WITHOUT EXPLANATION YEAR 1999 Date Payee Description Amount 02/24/99 Union National Bank Fred E. Gerber advance $ 17,700.00 against his Estate share at instruction of Mildred J. Gerber, beneficiary and Trustor YEAR 2001 Date Payee Description Amount 1/23/01 Sun Trust Bank Gift to Fred E. Gerber $ 30,000.00 by instruction of Mildred J. Gerber, beneficiary and Trustor 1/24/01 Orrstown Bank Jacqueline Verney, Esq. $ 1,500.00 for legal fees for Mildred J. Gerber 3/20/01 Orrstown Bank Jacqueline Verney, Esq. $ 1,500.00 for legal fees for Mildred J. Gerber AMENDMENT TO PREVIOUS DESCRIPTION YEAR 2001 OS/24/01 AI/first Bank Rupp and Meikle _ $ 500.00 reimbursement for fees of handwriting expert _ Previously stated as legal fees 5 SUPPLEMENT TO DISBURSEMENTS OF PRINCIPAL/INCOME TO BENEFICIARIES PREVIOUSLY STATED AS WIRE TRANSFERS BUT WITHOUT EXPLANATION YEAR 2001 Date Payee Description Amount 01/23/01 PNC Bank Mildred J. Gerber for $ 1,000.00 living expenses, etc. 5/30/01 PNC Bank Mildred J. Gerber for $ 25,000.00 medical expenses, living expenses, etc. NOTES TO DISBURSEMENTS OF PRINCIPAL/INCOME TRUSTEE'S COMPENSATION AND FEES Fred E. Gerber, II, Trustee Commissions on receipts of income $ 4,723.48 to be billed to Trustee and Guardian of Estate of Mildred J. Gerber based on 5% of receipts Administration Fee to be billed to $ 7,000.00 Trustee and Guardian of Estate for Mildred J. Gerber based on 4 years of administration on assets of $459,103.00 at 1.5%+ Filing First and Final Account $ 182.00 Filing Amendment and Supplement to be to First and Final Account determined 6 Signature page to the Amendment and Supplement to First and Final Account of Fred E. Gerber, II for Revocable Trust of Mildred J. Gerber. - .,,( Date: jt(_A, 0 L -- (/ I r, II, Trustee . . , AMENDED AFFIDAVIT TO FIRST AND FINAL ACCOUNT FREDERICK E. GERBER, II, Trustee under the Revocable Trust established by Mildred J. Gerber on December 19, 1997 and amended on August 2, 1999 and January 25, 2001, hereby declare under oath that he has fully and faithfully discharged the duties of his office; that the foregoing Amendment and Supplement to First and Final Account is true and correct and fully together with the First and Final discloses all significant transactions occurring during the accounting period; that all known claims against the Trust during the accounting period have been paid in full except Trustee's Commissions, Administration Fees, Legal Fees and Costs; that, to his knowledge, there are no claims now outstanding during the accounting period against the Trust except Trustee's Commissions, Administration Fees, Legal Fees and Costs; and that all taxes due during his administration of the Trust have been paid. (-~ . FREDERIC~&.--~ERBER, II, TRUSTEE Subscribed, sworn to and acknowledged before me by FREDERICK E. GERBER, II, Trustee, this -!4>TL""'dayof 7du- ,2002. (j ~-U/ ~"~ ~~j Notary Public ~~ ~^-,,~_J - ," Le - ~ :;zoo ,,:1 ~o." .p-h