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HomeMy WebLinkAbout01-15-08 (2) , v JI COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' DIVISION No. 21-07-0605 PROPOSED FIRST ACCOUNT OF C) c~~o '. ::n -'Tl I.C) . :r- ..:>' ;-:-, -=::J Christal A. Burns For PAULINE L. SHANK ESTATE Date of Death: Date of Executors' Appointment: First Complete Advertisement of Accounting for the Period: 6/10/07 6/22/07 Letters: 7/6/07 6/22/07 - 8/1/07 ", '::::.') C-.";:") = c_ ;7::. :;.e- --'~'"-'. U1 -0 =~ N C) N Purpose of Account: Christal A. Burns, Personal Representative, offers this account to acquaint interested parties with the transactions that have occurred during her administration. It is important that the account be carefully examined. Requests for additional information or questions or objections can be discussed with: David R. Morrison, Esq. 600A Eden Road Lancaster, PA 17601 (717) 560-1500 I SUMMARY OF ACCOUNT Current Value Paqe PRINCIPAL Receipts 3 $ 51,352.53 4 $ 4,593.39 5,179.25 1.200.00 $(10.972.64) $ 40,379.89 (13.459.95) $ 26,919.94 DISBURSEMENTS Debts of Decedent Administration Expenses PA Inheritance Tax - ESTIMATE 4 Balance before Distributions Less the 1/3 Election Amount held back until July 6, 2008* $( 5.000.00) $ 21,919.94 principal Balance on Hand 'Creditors have one year from the date of advertisement (7/6/08) to submit a bill for payment. For this reason, we are holding back $5,000.00. After July 6, 2008, the balance remaining will be distributed equally to the two beneficiaries. 2 I' RECEIPTS OF PRINCIPAL Assets Listed in Inventory (Valued as of Date of Death) Fiduciary Acquisition Value Cash: M&T Bank: Christmas Club Account Checking Account Money Market Account Interest on above accounts $ 1,350.55 2,324.80 47,100.00 52.03 Commonwealth of PA - revenue rebate 500.00 Refunds: Embarq - phone service refund Comcast $ 22.35 2.80 $ 51,352.53 3 " Date 6/27/07 " " " " " " 8/1/07 " " " 8/15/07 " not yet paid not yet paid 8/21/07 DISBURSEMENTS OF PRINCIPAL Debts of Decedent Embarq - phone service Lane. HMA Phys. Mgmt. Cen. Penn Comcast Pinker and Assoc. - podiatrist Retail Services - Bon Ton credit card David Sheibley - trash removal PP&L Moffitt Heart & Vascular Group Physicians of Rehab., Ind., & Spine Belvedere Medical Corp. PP&L Carlisle Regional Med. Center Phys. Rehabilitation Anticipated hospital bill - estimate Administration Expenses Christal A. Burns - exec. commission David R. Morrison - partial fee Register of Wills - Letters fee The Sentinel - advertisement Cumberland Law Journal - advertisement David R. Morrison - balance of fee State Inheritance Taxes Register of Wills, Agent - partial 4 $ 41. 36 32.17 8.19 14.93 184.16 75.00 15.53 52.86 25.29 122.47 18.66 992.00 10.77 3,000.00 $ 4,593.39 $ 1,500.00 1,750.00 128.00 158.62 75.00 1,567.63 $ 5,179.25 $ 1,200.00 #" ... PROPOSED DISTRIBUTIONS TO BENEFICIARIES Per Article I of my Will: $ 21,919.94 To: Christal A. Burns 50% $ 10,959.97 50% $ 10.959.97 To: Michael A. Shank $ 21,919.94 Christal A. Burns, Personal Representative, under the Last Will and Testament of Pauline L. Shank, deceased, hereby declares under penalties of perjury that she has fully and faithfully discharged the duties of her 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 her knowledge, there are no claims outstanding against the Estate; and that all taxes presently due from the estate have been paid. ~~A~AJAJ\1Ji) Cr('~'. 5