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Home My WebLink About12-13-85 COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVANIA ORPHANS' COURT DIVISION NO. 21-78-0442 ESTATE OF SARAH MCCREA CHAPMAN JONES, DECD. LATE OF LOWER MIFFLIN TOWNSHIP FIRST AND FINAL ACCOUNT OF FARMERS TRUST COMPANY AND JOHN M. MCCREA III, CO-EXECUTORS Date of Death: July 28, 1978 Letters Granted: August 16, 1978 First Complete Advertisement of Grant of Letters: September 15, 1978 Account Stated to December 13, 1985 SUMMARY AND INDEX Pages PRINCIPAL Receipts Net Gain on Conversions 2 2-7 Less Disbursements 7-9 Distributions to Beneficiares 9-11 Investments 11 Capital Changes 11-13 Principal Balance Remaining INCOME Receipts Less Disbursements 13-15 15 Distributions to Beneficiares 15-18 Income Balance Remaining COMBINED BALANCE REMAINING j:~C;'; 1J_O ;~.(~r ''er') ,c:;\)d 1,289,182.09 80 , 740 . 11 1,369,922.20 508,742.67 861,179.53 855,004.88 314,396.25 32,535.41 281,860.84 279,910.02 6,174.65 1,950.82 *====~:?:1~~~~Z COMPOSITION OF NET BALANCES PRINCIPAL Note--John McCrea, III Cash Cash 12/31/79 4/15/81 6/5/85 INCOME PRINCIPAL RECEIPTS Inventory Filed Per Copy of Inventory Attached Subsequent receipts Pro Rated Real Estate Taxes Bucks County Share of Escrow Acct. Katherine Jane Weist McCrea Estate Refund Federal Estate Tax Return Total Principal Receipts 10/5/78 10/5/78 10/5/78 PRINCIPAL CONVERSIONS INTO CASH 40 shs. American Can Co. Proceeds Inventoried at 1,526.84 1,675.00 124 shs. Commonwealth National Bank Proceeds 4,309.00 Inventoried at 4,340.00 5 shs. IBM Proceeds Inventoried at 1,378.37 1,387.50 2 II~rR 1".{!' ~lr~ 0.r>4 > :'~. ~. J.. U ref ,c.;;o,,:,,: 1,203.40 824.82 3,779.47 Gain 2,500.00 3,674.65 !==~~1Z~~~~ L=h2~g~~~ 1,283,374.40 5,807.69 !=1~~~2~1~~~g2 Loss 148.16 31. 00 9.13 10/5/78 10/5/78 10/11/78 10/11/78 10/11/78 10/12/78 10/12/78 10/12/78 10/12/78 10/12/78 28 shs. RCA Corp. Proceeds Inventoried at 799.86 805.00 160 shs. Westinghouse Electric Corp. Proceeds 3,386.66 Inventoried at 3,790.00 25M par Chambersburg PA G.O. 5.25% 5/15/84 Proceeds 22,539.75 Inventoried at 21,656.25 50M par Commonwealth of PA 3.60% 11/83 Proceeds 43,777.50 Inventoried at 42,812.50 50M par Phi1a. School Dist. 3.25% 3/1/85 Proceeds 37,003.00 Inventoried at 35,500.00 10M par Abington Sch. Dist. 3.65% 4/1/94 Proceeds 7,195.90 Inventoried at 6,637.50 10M par Bethlehem PA City Center 3.25% 12/1/88 Proceeds 7,422.90 Inventoried at 7,300.00 5M par Delaware Co. Vo-Tech 3.50% 5/1/91 Proceeds 3,625.90 Inventoried at 3,306.25 50M par General State Auth. of PA 3.30% 7/15/89 Proceeds 36,714.50 Inventoried at 35,000.00 15M par PA General State Auth. 3.50% 7/15/91 Proceeds 10,648.95 Inventoried at 10,162.50 3 j' ..."'l 1" r-. .:~c. _"":_~ ::. r r r:rr::; ~O_> . ;;," 5.14 403.34 883.50 965.00 1,503.00 558.40 122.90 319.65 1, 714.50 486.45 10/12/78 10/18/78 10/18/78 10/18/78 10/18/78 10/18/78 10/19/78 50M par PA State G.O. Hwy. 4.50% 2/1/02 Proceeds 37,525.00 Inventoried at 34,687.50 2,837.50 50M par Brandywine Area Sch. Dist. 3.70% 12/1/88 Proceeds 39,000.00 Inventoried at 37,312.50 1,687.50 50M par Chester Water Auth. 4.15% 12/1/97 Proceeds 36,812.50 Inventoried at 34,000.00 2,812.50 25M par Lewes DE Sanitary Sewer System 4% 1/1/91 Proceeds 18,480.75 Inventoried at 19,093.75 613.00 30M par National Capital Housing Auth. 3.75% 5/1/91 Proceeds 24,572.10 Inventoried at 23,362.50 1,209.60 25M par PA State Public Sch. Bldg. Auth. 6.25% 11/1/96 Proceeds 24,838.75 Inventoried at 23,500.00 1,338.75 20M par Hampden Twp. Rec. Bond 5.875% 4/15/97 Proceeds 20,400.00 Inventoried at 16,800.00 3,600.00 11/7/78 1975 Oldsmobile Omega Proceeds 3,250.00 Inventoried at 3,000.00 250.00 1/15/79 Walnut and Cherry Worktable to John McCrea, III Proceeds 260.00 Inventoried at 225.00 35.00 1/15/79 Teakwood Storage Chest to John McCrea, III Proceeds 705.00 Inventoried at 675.00 30.00 4 I~'" 1 ~ 0 i". r, _~ L U ~~~~ 266 4/30/79 4/30/79 4/30/79 4/30/79 4/30/79 4/30/79 4/30/79 4/30/79 5/14/79 7/17/79 540 shs. Exxon Corp. Proceeds Inventoried at 806 shs. General Motors Corp. Proceeds Inventoried at 27,882.45 24,840.00 3,042.45 47,527.01 50,022.38 544 shs. Goodyear Tire & Rubber Co. Proceeds 9,489.65 Inventoried at 9,418.00 175 shs. Kraftco Corp. Proceeds Inventoried at 71. 65 7,850.91 8,246.88 300 shs. Pennsylvania Power & Light Co. Proceeds 5,822.79 Inventoried at 6,375.00 1000 shs. Riggs National Bank Proceeds Inventoried at 700 shs. Union Carbide Corp. Proceeds Inventoried at $100 par RCA Corp. 4.50% 8/1/92 Proceeds Inventoried at 37,986.45 37,250.00 736.45 26,115.30 27,650.00 65.50 72.31 Lots 7 and 8 Upper Makefie1d Twp. Bucks Co. Proceeds 30,000.00 Inventoried at 10,000.00 Furniture Proceeds Inventoried at . \3l ~ 1 ~ P _._:c .... J..'J - 20,000.00 1,247.50 3,300.00 6 ''''('Q ";U'J 2,495.37 395.97 552.21 1,534.70 6.81 2,052.50 11/21/79 11/29/84 1/31/85 Totals Property Upper Makefield Twp. Bucks Co. Proceeds 288,330.00 Inventoried at 239,300.00 49,030.00 Swan Development Co. Proceeds Inventoried at 10,131. 91 10,131. 91 50M par U.S. Treasury Notes 9.25% 1/31/85 Proceeds 50,000.00 Inventoried at 49,967.19 32.81 93,395.61 Net Gain on Conversions 8/7 /78 8/11/78 8/17/85 8/18/78 8/21/78 8/24/78 8/30/78 9/1/78 9/11/78 9/20/78 PRINCIPAL DISBURSEMENTS Penn Fuel Gas David Hartzell, M.D. Graham Medical Clinic Fred Heckman, services Chapman Lodge Elizabeth Schiffman, jewelry appraisal Register of Wills, Letters Testamentary John McCrea, III, reimburse for grave opening Fred Wardecker, witness fee Harris Assoc. P.A. United Telephone Co. Leland Patterson, M.D. and Richard Somma, M.D. Masland Assoc., Inc. William Piper, placement of gate at Chapman Lodge Key to Chapman Lodge First National Bank of Newville, safe deposit box rent Cumberland Law Journal, advertising Letters Testamentary The Evening Sentinel, advertising Letters Testamentary Adams Electric Co-Op Elizabeth Schiffman, jewelry appraisal George Ebener, real estate appraisal Fred Heckman, services Chapman Lodge Harold McGowan, truck inspection Donald Hopcraft Insurance Agency, homeowners policy Egger Funeral Home, funeral expenses Bellaire House, funeral lunch 7 IJ3t-~ 1~1_Q ~~rr q('n.. r" 1 ~ t,J ._ 12,655.50 ~==~~J,Z~~,;11 6.00 20.00 10.00 76.00 50.00 177 . 00 15.00 10.00 44.00 45.23 55.00 175.00 135.69 .84 7.00 18.00 16.65 20.43 50.00 125.00 52.00 60.24 327.00 365.00 212.00 9/20/78 9/26/78 9/28/78 9/28/78 10/5/78 10/10/78 10/12/78 10/16/78 10/23/78 10/24/78 10/30/78 11/1/78 11/28/78 12/5/78 12/28/78 12/29/78 1/5/79 1/26/79 1/26/79 2/1/79 3/7 /79 3/22/79 4/11/79 4/20/79 4/24/79 4/27/79 4/30/79 5/2/79 5/14/79 7/12/79 7/17/79 12/31/79 Notary fee Agway Petroleum Corp. Adams Electric Co-Op John McCrea, III, partial attorney fee Virginia Burger, Tax Collector, Bucks Co. real estate taxes aIde Bedford Shoppes, appraisal of personal property Hoover's Plumbing & Heating, Inc. replace smokepipe, repairs to water line and comode Fred Heckman, services Chapman Lodge Adams Electric Co-Op Postage-registered mail and insurance Notary fees Zeigler's Storage & Transfer The VAlley Times-Star, advertising Letters Testamentary Eric Dejonge, appraisal of personal property Register of Wills, partial Pennsylvania Inheritance Tax Notary fees Chimney Sweeps of Chambersburg, service Chapman Lodge Montgomery Ward Notary fees Register of Wills, partial Pennsylvania Inheritance Tax United Telephone Co. John McCrea, III, reimburse for check drawn prior to death Katherine Jane Weist McCrea Estate, balance due land from Cressler Farm Notary fee Hazel DeWalt, cleaning and mileage Robert Suloman, appraisal of Chapman Lodge Zeigler's Storage & Transfer, moving furniture from storage Olde Bedford Shoppes, appraisal of sterling flatware Troy Laundry & Dry Cleaning Hugh Eastburn, Realtors, appraisal Bucks Co. real estate Virginia Burger, Tax Collector, Bucks Co. real estate taxes Recorder of Deeds, filing Releases Internal Revenue Service, income tax due PA Dept. of Revenue, income tax due R. Gerald Lackey, coin appraisal Certified Copy of Will Notary fees District Director Internal Revenue Service, Federal Estate Tax due Register of Wills, filing Pennsylvania Inheritance Tax Return Register of Wills, balance Pennsylvania Inheritance Tax Marjorie Walter, Tax Collector, real estate taxes Chapman Lodge Settlement Costs Lots 7 and 8 Bucks County Virginia Burger, Tax Collector, Bucks Co. real estate taxes Rowe's Auction Barn, sale of personal property Virginia Burger, Tax Collector, tax certificate Heritage Abstract Co. settlement fee Hugh Eastburn, Realtor, 1/2 commission Bucks Co. property 8 1" ~ r~ USLi\ _~ u'~ 'J '1'10 ~ I'~ p~J:r 1.00 49.95 32.08 5,000.00 2,598.44 50.00 59.20 42.00 6.00 113.84 4.00 45.75 6.00 375.00 32,000.00 2.00 85.00 12.50 2.00 5,000.00 13.10 25.00 2,138.00 1.00 53.00 75.00 53.59 46.08 16.42 250.00 794.46 61. 00 5,662.00 433.00 25.00 2.00 6.00 307,247.24 6.00 37,160.20 452.10 231. 00 2,322.27 318.87 15.00 15.00 8,649.90 12/31/79 2/4/80 3/14/80 3/18/80 5/30/80 10/6/80 10/20/80 10/20/80 12/4/80 12/16/80 3/21/81 6/9/81 3/1/82 3/2/82 3/19/82 5/27/83 9/6/83 12/12/83 1% Real Estate Transfer Tax John McCrea, III, Executor's fee John McCrea, III, partial attorney fee PA Dept. of Revenue, balance income tax due McNees, Wallace & Nurick, professional services District Director Internal Revenue Service, partial Federal Estate Tax due John McCrea, III, partial attorney fee Hefflefinger's Building Restorations, repair Susan McElwaine and Robert and Jane McElwaine monuments Hefflefinger's Building Restorations, monument for Sarah McCrea Jones Hefflefinger's Building Restorations, balance due as per agreement on marker for Katherine J.M.W. McCrea Farmers Trust Co., partial executor's fee Hugh B. Eastburn, Realtor, balance commission Bucks Co. Property John McCrea, III, partial attorney fee John McCrea, III, partial attorney fee John McCrea, III, partial attorney fee Clerk, U.S. Tax Court filing fee Internal Revenue Service, balance due deficiency McNees, Wallace & Nurick, legal services Notary fee Notary fee Notary fee Reserved: John McCrea, III, Esquire, balance attorney fee Farmers Trust Co., balance executor fee Farmers Trust Co., 1985 income commission Closing and Filing Costs Total Principal Disbursements 8/17/78 10/24/78 10/24/78 10/30/78 PRINCIPAL DISTRIBUTIONS TO BENEFICIARIES John McCrea, John McCrea, John McCrea, Jean Shannon Fred Heckman Margaret Heberlig Alberta Boldosser John E. Morris, III Custodian John E. Morris, IV, Gail A. Morris and Mark E. Morris Dickinson School of Law Jean Shannon McCrea Heckman, Custodian Shannon M. Heckman and Benjamin J. Heckman Hamilton Library & Cumberland County Historical Society John Morris, III St. John's Episcopal Church Vellore Christian Medical College Board III III III Custodian Liffi K. McCrea Heckman McCrea and Gregory J. McCrea 9 1_1~~r :-;.71 1 .~ (' ~I,=~ '- i .1- _k.LJ 2,883.30 6,896.74 13,103.26 51. 50 532.80 8,000.00 2,500.00 450.00 2,332.62 367.00 13,000.00 8,649.90 5,000.00 5,000.00 2,500.00 10.00 4,999.79 201. 84 1.50 1.50 1.50 1,380.44 14,586.96 2,411.95 250.00 !==~Q~4,Z~~~~Z 2,000.00 18,000.00 2,000.00 20,000.00 1,000.00 1,000.00 1,000.00 3,000.00 1,000.00 2,000.00 1,000.00 20,000.00 1,000.00 1,000.00 10/30/78 10/31/78 11/2/78 11/3/78 11/3/78 11/7 /78 11/10/78 11/13/78 11/15/78 11/24/78 11/27/78 12/29/78 1/12/79 1/15/79 Lawrenceville School Brown University Dickinson College Jane McCrea Morris St. Thomas Episcopal Choir School Domestic and Foreign Missionary Society of the Episcopal Church Episcopal Diocese of Central PA Endowment Fund Margaret C. McCrea Blaze Margaret C. McCrea Blaze Custodian Margaret Blaze and Clifford Blaze, Jr. First United Presbyterian Church of Newville John Graham Library Assn. Farmers Trust Company and John McCrea, III Trustees FBO Elizabeth Norcross McCrea Farmers Trust Company and John McCrea, III Trustees FBO Katherine Jane Morris Farmers Trust Company and John McCrea, III Trustees FBO Chapman Lodge Distributed In Kind Personal Property at Chapman Lodge to Farmers Trust Company and John McCrea, III Trustees FBO Chapman Lodge Distributed In Kind Chapman Lodge to Farmers Trust Company and John McCrea, III Trustees FBO Chapman Lodge Episcopal Home for the Aged Rebecca Smith Custodian Heidi Smith, Joseph Smith and Rebecca Smith Rebecca Smith Trinity Episcopal Church St. Lukes Episcopal Church Ronald and Alberta Wiley Dora David St. Andrews Episcopal Church of Yardley Holy Trinity Episcopal Church Anna Zachariah National Trust for Scotland John McCrea, III Distribution under Paragraph Fourth of Codicil Distributed In Kind Carved Oak Sideboard to Henry Chapman Distributed In Kind Oak Case Grandfather Clock to Henry Chapman Distributed In Kind Goddard type desk to Henry Chapman Distributed In Kind Walnut Grandfather Clock to Karen E. Chapman Distributed In Kind Walnut Tip-Top Table to Karen E. Chapman Distributed In Kind Sterling Silver Flatware, Snowdrop pattern to Chapman Children Distributed In Kind 5 shs. First National Bank of Newville to John McCrea, III Distributed In Kind 6 shs. First National Bank of Newville to Margaret McCrea Blaze Distributed In Kind 6 shs. First National Bank of Newville to Rebecca M. Smith 10 .1"\; R A _~ ,-~ .tJ'0 ,<'jf') r.;. i ,:'.., "I - ~ 5,000.00 10,000.00 5,000.00 20,000.00 5,000.00 1,000.00 5,000.00 20,000.00 2,000.00 1,000.00 1,000.00 5,000.00 20,000.00 35,000.00 59,725.00 63,500.00 1,000.00 3,000.00 20,000.00 1,000.00 5,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 9,498.24 550.00 600.00 975.00 4,000.00 2,500.00 1,380.00 275.00 330.00 330.00 1/15/79 1/18/79 1/19/79 1/30/79 2/28/79 3/22/79 10/16/85 Distributed In Kind 6 shs. First National Bank of Newville to Raymond Heckman, Jr. and Jean McCrea Heckman Rebecca M. Smith Margaret M. Blaze Farmers Trust Company and John McCrea, III Trustees FBO Chapman Lodge Jean Heckman Distributed In Kind $500 par u.S. Series E Bond to Karen Chapman Distributed In Kind $500 par u.S. Series E Bond to Katherine Chapman Distributed In Kind $500 par u.S. Series E Bond to Henry Chapman United Mission to Nepal 1957 Chevrolet Truck to Chapman Lodge Transfer to Residuary Trust:* Cash Jewelry, as appraised Coins, as appraised Silver, as appraised Transfer to Charitable Remainder Trust:* Cash 1500 shs. 489 shs. 1600 shs. 2000 shs. 400 shs. 500 shs. 1000 shs. 1000 shs. 330.00 9,443.24 9,443.24 9,773.24 9,443.24 277 .40 277 .40 277 .40 1, 000 . 00 100.00 42,477.58 3,878.00 694.65 1,955.00 Dart & Kraft, Inc. E.I. DuPont de Nemours & Co. Exxon Corp. GTE Corp. General Electric Co. International Telephone & Telegraph Pennsylvania Power & Light Co. Riggs National Corp. 198,000.00 23,562.50 19,152.50 36,800.00 33,806.25 10,712.50 15,062.50 21,250.00 18,625.00 Co. Total Principal Distributions *==~~~4:~~~~~~ 1/31/83 8/22/83 4/30/79 11/30/81 10/16/85 PRINCIPAL INVESTMENTS 50M par U.S. Treasury Notes 9.25% 1/31/85 300 shs. GTE Corp. 49,967.19 13,462.50 PRINCIPAL CAPITAL CHANGES Riggs National Bank 1500 shs. Inventoried at 1000 shs. Sold 500 shs. 500 shs. Received in 2 for 1 Stock Split 1000 shs. 1000 shs. Transferred to Charitable Remainder Trust o shs. --------- --------- 55,875.00 37,250.00 18,625.00 .00 18,625.00 18,625.00 !=======~~~ *See Appendix A for explanation as to how trust distributions were calculated. 11 - r ,-,~-t"'" ~ 11.J':== ~ ;-\.) 5/12/83 10/16/85 8/22/83 10/16/85 4/30/79 6/17/81 10/16/85 4/30/79 5/6/85 10/16/85 4/30/79 10/16/85 General Electric Co. 200 shs. Inventoried at 200 shs. Received in 2 for 1 Stock Split 400 shs. 400 shs. Transferred to Charitable Remainder Trust 10,712.50 .00 10,712.50 10,712.50 L======,;,~~ o shs. --------- --------- GTE Corp. 700 shs. Inventoried at 300 shs. Purchased 20,343.75 13,462.50 33,806.25 33,806.25 *=======,;,~~ 1000 shs. 1000 shs. Transferred to Charitable Remainder Trust ===~=g~g,;, Exxon Corp. 1340 shs. Inventoried at 540 shs. Sold 800 shs. 800 shs. Received in 2 for 1 Stock Split 1600 shs. 1600 shs. Transferred to Charitable Remainder Trust 61,640.00 24,840.00 36,800.00 .00 36,800.00 36,800.00 *=======,;,~~ o shs. --------- --------- Dart & Kraft, Inc. 675 shs. Inventoried at 175 shs. Sold 500 shs. 1000 shs. Received in 3 for 1 Stock Split 1500 shs. 1500 shs. Transferred to Charitable Remainder Trust o shs. --------- --------- 31,809.38 8,246.88 23,562.50 .00 23,562.50 23,562.50 *=======,;,~~ Pennsylvania Power & Light Co. 1300 shs. Inventoried at 300 shs. Sold 1000 shs. 1000 shs. Transferred to Charitable Remainder Trust 27,625.00 6,375.00 21,250.00 21,250.00 *=======,;,~~ o shs. --------- --------- 12 . ,r'1 110 rl t !~t.- ~_ ~4u q'lli ~, J. 6/29/79 10/16/85 8/2/78 8/11/78 8/31/78 9/1/78 9/7/78 9/12/78 E.I. DuPont de Nemours & Co. 163 shs. Inventoried at 326 shs. Received in 3 for 1 Stock Split 489 shs. 489 shs. Transferred to Charitable Remainder Trust 19,152.50 .00 19,152.50 19,152.50 ~=======,;,QQ ===Q=g~g,;, Raymond R. Heckman and Jean M. Heckman Mortgage Inventoried at 1978 Principal Payments 1979 Principal Payments 1980 Principal Payments 1981 Principal Payments 1982 Principal Payments 1983 Principal Payments 1984 Principal Payments 1985 Principal Payments 15,844.60 95.42 433.32 430.11 462.16 494.60 439.40 323.15 13,166.44 ~=======,;,QQ John D. Moore and Margaret R. Moore Mortgage Inventoried at 1979 Principal Payments 1980 Principal Payments 1981 Principal Payments 1982 Principal Payments 1983 Principal Payments 1984 Principal Payments 13,524.89 2,084.00 2,084.00 3,126.00 1,042.00 2,084.00 3,104.89 ~=======,;,QQ John D. Moore and Margaret R. Moore Mortgage Inventoried at 1979 Principal Payments 1980 Principal Payments 1981 Principal Payments 1982 Principal Payments 1983 Principal Payments 1984 Principal Payments 4,377.69 666.00 666.00 999.00 333.00 666.00 1,047.69 L======,;,QQ INCOME RECEIPTS Interest, Commonwealth of PA G.O. 4.50% 2/1/2002 Interest, RCA Cv. Sub. Deb. 4.50% 8/1/92 Dividend Commonwealth National Bank Dividend Westinghouse Electric Co. Dividend Union Carbide Corp. Interest School Dist. of Phi1a. 3.25% 3/1/85 Dividend General Motors Crop. 431.25 .04 62.00 38.87 490.00 148.96 806.00 13 I ':rp 1 t C i).~r 275 { 9/12/78 9/14/78 9/18/78 10/3/78 10/11/78 10/18/78 10/26/78 11/1/78 11/2/78 12/1/78 12/1/78 12/11/78 12/18/78 12/29/78 1/26/79 2/l /7 9 2/2/79 2/22/79 3/1/79 3/12/79 3/19/79 4/27/79 4/30/79 4/30/79 5/8/79 Dividend IBM Corp. Dividend Goodyear Tire & Rubber Co. Dividend Continental Can Co. Interest Abington School Dist. 3.65% 4/1/94 Interest School Dist. of Phi1a. G.O. 3.25% 3/1/85 Interest Chambersburg G.O. 5.25% 5/15/94 Interest PA State Public Sch. Bldg. Auth. 6.25% 11/1/96 Interest PA General State Auth. 3.50% 7/15/91 Interest PA General State Auth. 3.30% 7/15/89 Interest PA State G.O. Hwy. 4.50% 2/1/02 Interest Delaware Co. Vo-Tech 3.50% 5/1/91 Interest Bethlehem City Center Auth. 3.25% 12/1/88 Interest Abington School Dist. 3.65% 4/1/94 Interest National Capital Housing Auth. 3.75% 5/1/91 Interest PA State Public Sch. Bldg. Auth. 6.25% 11/1/96 Interest Lewes Sanitary Sewer System 4% 1/1/91 Interest Brandywine Area Sch. Dist. 3.70% 12/1/88 Interest Chester Water Auth. 4.15% 12/1/97 Interest Hampden Twp. Rec. Rev. Bond 5.875% 4/15/97 Dividend Bankers Trust Co. Dividend RCA Dividend Delmarva Power & Light Co. Dividend Commonwealth Edison Co. Interest PA State Public Bldg. Auth. 6.25% 11/1/96 Dividend Union Carbide Corp. Dividend General Motors Corp. Dividend Continental Can Co. Dividend Goodyear Tire & Rubber Co. Interest U.S. Treasury Bills due 12/28/84 Dividend Bankers Trust Co. Dividend Delmarva Power & Light Co. Dividend RCA Dividend Commonwealth Edison Co. Rent Bucks County Farm Dividend Union Carbide Corp. Dividend General Motors Corp. Dividend Continental Can Co. Dividend Goodyear Tire & Rubber Co. Dividend Bankers Trust Co. Dividend Delmarva Power & Light Co. Interest RCA Corp. 4.50% 8/1/92 Dividend Commonwealth Edison Co. Rent Bucks County Farm Russ Brothers Interest Mortgage Participations 8/7/78 to 10/26/78 Interest Raymond Heckman Mortgage 8/24/78 to 8/8/85 Dividends Exxon Corp. 9/12/78 to 9/12/85 Dividends E.I. DuPont 9/12/78 to 9/16/85 Dividends Dart & Kraft, Inc. 9/12/78 to 9/16/85 Dividends General Electric Co. 1/26/79 to 7/24/85 Dividends International Telephone & Telegraph Co. 10/2/78 to 10/3/85 14 ,~r~ ~,.,~ 10 ~"I,r.',: rr~.:: ;,I)U, ...!.Lu .. ~/., 14.40 176.80 825.00 62.86 176.04 262.50 355.00 105.00 330.00 12.50 34.51 64.10 9.13 221. 88 308.16 197.22 364.86 409.23 251.34 261. 75 9.80 151. 04 212.40 781. 25 490.00 2,015.00 825.00 176.80 1,843.42 261. 75 162.84 2.25 230.10 450.00 490.00 806.00 825.00 176.80 261. 75 162.84 1.11 230.10 450.00 215.60 7,021. 62 34,204.00 9,722.95 13,323.75 4,580.00 8,230.00 Dividends Pennsylvania Power & Light Co. 10/3/78 to 10/3/85 Dividends GTE Corp. 10/3/78 to 10/2/85 Dividends Riggs National Corp. 10/16/78 to 10/15/85 Interest J.D. Moore Mortgage 2/2/79 to 12/11/84 Interest J.D. Moore Mortgage 2/2/79 to 12/11/84 Interest Certificates of Deposit Farmers Trust Company 3/2/79 to 6/25/85 Interest Swan Development Co. 4/16/80 to 11/29/84 Interest Fed Cash 9/3/82 to 11/8/85 Interest Temp Cash 6/3/82 to 11/4/85 Interest U.S. Treasury Notes 9.25% 1/31/85; 8/8/83 to 1/31/85 Total Income Receipts 10/23/78 11/2/78 12/7 /78 1/5/79 3/6/79 4/16/79 3/26/80 4/11/80 10/3/80 3/16/81 4/13/81 3/25/82 3/4/83 4/11/83 3/9/84 4/9/84 INCOME DISBURSEMENTS Agway Petroleum Corp. Adams Electric Co-Op Zeigler's Storage & Transfer, storage Zeigler's Storage & Transfer, moving furniture to Ardmore Computax Internal Revenue Service, fiduciary income tax due PA Dept. of Revenue, fiduciary income tax due Computax Internal Revenue Service, income tax due PA Dept. of Revenue, balance due Computax PA Dept. of Revenue, tax due Internal Revenue Service, tax due Computax Computax PA Dept. of Revenue, tax due Internal Revenue Service, tax due Fast Tax Internal Revenue Service, tax due PA Dept. of Revenue, tax due Farmers Trust Company, income commission Total Income Disbursements INCOME DISTRIBUTIONS TO BENEFICIARIES 16,921. 00 16,446.00 14,100.00 1,080.97 3,304.38 69,048.85 58,595.11 18,587.11 12,330.26 9,250.00 *==~1~~~2~,;~~ 46.30 20.78 45.75 248.10 80.00 3,789.00 296.00 40.00 265.00 111. 69 50.00 75.00 50.00 50.00 35.00 463.00 5,312.00 40.00 5,814.00 621. 00 15,082.79 *==~~~~~~,;~1 NOTE: These income distributions were actually made from the estate, but allocated between the Charitable Remainder Trust and the Residuary Trust as set forth in Appendix A. Distributions to Alfred McCrea Chapman: 10/30/78 1/5/79 3/15/79 7/10/79 8/10/79 2/11/80 5/8/80 12/29/80 IJ3r;.: j~ C ;:'.~,[ 12/30/80 1,000.00 15,000.00 8,000.00 5,500.00 2,000.00 7,000.00 10,000.00 10,000.00 3,000.00 r. -ri 1:.., 15 2/2/81 3/10/81 4/3/81 6/2/81 6/11/81 10/5/81 11/30/81 12/29/81 1/7 /82 1/27/82 10/16/85 Distributions for Henry Chapman: 4/26/79 7/25/79 12/12/79 2/1/80 3/20/80 5/20/80 7/30/80 10/20/80 11/28/80 4/30/81 5/20/81 7/20/81 8/24/81 10/26/81 1/11/82 2/19/82 5/27/82 7/21/82 8/23/82 10/14/82 11/30/82 12/2/82 12/31/82 1/11/83 2/16/83 2/23/83 3/11/83 5/3/83 5/17/83 5/25/83 6/14/83 7/19/83 Betty Chapman, reimburse for tuition Syracuse University, tuition Syracuse University, tuition Syracuse University Bookstores, balance due Syracuse University, room deposit Syracuse University, deposit Syracuse University, tuition Syracuse University Bookstores, balance due Syracuse University, tuition Sigma Phi Epsilon Fraternity, room and board deposit Syracuse University, deposit Syracuse University, tuition Sigma Phi Epsilon Fraternity, room and board Syracuse University Bookstores, balance due Sigma Phi Epsilon Fraternity, room and board Syracuse University, tuition Syracuse University Bookstores, balance due Syracuse University, deposit Syracuse University, tuition Sigma Phi Epsilon Fraternity, room and board Syracuse University Bookstores, balance due Syracuse University, tuition Syracuse University Bookstores, balance due Stanley H. Kaplan Educational Center, tuition Syracuse University Bookstores, balance due Syracuse University Bookstores, balance due Sigma Phi Epsilon Fraternity, room and board Syracuse University Bookstores, balance due Syracuse University Bookstores, balance due Syracuse Unviersity Bookstores, balance due Syracuse University, tuition Syracuse University Bookstores, balance due Syracuse University Bookstores, balance due Henry Chapman, reimburse for expenses 16 ,_ :,'~,r" R, 11 n. ;;: t, r 0~~1Q _ _ __ -'"'-- _.of..- "..J r:. , ~,'" 10,000.00 3,500.00 1,500.00 5,000.00 1,500.00 5,000.00 1,000.00 6,000.00 4,000.00 8,000.00 70,622.79 177,622.79 200.00 2,755.75 3,446.00 191. 66 100.00 150.00 3,599.75 88.63 3,810.40 100.00 150.00 2,740.00 1,400.00 205.61 1,450.00 2,830.00 288.29 150.00 3,072.00 1,500.00 299.85 3 , 172 . 00 24.56 375.00 111.92 146.92 1,660.00 88.88 71. 33 79.34 1,652.00 174.39 282.70 362.95 36,729.93 Distributions for Katherine S. Chapman: 8/25/81 10/9/81 2/9/82 2/18/82 3/19/82 3/26/82 8/27/82 9/17/82 9/24/82 9/30/82 10/22/82 10/29/82 11/22/82 11/30/82 12/31/82 1/19/83 1/27/83 1/31/83 2/22/83 2/28/83 3/21/83 3/31/83 4/29/83 5/19/83 5/23/83 5/31/83 6/20/83 6/30/83 7/29/83 9/16/83 9/22/83 9/30/83 10/21/83 11/21/83 University of Michigan, room and board University of Michigan, balance due University of Michigan, tuition Betty Lou Chapman, reimburse for books University of Michigan, tuition University of Michigan, tuition Jill Toman, reimburse for 1/2 Rent Security Deposit Katherine Chapman, board for September Thomas Parr, September rent Katherine Chapman, reimburse for books University of Michigan, tuition Katherine Chapman, board for Oct. Thomas Parr, Oct. rent University of Michigan, tuition Katherine Chapman, board for Nov. Thomas Parr, Nov. rent University of Michigan, tuition Katherine Chapman, board for Dec. Thomas Parr, Dec. rent Katherine Chapman, board for Jan. Thomas Parr, Jan. rent Katherine Chapman, reimburse for books University of Michigan, tuition Katherine Chapman, board for Feb. Thomas Parr, Feb. rent University of Michigan, tuition Katherine Chapman, board for March Thomas Parr, March rent University of Michigan, tuition Katherine Chapman, board for April Thomas Parr, April rent Katherine Chapman, board for May Thomas Parr, May rent Katherine Chapman, reimburse for books University of Michigan, tuition Katherine Chapman, board for June Thomas Parr, June rent University of Michigan, tuition Katherine Chapman, board for July Thomas Parr, July rent Katherine Chapman, board for August Thomas Parr, August rent Katherine Chapman, reimburse for books Unviersity of Michigan, tuition Katherine Chapman, reimburse for book and lab fee University of Michigan, tuition University of Michigan, tuition 17 . I~'D -11 r '. .Jlfi .~.: U pAsr 'i'lQ ~l"" 1,799.61 1,563.21 1,136.20 110.43 421.22 2,476.39 81. 00 160.00 325.00 60.79 553.95 160.00 162.50 948.42 160.00 162.50 977 .16 160.00 162.50 160.00 162.50 115.03 975.17 160.00 162.50 948.42 160.00 162.50 977 .16 160.00 162.50 160.00 162.50 31. 58 799.38 160.00 162.50 758.00 160.00 162.50 160.00 162.50 106.45 1,597.85 31.18 1,572.86 1,620.53 COMMONWEALTH OF PENNSYLVANIA: COUNTY OF CUMBERLAND Dennis C. Caverly, Executive Vice President and Trust Officer Farmers Trust Company and John M. McCrea, III, being duly sworn according to law, depose and say that the Account as stated is true and correct and that the Grant of Letters and the first complete advertisement thereof occurred more than four (4) months before the filing of the Account. 4 I ~F' Vice ~;- - If' .. /1 I / (I ! John M. McCrea, III Sworn and suppcribed to before me this ::?7U)' day of December, 1985. ,~ . . . t. '~~:\~:,.:.~ 0 C { " ---- . . ~j ,. >;~~. ~1(.1.c// /J // ) /? hi _ '~! ~f~"~~/~ / I oe~~t{l..-t .: ~J'Ld:~~u 7J;f.I,';:42?JJ:.:,/o~-.&Zti~{t1-n L/L/; _(U 0 :- 1- -; -/)h '---/~, .i' ,. "'.. '( ~; /~," ~ '.. ." .. t./ ~ IC,..::.~.::~,"/ 19 I !~r;> 11 (\ ?Ir:~ ?81 ",'_'\ .,A.._~U -- ~ -.... 12/31/81 Heckman Mortgage Moore Mortgage Moore Mortgage Swan Development Mortgage 500 shs. Dart & Kraft 489 shs. DuPont 1600 shs. Exxon Corp.** 200 shs. General Electric Co. 700 shs. GTE 500 shs. ITT 1000 shs. Pennsylvania Power & Light Co. 1000 shs. Riggs National Bank*** Certificate of Deposit* 5% of Market Value paid to Alfred Chapman Balance added to Principal of Trust, i.e. CD *Certificate of Deposit 12/31/80 Plus Balance of Income Plus Cash from Principal Mortgage Payments Less Refund of Cash to Estate 12/31/81 Certificate of Deposit 12/31/81 ** Exxon Corp. Split 2 for 1 6/17/81 *** Riggs National Bank Split 2 for 1 11/30/81 12/31/82 Heckman Mortgage Moore Mortgage Moore Mortgag Swan Development Mortgage 500 shs. Dart & Kraft 489 shs. DuPont 1600 shs. Exxon Corp. 200 shs. General Electric Co. 700 shs. GTE 500 shs. ITT 1000 shs. Pennsylvania Power & Light Co. 1000 shs. Riggs National Bank Certificate of Deposit* 5% of Market Value to Alfred Chapman Balance added to Principal of Trust, i.e. CD I'"F" -1-"70 -, ,:,"_.., ~..;~ ,~, <, ,1 f'- ~) t.~ 14,423.59 994.00 6,230.89 218.07 2,046.69 71. 64 128,826.91 22,850.29 25,375.00 1,800.00 18,215.25 1,173.60 50,000.00 4,800.00 11,475.00 660.00 22,400.00 2,002.00 14,875.00 1,340.00 17,125.00 2,300.00 27,000.00 1,800.00 35,912.04 4,058.06 373,905.37 44,067.66 (18,695.26) $ 25,372 . 40 19,844.34 14,809.64 41,258.06 75,912.04 (40,000.00) $ 35,912.04 13,928.99 764.15 5,188.89 326.75 1,713.69 108.30 128,826.91 12,742.63 34,250.00 1,920.00 17,542.87 1,222.00 47,600.00 4,960.00 29,050.00 2,283.00 18,975.00 720.00 15,625.00 1,380.00 21,000.00 2,380.00 24,000.00 1,800.00 63,154.04 5,563.88 420,855.39 36,170.71 (21,042.77) $ 15,127.94 1000 shs. Riggs National Corp. 50M par U.S. Treas. Note 9.25% 1/31/85 Certificate of Deposit* Money Market Funds* 5% of Market Value to Alfred Chapman ($25,365.10) Through September *Certificate of Deposit 12/31/83 Money Market Funds 12/31/83 Plus Balance of Income Plus Cash from Principal Mortgage Payments Certificate and Money Market Funds 9/17/85 33,250.00 1,450.00 50,031. 50 .2,312.50 100,000.00 5,040.74 68,799.66 3,869.98 507,301. 95 25,605.45 (19,023.84) $ 6,581.61 55,548.38 47,124.83 11,701.11 54,425.34 $ 168,799.66 20% Residuary Trust 12/31/78 806 shs. General Motors Corp. Swan Development Mortgage (part) Market Value 1979 Income 43,322.50 806.00 45,223.37 4,296.22 88,545.87 5,102.22 3,386.30 8,488.52 (2,086.77) (6,401. 75) $ .00 47,527.01 11,425.62 $ 58,952.63 33,797.75 2,534.84 58,952.63 7,015.36 92,750.38 9,550.20 (1,609.76) (7 , 940 . 44) $ .00 58,952.63 33,797.75 $ 92,750.38 92 , 750.38 14,543.26 (6,584.83) (4,595.61) (3,362.82) $ .00 Plus interest on C.D. investment after General Motors Corp. sold 4/30/79 Paid Alfred Chapman, care Paid Henry Chapman, education Certificate of Deposit 5/1/79 (proceeds G.M.) Plus Cash from Mortgage Principal Payments Certificate converted to Money Market Acct. 12/31/79 12/31/79 Swan Development Mortgage Money Market Paid Alfred Chapman, care Paid Henry Chapman, education Money Market Fund 12/31/79 Plus Cash Swan Mortgage Payments 12/31/80 Money Market Fund Paid Alfred Chapman, care Paid Henry Chapman, education Paid Katherine Chapman, education -1,' .~, t;:, f. :- (-, {",,\.-, ",r? _iL.._U r.;"CJ ;! 12/31/81 12/31/82 12/31/83 12/31/84 Money Market Fund Less Refund to Estate 12/31/81 Paid Henry Chapman, education Paid Katherine Chapman, education Money Market Fund Paid Henry Chapman, education Paid Katherine Chapman, education Money Market Fund Paid Katherine Chapman, education Paid Karen Chapman, education Money Market Fund Paid Katherine Chapman, education Paid Karen Chapman, education , ~ '" _ '""',,-"0 ~ -. u' - , ,. t". :j I ')fP -L..:._ -~- 92 , 750.38 10,480.79 (10,000.00) 82,750.38 10,480.79 (2,792.83) (10,480.79) (8,218.06) $ 71,739.49 .00 71,739.49 (10,311.87) $ 61,427.62 61,427.62 (5,006.05) $ 56,421.57 56,421.57 (7,416.34 ) $ 49,005.23 6,320.25 (4,518.51) (1,801.74) $ .00 5,467.05 (5,463.21) (3.84 ) $ .00 3,173.71 (2,567.60) (606.11) $ .00 RECAPITULATION OF AMOUNTS DUE AND PAID ALFRED CHAPMAN Added to Value of 80% Trust Total Income 5% Due Paid Trust Principal 12/31/78 354,183.50 1979 26,930.17 17,709.18 (17,709.18) (9,220.99) 12/31/79 367,488.76 1980 28,759.53 18,374.44 (18,374.44) (10,385.09) 12/31/80 405,618.48 1981 35,173.28 20,280.92 (20,280.92) (14,892.06) 12/31/81 373,905.37 1982 44,067.66 18,695.26 (18,695.26) (25,372.40) 12/31/82 420,855.39 1983 36,170.71 21,042.77 (21,042.77) (15,127.94) 12/31/83 477 ,218.46 1984 35,562.03 23,860.92 (23,860.92) (11,701.11) 12/31/84 507,301. 95 1985 25,365.10 (19,023.84) Thru September 1985 Due to Power of Attorney Account for Alfred Chapman: 1982 1983 1984 6,695.26 21,042.77 23,860.92 19,023.84 $ 70,622.79 Thru September 1985 \ \~r? i ~'O --...--- - - ~"..,..... t 283