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Home My WebLink About07-23-82 (2) COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION FIRST AND PARTIAL ACCOUNT OF COMMONWEALTH NATIONAL BANK GUARDIAN UNDER COURT ORDER DATED 05/12/78 OF THE ESTATE OF CHRISTINA A. ROLAND, MINOR ACCOUNT STATED FOR THE PERIOD JUNE 22, 1978 TO APRIL 30, 1982 PRINCIPAL SUMMARY AND INDEX PAGES Receipts Less Disbursements Balance Before Distributions Distributions to Beneficiaries Investments Capital Changes Principal Balance Remaining 4 6 $ 27,848.87 3,444.27 $ 24,404.60 6,622.00 6 6-8 $ 17,782.60 INCOME Receipts Less Disbursements Balance Before Distributions Distributions to Beneficiaries Income Balance Remaining Combined Balance Remaining 9 10 $ 7,945.16 2,010.01 $ 5,935.15 $ 5,935.15 $ 23,717.75 Li"JER l\J,..; p~C[ ~;; I " COMPOSITION OF NET BALANCES PRINCIPAL John Hancock Mutual Life Insurance Co. #63770698 1/3 undivided interest Wrongful Death Action Cash and amounts temporarily invested in Commonwealth National Bank Common Fund A-I TOTAL PRINCIPAL INCOME Cash and amounts temporarily invested in Commonwealth National Bank Common Fund A-I TOTAL INCOME COMBINED PRINCIPAL AND INCOME Account Value $ 1. 00 1. 00 17 ,130.60 17 ,132. 60 6,585.15 6,585.15 $ 23,717.75 ,- r-" ..~!:.. ~ .....' n - I" ..-:;1 ll~tt\ lu,_ ~ kul -"', 0 2 Market Value as of 4/30/82 $ 1. 00 1. 00 17 ,130.60 17,132.60 6,585.15 6,585.15 $ 23,717.75 , . PRINCIPAL RECEIPTS 6/22/78 The following received from deceased father1s safe deposit box and registered Robert W. Roland in trust for Christina Ann Roland: $1,000 CCNB Certificate of Deposit No. 115643, due $ 1,130.03 $1,000 CCNB Certificate of Deposit No. 116753, due 1,112.94 $1,000 CCNB Certificate of Deposit No. 116754, due 1,112.94 $1,000 CCNB Cert ifi cate of Depos it No. 116773, due 1,106.42 $1,000 CCNB Certificate of Deposit No. 117155, due 1,087.97 $500 CCNB Certificate of Deposit No. 117185, 6.5% due 8/5/79 540.04 $2,500 CCNB Certificate of Deposit No. 117745, due 2,709.25 $1,000 CCNB Cert ifi cate of Deposit No. 118832, due 1,069.17 $1,500 CCNB Certificate of Deposit No. 113838, 6.50% due 8/3/78 1,731. 12 $1,500 CCNB Certificate of Deposit No. 114502 1,762.99 $ 13,362.87 9/29/78 John Hancock Mutual Life Insurance Co. No. 363770699 - ward is insured 1. 00 3/31/82 1/3 undivided interest - Wrong Death Action re: law suit against Hershey Foods Corp. to #2968-5, Term 1978, Court of Common Pleas of Dauphin County * 1. 00 LE)~R "l" , , ..1. '.,)'_ P~~L .~ . ") '... ,'.:J 3 Principal Receipts (continued) 07/03/78 - 4/23/82 Workmen's Compensation from Pennsylvania Manufacturers Assoc. Insurance Co., from accident causing father's death TOTAL PRINCIPAL RECEIPTS *NOTE: Per attached copy of Order dated 10/5/81 a verdict in the amount of $602,954.05 has been awarded, now subject to post-trial motions. One-third of the Wrongful Death Action of $127,083.63 is attributable to the Guardianship Account. PRINCIPAL CONVERSIONS INTO CASH NO GAIN/LOSS 8/3/78 $1,500 CCNB Certificate of Deposit No. 113838, 6.50% due 8/3/78 8/9/78 38 units Commonwealth National Bank Common Fund A-I 8/17/79 $500 CCNS Certificate of Deposit No. 117185, 6.5% due 8/5/79 8/31/79 $1,000 CCNS Certificate of Deposit No. 116754 due 8/31/79 $1,000 CCNS Certificate of Deposit No. 116753 due 8/31/79 $1,000 CCNS Certificate of Deposit No. 115643 due 8/31/79 $1,000 CCNB Certificate of Deposit No. 116773 due 8/31/79 $1,000 CCNB Certificate of Deposit No. 117155 due 8/31/79 $1,000 CCNS Certificate of Deposit No. 118832 due 8/31/79 $1,500 CCNS Certificate of Deposit No. 114502 due LltlZR lU~ p~C~ ~ ,-.. -) ':L0U 4 14,484.00 $ 27,848.87 $ 1,731. 12 38.00 540.04 1,112.94 1,112.94 1,130.03 1,106.42 1,087.97 1,069.17 1,762.99 Principal Conversions No Gain/Loss (continued) 8/31/79 $2,500 CCNB Certificate of Deposit No. 117745 due 2,709.25 2/26/80 198 units Commonwealth National Bank Common Fund A-I 198.00 8/13/80 570 units Commonwealth National Bank Common Fund A-I 570.00 8/14/80 570 units Commonwealth National Bank Common Fund A-I 570.00 4/22/81 335 units Commonwealth National Bank Common Fund A-I 335.00 4/27/81 45 units Commonwealth National Bank Common Fund A-I 45.00 3/17/82 22 units Commonwealth National Bank Common Fund A-I 22.00 3/24/82 202 units Commonwealth National Bank Common Fund A-I 202.00 PRINCIPAL DISBURSEMENTS 10/20/78 - 4/21/82 Advance Mortgage Corp., - 1/3 share of payment on mortgage no. 120964768-0268 per Court Order dated 10/16/78. Payments made to secure property owned by father's estate at 607 Magaro Road, Enola, Pa., where ward and two brothers now reside $ 2,004.75 7/21/81 - 3/12/82 Commonwealth National Bank - guardian fee on principal 405.52 Reserves: Filing fee 200.00 Li~,cR lU,.,,; F'~Gl ':01 5 Principal Disbursements (continued) Commonwealth National Bank - reserve for guardian fee $2,100.00 based on 5% of 1/3 of $127,083.63 Wrongful Death Action* verdict, to be reduced proportionately if actual award of settlement is less than verdict, payable from proceeds of settlement. Cleckner & Fearen - legal fee Knupp & Andrews - legal fee Cleckner & Fearen and Knupp & Andrews - legal fees $21,180.61 based on 50% of 1/3 of $127,083.63 Wrongful Death Action* per copy of Contingent Fee Agreement attached. Note: if no appeal filed, fee is based upon 40% of recovery, not 50% reflected here. TOTAL PRINCIPAL DISBURSEMENTS *NOTE: Relative to law suit carried in Principal Receipts. PRINCIPAL DISTRIBUTIONS 10/20/78 - 4/20/82 Andrea Roland, mother and natural guardian - distributions at $154.00 per month per Court Order dated 10/16/78 TOTAL PRINCIPAL DISTRIBUTIONS PRINCIPAL INVESTMENTS 7/27/78 568 units Commonwealth National Bank Common Fund A-I 8/4/78 1,769 units Commonwealth National Bank Common Fund A-I 1/10/79 869 units Commonwealth National Bank Common Fund A-I 8/6/79 500 units Commonwealth National Bank Common Fund A-I " . , ,- ^ -'2 Li~l~r; _i,_;~~ PhLl I~-G 6 734.00 100.00 $ 3,444.27 $ 6,622.00 $ 6,622.00 $ 568.00 1,769.00 869.00 500.00 Principal Investments (continued) 9/7 /79 12,019 units Commonwealth National Bank Common Fund A-I 12,019.00 2/15/80 2,001 units Commonwealth National Bank Common Fund A-I 2,001. 00 8/5/80 1,485 units Commonwealth National Bank Common Fund A-I 1,485.00 1/23/81 711 units Commonwealth National Bank Common Fund A-I 711. 00 1/29/81 967 units Commonwealth National Bank Common Fund A-I 967.00 3/1/81 314 units Commonwealth National Bank Common Fund A-I 314.00 4/1/81 297 units Commonwealth National Bank Common Fund A-I 297.00 6/17/81 285 units Commonwealth National Bank Common Fund A-I 285.00 7/17/81 480 units Commonwealth National Bank Common Fund A-I 480.00 7/30/81 327 units Commonwealth National Bank Common Fund A-I 327.00 8/28/81 328 units Commonwealth National Bank Common Fund A-I 328.00 10/1/81 720 units Commonwealth National Bank Common Fund A-I 720.00 10/29/81 337 units Commonwealth National Bank Common Fund A-I 337.00 12/2/81 347 units Commonwealth National Bank Common Fund A-I 347.00 1/18/82 347 units Commonwealth National Bank Common Fund A-I 347.00 Lis=r~ "If to;:,:' , ...U) ,.,; i"';' n - l"vL ~~(J~ 7 Principal Investments (continued) 1/29/82 308 units Commonwealth National Bank Common Fund A-I 308.00 3/8/82 746 units Commonwealth National Bank Common Fund A-I 746.00 4/21/82 2 units Commonwealth National Bank Common Fund A-I 2.00 L' -" l' I)'. ' '," , I~Lt\ ,_ P"GC ~(i':i 8 INCOME RECEI PTS $1,500 CCNB Certificate of Deposit, No. 113838, 6.5%, due 8/3/78 8/03/78 Interest $500 CCNB Certificate of Deposit, No. 117185, 6.5%, due 8/5/79 8/17/79 Interest $2,500 CCNB Certificate of Deposit, No. 117745, due 8/31/79 Interest Commonwealth National Bank Common Fund A-I 8/01/78 - 4/01/82 Earnings TOTAL INCOME RECEIPTS INCOME DISBURSEMENTS 1/31/79 Sears Roebuck & Co. - 1/3 share well pump at 607 Magaro Road 12/31/79 - 1/23/80 08/05/80 11/18/80 1/16/81 4/24/80 Quality Craftsman - 1/3 share renovation of bathroom and roof vents Andrea Roland - purchase of horse for Christina Andrea Roland - reimbursement for 1/3 share purchase of stove Andrea Roland - reimbursement for 1/3 cost of water heater Internal Revenue Service - Federal income tax Li~, [t~ ./ ( . ,~ ld,~ rkGC I_--.(jj 9 $ 38.67 49.86 1,258.07 6,598.56 $ 7,945.16 $ 57.39 576.92 650.00 176.80 23.67 457.90 . . Income Disbursements (continued) 2/21/78 - 4/12/82 Commonwealth National Bank - guardian fee on income collected TOTAL INCOME DISBURSEMENTS 67.33 $ 2,010.01 COMMONWEALTH NATIONAL BANK By: li~ER /Jf .," .. ,,_ ,~. -.l ,)~ P~Cl 'i.(;u 10 . " . COMMONWEALTH OF PENNSYLVANIA ) COUNTY OF .€UMB-ffitAffB \xJ-u~\\\ \\ ) I, Lois B. Copeland, Senior Trust Officer of The Commonwealth National Bank, accountant in the annexed Account, being duly sworn according to law, depose and say that the foregoing Account is true and correct to the best of my knowledge and belief. THE COMMONWEALTH NATIONAL BANK BY~ ~ ~ Senior Trust Offic Sworn to and subscribed before me 'J I~ I- -r-- \ thi s S2LL..-day of ~'---'--"j A. D. 1982. Zfkh I)} 1)~,L '-::u",qiij;,' Notary 1 i ~~\""~'\'~"'~"1-1 a Ill~I;, /;.. ~ \, '.~: ,,'::.:. ~4if::lNDA M. MclAUGHLIN. NOTARY PUBLIC 2 '-.J .'2.N2......<', Q HARRISBURG. f}AUPHIN COUNTY i.~: ~. "~)Jt;.~OMMISSION ElfPIRESFU 18,1985 . ~__t ; -::l OF - '/~' PennsylvanIa Associilfion of NOlar;es ~~. \ ~ --.: " ..- .(":- ,~ : ~ ~ .... 0":,. ';"lYl\J\..""'c" ...- '. ";' . .." " .....,.lly pu~":,..,,, <....""'1'\1'\\\\\' L' i' n. ,.-.) i:.~1\ . '_;'~ tHee !:...G ( \'~.: l~ .- ", (j . \ () '. .i..~__ ~ I"--~ COi:1r10r,mEALTII NATIONl\.L Bl\.NK, ADMINISTRATOR OF THE ESTATE OF ROBERT vI. ROLAND, SR., : Plaintiff : IN THE COURT OF conr'iON PLEAS Di\UPHIN COUNTY, PENNSYLVANIA : v. NO. 2968, II S II 1 978 HERSHEY FOODS CORPORATION, Defendant JURY rl'RIl\.L DEf'.il\.NDED ORDER AND Nm'l, this s'!b day of Oc tober, 1981, upon consideration of the Motion to Add Delay Damages and Hold the Verdic t, it is hereby ordered and decreed that. the verdict in the above matter shall b2 molded to be in favor oE the plain~:iff and against the defendant in the amount of $127,083.63 in the \'lrongful Death action and in the amount of $<175,870.42 in the Survival action for a total of $602,954.05. BY THE COURT {V"\, r,\,;'" V-\\ \~~,<\\~> d:l~~\\ \ i.:'Y\'i. ',.~J":~ J. ;:."-. \ /, '\ t"j'. "'\ ,.. "-' .......-;:....:.:... . ...:.:..................J.;?, I::' ~( ~.i0;;....::~~.:..~. G~~\," ::..: ;'.:;.r ti:.:'"i.t. .::t;~J f.cj..(.'.~.:; ;.;.~ '. _, :~.:'.; :::. :~ 7"" .;:..~' ;:~-;:(: {":C"i-' ;"'c.(~~~ (;(j~:<'" \...' ~' tl::c ('j".~:~ .: ..... ~ ;.~; I_....~.:. t r~ jo. ~(' '),:. J'":\~" <""'--.., ., ' ".' -', .".. ~,~'" -I' ';.,' .., ..'. {... l,' oJ "':"'.J {. . . '. i.';. . ~ ( , \~ <\:';: ~~ ~\:(\:) 'L~;\~.'" :.. I,'J':, ~._,~ ( ( . . .' ~ ~ ,~ F'.LU1'" ~d Opinion Letter of COlUlsel t!Tr JlUle 14, 1978 The Commonwealth National Bank, Administrator of the Estate of 'Robert W. ~oland, Sr., Deceased, and Guardian of the Heirs of Robert W. Roland, Sr. 10 South Market Square Harrisburg, Pennsylvania 17108 In re: Estate of Robert W. Roland, Sr. Gentlemen: The lUldersigned ar-e cOlUlsel to The Commonwealth National Bank, both as Administrator of the Estate of Robert W. Roland, Sr., Deceased, and Guardian of the Heirs of Robert W. Roland, Sr., Deceased. There has been presented to you a proposed lIcontingent fee agreementll per a letter dated May 18, 1978 from Robert D. Kodak, Esquire, of Knupp and Andrews. This opinion letter has been requested of us as an inducement to The Commonwealth National Bank in entering into that "contingent fee agree- ment". In this connection, we have examined the "contingent fee agree- mentll, we represent to you that we are familiar with the assets and liabilities of the Estate of Robert W. Roland, Sr., that we have deter- mined that the proposed "contingent fee agreementll is reasonable lUlder all the circumstances related to the possible claims in connection with this matter, and in the light of the financial status of the Estate of Robert W. Roland, Sr., and we have concluded that The Commonwealth National Bank, as Administrator and Guardian is fully authorized and empowered to execute the "contingent fee agreement", and the execution of such "contingent fee agreement" by The Commonwealth National Bank in both capacities constitutes a prudent and lawful arrangement for handling the claims arising out of the death of Robert W. Roland, Sr. This opinion letter is issued to you for the purpose of assuring you that this arrangement is lawful and proper and, further, that it is our interpretation of the "contingent fee agreement" that no lawsuit, nor any final settlement of any claim on behalf of Robert W. Roland, Sr. within the scope of the "contingent fee agreement" shall be initiated or finally made without prior approval and concurrence of The Commonwealth National Bank. ( TIle Commonwealth National Bank June 14, 1978 Page Two Furthermore, we represent to you that, on the basis of our experience in matters of this kind, the expenses which The Commonwealth National Bank will be called upon to pay in connection with costs, filing fees, investi- gative expenses and general expenses other than attorneys' fees, should not exceed $ l'}oeO.oe> In addition, we \vish to make clear to you that the existence of this "contingent fee agreement" in no way contractually or otherwise obligates The Commonwealth National Bank, as Administrator of the Estate of Robert W. Roland, Sr. or Guardian of the interests of the Heirs of Robert W. Roland, Sr., froQ selecting counsel for the Estate and the Guardianship in any other matters which might arise in connection therewith, if the Bank, in its discretion, felt that other counsel are required properly to represent the interests of the Bank as Administrator and Guardian. Very truly }Ours, KNUPP AI'-lD ANDREWS By 2...r... .--" ",:d\" ~ and CLECKNER AND FEAREI\j cJp l'k~ I JKJ-~ ~ <, CONTINGENT FEE AGREEMENT COMMONWEALTH NATIONAL BANK, Administrator of the Estate of Robert w. Roland, Sr., Deceased, and Guardian of the interests of the heirs of Robert W. Roland, Sr., does hereby nominate and appoint the law firms of Knupp and Andrews and Cleckner & Fearen as its attorneys with respect to a cause of action arising out of an accident which occurred April 6, 1978, in Hershey, Derry Township, Dauphin County, Pennsylvania, said accident having resulted in the death of Robert W. Roland, Sr.1 the said attorneys shall have full power to make any inquir ies, to negotiate or settle, br ing, conduct, prosecute, sue or compromise any action or suit with the concurrence of the said Bank, and to exercise and endorse any papers, checks or order on its behalf in -connection therewith. For their services, Attorneys shall be entitled to a contingent fee from any recovery made or secured of 25 percent if said cause of action is settled without the institution of suit1 33-1/3 percent if suit is commenced and settlement made before or during tria11 40 percent after suit is commenced and trial is held and concluded by favorable verdict, and an additional 10 percent in the event of an appeal to an Appellate Court. Costs, filing fees, investigative expenses ,'. ~ and general expenses other than attorney fees shall be paid by COMMONWEALTH NATIONAL BANK, Administrator of the Estate of Robert W. Roland, Sr. IN WITNESS WHEREOF, the said COMMONWEALTH NATIONAL BANK, Administrator of the Estate of Robert W. Roland, Sr., and Guardian of the interests of the heirs of Robert W. Roland, Sr., has caused this Contingent Fee Agreement to be executed this a~~day of S ~ , 1978. COMMONWEALTH NATIONAL BANK Administrator of the Estate of Robert W. Roland, Sr., Deceased Guardian of the Interests of the Heirs of Robert W. Roland, Sr. ~ ~~ ~~__O U~ . . d,,~,~;'f.,._ The above Agreement is hereby approved and accepted this By: ~""<\ day of ,1"~ , 1978. KNUPP AND ANDREWS BY:~#-'~\ OQ The above Agreement is hereby approved and accepted this t9--.:L dayof?- --L-.- 1978. CLECKNER & FEAREN By, cfJ~ /ib-bAio -2- I~- r:-' :......' :r: )> II () II w r Ul I"l lDZ)>() CO-i" II ;0 -i G)ii~ -oUlZ;:o fTI 1'1 fTI Z () -< )> Z 0 Ul Z Ul Z )> 0 -< 0 -i < Ul r "TJ "" -i )> I"l .>';0<)- Z~<;:o )> -i I"l 'J Z o ...; -, r' r"} r,j ........ (:1 (;'0 i'~ - 1-:', (So ;; 50 .-.. (-'; >-j '..-: ~ ,. 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