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Home My WebLink About04-10-08 (2) COURT OF COMMON PLEAS OF CUMBERLAND, P A ORPHANS' COURT DIVISION FIRST AND FINAL ACCOUNTING OF Dianne K. McCullough, Executor For Estate of Frances S. Smith Date of Death: Date of Appointment: Accounting for the Period: August 26, 2007 September 05, 2007 August 26, 2007 to March 31, 2008 Purpose of Account: The above fiduciary offers this account to acquaint interested parties with the transactions that have occurred during his/her administration. It is important that the account be carefully examined. Requests for additional information, or questions, or objections, can be discussed with: Patterson, Kiersz & Murphy, P.C. 239 East Main Street Waynesboro, P A 17268-1681 (717)762-3170 OJ f.....) t-=::J . ::~-) ';;:) :':;;. t~j :::G C) ::r... :i: ,::::> N N Estate of Frances S. Smith Summary of Account Principal Principal Receipts Net Loss on Sales or Other Dispositions Less Disbursements: Debts of Decedent Funeral Expenses Administrative Expenses Federal & State Taxes Fees & Commissions $ Balance Before Distributions Less Amounts to Beneficiaries Total Distributions Principal Balance On Hand $ Income Receipts Net Gain on Sales or Other Dispositions $ Less Disbursements: Balance Before Distributions Less Amounts to Beneficiaries $ Total Distributions Income Balance on Hand For Information: Investments Made Unpaid Expenses Unrealized Gains and Losses Combined Balance on Hand $ $ 473.33 2,829.69 7,716.96 18,050.00 9) ?4? "0 $ 306,582.00 $ $ 18,887.50 0.00 $ 431,286.39 (163.52) 431,122.87 38,312.48 392,810.39 306,582.00 85,939.83 18,887.50 $ 0.00 000 18,887.50 $ $ 0.00 18,887.50 $ 105,115.89 Estate of Frances S. Smith Principal Receipts Cash and Cash Equivalents Checking account #9840895594, M & T Bank Refund, Bank of America Refund, UGI Utilities Refund, USAA Refund, Waynesboro Hospital Refund, Woman's Day magazine Refund, USAA No. of Shares Stocks 26 MetLife, Investor ill #8067 4649 0975 Tangible Personal Property 1999 Oldsmobile, VIN#1 G3WX52H3XF389231; taken in kind by Janet Rae Ebersole, daughter Kenny's Auction - net proceeds sale of household furnishings Personal property taken in kind by Dianne McCullough, James Smith and Janet Ebersole, children and heirs Miscellaneous AFBA Life Insurance, payable to Dianne NPC Investment account #4NRI00666 Total Inventory Total Receipts of Principal Page 1 (2) Inventory Value 08/26/2007 $ 22,710.89 1.88 19.29 359.48 40.52 16.99 1,144.58 $ 1,699.36 $ 5,125.00 9,596.12 1,457.00 $ 550.00 388,565.28 $ $ 431.286.39 431,286.39 Estate of Frances S. Smith Gains and Losses on Sales or Other Dispositions of Principal Net Gain Net Loss 09/05/2007 Sale 26 Shares MetLife, Investor ill #8067 4649 0975 Inventory Value $ 1,699.36 Net Proceeds 1,535.84 $ 163.52 Total Gains and Losses $ 0.00 $ 163.52 Net Loss $ 163.52 Page 1 (3) Estate of Frances S. Smith Disbursements of Principal Date Paid Amount Paid Debts of Decedent 09/17/2007 AAA Financial Services $ 178.03 Payoff account ending 6859 09/1 0/2007 Diakon Lutheran Social 136.20 Ministries Payment on account #ILOOO068 10/11/2007 Embarq 21.29 Final telephone invoice 09/10/2007 Heather Ebersole 35.00 Check #290 dated August 8, 2007, cleared 9/1 0/07 09/1 0/2007 Joseph M. Bourdon, DDS 43.00 Medical invoice 09/1 0/2007 UGI Gas Service 19.29 Utility invoice 11/06/2007 Waynesboro Hospital 40.52 Invoice #WOOO16491375 Total Debts of Decedent $ 473.33 Funeral Expenses 09/17/2007 Hollinger Funeral Home & $ 2,829.69 Crematory Funeral expenses Total Funeral Expenses $ 2,829.69 Administration Expenses 09/17/2007 Carl Ocker, Auctioneer $ 125.00 Appraise personal property taken in kind 03/19/2008 Clerk of Courts 26.50 Record Family Settlement Agreement 09/1 0/2007 Cumberland County Legal 75.00 Journal Advertise Grant of Letters Page 1 (4) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 03/19/2008 Dianne Kay McCullough $ 5,000.00 Executrix commission 03/1 0/2008 Lucinda Potter, CPA 195.00 Preparation of fina11ife period returns 09/11/2007 Met - Ed 81.29 Electric invoice 03/1912008 Patterson, Kiersz & Murphy, 2,000.00 P.c. Escrow for unforeseen expenses and debts of the estate; to be distributed upon approval of the Pennsylvania Inheritance Tax Return and filing of the fiduciary income tax returns 10/0 1/2007 The Sentinel 182.56 Advertise Grant of Letters 09/1712007 UGI Gas Service 31.61 Final utility invoice Total Administration Expenses $ 7,716.96 Federal and State Taxes 11/01/2007 Glenda Farner Strasbaugh, $ 18,050.00 Register of Wills Estimated inheritance taxes Total Federal and State Taxes $ 18,050.00 Fees and Commissions 09/17/2007 Glenda Farner Strasbaugh, $ 627.50 Register of Wills Probate fees 03/19/2008 Patterson, Kiersz & Murphy, 8,615.00 P.c. Attorney fees Total Fees and Commissions $ 9,242.50 Total Disbursements of Principal $ 38,312.48 Page 2 (5) Page 1 (6) PROPOSED DISTRIBUTION TO BENEFICIARIES 12/3/07 Advanced Cash Distribution 1999 Oldsmobile taken in kind by Janet Rae Ebersole Household furnishings taken in kind by heirs Cash available for distribution In satisfaction of bequest under Item SECOND of Last Will and Testament: To: Janet Rae Ebersole, vehicle taken in kind Household furnishings taken in kind 12/3/07 Advanced cash distribution Cash To: James \\Tarren Smith Household furnishings taken in kind 12/3/07 Advanced cash distribution Cash To: Dianne Kay McCullough Household furnishings taken in kind 12/3/07 Advanced cash distribution Cash $ 5,125.00 1,250.00 100,000.00 30,857.63 31.00 100,000.00 37,201.63 176.00 100,000.00 37,056.63 $ 300,000.00 5,125.00 1,457.00 105,115.89 $ 411,697.89 $ 137,232.63 $ 137,232.63 $ 137,232.63 Total.. ........ ............. ....... ............... .............. ....... ................. ............ ............. $ 411,697.89 Which exhausts the funds.