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Home My WebLink About04-10-08 (2) ESTATEOFMARYK. WATSON (") Go ,'i~ ! ,- (") . ._:~ J; }:;:; ""':...._~., 0 u)7Z ':;0 -0 r')., :t: cS~~ THIS AGREEMENT made this ~ day of ~ ~c~ ,200' BETWEEN: PHYLLIS W. JUMPER, being the legatee under the Last Will and File No. 21-07-0752 FAMILY SETTLEMENT AGREEMENT Testament of Mary K. Watson, late of North Newton Township, Cumberland County, Pennsylvania, AND PHYLLIS W. JUMPER, appointed Executrix of the Estate under the Last Will and Testament of Mary K. Watson, deceased, WHEREAS, Mary K. Watson died July 16,2007, testate, and under her Will left her estate to the party herein; and WHEREAS, Letters Testamentary were granted to Phyllis W. Jumper on August 7, 2007, by the Register of Wills of Cumberland County, Pennsylvania; and WHEREAS, all assets of the late Mary K. Watson have been liquidated or distributed and all her debts paid in full; and WHEREAS, the period of four months having been terminated since the first advertisement of the issuance of Letters to the said Executrix, the said party hereto desires to waive the duty of the Executrix to file a First and Final Account with Proposed Schedule of Distribution for purposes of confirmation by the Court of Common Pleas of Franklin County, Orphan's Court Division, AND FURTHER r-.) <:::;) <:::;) QO ;po -0 ::::0 :t:J I -~l E~ ~~~~:~ ('1 ''::-.J C) ~~'i '1 -T", 0(') r-Cl f -~, c,') WEIGLE & ASSOCIATES. P.C - ATTORNEYS AT LAW - 126 EAST KING STREET - SHIPPENSBURG. PA 17257-1397 ~ desires that a Family Settlement Agreement be executed, which Family Settlement will be duly recorded among the deed records in and for Cumberland County. NOW, THEREFORE, WITNESSETH, that the party hereto, in consideration of the premises above stated, and of the Accounting and Proposed Schedule of Distribution attached hereto and made a part hereof, and the receipt of her distributive share as therein shown, does bind herself to the said Distribution and Accounting as set forth and further mutually releases herself, from all claims and demands whatsoever arising out of settlement of the Estate of Mary K. Watson. The parties hereto do further agree that should any liability come due to the estate of the said decedent after the signing of this agreement, I do hereby covenant and agree with the aforesaid personal representative that I will satisfy any and all claims, demands, suits, or causes of action which may be successfully prosecuted against the said estate or the aforesaid personal representative after the signing, sealing and delivery of this family settlement agreement and final release. IN WITNESS WHEREOF, the party has hereunto set her hand and seal the day and year first above written. WITNESS: 7~ fL "dik. \ -,..-- ~ ~{ It::LAJLi Phyl 's W. Jump d (SEAL) WEIGLE & ASSOCIATES, Pc. - ATTORNEYS AT LAW - 126 EAST KING STREET - SHIPPENSBURG. PA 17257-1397 COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF CUMBERLAND On this, the ~,r J day of tJp0 , 2008, before me, the undersigned officer, personally appeared PHYLLIS W. JUMPER known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto se Notarial Seal Sh/ppeRhonc/a R. Wolford, Notary Public nSburg.80ro, Cumber/and Coo My CommiSSion EXpires Jan. 20, 2007 WEIGLE & ASSOCIATES, P.c. - ATTORNEVS AT LAW - 126 EAST KING STREET - SHIPPENSBURG, PA 17257-1397 In the Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. 21-07-0752 Estate of Mary K. Watson, Deceased North Newton Account Phyllis W. Jumper, Executrix Social Security #: Tax ID #: Date of Death: Date of Incapacity, if any: Date of Executor's Appointment: Date of First Complete Advertisement: Accounting for the Period: 207-03-7999 07/16/2007 None 08/09/2007 09/21/2007 07/16/2007 to 03/13/2008 Purpose of Account: Phyllis W. Jumper, Executrix, offers this Account to acquaint interested parties with the transactions that have occurred during the Administration. It is important that the Account be carefully examined. Requests for additional information or questions or objections can be discussed with: Jerry A. Weigle Esquire Weigle & Associates, P.C. 126 East King Street Shippensburg, PA 17257 717/532-7388 Supreme Court I.D. No. 01624 SUMMARY OF ACCOUNT Estate of Mary K. Watson, Deceased For the period of Julv 16. 2007 throuQh March 13.2008 PaQe Fiduciary Acquisition Value PRINCIPAL Receipts: This Account 1 16,223.90 Net Gain (or Loss) on Sales 0.00 or Other Dispositions 16,223.90 Less Disbursements: Debts of Decedent 2 3,022.60 Funeral Expenses 2 4,991.50 Administration Expenses 2 479.29 Federal, State & Local Taxes 2-3 152.12 Commissions 0.00 Fees 3 850.00 Family Exemption 3 3,500.00 12,995.51 Balance Before Distributions 3,228.39 Transfer to (from) Principal 0.00 Distributions to Beneficiaries 4 3,228.39 Principal Balance on Hand 0.00 For Information: Investments Made Changes in Holdings 5 INCOME Recei pts This Account 0.00 Net Gain (or Loss) on Sales 0.00 or Other Dispositions 0.00 Less Disbursements 0.00 Balance Before Distributions 0.00 Transfer to (from) Income 0.00 Distributions to Beneficiaries 0.00 Income Balance on Hand 0.00 For Information: Investments Made Changes in Holdings COMBINED BALANCE ON HAND 0.00 Verification 6 SCHEDULE A RECEIPTS OF PRINCIPAL 07/17/2007 Cash Farmers National Bank of Newville Certificate of Deposit #162600 Accrued interest on above item through date of death Farmers National Bank of Newville Certificate of Deposit #172542 Accrued interest on above item through date of death Farmers National Bank of Newville Checking Acct. #183237 Accrued interest on above item through date of death 07/17/2007 07/17/2007 07/17/2007 07/17/2007 07/17/2007 Total Cash 07/17/2007 Personal Property 1999 Ford Taurus stationwagon Total Personal Property Total Inventory 3.268.54 121.05 1.800.00 33.30 8.500.50 2.500.00 Total Receipts of Principal 1 Fiduciary Acquisition Value 0.51 13.723.90 2.500.00 16.223.90 16.223.90 SCHEDULE C DISBURSEMENTS OF PRINCIPAL Debts of Decedent 10/29/2007 Department of Public Welfare - lien against 3.022.60 estate Total Debts of Decedent 3.022.60 Funeral Expenses 07/24/2007 Egger Funeral Home 4.991.50 Total Funeral Expenses 4.991.50 Administration Expenses 08/09/2007 Cumberland County Register of Wills - Letters 98.00 Testamentary 08/30/2007 Cumberland Law Journal- estate advertising 75.00 10/11/2007 The Sentinel - estate advertising 190.54 10/29/2007 Cumberland County Register of Wills - Family 75.00 Settlement Agreement filing 10/29/2007 Cumberland County Register of Wills - PA 15.00 Inheritance Tax Return filing 10/29/2007 Weigle & Associates, P.C. - miscellaneous 15.75 postage, phone calls, etc. 10/29/2007 Weigle & Associates, P.C. - Notary fee 10.00 Total Miscellaneous Administrative Expenses 479.29 Federal. State & Local Taxes 11/19/2007 Cumberland County Register of Wills - PA 152.12 Inheritance Tax Total Taxes 152.12 2 SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued Fees 10/29/2007 Weigle & Associates, P.C. - Estate Attorney Fee Total Fees Familv Exemption 10/29/2007 Phyllis Jumper - Family Exemption Total Familv Exemption TOTAL DISBURSEMENTS OF PRINCIPAL 3 850.00 3.500.00 850.00 3.500.00 12.995.51 SCHEDULE D DISTRIBUTIONS OF PRINCIPAL Phvllis W. Jumper 08/16/2007 11/15/2007 1999 Ford Taurus stationwagon Cash 2.500.00 728.39 TOTAL DISTRIBUTIONS TO BENEFICIARIES 4 3.228.39 3.228.39 # Units 1999 Ford Taurus stationwaaon 07/17/2007 08/16/2007 SCHEDULE F CHANGES IN PRINCIPAL HOLDINGS inventoried distributed 5 Total Cost 2.500.00 -2.500.00 0.00 0.00 In the Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. 21-07-0752 Estate of Mary K. Watson, Deceased Verification Phyllis W. Jumper, Executrix under the Last Will and Testament of Mary K. Watson, Deceased, hereby declares under oath that he/she has fully and faithfully discharged the duties of his/her office; that the foregoing 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 his/her knowledge, there are no claims now outstanding against the Estate; that all taxes presently due from the Estate have been paid; and that the grant of Letters Testamentary and the first complete advertisement thereof occurred more than four months before the foregoing Account. This statement is made subject to penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. c}~~ u/~ ~ Phylli . Jumper! L-/ - '3 - O~ Dated: 6