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Home My WebLink About04-22-08 ESTATE OF CLARAD. PAUL. DECEASED : IN THE COURT OF COMMON PLEAS : OF CUMBERLAND COUNTY, PENNSYLVANIA : ORPHANS' COURT DMSION ~ = = ~ --0 :::0 f'.) f'.) : NO. 2105-0831 C) Go ..:,. -:J:J ') ~\~ ~;1 :0 >;::: APPROVAL OF ACCOUNT RELEASE AND INDEMNIFICATION (~;~ (~~:; (- :D --; -0 ~ - .. J;:"" WHEREAS, Clara D. Paul (the "Decedent") died on September 1, 2005, leaviitg a 'N"ill dated November 5, 1998, and a Codicil dated August 1,2001 (collectively referred to herein as the "Will"), which Will was duly probated by the Register of Wills of Cumberland County, Pennsylvania on September 19,2005; and WHEREAS, Item XIII of the Will names Decedent's husband, Paul E. Paul, as Executor and Decedent's daughter, Bernadette Paul, as alternate to serve as Executrix in the event of Paul E. Paul's death or inability to act; and WHEREAS, Paul E. Paul died on June 28, 1999, predeceasing Decedent; and WHEREAS, Letters Testamentary were duly granted to Bernadette Paul (the "Executrix'') on September 19, 2005; and WHEREAS, Decedent was survived by her three children, Emmanuel Paul, Bernadette Paul and Gregory E. Paul (the "Beneficiaries"), who are the only parties in interest; and WHEREAS, with the prior death of Paul E. Paul, the relevant provisions of decedent's Will are as follows: (A) ITEM ill bequeaths Decedent's household and personal property to her children in equal shares; - 1 - . 658159.2 (B) ITEM V bequeaths Decedent's entire remaining estate, real, personal and mixed, to her three children, in equal shares; and WHEREAS, the Pennsylvania Inheritance Tax and Federal Estate Tax returns have been filed and approved, and administration of the estate is nearly complete, with the exception of filing final fiduciary income tax returns; and WHEREAS, the Beneficiaries desire that the Estate be concluded without the expense and formality of a court accounting; and WHEREAS, the Executrix is willing to consent to such a conclusion of the Estate upon receipt of a proper release and indemnification, which it is the purpose of this Agreement to provide. NOW, THEREFORE, the undersigned children of the Decedent, for themselves, their heirs, personal representatives and assigns: (1) State that they have examined the First and Final Account of the administration of Decedent's Estate and the accompanying Statement of Proposed Distribution, which are attached hereto as Exhibit "A," and approve the transactions and distributions set forth or proposed therein as though they had been confirmed absolutely by the Court having jurisdiction over the Estate. (2) Waive the filing and auditing of the Account by any Court and agree that any Court having jurisdiction over the Estate may confinn the Account and any Proposed Distribution. - 2 - (3) Acknowledge receipt from the Executrix of the assets shown as having been distributed to them or proposed to be distributable to them in such Account and Statement in full and complete satisfaction of all of their interests in Decedent's Estate; and (4) Do hereby absolutely and irrevocably release, remise, quitclaim and forever d.ischarge the said Executrix, her heirs and personal representatives, of and from all actions, suits, payments, accounts, reckonings, claims and demands whatsoever relating to the Estate of the said Decedent, whether as claimant, beneficiary or heir. (5) Do hereby absolutely and irrevocably release the Executrix from filing any Account, Petition for Distribution or other document with the Court of Common Pleas of Cumberland County, Pennsylvania, or in any other jurisdiction in connection with the Estate of the Decedent. (6) Do hereby agree that if, at any time in the future, the said Executrix receives any demand or claim for any amount claimed to be due and owing from her, as Executrix, and approves said demand or claim, they shall, at the request of the said Executrix, pay to the said Executrix the amount of any such demand or claim, or if it has been paid by the said Executrix, then reimburse her for the amount paid by her, provided that the amount of such requested payment or reimbursement shall not exceed the total of the assets paid or distributed by said Executrix to the undersigned Beneficiaries as set forth in the attached Account and Proposed Schedule of Distribution. (7) Do hereby agree to indemnify the Executrix and hold her harmless to the extent of the Estate assets received by the undersigned from and against any and all claims, loss, - 3 - liability or damage (including legal fees and costs) which the Executrix may suffer or to which she may be subjected by reason of the administration of the Estate or the distribution of the assets of the estate without having formal approval of the Court of Common Pleas, Orphans' Court Division, of Cumberland County, Pennsylvania, or any other court. (8) Do hereby agree that this Agreement may be signed and acknowledged by the parties hereto in counterparts and a complete set of executed counterparts, containing the signatures of all parties, shall constitute an original and complete instrument. This instrument shall be legally binding on the undersigned and their personal representatives, heirs and assigns. IN WITNESS WHEREOF, the undersigned have executed this Agreement on the .3 I day of ~ I"C 4 , 2008. \\J\,~v~ '{ Witness ~\~ (SEAL) (SEAL) Witness Bernadette Paul (SEAL) Witness Gregory E. Paul - 4 - liability or damage (including legal fees and costs) which the Executrix may suffer or to which she may be subjected by reason of the administration of the Estate or the distribution of the assets of the estate without having formal approval of the Court of Common Pleas, Orphans' Court Division, of Cumberland County, Pennsylvania, or any other court. (8) Do hereby agree that this Agreement may be signed and aclrnowledged by the parties hereto in counterparts and a complete set of executed counterparts, containing the signatures of all parties, shall constitute an original and complete instrument. This instrument shall be legally binding on the undersigned and their personal representatives, heirs and assigns. IN WITNESS WHEREOF, the undersigned have executed this Agreement on the (;2A day of Cf1d , 2008. BENEFICIARIES: Witness 'B'.o{<~ WItness (SEAL) Witness Gregory)~. Paul (~ , J L i / . . . ( (h/,:::'1.A.-(~. i // .-Vi '-? '/ ~( '- COMMONWEALTH Of PENNSYLVANIA NOTARIAL SEAL PENNY A. WALKER, Notlry Public City of Hlrrisbura, Dauphin Coul'lty My Commissioft Expires AprH 1, 2011 - -4 - liability or damage (including legal fees and costs) which the Executrix may suffer or to which she may be subjected by reason of the administration of the Estate or the distribution of the assets of the lestate without having formal approval of the Court of Common Pleas, Orphans' Court Division, of Cumberland County, Pennsylvania, or any other court. (8) Do hereby agree that this Agreement may be signed and acknowledged by the parties hereto in counterparts and a complete set of executed counterparts, containing the signatures of all parties, shall constitute an original and complete instrument. This instrument shall be legally binding on the undersigned and their personal representatives, heirs and assigns. IN WITNESS WHEREOF, the undersigned have executed this Agreement on the c!2?ti- day of ~ , 2008. BENEFICIARIES: (SEAL) Witness Emmanuel M. Paul (SEAL) Witness Bernadette Paul ~ (SEAL) Witness - 4 - SCHEDULE OF PROPOSED DISTRIBUTION TO: EMMANUELM.PAUL One-third residuary share, per Item V ofWi11: Principal cash Income cash 81,755.66 8.798.02 TO: BERNADETTE PAUL One-third residuary share, per Item V of Will: Principal cash Income cash 81,755.66 8.798.02 TO: GREGORY E. PAUL One-third residuary share, per Item V ofWi11: Principal cash Income cash 81,755.66 8.798.02 - 8 - 90,553.68 90,553.68 90.553.68 271.661.04 CO:MMONWEALTH OF PENNSYLVANIA COUNTY OF ct~~~ SS: On this, the S\~* day of \Y\~l ,2008, before me, the undersigned officer, personally appeared EMMANUEL M. PAUL, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within Agreement and acknowledged that he executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. ,).0. ----....... ~'\ ~;~ r ~ " ~~ Notary Pu . My Commission Expires: ~~c. \3/ ~ (SEAL) fJ '~ "t,j,r ~i:. H OF P~NN'-:>'1(LV"..~~I,\ ( !...lMMl).",,-"'" ~,--- l {::"-l~0i f,\i:b, .~, '~'~~TY Pubiic \ PLNNY , , ,'. ..:....; I~ 'I1t'J \ .. ' ", '; 'r."''' ,aroe. "QU,. 1 ~" ~:,~t'ln i:", .... .f '.: ~',"::"::.l3, .?:~L ~ .~ . ..,,"- " ti ~ (SEAL) - 5 - COMMONWEALTH OF PENNSYLVANIA COUNTY OF /j;{2'l~/~ : SS: If ,7' On this, the / day of If"d-i-J , 2008, before me, the undersigned officer, personally appeared BERNADETTE PAUL, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within Agreement and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my lwnd and official seal. ./ / /7// / ~:;;'4~C ..i! !cUd- .df~<- (SEAL) My Commission Expires: (SEAL) COMMONWEALfI1 Ot PENNSYLVANIA NOTARIAL SEAL PENNY A. WALKER, Notlry Public City of Hlrrisburg. Dauphin County My Cornmissioc. Expires April 1, 2011 - 6 - COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF J~ On this, the ~ 1 day of l)l ().JI C ~ , 2008, before me, the undersigned \. officer, personally appeared GREGORY E. PAUL, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within Agreement and acknowledged that he executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. 41ci!~ (SEAL) Notary Public My Commission Expires: I 9..\ a ~ \ d- 0 i D (SEAL) ~COMMON\NE.6~~~NNSYLVANIA Hope L HamlII, Notary Public Upper Nazareth Twp., Northampton County My Commi8s~ Expi~.Dec. 23. 201~ pennsylvania Association of Notanes - 7 - IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NO. 0831 OF 2005 FIRST AND FINAL ACCOUNTING OF BERNADETTEPAUL,EXECUTRlX For ESTATE OF CLARAD. PAUL, Deceased Date of Death: September 1, 2005 Date of Appointment: September 19, 2005 Date of First Complete Advertisement: October 4, 2005 Accounting for the Period: September 1,2005 to January 3, 2008 Purpos1e of Account: Bernadette Paul offers this account to acquaint interested parties with the transactions that have oc:curred. The aCGount also indicates the proposed distribution of the Estate assets. It is important that the account be carefully examined. Requests for additional information, or questions, or objections, can be discussed with: Stanley A. Smith, Esquire Rhoads & Sinon LLP One South Market Square, 12th Floor P.O. Box 1146 Harrisburg, P A 17108-1146 (717) 233-5731 EXHIBIT "A" 680438_1 Estate of Clara D Paul Summary of Account Principal Page Principal Receipts 2 $ 1,393,568.68 Net Loss on Sales or Other Dispositions 7 (26,259.32) $ 1,367,309.36 Less Disbursements: 17 Debts of Decedent $ 5,144.26 Funeral Expenses 11,275.53 Administrative Expenses 40,496.59 Federal & State Taxes 279,795.01 Fees & Commissions 10,00000 366,711.39 Balance Before Distributions $ 1,000,597.97 Less Amounts to Beneficiaries 36 $ 755,331.00 Total Distributions $ 755,331.00 Principal Balance On Hand 38 $ 245,266.97 For Information: Investments Made 39 Unpaid Expenses Unrealized Gains and Losses Income Receipts 47 $ 26,367.27 Net Gain on Sales or Other Dispositions 56 26.80 $ 26,394.07 Less Disbursements: 57 000 Balance Before Distributions $ 26,394.07 Less Amounts to Beneficiaries 58 $ 0.00 Total Distributions $ 0.00 Income Balance on Hand 59 $ 26,394.07 For Information: Investments Made 60 Unpaid Expenses Unrealized Gains and Losses Combined Balance on Hand $ 271,661.04 Estate of Clara D Paul Principal Receipts Cash and Cash Equivalents Citizens Bank Certificate of Deposit #6241-044449 Inventory Value 09/0112005 Interest to Date of Death $ 120,087.39 62.65 Citizens Bank Checking Acct. #610058-792-4 6,962.77 Commerce Bank Checking Acct. #5013204958 5,471.47 Interest to Date of Death Commerce Bank Savings Acct. #0616159474 0.61 Interest to Date of Death Cortland General Money Market Fund, Wa1nut Street Securities Acct. #5W8-200987 32,726.30 0.89 Interest to Date of Death Diocese of Harrisburg Savings Acct. #01-36097 65,216.27 79.07 Interest to Date of Death 21,613.39 112.20 M&T Bank Checking Acct. #67561934 8,789.18 0.49 Interest to Date of Death PSECU Checking Acct. #8006829520(S4 ) 15,860.53 0.12 Interest to Date of Death PSECU Savings Acct. #8006829520(S 1) 986.72 Interest to Date of Death 0.02 Sovereign Bank Checking Acct. #0771033354 1,808.10 (2) Principal Receipts (Continued) Inventory Value Cash and Cash Equivalents 09/0112005 Interest to Date of Death 0.01 Sovereign Bank Checking Acct. #1201756332 37,456.61 Interest to Date of Death 23.79 Total Cash and Cash Equivalents $ 317,258.58 No. of Shares Stocks 152 Agilent Technologies Inc $ 4,886.80 2,400 Arngen Inc 192,432.00 800 Cisco Sys Inc 14,104.00 800 Coca Cola Co 35,172.00 2,000 Gateway Inc 6,010.00 1,500 General Elec Co 49,897.50 1,000 Harley Davidson Inc 49,170.00 800 Hewlett Packard Co 22,108.00 3,200 Intel Corp 81,392.00 1,000 Johnson & Johnson 63,310.00 Dividend at Date of Death 330.00 200 Lucent Technologies Inc 614.00 120 Medco Health Solutions Inc 5,901.60 300 Medtronic Inc 17,124.00 800 Mellon Finl Corp 26,084.00 (3) (4) Principal Receipts (Continued) Inventory Value Miscellaneous 09/0112005 New York Life Insurance Company Group Life Insurance Beneficiary: Estate of Clara D. Paul $ 2,521.77 Penn Treaty Network America Insurance Company Beneficiary: Estate of Clara D. Paul 1,951.04 QTIP Trust B under the Will of Paul E. Paul. Accumulated income to date of death. 419.40 Refund, accidental death policy prermum 17.24 Refund, Bank of America credit card 474.26 Refunds, credit card ($19.90) and life insurance premium ($6.82) 26.72 Refund, Adams Respiratory Therapeutics 2.00 Refund of Federal taxes on final 1040 5,457.00 Social Security check for August 1,586.00 Total Miscellaneous $ 12,776.43 Real Property Residence, 721 Hilltop Drive, Drexel Hills, Borough of New Cumberland, Cumberland County, P A, Map Reference 26-24-0809-437, Census Tract 107 $ 220,000.00 Total Real Property 220,000.00 Total Inventory $ 1.387.862.31 R€~ceipts Subsequent to Inventory 09/0112005 PSERS, annuity check received after death $ 2,117.78 (5) Principal Receipts (Continued) Receipts Subsequent to Inventory 04/18/2006 Refund, auto insurance $ 07/03/2006 Refund, unknown 08/30/2006 American Express travelers cheques titled to Paul E. Paul 12/13/2006 Refund, Erie Insurance Companty, homeowner's insurance 12/19/2006 Refund, unknown 06/19/2007 Auction proceeds, sale of house contents Total Receipts Subsequent to Inventory Total Receipts of Principal (6) 647.00 9.64 500.00 661.00 10.95 1,760.00 $ $ 5.706.37 1,393,568.68 Estate of Clara D Paul Gains and Losses on Sales or Other Dispositions of Principal Net Gain Net Loss 09/0212005 Collection Social Security check for August Net Proceeds $ 1,586.00 Inventory Value 1,586.00 09/3012005 Collection PSERS, annuity check received after death Net Proceeds $ 2,117.78 Inventory Value 2,117.78 10/1812005 Collection Walnut Street Securities, income check issued before death Net Proceeds $ 160.00 Inventory Value 160.00 10/18/2005 Collection Penn Treaty Network America Insurance Company Beneficiary: Estate of Clara D. Paul Net Proceeds $ 1,951.04 Inventory Value 1,951.04 10/18/2005 Collection PSECU Checking Acct. #8006829520(S4) Net Proceeds $ 18,615.94 Inventory Value 18,615.94 10/18/2005 Collection PSECU Savings Acct. #8006829520(S 1) Net Proceeds $ 976.33 Inventory Value 976.33 10/18/2005 Collection Refund, Adams Respiratory Therapeutics Net Proceeds $ 2.00 Inventory Value 2.00 10/21/2005 Collection (7) Gains and Losses on Sales or Other Dispositions of Principal (Continued) (8) (9) (10) Gains and Losses on Sales or Other Dispositions of Principal (Continued) Net Gain Net Loss Inventory Value $ 40,090.00 Net Proceeds 33,405.04 $ 6,684.96 05/03/2006 Sale 269 Shares Amgen Inc Inventory Value $ 21,568.42 Net Proceeds 17,974.05 3,594.37 05/03/2006 Sale 400 Shares Amgen Inc Inventory Value $ 32,072.00 Net Proceeds 26,727.22 5,344.78 05/03/2006 Sale 31 Shares Amgen Inc Inventory Value $ 2,485.5 8 Net Proceeds 2,071.37 414.21 05/03/2006 Sale 200 Shares Amgen Inc Inventory Value $ 16,036.00 Net Proceeds 13,363.62 2,672.38 05/03/2006 Sale 100 Shares Amgen Inc Inventory Value $ 8,018.00 Net Proceeds 6,681.82 1,336.18 05/03/2006 Sale 131 Shares Amgen Inc Inventory Value $ 10,503.58 Net Proceeds 8,753.17 1,750.41 05/03/21006 Sale 400 Shares Amgen Inc Inventory Value $ 32,072.00 Net Proceeds 26,727.20 5,344.80 (11) (12) Gains and Losses on Sales or Other Dispositions of Principal (Continued) Net Gain Net Loss 2,000 Shares Gateway Inc Inventory Value $ 6,010.00 Net Proceeds 4,174.91 $ 1,835.09 05/03/2006 Sale 1,500 Shares General Elec Co Net Proceeds $ 51,488.75 Inventory Value 49,897.50 $ 1,591.25 05/03/2006 Sale 1,000 Shares Harley Davidson Inc Net Proceeds $ 50,563.13 Inventory Value 49,170.00 1,393.13 05/03/2006 Sale 800 Shares Hewlett Packard Co Net Proceeds $ 25,799.18 Inventory Value 22,108.00 3,691.18 05/03/2006 Sale 2,000 Shares Intel Corp Inventory Value $ 50,870.00 Net Proceeds 39,900.11 10,969.89 05/03/2006 Sale 1,200 Shares Intel Corp Inventory Value $ 30,522.00 Net Proceeds 23,942.46 6,579.54 05/03/2006 Sale 1,000 Shares Johnson & Johnson Inventory Value $ 63,310.00 Net Proceeds 57,879.00 5,431.00 05/03/2006 Sale 200 Shares Lucent Technologies Inc Inventory Value $ 614.00 (13) Gains and Losses on Sales or Other Dispositions of Principal (Continued) Net Gain Net Loss Net Proceeds 486.94 $ 127.06 05/03/20106 Sale 120 Shares Medco Health Solutions Inc Net Proceeds $ 6,147.33 Inventory Value 5,901.60 $ 245.73 05/03/2006 Sale 300 Shares Medtronic Inc Inventory Value $ 17,124.00 Net Proceeds 14,754.87 2,369.13 05/03/2006 Sale 400 Shares Mellon Finl Corp Net Proceeds $ 14,920.96 Inventory Value 13,042.00 1,878.96 05/03/21006 Sale 400 Shares Mellon Finl Corp Net Proceeds $ 14,924.95 Inventory Value 13,042.00 1,882.95 05/03/2006 Sale 700 Shares PNC Finl Svcs Group Inc Net Proceeds $ 49,418.89 Inventory Value 39,550.00 9,868.89 05/03/2006 Sale 100 Shares PNC Finl Svcs Group Inc Net Proceeds $ 7,060.41 Inventory Value 5,650.00 1,410.41 05/03/2006 Sale 200 Shares PNC Finl Svcs Group Inc Net Proceeds $ 14,118.82 Inventory Value 11,300.00 2,818.82 05/03/2006 Sale (14) Gains and Losses on Sales or Other Dispositions of Principal (Continued) Net Gain Net Loss 2,104.397 Shares Putnam Invt Fds Grwth Opptys A Net Proceeds $ 29,341.47 Inventory Value 27 ,441.34 $ 1,900.13 05/0312006 Sale 2,833.819 Shares Rs Invt Tr Growth Fd Inventory Value $ 49,869.23 Net Proceeds 48,026.57 $ 1,842.66 05/1 0/2006 Sale Refund of Federal taxes on final 1040 Net Proceeds $ 5,457.00 Inventory Value 5,457.00 07/03/2006 Collection Refund, unlmown Net Proceeds $ 9.64 Inventory Value 9.64 08/30/2006 Sale American Express travelers cheques titled to Paul E. Paul Net Proceeds $ 500.00 Inventory Value 500.00 12/13/2006 Collection Refund, Erie Insurance Companty, homeowner's insurance Net Proceeds $ 661. 00 Inventory Value 661.00 12/19/2006 Collection Refund, unlmown Net Proceeds $ 10.95 Inventory Value 10.95 06/19/2007 Collection Auction proceeds, sale of house contents Net Proceeds $ 1,760.00 (15) Gains and Losses on Sales or Other Dispositions of Principal (Continued) Inventory Value 01/31/2008 Sale Residence, 721 Hilltop Drive, Drexel Hills, Borough of New Cumberland, Cumberland County, P A, Map Reference 26-24-0809-437, Census Tract 107 Inventory Value $ Net Proceeds Total Gains and Losses Net Loss (16) 1,760.00 220,000.00 200,000.00 Net Gain $ Net Loss $ 20,000.00 57,045.36 $ 83,304.68 $ 26.259.32 Estate of Clara D Paul Disbursements of Principal Date Paid Debts of Decedent 09/06/2005 Borough of New Cumberland Utilities, residence 09/06/2005 Lifeline Systems 09/06/2005 PPL Service to residence 09/06/2005 UGI Utilities Service to residence 09/07/2005 Sovereign Bank, check clearing after death 09/09/2005 AT&T, service to residence 09/09/2005 MBNA, balance due 09/28/2005 AT&T Wireless 09/28/2005 AT&T Wireless 10/07/2005 PSECU VISA 10/27/2005 The Patriot-News Co., balance due Check Number 106 10/28/2005 Pfister & Rompalo, PC, accounting services Accounting services Check Number 104 11/01/2005 Griswold Special Care Balance due Check Number 103 (17) Amount Paid $ 76.99 37.00 157.55 185.34 1,200.00 12.63 180.45 27.00 30.00 48.89 1.80 150.00 443.75 Disbursements of Principal (Continued) Date Paid Amount Paid Debts of Decedent 11/01/2005 Mark S. Ulsh $ 230.00 Yard services at residence Check Number 105 11/10/2005 PSERS, return of unearned 2,117.78 annuity Check Number 109 11/18/2005 Cingular 2.08 Final bill Check Number 112 04/05/2006 P A Department of Revenue, tax 243.00 due on decedent's final P A 40 Check Number 124 Total Debts of Decedent $ 5,144.26 Funeral Expenses 10/26/2005 Emmanuel M. Paul $ 10,970.18 Reimbursement, funeral expenses Check Number 101 10/26/2005 Emmanuel M. Paul 305.35 Reimbursement, funeral expenses Check Number 102 Total Funeral Expenses $ 11,275.53 Administration Expenses 09/16/2005 Comcast Cable $ 48.00 Service to residence 10/07/2005 Comcast Cable 48.00 Service to residence 10/12/2005 PSECU, new member fee 1.00 (18) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 10/28/2005 PAWC $ 51.45 Service to residence 10/28/2005 PPL 182.15 Service to residence 10/28/2005 UGI Utilities 393.81 Service to residence 10/28/20105 Verizon 51.42 Service to residence 11/01/20105 Diocese of Harrisburg 76.00 Cemetery wreath Check Number 108 11/02/2005 Corncast Cable 46.00 Service to residence 11/18/20105 RSR Appraisers, appraisal of 350.00 residence Check Number 111 11/22/20105 PAWC 26.52 Service to residence 11/22/2005 PPL 53.41 Service to residence 11/22/2005 Verizon 25.57 Service to residence 12/01/2005 Borough of New Cumberland 64.80 Utilities, residence 12/0112005 Corncast Cable 46.00 Service to residence (19) Disbursements of Principal (Continued) Date ])aid Administration Expenses 12/1912005 Mark S. Ulsh Leaf removal and hedge trimming at residence Check Number 114 12/19/2005 PAWC Service to residence 12/1912005 PPL Service to residence 12/19/2005 UGI Utilities Service to residence 12/1912005 Verizon Service to residence 12/30/2005 Comcast Cable Service to residence 01118/2006 PAWC Service to residence 0111812006 PPL Service to residence 01118/2006 UGI Utilities Service to residence 0111812006 Verizon Service to residence 01126/2006 Commonwealth of Pennsylvania, registration for decedent's automobile Check Number 115 (20) Amount Paid $ 527.50 26.34 60.52 220.00 25.56 46.00 21.75 60.37 222.75 25.56 36.00 Disbursements of PrinCipal (Continued) Date Paid Amount Paid Administration Expenses 01126/2006 Masland & Barrick, fee for $ 247.50 estate administration Check Number 117 02/03/2006 Comcast Cable 46.00 Service to residence 02/03/2006 Home Paramount, renewal of 324.36 termite contract at residence Check Number 118 02/06/2006 Greg Paul, reimbursement for 103.00 mailing expenses Check Number 116 02/14/2006 PAWC 17.45 Service to residence 02/14/2006 PPL 57.96 Service to residence 02/14/2006 UGI Utilities 222.78 Service to residence 02/14/2006 Verizon 25.56 Service to residence 02/17/2006 Borough of New Cumberland 64.80 Utilities, residence 02/17/2006 Mark S. Ulsh 144.00 Snow removal at residence Check Number 119 03/03/2006 Comcast Cable 46.00 Service to residence (21) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 03/09/2006 Robin Gasparelli, Tax $ 852.77 Collector, real estate taxes Check Number 120 03/21/2006 PAWC 26.45 Service to residence 03/21/2006 PPL 66.91 Service to residence 03/21/2006 UGI Utilities 222.78 Service to residence 03/21/2006 Verizon 25.56 Service to residence 03/24/2006 Erie Insurance Group, auto 632.00 . . msurance prermum Check Number 121 03/28/2006 Comcast Cable 46.00 Service to residence 03/30/2006 Catholic Cemeteries, cemetery 140.00 flowers Check Number 122 04/05/2006 Pfister & Rompalo, preparation 835.00 of fmal income tax returns Check Number 123 05/05/2006 PAWC 25.87 Service to residence 05/05/2006 PPL 57.58 Service to residence (22) Disbursements of Principal (Continued) Date :Paid Amount Paid Administration Expenses 05/0512006 UGI Utilities $ 417.39 Service to residence 05/0512006 Verizon 52.57 Service to residence 05/16/2006 Mark S. Ulsh 231.50 Yard work at residence Check Number 125 05/19/2006 Borough of New Cumberland 64.80 Utilities, residence 06/08/2006 PAWC 51.76 Service to residence 06/08/2006 PPL 60.84 Service to residence 06/08/20106 UGI Utilities 548.38 Service to residence 06/08/2006 Verizon 27.02 Service to residence 06/12/2006 Mark S. Ulsh 192.00 Yard work at residence Check Number 128 07/2012006 Robin Gasparelli, Tax 1,696.30 Collector, real estate taxes Check Number 131 07/21/2006 Mark S. Ulsh 580.00 Yard work at residence Check Number 129 (23) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 07/21/2006 Zimmerman Plumbing, service $ 390.05 contract on residence Check Number 130 07/26/2006 Erie Insurance Group, 31. 00 homeowners' insurance Check Number 132 08/02/2006 PAWC 26.68 Service to residence 08/02/2006 PPL 137.69 Service to residence 08/02/2006 UGI Utilities 54.00 Service to residence 08/08/2006 Mark S. Ulsh 686.25 Yard work at residence Check Number 133 08/08/2006 Verizon 26.55 Service to residence 08/23/2006 Borough of New Cumberland 64.80 Utilities, residence 08/23/2006 PAWC 24.68 Service to residence 08/23/2006 PPL 116.13 Service to residence 08/23/2006 Verizon 26.80 Service to residence (24) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 08/25/2006 Erie Insurance Group, $ 661.00 homeowners' insurance Check Number 136 09/14/2006 PPL 71.96 Service to residence 09/14/2006 PPL 41.14 Service to residence 09/14/2006 UGI Utilities 14.94 Service to residence 09/14/2006 Verizon 26.48 Service to residence 09/19/2006 Mark S. UIsh 96.00 Yard work at residence Check Number 137 09/29/2006 PAWC 25.89 Service to residence 09/29/2006 UGI Utilities 16.63 Service to residence 10/12/2006 Mark S. Ulsh 192.00 Yard work at residence Check Number 138 10/12/2006 Verizon 26.48 Service to residence 10/31/2006 PAWC 25.89 Service to residence 10/31/2006 PPL 39.83 Service to residence (25) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 10/31/2006 UGI Utilities $ 106.17 Service to residence 11/0912006 PAWC 26.62 Service to residence 11/09/2006 Verizon 26.48 Service to residence 11/21/2006 Borough of New Cumberland 64.80 Utilities, residence 11/22/2006 Mark S. Ulsh 186.00 Yard work at residence Check Number 139 11/22/2006 Rhoads & Sinon LLP 1,664.44 Reimbursement for out-of-pocket expenses Check Number 140 11/28/2006 UGI Utilities 167.52 Service to residence 12/05/2006 Diocese of Harrisburg 79.50 Cemetery flowers Check Number 141 12/07/2006 Erie Insurance Group, 300.00 homeowners' insurance Fire insurance Check Number 142 12/18/2006 Erie Insurance Group, 432.00 homeowners'insurance Fire insurance on residence Check Number 143 12/19/2006 Mark S. Ulsh 328.00 Yard work at residence Check Number 144 (26) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 01/02/2007 Home Paramount, renewal of $ 330.85 termite contract at residence Add actual expense Check Number 145 01/03/2007 PAWC 26.03 Service to residence 01/05/2007 PPL 46.3 8 Service to residence 01/05/2007 UGI Utilities 298.44 Service to residence 01/05/2007 Verizon 27.17 Service to residence 01/31/2007 PAWC 26.21 Service to residence 01/31/2007 PPL 48.35 Service to residence 01/31/2007 UGI Utilities 280.78 Service to residence 01/31/2007 Verizon 27.09 Service to residence 02/07/2007 Verizon 27.00 Service to residence 03/01/2007 PAWC 26.62 Service to residence 03/01/2007 PPL 47.61 Service to residence (27) Disbursements of Principal (Continued) Date :Paid Amount Paid Administration Expenses 03/0112007 UGI Utilities $ 476.67 Service to residence 03/06/2007 Borough of New Cumberland 64.80 Utilities, residence 03/09/2007 Robin Gasparelli, Tax 867.85 Collector, real estate taxes Check Number 148 03/13/2007 Mark S. Ulsh 45.00 Yard work at residence Check Number 147 03/27/2007 Catholic Cemeteries, cemetery 118.00 flowers Check Number 146 03/27/2007 PAWC 26.62 Service to residence 03/27/2007 PPL 54.26 Service to residence 03/27/2007 Verizon 29.15 Service to residence 04/09/2007 Mark S. Ulsh 50.00 Yard work at residence Check Number 149 04/19/2007 PAWC 26.03 Service to residence 04/19/2007 PPL 41.12 Service to residence (28) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 04/19/2007 UGI Utilities $ 453.23 Service to residence 04/19/2007 Verizon 28.28 Service to residence 05/11/2007 Mark S. Ulsh 100.00 Yard work at residence Check Number 150 05/11/2007 PPL 39.54 Service to residence 05/11/2007 UGI Utilities 239.54 Service to residence 05/11/2007 Verizon 28.68 Service to residence 05/18/2007 Kris Telencio 125.00 Clean residence for sale showing Check Number 151 OS/22/2007 Borough of New Cwnberland 64.80 Utilities, residence OS/29/2007 PAWC 26.62 Service to residence 06/07/2007 Verizon 28.50 Service to residence 06/12/2007 Mark S. Ulsh 493.50 Yard work at residence Check Number 152 (29) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 06/1412007 PAWC $ 26.62 Service to residence 06/14/2007 PPL 49.28 Service to residence 06/21/2007 Bernadette Paul 249.00 Advertising, sale of residence Check Number 155 06/22/2007 Kris Telencio 125.00 Clean residence for sale showing Check Number 153 06/27/2007 Bernadette Paul 133.00 Advertising, sale of residence Check Number 156 06/28/2007 Emmanuel Paul 60.00 Advertising, sale of residence Check Number 154 06/28/20107 UGr Utilities 61.27 Service to residence 07/09/2007 Verizon 28.50 Service to residence 07/12/2007 Mark S. Ulsh 150.00 Yard work at residence Check Number 157 07/12/2007 PAWC 27.22 Service to residence 07/18/2007 PPL 32.88 Service to residence (30) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 07/25/2007 Bernadette Paul $ 165.00 Advertising, sale of residence Check Number 159 07/25/2007 Robin Gasparelli, Tax 1,747.70 Collector, real estate taxes Real estate taxes Check Number 158 07/31/2007 UGI Utilities 5.75 Service to residence 08/01/21007 Bernadette Paul 200.00 Advertising, sale of residence Check Number 160 08/10/2007 PAWC 26.03 Service to residence 08/1 0/2007 PPL 27.30 Service to residence 08/1 0/2007 Verizon 27.74 Service to residence 08/15/2007 Mark S. Ulsh 345.00 Yard work at residence Check Number 161 08/20/2007 Borough of New Cumberland 64.80 Utilities, residence 08/29/2007 Erie Insurance Group, auto 244.00 . . Insurance premIum Check Number 162 08/29/2007 UGI Utilities 14.55 Service to residence (31) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 09/07/2007 Verizon $ 28.28 Service to residence 09/13/2007 PPL 36.24 Service to residence 09/14/2007 PAWC 26.19 Service to residence 09/21/2007 Mark S. Ulsh 200.00 Yard work at residence Check Number 163 10/09/2007 UGI Utilities 19.05 Service to residence 10/11/2007 Verizon 36.99 Service to residence 10/15/2007 Erie Insurance Group, 244.00 homeowners' insurance Fire insurance on residence Check Number 164 10/16/2007 PAWC 26.93 Service to residence 10/17/2007 AT&T, service to residence 31.45 Check Number 165 10/17/20107 PPL 24.09 Service to residence 10/22/2007 Mark S. Ulsh 296.00 Yard work at residence Check Number 166 11/01/2007 UGI Utilities 61.18 Service to residence (32) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 11/15/2007 PPL Service to residence $ 20.83 11/19/2007 Erie Insurance Group, homeo~ers'insurance Homeo~er's insurance Check Number 168 11/19/2007 Mark S. DIsh Yard work at residence Check Number 169 11/20/2007 Bernadette Paul Reimbursement for payment to Zimmerman's Plumbing, furnace repair at residence Check Number 170 244.00 150.00 404.00 11/20/2007 P A WC Service to residence 26.31 11/27/2007 Verizon 7.00 Service to residence Check Number 171 11/28/2007 Diocese of Harrisburg 52.50 Cemetery flowers Check Number 167 12/04/2007 UGI Utilities 106.75 Service to residence 12/05/2007 Borough of New Cumberland 64.80 Utilities, residence Check Number 11306 12/13/2007 PAWC 26.93 Service to residence 12/13/2007 PPL 27.65 Service to residence (33) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 12/2012007 AT&T, service to residence $ 13.73 01/04/2008 UGI Utilities 334.21 Service to residence 01/15/2.008 Mark S. UIsh 155.00 Yard work at residence Check Number 174 01/15/2008 UGI Utilities 162.27 Service to residence 01/24/2008 PAWC 26.68 Service to residence 01/24/2008 PPL 31.14 Service to residence 01/31/2008 Costs of sale of residence: 12,068.26 Com., 10,000; Rlty tr. taxes, 2,000; Warranty, 415; Sewer, refuse, 121.20; Transaction fee, 250; Tax cert., 5; Less: Net cr. for taxes, 722.94 Total Administration Expenses $ 40,496.59 Federal and State Taxes 12/02/2005 Register of Wills, Agent $ 84,000.00 Payment on account ofP A Inheritance Tax Check Number 113 OS/24/2006 Register of Wills, Agent 5,412.84 Balance due, P A Inheritance Tax Check Number 126 (34) Disbursements of Principal (Continued) Date Paid Amount Paid Federal and State Taxes OS/24/2006 United States Treasury $ 190,240.17 Federal Estate Tax Check Number 127 12/26/2007 P A Department of Revenue 142.00 Fiduciary income tax f/p/e 8/31/2007 Check Number 172 Total Federal and State Taxes $ 279,795.01 Fees and Commissions 11/22/2006 Rhoads & Sinon LLP $ 30,000.00 Attorneys' fees Check Number 140 Total Fees and Commissions $ 30,000.00 Total Disbursements of Principal $ 366,711.39 (35) Estate of Clara D Paul Distributions of Principal to Beneficiaries Distribution Value Pursuant to "ITEM III" Under the Will, the following distributions were made to: Bernadette Paul 05/10/2006 Coins and currency, valued per $ appraisal 05/10/2006 Jewelry, watch and locket, valued per appraisal 05/10/2006 Household and personal articles $ Total To Or For Beneficiary Emmanuel M. Paul 05/1012006 Coins and currency, valued per $ appraisal 05/10/2006 Jewelry, watch and locket, valued per appraisal 05/1 0/2006 Household and personal articles $ 54.00 57.00 1,666.00 1,777.00 $ 1,777.00 54.00 56.00 1,667.00 1,777.00 Total To Or For Beneficiary Gregol1' E. Paul 05/10/2006 Coins and currency, valued per appraisal 05/10/2006 Jewelry, watch and locket, valued per appraisal 05/10/2006 Household and personal articles $ $ $ 1,777.00 53.00 57.00 1,667.00 1,777.00 1,777.00 Total To Or For Beneficiary Pursuant to "ITEM V" Under the Will, the following distributions were made to: Bernadette Paul (36) $ Distributions of Principal to Beneficiaries (Continued) Pursuant to "ITEM V" Under the Will, the following distributions were made to: Bernadette Paul 08/14/2006 Cash Total To Or For Beneficiary Emmanuel M. Paul 08/14/2006 Cash Total To Or For Beneficiary Gregory E. Paul 0811l4/2006 Cash Total To Or For Beneficiary Total Distributions of Principal to Beneficiaries Total Distributions of Principal (37) Distribution Value $ $ 250,000.00 250,000.00 $ $ 250,000.00 250,000.00 $ $ 250,000.00 250,000.00 $ 250,000.00 $ 250,000.00 $ $ 250,000.00 755,331.00 $ 755,331.00 Estate of Clara D Paul Principal Balance On Hand Cash and Cash Equivalents PSECU Estate Checking Acct. #8800280235(04) $ PSECU Estate Money Market Account 8800280235(07) Inventory Value 188,073.26 57,193.71 Total Cash and Cash Equivalents Total Balance on Hand (38) $ $ 245.266.97 245.266.97 Estate of Clara D Paul Information Schedules - Principal Inventory Value New Investments Emerald Mut Fds Homest Pa Gr A 12120/2005 95.485 Shs. Purchased via $ 1,313.87 Reinvestment Rs Invt Tr Growth Fd 12/12/2005 279.122 Shs. Purchased via 4,432.46 Reinvestment 12/12/2005 132.72 Shs. Purchased via 2,107.60 Reinvestment Total New Investments $ 7,853.93 Exchanges and Stock Distributions 1988 Buick sedan Valued per sale proceeds 09/01/2005 Received 7,300.00 04/0312006 Sold (7,300.00) Agilent Technologies Inc 09/01/2005 152 Shs. Received 4,886.80 05/03/2006 (152) Shs. Sold (4,886.80) Aim Equity Fds Inc Constellation 09/01/2005 1,402.749 Shs. Received 32,936.55 05/03/2006 (1,402.749) Shs. Sold (32,936.55) Amgen Inc 09/01/2005 2,400 Shs. Received 192,432.00 (39) Information Schedules - Principal (Continued) Inventory Value Exchanges and Stock Distributions Amgelll Inc 05/03/2006 (500) Shs. Sold $ (40,090.00) 1,900 Shs. On Hand $ 152,342.00 05/03/2006 (269) Shs. Sold (21,568.42) 1,631 Shs. On Hand $ 130,773.58 05/03/2006 (400) Shs. Sold (32,072.00) 1,231 Shs. On Hand $ 98,701.58 05/03/2006 (31) Shs. Sold (2,485.58) 1,200 Shs. On Hand $ 96,216.00 05/03/2006 (200) Shs. Sold (16,036.00) 1,000 Shs. On Hand $ 80,180.00 05/03/2006 (100) Shs. Sold (8,018.00) 900 Shs. On Hand $ 72,162.00 05/03/2006 (131) Shs. Sold (10,503.58) 769 Shs. On Hand $ 61,658.42 05/03/2006 (400) Shs. Sold (32,072.00) 369 Shs. On Hand $ 29,586.42 05/03/2006 (100) Shs. Sold (8,018.00) 269 Shs. On Hand $ 21,568.42 05/0312006 (269) Shs. Sold (21,568.42) Auction proceeds, sale of house contents 06/19/2007 Received 1,760.00 06/19/2007 Collected (1,760.00) PSERS, annuity check received after death 09/01/2005 Received 2,117.78 09/3012005 Collected (2,117.78) Walnut Street Securities, income check issued before death 09/01/2005 Received 160.00 (40) Information Schedules - Principal (Continued) Inventory Value Exchanges and Stock Distributions Walnut Street Securities, income check issued before death 10/18/2005 Collected $ (160.00) Cisco Sys Inc 09/01/2005 800 Shs. Received 14,104.00 05/03/2006 (800) Shs. Sold (14,104.00) Coca Cola Co 09/0112005 800 Shs. Received 35,172.00 05/03/2006 (300) Shs. Sold (13,189.50) 500 Shs. On Hand $ 21,982.50 05/03/2006 (500) Shs. Sold (21,982.50) Coins and currency, valued per appraisal 09/0112005 Received 161. 00 05/10/2006 Distribution (54.00) To Bernadette Paul 05/10/2006 Distribution (54.00) To Emmanuel M. Paul 05/10/2006 Distribution (53.00) To Gregory E. Paul Eaton Vance Mut Fds Tr Txmgd Gr 1.1 A 09/0112005 2,019.075 Shs. Received 46,115.67 05/03/2006 (2,019.075) Shs. Sold (46,115.67) Emerald Mut Fds Homest Pa Gr A 09/0112005 3,096.452 Shs. Received 41,306.67 12/20/2005 95.485 Shs. Cap gain reinvestment 1,313.87 3,191.937 Shs. On Hand $ 42,620.54 05/03/2006 (3,191.937) Shs. Sold (42,620.54) (41) Information Schedules - Principal (Continued) Inventory Value Exchanges and Stock Distributions Gateway Inc 09/01/2005 2,000 Shs. Received $ 6,010.00 05/0312006 (2,000) Shs. Sold (6,010.00) General Elec Co 09/01/2005 1,500 Shs. Received 49,897.50 05/03/2006 (1,500) Shs. Sold (49,897.50) Harley Davidson Inc 09/01/2005 1,000 Shs. Received 49,170.00 05/03/2006 (1,000) Shs. Sold (49,170.00) Hewlett Packard Co 09/01/2005 800 Shs. Received 22,108.00 05/03/2006 (800) Shs. Sold (22,108.00) Intel Corp 09/01/2005 3,200 Shs. Received 81,392.00 05/03/2006 (2,000) Shs. Sold (50,870.00) 1,200 Shs. On Hand $ 30,522.00 05/03/2006 (1,200) Shs. Sold (30,522.00) Jewelry, watch and locket, valued per appraisal 09/01/2005 Received 170.00 051:l 0/2006 Distribution (57.00) To Bernadette Paul 0511 0/2006 Distribution (56.00) To Emmanuel M. Paul 05/1012006 Distribution (57.00) To Gregory E. Paul (42) Information Schedules - Principal (Continued) Inventory Value Exchanges and Stock Distributions Johnson & Johnson 09/01/2005 1,000 Shs. Received $ 63,310.00 05/03/2006 (1,000) Shs. Sold (63,310.00) New York Life Insurance Company Group Life Insurance Beneficiary: Estate of Clara D. Paul 09/01/2005 Received 2,521.77 12/14/2005 Collected (2,521.77) Penn Treaty Network America Insurance Company Beneficiary: Estate of Clara D. Paul 09/01/2005 Received 1,951.04 10/18/2005 Collected (1,951.04) Lucent Technologies Ine 09/01/2005 200 Shs. Received 614.00 05/0312006 (200) Shs. Sold (614.00) Medeo Health Solutions Inc 09/0112005 120 Shs. Received 5,901.60 05/0312006 (120) Shs. Sold (5,901.60) Medtronic Inc 09/01/2005 300 Shs. Received 17,124.00 05/03/2006 (300) Shs. Sold (17,124.00) Mellon Finl Corp 09/01/2005 800 Shs. Received 26,084.00 05/03/2006 (400) Shs. Sold (13,042.00) 400 Shs. On Hand $ 13,042.00 05/03/2006 (400) Shs. Sold (13,042.00) (43) Information Schedules - Principal (Continued) Inventory Value Exchanges and Stock Distributions PNC Finl Svcs Group Inc 09/01/2005 1,000 Shs. Received $ 56,500.00 05/03/2006 (700) Shs. Sold (39,550.00) 300 Shs. On Hand $ 16,950.00 05/03/2006 (100) Shs. Sold (5,650.00) 200 Shs. On Hand $ 11,300.00 05/03/2006 (200) Shs. Sold (11,300.00) Putnam. Invt Fds Grwth Opptys A 09/01/2005 2,104.397 Shs. Received 27,441.34 05/03/2006 (2,104.397) Shs. Sold (27,441.34) QTIP Trust B under the Will of Paul E. Paul. Accumulated income to date f death. 09/01/2005 Received 419.40 10/21/2005 Collected (419.40) Refund, accidental death policy premium 09/01/2005 Received 17.24 01/26/2006 Collected (17.24) Refund, auto insurance 04/18/2006 Received 647.00 04/18/2006 Collected (647.00) Refund, Bank of America credit card 09/01/2005 Received 474.26 11/08/2005 Collected (474.26) Refunds, credit card ($19.90) and life insurance premium ($6.82) 09/01112005 Received 26.72 11/15/2005 Collected (26.72) (44) Information Schedules - Principal (Continued) Inventory Value Exchanges and Stock Distributions Refund, Adams Respiratory Therapeutics 09/01/2005 10/18/2005 Received Collected $ 2.00 (2.00) Refund of Federal taxes on final 1 040 09/01/2005 05/10/2006 Received Sold 5,457.00 (5,457.00) Refund, Erie Insurance Companty, homeowner's insurance 12/13/2006 Received 12/13/2006 Collected 661.00 (661.00) Refund, unknown 07/03/2006 07/03/2006 12/19/2006 12/19/2006 Received 9.64 Collected (9.64) Received 10.95 On Hand $ 10.95 Collected (10.95) Residence, 721 Hilltop Drive, Drexel Hills, Borough of New Cumberland, Cumbel'land County, PA, Map Reference 26-24-0809-437, Census Tract 107 09/01/2005 Received Valued per attached appraisal 01/31/2008 Sold 220,000.00 (220,000.00) Rs Invt Tr Growth Fd 09/01/2005 2,421.977 Shs. Received 43,329.17 12/12/2005 279.122 Shs. Cap gain reinvestment 4,432.46 12/12/2005 132.72 Shs. Cap gain reinvestment 2,107.60 2,833.819 Shs. On Hand $ 49,869.23 05/03/2006 (2,833.819) Shs. Sold (49,869.23) (45) Information Schedules - Principal (Continued) Inventory Value Exchanges and Stock Distributions Social Security check for August 09/01/2005 09/02/2005 Received Collected $ 1,586.00 (1,586.00) Sun Microsystems Inc 09/01/2005 2,400 Shs. Received 9,192.00 04/28/2006 (2,000) Shs. Sold (7,660.00) 400 Shs. On Hand $ 1,532.00 04/28/2006 (400) Shs. Sold (1,532.00) Household and personal articles 09/01/2005 Received 5,000.00 Valued per estimate of Executrix 05/10/2006 Distribution (1,666.00) To Bernadette Paul 05/10/2006 Distribution (1,667.00) To Emmanuel M. Paul 05/10/2006 Distribution (1,667.00) To Gregory E. Paul American Express travelers cheques titled to Paul E. Paul 08/30/2006 Received 08/30/2006 Sold 500.00 (500.00) (46) Estate of Clara D Paul Receipts of Income Income Collected Citizens Bank Certificate of Deposit #61.41-044449 10/27/2005 Interest $ 555.50 Less accrued portion (62.65) $ 492.85 Co<:a Cola Co 10/03/2005 Dividend on 800 Shares $ 224.00 12/15/2005 Dividend on 800 Shares 224.00 04/03/2006 Dividend on 800 Shares 248.00 696.00 Commerce Bank Checking Acct. #50ll3204958 10/27/2005 Interest $ 1.82 Less accrued portion (0.61) 1.21 Commerce Bank Savings Acct. #0616159474 10/27/2005 Interest $ 49.08 Less accrued portion (0.89) 48.19 Cortland General Money Market Fund, Walnut Street Securities Acct. #5W8-200987 09/15/2005 Dividend $ 145.79 Less accrued portion (79.07) 10103/2005 Dividend 83.97 10/11/2005 Dividend 0.02 150.71 (47) Receipts of Income (Continued) Diocese of Harrisburg Savings Acct #01-36097 10/21/2005 Interest Less accrued portion $ 160.89 (112.20) Eaton Vance Mot Fds Tr Txmgd Gr 1.1 A 12/22/2005 Dividend on 2,019.075 Shares $ 421.78 PSECU Estate Checking Acct. #8800280235(04) 10/31/2005 Interest, checking $ 2.26 11/30/2005 Interest, checking 7.32 12/31/2005 Interest, checking 4.89 01/31/2006 Interest, checking 4.16 02/28/2006 Interest, checking 1.99 03/31/2006 Interest, checking 1.53 04/30/2006 Interest, checking 2.53 05/31/2006 Interest, checking 6.38 06/30/2006 Interest, checking 4.44 07/31/2006 Interest, checking 4.31 08/31/2006 Interest, checking 15.73 09/30/2006 Interest, checking 3.43 10/31/2006 Interest, checking 3.49 11/27/2006 Interest, checking 3.91 12/31/2006 Interest, checking 1.77 01/31/2007 Dividend 1.52 02/28/2007 Dividend 1.29 (48) $ 48.69 421.78 Receipts of Income (Continued) PSECU Estate Checking Acct. #8800280235(04) 03/31/2007 Dividend $ 1.15 04/30/2007 Dividend 0.97 05/31/2007 Dividend 0.85 06/30/2007 Dividend 0.80 07/31/2007 futerest 0.85 08/31/2007 futerest 0.64 09/30/2007 futerest 0.52 10/31/2007 futerest 0.44 11/30/2007 futerest 0.36 12/31/2007 futerest 0.33 01/31/2008 futerest 0.26 $ 78.12 PSECU Estate Money Market Account 8800280235(07) 11/30/2005 Dividend $ 363.17 12/31/2005 Dividend 288.45 01/31/2006 Dividend 289.06 02/28/2006 Dividend 281.24 03/31/2006 Dividend 348.33 04/30/2006 Dividend 368.23 05/31/2006 Dividend 1,482.47 06/30/2006 Dividend 2,203.61 07/31/2006 Dividend 3,255.31 08/31/2006 Dividend 1,679.87 109/3012006 Dividend 412.67 (49) Receipts of Income (Continued) PSECU Estate Money Market Account 8800280235(07) 10/31/2006 Dividend $ 429.81 11/30/2006 Dividend 367.36 12/31/2006 Dividend 330.77 01/31/2007 Dividend 328.28 02/28/2007 Dividend 293.48 03/31/2007 Dividend 326.17 04/30/2007 Dividend 311. 79 05/31/2007 Dividend 309.85 06/30/2007 Dividend 299.80 07/31/2007 Dividend 309.73 08/31/2007 Dividend 306.99 09/30/2007 Dividend 296.10 10/30/2007 Dividend 301.79 11/30/2007 Dividend 286.32 12/31/2007 Dividend 278.45 01/31/2008 Dividend 267.77 $ 16,016.87 PSECU, Estate Savings Acet. #8800280235(01 ) 10/31/2005 Interest, regular share $ 18.41 11/30/2005 Dividend 18.00 12/31/2005 Special dividend 20.46 12/31/2005 Dividend 1.55 01/31/2006 Dividend 2.98 02/28/2006 Dividend 1.13 (50) Receipts of Income (Continued) PSECU, Estate Savings Acct. #8800280235(01 ) 03/31/2006 Dividend $ 0.85 04/30/2006 Dividend 0.83 05/31/2006 Dividend 0.86 06/30/2006 Dividend 0.83 07/31/2006 Dividend 1.06 08/31/2006 Dividend 1.06 09/30/2006 Dividend 1.03 10/31/2006 Dividend 1.07 11/30/2006 Dividend 1.03 12/15/2006 Special dividend 559.13 12/31/2006 Dividend 1.39 01/31/2007 Dividend 1.66 02/28/2007 Dividend 1.50 03/30/2007 Dividend 1.66 04/30/2007 Dividend 1.61 05/31/2007 Dividend 1.67 06/30/2007 Dividend 1.61 07/31/2007 Dividend 1.67 08/31/2007 Dividend 1.67 09/30/2007 Dividend 1.62 10/30/2007 Dividend 1.67 11/30/2007 Dividend 1.62 12/31/2007 Dividend 1.33 01/31/2008 Dividend 1.26 $ 652.22 (51) Receipts of Income (Continued) General Elec Co 10/25/2005 Dividend on 1,500 Shares $ 330.00 01/25/2006 Dividend on 1,500 Shares 375.00 04/25/2006 Dividend on 1,500 Shares 375.00 $ 1,080.00 Harley Davidson Ine 10/11/2005 Dividend on 1,000 Shares $ 160.00 12/28/2005 Dividend on 1,000 Shares 180.00 03/24/2006 Dividend on 1,000 Shares 180.00 520.00 Hewlett Packard Co 10/05/2005 Dividend on 800 Shares $ 64.00 01/04/2006 Dividend on 800 Shares 64.00 04/05/2006 Dividend on 800 Shares 64.00 192.00 Intel Corp 09/13/2005 Dividend on 3,200 Shares $ 256.00 12/01/2005 Dividend on 3,200 Shares 256.00 03/0112006 Dividend on 3,200 Shares 320.00 832.00 Johnson & Johnson 09/01/2005 Dividend on 0 Shares $ 330.00 Less accrued portion (330.00) 12/13/2005 Dividend on 1,000 Shares 330.00 103/14/2006 Dividend on 1,000 Shares 330.00 (52) Receipts of Income (Continued) Johnson & Johnson 660.00 M&T Bank Checking Acct. #67561934 10/27/2005 Interest $ 1.81 Less accrued portion (0.49) 1.32 Medtronic Inc 10/28/2005 Dividend on 300 Shares $ 28.88 01/27/2006 Dividend on 300 Shares 28.88 04/28/2006 Dividend on 300 Shares 28.88 86.64 MeHon Fin} Corp 11/15/2005 Dividend on 800 Shares $ 160.00 02/15/2006 Dividend on 800 Shares 160.00 05/15/2006 Dividend on 800 Shares 176.00 496.00 MetLife Bank Money Market 10/31/2005 Dividend $ 150.60 11/30/2005 Dividend 172.69 12/30/2005 Dividend 191.76 01/31/2006 Dividend 203.36 02/28/2006 Dividend 195.13 03/31/2006 Dividend 226.40 04/28/2006 Dividend 237.54 05/10/2006 Dividend 629.61 2,007.09 PNC Fin} Svcs Group Inc (53) Receipts of Income (Continued) PNC Finl Svcs Group Inc 10/24/2005 Dividend on 1,000 Shares $ 500.00 01/24/2006 Dividend on 1,000 Shares 500.00 04/24/2006 Dividend on 1,000 Shares 550.00 $ 1,550.00 PS.ECU Checking Acct. #8006829520(S4) 09/30/2005 Interest $ 3.48 Less accrued portion (0.12) 10/31/2005 Interest 2.20 11/30/2005 Interest 0.02 12/31/2005 Interest 0.02 01/31/2006 Interest 0.02 5.62 PSI~CU Savings Acct. #8006829520(Sl) 09/30/2005 Interest $ 0.61 Less accrued portion (0.02) 10/31/2005 Interest 0.35 0.94 Putnam Invt Fds Grwth Opptys A 12/09/2005 Dividend on 2,104.397 Shares $ 246.21 246.21 Sov.~reign Bank Checking Acct. #0771033354 10/27/2005 Interest $ 0.07 Less accrued portion (0.01) 0.06 (54) Receipts of Income (Continued) Sovereign Bank Checking Acct. #1201756332 09/16/2005 Interest Less accrued portion 10/17/2005 Interest Total Income Collected Total Income Received (55) $ 49.43 (23.79) 57.11 $ 82.75 $ $ 26,367.27 26,367.27 Estate of Clara D Paul Gains and Losses on Sales or Other Dispositions of Income Net Gain Net Loss 10/27/2005 Collection Sovereign Bank Checking Acct. #0771033354 Net Proceeds $ 0.06 Inventory Value 0.06 10/27/2005 Collection Sovereign Bank Checking Acct. #1201756332 Net Proceeds $ 82.75 Inventory Value 82.75 05/03/2006 Sale 17.91 Shares Eaton Vance Mut Fds Tr Txmgd Gr 1.1 A Net Proceeds $ 440.50 Inventory Value 421.78 $ 18.72 05/03/2006 Sale 18.238 Shares Putnam Invt Fds Grwth Opptys A Net Proceeds $ 254.29 Inventory Value 246.21 8.08 Total Gains and Losses $ 26.80 $ 0.00 Net Gain $ 26.80 (56) Date Paid Estate of Clara D Paul Disbursements of Income Total Disbursements of Income (57) Amount Paid $ 0.00 Total Distributions of Income Estate of Clara D Paul Distributions of Income to Beneficiaries Distribution Value $ 0.00 $ 0.00 (58) Estate of Clara D Paul Income Balance On Hand Cash and Cash Equivalents PSECU Estate Checking Acct. #8800280235(04) $ PSECU Estate Money Market Account 8800280235(07) PSECU, Estate Savings Acet. #8800280235(01) Inventory Value 904.14 24,293.69 1,196.24 Total Cash and Cash Equivalents Total Balance on Hand (59) $ $ 26.394.07 26.394.07 New Investments Eaton Vance Mut Fds Tr Txmgd Gr 1.1 A 12/22/2005 Putnam Invt Fds Grwth Opptys A 12/09/2005 Total New Investments Estate of Clara D Paul Information Schedules - Income 17.91 Shs. 18.238 Shs. Exchanges and Stock Distributions Eaton Vance Mut Fds Tr Txmgd Gr 1.1 A 12/22/2005 05/03/2006 17.91 Shs. (17.91) Shs. Putnam Invt Fds Grwtb: Opptys A 12/09/2005 05/0312006 18.238 Shs. (18.238) Shs. Inventory Value Purchased via Reinvestment $ 421.78 Purchased via Reinvestment 246.21 $ 667.99 Income Reinvestment 421.78 (421.78) Sold Income Reinvestment 246.21 (246.21) Sold (60) VERIFICATION FOR ACCOUNTING BERNADETTE PAUL, Executrix of the Will of CLARA D. PAUL, Deceased, hereby declares under oath 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; 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 filing of the foregoing First and Final Account. This statement is made subject to penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. ,/-- ~ ~ernadette Paul Dated: /--fIt / 0 J>' I