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Home My WebLink About06-17-08ESTATE OF DALE A BRITTEN CUMBERLAND COUNTY FILE NO 2106 0145 RECEIPTAND RELEASE AGREEMENT AND REQUEST FOR DISCHARGE AS EXECUTIRIX ~~ c~ .- -. <. ~ c~ ~=- •: ~ c_,. KNOW ALL MEN BY THESE PRESENTS THAT I, Judy Britten, ~l,`#ee o =__- ~~n ..._. ~~i fifty percent share of the total estate under the last Will and Testament of Dale ~~ritten, :1 '~ _~,;_. late of Cumberland County Pennsylvania, deceased,) do hereby acknowledg~~ceipt -'~' rv from the Estate of Dale A Britten, my share of the estate, as set forth in the Statement of Account attached, in full satisfaction and payment of my legacies under the terms of the last Will and Testament OF Dale A. Britten. AND, THEREFORE, I Judy Britten, release, quitclaim and forever discharge any further claim on the estate of Dale A. Britten. AND, THEREFORE, desiring to avoid the delay and expense of the settlement of the Estate by filing an Account of Administration in the Office of the Clerk of the Orphans Court of Cumberland County, and having been disbursed all that is due to me from the Estate of Dale A. Britten, I agree that the attached statement concerning the matter of settlement may be recorded with the same effect upon me as if it had been reported upon by the Court, and a decree of distribution made on such report by the Cumberland County Court of Common Pleas, Orphans Court division. THEREFORE, in consideration of the aforesaid settlement being made without the aid of the Cumberland County Court of Common Pleas, Orphans Court division, I, Judy Britten agree with the terms herein and state that I, as Executrix of the Estate of Dale A. Britten have discharged all of my duties, paid all debts and ask that the Orphans :; ~~ Court of Cumberland County discharge me from my duties as Executrix and close this estate. <_1 ~._ ~' ~ ~,,L~ DY BRITTEN as Beneficiary and Executrix of the Estate of Dale A. Britten Commonwealth of Pennsylvania County of Cumberland SS. On this, the /:~- day of Ju-n~ ~ , 2008, before me, the undersigned officer, personally appeared JUDY BRITTEN 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 in the capacities and for the purposes therein contained. IN WITNESS WHEREOF, I hereunder set my hand and official seal. ' c'LC '"` Notary Public C/\Jti~ Coaamoanreal0i of Nodal Seat Deborah A. RailiaB Carlisle Borough, Camborlan~d Gountl, My Commission Expires February 4, 2010 Estate of DALE A. BRITTEN, Deceased Date of Decedent's Death: February 5, 2006 FINAL ACCOUNT SUMMARY REMAINING PRINCIPAL ASSETS Estate Checking Account as of 10!4/2007 $ 80,286.28 E-Trade Account as of 10/2/2007 16,473.95 Coin Collection 3,635.00 Cambria County, Pa. Real Estate 1,340.14 Members 1st Federal Credit Union Account (Principal and accrued Interest) 22,658.70 Sub-Total - $ 124,394.07 Additional Income Earned and Deposited to Estate Checking Account after 10/4/2007 521.66 Pa. Inheritance Tax refund 1,415.76 Decedent's 2006 Income Tax refund 373.00 Total - $ 126,704.49 DEBITS FROM REMAINING ASSETS Total Executrix Commission due Judy S. Britten $ 23,000.00 Final balance of Attorney Fees due Gan Law Group 14,000.00 Smith Elliott Kearns, accountants -prepare Decedent's 2006 Income Tax returns 795.00 Cambria County School Tax for Lot 23.31 Pa. (Dept. of Revenue - 2006 Pa. Fiduciary Income Tax 47.00 Register of Wills, Agent -Additional Pa. Inheritance Tax on Supplemental return 1,260.00 Register of Wills -Filing fee for Pa. Supplemental Inheritance Tax return 15.00 Bank Service Fee on Estate Checking Account for April 2008 10.00 Smith Elliott Kearns, accountants -prepare all Fiduciary income Tax returns 385.00 Total - $ 39,535.31 BALANCE ON HAND FOR DISTRIBUTION 5 87,169.18 SUMMARY OF DISTRIBUTIONS TO RESIDUARY BENEFICIARIES; (50% to each beneficiary =543,584.59) To Judy Britten: Coin Collection, in kind $ 3,635.00 Cambria County, Pa. Real Estate, in kind 1,340.14 Cash (October 2007) 35,151.74 50°l0 of Pa. Inheritance Tax refund (January 2008) 707.88 50% of Decedents 2006 Income Tax refund (March 2008) 186.50 50% of Reserve previously withheld from Principal Assets (April 2008) 2,563.33 $ 43,584.59 To Ronald Britten: Cash (2 Checks for $38,43929 and $1,687.59 in October 2007)) $ 40,126.88 50% of Pa. Inheritance Tax refund (January 2008) 707.88 50% of Decedent's 2006 Income Tax refund (March 2008) 186.50 50% of Reserve previously withheld from Principal Assets (April 2008) 2,563.33 $ 43,584.59 C:\Files\Write\ESTATES - TRUSTS\BRIITEN, DALE\FORM of RELEASE.wpd !`~? ~"°~ ESTATE OF DALE A. BRITTEN ~ o c~ CUMBERLAND COUNTY FILE N0.21-06-0145 =-T ~ ..._ - -- RECEIPT RELEASE AND REFUNDING AGREEMENT : -~f. --1 KNO W ALL MEN BY THESE PRESENTS that I, RONALD H. BRITTEN, ~~~tee of aiifty (50%) percent share of the total estate under the Last Will and Testament of Dale ~Britten,l~ of Cumberland County, Pennsylvania, deceased, do hereby acknowledge receipt from Judy S. Br#ten, Executrix, of my share of the estate, as set forth in the Statement of Account attached, in full satisfaction and payment of my legacies under the terms of said Last Will and Testament, with the exception of my share of any tax refunds, which I acknowledge will be distributed to me upon receipt, as well as any unused Reserve. AND, THEREFORE, I, the said Ronald H. Britten, do by these presents remise, release, quit- claim, and forever discharge the Executrix aforesaid, her heirs, executors and administrators, ofand from the aforesaid legacy, and of and from all actions, suits, payments, accounts, reckonings, claims and demands whatever, from the beginning of the world to the day of the date of these presents. AND, THEREFORE, desiring to avoid the delay and expense of the settlement of said Estate by filing an Account of said administration in the Office of the Clerk of the Orphans' Court of said County, and by having the balance in the hands of the Executrix as shown by said Account distributed by the Court of Common Pleas of Cumberland County, Orphans' Court Division, I do hereby agree that the foregoing statement concerning the matter of settlement may be recorded with the same effect upon me as if the same had been reported upon by said Court, and a decree of distribution made on such report by the said Court of Common Pleas, Orphans' Court Division. AND, THEREFORE, in consideration of the aforesaid settlement being made without the aid of such Court of Common Pleas -Orphans' Court Division, I, the said Ronald H. Britten, do hereby agree that if any debts or demands other than those included in the Statement of Account of the said Executors of the Estate of Dale A. Britten, Deceased, as hereinbefore set forth, shall be hereafter recovered against the Estate of said decedent and be legally payable out of the same, to the extent of said distribution, I will return to the said Executrix such amount thereof as may be necessary to pay such debts or demands. AND I hereby consent and agree that the Orphans' Court of Cumberland County may discharge the said Executrix upon application, without further notice to me. IN WITNESS WHEREOF, I have hereunto set my hand and seal this a~~ day of P1:~ve».4ew ~.G~~7 Witness: ,~. ~.~. Ronald H. Britten ~.. . ~~ ....z.~..u~.._~~. JACCIUELINE C. !::~~~', STATE OF MARYLAND Notary Public ) Howard Co., MC SS. My comm. Exps. Dec. t, 20Ci C'OtJNTY OF ~~~~ll-~~- ) On this, the a. `day of ~~~~~,~ , ~J'~, before me, a Notary Public, personally appeared Ronald H. Britten, known to me to be the person whose name is subscribed to the within instrument and acknowledged that he executed same for the purposes therein contained. IN WITNESS WHEREOF, I have hereunto set my hand /icial seal. r No 'c ~C:\FBes\Write\ESTATES - TRUSTS\BRI7TEN, DALE\FORM of RELEASE.wpd Estate of DALE A. BRITTEN, Deceased Date of Decedent's Death: February 5, 2006 FINAL ACCOUNT SUMMARY REMAINING PRINCIPAL ASSETS Estate Checking Account as of 10/412007 E-Trade Account as of 10/2/2007 Coin Collection Cambria County, Pa. Real Estate Members 1st Federal Credit Union Account (Principal and accrued Interest) Sub-Total - Additional Income Eamed and Deposited to Estate Checking Account after 10/4/2007 Pa. Inheritance Tax refund Decedent's 2006 Income Tax refund Total - DEBITS FROM REMAINING ASSETS Total Executrix Commission due Judy S. Britten Final balance of Attorney Fees due Gan Law Group Smith Elliott Kearns, accountants -prepare Decedent's 2006 Income Tax returns Cambria Gounty School Tax for Lot Pa. Dept. of Revenue - 2006 Pa. Fiduciary Income Tax Register of Wills, Agent -Additional Pa. Inheritance Tax on Supplemental return Register of Wills -Filing fee for Pa. Supplemental Inheritance Tax return Bank Service Fee on Estate Checking Account for April 2008 Smith Elliott Keams, accountants -prepare all Fiduciary Income Tax returns Total - BALANCE ON HAND FOR DISTRIBUTION SUMMARY OF DISTRIBUTIONS TO RESIDUARY BENEFICIARIES: (50°I° to each beneficiary =$43,584.59} To Judy Britten Coin Collection, in kind Cambria County, Pa. Real Estate, in kind Cash (October 2007) 50°!0 of Pa. Inheritance Tax refund (January 2008) 50% of Decedent's 2006 Income Tax refund (March 2008) 50°!0 of Reserve previously withheld from Principal Assets (April 2008) To Ronald Britten: $ 60,286.28 16,473.95 3,635.00 1,340.14 22,658.70 521,66 1,415.76 373.00 23,000.00 14,000.00 795.00 23.31 47.00 1,260.00 15.00 10.00 385.00 $ 124,394.07 $ 126,704.49 $ 39,535.31 $ 87,169.18 $ 3,635.00 1,340.14 35,151.74 707.88 186.50 2,563.33 $ 43,584.59 Cash (2 Checks for $38,439.29 and $1,687.59 in October 2007)) $ 40,126.88 50°!0 of Pa. Inheritance Tax refund (January 2008) 707.88 50% of Decedent's 2006 Income lax refund (March 2008) 186.50 50% of Reserve previously withheld from Principal Assets (April 2008) 2,563.33 $ 43,584.59