HomeMy WebLinkAbout06-20-08THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA
ORPHANS COURT DIVISION
IN RE: SHANNON RAE THOMAS, ~..~ ~~
a minor C~.~
NO. (~~-.SCp'7 ~~ ~-
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ORDER FOR APPOINTMENT OF CO-GUARDIANS -~~
FOR THE ESTATE OF A MINOR UNDER AGE FOURTEEt~,j`' =- "`~
AND NOW, this ~~day of ~~ , 2008, upon consideration of the within
Petition duly presented to this Court and the Minor, IT IS HEREBY ORDERED AND
DECREED that Pamela R. Thomas and Barbara J. White, are appointed Co-Guardians
of the Property and Estate of Shannon Rae Thomas, a minor. In lieu of the entry of
security, the Co-Guardians are authorized and ordered and directed to invest the funds
belonging to the above named minor as follows:
1. The benefits payable to Shannon Rae Thomas from the Prudential Life Policy No.
76536 in the principal amount of $43,368.00 for the basic policy and $90,000.00 for
the supplemental policy, together with any and all interest earned thereon to the
date of receipt, shall be deposited with a federally insured bank in a savings
account, certificate of deposit or other interest bearing account, or any combination
thereof, in the name of the Guardians of the Estate of Shannon Rae Thomas, ("the
Accounts"), to be marked as hereinafter directed.
2. The Accounts to be established pursuant to Paragraph 1 shall be marked: "Not to
be withdrawn, assigned, negotiated or otherwise alienated before May 11, 2015, the
date of the Minor's 18t" birthday, except for payment of state and federal income
taxes on the interest earned by the Minor's estate or upon Order of Court."
3. Evidence of the establishment of the Accounts, marked as directed, shall be
produced to the Court for inspection and approval immediately upon receipt by the
Guardians.
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4. The Guardians are further authorized and directed to deposit the interest received
from the investment under Paragraph 1 into the Accounts.
5. The foregoing notwithstanding, the Guardians are authorized to withdrawn from the
Accounts:
A. An amount not to exceed $1,000.00 to pay for the attorneys fees incurred by
the Guardians in securing the payment of the Minor's insurance death
benefits and in preparing and filing of this Petition;
B. An annual amount equal to the taxes arising out of the holding of the
Accounts and the interest or income derived from the investment thereof and
the cost of preparing any tax returns required thereby.
Except as aforesaid, no other withdrawals may be made from the accounts except
upon further order of Court.
6. The financial institution, bank or savings institution with whom the Accounts are held
may pay over the investments as provided in Paragraph 1 to the Minor when the
Minor attains her majority on May 11, 2015, upon the order of the Guardians and the
late Minor, without further Order of Court.
7. The Guardians are directed to file an inventory within ninety (90) days of the date
of this Decree in accordance with the provisions of 20 PA.C.S. 5142.
BY THE COURT:
J.
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ORPHANS' COURT DIVISION
COURT OF COMMON PLEAS OF
In Re: Estate of SHANNON RAE THOMAS CUMBERLAND COUNTY
PENNSYLVANIA
NO. 08-0567
CERTIFICATE OF SERVICE OF ORDER
ORDER DATE: 06/20108
JUDGE'S INITIALS: KAH
TIME STAMP DATE: 06/20/08
IN RE: ORDER FOR APPOINTMENT OF CO-GUARDIANS
SERVICE TO: DIANE RADCLIFF ESQ
METHOD OF MAILING:
^ USPS
^ RRR
® HAND DELIVERED
^ OTHER
MAILED: 06(20/08
ENVELOPES PROVIDED BY:
^ PETITIONER
^ JUDGE
^ CLERK OF ORPHANS COURT
SERVICE TO:
METHOD OF MAILING:
^ USPS
^ RRR
^ HAND DELIVERED
^ OTHER
MAILED:
ENVELOPES PROVIDED BY:
^ PETITIONER
^ JUDGE
^ CLERK OF ORPHANS COURT
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Margie Wevo u
1 S` Deputy
Clerk of Orphans' Court