HomeMy WebLinkAbout10-24-03COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA
ORPHANS' COURT DIVISION
JANE W. BRENNER TRUST UWO "B"
FIRST AND FINAL ACCOUNT OF
Manufacturers and Traders Trust Co. and Joseph D. Brenner, Co-Trustees
Date of Trust: July 26, 1991
Accounting for the Period: August 10, 1998 to
September 25, 2003
Purpose of Account: Manufacturers and Traders Trust Co. and Joseph D. Brenner,
Co-Trustees, offer this account to acquaint interested parties with the
transactions that have occurred during this administration.
It is important that the account be carefully examined.
GROSS ESTATE
(Principal Receipts + Income Receipts
472,672.05
SUM~RY OF ACCOUNT
Trust uwo "B" Jane W. Brenner
For Period of 08/10/1998 through 09/25/2003
Proposed Distributions
to Beneficiaries
PRINCIPAL
Receipts:
Per Inventory Filed 1
Subseq Prn Receipts
Net Gain (or Loss) on Sales
or Other Disposition
Page
Less Disbursements:
General Disbursements 3
Fees and Commissions 3
Balance before Distributions
Distributions to Beneficiaries
Principal Balance on Hand
4
For Information:
Investments Made 5
Changes in Investment Holdings 6
INCOME
Current
Value
0.00
Fiduciary
Acquisition
Value
0.00
442,074.38
9,175.06
(302,170.77)
149,078.67
11,356.66
6,078.82 17,435.48
131,643.19
0.00
131,643.19
Receipts: This Account
Net Gain (or Loss) on Sales
or Other Disposition
Less Disbursements
Balance Before Distribution
Distributions to Beneficiaries
Income Balance on Hand
For Information:
Investments Made
Changes in Investment Holdings
COMBINED BALANCE ON HAND
7-11
12
13-14
15
21,422.61
0.00
21,422.61
4,079.59
17,343.02
17,240.99
102.03
131,745.22
SCHEDULE A
RECEIPTS OF PRINCIPAL
STOCKS/LI STED:
08/10/98 9,246.0000 shares AMP Inc
442,074.38
Fiduciary
Acquisition
Value
442,074.38
12/13/99
SUBSEQUENT PRINCIPAL RECEIPTS:
Jane W. Brenner Estate Final
distribution
9,175.06
TOTAL RECEIPTS OF PRINCIPAL ...............
9,175.06
451,249.44
-1-
SCHEDULE B
GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS - PRINCIPAL
04/21/99
08/08/00
06/17/02
06/17/02
Tyco Int'l Ltd New - Cash in
lieu of fractional shares
Net Proceeds 74.67
Fid. Acq. Value 61.91
280.0000 shares Tyco Int'l Ltd New
Net Proceeds 14,934.00
Fid. Acq. Value 8,916.68
4,533.0000 shares Tyco Int'l Ltd New
Net Proceeds 46,105.10
Fid. Acq. Value 144,354.65
9,067.0000 shares Tyco Int'l Ltd New
Net Proceeds 78,789.84
Fid. Acq. Value 288,741.14
TOTAL GAINS AND LOSSES/PRINCIPAL ...........
LESS LOSS .............................
NET GAIN OR LOSS ...........................
Gain Loss
12.76
6,017.32
98,249.55
209,951.30
6,030.08 308,200.85
308,200.85
(302,170.77)
-2-
SCHEDULE C
DISBURSEMENTS OF PRINCIPAL
O8/lO/OO
12/29/00
04/04/01
04/11/01
SCHEDULE C-1
GENERAL DISBURSEMENTS
Transfer Cash - From
principal to income
Pennsylvania Department of
Revenue - Quarterly
estimated income tax
Internal Revenue Service -
Fiduciary income tax
Pennsylvania Department of
Revenue - Fiduciary income
tax
10,499.66
56.00
651.00
150.00
TOTAL GENERAL DISBURSEMENTS .........................
11,356.66
08/15/03
SCHEDULE C-2
FEES AND COMMISSIONS
Market Value Fee
Manufacturers & Traders Trust
Co. - 11/14/00-8/15/03
6,078.82
TOTAL FEES AND CO~94ISSIONS ..........................
TOTAL DISBURSEMENTS OF PRINCIPAL ....................
6,078.82
17,435.48
-3-
PRINCIPAL BALANCE ON HAND
# Units Description
Federated Treasury Obligtions
781.7138 MTB PA Municipal Bond Fund
Current Value Fiduciary
Acquisition
or as Noted Value
123,643.19 123,643.19
8,161.09 8,000.00
131,804.28 131,643.19
-4-
SCHEDULE E
INVESTMENTS MADE - PRINCIPAL
11/06/01
# Units
772.2010 units Vision PA Municipal
Income Fund - units purchased
Cost
8,000.00
-5-
SCHEDULE F
CHANGES IN INVESTMENT HOLDINGS ~ PRINCIPAL
AMP Inc
08/10/98
04/06/99
9,246.0000 shares inventoried
(9,246.0000)shares Stock merger with Tyco
Int'l Ltd New
0.0000
Cost
442,074.38
(442,074.38)
0.00
MTB PA Municipal Bond Fund
08/15/03 781.7138 units
Muni.
781.7138
Merger with Vision PA
Income Fund
8,000.00
8,000.00
Tyco Int'l Ltd New
04/06/99
04/21/99
10/27/99
O8/08/O0
06/17/02
06/17/02
6,940.0000 shares Stock merger with AMP,
Inc.
sold
6,940.0000 shares received in stock split
(280.0000)shares sold
(4,533.0000)shares sold
(9,067.0000)shares sold
0.0000
442,074.38
(61.91)
0.00
(8,916.68)
(144,354.65)
(288,741.14)
0.00
Vision PA Municipal Income Fund
11/06/01 772.2010 units purchased
08/15/03 (772.2010)units Merger with MTB PA
Muni. Bond Fund
0.0000
8,000.00
(8,000.00)
0.00
-6-
SCHEDULE G
RECEIPTS OF INCOME
AMP Inc
12/01/98
03/01/99
9,246.0000 shares
9,246.0000 shares
Tyco Int'l Ltd New
08/02/99
11/01/99
02/01/00
05/01/00
08/01/00
11/Ol/OO
02/02/01
05/02/01
o8/ol/Ol
11/Ol/Ol
02/01/02
05/01/02
6 940.0000
6 940.0000
13 880.0000
13 880.0000
13~880.0000
13600.0000
13 600.0000
13600.0000
13,600.0000
13 600.0000
13 600.0000
13 600.0000
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
shares
TOTAL DIVIDEND
SCHEDULE G-1
DIVIDENDS
2,496.42
2,496.42
4,992.84
173.50
173.50
173.50
173.50
173.50
170.00
170.00
170.00
170.00
170.00
170.00
170.00
INCOME .....................
2,057.50
7,050.34
Federated U.S. Treas. Ob.
06/01/99
06/01/99
07/01/99
07/01/99
o4/o3/oo
01/02/03
01/02/03
02/03/03
02/03/03
SCHEDULE G-2
INTEREST
0.29
14.80
13.30
0.28
12.95
0.30
129.65
126.46
0.30
-7-
03/03/03
03/03/03
04/01/03
04/01/03
05/01/03
05/01/03
06/02/03
06/02/03
07/01/03
07/01/03
o8/ol/o3
o8/ol/o3
09/02/03
09/02/03
Federated Treasury Obligations
03/01/99
04/01/99
05/03/99
05/03/99
08/02/99
08/02/99
09/01/99
09/01/99
10/01/99
10/01/99
11/01/99
11/01/99
12/01/99
12/01/99
Ol/O3/OO
Ol/O3/OO
02/01/00
o2/ol/oo
o3/ol/oo
03/01/00
04/03/00
o5/ol/oo
o5/ol/oo
06/01/00
06/01/00
07/03/00
07/03/00
o8/ol/oo
o8/ol/oo
o9/ol/oo
o9/ol/oo
0.43
115.86
0.04
121.76
114.72
0.29
0.31
116.03
0.01
105.95
0.30
93.86
0.31
91.29
1.15
15.49
0.08
15.29
0.30
14.22
14.17
0.31
0.31
13.30
13.77
0.31
0.32
13.41
23.06
12.90
40.44
13.12
39.84
12.76
43.55
43.47
13.06
45.97
14.95
15.66
47.13
49.08
16.61
73.05
15.03
1,059.49
-8-
10/02/00
10/02/00
11/Ol/OO
11/Ol/OO
12/01/00
12/Ol/OO
01/02/01
01/02/01
02/01/01
02/01/01
o3/ol/Ol
o3/ol/Ol
o4/o3/ol
o4/o3/ol
o5/ol/Ol
o5/ol/Ol
06/01/01
06/01/01
07/02/01
07/02/01
o8/ol/Ol
08/01/01
o9/o4/ol
09/04/01
10/02/01
10/02/01
11/Ol/Ol
12/03/01
12/03/01
01/02/02
01/02/02
02/01/02
03/01/02
03/01/02
04/01/02
05/01/02
06/03/02
06/03/02
07/01/02
07/01/02
o8/ol/o2
08/01/02
09/03/02
09/03/02
10/01/02
10/01/02
11/01/02
11/01/02
12/02/02
70.90
1.99
0.83
73.12
70.09
2.07
0.56
70.44
65.48
0.69
1.46
53.42
55.81
0.29
0.40
46.10
39.05
1.06
35.45
0.22
34.88
0.23
0.82
33.06
27.17
0.18
22.35
6.96
0.36
3.65
0.02
3.46
2.84
0.28
2.70
2.67
0.31
2.28
0.02
88.62
0.31
186.16
0.62
181.51
0.32
167.04
171.92
0.61
0.65
-9-
12/02/02
KeyPremier Prime Money Market
01/04/99
01/04/99
MTB PA Municipal Bond Fund
09/04/03
134.62
6.57
7.71
2,288.16
14.28
10.43
Provident Temp Fund
02/01/99
03/01/99
Vision PA Municipal Income Fund
12/04/01
01/02/02
02/04/02
03/01/02
04/01/02
o5/ol/o2
06/03/02
07/01/02
08/01/02
09/03/02
lO/Ol/O2
11/01/02
12/02/02
01/02/03
02/03/03
03/03/03
04/01/03
o5/ol/o3
06/02/03
07/02/03
o8/ol/o3
o8/15/o3
1.34
5.40
6.74
22.89
27.18
25.04
25.13
24.19
24.23
22.65
22.60
22.46
22.48
22.43
22.40
22.10
21.69
21.79
22.80
22.25
22.48
21.98
21.99
21.23
11.52
TOTAL INTEREST INCOME .....................
493.51
3,872.61
-10-
Transfer Cash
O8/lO/oo
SCMEDULE G-3
OTHER INCOME
From principal to income
10,499.66
TOTAL OTHER INCOME ........................
TOTAL RECEIPTS OF INCOME ..................
10,499.66
21,422.61
03/23/99
03/13/00
08/14/02
SCHEDULE l
DISBURSEMENTS OF INCOME
Pennsylvania Department of
Revenue Fiduciary income
tax
Pennsylvania Department of
Revenue . Fiduciary income
tax
Market Value Fee
Manufacturers & Traders Trust
Co. 11/13/98-8/14/00
14.00
56.00
4,009.59
TOTAL DISBURSEMENTS OF INCOME ..................
4,079.59
-12-
SC~tEDULE J
DISTRIBUTIONS OF INCOME TO BENEFICIARIES
Joseph D. Brenner
O8/lO/OO
06/02/03
Joseph D. Brenner -
Distribution of estate income
to acct. #12-08233
Joseph D. Brenner -
Distribution of estate income
to acct. #12-08233
Keystone Financial Bank, N.A.
09/01/00 Keystone Financial Bank, N.A.
10,499.66
420.63
10,920.29
2,377.42
MbT Bank
12/01/00 MbT Bank
03/01/01 MbT Bank
06/01/01 MbT Bank
09/04/01 MbT Bank
12/03/01 MbT Bank
03/01/02 MbT Bank
06/03/02 MbT Bank
09/03/02 MbT Bank
12/02/02 MbT Bank
03/03/03 MbT Bank
404.92
379.33
327.48
280.89
253.58
259.56
252.04
345.41
589.33
457.56
-13-
09/02/03
M&T Bank
TOTAL DISTRIBUTIONS
393.18
TO BENEFICIARIES ......
3,943.28
17,240.99
-14-
INCOME BALANCE ON HAND
Units
Description
Federated Treasury Obligtions
Current Value
or as Noted
Fiduciary
Acquisition
Value
102.03 102.03
102.03 102.03
-15-
IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY
PENNSYLVANIA ORPHANS' COURT DIVISION
JANE W. BRENNER CO-TUVV B
COMMONWEALTH OF PENNSYLVANIA ·
COUNTY OF CUMBERLAND ·
David C. Gority, Vice President and Trust Officer, Manufacturers and Traders Trust
Company being duly sworn, depose and says that the foregoing Account, both as to the
items of charge and discharge, are just and true to the best of his knowledge and belief.
Dav~l C. Gority, Victe' Pres~ent and Trust Officer
/
Sworn to and Subscribed before me
this~z~ day of October, 2003
- -(/Notary I~blic
Kandy L. Coyle, Notary Public
Carlisle Boro, Cumbe~'~d County
My Commission Expires July 3, 2006
IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY
PENNSYLVANIA ORPHANS' COURT DIVISION
JANE W. BRENNER CO-TUW B
SCHEDULE OF PROPOSED DISTRIBUTION
Balance for distribution as per First and Final Account
filed October 24, 2003
Distribution
Manufacturers and Traders Trust Company and
Joseph D. Brenner, Sr., Co-Trustees
Federated Treasury Obligations
781.7138 MTB PA Municipal Bond A Fund
Federated Treasury Obligations
Market Value
September 19, 2003
$ 131,745.22
Account Value
$ 123,643.19 $ 123,643.19
8,161.09 8,000.00
102.03 102.03
$ 131,906.31 $ 131,745.22
STATEMENT OF THE REASONS FOR THE PROPOSED DISTRIBUTION
The above distribution is proposed in accordance with the terms of the Last Will and Testament
of Jane W. Brenner, Article XII. Orrstown Bank to become successor trustee to Manufacturers and Traders
Trust Company.
D~vid C. Gority, .V/~e Pr/e'sident
/
COMMONWEALTH OF PENNSYLVANIA ·
COUNTY OF CUMBERLAND ·
David C. Gority, Vice President, Manufacturers and Traders Trust Company being duly sworn
according to law, deposes and says that the facts set forth in ~ent of the Reasons for the
Proposed Distribution are true and correct.
Sworn to and Subscribed before me
this :~f,-/ day of October, 2003.
' - I~otary Pul~lic
Notarial Seal
~ L. Co~, Notary PuU~c
Bom, Cumbe~and County
COMMONWEALTH OF PENNSYLVANIA SS:
COUNTY OF CUMBERLAND NOVEMBER 25, 2003
I, DONNA M. OTTO, Register for probate of Wills and granting Letters of
Administration for the County of Cumberland, in the Commonwealth of Pennsylvania, do hereby
certify the foregoing to be true and accurate copies of the
FIRST AND FINAL ACCOUNT OF MANUFACTURERS AND TRADERS TRUST CO. AND
JOSEPH D. BRENNER, CO-TRUSTEES OF THE JANE W. BRENNER TRUST UWO "B".
as the same were passed and advertised and remain
on file and of record in this office.
IN TESTIMONY WHEREOF, I have
hereunto set my hand and official seal the date
abo~e.
DONi~A M. OTTO, Re~d/ster~5~ Wills
NOW TO WIT, NOVEMBER 25,2003, came into Court MANUFACTURERS AND
TRADERS TRUST CO. AND JOSEPH D. BRENNER, CO-TRUSTEES.
and presented an account and statement of proposed
distribution, which were examined, passed, approved, and confirmed with a balance in his hands
of $131,745.22 and the accountant was directed to distribute said
balance in accordance with the statement of distribution filed.
'-DONNA M. 0T~O, Clerk of the QlCph~' Court
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
SS:
I, DONNA M. OTTO, Clerk of the Orphans' Court, in and for said County, do hereby
certify the foregoing to be a true copy of the account and statement of proposed distribution of
MANUFACTURERS AND TRADERS TRUST CO. AND JOSEPH D. BRENNER, CO-
TRUSTEES.
as full and entire as the same remain on file and
record in this office.
IN TESTIMONY WHEREOF, I have
hereunto set my hand and official seal at Carlisle,
this 25THday of NOVEMBER,20 03
DONNA M. OTTO, Clerk of the OrTp~fn-s
FIRST AND FINAL ACCOUNT OF
MANUFACTURERS AND TRADERS TRUST
COMPANY AND JOSEPH D BRENNER
CO TRUSTEES OF THE JANE W
BRENNER TRUST UWO"B"
OF THE ESTATE OF
LATE OF
CUMBERLAND COUNTY
PENNSYLVANIA
FILED 10-24-2003
ORPHANS COURT 11-25-2003
DAVID C GORITY, TRUST 0FFICI
MARY C. LEWIS
REGISTER OF WILLS &
CLERK OF THE ORPHANS' COURT
Cumberland County Courthouse
Carlisle, Pennsylvania 17013