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HomeMy WebLinkAbout05-04-09a~~~ IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA IN RE: ESTATE OF ORPHANS' COURT DIVISION AMY JEAN CONRAD, DECEASED No. 21-07-1094 ESTATE SETTLEMENT AGREEMENT filed on behalf of JOHN H. GROFF, EXECUTOR Counsel of Record for this Party: S. Berne Smith, Esquire PA I.D. #07254 107 N. 24th Street Camp Hill, PA 17011-3602 (717)737-7444 n ::.G .,v -t~ ~, 7.~- ~_^> ~. ~; '' `~. _' N f~"J ,J ~O T~ i .~- 0 cn .~- r /"' ~ -=, ~_. ' V ~, `'~ ESTATE SETTLEMENT AGREEMENT THIS AGREEMENT is by and between John H. Gorff, Executor ofthe Estate ofAmy Jean Conrad, Deceased, and each of the beneficiaries listed hereinafter. WITNESSETH WHEREAS, Amy Jean Conrad, died November 14, 2007, having left her Last Will and Testament dated May 24, 2000, which was duly admitted to probate by the Register of Wills of Cumberland County at the above number and term November 30, 2007; and WHEREAS, John H. Groffhas been duly appointed as Executor ofthe Estate of Amy Jean Conrad, Deceased; and WHEREAS, the parties in interest under the Last Will and Testament ofAmy Jean Conrad, Deceased, are set forth as follows: NAME ADDRESS BENEFICTAT.AMnTTNT Carol Groff 1 Chelten Circle Certain items of personal Camp Hill, PA 17011 property; but none were taken Nancy Ruth Hickey 6 Blue Spring Terrace $50,000.00 and certain items Danville, PA 17821 of personal property St Luke's Episcopal Church 8 East Keller Street '/z of the Residue of the Estate Attn: ~}}iPg~1•~I~,..1 A • Mechanicsburg, PA 17055 Finance Committee t"rr Christ Memorial Episcopal P.O. Box 363 %z of the Residue of the Estate Church. Attention: Danville, PA 17821-0363 Kenneth Altenbach, Senior Warden WHEREAS, Amy Jean Conrad, Deceased, was not survived by a spouse; and WHEREAS, there were no unfulfilled specific bequests. The release ofNancy Ruth Hickey is attached hereto. Carol Groff did not take any of the personal items. And -2- IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA IN RE: ESTATE OF ORPHANS' COURT DIVISION AMY JEAN CONRAD, DECEASED No. 21-07-1094 RECEIPT FOR DISTRIBUTION AND RELEASE OF EXECUTOR TO THE HONORABLE, THE JUDGES OF SAID COURT: Nancy Ruth Hickey, being beneficially interested in the above titled estate, hereby acknowledges to have received from John H. Groff, Executor of the Estate of Amy Jean Conrad, Deceased: • The sum of Fifty Thousand Dollars ($50,000.00) and certain items of tangible property of decedent and requests Your Honorable Court to charge the same to her in the Decree of Distribution to be entered in said Estate. In consideration of this distribution being made prior to the filing and audit of a Final Account, Nancy Ruth Hickey hereby agrees to refund on demand, all or any part of this distribution which may be determined to have been improperly made. She further acknowledges that the distribution made is in full and complete payment of the entire distribution to which she is entitled under the Will of Amy Jean Conrad, Deceased; that she by signing this document does hereby release and forever discharge John H. Groff, Executor, from any and all liability which may from time to time arise in connection with his service as Executor of the Estate of Amy Jean Conrad; and does further agree to indemnify and hold harmless said John H. Groff, Executor, from any and all liability which may arise against the estate from creditors or other claimants to the extent of the distribution made to her. This release and declaration shall be made part ofthe final, informal or formal settlement or account of the estate proceedings and indexed and recorded as such, and it shall be binding upon her respective personal representatives, heirs, successors and assigns, and governed by the laws of the Commonwealth of Pennsylvania. Dated this . ~/ ~' ''llday of ~ G ~d ~ E r , 2008. WITNESS: L IJ ~" 1 ~ U C' ~" C' J C ~( NANCY RUTH HICKEY I BY~~~(J~t,IC ~LU(,iC~• By: o/~'t_ ~ % SCHEDULEI INFORMAL ACCOUNT This is an informal account ofthe administration ofthe Estate ofAmy Jean Conrad who died testate November 14, 2007. It contains a summary statement of the probate assets, receipts, expenditures, taxes and distributions of the Estate followed by attachments which (1) state the specific values of the probate assets of the Estate and any post death receipts, (2) expenses and expenditures of the Estate including taxes and advance distributions, and (3) a summary of distributions to beneficiaries already made and of final distributions proposed to be made upon approval of the Estate Settlement Agreement. SUMMARY -AMY JEAN CONRAD ESTATE -NOVEMBER 14 2007 TO THE PRESENT Name of Decedent: Amy Jean Conrad PA File No. 21-07-1094 ITEM AMOUNT Total of Probate Assets and Receipts: $496,102.92 Expenses of the Estate other than advance distributions: ($53,062.68) Advance Distributions: ($350,000.00) Total expenses and advance distributions $403,062.68 Net distributable assets proposed for final distribution to the churches: $93,040.24 TABLE OF ALL PROBATE ASSETS AND POST DEATH RECEIPTS Name of Decedent: Amy Jean Conrad PA File No.21-07-1094 Date Source of Probate Assets and other Receipts Amount 12-2-07 Opening of estate checking account from M&T Money Market Checking account # 24895660 $30,000.00 1-19-08 M&T Money Mazket Checking account #24895660 (closing old personal checking account) 6,623.54 1-19-08 PNC Money Market Account # 50-0350-3837 30,368.47 1-19-08 PNC Cert Dep. #000021001015345 10,291.57 1-19-08 PNC Cert Dep. #000031900056017 15,980.80 1-19-08 PNC Cert Dep.#000031200147936 20,213.05 1-28-08 Sovereign Bank CD #2335284127 12,282.31 2-4-08 370 U. S. Series E Savings Bonds 59,356.72 3-3-08 First Keystone National Bank CD #8012423300 20,134.57 5-1-08 Investors Life Insurance Company of North America Policy # 04-4000874617 2,035.28 5-1-08 Genworth Life & Annuity Contract #706064411 114,966.19 6-13-08 Miscellaneous Interest 236.62 7-5-08 Miscellaneous Interest .29 7-10-08 M&T Securities Account #AZD-496149 (mutual funds) 156,240.32 7-26-08 US Federal Stimulus Payment 600.00 8-8-08 19 Shares of Prudential Financial common stock 1,298.02 10-14-08 413.639 Shares of PPL Electric Utilities common stock 15,464.09 12-12-08 Miscellaneous Interest 11.08 TOTAL OF RECEIPTS $496,102.92 TABLE OF EXPENSES AND DEBTS OF THE ESTATE, INCLUDING ADVANCE DISTRIBUTIONS Name of Decedent: Amy Jean Conrad PA File No. 21-07-1094 DATE CHECK # ITEM AMOUNT 12-8-07 101 Auer Memorial Home & Cremation $140.20 12-8-07 102 John Groff reimbursement for part of funeral 260.00 12-23-07 103 Dr. Paul D. Dalbey 7.57 12-23-07 104 Messiah Village 3,171.25 12-29-07 105 Carol S. Groff -postage reimbursement 8.20 1-9-08 106 Alert Pharmacy Service 33.07 1-31-08 107 John H. Groff reimbursement for certified mailing of US savings bonds 46.60 2-10-08 108 Register of Wills, Agent -prepayment of PIT 6,000.00 3-12-08 109 Littman Jewelers -ring appraisals ] 00.00 4-7-08 110 Richard Simpson, CPA -Income tax preparation 300.00 4-8-08 111 PA Dept of Revenue - PA Income taxes 337.00 4-8-08 112 IRS Federal Income Taxes for 2007 1,739.00 5-10-08 113 United States Postal Service 12.25 5-17-08 114 PA State Employees Retirement System -refund of overpayment 2400.72 7-26-08 115 US Dept of the Treasury -refund of VA overpayment 1091.00 8-10-08 1 ] 6 Register of Wills, Agent - PA Inheritance Tax 21,544.53 10-24-08 1 l7 Nancy Ruth Hickey -Distribution of specific bequest 50,000.00 10-24-08 118 St. Luke's Episcopal Church -Interim distribution to residuary beneficiary 150,000.00 10-24-08 119 Christ Memorial Episcopal Church -Interim distribution to residuary beneficiary 150,000.00 10-24-08 120 S. Berne Smith, Esq. - On account of legal services $2,500.00 10-24-08 121 John H. Groff, Executor - On account of services as executor 3,750.00 11-23-08 122 John H. Groff -reimbursement for postage 23.37 3-2-09 123 John H. Groff -final payment of Executor's fees 3,750.00 March 2009 S. Berne Smith, Esq. -Final payment of legal fees 5,000.00 March 2009 S. Berne Smith, Esq. -Reimbursement for probate expenses paid. 747.92 March 2009 Reserve of contingencies 100.00 TOTAL OF EXPENDITURES $403,062.68 2 TABLE OF ADVANCED DISTRIBUTIONS AND PROPOSED FINAL DISTRIBUTIONS Name of Decedent: Amy Jean Conrad PA File No. 21-07-1094 Name of Beneficiary Relationship Share of Estate Advanced Proposed Final Distribution Distribution L Carol Groff Friend Certain items of None None personal property 2. Nancy Ruth Hickey Sister-in-Law $SQ,000.00 and $50,000.00 and None certain items of personal property personal property distributed October 3I, 2008 3. Christ Memorial Episcopal Church Charity Y of Residue $150,000.00 paid $46,520.12 October 3Q 2008 4. SL Luke's Episcopal Church Charity '/, of Residue $150,000.00 paid $46,520.12 October 31, 200R TOTALS $350,000.00 $93,040.24 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA IN RE: ESTATE OF ORPHANS' COURT DIVISION AMY JEAN CONRAD, DECEASED No. 21-07-1094 RECEIPT FOR DISTRIBUTION AND AGREEMENT FOR INDEMNIFICATION OF EXECUTOR TO THE HONORABLE, THE JUDGES OF SAID COURT: ST. LUKE'S EPISCOPAL CHURCH, 8 East Keller Street, Mechanicsburg, PA 17055 being beneficially interested in the above titled estate, hereby acknowledges to have received from John H. Groff, Executor of the Estate of Amy Jean Conrad, Deceased, One Hundred Fifty Thousand Dollars ($150,000.00) paid in October, 2008, in partial satisfaction of the bequest made to it in the Will of Amy Jean Conrad, Deceased, and requests Your Honorable Court to charge the same to it in the Decree of Distribution to be entered in said Estate. In consideration of this distribution being made prior to the filing and audit of a Final Account, the Church hereby agrees to refund on demand, all or any part of this distribution which may be determined to have been improperly made. It further acknowledges that the distribution made is in partial payment of the distribution to which it is entitled under the Will of Amy Jean Conrad, Deceased; and does further agree to indemnify and hold harmless said John H. Groff, Executor, from any and all liability which may arise against the Estate from creditors or other claimants to the extent of the distribution made to it. This release and declaration shal I be made part of the final, informal or formal settlement or account of the Estate proceedings and indexed and recorded as such, and it shall be binding upon my respective heirs, successors, administrators, and assigns, and governed by the laws of the Comscnwealth of Pennsylvania. Signed, sealed and dated this ~ day of ~G ~GfJP y , X008. WITNESS ~ ~J~ ST. LUKE'S EPISCOPAL CHURCH - l `~ ~-"'-~ ~^='<?~wC--may i-(Seal) IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA IN RE: ESTATE OF ORPHANS' COURT DIVISION AMY JEAN CONRAD, DECEASED No. 21-07-1094 RECEIPT FOR DISTRIBUTION AND AGREEMENT FOR INDEMNIFICATION OF EXECUTOR TO THE HONORABLE, THE JUDGES OF SAID COURT: CHRIST MEMORIAL EPISCOPAL CHURCH, Danville, PA 17055 being beneficially interested in the above titled estate, hereby acknowledges to have received from John H. Groff, Executor of the Estate of Amy Jean Conrad, Deceased, One Hundred Fifty Thousand Dollars ($150,000.00) paid in October, 2008, in partial satisfaction of the bequest made to it in the Rill of Amy Jean Conrad, Deceased, and requests Your Honorable Court to charge the same to it in the Decree of Distribution to be entered in said Estate. In consideration of this distribution being made prior to the filing and audit of a Final Account, the Church hereby agrees to refund on demand, all or any part of this distribution which may be determined to have been improperly made. It further acknowledges that the distribution made is in partial payment of the distribution to which it is entitled under the Will of Amy Jean Conrad, Deceased; and does further agree to indemnify and hold harmless said John H. Groff, Executor, from any and all liability which may arise against the Estate from creditors or other claimants to the extent ofthe distribution made to it. This release and declaration shall be made part of the final, informal or formal settlement or account of the Estate proceedings and indexed and recorded as such, and it shall be binding upon my respective heirs, successors, administrators, and assigns, and go~,~erned by the laws of the Commonwealth of Pennsylvania. Signed, sealed and dated this 3 d day of Qr To h F r , 2008. WITNESS CHRIST MEMORIAL EPISCOPAL CHURCH (Seal) ~~rtw ~t~sti~~~v ~r: Z!)ardc~~ J S. BERME SMITH Attorney-at-Law 107 N. 24'" Street Camp Hill, PA 1 7 01 1-3 602 PHONE: (717) 737-6789 FAX: (717) 737-6783 Apri123, 2009 In re: Estate of Amy Jean Comad; DOD 11-14-2007; SS# 197-03-8575; EIN: 26-6125301 PA File No. 21-07-1094 My ftle: 60002 Ms. Glenda Farner Strasbaugh Register of Wills Courthouse 1 Courthouse Square Carlisle, PA 17013-3387 Dear Ms. Strasbaugh: Enclosed is the original of the Estate Settlement Agreement and attachments thereto. This Agreement has been submitted to the Attorney General's office and been approved. Enclosed is my check in the amount of $20.00 to pay the fee. A copy ofthe final status report is also enclosed. Thank you. Sincerely yours, ~ ~~ C~eC~- rP ~ ~~ ov S. Berne Smith Enclosure: cc: John H. Groff, Executor John L. Downing, Esq. (w/enc.)