The URL can be used to link to this page

Home My WebLink About08-12-09IN THE ORPHANS' COURT DIVISION OF THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ESTATE OF NELLIE E. SNYDER, DECEASED No. 2008-00362 APPROVAL OF ACCOUNT, WAIVER, RECEIPT, c~ a RELEASE, AND AGREEMENT OF INDEMNITY > ~ c , J\ <`s The circumstances leading up to the execution of this instrument are as folldivs 7~ N f, ~:; ,. _ ~. _:~~~o c_:,:, ~,~ i. Nellie E. Snyder died on March 23, 2008, leaving a Will dated Maz¢>~'~;'196'~ _ ~ ~_, naming Chazles R. Gingrich as Executor. v ~ ?r~ <.,,, ; w 2. Letters Testamentary were granted to Chazles R. Gingrich by the Register of Wills of Cumberland County on April 3, 2008. 3. It is the desire of the Nellie E. Snyder heirs that the Estate be distributed without the formality of a court proceeding in order to save the expense, publicity, and delay incident to such court proceeding, and the Executor is willing to make such distribution upon the execution of this instrument. 4. An account of the administration of the Estate of Nellie E. Snyder has been prepazed by the Executor. A copy is attached hereto as Exhibit A. 5. In consideration of the foregoing, each of the undersigned hereby: A. Represents and wazrants that he/she has read and understands this instrument and that the facts set forth above aze true and correct to the best of his/her knowledge, information and belief; B. Declares that he/she has examined the attached account of the administration of the Estate and the attached schedule of distribution; that he/she finds them to be true and -1- ~~ correct in all particulazs; that he/she accepts and approves them as if they had been duly filed, audited, adjudicated and confirmed absolutely by the Orphans' Court Division of the Court of Common Pleas of Cumberland County, and as if the amounts shown as distributable had been duly awarded to him/her; C. Waives the filing and auditing of the account of the administration of the Estate in the Orphans' Court Division of the Court of Common Pleas of Cumberland County, and agrees that the Orphans' Court Division of the Court of Common Pleas of Cumberland County may by its decree confirm the account and approve the schedule of distribution; D. Requests the Executor to make distribution of the principal and income in accordance with the schedule of distribution, and effective upon delivery to him/her of the amounts shown as respectively distributable, acknowledges receipt of such property; E. Agrees to refund to the Executor any amount which may at any time be determined to have been an erroneous distribution to him/her, regazdless of the cause of such erroneous distribution, even if attributable to negligence, and agrees that any period for the limitation of actions for the collection of any erroneous distribution shall commence only at such time as the Executor shall have obtained actual knowledge of such erroneous distribution and that in no event shall the period for collection of any erroneous distribution be less than two yeazs after the actual discovery thereof; F. Absolutely and irrevocably remises, releases, quitclaims and forever dischazges Chazles R. Gingrich, individually and in his capacity as Executor, from any and all actions, suits, payments, accounts, reckonings, liabilities, claims and demands relating in any way to the administration of the Nellie E. Snyder Estate; -2- G. Agrees to indemnify and hold harmless, to the extent of the funds received by him/her hereunder, Charles R. Gingrich, individually and in his capacity as Executor, from and against any and all claims, loss, liability or damage (including legal fees and costs in connection therewith) which he may suffer or to which he may be subjected by reason of his administration of the Estate, the settlement of his Executor's account and the distribution of the assets of the Estate without having the formal approval of the prphans' Court Division of the Court of Common Pleas of Cumberland County, including, but not limited to, any liability for any federal estate tax, Pennsylvania inheritance tax or any other death taxes, together with interest and costs incidental thereto, relating in any way to the Estate; and H. Declares it to be his/her intention that this instrument, consisting of four pages, shall be governed by the law of Pennsylvania and shall be legally binding as an agreement under seal upon him/her and upon his/her heirs, executors, administrators and assigns. Executed on: ~/ U DATE ~--a~~a9 DATE ~" 0 9 D E ~ ~~ avv~ DATE ~, R ~ ~- 2 (seat) CHARLES R. G GRI -3- ~""",' ~`..~~'~ (Seal) KEL OON -" t ~9 DATE 'L 6(f DAT (Seal) (Seal) STrN POO (Seal) -4- BEFORE THE REGISTER OF WILLS, CUMBERLAND COUNTY, PENNSYLVANIA No. 2008-00362 FIRST AND FINAL ACCOUNT OF CHARLES R. GINGRICH, Executor For ESTATE OF NELLIE E. SNYDER, Deceased Date of Death: Date of Executor's Appointment: Accounting for the Period: March 23, 2008 Apri13, 2008 Apri13, 2008 to July 31, 2009 PURPOSE OF ACCOUNT: Charles R. Gingrich, Executor, offers this Account to acquaint interested parties with the transactions that have occurred during his administration. The Account also indicates the proposed distribution of the Estate. It is important that the Account be carefully examined. Requests for additional information or questions or objections can be discussed with: Debra K. Wallet, Esquire 24 N. 32nd Street Camp Hill, PA 17011 I.D. #23989 (717) 737-1300 EXHIBIT A SUMMARY OF ACCOUNT Fiduciazy Current Acquisition Page Value Value Proposed Distribution to Beneficiaries 5-6 $86,024.57 PRINCIPAL Receipts 2 $102,616.45 Net Loss on Sales or Other Dispositions Less Disbursements Debts of Decedent 3 $1 040 29 Funeral Expenses 3 , . 8 664 45 Administration Expenses 3 , . 396 00 Federal and State Taxes 3 . 4 407 36 Fees and Commissions 4 , . 3,500.00 $18,008.10 Principal Balance on Hand $84,608.35 INCOME Receipts 4 Income Balance on Hand $1,416.22 1,416.22 Balance Before Distributions $86,024.57 Combined Balance on Hand $86,024.57 RECEIPTS OF PRINCIPAL Assets Listed in Inventory: (Value as of Date of Death) Cash and Bank Deposits: Sovereign Bank Checking Acct.#571129145 $7,990.00 Savings Acct. #574117644 105.89 PSECU Savings Acct. ID #Ol 10.53 Money Mazket Acct. ID #07 5,894.18 Certificate of Deposit ID #50 83,582.76 Refunds: Parthemore Funeral Home refund $10.00 Country Meadows refund 2,961.35 The Woods refund 2,051.48 Blue Cross/Blue Shield Phazmacy refund 10.26 TOTAL ASSETS LISTED IN INVENTORY: $102,616.45 2 DISBURSEMENTS OF PRINCIPAL Debts of Decedent• Verizon $45.18 B. Miller, Treasurer (personal taxes) 9.80 Associated Cardiologists 61 02 Heritage Medical Group . 152 66 H&R Block (income tax preparation) . 139 00 West Shore Anesthesia Associates, Ltd. . 17 09 Comcast . 8 68 Camp Hill Emergency Physician 15 98 Praxair Health Ser. . 23 01 Susquehanna Surgeons . 12 00 Mobile X-Ray Imaging 524 50 Hershey Kidney Specialists . 15 26 Quantum Imaging . 16_11 $1,040.29 Funer_ al~~~; Parthemore Funeral Home $7 769 49 Gingrich Memorials , . 130 00 Dealers Flowers . 169 55 Shiremanstown Church of God . 300 00 Hoss's Steakhouse (funeral luncheon) 295.41 $8,664.45 Administration Expenses: Probate Fees $336.00 Postage, photocopies, etc. 50.00 Reserve for Filing of Account 10_00 $396.00 Federal and State Taxes; PA Inheritance Tax $3 832 03 2007 Federal Income Taxes , . 443 00 2008 Federal Fiduciary Taxes . 73 80 2008 PA Fiduciary Taxes . 33 53 Reserve for 2009 Fiduciary Taxes . 2g_00 $4,407.36 3 Fees and Commissions; Debra K. Wallet, Esq. -Attorney fees $3,500,00 RECEIPTS OF INCOME Interest Members Is` Estate Checking Account: 2008 Interest 2009 Interest(thru 5/24/09) $1.092.15 324.07 TOTAL RECEIPTS OF INCOME; $1,416.22 PROPOSED DISTRIBUTION TO BENEFICIARIES TO: Charles R. Gingrich 6402 Cannon Drive Mechanicsburg, PA 17050 Special Bequest -Will, Paragraph Second $500.00 Proposed Distribution 21,381.15 Sandra K. (Gingrich) Crisp 25 Shadle Drive Fayetteville, PA 17222 Proposed Distribution 21,381.15 Cazol D. (Ebert) Teahl 4052 Caissons Court Enola, PA 17025 Proposed Distribution 21,381.15 Kelly Hoon 632 Davis Drive New Cumberland, PA 17070 Proposed Distribution 5,345.28 LeeAnn Trayer 22 South Main Street Marysville, PA 17053 Proposed Distribution 5,345.28 5 LaMar Chubb 200 Fairway Drive Etters, PA 17319 Proposed Distribution 5 345.28 Kristen Pool 234 Fox Drive Mechanicsburg, PA 17050 Proposed Distribution 5 345.28 TOTAL PROPOSED DISTRIBUTION TO BENEFICIARIES: $86,024.57