HomeMy WebLinkAbout11-24-09IN RE: ESTATE OF
GLENN P. HOFFMAN,
DECEASED
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
N0. 2007-01053
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FINAL DECREE ` `~a -~-z
AND NOW, this ~` ~ day of ~ ~ L; Z~a~, upc~~wf= ~ ~ '~~~
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consideration of the Co-Executor
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s' Uncontested Petitioto ~ l V
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Compromise and Settle Contingent Pecuniary Legacies, and after a
hearing, it appearing that the proposed resolution is in the best
interest of all parties (and otherwise satisfies 20 Pa. C.S. ~
5306 and related provisions), it is hereby ORDERED AND DECREED
that:
1. Heidi Fisher DeDay, the co-executor of the Estate of
Glenn P. Hoffman, deceased (the "Estate"), shall pay $2,000 from
the Estate to the Masonic Homes for Children in full and final
settlement of its contingent interest under Item VII of the
Decedent's Will.
2. The co-executor, Heidi Fisher DeDay, shall pay $2,000
from the Estate to the Masonic Homes for Children in full and
final settlement of its contingent interest under Item VIII of
the Decedent's Will.
3. The co-executor, Heidi Fisher DeDay, shall pay and
irrevocably transfer $28,000 from the Estate into an account
entitled James A. Hoffman as Custodian for Rochelle Marie Rose
until age 25 under the Pennsylvania Uniform Transfers to Minors
Act.
4. The co-executor, Heidi Fisher DeDay, shall pay and
irrevocably transfer $28,000 from the Estate into an account
entitled James A. Hoffman as Custodian for Dacoda John Rose until
age 25 under the Pennsylvania Uniform Transfers to Minors Act
(UTMA) .
5. With respect to the above-described UTMA accounts, the
Custodian, James A. Hoffman (the "Custodian"), may pay to the
beneficiary or expend for his/her benefit so much of the funds as
the Custodian considers advisable from time to time; provided,
however, that such funds shall be used solely to defray each
beneficiary's undergraduate and/or post-graduate educational
expenses and loans and shall be paid or expended only after the
beneficiary attains a Bachelor's degree at an accredited college
or university. In accordance with 20 Pa. C.S. ~ 5314, the
Custodian may pay, reimburse, or expend such educational expenses
and loans upon receipt of proper documentation and may do so
without further court order and without regard to:
(a) the duty or ability of any person to support the
beneficiary; or
(b) any other income or property of the beneficiary
which may be applicable or available for that purpose.
6. Unless otherwise specified herein, all provisions of
the Pennsylvania Uniform Transfers to Minors Act (20 Pa. C.S. ~
5301 et seq.) shall apply to the above-described UTMA accounts
and to the Custodian, including those governing the Custodian's
duties and powers, his standard of care, his recordkeeping
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responsibilities, and his entitlement to reimbursement for
reasonable expenses and compensation.
7. The Custodian shall maintain each UTMA account until
the funds have been exhausted or until the beneficiary attains
the age of 25, at which time any remaining funds shall be
distributed directly to the beneficiary, free of any further
restrictions.
BY THE COURT:
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: ORPHANS' COURT DIVISION
COURT OF COMMON PLEAS OF
In Re: GLENN P HOFFMAN CUMBERLAND COUNTY
: PENNSYLVANIA
NO. 21-07-1053
CERTIFICATE OF SERVICE OF ORDER
ORDER DATE: 11-24-09
JUDGE'S INITIALS: JWO
TIME STAMP DATE: 11/24/09
~J ~: FINAL DECREE
SERVICE TO: MICHAEL T FOERSTER TIMOTHY AND PATRICIA ROSE JAMES A HOFFMAN
ROBERT L DLUGE JR BRADFORD DORRANCE
METHOD OF MAILING:
® USPS
^ RRR
^ HAND DELIVERED
^ OTHER
MAILED: 11/25/09
SERVICE TO:
ENVELOPES PROVIDED BY:
® PETITIONER
^ JUDGE
^ CLERK OF ORPHANS COURT
METHOD OF MAILING:
^ USPS
^ RRR
^ HAND DELIVERED
^ OTHER
MAILED:
ENVELOPES PROVIDED BY:
^ PETITIONER
^ JUDGE
^ CLERK OF ORPHANS COURT
Depu
Clerk o rphans' Court