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HomeMy WebLinkAbout12-15-09RECEIPT AND RELEASE WHEREAS, Gladys S. Ritter, late of Mechanicsburg Borough, County of Cumberland and Commonwealth of Pennsylvania, died on June 16, 2008, having first made her Last Will and Testament in writing probated before the Register of Wills of said Cumberland County on June 26, 2008, and Letters Testamentary were issued on the same date to Elmer L. Ritter, Jr., the Executor named in the Last Will and Testament of said Decedent; and WHEREAS, said Executor has entered upon and completed his administration of said Decedent's Estate as set forth in his First and Final Account attached hereto, and intends to distribute the net balance of the assets of said Estate to the person named in the Statement of Proposed Distribution also ',attached hereto, both of said documents being incorporated herein by reference thereto; and NOW KNOW ALL MEN BY THESE PRESENTS, that I, Candace L. LAW OFFICES SNELBAKER & BRENNEMAN, P.C. Ritter being the principal legatee and distributee named in the Will of said Decedent and the person entitled to share in the residuary distribution of the Estate of said Decedent, do hereby declare and say that I have examined the attached Account and Statement of Proposed Distribution, and find the same to b e true n a and correct, and in strict accordance with the to ~ and `° -: <<~ '~ i~ . ' I '~.:> 1 -,~'':~ CJ1 - -, °.:~ PLEASE NOTE: DUE TO AN ~ C ~ ~ ;: ;.. " ELECTRONIC MALFUNCTION WITH ' .~ tt] _- ~-~ TIMECLOCI{ -THE CLOCK DATE ON ~ N ~ t~ THIS DOCUMENT IS 12 I-TOURS BEHIND ~ `'~~ TI-IE AC"I'UAI.1'IME. --RF,GISTER OF lG'ILLS/CLERK OF ORPHANS' CRT provisions of said Will, and I do hereby acknowledge that I, this day have, had and received of and from Elmer L. Ritter, Jr., Executor of the Estate of Gladys S. Ritter, the cash and/or personalty set opposite my name in the above Statement of Proposed Distribution, in full satisfaction, payment and discharge of all such sum or sums of money, legacies and bequests, share or shares, purports and dividends which were due, owing and payable and belonging to me, by any means whatsoever, for or on account of my full share, part or dividend of the 'Estate of Gladys S. Ritter, Deceased. NOW, THEREFORE, I the said Candace L. Ritter do by these ''presents, remise, release, quit-claim and forever discharge the said Elmer L. Ritter, Jr., his heirs, executors and ladministrators, of and from my said shares or dividends of the i Estate aforesaid, and of and from all actions, suits, payments, accounts, reckonings, claims and demands whatsoever, for or by reason thereof, or of any act, matter, cause or thing whatsoever, from the beginning of the world to the day and date of these presents. AND, desiring to avoid the delay and expense of the settlement of said Estate by filing the foregoing Account of said administration in the Office of the Register of Wills of said Cumberland County and by having the balance in the hands of the Executor, as shown by said Account, distributed by the Court of Common Pleas of Cumberland County - Orphans' Court Division, I do LAW OFFICES II 2 SNELBAKER & BRENNEMAN, P.C. COMMONWEALTH OF PENNSYLVANIA) SS. COUNTY OF CUMBERLAND) On this the ~~j~'1 day of ~C~bQ~ 2009, before me, a Notary Public in and for said State and County, the undersigned officer, personally appeared Candace L. Ritter, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. ~~~~. COMMONWEALTH OF PENNSYLVANIA Notarial Seal Sarxlra K Showers, Notary Public IIAed~articsbsg eoro, Cumberland County My Cam~eion E~ires Nov. 22, 2011 AA~ber, Pennay(vanla Association of NotaAea Notary Public LAW OFFICES II SNELBAKER & 4 BRENNEMAN, P.C. ESTATE N0.21-08-0690 FIRST AND FINAL ACCOUNT AND STATEMENT OF PROPOSED DISTRIBUTION OF AND BY ELMER L. RITTER, JR, EXECUTOR OF THE ESTATE AND UNDER THE LAST WILL AND TESTAMENT OF GLADYS S. RITTER, DECEASED, LATE OF MECHANICSBURG BOROUGH, CUMBERLAND COUNTY, PENNSYLVANIA mer L. Ritter, Jr., Executor as aforesaid and Accountant herein, avers as follows: DATE OF DECEDENT'S DEATH: June 16, 2008 DATE LETTERS TESTAMENTARY ISSUED: June 26, 2008 DATES EXECUTOR NOTICE ADVERTISED: Cumberland Law Journal July 11, 18, 25, 2008 Patriot-News July 9, 16, 23, 2008 FIRST AND FINAL ACCOUNT PERSONALTY -PRINCIPAL ACCOUNT DEBITS LAW OFFICES SNELBAKER & BRENNEMAN, P.C. ~e Accountant charges himself with the receipt of the following items of Decedent's Personalty valued as of the date of Decedent's death: 1. 2006 Pontiac G6 GT Sedan, Kelly Blue Book value 2. B.C. Zeigler and Company, investment account #44A-802105 3. Capital Blue Cross, refund unused medical premium 4. Cash due the Decedent from sale of clothing at consignment store 5. Cash found in Decedent's wallet 10,880.00 10,071.54 454.35 7.60 50.00 3,480.00 939, 981.31 18,625.00 25.00 94,799.09 58, 089.75 51,553.33 10,947.50 100.00 1,024.00 17.26 2.57 6. Household goods, appraised value 7. Janney Montgomery Scott, investment account #8572-4254 8. Jewelry, appraised value 9. Member's First Federal Credit Union, savings account #173296-00 10. Member's First Federal Credit Union, checking account #173296-11 11. Member's First Federal Credit Union, money management account #173296-05 12. Member's First Federal Credit Union, certificate of deposit #173296-41 13. Snail Pattern Glass collection, appraised value 14. Travelers check 15. Holy Spirit Hospital, refund overpayment 16. Allied Irish, sale of fractional shares of stock 17. M&T Investment Group, distribution from class action suit on IRA account 18. Nuveen, sale of fractional shares of stock 19. Commonwealth of Pennsylvania, Inheritance Tax refund TOTAL, PERSONALTY, PRINCIPAL ACCOUNT, DEBITS: 5.07 1,744.00 $ 1,201,857.37 Page 1 PERSONALTY -PRINCIPAL ACCOUNT CREDITS PERSONALTY -INCOME ACCOUNT DEBITS fhe Accountant claims credit for the payment of the following items from Decedent's Personalty Account: 1. Homeland Center, medical expenses 2. Malpezzi Funeral Home, funeral expenses 3. Gingrich Memorials, grave markers 4. Holy Spirit Hospital, medical expenses 5. Brockie Pharmatech, medical expenses 6. Betty Bowersox, appraisal fee for Snail Pattern glassware 7. Chuck Bricker, appraisal fee for household goods 8. Ibis Appraisal Services, appraisal fee for jewelry 9. Register of Wills, Agent, estimated Inheritance Tax payment 10. Graham Motor Company, auto inspection 11. Register of Wills, additional probate fee 12. Greenawalt & Company, P.C., preparation of 2009 Fiduciary Tax Returns 13. Snelbaker & Brenneman, P.C., attorney services 14. Snelbaker & Brenneman, P.C., costs advanced: a. Register of Wills, probate fee b. Register of Wills, short certificates c. Patriot-News, advertising Executor Notice d. Cumberland Law Journal, advertising Executor Notice e. Register of Wills, certified copy of Will f. Register of Wills, filing fee for Inheritance Tax return and short certificate 15. Reserve for filing fees, accountant fees and other miscellaneous costs associated with the administration of the Decedent's estate TOTAL, PERSONALTY, PRINCIPAL ACCOUNT, CREDITS: ie Accountant charges himself with the receipt of the following income from the investment of Personalty Principal: 1. Member's First Federal Credit Union, checking account, interest 2. Member's First Federal Credit Union, money management account, interest 3. Member's First Federal Credit Union, certificate of deposit account, interest 4. Janney Montgomery Scott, interest & dividends 5. M&T Bank, estate checking account, interest 6. M&T Bank, estate savings account, interest 7. Income from sale of auto TOTAL, PERSONALTY, INCOME ACCOUNT, DEBITS: 310.00 16.00 148.17 75.00 5.00 19.00 3,439.31 16,698.89 4,250.00 1,024.00 94.44 200.00 150.00 420.00 60,000.00 35.01 500.00 400.00 12, 500.00 573.17 2,000.00 $ 102,284.82 PERSONALTY -INCOME ACCOUNT CREDITS LAW OFFICES SNELBAKER 8C BRENNEMAN, P.C. ie Accountant claims credit for the payment of the following items from the Personalty Principal Account: 1. United States Treasury, 2009 Fiduciary Income Tax 2. Pennsylvania Department of Revenue, 2009 Fiduciary Income Tax TOTAL, PERSONALTY, INCOME ACCOUNT, CREDITS: $6.70 31.31 78.14 2,143.75 9.73 1,938.68 1,120.00 $ 5,328.31 $638.00 $513.00 125.00 Page 2 LAW OFFICES SNELBAKER & BRENNEMAN, P.C. REAL ESTATE -PRINCIPAL ACCOUNT DEBITS Accountant charges himself with the receipt of Decedent's Real Estate as follows: TOTAL, REAL ESTATE, PRINCIPAL ACCOUNT, DEBITS: REAL ESTATE -PRINCIPAL ACCOUNT CREDITS Accountant claims credit for the payment of the following items from Real Estate Principal Account: TOTAL, REAL ESTATE, PRINCIPAL ACCOUNT, CREDITS: REAL ESTATE -INCOME ACCOUNT DEBITS Accountant charges himself with the receipt of the income from the investment of Real Estate Principal Account: TOTAL, REAL ESTATE, INCOME ACCOUNT, DEBITS: REAL ESTATE -INCOME ACCOUNT CREDITS he Accountant claims credit for the payment of the following items from the Real Estate Income Account: TOTAL, REAL ESTATE, INCOME ACCOUNT, CREDITS: Page 3 $ NONE $ NONE $ NONE $ NONE $ NONE $ NONE $ NONE $ NONE RECAPITULATION PRINCIPAL ACCOUNT: Debits Credits Balance INCOME ACCOUNT: Debits Credits Balance TOTAL PERSONALTY PRINCIPAL ACCOUNT: Debits Credits Balance INCOME ACCOUNT: Debits Credits Balance TOTAL REAL ESTATE: $ 1,201,857.37 $ 102,284.82 $ 5,328.31 638.00 1, 099, 572.55 $ 4,690.31 $ 1,104,262.86 $ NONE $ NONE $ NONE $ NONE $ NONE NONE $ NONE $ 1,104,262.86 LAW OFFICES SNELBAKER EC BRENNEMAN, P.C. Page 4 STATEMENT OF PROPOSED DISTRIBUTION LAW OFFICES SNELBAKER SC BRENNEMAN, P.C. Elmer L. Ritter, Jr., Executor and Accountant herein, proposes to istribute the balance of the Estate of Gladys S. Ritter, Deceased, to wit: 1,104,262.86 in accordance with the Last Will and Testament of said Decedent s follows: Candace L. Ritter 100% of residue as per Item Second of Will a. B.C. Zeigler and Company, investment 10,071.54 a/c #44A-802105, retained In-Kind b. Janney Montgomery Scott, investment 939,981.31 a/c #8572-4254, retained In-Kind c. Household goods, retained In-Kind 3,480.00 d. Jewelry, retained In-Kind 18,625.00 e. Snail Pattern Glass collection, retained In-Kind 10,947.50 f. Cash 121,157.51 AL FOR DISTRIBUTION: 1,104, 262.86 1,104,262.86 Page 5 COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF CUMBERLAND Elmer L. Ritter, Jr. being duly sworn according to law deposes and says: that he is the Executor of the Estate and under the Last Will and Testament of Gladys S. Ritter, Deceased, and the Accountant herein; that there are no unpaid creditors or claimants of said Estate; that there are no persons interested in the distribution of said Estate other than as stated in the foregoing Statement of Proposed Distribution; and that the facts set forth in the foregoing First and Final Account and Statement of Proposed Distribution are true and correct to the best of his knowledge, information and belief. Elmer L. Ritter, Jr. Executor and Accountan Sworn to and subscribed before me this ~~` day of ~iZCen~l~2'~-' 2009 ~~~~ Notary Public COMMONWEALTH OF PENNSYLVANIA Notarial Seal Sandra K Showers, Nota-y PubAc ~har>~burg Boro, Currrbedartd Cotmty My Cammissfon E~iras Nov. 22, 2011 Member, Pennsylvania Association of Notaries LAW OFFICES SNELBAKER 8C BRENNEMAN, P.C. Page 6