HomeMy WebLinkAbout01-28-10 (2):312, ~fo3. ~7
COURT OF COMMON PLEAS OF CUMBERLAND COUNTY
PENNSYLVANIA ORPHANS' COURT DIVISION ~
NO.21-08-1117
First and Final Account of
John D. Lemke, Executor
for
Rose A. Lemke, deceased
Late of Lemoyne Borough
Date of Death:
Date of Executors' Appointment:
Date of First Complete Advertisement
of Grant of Letters:
Accounting for the Period:
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October 31, 2008
November 12, 2008
December 5, 2008
October 31, 2008 through
October 15, 2009
Purpose of this Account: The Executrix offers this Account to acquaint interested
parties with the transactions that have occurred during her administration.
It is important that this Account be carefully examined. Requests for
additional information or questions should be discussed with:
John D. Lemke, Executor
P. O. Box 384
Kennett Square, PA 193 4 8
or
L. Peter Temple, Esquire
LARMORE, SCARLETT, MYERS & TEMPLE
P. O. Box 384
Kennett Square, PA 19348
GROSS RECEIPTS
$362,463.04
Page 1
SUMMARY OF ACCOUNT
Principal
Adjustments
Subsequent Receipts
Gain or Loss on Conversions
Total Receipts of Principal
Less Disbursements:
Debts of Decedent
Funeral Expenses
Administrative Expenses
Federal and State Taxes
Fees and Commissions
Principal balance remaining
Distribution to beneficiaries
Principal Balance on Hand
PAGE
VALUE
3 $374,337.43
4 -$447.50
4 $35,042.38
5 to 7 -$47,777.68
$361,154.63
7 $1,559.57
8 $7,660.36
8 to 11 $30,809.00
12 $17,888.26
12 $32,748.36 $90,665.55
$270,489.08
12 to 15 $246,797.49
15 $23,691.59
Income:
Receipts
Income Distribution to Beneficiaries
Income Balance on Hand
Combined Balance on Hand
15 to 17 $1,308.41
17 $0.00
17 $1,308.41
Page 2
$25,000.00
RECEIPTS OF PRINCIPAL
Assets listed on Inventory valued as of date of death:
Vanguard
7,630.79 shs. Vanguard Intermediate Treasury Fund
1,717.276 shs. Vanguard Growth & Income Fund
Stifel Nicholaus
200 shs. American Capital Ltd.
160 shs. General Motors Corp.
200 shs. Giant Oil & Gas Inc.
300 shs. Macquarie Infrastructure Co.
900 shs. Alpine Total Dynamic Dividend Fund
Dividend of .18 per share declared 9/2/08,
payable 10/31 /08, to holders of record 10/27/08
300 shs. Blackrock Debt Strategies Fund Inc.
Dividend of .053 per share declared 10/1/08,
payable 10/31/08, to holders of record 10/15/08
325 shs. US Shipping Partners LP
Cash
$2,000. Barclays Bank, 14.125%, due 2/25/09
Checking account # 1000680786484 at Wachovia Bank
Coins, sale price
Cash on hand
Highmark Blue Shield, refund
The Patriot News, refund
Personal property per appraisal
US Treasury, 2008 income tax refund
Real Estate
$86,456.85
$36,097.14
$2,783.00
$934.40
$55.00
$3,118.50
$7,245.00
$162.00
$1,036.50
$14.40
$230.75
$897.91
$557.40
$107.22
$900.00
$85.93
$510.93
$31.50
$8,311.00
$52.00
$224,750.00
$374,337.43
Page 3
Adjustments:
Personal property not distributed to heirs:
Sale proceeds of personal property
Subsequent Receipts:
12/12/08 Proceeds of Sovereign Bank checking
account # 1051068169 held j ointly with
Lavelle Henry Arnold
12/11/08 Proceeds of Sovereign Bank savings
account # 10514019169 held j ointly with
Lavelle Henry Arnold
02/06/09 Proceeds of GMAC Demand Notes
held jointly with John D. Lemke
10/ 12/09 Allstate Insurance Company, premium
refund
$1,124.00
$676.50 -$447.50
$8,402.78
$535.06
$3,988.52
$357.00
10/02/09 One-half value of cottage known as
741 Pine Grove Road, Cumberland Co., PA $21,759.02 $35,042.38
Capital changes:
10/31/08 7,630.790 shs. Vanguard Int Treas Fund
11/28/08 0,021.681 shs. reinvested
11/28/08 7,652.471 shs.
Transferred to Estate account
12/08/08 7,652.471 shs. Vanguard Int Treas Fund
12/08/08 0,004.256 shs. reinvested
12/08/08 7,656.727 shs.
Page 4
$86,456.85
$258.66
$86,715.51
$86,715.51
$51.16
$86,766.67
GAIN OR LOSS ON CONVERSIONS
12/12/08 7,656.727 shs. Vanguard Intl Treas Fund
Inventoried @ $86,766.67
Sold $93,029.23
12/12/08 1,717.276 shs. Vanguard Growth & Income Fund
Inventoried @ $36,097.14
Sold $32,868.66
12/17/08 200 shs. American Capital Ltd.
Inventoried @ $2,783.00
Sold $552.99
12/17/08 $2,000. Barclays Bank, 14.125%
Inventoried @ $557.40
Sold $402.00
12/17/08 160 shs. General Motors Corp.
Inventoried @ $934.40
Sold $619.26
GAIN
$6,262.56
LOSS
-$3,228.48
-$2,230.01
-$155.40
-$315.14
Page 5
12/17/08 200 shs. Giant Oil & Gas Inc.
Inventoried @ $55.00
Sold $27.39 -$27.61
12/17/08 300 shs. Macquarie Infrastructure Co.
Inventoried @ $3,118.50
Sold $893.66 -$2,224.84
12/17/08 900 shs. Alpine Total Dynamic Fund
Inventoried @ $7,245.00
Sold $4,936.42 -$2,308.58
12/17/08 300 shs. Blackrock Debt Strategies Fund
Inventoried @ $1,036.50
Sold $586.29 -$450.21
12/17/08 325 shs. US Shipping Partners LP
Inventoried @ $230.75
Sold $47.64 -$183.11
$6,262.56 -$11,123.38
-$4,860.82
Page 6
Property known as 914 Indiana Ave., Lemoyne, PA
Sale price $193,674.00
Plus:
County tax adjustment $249.05
School tax adjustment $1,428.30
Township tax adjustment $6.60 $1,683.95
$195,357.95
Less:
Commission $10,652.07
Transaction fee $165.00
Document fee $125.00
Notary fees $10.00
Transfer tax $1,936.74
Tax Certification $7.00
Home warranty $629.00 $13,524.81
$181,833.14
Inventoried @ $224,750.00 -$42,916.86
-$47,777.68
DISBURSEMENTS OF PRINCIPAL
Debts of Decedent
12/ 11 /08 Country Meadows at Home
12/11/08 Country Meadows Associates
01/30/09 Sovereign Bank, return of social security
$427.50
$456.07
$676.00
$1,559.57
Page 7
Funeral Expenses
12/11/08 Musselman Funeral Home, services $7,436.67
02/05/09 Lavelle H. Arnold, reimbursement for
funeral luncheon $223.69
Administrative Expenses
12/09/08 PPL Electric Utilities $42.82
12/ 11 /08 Summit Locksmith $222.60
12/ 11 /08 Borough of Lemoyne, water/sewer $116.00
12/19/08 PA American Water Co. $52.67
12/19/08 PPL Electric Utilities $60.68
12/30/08 Larmore Scarlett LLP
reimbursement for costs advanced:
Register of Wills:
probate fees $463.00
Advertising fees $265.54
Postage $6.24
Copy of Deed $7.50 $742.28
01/02/09 Lavelle H. Arnold, reimbursement $50.79
01/05/09 Collectors' Rowe, appraisal fee $1,163.00
O 1 /06/09 Eshenaur Fuels, Inc. $251.75
01/06/09 Beiler-Campbell, Pine Grove appraisal fee $350.00
01/06/09 Beiler-Campbell, Indiana Ave. appraisal fee $350.00
01/09/09 Elwood G. Kline, lawn service $180.00
01 /09/09 Lavelle H. Arnold, attendance at 914
Indiana Ave. (11/20/08 and 11/25/08) $100.00
O 1 /09/09 Constance A. Arnold, attendance at 914
Indiana Ave. (11 /24/08 and 12/ 18/08) $200.00
01/09/09 Margaret Bower, attendance at 914
Indiana Ave. (12/04/08, 12/09/08,
12/23/08 and 12/29/08) $320.00
O 1 / 13/09 McNelis Gutter Cleaning Co. $100.00
O 1 /21 /09 PPL Electric Utilities Corp. $62.5 8
$7,660.36
Page 8
O 1 /21 /09 Eshenaur Fuels, Inc. $468.81
02/05/09 Margaret Bower, attendance at 914
Indiana Ave. (01/21/09, 01/22/09) $80.00
02/05/09 Lavelle H. Arnold, attendance at 914
Indiana Ave. (01 /27/09, O 1 /28/09) $100.00
02/05/09 Constance A. Arnold, attendance at 914
Indiana Ave. (01 /06/09, O 1 /07/09
01 / 16/09, 01 / 17/09, O 1 /27/09, 01 /28/09) $200.00
02/05/09 SCCAC, title search $185.00
02/11/09 PPL Electric Utilities Corp. $83.19
02/20/09 SCCAC, title search $140.00
02/20/09 Borough of Lemoyne, water/sewer $120.50
02/20/09 PA American Water Co. $26.28
02/20/09 Bookwalter Painting, deposit $2,880.00
02/20/09 Eshenaurs Fuels, Inc. $23 8.02
02/20/09 Constance A. Arnold, preparation of
house for sale $945.00
02/20/09 Lavelle H. Arnold, preparation fo
house for sale: 2 trips trash removal,
removal of carpet, pad, nails, staples,
tacking, trash in garage, build outside steps $2,280.00
03/13/09 PA American Water Co. $44.06
03/20/09 PPL Electric Utilities $72.91
03/26/09 Faith Nicola, Tax Collector, real estate taxes $918.39
04/01/09 Eshenaur Fuels Inc $324.07
04/06/09 Margaret Bower, attendance at 914
Indiana Ave. (02/25/09, 02/26/09, 03/04/09,
03/05/09, 03/26/09, 03/27/09) $240.00
04/06/09 Lavelle H. Arnold, attendance at 914
Indiana Ave. (02/06/09 and 02/07/09) $100.00
04/06/09 Constance A. Arnold, attendance at 914
Indiana Ave. (03/13/09, 03/14/09, 03/16/09
03/17/09, 03/30/09) $300.00
Page 9
04/13/09 PPL Electric Utilities $36.12
04/13/09 PA American Water Co. $31.50
05/13/09 Borough of Lemoyne, water/sewer $120.50
05/13/09 PPL Electric Utilities $21.06
OS/ 13/09 PA American Water Co. $18.72
05/13/09 Haars Auction, sale of remaining personal
property $280.60
05/13/09 Constance A. Arnold, attendance at 914
Indiana Ave. (04/ 12/09, 04/ 18/09, 04/26/09
05/02/09) $325.92
05/13/09 Margaret Bower, attendance at 914
Indiana Ave. (04/05/09, 04/ 11 /09, 04/ 19/09
04/25/09) $160.00
05/13/09 Eshenaur Fuels Inc. $197.91
06/01/09 Allstate Insurance Company, homeowners $564.78
06/09/09 Stephen Brink Constructions, repairs $879.00
06/09/09 Know Swett, repairs $50.00
06/ 12/09 PA American Water Co. $18.72
06/12/09 PPL Electric Utilities Corp. $20.95
06/ 19/09 Constance A. Arnold, attendance at 914
Indiana Ave. (OS/ 17/09-05/23/09) $100.00
06/19/09 Margaret Bower, attendance at 914
Indiana Ave. (05/07/09-05/08/09,
05/14/09-05/15/09, 05/26/09-05/29/09) $240.00
06/23/09 Bookwalter Painting $1,900.00
07/01/09 Elwood G. Kline, lawn service $160.00
07/01/09 Faith A. Nicola, tax collector $1,837.78
07/20/09 PA American Water Co. $18.75
07/20/09 Home Paramount, termite treatment $954.00
07/20/09 PPL Electric Utilities $17.71
07/31 /09 Lavelle H. Arnold, cost of rug, pad and
installation of carpet by Lowes $892.94
07/31 /09 Constance A. Arnold, attendance at 914
Indiana Ave. (06/ 11 /09-06/ 12/09;
06/ 14/09-06/20/09) $200.00
Page 10
07/31/09 Margaret Bower, attendance at 914
Indiana Ave. (06/04/09-06/05/09; 06/24/09-
06/25/09; 07/01 /09 to 07/02/09)
08/04/09 Lavelle H. Arnold, reimbursement for key
cut, door mat & mileage
08/04/09 Bookwalter Painting, balance
08/ 18/09 PA American Water Co.
08/ 18/09 PPL Electric Utilities Co.
08/ 18/09 Borough of Lemoyne, water/sewer
08/18/09 Constance A. Arnold, attendance at 914
Indiana Ave. (07/05/09-07/ 11 /09; 07/ 12/09-
07/ 18/09)
08/ 18/09 Margaret Bower, attendance at 914
Indiana Ave. (07/22&23/09; 07/29&30/09)
09/ 19/09 John D. Lemke, reimbursement for
humidifier and hose
09/ 11 /09 Constance A. Arnold, attendance at 914
Indiana Ave. (08/05&08/06; 08/28&08/29)
09/ 12/09 Elwood G. Kline, lawn service
09/ 11 /09 Christopher Lemke, attendance at 914
Indiana Ave. (08/ 10/09 and 08/ 11 /09)
09/ 11 /09 Margaret Bower, attendance at 914
Indiana Ave. (08/ 19/09 and 08/20/09)
09/22/09 PA American Water Co.
09/22/09 PPL Electric Utilities
09/25/09 Constance A. Arnold, attendance at 914
Indiana Ave. (09/07/09 and 09/08/09)
09/25/09 Margaret Bower, attendance at 914
Indiana Ave. (09/07/09 and 09/08/09)
10/ 12/09 PA American Water Co.
10/ 19/09 John D. Lemke, proceeds of pool table
purchased by buyer of real estate
$240.00
$26.3 8
$4,050.00
$20.18
$15.45
$120.50
$200.00
$160.00
$168.86
$200.00
$120.00
$100.00
$80.00
$20.18
$32.82
$100.00
$80.00
$41.27
$1,875.00 $30,809.00
Page 11
Federal and State Taxes
04/ 13/09 PA Department of Revenue, 2008 income tax
02/17/09 Register of Wills, Agent: PA Inheritance tax:
On account $18,727.64
Less 5% discount $936.38
$97.00
$17,791.26 $17,888.26
Fees and Commissions
04/13/09 Fenstermacher & Co., 2008 tax preparation
07/28/09 John D. Lemke, 2/3 Executors fee
07/28/09 Larmore Scarlett LLP
2/3 attorney fee $11, 3 3 3.00
costs advanced:
Certified letter costs $26.99
Fedex costs $20.65
Sovereign Bank charges $120.62
08/21 /09 John D. Lemke, balance of Executors fee
10/19/09 Larmore Scarlett LLP,
Balance of attorney fee $5,667.00
~h~rt certificates ~~~_~~
Certified mail costs $20.10
$530.00
$10,000.00
$11,501.26
$5,000.00
$5,717.10 $32,748.36
$90,665.55
Distribution to Beneficiaries
TO: John S. Lemke
Bequest
$2,500.00
Page 12
TO: Kristen A. Shelby
Bequest $2,500.00
TO: Andrew L. Arnold
Bequest $2,500.00
TO: Todd W. Arnold
Bequest $2,500.00
TO: Amy A. Hunt
Bequest $2,500.00
TO: Peter Lemke
Bequest $2,500.00
TO: Molly Lemke
Bequest $2,500.00
TO: Timothy Ian Lemke
Bequest $2,500.00
Page 13
TO: Hans D. I.,emke
Bequest $2,500.00
TO: Nicole V. Lemke
Bequest $2,500.00
TO: John D. Lemke
1 /5 Residue consisting of:
Personal property $1,272.00
08/21 /09 Cash $20,000.00
10/15/09 Cash $23,087.49 $44,359.49
TO: Constance Arnold
1 /5 Residue consisting of:
Personal property $916.00
10/15/09 Cash $43,443.50 $44,359.50
TO: Timothy A. Lemke
1 /5 Residue consisting of:
Personal property $504.00
10/15/09 Cash $43,855.50 $44,359.50
Page 14
TO: Philip C. Lemke
1 /5 Residue consisting of:
Personal property
10/15/09 Cash
TO: Christopher T. Lemke
1 /5 Residue consisting of:
Personal property
02/20/09 Cash
10/15/09 Cash
$4,495.00
$39,864.50
$44,359.50
$0.00
$25,000.00
$19,359.50 $44,359.50 $246,797.49
Principal Balance on Hand
Wachovia Bank Estate checking
Vanguard Int. Treas. Fund
INCOME
11 /28/08 Dividend $25 8.66
12/08/08 Dividend $51.16
12/12/08 Dividend $36.47
$23,691.59
$346.29
Page 15
$2,000. Barclays Bank, 14.125%,
12/12/08 Dividend
300 shares Macquarie Infrastructure Co.
12/10/08 Dividend
Stifel Nicolaus money market account
11/28/08 Dividend
12/ 17/08 Dividend
12/22/08 Dividend
$23.54
$60.00
$1.03
$0.50
$0.13 $1.66
300 shares Blackrock Debt Strategies Fund
12/ 18/08 Dividend
Midcoast Bank estate savings account
06/01 /09 Interest
Wachovia Bank estate savings account #1
O 1 /09/09 Interest
02/09/09 Interest
03/ 10/09 Interest
03/21 /09 Interest
$194.77
$245.73
$170.55
$40.32
$14.40
$184.95
$651.37
Page 16
Wachovia Bank estate savings account
07/09/09 Interest $7.99
08/10/09 Interest $8.23
08/21 /09 Interest $0.64 $16.86
Wachovia Bank estate checking account
01 /09/09 Interest
02/06/09 Interest
03/09/09 Interest
04/09/09 Interest
05/08/09 Interest
06/08/09 Interest
07/09/09 Interest
08/ 10/09 Interest
09/ 10/09 Interest
10/09/09 Interest
$0.24
$1.17
$0.96
$0.48
$0.37
$0.53
$1.15
$0.28
$0.42
$3.74 $9.34 $1,308.41
INCOME BALANCE ON HAND
Wachovia Bank estate checking account
Combined Balance on Hand
Date: ~1~1 ~~
$1,308.41
$25,000.00
ESTATE OF ROSE A. LEMKE, DECEASED
v
Executor
Page 17
John D. Lemke, Executor of the Estate of Rose A. Lemke,
deceased, hereby declares under oath that he has fully and faithfully discharged the
duties of his office; that the foregoing Account is true and correct and fully
discloses all of the significant transactions occurring during the Accounting period;
that all known claims against the estate have been paid in full, that to his
knowledge there are no claims now outstanding against the Estate; and that all
taxes presently due from the estate have been paid.
John D:~,emke
COMMONWEALTH OF PENNSYLVANIA:
COUNTY OF CHESTER:
On the ~`~ day of , 2010, before me, the
undersigned officer, personally appe red JOHN . LEMKE,
known to me (or satisfactorily proven) to be the person whose name is
subscribed to in the within instrument and acknowledge that she executed the
same for the purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
Novuru-~ ~~~ ~
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coon. ~a~ opt zs, zo> > 1 ~ _/~ rn~nnoN
Page 18
I hereby certify that I have reviewed
the above Account and find it to be
in conformity with the Rules of Court.
~~
Page 19