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HomeMy WebLinkAbout03-11-10 (2)J'I.1~~a5 ~? 4 CI7 A CisX ' __.. l .7 FAMILY AGREEMENT ~~~ ~~ w This Agreement entered into this 25a' da of Febru y ``' Roger G. Heller in his capacity as Executor under the wil~dated July 9,1 006,eof Glenroy G. Heller, Deceased, and Roger G. Heller and Evelyn Heller, residuary legatees of the estate. For purposes of this agreement, when Roger G. Heller is referred to in his fiduciary capacity, the term "Executor" will be used and, when he is referred to in his individual capacities, he will be referred to by his first and last names. BACKGROUND 1. Glenroy G. Heller ("Decedent") died on March 19, 2007, a resident of 1149 Myerstown Road (Dickinson Township), Gardners, Cumberland County, PA, leaving a will dated July 19, 2006. 2. Decedent's will was admitted to probate by the Register of Wills of Cumberland County on March 29, 2007, and letters testamentary were issued to Roger G. Heller as Executor. 3. In his will, Decedent named his son, Roger G. Heller, and his daughter-in-law, Evelyn Heller, as sole beneficiaries of his estate, thus the residuary legatees. 4. The Executor advertised the grant of letters Testamentary, prepared and filed an Inventory of Decedent's property and prepared and filed a Pennsylvania Inheritance Tax Return and federal and state income tax returns and paid the appropriate taxes thereon. 5. The Executor has paid all the general legatees and all the taxes, debts and expenses of the estate known to them, and they have no knowledge of any unpaid claims, absolute or contingent, which may be asserted against the estate nor do they have any reason to believe there are any such claims. 6. The Executor has distributed the net assets of the estate to Roger G. Heller and Evelyn Heller the residuary legatees named in the will. 7. A statement reflecting all estate receipts, disbursements and distributions are annexed here to as Exhibit A. 8. The Executor, Roger G. Heller and Evelyn Heller all desire that this Family Agreement make unnecessary the filing an accounting in the Orphans' Court Division of the Court of Common Pleas of Cumberland County. '"A 3 G ~ "~ C :~`] +,_~ n-t +'i-i _ ~ C.3 ~-, c =~, ~- ~; -~,,. .:.~ •a 1v~ NOW THEREFORE, intending to be legally bound, the parties do hereby: 1. Waive the filing of an account of the administration of the estate in any court; 2. Declare that the undersigned have each examined the attached informal account (and statement/schedule of distribution) of the Executor; finds it to be true and correct in all particulars; accept and approve it with the same force and effect as if it had been prepared and filed with, audited, adjudicated and confirmed absolutely by a court of competent jurisdiction; and as if the balance of principal and income had been awarded by the Court in accordance with the statement/schedule of distribution; 3. Warrant that the beneficiaries named in the informal account and statement/schedule of distribution are the sole remaining parties in interest in the estate and entitled to receive the entire distribution thereof in accordance with the informal account and Statement/Schedule of Distribution; 4. Warrant that the undersigned know of no outstanding and unsatisfied claims against the estate; 5. Approve the distribution of the balance of principal and income shown in the informal account and statement/schedule of distribution to the persons set forth therein; 6. Absolutely and irrevocably release and discharge the Executor, and his heirs, personal representatives, successors and assigns of and from any and all actions, liabilities, claims and demands relating in any way to his administration of the estate and distribution in accordance with the informal account and statement/schedule of distribution and without a court accounting and adjudication; 7. Agree to refund to the Executor any amount of the undersigned's distribution which exceeds the amount to which the undersigned are entitled as the Executor shall determine; 8. Agree to indemnify and hold harmless, the Executor, and his heirs, personal representatives, successors and assigns, from and against any claims, liabilities, loss or expense (including costs and counsel fees) arising from any cause whatsoever, which the Executor may incur as a result of the administration of the estate and its distribution in accordance with this agreement including, but not limited to, any liability for any federal estate taxes, Pennsylvania Inheritance tax or any other death taxes, and any federal or Pennsylvania income taxes, and Pennsylvania personal property taxes, together with any interest and costs incidental thereto, relating in any way to the estate and also including, but not limited to, any assets received or payments or distributions made by reason of any negligence or mistake of law or fact. 9. Roger G. Heller, individually and as Executor waives any right of reimbursement for any loans made to the Estate from the Estate or any of its beneficiaries. 2 1N WITNESS WHEREOF the parties set their respective hands and seals the first day written above. ~.- ~ _ , ~~ ss Rog r G. Heller (Beneficiary) ' ess Evelyn Hell r (Beneficiary) i es ~2S ~~ ~ Rog • G. Heller (Executrix) INFORMAL ACCOUNTING ESTATE OF GLENROY G. HEELER RECEIPTS OF PRINCIPAL Fiduciary Cash or Certificates of Denosit• Acquisition Value Cash PNC (Savings) 8'08 PNC (checking) 1,939.85 Ameriprise Investments 6,477.00 40,676.49 Real Estate 1149 Myerstown Road, Gardners, PA 145,000.00 Other: Various Household items 1,000.00 1992 Buick automobile 3,900.00 Total Inventory $ 199,001.42 Receipts Subsequent to Inventory Refunds (Erie Auto Ins., Comcast) 306 16 Railroad Death Benefit . Refund (Shipley Oil) 1,079.30 Excess proceeds Sale of Real Estate 896.02 Refunds (Erie Home Ins. & Fin. Div.) 13,548.87 401 85 Unun Life Ins. . Refund (Mutual of Omaha) 879.36 Refund (Pa Dept. of Rev.) 160.26 Proceeds from Auction 429.91 Other 922.00 Loan from Executor 10,000.00 Loan from Executor 22,070.00 Total Subsequent Receipts $ 50,693.73 TOTAL RECEIPTS OF PRINCIPAL $ 249,695.15 4 DISBURSEMENTS OF PRINCIPAL Debts of Decedent 04/10/07 MetEd 12.49 05/09/07 MetEd 12.79 4/10/07 Carolyn R. McQuillen, Taxes 305.05 Total Debts 330.33 Administration Expenses 04/02/07 Cumberland County Law Journal 75.00 04/10/07 Diversified Appraisal Services 300.00 05/0/07 The Sentinel (Legal adv) 158 81 06/13/07 Register of Wills (Inheritance tax) . 8 500 00 06/13/07 Register of Wills (Inheritance tax) , . 22 070.00 02/24/10 J. Buckley costs Probate fees :Register of Wills 560.00 Register of Wills (tax return) 15.00 Register of Wills (agreement) 15.00 590.00 Total Expenses 31,693.81 Fees & Commissions 04/03/07 Joseph D. Buckley (partial fee) 5 000 00 06/04/07 Joseph D. Buckley (partial fee) , . 1 000 00 08/19/08 Joseph D. Buckley (partial fee) , . 6 900 00 09/03/09 Joseph D. Buckley (partial fee) , . 2 000 00 02/24/10 Joseph D. Buckley (partial fee) , . 600.00 Total fees 15,500.00 Total debts, expenses and fees 47,524.14 5 Distributions to Beneficiarv 07/09/07 Roger Heller and Evelyn Heller division of personal (Tractor and garden tools) 1,000.00 07/09/07 Roger G. Heller (partial distribution) 79 000.00 07/09/07 Evelyn Heller (partial distribution) 79,000.00 04/09/08 Roger G. Heller (partial distribution) 20 000.00 04/09/08 Evelyn Heller (partial distribution) 20 000.00 Total Distributions 199,000.00 Other 04/01/08 Roger G. Heller (partial payment of loan)* 922.00 02/25/10 Roger G. Heller (partial payment of loan)* 2,249.01 Total 3,171.01 TOTAL DISBURSEMENTS 249,695.15 PRINCIPAL BALANCE ON HAND BALANCE REMAINING 0.00 *Roger G. Heller loaned funds to the Estate on two separate occasions for a total of $32,070.00. He received two partial payments on these loans totaling $3,171.01. He and Evelyn Heller have reconciled any amounts owing Roger Heller between themselves and Roger G. Heller waives any and all right for reimbursement from the Estate. 6 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX INHERITANCE TAX DIVISION STATEMENT O F ACCOUNT PU BOX 280601 WIRRISBURG pA 17128-0601 REV-16D7 IX AFP (12.08) DATE 01-05-2009 ESTATE OF HEELER GLENROY G DATE OF DEATH 03-19-2007 FILE NUMBER 21 07-0305 JOSEPH D BUCKLEY COUNTY CUMBERLAND 1237 HOLLY PIKE ACN 101 CARLISLE PA 17013 Amount Remitted MAKE CHECK PAYABLE AND REMIT PAYMENT T0: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment. CUT ALONG THIS LINE ~- RETAIN LOWER PORTION FOR YOUR RECORDS ~ REV-1607 EX AFP C12-08) ~~~ INHERITANCE TAX STATEMENT OF ACCOUNT ^** ESTATE OF HEELER GLENROY G FILE N0. 21 07-0305 THIS STATEMENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN CIN THE NAMED ESTATETESHOWN BEL W009 IS A SUMMARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYMENTS, THE CURRENT BALANCE, AND, IF APPLICABLE, A PROJECTED INTEREST FIGURE. DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 11-24-2008 PRINCIPAL TAX DUE: PAYMENTS (TAX CREDITS): PAYMENT DATE RECEIPT DISCOUNT (+) NUMBER INTEREST/PEN PAID (-) 06-13-2007 CD008286 07-14-2008 CD010007 447.37 08-19-2008 CD010166 .00 12-09-2008 CD010615 987 68- .UO * IF PAID AFTER THIS DATE, SEE REVERSE SIDE FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS LESS THAN tl, NO PAYMENT IS REQUIRED. AMOUNT PAID 8,500.00 151.83 22,070.00 155.75 29,907.36 TOTAL TAX CREDIT 3D,337.27 BALANCE OF TAX DUE 429.91CR INTEREST AND PEN. .00 TOTAL DUE 429.91CR IF TDTAL DUE IS REFLECTED AS A "CREDIT" ICR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. ) PAYMENT: Dotach the top portionof this Notice and subnit with your payaent Wade payable to the naae and address Drinted on the reverse side. If paynent Sf for a RESIDENT DECEDENT. sake check or honey order payable to: Register bt Willa, Agent If paypent if for a NONRESIDENT DECEDENT, ^ake check or honey order payable to: CommoOwealth of Yeggeylvada Failure to pay the tax, interest. and penalty due nay result in the filing of a lien of record in the aDProoriate county. or the issuance of an Orphan's Court citation. REFUND CLR): AAVDlicationafor~Refundt ofwPannsylvania InheritancenandaEstateeTax"rIREV-1313)9uACDlicetionsparelaveilable gnline at avenue state oa us, arty Register of Wills or Revenue Distri et Office, or Eros the Departnent's 24-hour answering service for foras orders: 1-800-362-2050; services for taxpayers with special hearing and/or speaking needs: 1-800-447-3020 CTT only). REPLY TO: Questions regarding errors contained on this notice should be addressed to: PA Departaent of Revenue. Bureau of Individual Taxes. ATTN: Post Assessaant Review Unit. P.O. Box 280601. Narrisburpr PA 17128-0601. phone C717) 787-6505. DISCOUNT: If any tax duo is paid within three (3) calendar ngnths after the decedent's death, a five percent C5X) discount of the tax paid is allowed. PENALTY: The 15X tax ennesty non-perticivetion penalty is coaputed on the total of the tax and interest assessed, and not paid before January 18. 1996, the first day after the end of th• tax annesty period. INTEREST: Interest is charged be0inning with first day of delinquency. or nine I9) nonths and one I11 day from the data of death, to th• date of Daynent. Taxes which becane delinquent before January 1. 1982 bear interest at the rate of six (6X] percent per annun calculated at a daily refs of .000164. All taxes which becane delinquent on and after January 1. 1982 will bear interest at a rata which will vary froa calendar Year to calendar Year with that rate announced by the PA Departnent of Revemre. Rates for Years 1982 through 1999 can be found in the Pennsylvania Resident Instruction Booklet. (REV-1501). the Pennsylvania Non-resident Instruction Booklet CREV-1736) or on the Pennsylvania Dept. ofRavenue web site www.revenu6.state.Da.us. The applicable interest rates for 2000 through 2008 era: Interest Daily Interest Daily Interest Deily Year Rate Factor Year Rate Factor Year Rate Factor gX .000247 2002 6X .000164 2000 BX .000219 2001 .000110 2005 5X .000137 2003 5Y. .000137 2004 4X ,000192 2006 7Y. .000192 2007 8X .000219 2008 7X 2009 5Y. .000137 --Interest is calculated as follows: INTEREST = BALANCE OF TAX UNPAID X NUMBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR --Any Notice issued after the tax beeoaes delinquent will reflect an interest calculation to fifteen I15) days beyond the data of the assessnent. If paynen! is ^ade after the interest coaputation data shown on the Notice, additional interest oust be sal culated. i ~: 0 ~ o > ~ c+~ W ~ o ~ ~ ~ p ~ ` a°o N ~ a ~ v ~ W a O U ° a M o * Z w ~ N ~ > a io * * w it ~ cD ~1 w m ~m ~ V .a ~ I ~~ l ~1 = N Q e ~ _.~ O ~ :~A a d S ~~ $~.~ c~ 0 ze~ooo r N r Z (D ¢ < ~ W N c~ 3 , U H N ~' o o W ~ a } ~ p N ao 0 a Z Q/ ~ J M C7 rn O w o H. cn 6 o ti w 4 . ~ ~~ ~ } d a ~ ~ J Y W ~ a g =ja O Q Q a ¢... = ~ LL ~ gy m} O ~ J W ° .Y 2 ~ W W S O J o O z u ¢~Q m~ ~ ¢ O Hd2J F-~M~ ° o wow Qz ~ o o ~ ~a> ao 0 VIII I~B VIII VI II IIIN lull SIN II IN IIIN VIII VIII III IN I I II IIII * 4 1 0 0 0 0 0 0 4 2 9 9 1 N .a cD O ru ~' 0 cD .a f 1'9 M J O ~~ C~ J m l L!7 0 ~. ~~ W ~ z W w r LL 0 ~ ~ w C Z ~~ /~• ~ W a aW 0 r~. . ~,. ~-'" N w o J D „ a O ~ ~ rv Q Q.N. °p a°Cc m°= i~ v ~ n C ~ N ~J M ~ ~ ~ ~ ~ ~ ~ C ,4,~ ^~ 1 ` F~1 ~ X ~ n (O U ~--1 ~"! ~ U 41 ~ O ~ L J..i ~, .~ _ C C = O ~ O Q (n v-. O Q ~ C C ~ O N QJ C rip 'D J., Q~ (~ ~ fl. ~ (~'~ N L ~ +-~ O C ~ O O O O >. in ~ O O Yea-' ~ O ~ ~'' ~ OJ U ~ C C ~0 ~ i 3 U ~ v (J 3 L ~ u~ O ~ +-~ ~ v ~ ~ ~ ' ~ C ' " C w w ro ~ a PROOF OF PUBLICATION State of Pennsylvania, County of Cumberland Tammy Shoemaker Classified Advertising Mier , of The Sentinel, of the County and State aforesaid, being duly sworn, deposes and says that THE SENTINEL, a newspaper of general circulation in the Borough of Carlisle, County and State aforesaid, was established December 13u,1881, since which date THE SENTINEL has been regularly issued in said County, and that the printed notice or publication attached hereto is exactly the same as was printed and published in the regular editions and issues of THE SENTINEL on the following day(s) Avri113 20 27 2007 COPY OF NOTICE OF PUBLICATION Affiant further deposes that he/she is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statement as to time, place and character of p blication are true. Sworn to and subscribed before me this 01st day of M_ a_ y 2007. Notary P is My commission expires: ~~l ~~g COMMONWEALTH OF RENNSYLVANIA Notarial Seal Chistlna L. WoUe, Notary PtaVllo CarNele 90M11. CIll11l)e1f3110 COWI~r My OomnAssior- Expres Sept 1.2008 Mamba. PermsytvaMa Asaodaaon Of Notaries PROOF OF PUBLICATION OF NOTICE IN CUMBERLAND LAW JOURNAL (Under Act No. 587, approved May 16, 1.929), P. L.1784 COMMONWEALTH OF PENNSYLVANIA : COUNTY OF CUMBERLAND ~ ss. oregoing statements as to time, place and character ofpublication are true. Lisa Marie Coyne, Esquire, Editor of the Cumberland Law Journal, of the County and State aforesaid, being duly sworn, according to law, deposes and says that the Cumberland Law Journal, a legal periodical published in the Borough of Carlisle in the County and State aforesaid, was established January 2, 1952, and designated by the local courts as the official legal periodical for the publication of all legal notices, and has, since .ianuary 2, 1952, been regularly issued weekly in the said County, and that the printed notice or publication attached hereto is exactly the same as was printed in the regular editions and issues of the said Cumberland Law Journal on the following dates, viz: April 13, 20, 27, 2007 Affiant further deposes that he is authorized to verity this statement by the Cumberland Law Journal, a legal periodical of general circulation, and that he is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the f Heller, Qlea~T d., decd. Late of Dickinson Township. Executor. Roger G. Heller c/o The Law Offices of Joseph D. Buckley, 1237 Holly Pike. Caz- llsle, PA 17013, (717) 249-2448. Attorney: Joseph D. Buckley, Esquire. 1237 Holly Pike, Carlisle. PA 17013. Marie Come, itor SWORN TO ANl) SUBSCRIBED before me this 27 day of _ Agri 1 2007 NOTARIAL SEAL " LOTS E. SNYDER, Notary PubNc Carlisle Boro, Cumberland County My Commission Expires March 5, 20l)9