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HomeMy WebLinkAbout07-02-10 082-01-1351 I, 26-6862.586 ~!, Apri12, 2009 None ~I Apri121, 200 May 1, 2009 ~!, Apri12, 2009 i 2010 FIRST AND FINAL ACCOUNT OF KATHRYN N. MILLER, EXECUTRIX For ESTATE OF KATHERINE P. NEIER, DECEASED ~~av, 0 8~/, 2 g Apri130, Wayne F. Shade, Esq ire 53 West Pomfret Stre t Carlisle, Pennsylvania 17013 717-243-0220 Supreme Court LD. N~. 15712 ~ ~ '~ `-' : =~' ~ ~~ , fV <~_; {~,~ ~~~a ~© ~ O ~ ~~ :-~- ~ ~ r-ry w `~' ~ 4'7 ~ IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PA ORPHANS' COURT DIVISION FILE N0.21-09-3 79 Social Security #: Tax ID #: Date of Death: Date of Incapacity, if any: Date of Appointment: Date of First Complete Advertisement: Accounting for the period: Purpose of Account: The Executrix offers this Account to acquaint interested parties with the transactions that have occurred during the Administration. It is important that the Account be carefully examined. Requests for additional information, questions or objections can be discussed with: _- SUMMARY OF ACCOUNT PRINCIPAL, PAGES Receipts 3 $718,506.50 Net Gain or Loss on Sales or Disposition 6 ~, 12,408.71 Net Gain or Loss on Distributions to Kathryn 7 '~ N. Miller in Kind ~, 41,723.91 Less Disbursements: ~', Debts of Decedent 8 $(1,908.02) ~ Funeral Expenses 8 (1,896.68) ~~, Administration Expenses 8 (1 301.16) I' Federal, State & Local Taxes 9 (34,961.16) I~! Fees and Commissions 9 (12-260.pQ~ II j;~2 327 Balance before Distributions I, - (720,312.10) Distributions to Beneficiaries 9 1~68~01~ Principal Balance Remaining '~ '~~ $30,422.09 INCOME Receipts 10 $12,644.28 Less Disbursements 10 None ' Income Balance Remaining 10 '' ~~, 12,•6 COMBINED BALANCE REMAINING I 43,066.37 Verification 11 I, -2- PRINCIPAL RECEIPTS 4/ 2/09 Smith Bazney, bank deposit program 4/ 2/09 1,025.01 shaees of Hershey Company 4/ 2/09 1,160.69 shaees of Hartford Inflation Plus 4/ 2/09 1,233.79 shaees of Advent/Claymore Enhanced 4/ 2/09 2,731 shaees of Onstown Financial 4/ 2/09 2,803 shaees of Liberty All-Star Eq. Fd 4/ 2/09 3,295.82 shaees of Zweig Total Return Fd 4/ 2/09 3,656 shaees of Western Asset High Inc Fd 4/ 2/09 5,248.25 shaees of Helios High Inc Fd 4/ 2/09 8,374.97 shaees of Helios Strategic Inc. 4/ 2/09 21,000 shaees of Motorola Inc Deb 4/ 2/09 37,000 shares of Spring Cap Corp Co Guaz 4/ 2/09 60,000 shaees of Fed Natl Mtg Assn 4/ 2/09 75,000 shaees of Century Tele Enter. 4/ 2/09 125,000 shaees of Gen Elec Cap Corp 4/ 2/09 160,000 shaees of Tobacco Settl Fin 4/ 2/09 Miller mortgage 4/ 2/09 .Coulson mortgage 4/30/09 M&T Bank, account # 525669 5/20/09 Diakon Lutheran Social Ministries, refund of nursing home fees 6/26/09 Kathryn N. Miller, purchase of 25% of the Miller and Coulson mortgages TOTAL PRINCIPAL RECEIPTS -3- $17,169.03 I' 36,603.36 12,605.10 9,857.99 65,544.00 8,605.21 10,579.59 20,729.52 5,510.67 7,202.48 13,230.00 ', 23,633.75 ~I 60,056.40 I'~, 51,750.00 98,493.75 101,582.40 84,011.72 32,965.57 ~, 29,100.31 31.33 ~~29, 44 $'~ 18,506.50 PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS 5/18/09 308 Shares of Advent/Claymore (LCM) Net proceeds $2,453.10 Acquisition value 2,460.92 5/18/09 19,000 Century (CTL.GD) Net proceeds $13,389.00 Acquisition value 13,110.00 5/18/09 32,000 General Electric (GE.GTC) Net proceeds $28,634.00 Acquisition value 24,960.00 5/18/09 290.173 Shazes Hartford (HIPIX) Net proceeds $3,151.28 Acquisition value 3,1 S 1.28 5/18/09 1,348 Shazes of Helios High Income (HIH) Net proceeds $1,521.56 Acquisition value 1,415.40 5/18/09 2,163 Shazes Helios Strategic Income (HAS) Net proceeds $2,119.72 Acquisition value 1,860.18 5/18/09 256.25 Shazes of Hershey (HSY) Net proceeds $8,788 85 Acquisition value 9,144.32 5/18/09 700 Shazes of Liberty (USA) Net proceeds $2,242.58 Acquisition value 2,149.00 5/18/09 6,000 Motorola (MOT.GG) Net proceeds $3,684.00 Acquisition value 3,780.00 5/18/09 682 Shares of Orrstown (ORRF) Net proceeds $17,452.12 Acquisition value 16,368.00 GAIN $279.00 3,674.00 106.16 259.54 ~I ~i ~I I 93.58 1,084.12 LOSS $(7.82) (355.47) (96.00) -4- 5/18/09 10,000 Sprint ((S.GJ) Net proceeds $6,394.00 94.00 Acquisition value 6,300.00 ' 5/18/09 914 Shares Western Asset High Income (HIX) 684 18 '~ Net proceeds $5,866.56 . I Acquisition value 5,182.38 I 5/18/09 832 Shares of Zweig Total Return (ZTR) II Net proceeds $2,633.85 Acquisition value 2,687.36 '' 5/19/09 40,000 Tobacco ~I Net proceeds $31,845.60 6,645.60 Acquisition value 25,200.00 5/19/09 .4584 Shares of Advent/Claym ore (LCM) Net proceeds $3.66 Acquisition value 3.66 !~ 5/19/09 .72 Shares of Helios High Income (HIH) Net proceeds $ 79 .04 ~ Acquisition value .75 ' 5/19/09 .82 Shares Helios Strategic Income (HAS) II Net proceeds $.79 .09 Acquisition value .70 I', 5/19/09 .25 Shares of Hershey (HSY) Net proceeds $8 52 ', Acquisition value 8 93 i I 5/19/09 .75 Shares of Liberty (USA) I! Net proceeds 44 $2 .14 ~ Acquisition value . 2.30 ~ 5/19/09 .75 Shares of Orrstown (OR.RF) ~I Net proceeds $19.47 1'47 !~ Acquisition value 18.00 ~ (53.51) (.41) 5/19/09 .O1 Shares of Zweig Total Return (ZTR) Net proceeds $.03 Acquisition value .03 TOTALS $12,921.92 I, $(513.21) NET TRANSFERRED TO SUMMARY ~' $12,408.71 I,_ PRINCIPAL GAINS OR LOSSES ON DISTRIBUTIONS TO KATHRYN N. MILLER IN KIND '', 5/14/09 925.34 Shares of Advent/Claymore (LCM) Distribution value $7,615.54 Acquisition value 7,393.47 5/14/09 56,000 Century (CTL.GD) Distribution value $40,460.00 Acquisition value 38,640.00 5/14/09 93,000 General Electric (GE.GTC) Distribution value $86,415.68 Acquisition value 73,274.70 5/14/09 870.52 Shares Hartford (HIPIX) Distribution value $8,427 73 Acquisition value 9,453.85 5/14/09 4,046.17 Shares of Helios High Income (HIH) Distribution value $4,612.63 Acquisition value 4,248.48 5/14/09 6,491.47 Shares Helios Strategic Income (~S) Distribution value $6,166.89 Acquisition value 5,582.66 5/14/09 768.76 Shares of Hershey (HSY) Distribution value $27,060.35 Acquisition value 27,460.11 $222.07 1,820.00 13,140.98 $(26.12) 364.15 584.23 (399.76) -6- 5/14/09 2,102.25 Shares of Liberty (USA) Distribution value $7,021.51 Acquisition value 6,453.91 5/14/09 15,000 Motorola (MOT.GG) Distribution value $11,099.16 Acquisition value 9,450.00 5/14/09 2,048.25 Shares of Orrstown (ORRF) Distribution value $55,302.75 Acquisition value 49,158.00 5/14/09 27,000 Sprint ((S.GJ) Distribution value $17,554.69 Acquisition value 17,244.90 5/14/09 120,000 Tobacco Distribution value $94,506.00 Acquisition value 97,512.00 5/14/09 2,742.00 Shares Western Asset High Income (HIX) Distribution value $18,645.60 Acquisition value 15,547.14 5/14/09 2,496.02 Shares of Zweig Total Return (ZTR) Distribution value $8,241.85 Acquisition value 8,012.22 5/14/09 Bank Deposit Program Distribution value $34,194.00 Date of death value 17,169.03 TOTALS NET TRANSFERRED TO SUMMARY -7- 567.60 1,649.16 6,144.75 309.79 ' (3,006.00) 3,098.46 229.63 17,024.97 $45,155.79 $41,723.91 ~-3,431.88 PRINCIPAL DISBURSEMENTS DEBTS OF DECEDENT 4/ 4/09 Quality Care, pharmaceuticals 4/22/09 Diakon Lutheran Social Ministries, resident account balance 5/27/09 Continuing Care Rx, uninsured medical expenses 6/ 5/09 Medical Staffing Network, Inc., nursing care TOTAL DEBTS OF DECEDENT F~~- EXPENSES 5/ 5/09 Kathryn N. Miller, reimbursement for Rev. Dr. Kin Counts, memorial service g 5/ 5/09 Leslie K. Miller, funeral food 5/29/09 Cumberland Crossings, funeral food 6/ 5/09 Hoffman_Roth Funeral Home & Crematory, Inc., funeral expenses TOTAL FUNERAL, EXPENSES `4DMINISTRATION EXPENSES 5/ 5/09 Wayne F. Shade, Esquire, reimbursement for Probate Cumberland Law Journal, advertise $563.00 Letters Testamentary 5/22/09 ~`~ The Sentinel, advertise Letters Testamentary 9/25/09 Register of Wills, file inheritance tax return 4/30/10 Register of Wills, reserve for filing Account, etc. TOTAL AD~S~TION EXPENSES -8- $59.02 366.70 399.30 1-U8 00 $1,908.02 $100.00 32.56 265.00 I, 1.4~ 1,896.68 '~ i $638.00 198.16 15.00 450 pp $1~h301.16 II FEDERAL, STATE AND LOCAL TAXES 6/26/09 Register of Wills, estimated inheritance tax 9/25/09 Register of Wills, Agent, inheritance tax 4/30/10 Internal Revenue Service, reserve for income taxes 4/30/10 Pennsylvania Department of Revenue, reserve for income taxes TOTAL FEDERAL, STATE AND LOCAL TAXES FEES AND COMMISSIONS 12/ 7/09 Smith Elliott Kearns & Com $28,000.00 1,461.16 II 5,000.00 500.00 $34,961.16 parry, accounting fees I $880.00 4/30/10 Wayne F. Shade, attorney fees I~' 4/30/10 Smith Elliott & Kearns, reserve for accounting fees 10,500.00 II 880.00 TOTAL FEES AND COMMISSIONS I I, $12,260.00 i TOTAL PRINCIPAL, DISBURSEMENTS ~I $52,327.02 DISTRIBUTIONS OF PRINCIPAL TO BENEFIC !, IARIES 4/21/09 Kathryn N. Miller, Miller mortgage $84,011.72 4/21/09 Kathryn N. Miller, Coulson mortgage ~' 5/ 5/09 Kathryn N. Miller 32,965.57 5/14/09 Kathryn N. Miller 200.00 I' 28,324.38 5/27/09 Thomas D. Neier, Jr. ~ 5/27/09 Garrett C. Neier I 24,063.92 2 5/27/09 Christopher C. Neier ,. 4,066.33 24,066.33 5/27/09 Brian E. Miller 5/27/09 Stephanie E. Coulson ',24,063.92 5/27/09 Leslie K. Miller X4,063.92 4 TOTAL DISTRIBUTIONS OF PRINCIPAL ~ ~ $69,890.01 INCOME RECEIPTS 1/31/10 Smith Barney TOTAL INCOME RECEIPTS '~~ ~2$ $12,644.28 INCOME DISBtTRSEMENTS 4/30/10 None TOTAL INCOME DISBURSEMENTS I None ~I DISTRIBUTIONS OF INCOME TO BENEFICIARI 4/30/10 None E~ TOTAL DIST BUTTONS OF PRINCIP I, None AL -10- VERIFICATION KATHRYN N. MILLER, Executrix of the Will of Katherine P. Neier Dec eased, hereby declares under oath that she has fully and faithfully dischar ed the g duties of her office; that the foregoing First and Final Account is true and correct and fu 11~ discloses all significant transactions occurring during the accounting period; that all kn own claims against the Estate have been paid in full; that, to her knowledge, there are no Maims outstanding against the Estate; that all taxes presently due from the Estate hav b le een paid; and that the grant of Letters Testamentary and the first complete advertisem ~I end thereof occurred more than four months before the filing of the foregoing First and Fi,,, al Account. `r This statement is made subject to penalties of 18 Pa. C.S.A. §4904 relati I~g to unsworn falsification to authorities. Date: June 30, 2010 ~I // Kathryn N filler -11-