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Home My WebLink About07-02-10 (2)F:\F7LES\ClimtsU120 King\3120.1.account.furroyl IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PA ORPHANS' COURT DIVISION FILE N0.21-09-0983 FIRST AND FINAL ACCOUNT OF EDWARD H. KING, EXECUTOR OF THE ESTATE OF LEE V. KING, LATE OF SOUTH MIDDLETON TOWNSHIP, CUMBERLAND COUNTY, PENNSYLVANIA Social Security Number: Tax lD Number: Date of Death: Date of Incapacity, if any Date of Executor's Appointment: Letters Advertised: entinel - Cumberland Law Journal - Accounting for the period: 159-24-8621 27-6273098 10/07/2009 None 10/20/2009 10/24 & 31; 11/07/2009 10/30; 11/6 & 13/2009 10/07/09-07/01/10 Purpose of the Account: Edward H. King, Executor, 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 ih~formation or questions or objections can be discussed with: No V. Otto III, Esquire MARTSON LAW OFFICES 10 East High Street Carlisle, PA 17013 (717) 243-3341 Supreme Court No. 27763 a ~ ~ ~ rc- ~. 1 v cri N ~~~ ~ ~~ N 0 iv 0 ~31~,`~p9•° ~~; r r ~ :"j ~_~? '. ~~~~! ~~~ C~ .":' r`r~ ~:~ ~"} °., SUMMARY OF ACCOUNT PaSe Fiduciary No. Acquisition Value PRINCIPAL Receipts 3 316,259.38 Net Gains (Losses) on Disposition 3 8,641.00 Less Disbursements Debts of Decedent Funeral Expenses Administration Expenses Family Exemption Federal, State & Local Taxes Fees and Commissions Balance Before Distributions Distributions to Beneficiaries Principal Balance on Hand For Information: Investments Made Changes in Investment Holdings INCOME Receipts Less Disbursements Balance Before Distributions Distributions to Beneficiaries Income Balance on Hand COMBINED BALANCE ON HAND 4 1,553.31 4 10,790.04 4 1,204.70 4 0.00 4 34,604.18 4 8,000.00 5 5 5 5 5 239.38 6 0.00 6 6 324,900.38 - 6 152.23 268,748.15 -237.702.45 31,045.71 239.38 -239.38 0.00 04 .71 -2- PRINCIPAL RECEIPTS Assets Listed in Inventory (or Inheritance Tax Return) Real Estate 703 Forge Road, Carlisle, South Middleton Township 13.72 acres, mountain land, Lower Frankford Township Bank Accounts Citizens Bank, Checking #610073-466-8 Citizens Bank, C.D. #6140-728258 Citizens Bank, C.D. #6244-693235 Personal Effects 1987 Chevrolet Caprice 1985 Dodge D150 half-ton pick-up 1970 Oliver tractor Household furnishings and remaining personal property Other Prudential, 10/10/09 annuity payment Royal Neighbors, premium refund CenturyLink, refund Adiustments to Inventory None Subsequent Receipts Matthew Kutz, real estate tax proration TOTAL PRINCIPAL RECEIPTS 703 Forge Road, Carlisle, South Middleton Township: 10/07/09 Fiduciary Acquisition Value 141,359.00 06/30/10 Sale Proceeds 150.000.00 NET GAIN TRANSFERRED TO SUMMARY Gain 8,641.00 $ 8,641.00 Fiduciary Acquisition Value 141,359.00 26,359.00 24,674.67 95,023.43 22,652.83 800.00 1,500.00 600.00 1,500.00 170.18 1,443.51 21.63 0.00 155.13 $ 3116,259.38 Loss -3- PRINCIPAL DISBURSEMENTS DEBTS OF DECEDENT Yellow Breeches EMC, outstanding check SMTMA, water/sewer, 7/1/09-9/30/09 Met-Ed, electric, 9/16/09-10/14/09 Kough's Oil Service Met-Ed, electric, 10/15-11/16/09 Met-Ed, electric, 11/17-12/16/09 West Shore EMS-Carlisle Robert C. Cairns, tax certification fee SMTMA, water/sewer payable at settlement FUNERAL EXPENSES Ewing Brothers Funeral Home ADMINISTRATION EXPENSES 12/30/09 Martson Law Offices, costs advanced 12/30/09 Register of Wills, filing and additional probate fees Reserved Filing fees for account and other miscellaneous expenses FAMILY EXEMPTION None FEDERAL. STATE & LOCAL TAXES 12/30/09 Register of Wills, Inheritance Tax 06/30/10 County of Cumberland, Realty Transfer Tax FEES AND COMMISSIONS 12/30/09 Martson Law Offices, interim attorney fees Reserved Martson Law Offices, final attorney fees TOTAL PRINCIPAL DISBURSEMENTS: 40.00 101.00 31.55 299.39 22.04 15.52 930.51 5.00 108.30 1,553.31 1!0,790.04 589.70 115.00 500.00 1,204.70 0.00 33,104.18 1.SOO.pp 341,604.18 3,000.00 5.000.00 8000.00 $ 56,152.23 -4- PRINCIPAL DISTRIBUTIONS TO BENEFiria~Es To: Edward H. King, in partial satisfaction of gift under Article 3 of Will 1987 Chevrolet Caprice 1985 Dodge D 150 half-ton pick-up 1970 Oliver tractor Household furnishings and remaining personal property 12/30/09 Cash 06/30/10 Cash TOTAL PRINCIPAL DISTRIBUTIONS TO BENEFICIARIES PRINCIPAL BALANCE ON HAND Value at [ Datej Real Estate 13.72 acres, mountain land, Lower Frankford Township Estate Checking Account (less reserved funds) TOTAL PRINCIPAL BALANCE ON HAND 800.00 1,500.00 600.00 1,500.00 84,760.62 48 541.83 $ 237,702.45 Fiduciary Acquisition Value 26,359.00 26,359.00 4,686.70 4 6g6,~p 31,045.70 31,045.70 PRINCIPAL INVESTMENTS MADE None CHANGES IN PRINCIPAL HO DINGS None RECEIPTS OF INCOME Citizens Checking #6100734668, add'1 interest on closing Citizens C.D. #6244693235, add'1 interest through closing Citizens C.D. #6140728258, add'1 interest through closing TOTAL RECEIPTS OF INCOME 0.89 45.89 192.60 $ 239.38 -5- DISBURSEMENTS OF INCOME None TOTAL DISBURSEMENTS OF INCOME DISTRIBUTIONS OF INCOME TO BENEFICIARIES To: Edward H. King: 12/30/09 Cash TOTAL DISBURSEMENTS OF INCOME TO BENEFICIARIES INCOME BALANCE ON HAND Estate Checking Account TOTAL INCOME BALANCE ON HAND $ 0.00 $ 0.00 $ 239.38 $ 239.38 Value at Fiduciary [Date) Acquisition Value 0.00 0.00 $ 0.00 $ 0.00 Edward H. King, Executor of the Will of Lee V. King, Deceased -6- VERIFICATION Edwazd H. King, Executor of the Will of Lee V. King, deceased, hereby declazes under oath that he has fully and faithfully dischazged the duties of his office; that the foregoing First and Final Account is true and correct and fully discloses all significant transactions occurring during the accounting period; that all known claims against the Estate have been paid in full; that, to his knowledge, there aze no claims outstanding against the Estate; that all taxes presently due from the Estate have been paid; and that the grant of Letters Testamentary and the fist complete advertisement thereof occurred more than four months before the filing of the foregoing First and Final Account. This statement is made subject to penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. Dated: _ ~p ~D / ! O Edwazd H. ICmg -~-