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Home My WebLink About06-02-10In the Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. 2009-00077 Estate of Lowell D. Mann, Deceased Late of Township of Upper Allen Statement Account (Family Settlement Agreement) with Release Attached Eric L. Mann, Executor Date of Death: 01/05/2009 Date of Executor's Appointment: 01/23/2009 Date of First Complete Advertisement: Accounting for the period: 01/05/2009 to 05/19/2010 Purpose of Account: Eric L. Mann, Executor, offers this Account to acquaint interested parties with the transactions that have occurred during the Administration. h is important that the Account be carefully examined. Requests for additional information or questions or objections can be discussed with: Andrew L. Saylor Gibbel Kraybill & Hess LLP 41 East Orange Street Lancaster, PA 17602 717-291-1700 ,,,,, Supreme Court I.D. No. 57291 n -.- ~' - ~ 0 n 5.., ~ ,_a tr~~ c c._>::,~, f~~SC7 ~ ~.:; ==.~ ' - t Z.. Z7 ~~ N _ ~ ~ - ~ == C ~~ '~ .C' `' C i d SUMMARY OF ACCOUNT Estate of Lowell D. Mann, Deceased For the period of ~an~arv~, 2009 thro~~h May 19, 2010 Receipts: This Account 205,230.11 Net Gain (or Loss) on Sales or Other Dispositions 563.09 205,793.20 Less Disbursements: Debts of Decedent 38,785.71 Funeral Expenses 13,200.82 Administration Expenses 43,153.31 Federal, State & Local Taxes 45,853.63 Commissions 5,742.00 Fees 22,500.00 Family Exemption 0.00 167,245.47 Balance Before Distributions 38,547.73 Transfer to (from) Principal 0.00 Distributions to Beneficiaries 16,086.21 Principal Balance on Hand 22,461.52 For Information: Investments Made Changes in Holdings INCOME Receipts This Account 437.00 Net Gain (or Loss) on Sales 0.00 or Other Dispositions 437.00 Less Disbursements 29.00 Balance Before Distributions 408.00 Transfer to (from) Income 0.00 Distributions to Beneficiaries 0.00 Income Balance on Hand 408.00 For Information: Investments Made Changes in Holdings COMBINED BALANCE ON HAND 22,869.52 Signature Verification RECEIPTS OF PRINCIPAL Assets Listed in Inventory (Valued as of Date of Death) Sc88lt1 01/05/2009 Citizens Bank, Checking Account #810075-577-0 - balsnce at death 01/12/2009 CNA -refund of unearned premium 01/29/2009 Freedom Blue PFFS -medical reimbursement 01/05/2009 Messiah Resident's Investment Club -fair market value of decedent's interest in club 05/08/2009 Messiah Village -apartment rebate 05/01/2009 Nationwide Life Insurance Co. of America -Contract #2075108, life insurance payable to estate 03H2/2009 State Farm Insurance -liability limits for medical coverege, Thomas Mann homeowner insurance 05/28/2009 United States Treasury -refund of overpayment on 2007 personal income tax 04/26/2010 United States Treasury -refund with 81ing of 2009 final 1040 04/08/2009 Verizon -refund of overpayment Total Cash l P t P 08/13/2009 ersona roper y 2008 Volvo S803.2 -appraised by Randy Kaufhold, Lehman Volvo, and sold at Total Personal Property Stocks /Listed 01/05/2009 284.0000 shares Bank of New York Mellon (BK) -date of death value 28.01 01/05/2009 1,058.0000 shares Susquehanna Bancshares, Inc. -date of death value 515.19 01/05/2009 237.0188 shares Union National Financial Corp (UNNF.OB) - aharea held in DRIP account, date of death value 4.85 Total Stocks /Listed St k /Cl l H ld 01/05/2009 500.0000 oc s ose y e shares Estari, Inc. - 500 shares Issued March 27, 2008 (formerly Everybook, Inc.). Per letter from Peter Thomas, President, the company is insolvent and the shares have no value. Fiduciary Acquisition Value 4,658.48 455.42 323.64 247.95 60,840.00 6,574.16 5,000.00 2,638.00 416.00 44.55 81,198.21 23,000.00 23,000.00 7,954.84 16,086.21 1,102.14 25,143.19 0.00 RECEIPTS OF PRINCIPAL Continued Total Stocks /Closely Heid B d 01/05/2009 DII S U.S. Savings Series EE Bonds -19 6100 bonds issued 2,389.48 from September, 1890 through March, 1992, name of decedent and Anna Mann (deceased spouse). Date of death value Total Bonds Total Receipffi 02!13/2009 Su6senuent Principal Receipts Citizens Bank, Checking Account #610075-577-0 - 378.39 overdraft Ifne transfer 02!17/2009 Citizens Bank, Checking Account#610075-577-0 - 240.00 overdraft line transfer 02/26/2009 Citizens Bank, Checking Account#610075-577-0 - 6.38 overdraft line transfer 03!11!2009 Citizens Bank, Checking Account #610075-577-0 - 43.17 overdraft Ifne transfer 04!05/2009 Eric L. Mann -cash advances for settlement of estate 36,683.79 04/05/2009 Thomas A. Mann -cash advances for settlement of 36,147.50 estate Total Subsequent Principal Receipts Total Adjustmenffi and Subsequent Receipffi Fiduciary Acquisition Value 0.00 2,389.48 131,730.88 73,489.23 73,498.23 Total Receipffi of Principal 205,230.11 a c~ GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS - PRINCIPAL Ss;sin Lst~ 04H 812009 284.0000 shares Bank of New York Mellon (BK) -shares sold ~ 31.1064774 Net Proceeds 8,824.24 Fiduciary Acquisition Value -7,954.84 869.40 05108!2009 1,059.0000 shares Susquehanna Bancshares, Inc. -distributed in kind at date of death value Net Proceeds 16,086.21 Fiduciary Acquisition Value -18,088.21 0.00 06/25/2008 237.0188 shares Union National Financial Corp (UNNF.OB) - shares sold ~ 3.3999 Net Proceeds 795.83 Fiduciary Acquisition Value -1,102.14 TOTAL GAINS AND LOSSESIPRINCIPAL LESS LOSS NET GAIN OR LOSS -306.31 889.40 -306.31 563.09 DISBURSEMENTS OF PRINCIPAL 01/08/2009 Vsrizon -telephone bill due at death 130.95 01/15/2009 Citizens Bank, Checking Account#610075-577-0 -two 480.00 checks outstanding at death -grandchild tuition at ;240 each 01/15/2009 Messiah Village -payment for nursing care 770.82 01/27/2009 American Express -bill due at death 77.44 02/01/2009 Chase Card Services (United) -credit card bill due at 2,532.35 death (paid by Eric on 1/8/09) 02/04/2009 PPL Electric Utllities -bill due at death 24.12 02/10/2009 Chase Card Services (United) -credit card bill due at 1,066.64 death 02/10/2008 Retall Services -Bon-Ton -bill due at death 15.25 02/10/2009 Verizon Wireless -bill due at death 36.15 02/13/2009 Messiah Village -final bill due at death 638.39 03/12/2009 Penn State Univerelty -retiree health care 12.00 contribution due at death 04/05/2009 Global Air Response -air ambulance transport on 23,023.00 12/31108, Coloredo to Pennsylvania 04/05/2009 Thomas A. Mann -reimburse airfare Pennsylvania to 374.50 Colorado (12/31!08) 04/13/2009 Apex Emergency Group PC -medical bill due at death 19.00 04/13/2009 PA Department of Revenue - 2008 personal income 80.00 tax paid with PA40 04/13/2009 United States Treasury - 2008 personal income tax 4,405.00 paid with 1040 05/01/2009 Gibbel, Kreybill & Hess LLP -bills due at death 1.225.00 (Lowell Mann and Estate of Anna Mae Mann) 05/26/2009 City of Westminster -bill due at death for emergency 1,108.00 care 05/26!2009 Colorado Trauma Service, PC -bill due at death for 767.00 emergency care Total Debts of Decedent 36,785.71 DISBURSEMENTS OF PRINCIPAL Continued 02/01!2009 Passage to India -funeral meal 2,850.00 03/05/2009 American Express -flowers pucahsed from Mueller's 212.00 Flower Shop on decedent's caM-final bill 03H8/2009 Weaver Memorials -memorial stone and base 1,938.00 05/28/2009 Frank 3. Miller Funeral Home -decedent's funeral bill 8,200.82 Total Funeral Expenses Administration 01/12/2009 Lancaster Mennonite School -tuition payments 1,146.67 withdrawn from decedent's account 01/23!2008 Register of Wills -probate fee 319.00 01/30/2009 MMC Purchase -charge against Citizens Bank 12.99 account 02/19/2009 Clarke American -check order -deducted from 0.19 account 02/26/2009 PPL Electric Utilities -final electric blll 6.38 03/05/2009 Cumberland Law Journal -advertising appointment of 75.00 Executor 03/05/2009 The Patriot-News Company -advertising appointment 167.31 of Executor 03/11/2009 Verizon -final telephone bill 43.20 04/23/2009 Citizens Bank - payoff on line of credit 708.28 04/23/2009 Gibbel, Kraybill 8< Hess LLP -reimbursement for short 57.00 certificates and death certificates 05/01!2009 Gibbel, Kreybill & Hess LLP - reimbursement for short 8.00 certificates 05/08/2009 Eric L. Mann -.partial reimbursement for Pennsylvania 20,000.00 inheritance tax payment OS/OS/2009 Thomas A. Mann -partial reimbursement for Global 20,000.00 Air cash advance 05H9/2010 Eric L. Mann -reimbursement for expenses 538.29 05/19!2010 Gibbel, Kraybill 8 Hess LLP -reimbursement for 23.00 costs advanced 13,200.82 DISBURSEMENTS OF PRINCIPAL Continued 05/18!2010 Reserve -for miscellaneous administration expenses, 50.00 filing fees, etc. Total Miscellaneous Administrative Expenses 43,153.31 Federal, StatA~and Local Taxes 04/05/2009 Register of Willa, Agent - payment on account of PA 42,750.00 inheritance tax at discount (Eric;30,000, Tom 512,750) 09/24/2009 Register of Wilis, Agent -balance, Pennsylvania 3,113.63 inheritance tax Total Taxes 45.863.63 Commissions 05/19/2010 Eric L. Mann -Executor's commission 5,742.00 Total Commissions 5,742.00 Fees 05/19/2010 Gibbel, Kraybill 8 Hess LLP -attorneys' fee 22,500.00 Total Fees 22,500.00 TOTAL DISBURSEMENTS OF PRINCIPAL 167,245.47 .e~_ DISTRIBUTIONS OF PRINCIPAL 05/08/2009 Eric L. Mann - 530 shares Susquehanna Bancshares, 8,050.70 Inc., distributed in kind ~ 15.19 8,050.70 05/08/2009 Thomas A. Mann - 529 shares Susquehanna 8.035.51 Bancshares, Inc., distributed in kind ~ 15.19 8,035.51 TOTAL DISTRIBUTIONS TO BENEFICIARIES 16,086.21 RECEIPTS OF INCOME Bap(S of New York Melbn (BKl 02/03/2009 dividend to shareholders of recoM 1/23/09 Susquehanna Bancshares. Inc. 02!20/2009 dividend to shareholders of record on 1/29/09 05/01!2009 dividend TOTAL DIVIDEND INCOME Citizens Bank. Checking Account #610075-577-0 02/04/2009 interest 03/04/2009 interest TOTAL BANK INTEREST U.S. Savings Series EE Bonds 08115!2009 final interest at redemption TOTAL BOND INTEREST TOTAL RECEIPTS OF INCOME 68.1 B 68.16 275.34 52.95 328.29 386.45 0.24 0.03 0.27 0.27 40.28 40.28 40.28 437.00 SCHEDULE OF DISTRIBUTION To Eric L. Mann, one-half of residue: 530 shares Susquehanna Bancshares, distributed 5/8/09 at 15.19 $ 8,050.70 Cash 11,427.16 $19,477.86 To Thomas A. Mann, one-half of residue: 529 shares Susquehanna Bancshares, distributed 5/8/09 at 15.19 8,035.51 Cash 11,442.36 19,477.87 Total -- $~$ 2~. In the Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. 2009-00077 Estate of Lowell D. Mann, Deceased Verification Eric L. Mann, Executor under the Last Will and Testament of Lowell D. Mann, Deceased, hereby declares that he has fully discharged the duties of his office; that the foregoing 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 are no claims now outstanding against the Estate; that all taxes presently due from the Estate have been paid; and that the grant of Letters Testamentary and the first complete advertisement thereof occurred more than four months before the foregoing Account. This statement is made subject to penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. Eric L. Mann, Executor Dated: ~n ~ O