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Home My WebLink About07-20-10'~ ev o C... r ESTATE OF SHARON K. PARSON -- a ' ~ ~ ~~~ N O File No. 21-10-0193 ~ c~ ~ c~ ~ - FAMILY SETTLEMENT AGREEMENT ~~ C11 40 THIS AGREEMENT made this day of 2010 BETWEEN: BARBARA A. HAMMOND, being the he' -at-law of Sharon K. Pazson, late of the Borough of Shippensburg, Cumberland County, Pennsylvania, and SHANE J. WATSON, being the beneficiary of various assets of Sharon K. Paz~mn, late of the Borough of Shippensburg, Cumberland County, Pennsylvania. WHEREAS, Shazon K. Pazson died August 10, 2009, intestate; and WHEREAS, there were no assets in the estate of Shazon K. Pazson which necessitated the filing of a petition for formal probate of this estate in Cumberland County, PA; and WHEREAS, all assets of the late Shazon K. Pazson have been liquvdated or distributed and all her debts paid in-full, the said parties hereto desire to waive the duty of the filing of a First and Final Account with Proposed Schedule of Distribution for purposes of confirmation by the Court of Common Pleas of Cumberland County, Orphan's Court Division, AND FURTHER desire that a Family Settlement Agreement be executed, which Family Settlement Agreement will be duly recorded among the deed records in and for Cumberland County. ~~a ~~ ; ~, r-•~ r_ 7 -~ c::_> c;•:> _- --~, ~A.J .~ / ~: , ~.' :~ _; . .~. ~-;~; - =' ~_ ;'-_= i-n .... ~ ~~ a WEIGLE & ASSOCIATES, P.G. -ATTORNEYS AT LAW - 126 EAST KING STREET - SHIPPENSBURG,~. PA 17257-1397p~ NOW, THEREFORE, WITNESSETH, that the parties hereto, in consideration of the premises above stated, and of the Accounting and Proposed Schedule of Distribution attached hereto and made a part hereof, and the receipt of their distributive shares as therein shown, do bind themselves to the said Distribution and Accounting as sit forth and further mutually release each other from all claims and demands whatso~~er arising out of settlement of the Estate of Shazon K. Pazson. The parties hereto do further agree that should the estate become liable for any debts or obligations of the said decedent after the execution of this agreement, they do hereby covenant and agree that any such debts or obligations shall be paid and satisfied out of estate assets to be received by the said Bazbaza A. Hammond pursuant tq the First and Final Account of Shane J. Watson which is attached hereto and made a part of this Family Settlement Agreement. IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the day and year first above written. ~~ .~.. ~ Q ~i -~-:~-~ SEAL) Bazbaza A. Hammond ''~ ~ ~ (SEAL) Shane J. atson WEIGLE & ASSOCIATES, P.C. -ATTORNEYS AT LAW - 126 EAST KING STREET - SHIPPENSBUR~,'., PA 17257-1397 COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF CUMBERLAND _ On this, the day of 2010 before me, the undersigned officer, personally peared B ARA A. HAM~vIOND and SHANE J. WATSON known to me (or satisfactorily proven) to be the per$ons whose names are subscribed to the within instrument, and acknowledged that they e~c~cuted the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. c M~toKw,_ A_ T.. "pF r~.NN~r.LV' ~ NOTARtAt SEAL, ~hrr~ A. Wfigl~, Noq~r Public of SMpponsbwp. L`Yfll~-ltlNld Con+miasion ExpNts Oetobvr Ot, tiQ II WEIGLE & ASSOCIATES, P. C. -ATTORNEYS AT LAW - 126 EAST KING STREET - SHIPPENSBUF~G, PA 17257-1397 In the Court of Common Pleas of Cumberland County, Pennsylvania Orphans' ~au~t~t Division File No. 21-10-0193 Estate of Sharon K. Parson, Deceased Borough of Shippensburg, Cumberland County Account Shane J. Watson, De Facto Personal Representative Date of Death: 08/10/2008 Date of Incapacity, if any: None Date of De Facto Personal Representative's None Date of First Complete Advertisement: None Accounting for the period: 08110!2009 to 07/08/2610 Purpose of Account: Shane J. Watson, De Facto Personal Representative, offers this A~~ount to acquaint interested parties with the transactions that have occurred during the Adminis'trlation. It is important that the Account be carefully examined. Requests for additional informatic}n or questions or objections can be discussed with: Jerry A. Weigle Esquire Weigle & Associates, P.C. 126 East King Street Shippensburg, PA 17257 717/532-7388 Supreme Court I.D. No. 01624 SUMMARY OF ACCOUNT Estate of Sharon K. Parson, Deceased __ the ,neried of A~q 'c_t 1 ~. 2009 thrn~g ~ ly g, 010 Proposed Distributions to Beneficiaries PRINCIPAL Receipts: This Account Net Gain (or Loss) on Sales or Other Dispositions Less Disbursements: Debts of Decedent Funeral Expenses Administration Expenses Federal, State ~ Local Taxes Commissions Fees Family Exemption Balance Before Distributions Transfer to (from) Principal Distributions to Beneficiaries Principal Balance on Hand For Information: Investments Made Changes in Holdings INCOME Receipts This Account Net Gain (or Loss) on Sales or Other Dispositions Less Disbursements Balance Before Distributions Transfer to (from) Income Distributions to Beneficiaries Income Balance on Hand For Information: Investments Made Changes in Holdings COMBINED BALANCE ON HAND Fiduciary Current Acquisition ~~ Value Value 12 5,269.70 5,269.70 3 4 4,406.94 0.00 4 235.00 4 797.56 4 542.32 5 ~ 1,528.00 0.00 6 7 8 9 21,830.02 0.00 ......, 21,830.02 .~~i 7,509.82 14,320.20 0.00 9,050.55 5,269.65 0.05 ~~_ 0.00 0.05 0.00 .~~i 0.05 o.oo 0.00 10 ---~....i~~ 0.05 11 5,269.70 SCHEDULE A RECEIPTS OF PRINCIPAL Assets Listed in Inventory (Valued as of Date of Death) Fiduciary Acquisition Value ~b Orrstown Bank Checking Account 602386 3~4~80.91 Orrstown Bank Health Savings Account 103008367 - 7,3b4.80 beneficiary Shans J. Watson, companion PARTIAL FUNERAL COST OF x3,641.00 WAS PAID BY SHANE J. WATSON FROM THESE FUNDS Accrued income on above item through date of death ' 0.75 Total Cash Personal PronertT ~~ 10,796.46 2002 Honda Accord -proceeds of sale 10!07/2009 7,50.00 Household Contents -1/2 of total appraised value of 1,75.00 x3,490.00 Total Personal Property ~~ 9,245.00 Total Receipts 2o,oal.as 08/18/2009 bee Went Princip~gi~ Highmark -premium refund yq0 ~ 08/19/2009 Highmark -benefit check 7?~5.40 08!2212009 Highmark -benefit check ffi519.5$ 10/12/2009 Nationwide Insurance -auto premium refund 4j3.00 Total Subsequent Principal Receipts ~ 1,788.56 Total Adjustments and Subsequent Receipts 1,766.5s Total Receipts of Princip~i 21s3o.o2 -3 SCHEDULE C DISBURSEMENTS OF PRINCIP~-L 10/13/2009 Chambereburg Hospital 2,B45.~5 10/13/2009 Discover Cards 40.00 10/13/2009 Shippensburg Area EMS 846.00 10/13/2009 West Shore EMS 95.09 Total Debts of Decedent 4,406.94 Administration Exne„ nses 10/13/2009 Terry Shatter Auctioneer -appraisal of personal 100.00 Property 0 212 3/2 01 0 Linda K. Klein -notary fee 2'0.00 02/23/2010 Register of Wills, Cumberland County -filing PA 18.00 Inheritance Tax Return 07/08/2010 Register of Wills, Cumberland County -filing Family 10p.00 Settlement Agreement Total Miscellaneous Administrative Expenses Federal, State and Local TaxeQ 235.00 02/23/2010 Register of Wills, Cumberland County - PA T9t.58 Inheritance Tax Return Total Taxes Commissions 797.56 02/23/2010 Shane J. Watson -Commission (51,092.00) less share 54,32 of inheritance tax on non-probate assets received (6548.68) Total Commissions 542 32 -4- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued Fees 02/23/2010 Weigle & Associates, P.C. 1,58.00 Total Fees 1,528.00 TOTAL DISBURSEMENTS OF PRINCIPAL 7,509.82 -5- SCHEDULE D DISTRIBUTIONS OF PRINCIPAL Shane J. Watson 08H 0/2009 08/10/2009 08/10/2009 Household Contents 1,745.00 Orrstown Bank Health Savings Account 103008367 7,30#.80 Accrued income on above item through date of death p,75 TOTAL DISTRIBUTIONS TO BENEFICIARI~$ 9,050.55 9,050.55 -6- PRINCIPAL BALANCE ON HAND # Units Description Gash Estate Funds Current Value Fiduciary 07/08/201!0 Acquisition or as Nated Value 5,269:65 5,269.65 Total Cash 5,269:65 5,269.65 _ 5,2Ei9}sue 5,269.65 -7- SCHEDULEF CHANGES IN PRINCIPAL HOLDINGS Household Contents 08/10/2009 08/10/2009 inventoried distributed 1,745.00 -1,745.00 Orrstown Bank Healt h Bavin~s Account 10300867 08/10/2009 inventoried 08/10/2009 distributed 08/10/2009 inventoried 08/10/2009 distributed Total ~' 0.00 I 7,304.80 -7,304.80 I' 0.75 -0.75 0.00 0.00 -8- SCHEDULE G RECEIPTS OF INCOME Orrstown Bank Checking Account B02~ga 10/07/2009 interest date of death to closing TOTAL BANK INTEREST TOTAL RECEIPTS OF INCOME 0. 5 0.05 i 0.05 '~ ~!, 0.05 -9- INCOME BALANCE ON HAND # Units Description Cash Estate Funds Total Cash Current V~liud, 07/08/20'10 or as No~ep II Fiduciary Acquisition Value 0.05 0.05 0.05 -10- COMBINED BALANCE ON HAND # Units Description Cash Estate Funds Total Cash Current Valu 07/08/2010 or as Noted 5,269, Fiduciary Acquisition Value 5,269.70 5,269.70 5,269.70 -11- PROPOSED DISTRIBUTIONS TO BENEFICIARIES TO: 9~NNQlId Cash Current Value 07/08/2010' or as noted Fiduciary Acquisition Value 5,2619.0 5,269.70 5,269.. D 5,269.70 Total ~ 5~6I9.~p 5.269.70 -12-