HomeMy WebLinkAbout08-05-10In the Court of Common Pleas of Cumberland County, Pennsylvania
Orphans' Court Division
File No. 21-2008-1055
' Estate of Jack F. Kelley, Deceased
Late of Township of South Middleton
FAMILY SETTLEMENT AGREEMENT
Debra A. Field, Executrix
Date of Death: 10/03/2008
Date of Incapacity, if any: None
Date of Executrix's Appointment: 10/23/2008
Date of First Complete Advertisement: 11/26/2008
Accounting for the period: 10/03/2008 to 07/31/2010
Purpose of Account: Debra A. Field, 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 or questions
or objections can be discussed with:
John R. Gibbet
Gibbet Kraybill 8~ Hess LLP
P,O. Box 16
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Lititz, PA 17543 ~• ~
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(717) 626-0291 c-. ~~ ~ c= i"4.7
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SUMMARY OF ACCOUNT
Estate of Jack F. Kelley, Deceased
For the period of t7eteber 3, 2008 threuyh July 31, 2010
Receipts This Account 251,019.85
Net Gain (or Losa) on Sales
or Other Dispositions -346.12
250,673.73
Less Disbursements
Debts of Decedent 1,327.85
Funeral Expenses 6,575.x5
Administration Expenses 19,425.44
Federal, State 8~ Local Taxes 18,564.24
Commissions o.00
Fees 11,814:00
Family Exemption 0.00 57,706.78
Balance Before Distributions 192,966.95
Transfer to (from) Principal 0.00
Distributions to Beneficiaries 191,308.33
Principal Balance on Hand 1,658.62
Receipts This Account 329.68
Net Gain (or Loss) on Sales 0.00
or Other Dispositions 329.66
Less Disbursements 0.00
Balance Before Distributions 329.66
Transfer to (from) Income 0.00
Distributions to Beneficiaries 0.00
Income Balance on Hand 329.65
COMBINED BALANCE ON HAND 1,988.28
Verification
RECEIPTS OF PRINCIPAL
Assets Listed in Inventory
(Valued as of Date of Death)
Cash
04/02/2009 AAA Financial Services Account #4264296024063783 182.74
- refund
11/79/2008 Comcast -refund 38.59
12/11/2008 Embarq -refund 18.43
11/07/2008 Erie Insurance -property damage settlement 10,387.79
11/18/2008 Erie Insurance -accidental death benefit 5,000.00
12/02/2008 Erie Insurance -premium refund (auto insurance) 213.00
02/05/2010 Erie Insurance -premium refund (homeowner 133.00
insurance)
11/07/2008 Genworth -premium refund (long tens care) 638.43
11/19/2008 Highmark Blue Shield -premium refund 103.42
1 1 /1 812008 Hoffman-Roth Funeral Home -refund 100.00
10/03/2008 Members 1st Federal Credit Union CD Account 5,615.70
#246784-46 -one-half value reported in spouse's
estate
10/04/2008 Accrued interest on above item through date of death 1.58
1 010 3/2 00 8 Orrstown Bank Checking Account #402362 -one-half 2,191.07
value reported in spouse's estate
10/03/2008 Orretown Bank Christmas Ciub Account #450295 - 480.00
one-half value reported in spouse's estate
10/04/2008 Accrued interest on above item through date of death 2.37
11/09/2009 Sale of real estate -prorated reimbursement of taxes 704.45
(one-half value reported in spouse's estate)
12/01/2009 Sale of real estate -prorated reimbursement of taxes 416.36
(one-half value reported in spouse's estate)
10!03/2008 Sovereign Bank CD Account #1675206807 -one-half 5,033.65
value reported in spouse's estate
10/04/2008 Accrued interest on above item through date of death 2.69
10/03/2008 Sovereign Bank Checking Account#0351059067 - 106.39
one-half value reported in spouse's estate
10/04/2008 Accrued interest on above item through date of death 0.04
10!03/2008 Sovereign Bank Money Market Account #1674062206 1,791.63
-one-half value reported in spouse's estate
10/04/2008 Accrued interest on above item through date of death 0.30
11/07/2008 The Sentinel -subscription refund 11.62
Fiduciary
Acquisition
Value
RECEIPTS OF PRINCIPAL
Continued
10/15/2008 United States Treasury -Social Security payments for
September (one-half value reported in spouse's
estate)
02/05/2009 Waste Management Authority -refund
Total Cash
l P
P
rt
10/03/2008 ersona
rope
y
Personal property -one-half value reported in
spouse's estate
Total Personal Property
Stocks /Listed
10/03/2008 188.0000 shares Banco Santander, S.A. -one-half value
reported in spouse's estate
FIDELITY BROKERAGE ACCOUNT#614-456926
10/03/2008 773.0100 shares Loomis Sayles Bond Instl -one-half value
reported in spouse's estate
10/03/2008 370.8530 shares Pimco Total Return Fund -one-half value
reported in spouse's estate
10/03/2008 22.1830 shares Dodge 8 Cox Stock Fund -one-half value
reported in spouse's estate
10/03/2008 Brokerage Money Market -one-half value reported in
spouse's estate
Total Stocks /Listed
R
l E
t
t
10/03/2008 ea
s
a
e
Tract of land with dwelling thereon erected at 56
Partridge Circle, South Middleton Township, Carlisle -
as more fully described in Deed recorded in the Office
of the Recorder of Deeds in and for Cumberland
County, Book 182, page 123. Value per sale price.
One-half value reported in spouse's estate.
10/03/2008 Tract of land with dwelling thereon erected at 9
Kitszell Drive, South Middleton Township, Carlisle -
as more fully described in Deed recorded in the Office
of the Recorder of Deeds in and for Cumberland
County, Book K-38, page 879. Value per sale price.
One-half value reported in spouse's estate.
Total Real Estate
Fiduciary
Acquisition
Value
398.00
31.62
33,604.87
452.50
452.50
2.842.20
8,951.46
3,842.04
2,039.73
5,267.50
23,042.93
68,950.00
124,000.00
192,950.00
RECEIPTS OF PRINCIPAL
Continued
Total Receipts
11/28/2008 St_bsen~~nt Principal Recei~
Brokerage Money Market -long-term capital gain
0.10
12/22/2008 0.0990 share Dodge & Cox Stock Fund -dividend 7,10
reinvestment
03/30/2009 0.1480 shah; Dodge & Cox Stock Fund -dividend 9.80
reinvestment
06/29/2009 0.0870 share Dodge 8 Cox Stock Fund -dividend 6.73
reinvestment
10/28/2008 6.2170 shares Loomis Sayles Bond Instl -dividend 67.92
reinvestment
11/25/2008 6.5350 shares Loomis Sayles Bond Instl -dividend 63.58
reinvestment
12H2/2008 Loomis Sayles Bond Instl -short-term capital gain 2.75
1 2/1 212 008 Loomis Sayles Bond Instl -long-term capital gain 81.56
01/27/2009 4.9790 shares Loomis Sayles Bond Instl -dividend 52.33
reinvestment
02126/2009 4.7120 shares Loomis Sayles Bond Instl -dividend 48.63
reinvestment
03/26/2009 5.1150 shares Loomis Sayles Bond Instl -dividend 52.02
reinvestment
04130/2009, 4.4300 shares Loomis Sayles Bond Insti -dividend 46.83
reinvestment
05/29/2009 4.4430 shares Loomis Sayles Bond Instl -dividend 49.67
reinvestment
06/25/2009 4.2900 shares Loomis Sayles Bond Instl -dividend 49.94
reinvestment
07/30/2009 4.4930 .shares Loomis Sayles Bond Instl -dividend 54,28
reinvestment
08/27/2009 4.6690 shares Loomis Sayles Bond Instl -dividend 58.18
reinvestment
09/24/2009 4.0640 shares Loomis Sayles Bond Instl -dividend 52.34
reinvestment
10/31/2008 1.7480 shares Pimco Total Return Fund -dividend 17.73
reinvestment
Fiduciary
Acquisition
Value
250,050.30
RECEIPTS OF PRINCIPAL
Continued
Fiduciary
Acquisition
Value
11/28/2008 1.5440 shares Pimco Total Return Fund -dividend 15.91
reinvestment
12/10/2008 6.7530 shares Pimco Totai Retum Fund -capital gain 66.86
reinvestment
12/10/2008 11.8570 shares Pimco Total Retum Fund -capital gain 117.38
reinvestment "
12/31/2008 1.6700 shares Pimco Total Return Fund -dividend 16.93
reinvestment
01/30/2009 2.0240 shares Pimco Total Retum Fund -dividend 20.54
reinvestment
03/04/2009 Pimco Total Return Fund -dividend reinvestment 16.44
Total Subsequent Principal Receipts 869.55
Total Adjustments and Subsequent Receipts 969.55
Total Receipts of Principal 251019.85
GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS -PRINCIPAL
Sz~in l.~
03/19/2009 188.0000 shares Banco Santander, S.A.
Net Proceeds 1,248.30
Fiduciary Acquisition Value -2,942.20 -1,693.90
09/25/2009 11.0000 shares Dodge 8 Cox Stock Fund -distributed to
Debra A. Field
Net Proceeds 1,012.77
Fiduciary Acquisition Value -1.007.99 4.78
09/25/2009 11.5170 shares Dodge & Cox Stock Fund -distributed to
Pamela S. Garrett
Net Proceeds 1.060.37
Fiduciary Acquisition Value -1,055.37 5:00
09/25/2009 413.0000 shares Loomis Sayles Bond Instl -distributed. to ~.,
Debra A. Field
Net Proceeds 5,327.70
Fiduciary Acquisition Value -4,765.07 562.63
09/25/2009 413.9570 shares Loomis Sayles Bond Instl -distributed to
Pamela S. Garrett
Net Proceeds 5.340.05
Fiduciary Acquisition Value -4.776.11 563.94
09/25/2009 175.0000 shares Pimco Total Return Fund -distributed to
Debra A. Field
Net Proceeds 1,909.25
Fiduciary Acquisition Value -1,815.92 93.33
09/25/2009 221.4490 shares Pimco Total Return Fund -distributed to
Pamela S. Garrett
Net Proceeds 2,416.01
Fiduciary Acquisition Value -2,297.91 118.10
DISBURSEMENTS OF PRINCIPAL
AAA Financial Services Account #426429602406 783
11/06/2008 380.12
Boscov's Credit Card
11/10/2008 23.99
Checks clearing personal account after death
10/07/2008 one-half value reported in spouse's estate 235.21
Cumberland Valley Endo Genter
03/13/2009 medical services 33.57
Department of Veterans Affairs
11/10/2008 medical services 120.00
12/02/2008 medical services 15.00
l:~L4
11/06/2008 telephone service 32.74
Lebanon VA Medical Center
01/08/2009 medical services 8.00
360.12
23.99
235.21
33.57
135.00
32.74
8.00
DISBURSEMENTS OF PRINCIPAL
Continued
Met-Ed
11/13/2008 electric service
North Middleton Authority
11/10/2008 wateNsewer (Partridge Circle)
11/06/2008 wateNsewer
10/14/2008 household fuel; one-half value reported in spouse's
estate
Woody's Lawn Care
11!10/2008 lawn care
Total Debts of Decedent
Funeral Exne' nseQ
George's Flowers
11H0/2008
Hoffman-Roth Funeral Home
11!10/2008 funeral services
48.82
48.82
82.30
115.50
82.30
115.50
17.18
17.18
235.22
235.22
1.327.65
424.00
5,648.01
424.00
DISBURSEMENTS OF PRINCIPAL
Continued
12131 /2008 air transport
Total Funeral Expenses
Administration Exne, Haas
Carl Cecil
11/10/2008
household repairs
Cumberland Law Jo urnal
12/03/2008 estate notice
Fideli Investments
10/22/2008 advisor fee
Gibbel Kravbill 8~ Hes s LLP
07/12/2010 reimburse for additional short certificates (40.00),
death certificates (55.00), ITR filing fee (75.00) and
probate fee (365.00)
Met-Ed
11/19/2008
electric service during estate administration
12/18/2008 electric service during estate administration
Nebraska Accident R ecords Bureau
11/10/2008 copy of accident report
503.44
6,151.45
6,575.45
186.00
75.00
256.85
186.00
75.00
256.85
475.00
475.00
51.58
23.74
6.00
75.32
DISBURSEMENTS OF PRINCIPAL
Continued
Register of Wills
05/22/2009 exemplification of record
12/15/2009 exemplification of record
06122/2010 tax penalty
07/12!2010 account filing fee
11/26/2008 Partridge Circle
Sale of real estate
40.00
40.00
8.84
20.00
1,494.16
11/09/2009 settlement charges (one-half value reported in 9,069.20
spouse's estate)
12/01/2009 settlement charges and seller assist (one-half value 6,437.37
reported in spouse's estate)
South Middleton Sch ool District
12/10/2008 real estate tax (Kitszell Drive) 775.30
Susquehanna Bank
11/13/2008
return item fee
75.00
The Sentinel
12/02/2008
estate notice
150.64
s.oo
108.84
1,494.16
15,506.57
775.30
15.00
150.64
DISBURSEMENTS OF PRINCIPAL
Continued
!,lGJ
11/10/2008 household fuel during estate administration 42.96
11/24/2008 household fuel during estate administration 82.00
09/02/2009 household fuel during estate administration 23,y1
11/17/2009 household fuel during estate administration 37.20
185.37
Waste Management of Central PA
11/26/2008
47.43
47.43
Woo 's Lawn Care
12roa/2oos
lawn care during estate administration
67.96
67.96
19,425.44
Total Miscellaneous Administrative Expenses
Federal. State. and Local TaxeQ
PA Department of Revenue
03/11/2010
fiduciary income tax
39.00
39.00
Register of Wills
12/28/2008
12/30/2009
inheritance tax
inheritance tax
18,188.75
356.49
18,525.24
18.564.24
Total Taxes
DISBURSEMENTS OF PRINCIPAL
Continued
Fees
Gibbet Kraybiil 8 He
01108!2010 ss LLP
personal injury defense
225.00
02/18/2010 personal Injury defense 26.00
D4107/2010 personal injury defense 392.00
04/30/2010 personal Injury defense 76.00
07/12/2010 estate administration 11,095.00
11,814.00
Total Fees 71,814.00.
TOTAL DISBURSEMENTS OF PRINCIPAL
DISTRIBUTIONS OF PRINCIPAL
09H 8/2009 Debra A. Field -advance distribution of 1/2 residue 600.00
12/29/2009 Debra A. Field -advance distribution of 1/2 residue 100,000.00
17/03/2008 Pamela S. Garrett -advance distribution of 1/2 residue 2,500.00
05/06/2009 Pamela S. Garrett -advance distribution of 1/2 residue 5,000.00
07/07/2009 Pamela S. Garrett -advance distribution of 1/2 residue 1,000.00
09/25/2009 Pamela S. Garrett -advance distribution (from RBC 32.38
account)
12/09/2009 Pamela S. Garrett -advance distribution (for house 64,657.30
purchase -paid to Debra)
173.789.68
Debra A. Field
09/25/2009
11.0000 shares Dodge 8 Cox Stock Fund
1,012.77
09/25/2009 413.0000 shares Loomis Sayles Bond Instl 5.327.70
11/12/2009, Personal property -one-half value credited to 226.25
beneficiary
09/25/2009 175.0000 shares Pimco Total Return Fund 1,908.25
8.475.97
Pamela S. Garre tt
09/25/2009 11.5170 shares Dodge & Cox Stock Fund 1,060.37
09/25/2009 413.9570 shares Loomis Sayles Bond Instl 5,340.05
11/12/2009 Personal property -one-half value credited to 226.25
benefciary
09/25!2009 221.4490 shares Pimco Total Return Fund 2,416.01
9,042.68
TOTAL DISTRIBUTIONS TO BENEFICIARIES 191,308.33
RECEIPTS OF INCOME
Loomis Sayleg Bond Insti
12/12/2008
106.87
106.87
12/31/2008
03/03/2009
04/02/2009
05/04/2009
06/02/2009
07/07/2009
08/04/2009
09/02/2009
10/31/2008
11/28/2008
12/31/2008
12/31/2008
01/30/2009
02/27/2009
03/31/2009
04/30/2009
05/29/2009
06/30/2009
07/31/2009
TOTAL DIVIDEND INCOME
12.60
21.66
21.03
20.96
20.75
20.61
21.64
21.15
160.40
267.27
10.81
3.30
2.38
2.49
1.62
1:01
0.05
0.05
0.02
0.01
0.01
21.75
RECEIPTS OF INCOME
Continued
Members 1st Federal Gredit Linton CD Account #2467846
11/18/2008 one-half value reported in spouse's estate
Orrstown Bank Gheckinq Ac -ount f " 62
10/29/2008 one-half value reported in spouse's estate
Orrstown Bank Christmas Cl~~b Account x"50295
70/20/2008 one-half value reported in spouse's estate
Sovereign Bank CD Account #1675206807
17/03/2008 one-half value reported in spouse's estate
Sovereian Bank Checking Account #0351059067
12/04/2008 one-half value reported in spouse's estate
Sovereign Bank Money Market Account #167406 06
11/03/2008 ,one-half value reported In spouse's estate
TOTAL BANK INTEREST
TOTAL RECEIPTS OF INCOME
27.65
0.14
0.06
11.23
0.04
1.52
27.65
0.14
0.06
11.23
0.04
1.52
" 82.39
328.68
SCHEDULES of DISTRIBUTION
from the ESTATES of JACK F. KELLEY and LOLS A. KELLEY
Tack F. Kelley
Advance distributions: 191,308.33
Remaining funds available for distribution: 1,988.28
TOTAL
Lois A. Kellen
Advance distributions:
Remaining funds available for distribution:
TOTAL
Total of Combined Residuary Estates:
Less funds held in escrow pending settlement of suit
against estate:
TOTAL ASSETS FOR DLSTRIBUTION:
Debra A. Field
Advance distribution received from Jack F. Kelley Estate:
Advance distribution received from Lois A. Kelley Estate:
Remaining amount to bye distributed
TOTAL DISTRIBUTION:
Pamela S. Garrett
193,296.61
219,840.54
11,590.83
231,431.37
424,727.98
(5,000.00)
$ 419,727.98
109,075.97
95,952.42
4,855.60
209,863.99
Advance distribution received from Jack F. Kelley Estate: 82,232.36
Advance distribution received from Lois A. Kelley Estate: 123,888.12
Remaining amount to bye dislri7ruted 3,743.51
TOTAL DISTRIBUTION: 209,863.99
TOTAL DISTRIBUTIONS MADE: $ 419,727.98
In the Court of Common Pleas of Cumberland County, Pennsylvania
Orphans' Court Division
File No. 21-2008-1055
Estate of Jack F. Kelley, Deceased
Verification
Debra A. Field, Executrix under the Last Will and Testament of Jack F. Keliey, Deceased, hereby
declares under oath that he/she has fully and faithfully discharged the duties of his/her 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/her knowledge, there are no claims now outstanding against the Estate; that ail 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.
De ra .Field, Executrix
Dated: ~~~~ •,~Q~
IN THE COURT OF COMMON PLEA8 OF CUMBERLAND COUNTY, PENN8YLVANIA
ORPHAN8' COURT DIV1810N
IN RE: THE ESTATE OF )
JACK F. KELLEY )
("the Deceased") )
LATE OF SOUTH MIDDLETON TWP. ) No. 21-200&1055
EXECUTRIX: Debra A. Field )
("the Executrix") )
RECEIPT, RELEASE, REFUNDING AND INDEMNIFICATION AGREEMENT
The undersigned beneficiary under the Will of the Deceased:
1. Acknowledges that the undersigned has examined and approved the
attached Account, including the Schedules of Distribution;
2. Waives the filing of the Account and Schedules of Distribution in the Court;
3. Acknowledges that combined distributions to the undersigned totaling
$111,064.25, as shown in the Account, will be in full satisfaction of the amount payable
to the undersigned from the Estate of the Deceased;
4. Agrees to refund to the Executrix any portion of such distributions to
which the undersigned is not properly entitled; agrees, to the extent of such
distributions, to indemnify the Executrix for claims made against her as Executrix, and
to reimburse the Executrix for all expenses and costs incurred in connection with any
such claims;
5. Releases the Executrix and her heirs and personal representatives from
all liabilities which the Executrix may have by reason of administration of the Estate;
and
6. Declares that this instrument shall be legally binding upon the
undersigned and the undersigned's heirs and assigns.
IN WITNESS WHEREOF, inten in to be legally bound, I have hereunto set my
hand and seal this ~,_ day of , 2010.
E A A. FIELD
IN THE COURT OF COMMON PLEA8 OF CUMBERLAND COUNTY, PENN8YLVANIA
ORPHAN8' COURT DIVISION'
IN RE: THE ESTATE OF
JACK F. KELLEY
("the Deceased")
LATE OF SOUTH MIDDLETON TWP.
No. 21-2008-1055
EXECUTRIX: Debra A. Field
("the Executrix")
RECEIPT, RELEASE, REFUNDING AND INDEMNIFICATION AGREEMENT
The undersigned beneficiary under the Will of the Deceased:
1. Acknowledges that the undersigned has examined and approved the
attached Account, including the Schedules of Distribution;
2. Waives the filing of the Account and Schedules of Distribution in the Court;
3. Acknowledges that combined distributions to the undersigned totaling
$82,232.36, as shown in the Account, will be in full satisfaction of the amount payable to
the undersigned from the Estate of the Deceased;
4. Agrees to refund to the Executrix any portion of such distributions to
which the undersigned is not properly entitled; agrees, to the extent of such
distributions, to indemnify the Executrix for claims made against her as Executrix, and
to reimburse the Executrix for all expenses and costs incurred in connection with any
such claims;
5. Releases the Executrix and her heirs and personal representatives from
all liabilities which the Executrix may have by reason of administration of the Estate;
and
6. Declares that this instrument shall be legally binding upon the
undersigned and the undersigned's heirs and assigns.
IN WITNESS WHEREOF, intending to be legally bound, I have hereunto set my
hand and seal this ~ day of ~./G~u , 2010.
7CLrst 2,CQ ~• 12 0~-
PAMELA S. ARRETT