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HomeMy WebLinkAbout08-05-10In the Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. 21-2008-1056 Estate of Lois.A. 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: 10/08/2008. 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. Gibbel Gibbel Kraybill & Hess LLP P.O. Box 16 Lititz, PA 17543 (717) 626-0291 0 0 Supreme Court I.D. No. 07501 ~o =~ ~ o. a ~~r ~° 7 ~ ~ ~z=~?~ ' ~ !~ ~ ~ - ri OL 'v Y ~ -1 ~ .. O r -,,,-~, f'cFcS ~'_l > > ..~ -Tr'_7 r~, ,--, -f - _ f - ~'t ':'~ ...' ^ i i.~ ~ (~ ": a SUMMARY OF ACCOUNT Estate of Lois A. Kelley, Deceased For the period of October 3, 2008 through Juiy 31, 2010 Receipts This Account 299,634.60 Net Gain (or Loss) on Sales or Other Dispositions -374.92 299,259.68 Less Disbursements Debts of Decedent 1,854.61 Funeral Expenses 6,493.44 Administration Expenses 38,865.02 Federal, State & Local Taxes 10,340.00 Commissions 0.00 Fees 10,643.00 Family Exemption 0.00 68,196.07 Balance Before Distributions 231,063.61 Transfer to (from) Principal ~ 0.00 Distributions to Beneficiaries 219,840.54 Principal Balance on Hand 11,223.07 Receipts This Account 367.76 Net Gain (or Loss) on Sales 0.00 or Other Dispositions 367.76 Less Disbursements 0.00 Balance Before Distributions 367.76 Transfer to (from) Income 0.00 Distributions to Beneficiaries 0.00 Income Balance on Hand 367.76 COMBINED BALANCE ON HAND 11,590.83 Verification RECEIPTS OF PRINCIPAL Assets Listed in Inventory (Valued as of Date of Death) ~8~.1] 03/10/2009 Capital One Auto Finance Account #9117206 -refund 4.22 02/25/2009 Department of Veterans Affairs - copay refund 12.53 11/18/2008 Erie Insurance -accidental death benefit 5,000.00 11/12!2009 Erie Insurance -personal injury claim (survival 20,000.00 action) 12/30/2008 Highmark Blue Shield -premium refund 98.88 01/16!2009 Humana -premium refund 50.40 07/30/2010 PA Department of Revenue -inheritance tax refund 342.04 11/09/2009 Sale of real estate -prorated reimbursement of taxes 704.46 (Kltszell Drive) (one-half value reported in spouse's estate). 12/01/2009 Sale of real estate -prorated reimbursement of taxes 416.37 (Partridge Circle) (one-half value reported in spouse's estate) 10/03/2008 Sovereign Bank IRA Account #1678179860 - 18,099.36 beneficiary: estate 10/03/2008 Sovereign Bank IRA Account #1678180355 - 10,630.60 beneficiary: estate 12/30/2008 American Express -unused travelers checks 500.00 11/03/2008 Genworth Financial -premium refund 456.76 11/18/2008 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 10/0412008 Accrued interest on above item through date of death 1.58 10/03/7008 Members 1st Federal Credit Union Savings Account 25.00 #246784-00 10/03/2008 Orrstown Bank CD Account #4000026106 6,655.11 10/04/2008 Accrued interest on above item through date of death 7.65 70!03/2008 Onstown Bank Checking Account#402362 -one-half 2,191.07 value reported in spouse's estate 10/03/2008 Orrstown Bank Christmas Club Account #450295 - 480.00 one-half value reported in spouse's estate 10/04/2008 Accrued interest on above item through date of death 2.38 10/03/2008 Sovereign Bank CD Account #1675206807 -one-half 5,033.64 value reported in spouse's estate Fiduciary Acquisition Value RECEIPTS OF PRINCIPAL Continued 10/04/2008 Accrued interest on above item through date of death 2.69 70103/2008 Sovereign Bank Checking Account #0351059067 - 106.39 one-half value reported in spouse's estate 10/04/2008 Aecrued interest on above item through date of death 0.04 10/03/2008 Sovereign Bank Money Market Account #1674062206 1,791.64 -one-half value reported in spouse's estate 10/04/2008 Accrued interest on above item through date of death 0.30 10/15/2008 United States Treasury -Social Security payments for 399.00 September (one-half value reported in spouse's estate) Total Cash P l P 10/03/2008 ersona rnnerty 7 T Personal property -value per appraisal (one-half 452.50 value reported in spouse's estate) 11/19/2008 2000 Ford Mustang -value per sale price 3,500.00 Total Personal Property Stocks /Listed 10/03/2008 188.0000 shares Banco Santander, S.A. -one-half value 2,942.20 reported in spouse's estate FIDELITY BROKERAGE ACCOUNT #61456926 10/03/2008 773.0100 shares Loomis Sayles Bond Instl -one-half value 8,951.46 reported in spouse's estate 10/03/2008 370.8520 shares Pimco Total Retum Fund -one-half value 3,842.03 reported in spouse's estate 10/03/2008 22.1830 shares Dodge & Cox Stock Fund -one-half value 2,039.73 reported in spouse's estate 10/03/2008 Brokerage Money Market -one-half value reported in 5,267.49 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 68,950.00 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 162, page 123. Value per sale price. One-half value reported in spouse's estate. Fiduciary Acquisition Value 78,727.91 3.952.50 23,042.91 RECEIPTS OF PRINCIPAL Continued 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-36, page 679. Value per sale price. One-half value reported in spouse's estate. Total Real Estate Total Receipts 11/28/2008 Subsen~an_ t Principal ReceiR Brokerage Money Market -one-half value reported in spouse's estate 12/22/2008 0.0990 share Dodge 8 Cox Stock Fund -dividend reinvestment 03/30/2009 0.1480 share Dodge & Cox Stock Fund -dividend reinvestment 06/29/2009 0.0870 share Dodge & Cox Stock Fund -dividend reinvestment 10/28/2008 6.2170 shares Loomis Sayles Bond Instl -dividend reinvestment 11/25/2008 6.5350 shares Loomis Sayles Bond Instl -dividend reinvestment 12/12/2008 Loomis Sayles Bond fnstl -short-term capital gain; one-half value reported in spouse's estate 12/12/2008 Loomis Sayles Bond Instl -long-term capital gain; one-half value reported in spouse's estate 01/27/2009 4.9790 shares Loomis Sayles Bond Instl -dividend reinvestment 02/26/2009 4.7120 shares Loomis Sayles Bond Instl -dividend reinvestment 03/26/2009 5.1150 shares Loomis Sayles Bond Instl 04/30/2009 4.4300 shares Loomis Sayles Bond Instl -dividend reinvestment 05/29/2009 4.4430 shares Loomis Sayles Bond Instl -dividend reinvestment 06/25/2009 4.2900 shares Loomis Sayles Bond Instl -dividend reinvestment 124.000.00 0.10 7.10 9.80 6.73 61.92 63.59 2.75 81.56 52.33 48.63 52.02 46.83 49.$7 49.94 Fiduciary Acquisition Value 192,950.00 298,673.32 RECEIPTS OF PRINCIPAL Continued Fiduciary Acquisition Value 07/30/2009 4.4930 shares Loomis Sayles Bond Instl 54.28 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 17.72 reinvestment 11/28/2008 1.5440 shares Pimco Total Return Fund -dividend 15.90 relnvestment 12/10/2008 11.8560 shares Pimco Total Retum Fund -short-term capital 117.38 gain; one-half value reported in spouse's estate 12/10/2008 6.7540 shares Pimco Total Retum Fund -long-term capital 66.86 gain; one-half value reported in spouse's estate 12/31/2008 0.8630 share Pimco Total Retum Fund -dividend 8.75 reinvestment 01/30/2009 2.0200 shares Pimco Total Retum Fund -dividend 20.50 reinvestment 02/27/2009 Pimco Total Return Fund 16.40 Total Subsequent Principal Receipts 961.28 Total Adjustments and Subsequent Receipts 961.28 Total Receipts of Principal 299,634.60 GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS -PRINCIPAL ~o Ls~ 02/26/2009 188.0000 shares Banco Santander, S.A. Net Proceeds 7,220.08 Fiduciary Acquisition Value -2,942.20 -1.722.12 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 11.0000 shares Dodge 8 Cox Stock Fund -distributed to Debra A. Field Net Proceeds 1,012.77 Fiduciary Acquisition Value -1.007.99 a.78 09/25/2009 413.9570 shares Loomis Sayles Bond Instl -distributed to Pamela S. Garrett Net Proceeds 5,340.05 Fiduciary Acquisition Value -4,776.12 563.93 09/25/2009 413.0000 shares Loomis Sayles Bond Instl -distributed to Debra A. Field Net Proceeds 5.327.70 Fiduciary Acquisition Value x,765.07 562.63 09/25/2009 213.6300 shares Pimco Total Retum Fund -distributed to Pamela S. Garrett Net Proceeds 2,330.70 Fiduciary Acquisition Value -2,216.85 113.85 09!25/2009 182.0070 shares Pimco Total Retum Fund -distributed to Debra A. Field Net Proceeds 7,985.70 Fiduciary Acquisition Value .1,888.69 97.01 DISBURSEMENTS OF PRINCIPAL CaoitAl One MasterCard A ount #52 1-4920 8273 21'~R 11/06/2008 12/10/2008 finance charge 690.08 Checks clearing personal account after death 10/07/2008 one-half value reported in spouse's estate 687.57 2.51 235.21 235.21 10/14/2008 household fuel; one-half value reported in spouse's estate 17.18 17.18 Washington Mutual Credit Card A rount dR:185-..407~9~~ 083 11/18/2008 Total Debts of Decedent Funeral Expenses Debra A. Field 11/14/2008 reimburse for funeral expenses 912.14 912.14 1.854.61 2,060.00 2,060.00 Hoffman-Roth Funeral Home 11/10/2008 funeral services 3,930.00 DISBURSEMENTS OF PRINCIPAL Continued 12/31/2008 air transport 503.44 4,433.44 Total Funeral Expenses Administration Ex enses 6.493.44 Bev Kelchner 10/05/2009 resale certificate for Kitszell Drive 40.00 40.00 Carl Cecil 04/29/2009 house repairs (Kitszell Drive & Partridge Circle) 326.23 05/22/2009 house repaire (Kitszell Drive) 60.00 386.23 Cumberland taw Re 12/02/2008 view estate notice 75.00 D b A Fi l 75.00 e ra . e d 02/03/2009 reimburse for trash removal fee (175.00), carpet 752.83 shampoo (106.00), insurance deductible (60.00), long distance calls (52.00), car ad (31.00) and gas/travel (328.83) E i I 752.83 r e nsurance 01/16/2009 homeowner policy 386.00 04!16/2009 homeowner policy 90.00 06/20/2009 homeowner policy 251.00 08/03/2009 homeowner policy 256.00 DISBURSEMENTS OF PRINCIPAL Continued 983.00 10/22/2008 advisor fee; one-half value reported in spouse's 256.85 estate Gibb t K bill & 256.85 e rav He 11!12/2009 ss LLP reimburse for expenses paid for personal injury 189.98 settlement 11/12/2009 fees related to settlement of personal injury claim 4,500.00 01/22/2010 fees related to wrongful death claim 245.00. 0 711 2/2 01 0 reimburse for probate fee (365.00), additional death 475.00 certificates (55.00), additional short certificates {40.00) and tax return filing fee (15.00) Herm Pl bi 5,409:98 an um ng 02/03/2009 winterize Kitszell Drive 75.00 05112/2009 dewinterize and repair master toilet at Kitszell Drive 74.60 h J M H A ti 149.60 o n . ess c o 06/20/2009 n Service appraisal fee 45.00 bo's Pl L bi 8 H i 45.00 um e ng 71/79/2008 eat ng replace water heater (Partridge Circle) 1,117.00 M a I Vill H ^ 1,117.00 ~y ~ age o 03!09/2009 meowners Associ tion 2009 dues for Patridge Drive 95.00 DISBURSEMENTS OF PRINCIPAL Continued Met-Ed 01/16/2009 electric service during estate administration 30.37 02/24/2009 electric service during estate administration 30.48 03/19/2009 electric service during estate administration 2Y,78 04/16/2009 electric service during estate administretion 21,67 05!19/2008 electric service during estate administration 20.24 06/17/2009 electric service during estate administretion 17,64 07/31/2009 electric service during estate administration 22.04 08/19/2009 electric service during estate administration 20.16 09/23/2009 electric service during estate administration 55.98 10/27/2009 electric service during estate administration 21.81 11/24/2009 electric service during estate administration (final) 26.13 North Middleton To wnship 01/16/2009 water/sewer for Partridge Drive 82.30 03/09/2009 water/sewer for Partridge Drive 93.49 05/12/2009 water/sewer for Partridge Drive 82.30 07/13/2009 water/sewer for Partridge Drive 82.30 09!15/2009 water/sewer for Partridge Drive 82.30 11/05/2009 water/sewer for Partridge Drive 104.68 Ocean Pines Owners hip Association 02126/2009 timeshare annual fee 445.00 04/01!2009 remaining fee 11.51 Register of Wilis 05/22/2009 exemplification of record 40.00 12/15!2009 exemplification of record 40.00 07/12/2010 account filing fee 20.00 95.00 289.30 527.37 456.51 DISBURSEMENTS OF PRINCIPAL Continued 100.00 Rick's Towing 11/07/2008 removal of vehicle 200.00 200.00 Robert C. Cairns. Tax Collector 03/10!2009 real estate tax for Kitszell Drive 07/07/2009 real estate tax for Kitszell Drive real estate tax for Partridge Circle real estate tax for Partridge Circle 2,615.67 Robin K. Sollenberaer 03/19/2009 07/07/2009 540.30 2,075.37 351.75 1,382.29 1,734.04 Sale of real estate 11 /09!2009 12/01 /2009 settlement charges (Kitszell Drive) (one-half value 9,069.20 reported in spouse's estate) settlement charges and seller assist (Partridge Circle) 6,437.38 (one-half value reported in spouse's estate) 15,506.58 Seawatch Island Club 01/27/2009 . timeshare annual fee 637.00 637.00 South Middleton To wnshirz Municipal Authorih~ 01/16!2009 waterlsewer for Kitszeli Drive 04/08/2009 waterlsewer for Kitszell Drive 07/07/2009 waterlsewer for Kitszell Drive 10/08/2009 waterlsewer for Kitszell Drive 101.00 101.00 101.00 101.00 DISBURSEMENTS OF PRINCIPAL Continued The Sentinel 12/02/2008 estate notice 150.64 Thomas H. Orlouskv 06/29/2009 painting at Partridge Circle 2.662.80 07/13/2009 painting at Partridge Circle 230.00 09/23/2009 painting at Kitszell Drive 2,118.50 12/29/2008 household fuel during estate administration 202.61 01/27/2009 household fuel during estate administration YY3,08 02/26/2009 household fuel during estate administration 202.75 03/31/2009 household fuel during estate administration 50.89 05/01/2009 household fuel during estate administration 20.37 06/03/2009 household fuel during estate administration 37.39 06/29/2009 household fuel during estate administration 23.21 07/31/2009 household fuel during estate administration 23:21 09!29/2009 household fuel during estate administration 23.21 10/27/2009 household fuel during estate administration 38,79 Woody's Lawn Gare 04108/2009 yard care 239.45 05/1212009 yard care 107.00 06/17/2009 yard care 140.00 07/07/2009 yard care 137.44 08/19/2009 yard care 111 72 09/15/2009 yard care 140.00 10/08/2009 yard care 112.00 11/06/2009 yard care 89.00 404.00 150.64 5.011.30 845.51 DISBURSEMENTS OF PRINCIPAL Continued Total Miscellaneous Administrative Expenses Federal. State, and Local Taxea PA Denartment of Revenue 03/11/2010 fiduciary income tax 80.00 Register of Wills 12/29!2008 inheritance tax Total Taxes ~~~ 1,076.61 38.865.02 80.00 10.260.00 10.340.00 Cohick & Associates 09/28/2009 preparation of 2008 income tax returns 348.00 348.00 Saibbel Krayblll ~ Hess LLP 12/29/2009 estate administration Total Fees TOTAL DISBURSEMENTS OF PRINCIPAL 10.260.00 10,295.00 10,295.00 10,643.00 68.196.07 DISTRIBUTIONS OF PRINCIPAL 09/18/2009 Debra A. Field -advance distribution (from RBC account) 10/27/2009 Debra A. Field -advance distribution of 1/2 residue 12/29/2009 Debre A. Field -advance distribution of 112 residue 11103!2008 Pamela S. Garrett -advance distribution of 1/2 residue 11/06/2008 Pamela S. Garrett -advance distribution (Capital One auto loan payment for Morgan Garrett) 01/29/2009 Pamela S. Garrett -advance distribution (Capital One car loan payoff) 05!0612009 Pamela S. Garrett -advance distribution (from RBC account) 07!07/2009 Pamela S. Garrett -advance distribution (from RBC account) 09/25/2009 Pamela S. Garrett -advance distribution (from RBC account) 12/09/2009 Pamela S. Garrett -advance distribution (for house purchase -paid to Debra) 12/29/2009 Pamela S. Garrett -advance distribution of 1/2 residue 500.00 6.000.00 80,900.00 2,500.00 196.28 9.412.43 5,000.00 1,000.00 88.05 64,657.31 32.076.68 202,330.75 Debra A. Field 09/25/2009 11.0000 shares Dodge & 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 228.25 beneficiary 09!25/2009 182.0070 shares Pimco Total Return Fund 1,985.70 8,552.42 09/25/2009 11.5170 shares Dodge 8 Cox Stock Fund 1,060.37 DISTRIBUTIONS OF PRINCIPAL Continued 09/25/2009 413.9570 shares Loomis Sayles Bond Instl 11/12/2009 Personal property -one-half value credited to beneficiary 09/25/2009 213.6300 shares Pimco Total Return Fund 5,340.05 226.25 2,330.70 8,957.37 TOTAL DISTRIBUTIONS TO BENEFICIARIES 219.840.54 RECEIPTS OF INCOME 02/25/2009 capital stock dividends 47.88 47.88 03/31 /2009 04!30/2009 05/29/2009 06/30/2009 07/31/2009 Loomis Sayles Bond Instl 12/1 Z/2008 one-half value reported in spouse's estate 0.05 0.05 0.02 0.01 0.01 0.14 106.86 106.86 03/03/2009 04/02/2009 05/04/2009 06/02/2009 07!07/2009 08/04/2009 os/ou2oos TOTAL DIVIDEND INCOME 21.61 20.99 20.91 20.71 20.57 21.59 21.10 147.48 302.36 RECEIPTS OF INCOME Continued Brokerage Money M 10/31/2008, arket one-half value reported in spouse's estate 10.82 11/28/2008 one-half value reported in spouse's estate 3.31 12/31/2008 01/30/2009 1.68 02/27/2009 1 62 1.01 Members 1~t Federal Credit Union GD Account #246784,6 11/18/2008 one-half value reported in spouse's estate 27.64 Orrstown Bank CD Account #40000 6106 11/03/2008 6.31 Orrstown Bank Ghecking Account x:02362 10/29/2008 one-half value reported in spouse's estate 0.15 Orrstown Bank Ghri~tmas Glib A rount #4 0295 10/20/2008 one-half value reported in spouse's estate 0.07 Sovereign Bank GD Account #167?06807 11/03/2008 one-half value reported in spouse's estate 11.23 Sovereign Bank Ghecking Account #0351059067 11/06/2008 one-half value reported in spouse's estate 0.04 18.44 27.64 6.31 0.15 0.07 11.23 0.04 RECEIPTS OF INCOME Continued Sovereign Bank Money Market Account #1674062206 11/03/2008 one-half value reported in spouse's estate TOTAL BANK INTEREST TOTAL RECEIPTS OF INCOME 1.52 1.52 65.40 367.76. SCHEDULE OF DISTRIBUTION Debra A. Field 07/12/10 Cash -balance of 1/2 of residue Pamela S. Garrett 07/12/10 Cash -balance of 1/2 of residue Gibbel Kraybill & Hess LLP 07/12/10 Cash -escrowed amount pending settlement of suit 2,847.32 3, 743.51 5,000.00 TOTAL DISTRIBUTION $11,590.83 SCHEDULES of DLSTRIBUTION from the ESTATES of JACK F. KELLEY and LOLS A. KELLEY .isck F. Kelley Advance distributions: Remaining funds available for distribution: 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 DLST'RIBUTION: Debra A. Field Advance distribution received from Jack F. Kelley Estate: Advance distribution received from Lois A. Kelley Estate: Remaining amount to be disln7iutad TOTAL DISTRIBUTION: Pamela S. Garrett 191,308.33 1,988.28 193,296.61 219,840.54 11,590.83 231,431.37 424,727.98 (5,000.00) $ 419,727.98 109,075.97 95,952.42 4,833.60 209,863.99 Advance distribution received from Jack F. Kelley Estate: 82,232.36 Advance distribution received from Lois A. Kelley Estate: 123,888.12 ~~ng amount ~ ~ ~~~ 3,743.31 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. 21-2008-1056 Estate of Lois A. Kelley, Deceased Verification Debra A. Field, Executrix under the Last Will and Testament of Lois A. Kelley, Deceased, hereby declares under oath that he/ahe 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 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. .~ br A. Field, Executrix Dated: /z ~/~ IN THE COURT OF COMMON PLEAB OF CUMBERLAND COUNTY, PENN8YLVANIA ORPHAN8' COURT DIVI810N IN RE: THE ESTATE OF LOTS A. KELLEY ("the Deceased") LATE OF SOUTH MIDDLETON TWP EXECUTRIX: Debra A. Field ("the Executrix") No. 21-200&1056 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 $98,799.74, 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 WH~REOF, intendin to be legally bound, I have hereunto set my hand and seal this ~~ day of v , 2010. E RA A. FIELD IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENN8YLVANIA ORPHANS' COURT DIV1810N IN RE: THE ESTATE OF ) LOTS A. KELLEY ) ("the Deceased") ) LATE OF SOUTH MIDDLETON TWP. ) No. 21-2008-1056 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 $127,631.63, 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, int nding to be legally bound, I have hereunto set my hand and seal this ~ day of , 2010. 7tirn ~ .X t Gr1Jr n ~ PAMELA S. GARRETT