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HomeMy WebLinkAbout10-06-10IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA IN RE: ESTATE OF BETTIE L. SNELL, DECEASED ORPHANS COURT DIVISION N0.2009-01200 FAMILY AGREEMENT FILED ON BEHALF OF: DEBORAH S. HOOVER, EXECUTRIX PETER J. KRAMER, ESQUIRE PA. I. D. #34350 1970 TECHNOLOGY PARKWAY, MECHANICSBURG, PA 17050 t.L O ~._, Rj cV ~., ~ ~ ,. i.1.i ;~-, . l'O W ~' ~: ..~ : '~ c_ a ~ ~ F~ D _ ~ ~ . 4 ~~ c2_ .~ Oj o N U FAMILY AGREEMENT THIS AGREEMENT is made by and between Deborah S. Hoover of Camp Hill, Pennsylvania, individually and as Executrix of the Estate of BETTIE L. SNELL, Deceased, and Douglas Snell of New Cumberland, Pennsylvania. WHEREAS; Bettie L. Snell, who resided at 1264 Summit View Court, New Cumberland, Cumberland County, Pennsylvania died September 24, 2009 having left her Last Will and Testament dated September 10, 2009, which was duly admitted to probate by the Register of Wills of Cumberland County at the above number and term on December 29, 2009; and WHEREAS; Deborah S. Hoover has been duly appointed as Executrix of the Estate of Bettie L. Snell, Deceased; and WHEREAS; the parties in interest under the Last Will and Testament of Bettie L. Snell, Deceased, are: (1) Deborah S. Hoover, daughter, adult; (2) Douglas Snell, son, adult. WHEREAS; each of the above identified parties in interest is entitled to one-half (1/2) distributive shaze of residuary estate; and WHEREAS; all inheritance taxes have been paid and a Notice of Inheritance Tax Appraisement, Allowance or Disallowance of Deductions and Assessment of Tax has been received from the PA Department of Revenue dated 09-20-2010 with the Tax Return accepted as filed and no additional amount due; and WHEREAS; each of the parties to this Agreement has been furnished with a complete listing of the estate assets, receipts and disbursements as set forth on the Accounting as attached hereto and marked as Exhibit A; and WHEREAS; it is the desire of the parties to this Agreement that the final distribution of the Estate of Bettie L. Snell, Deceased, be accomplished without a formal accounting to the Orphans Court Division of the Court of Common Pleas of Cumberland County, Pennsylvania, it being the desire of the parties to avoid the expense, delay and publicity of a formal accounting; and WHEREAS; the parties to this Agreement each acknowledge to have received a Schedule of Distribution attached hereto and mazked Exhibit B; and NOW, THEREFORE in consideration of the mutual promises, covenants and agreements recited here in the parties hereby agree as follows: 1. Each of the parties to this Agreement does hereby release and forever discharge Deborah S. Hoover, Executrix, from any and all liability which may from time to time arise in connection with her service as Executrix of the Estate of Bettie L. Snell, Deceased. The parties do further agree to indemnify and hold harmless said Deborah S. Hoover, Executrix from any and all liability which may rise against the Estate from creditors or to her claimants. 2. Each of the parties does hereby acknowledge receipt of the assets described in the Schedule of Distribution attached hereto as Exhibit B. 3. Each of the parties to this Agreement acknowledge that this Agreement shall be indexed and recorded in the estate proceedings and that the terms hereof shall be binding upon their respective heirs, successors, administrators, and assigns. 4. This Agreement shall be governed by the laws of the Commonwealth of Pennsylvania. TN WITNESS WI~REOF, the parties intending to be legally bound have executed this Family Agreement this ~ day of October 2010. WI ESS: Deborah S. Hoover, individually and as Executrix of the Estate of Bettie L. Snell eceased e` ~ Douglas nell ,. EXHIBIT A ESTATE OF BETTIE L. SNELL ORPHANS COURT DIVISION N0.2009-01200 FIRST AND FINAL ACCOUNTING Cash, Bank Deposits & Miscellaneous Personal Property Jointly Owned Property Inter-Vivos Transfers & Miscellaneous Non-Probate Property Total Gross Assets Funeral Expenses &c Administrative Costs Debts of Decedent, Liabilities & Liens Family Agreement Petition Filing Fee Total Deductions Net Value of Estate Inheritance Tax Paid $12,717.82 $75,000.00 $76,285.39 $164,003.31 $27,814.69 $10,121.46 $20.00 37 956.15 $126,047.16 5 673.02 EXHIBIT B SCHEDULE OF FINAL DISTRIBUTION ESTATE OF BETTIE L. SNELL ORPHANS COURT DIVISION N0.2009-01200 After payment of remaining outstanding debts, expenses and costs pursuant to Exhibit A and transfer of all Jointly Owned Property, Deborah S. Hoover, adult daughter, and Douglas Snell, adult son, the parties in interest under the Last Will and Testament of Bettie L. Snell, Deceased, are entitled to a one-half (1/2) distributive share of residuary estate as follows: $76,285.39 representing three (3) Midland National Life Annuities.