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Home My WebLink About12-16-10. ~~- i :~. a 'J 201p C { 6 PMI~-~iI~Y SETTLEMENT AND FINAL RELE~-SE IN THE ESTATE OF LORETTA J. NEGLEY A/K/A LORETTA JOY NEGLEY, DECEASED CLERK QF yl~ 'S C AGREEMENT, is executed as of this %y' d-ay of between, JASON K. NEGLEY, hereby designated as Administrator hereinafter referred to as "Personal Representative", of the Estate of Loretta J. Negley a/k/a Loretta Joy Negley, hereinafter referred to as "Decedent", and- JASON K. NEGLEY, hereinafter referred to as "Beneficiary". WITNESSETH: WHEREAS, Decedent died intestate on October 29, 2009, without having any Last Will and Testament, and on petition the Personal Representative was duly appointed as Administrator of the Estate of Loretta J. Negley a/k/a Loretta Joy Negley, by Letters of Administration dated November 13, 2009, without Bond, and WHEREAS, under the Intestate Laws of the Commonwealth of Pennsylvania, the undersigned are the Beneficiary and legal heir of the Decedent and entitled to the statutorily designated interest in the Estate, as indicated by the Schedule of Distribution submitted to the Beneficiary, and WHEREAS, The Personal Representative has proceeded with the administration of the Estate, paid all debts of the Decedent and claims against the Estate, administration expenses, taxes and now know of no other unpaid claim to be paid out of Estate assets, and WHEREAS, the Personal Representative has prepared an Account and Schedule of Distribution under the Intestate Laws of the Commonwealth of Pennsylvania, which has been submitted to the Beneficiary for his review, a true and correct copy whereof is intended to be attached to the original document executed by the Beneficiary. NOW, THEREFORE, intending to be legally bound hereby, the Beneficiariy agrees as follows: 1. SATISFACTION WITH ACCOUNT: Each party agrees or acknowledges that he or she has fully and carefully examined the Account of the Personal Representative and the Schedule of Distribution relating thereto and find him to be acceptable. H~g~~~&W~,o~ 2. RELEASE: The Beneficiariy does hereby remise, release and quitclaim and ~4,~..~~~~ forever discharge the said Personal Representative, and his heirs, executors, °}[A[(BBHHBSJ80. PA 1'~¢ol administrators, and assigns, of and from all actions, suits, payments, °~ ""'P~B°"° accounts, reckonings, claims and demands whatsoever for or by reason lAt: ~~~~~Y~Ys thereof, or for any other use, matter, cause or thing whatsoever touching upon ~~ the Estate of the Decedent, and all duties of the Personal Representative of the Estate, except for disposition of any funds reserved in the Account or for matters specially mentioned. 3. REIMBURSEMENT OF FUTURE CLAIMS AGAINST ESTATE: Beneficiary promises he will reimburse or contribute to the Personal Representative or the Estate, as the case may be, his prorate share of any expense incurred or payment to be made with respect to a debt of Decedent, a tax, including penalty or interest, or other claim which may hereafter be determined to be a legally valid and timely claim against the Estate, which but for the distribution of assets contemplated hereby would be payable out of the Estate assets. In the reasonable discretion of the Personal Representative it may be determined that any such claim should be compromised and Beneficiaries agrees to be bound by the exercise of such discretion. 4. PAYMENT OF SHARES: Beneficiaries hereby acknowledges that after a release is signed by all necessary parties, the Personal Representative will forthwith deliver checks to each party in the amounts set forth opposite the respective names in the Schedule of Distribution. 5. AW IVER: This instrument is a full and final Family Settlement Agreement by and among the parties hereto, both fiduciary and individual, all of the same having been arrived at, concluded and executed after a full and complete disclosure of the said Estate and the rights of the parties therein and thereto and all of the parties hereto, and each of them agrees to abide by the terms hereof. The parties hereto waive any filing of an Account and Schedule of Distribution with any Court. 6. FUTURE COOPERATION: The parties hereto, and each of them agree that they will at all times in the future and whenever necessary, appropriate or conveniently make, execute and deliver to the said Personal Representative, or to any other party or persons, any and all instruments, documents, conveyances, deeds, releases or other instruments of any kind necessary or convenient to carry out the intention of this agreement and/or to permit, assist and enable the Personal Representative to fulfill fiduciary duties with reference to the said Estate and all assets thereof. 7. ENTIRE AGREEMENT: This Agreement constitutes the entire understanding between the parties hereto, and all acknowledge that no representations or promises of any kind have been made by anyone other than as contained H~~~~~w~,o~ herein or referenced hereto. t47 pwsr wer~nr°aotr exe>rssr °"""H~"8O'p°"~°` 8 ,BINDING EFFECT: This Agreement shall inure to the benefit of and be ~°"~ ""'~~°°~° binding upon the parties hereto and each of them, their heirs, executors, PN[: 17171EB390P0 administrators, successors and assigns. IN WITNESS WHEREOF, the parties have executed this Family Settlement and Final Release to be effective as of the date aforesaid. WITNESS: ..~- ~ (SEA ASON K. NEGLE divi ally and as Administrator ACKNOWLEDGEMENT Hosa:lasoN 8c WP.1vOntt 147 L4l wAf~.OT01. BlBS~Il p$AIIB$BSBII86, PA 17EU1 COMMONWEALTH OF PENNSYLVANIA COUNTY OF FRANKLIN On this ~ day of , 2010, before me, a Notary Public, the undersigned officer, persona y appeared JASON K. NEGLEY, known to me (or satisfactorily proven), to be the person(s) whose name(s) is subscribed to the within instrument, and acknowledged the foregoing instrument to be hix act and deed, and desired the same to be recorded as such. Witness my hand and official PHOMS: (')17) SB3~B036 rez: bt7)89O-BOae Commomweafth of Pennsylvania NOTARIAL SEAL PENNY R. MORRISON, NOTARY PUBLIC B~tOUGH OFCHAMBERSBURG,rRANKIIN COUNT( MY COMMISSION ExPoRES MAY 19 2014 SUMMARY OF ACCOUNT PRINCIPAL RECEIPTS Real Estate $ 89,000.00 Stocks and Bonds 747.72 Personal Property 177.192.96 TOTAL PRINCIPAL RECEIPTS $266,940.68 INCOME RECEIPTS: Interest $ 5,362.29 TOTAL INCOME RECEIPTS $ 5.362.29 TOTAL RECEIPTS $272,302.97 PRINCIPAL DISBURSEMENTS Funeral Expenses $ 4,610.24 Taxes 10,900.00 Fees and Commissions 13,367.00 Administration Expenses 5,607.81 Debts of Decedent 243.31 TOTAL PRINCIPAL DISBURSEMENTS $34,728.36 TOTAL DISBURSEMENTS ~ 34.728.36 NET ESTATE FOR DISTRIBUTION 5237.574.61 Net Estate for Distribution consisting of: 1. Real Estate $ 89,000.00 2. Cash 148,574.61 TOTAL $237,574.61 SCHEDULE OF DISTRIBUTION Schedule of distribution in accordance with the Intestate Laws of the Commonwealth of PA: 1. Jason K. Negley -Residue of Estate A. Real Estate, in kind $ 89,000.00 B. Savings Bonds, in kind 189.44 C. Partial Distribution made 01/27/2010 25,000.00 D. Partial Distribution made 07/14/2010 5,000.00 E. Final distribution 123.385.17 HEN&w~o~ Total Distributions $237.574.61 ..] Pd.T .I.~.dfON ers>~r °$°~ P"'~°' which exhausts the funds for distribution P62: 1]3]120f.L0°2B PRINCIPAL RECEIPTS ppg%IN90N PC WEIQ088 147 L81' WA6HIItOxOx pH,,,®EHNHUHA, PA 17801 PHONE: (7171866HE06 rez: 1717189t3dOY6 REAL ESTATE 10/29/2009 Tract of real estate located in the Borough of Newburg, Cumberland County, PA - known and numbered as 15 W. Main Street, appraised at $ 89.000.00 TOTAL REAL ESTATE $ 89,000.00 STOCKS AND BONDS 10/29/2009 Series EE Savings Bond issued 12/2002 #C752710459EE $ 62.48 Series EE Savings Bond issued 02/1989, #C 196129380EE 142.36 Series EE Savings Bond issued 02/2002, #C752656359EE 64.80 Series EE Savings Bond issued 05/1989, #C 196167664EE 139.56 Series EE Savings Bond issued 08/1989, #C210996370EE 139.56 Series EE Savings Bond issued 11/1989, #C226715853EE 136.80 Series EE Savings Bond issued 04/2003, #C764564083EE 62.16 TOTAL STOCKS AND BONDS $ 747.72 PERSONAL PROPERTY 10/29!2009 Greystone Tvwer Bank - CD ending #0264 $ 70,000.00 accrued interest to d/o/d 103.56 M&T Bank, CD ending #7507 47,000.00 accrued interest to d/o/d 112.22 Orrstown Bank, CD ending #8048, with accrued interest to d/o/d 47,026.78 Orrstown Bank, Savings Acct. ending #1701, with accrued interest to d/o/d 3,962.23 Orrstown Bank, Check Acct. ending 7293 2,042.09 12/03/2009 State Employee's Retirement System - retirement check 1,094.61 12/11/2009 State Employee's Retirement System - retirement check 1,094.61 02/01/2010 Curtis Bender -purchase of 1993 Chrysler Sedan 300.00 02/01/2010 Mark E. Worden -purchase of 1993 Ford SW 400.00 02/18/2010 Strickler Insurance Co. -refund of auto insurance 406.00 05/04/2010 Net proceeds from public sale of personal property 1,861.75 06/04/2010 PA Department of Revenue -tax refund 529.00 06/04/2010 PA Department of Revenue -tax refund 703.68 08/06/2010 Strickler Insurance -refund of homeowner's insurance 39.00 11/03/2010 Commonwealth of PA -Inheritance Tax Refund 444.80 11/11/2010 Penelec -refund 72.63 TOTAL PERSONAL PROPERTY $177.192.96 TOTAL PRINCIPAL RECEIPTS $266,940.68 PRINCIPAL DISBURSEMENTS FUNERAL EXPENSES 12/03/2009 Fogelsanger-Bricker Funeral Home - funeral bill $ 3,089.24 01/20/2010 Eby Granite Works -stone and engraving 1.521.00 TOTAL FUNERAL EXPENSES $ 4,610.24 TAXES 01/27/2010 Cumberland County Register of Wills - Inheritance Tax payment TOTAL TAXES FEES AND COMMISSIONS Hoskinson & Wenger -Attorney fee TOTAL FEES AND COMMISSIONS ADMINISTRATION EXPENSES 12/11 /2009 01 /20/2010 01 /20/2010 01 /20/2010 01 /20/2010 01 /20/2010 01 /27/2010 02/01 /2010 Hossn~sox & wExosa 02/01 /2010 1•~>=.aP W.~~~ ~ 02/01 /2010 °"°'®~°g°' P° °°°' 02/18/2010 PaON6 !'11'71 E636636 02/18/2010 PAS: 17171 p0(YBOPB 02/26/2010 CenturyLink -telephone bill CentruryLink- telephone bill Kuhn Communications -cable bill Penelec -electric bill State Employee's Retirement System - overpayment Timmon's Oil, Inc. -fuel oil bill Penny R. Morrison -notary fees/Release Cumberland County Law Journal -legal notice Penelec -electric bill Postmaster - P.O. box renewal CenturyLink -telephone bill Timmon's Oil, Inc. -fuel oil bill The Sentinel -legal notice $ 10.900.00 $ 10,900.00 $ 13.367.00 $ 13,367.00 $ 36.77 35.91 14.22 15.87 1,205.30 456.10 15.00 75.00 33.66 35.00 36.03 241.00 155.58 6 03/16/2010 Ausherman Bros. Real Estate, Inc. -real estate appraisal 300.00 03/16/2010 CenturyLink -telephone bill 36.98 03/16/2010 PA Department of Revenue - 2009 Income Tax due 228.00 03/16/2010 Richard L. Hockenberry, TC - 2010 County and Road real estate taxes 299.38 03/16/2010 Timmons Oil, Inc. -fuel oil bill 220.38 03/16/2010 United States Treasury - 2009 Income Tax due 236.00 04/06/2010 Newburg-Hopewell Joint Authority -sewer bill 64.00 04/06/2010 Penelec -electric bill 14.19 04/22/2010 CenturyLink -telephone bill 36.09 04/22/2010 Penelec -electric bill 15.01 05/04/2010 Timmons Oil, Inc. -fuel oil bill 96.14 05/20/2010 CenturyLink -telephone bill 36.22 05/20/2010 Chamberlin 8~ Wingert Sanitary Services, LLC, public sale expense 65.00 05/20/2010 Penelec -electric bill 14.72 06/29/2010 CenturyLink -telephone bill 36.22 06/29/2010 Cumberland County Recorder of Deeds - recording fees 63.00 06/29/2010 Penelec -electric bill 10.89 06/29/2010 Penny R. Morrison -notary fees/Deed 5.00 07/12/2010 Cumberland County Register of Wills - probate fees (paid in advance) 315.00 07/12/2010 Cumberland County Register of Wills - balance of probate fees 65.00 07/14/2010 Penny R. Morrison -notary fees/Second partial release 15.00 08/06/2010 Penelec -electric bill 25.77 08/12/2010 CenturyLink -telephone bill 19.38 Reserve for preparation of Fiduciary Tax Returns 1,000.00 Cumberland County Clerk of Courts -filing fee/ Family Release 20.00 Penny R. Morrison -notary fees/ final Release 15.00 TOTAL ADMINISTRATION EXPENSES $ 5,607.23 DEBTS OF DECEDENT Hag:N~Ne~w>~.,o>~ 11/16/2009 CenturyLink -telephone bill $ 35.82 ..]>~..~~~~ 11/16/2009 Timmons Oil, Inc. -fuel oil bill 94.47 °"°"~H"~°~ P°"~°' 12/03/2009 Penelec -electric bill 34.88 P8°"~ "1]129°e°°° 12/11!2009 Kuhn Communications -cable bill 14.14 PAS: 1]1]12998029 7 01/20/2010 Newburg-Hopewell Joint Authority -sewer bill 64.00 TOTAL DEBTS OF DECEDENT $ 243.31 TOTAL PRINCIPAL DISBURSEMENTS $ 34,728.36 INCOME RECEIPTS Hossixsox & Waxoslz 14! IIJ6[ WA®I61010N 4181gI pysl[HEB6HII$O, PA 1!801 PHOlPG 1!1!186.38606 rw]C: 1!!!18636086 INTEREST 10/30/2009 Orrstown Bank, CD #8048 01/20/2010 M&T Bank, CD #7507 02/01/2010 M8~T Bank, CD #7507 02/01/2010 Greystone Tower Bank, CD #0264 03/16/2010 MB~T Bank, CD #7507 03/16/2010 M8~T Bank, CD #7507 04/15/2010 M&T Bank, CD #7507 05/04/2010 Greystone Tower Bank, CD #0264 05/15/2010 M&T Bank, CD #7507 06/15/2010 M8T Bank, CD #7507 08/06/2010 Greystone Tower Bank, CD #0264 08/06/2010 M&T Bank, CD #7507 09/21/2010 Series E Savings Bonds 09/28/2010 M&T Bank, CD #7507 10/18/2010 Greystone Tower Bank, CD #0264 10/26/2010 M&T Bank, CD #7507 11/30/2010 M&T Bank, CD #7507 11/11/2010 M8~T Bank, CD #7507 TOTAL INTEREST TOTAL INCOME RECEIPTS $ 27.22 85.97 204.81 690.41 184.96 204.80 204.81 776.71 198.18 204.81 785.34 198.19 22.56 204.81 793.97 204.81 198.19 171.74 $ 5.362.29 $ 5,362.29 8