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HomeMy WebLinkAbout02-16-11 Imo- ~ .~~~ ~ ..,~, ~o ~~ ~z~ rri ` ' ~~ ~-~ ~-~ ~~~r ; ~ =`=; FAMILY SETTLEMENT AGREEMENT ~ °' ~ r ESTATE OF DOROTHY M BROWN ~°o ~ ,=} . CUMBERLAND COUNTY FILE N0.2007-O1 ~~ ~' ~~ o ~~. --~ File No. 21-07-1114 THIS is an agreement entered into this ~_ day of March, 2010, by and between Kathy M. Kyle, Executrix and Beneficiary under the Estate of Dorothy M. Brown, of 149 Allendale Way, Camp Hill, PA 17011 (Executrix), Robert E. Brown, Cumberland County Nursing Home, Beneficiary, Peggy Ann Rizzuto, 1501 West Philadelphia Street, York, PA, Beneficiary, and James Alan Kyle, 1201 Campbell Street, Williamsport, PA 17701, Beneficiary, whose names are set forth as signatories at the end of this Agreement. WHEREAS: A. Dorothy M. Brown, of 3605 Trindle Road, Camp Hill, PA 17011, died on December 5, 2007. B. On December 5, 2007, Letters Testamentary were granted to Kathy M. Kyle at File No. 21-07-1114 in the Register of Wills Office for Cumberland County, Pennsylvania. C. Executrix has administered the estate up until the present time and has paid all debts of the estate, including Inheritance Tax owed. D. Dorothy M Brown died testate, thereby vesting all rights and interest in her personal and real property to her husband, Robert E. Brown then to her children and stepchildren, equally, share and share alike, per stirpes. E. The estate has received assets as set forth in Exhibit A attached hereto and made a part hereof; has paid debts and expenses as set forth in Exhibit B attached hereto and made a part hereof; and has made distributions as set forth in Exhibit C attached hereto and made a part hereof. F. There remains no funds available to be distributed to the beneficiaries based on the assets and debts and expenses as set forth in Exhibits A and B. The estate is insolvent. G. Executrix and Beneficiaries desire to forego a formal accounting and schedule of distribution and desire to conclude the estate by virtue of the filing of this document. NOW, THEREFORE, Executrix and Beneficiaries, intending to be legally bound, state as follows: 1. The Executrix and Beneficiaries agree that the Executrix of the Estate of John A. Patterson need not file a formal accounting or schedule of distribution. 2. .Executrix states that all costs of the estate are paid. 3. The parties designate this statement as a "satisfaction of award" and hereby authorize and direct the Clerk of Orphans' Court to make satisfied of record any award which may subsequently be made by the Court with respect to the distribution made to the distributees in this Agreement. 4. The parties agree that this Family Settlement Statement shall be filed with the Clerk of Orphans' Court in final settlement of the estate of Dorothy M. Brown, subject to the provisions hereof. IN WITNESS WHEREOF, Executrix and Beneficiaries, intending to be legally bound, hereby set their hands and seals the day and year first above written. WITNESS: '/ c.G~a~. EXHIBIT A -ASSETS ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Commerce (Metro) Bank, NA $ 3,411.85 Savings Account No. 626875140 2. Commerce (Metro) Bank, NA, $ 1,363.56 Checking Account No. 537607525 3. Sears Credit Cards (Overpayment refund) $ 173.28 Account #3633-10 4. Highmark (Premium Refund) $ 403.94 Group Policy #MP00719 TOTAL $ 5,352.63 EXHIBIT B -DEBTS AND DEDUCTIONS ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Ewing Brothers Funeral Home, Inc., $ 4,000.00 Grave marker Ewing Brothers, Inc. $ 1,048.00 B. ADMINISTRATIVE COSTS: 1. Attorney fees John H. Broujos $ 1,050.00 2. Probate Fees Petition for Letters, Short Certificates (6) $ 84.00 C. MISCELLANEOUS EXPENSES: 1. Register of Wills, Filing Inheritance Tax Return $ 30.00 2. Register of Wills, Filing Famjly Settlement Agreement $ 20.00 TOTAL DEBTS, DEDUCTIONS $ 6,232.00 EXHIBIT C -DISTRIBUTION Assets Debts and Deductions $ 5,352.63 6 232.00 Balance for Distribution $ -879.37