HomeMy WebLinkAbout03-29-11 (2)
FAMILY SETTLEMENT AND FINAL RELEASE IN
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ESTATE NUMBER 21-10-693 ..~ ~ ~ t.J ~ ~ 4-i
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KNOW ALL MEN BY THESE PRESENTS
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WHEREAS, Paul H. Shughart, late of Cumberland County, Pennsylvania, died
testate on June 29, 2010, having first made his last Will and Testament which was duly
executed on July 20, 2007; and,
WHEREAS, the said last Will and Testament named Kathryn Huntzinger as
Executor of the decedent's estate; and,
WHEREAS, Letters Testamentary were duly issued by the Register of Wills of
Cumberland County, Pennsylvania to Kathryn Huntzinger on July 9, 2010; and,
WHEREAS, the Executor has filed the Pennsylvania Inheritance Tax Return in
this estate, which has been accepted by the Department of Revenue; and,
WHEREAS, each heir has received an equal distribution from the estate
previously; and,
WHEREAS, all of the decedent's assets have been collected and reduced to
cash, and the decedent's personal obligations and administrative expenses have been
paid.
NOW, THEREFORE, KNOW YE, that we, being the sole residual beneficiaries of
Paul H. Shughart, do hereby acknowledge that we have this day acknowledged our
receipt from the Executor, in full satisfaction and payment of all sum or sums of money,
legacies, bequests, and devises as are given, devised and bequeathed to us by our
father, Paul H. Shughart, due to us under his said Last Will and Testament.
AND, we do hereby stipulate that in order to avoid the expense and time involved
in the filing of a formal account and schedule of distribution, we agree that no account is
necessary and we do hereby agree that we do consent to distribution being made
without the filing of an account and schedule of distribution, the same to be with the
same force and effect as if they had been filed and confirmed by the Orphans' Court
Division of the Court of Common Pleas of Cumberland County;
AND FURTHER, we do release the said Executor from any and all claims against
her for her administration of this estate and any and all. other matter affecting the
administration of the estate.
IN WITNESS WHEREOF, we have hereunto set our hand and seal the day and
year below written opposite my name.
OZ.e-/1.; (SEAL)
Shi le D. Yo g
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rlene . Jei Wings
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- ula Grumbling
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Kat ryn Huntzmg
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INFORMAL ACCOUNT OF EXECUTOR
I. ASSETS
1. Decedent's residence
357 McAllister Church Road
Net proceeds from sale
2. Orrstown Checking
3. Orrstown Savings
4. Proceeds from auction
5. 1992 Mercury Marquis
5. Nationwide Ins Co storm damage
6. Misc. receipts
TOTAL
II. FUNERAL EXPENSES
1. Ewing Brother's Funeral Home
2. County Butcher, flowers, misc.
TOTAL
III. ATTORNEYS FEES PAID
1. Baric Scherer
IV. ADMINISTRATIVE EXPENSES
1. Filing fees, advertising, etc.
V. INHERITANCE TAX
1. Inheritance Tax Payment
2. Refund
NET
VI. ADMINISTRATIVE EXPENSES
$74,405.65
$ 7,879.69
$14,325.69
$ 7,176.02
$ 1,200.00
$ 5, 822.66
$ 118.13
$110,927.84
$ 5,318.89
$ 668.96
$ 5,987.85
$ 3,856.30
$ 552.80
$ 4,900.00
($ 764.70)
$ 4,135.30
1. Miscellaneous $ 654.87
VI. FINAL EXPENSES
1. Filing Fee for Agreement $ 25.00
2. Attorney's Fees to Close Estate $ 508.75
TOTAL $ 533.75
TOTAL EXPENSES
$15,720.87
NET ESTATE
LESS PRIOR DISTRIBUTIONS TO HEIRS
NET REMAINING ESTATE
$95,206.97
$88,000.00
$ 7,206.97
EACH HEIR TO RECEIVE $ 1,801.74