HomeMy WebLinkAbout06-08-11 (2)IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY,
PENNSYLVANIA
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IN RE:
ESTATE OF IDA M. BINDER,
late of Camp Hill,
~ ~ umberland County,
~ ennsylvania
~~~
No. 2010-01210
~~ RELEASE AND INDEMNIFICATION
~ ~~
'~' AGREEMENT
o_;
The undersigned, the heirs of the Estate of Ida M. Binder, deceased,
desire that the estate be distributed without the formality of a court
accounting.
The Personal Representative of the estate, Rebecca A. Howard, is
willing to consent to such distribution upon receipt of a proper release and
indemnification, which it is the purpose of this document to provide. In
consideration of the willingness of the Personal Representative to make
distribution without the formality of a court accounting and agreement to be
legally bound hereby, the undersigned and on behalf of their heirs, personal
representatives, successors and assigns do hereby:
1. Waive the filing of an account of the administration of the estate
in any court.
2. Declare that the undersigned have examined the attached informal
account and schedule of distribution of the Personal Representative; find it
to be true and correct in all particulars; accept and approve it with the same
force and effect as if it had been prepared and filed with, audited,
adjudicated and confirmed absolutely by a court of competent jurisdiction;
and as if the balance of principal and income had been awarded by the Court
in accordance with the schedule of distribution.
3. Warrant that the heirs named in the informal account and schedule
of distribution are the sole parties in interest in the estate and entitled to
receive the distribution stated therein.
4. Warrant that the undersigned know of no outstanding and
unsatisfied claims against the estate.
5. Approve the distribution of the balance of principal shown in the
informal account and schedule of distribution to the person set forth therein
and attached hereto as Exhibit "A".
6. Absolutely and irrevocably release and discharge the Personal
Representative, her heirs, personal representatives, successors and assigns
of and from any and all actions, liabilities, claims and demands relating in
any way to the administration of the estate and distribution in accordance
with the informal account and schedule of distribution and without a court
accounting and adjudication.
7. Agree to refund to the Personal Representative any amount of the
undersigned's distribution which exceeds the amount to which the
undersigned is entitled as the Personal Representative shall determine.
8. Agree to indemnify and hold harmless, the Personal
Representative, and her heirs, personal representatives, successors and
assigns, from and against any claims, liabilities, loss or expense (including
costs and counsel fees) arising from any cause whatsoever, which the
Personal Representative may incur as a result of the administration of the
estate and its distribution in accordance with this agreement including but not
limited to, any liability for any federal estate taxes, Pennsylvania Inheritance
tax or any other death taxes, and any Federal or Pennsylvania income taxes,
and Pennsylvania personal property taxes, together with any interest and
costs incidental thereto, relating in any way to the estate and also including,
but not limited to, any assets received or payments or distribution made by
reason of any negligence or mistake of law or fact.
IN WITNESS WHEREOF, the parties hereto, set their hands and
seals this ' day of ~ 2011.
/~~
AND
SEAL)
usanne ind r, aughter
Beneficiary
~~
(SEAL)
William H. Binder, son
Beneficiary
(SEAL)
vid O. Bi der, son
Beneficiary
SEAL)
Rebecca A. Howard,
Beneficiary
- EAL)
Rebecca A. Howard,
Personal Representative
ESTATF OF IDA M BINDER
ASSETS RECEIVED:
1. Sovereign Bank checking account #0351062378 $ 10,000.00
2. Sovereign Bank checking account #0351062378 as closed 5,409.33
3. Smith Barney account# 724-06939-16-790 40,006.89
4. Smith Barney account #724-06939-16-790 as closed 9,901.29
5. The Woods at Cedar Run -refund 92
6. Verizon -refund 74.39
7. Comcast -refund 130.87
8. PA 2010 tax refund 288.30
INCOME RECEIVED:
1. Computershare (McDonalds) stock dividend
2. Computershare (McDonalds) stock dividend
BILLS PAID:
1. Rebecca Howard -reimburse for cost advanced
Probate fees
2. Cumberland County Legal Journal -advertising
3. Patriot News -advertising
4. David Binder -reimburse for funeral lunch at
Firehouse Restaurant
5. Sovereign Bank -fee for date of death balance
6. Susanne Binder -reimburse for miscellaneous
7. Auer Cremation Services -balance on account
$ 65,811.99
$ 3.66
3.66
$ 7.32
149.50
75.00
290.70
1456.96
20.00
2514.56
390.25
EXHIBIT "A"
8. Register of Wills -inheritance tax
9. Register of Wills -additional probate fee
10. Register of Wills -filing fee
11. John Teel, CPA - 2010 tax preparation
12. PA Department of Revenue
13. Veteran's Administration -refund of benefit
Total assets ................... $65,811.99
Plus income received .................7.32
Less bills paid .................. .9,589.37
Balance for distribution ..........$56,229.94
Distribution:
1. Rebecca A. Howard
Partial distribution 2/28/2011
Final distribution 5/19/2011
2. Susanne Binder
Partial distribution 2/28/2011
Final distribution 5/ 19/2011
3. William Binder
Partial distribution 2/28/2011
Final distribution 4/ 10/2011
4. David Binder
Partial distribution 2/28/2011
Final distribution 4/10/2011
2434.40
45.00
30.00
100.00
159.00
1924.00
$ 9,589.37
$ 12,000.00
2,057.48
12,000.00
2,057.48
12,000.00
2,057.49
12,000.00
2,057.49
$ 56,229.94
EXHIBIT "A" (page 2)