Loading...
HomeMy WebLinkAbout08-11-11n ..' ':hl ~' ~ , . - -1 _.~ C7 IN THE COURT OF COMMON PLEAS OF > :~ ~ ~- ~" ~~ _., , CUMBERLAND COUNTY, PENNSYLVANIA ~ ~ , .. ORPHANS' COURT DIVISION _' '' _ ~, ,- r ESTATE OF DANUTA VALENTINO, DECEASED ~ ~~' FILE N0.2010-00820 FAMILY AGREEMENT AND FINAL RELEASE THIS AGREEMENT by and between JOANNE D. VALENTINO, as Executrix of the Estate of DANUTA VALENTINO, Deceased and JOANNE D. VALENTINO, as a beneficiary and as Trustee of the Special Supplemental Care Trust for the benefit of ANTHONY VALENTINO. WHEREAS, DANUTA VALENTINO, late of Hampden Township, Cumberland County, Pennsylvania, died testate on July 5, 2010, having first made her Last Will and Testament dated June 11, 2003, and a First Codicil dated December 11, 2006, which instruments were admitted to probate and are recorded in Cumberland County, Register of Wills, File No. 2010-00820; WHEREAS, JOANNE D. VALENTINO has been duly appointed as Executrix of the Estate of Danuta Valentino, Deceased; and WHEREAS, the parties in interest under the Last Will and Testament and First Codicil of Danuta Valentino, Deceased, are: 1. Joanne D. Valentino, daughter 2. Anthony Valentino, son WHEREAS, pursuant to the First Codicil, JOANNE D. VALENTINO is entitled to the real estate located at 4917 Shasta Way, Hampden Township, Cumberland County, Pennsylvania; Page 1 of 4 .~~,C'; ESTATE OF DANUTA VALENTINO DATE OF DEATH JULY 5, 2010 SUMMARY STATEMENT OF ACCOUNT Assets -Schedule A Income -Schedule B Principal Increases/Decreases -Schedule C Disbursements -Schedule D Assets Available for Distribution Distributions to Beneficiaries -Schedule E Balance* $ 290,020.88 $ 1,746.11 $ - $ (45,236.13) $ 246,530.86 $ 246,530.86 *After final distribution is made, the residuary beneficiaries agree to pay further liabilities of the decedent in the future, if applicable. Period 7/5/2010-8/9/2011 Exhibit A ESTATE OF DANUTA VALENTINO ASSETS SCHEDULE A DESCRIPTION REAL PROPERTY 4917 Shasta Way, Hampden Township, Cumberland County SECURITIES Vanguard Admiral Treasury Money Market Fd (VUSXX); 78,868.49 shs @ $1/sh Vanguard GNMA Fund (VFIIX); 2,964.354 shs @ $11/sh CASH Citizens Bank Checking 6100766357 REIMBURSEMENTS/REFUNDS United States Treasury; 2010 Form 1040; overpayment refund TANGIBLE PROPERTY Household goods (no resale value) VALUE AT DATE OF DEATH $ 177,837.50 $ 78,868.49 $ 32,607.89 $ 152.00 $ 555.00 $ - $ 290,020.88 Period 7/5/2010-8/9/2011 ESTATE OF DANUTA VALENTINO INCOME SCHEDULE B DESCRIPTION Dividend Income 7/30/10 Vanguard Admiral Treasury Money Market Fund $ 0.68 7/30/10 Vanguard GNMA Fund $ 85.98 8/27110 Vanguard Admiral Treasury Money Market Fund $ 1.05 8/27/10 Vanguard GNMA Fund $ 92.95 8/31/10 Vanguard Admiral Treasury Money Market Fund $ 0.04 8/31/10 Vanguard GNMA Fund $ 6.61 9/30/10 Vanguard Admiral Treasury Money Market Fund $ 0.44 9/30/10 Vanguard GNMA Fund $ 98.27 10/29/10 Vanguard Admiral Treasury Money Market Fund $ 0.35 10/29/10 Vanguard GNMA Fund $ 95.71 11/30/10 Vanguard Admiral Treasury Money Market Fund $ 0.32 11/30/10 Vanguard GNMA Fund $ 87.99 12/30/10 Vanguard GNMA Fund $ 89.14 12/31/10 Vanguard Admiral Treasury Money Market Fund $ 0.33 1/31/11 Vanguard Admiral Treasury Money Market Fund $ 0.48 1/31/11 Vanguard GNMA Fund $ 89.57 2/28/11 Vanguard Admiral Treasury Money Market Fund $ 0.75 2/28/11 Vanguard GNMA Fund $ gg.77 3/31/11 Vanguard Admiral Treasury Money Market Fund $ 1.24 3/31/11 Vanguard GNMA Fund $ 87.41 4/29/11 Vanguard Admiral Treasury Money Market Fund $ 0.74 4/29/11 Vanguard GNMA Fund $ 86.73 5/31/11 Vanguard Admiral Treasury Money Market Fund $ 0.67 5/31/11 Vanguard GNMA Fund $ 90.38 6/15/11 Vanguard GNMA Fund $ 46.75 6/22/11 Vanguard Admiral Treasury Money Market Fund $ 0.23 Other Income 12/30/10 Vanguard GNMA Fund; ST cap gain dst @ .181 $ 544.20 12/30/10 Vanguard GNMA Fund; LT cap gain dst @ .05 $ 150.33 $ 1, 746.11 Period 7/5/2010-8/9/2011 Schedule B, Page 1 ESTATE OF DANUTA VALENTINO INCOME SCHEDULE B Investment Activity/Reinvestment 7/30/10 Vanguard Admiral Treasury Money Market Fund; .68 @ $1 $ 0.68 7/30/10 Vanguard GNMA Fund; 7.76 @ $11.08 $ 85 gg 8/27/10 Vanguard Admiral Treasury Money Market Fund; 1.05 @ $1 $ 1.05 8/27/10 Vanguard GNMA Fund; 8.412 @ $11.05 $ 92 95 8/31/10 Vanguard Admiral Treasury Money Market Fund; .04 @ $1 $ 0.04 8/31/10 Vanguard GNMA Fund; .596 @ $11.091 $ 6.61 9/30/10 Vanguard Admiral Treasury Money Market Fund; .44 @ $1 $ 0.44 9/30/10 Vanguard GNMA Fund; 8.917 @ $11.021 $ 98 27 10/29/10 Vanguard Admiral Treasury Money Market Fund; .35 @ $1 $ 0.35 10/29/10 Vanguard GNMA Fund; 8.615 @ $11.11 $ 95.71 11/30/10 Vanguard Admiral Treasury Money Market Fund; ..32 @ $1 $ 0.32 11/30/10 Vanguard GNMA Fund; 7.949 @ $11.069 $ 87 gg 12/30/10 Vanguard GNMA Fund; 14.036 @ $10.71 $ 150.33 12/30/10 Vanguard GNMA Fund; 50.812 @ $10.71 $ 544.20 12/30/10 Vanguard GNMA Fund; 8.3 @ $10.74 $ 89.14 12/31/10 Vanguard Admiral Treasury Money Market Fund; .33 @ $1 $ 0.33 1/31/11 Vanguard Admiral Treasury Money Market Fund; .48 @ $1 $ 0.48 1/31/11 Vanguard GNMA Fund; 8.348 @ $10.73 $ 89 57 2/28/11 Vanguard Admiral Treasury Money Market Fund; .75 @ $1 $ 0.75 2/28/11 Vanguard GNMA Fund; 8.087 @ $10.73 $ 86 77 3/31/11 Vanguard Admiral Treasury Money Market Fund; 1.24 @ $1 $ 1.24 3/31/11 Vanguard GNMA Fund; 8.154 @ $10.72 $ 87.41 4/29/11 Vanguard Admiral Treasury Money Market Fund; .74 @ $1 $ 0.74 4/29/11 Vanguard GNMA Fund; 8.001 @ $10.84 $ 86.73 5/31/11 Vanguard Admiral Treasury Money Market Fund; .67 @ $1 $ 0.67 5/31/11 Vanguard GNMA Fund; 8.254 @ $10.95 $ 90.38 Period 7/5/2010-8/9/2011 Schedule B, Page 2 ESTATE OF DANUTA VALENTINO PRINCIPAL INCREASES/DECREASES SCHEDULE C DATE DESCRIPTION AMOUNT GAIN/LOSS 8/27/10 Vanguard Admiral Treasury Money Market Fund; 40,000 shs @ $1/sh Sales Price $ 40,000.00 Estate Value $ 40,000.00 6/22/11 Vanguard Admiral Treasury Money Market Fund; 38,875.58 shs @ $1/sh Sales Price $ 38,875.58 Estate Value $ 38,875.58 $ - Period 7/5/2010-8/9/2011 ESTATE OF DANUTA VALENTINO DISBURSEMENTS SCHEDULE D DESCRIPTION Neill Funeral Home Register of Wills, Cumberland County; probate fees Jan L Brown & Associates; legal fee Family Exemption: Joanne D Valentino, claimant Parks & Company; 1040 income tax preparation fee Parks & Company; 1041 income tax preparation fee Cumberland Law Journal; legal advertising The Sentinel; legal advertising Recorder of Deeds, Cumberland County; deed filing fee Messiah Village Partial reimb to Citizens Bank Ckg 6100763056 (Jt Account) Register of Wills Agent; Inheritance Tax PA Department of Revenue; PA-41 yr ended 6/30/11 CATEGORY Funeral Adm Adm Adm Adm Adm Adm Adm Adm Debt Debt Tax Tax DISBURSEMENTS FROM CITIZENS BANK CKG 6100763056 (Jt Account) Funeral luncheon Register of Wills, Cumberland County; probate fees David Leroy Plumbing Inc Hampden Township; trash/sewer Independent Home Solutions; stairlift Master Card "3326 Messiah Village Michael Langan Treasurer Tax Collector PA American Water PPL Electric Utilities Trimbur's Lawn Care Verizon Visiting Nurse Association of Central PA; lifeline auto alert Adm Adm Debt Debt Debt Debt Debt Debt Debt Debt Debt Debt Debt AMOUNT $ 6,965.00 $ 150.00 $ 10,000.00 $ 3,500.00 $ 250.00 $ 300.00 $ 75.00 $ 198.16 $ 63.00 $ 3,437.50 $ 3,886.18 $ 16,357.29 $ 54.00 $ 45,236.13 $ 150.00 $ 284.50 $ 580.00 $ 150.00 $ 315.00 $ 858.81 $ 459.00 $ 1, 370.95 $ 125.78 $ 198.23 $ 336.55 $ 182.88 $ 116.00 $ 5,127.70 Period 7/5/2010-8/9/2011 ESTATE OF DANUTA VALENTINO DISTRIBUTION TO BENEFICIARIES ACCORDING TO LAST WILL AND TESTAMENT DATED JUNE 11, 2003 AND FIRST CODICIL DATED DECEMBER 11, 2006 SCHEDULE E Joanne D Valentino, daughter, specific bequest 4917 Shasta Way, Hampden Township, Cumberland County Anthony F Valentino, son, one-half residuary estate To be held in Special Supplemental Care Trust, Joanne D Valentino, Trustee Cash distribution on or about 8/9/11 Joanne D Valentino, daughter, one-half residuary estate Cash distribution as follows: Cash distribution from Vanguard GNMA Fund on 6/15/11 Transfer of ownership of 3,120.595 shs of VFIX as follows: Vanguard GNMA Fund; 2,964.354 shs @ $11/sh Vanguard GNMA Fund; 7.76 @ $11.08/sh Vanguard GNMA Fund; 8.412 @ $11.05/sh Vanguard GNMA Fund; .596 @ $11.091/sh Vanguard GNMA Fund; 8.917 @ $11.021/sh Vanguard GNMA Fund; 8.615 @ $11.11/sh Vanguard GNMA Fund; 7.949 @ $11.069/sh Vanguard GNMA Fund; 14.036 @ $10.71/sh Vanguard GNMA Fund; 50.812 @ $10.71/sh Vanguard GNMA Fund; 8.3 @ $10.74/sh Vanguard GNMA Fund; 8.348 @ $10.73/sh Vanguard GNMA Fund; 8.087 @ $10.73/sh Vanguard GNMA Fund; 8.154 @ $10.72/sh Vanguard GNMA Fund; 8.001 @ $10.84/sh Vanguard GNMA Fund; 8.254 @ $10.95/sh $ 177,837.50 $ 177,837.50 $ 34, 346.68 $ 34, 346.68 46.75 $ 32,607.89 $ 85.98 $ 92.95 $ 6.61 $ 98.27 $ 95.71 $ 87.99 $ 150.33 $ 544.20 $ 89.14 $ 89.57 $ 86.77 $ 87.41 $ 86.73 $ 90.38 $ 34,346.68 $ 246,530.86 Period 7!5/2010-8/9/2011