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HomeMy WebLinkAbout09-16-11 (2)IN THE ORPHANS' COURT DIVISION OF THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ESTATE OF FLOYD A. BECKER, DECEASED ~ o r:' .~. No. 2010-00393 °.~ ~~-~ ~~ r ;; ~~,' `- APPROVAL OF ACCOUNT, WAIVER, RECEIPT, "' x ~ , RELEASE, AND AGREEMENT OF INDEMNITY ~ a ° -t, ;_ :~ The circumstances leading up to the execution of this instrument are as follows: ~~ ~~ ~; 1. Floyd A. Becker died on March 20, 2010, leaving a Will dated September 3, 1981, naming Jeffrey E. Becker as Executor. 2. Letters Testamentary were granted to Jeffrey E. Becker by the Register of Wills of Cumberland County on April 13, 2010. 3. It is the desire of the Floyd A. Becker heirs that the Estate be distributed without the formality of a court proceeding in order to save the expense, publicity, and delay incident to such court proceeding, and the Executor is willing to make such distribution upon the execution of this instrument. 4. An account of the administration of the Estate of Floyd A. Becker has been prepared by the Executor. A copy is attached hereto as Exhibit A. 5. In consideration of the foregoing, each of the undersigned hereby: A. Represents and warrants that he/she has read and understands this instrument and that the facts set forth above are true and correct to the best of his/her knowledge, information and belief; ~~ actions, suits, payments, accounts, reckonings, liabilities, claims and demands relating in any way to the administration of the Floyd A. Becker Estate; G. Agrees to indemnify and hold harmless, to the extent of the funds received by him/her hereunder, Jeffrey E. Becker, individually and in his capacity as Executor, from and against any and all claims, loss, liability or damage (including legal fees and costs in connection therewith) which he may suffer or to which he may be subjected by reason of his administration of the Estate, the settlement of his Executor's account and the distribution of the assets of the Estate without having the formal approval of the Orphans' Court Division of the Court of Common Pleas of Cumberland County, including, but not limited to, any liability for any federal estate tax, Pennsylvania inheritance tax or any other death taxes, together with interest and costs incidental thereto, relating in any way to the Estate; and H. Declares it to be his/her intention that this instrument, consisting of three pages, shall be governed by the law of Pennsylvania and shall be legally binding as an agreement under seal upon him/her and upon his/her heirs, executors, administrators and assigns; I. This agreement may be executed in counterparts. Executed on: 9 ~ ~ ^ ~ G ~ ~ (Seal) DATE E. BECKER DATE ~_// CSI ;!~.~C /_~!/ ~~~~Cil• (Seal) NDI MCNELIS -3- BEFORE THE REGISTER OF WILLS, CUMBERLAND COUNTY, PENNSYLVANIA No. 2010-00393 FIRST AND FINAL ACCOUNT OF JEFFREY E. BECKER, Executor For ESTATE OF FLOYD A. BECKER, Deceased Date of Death: Date of Executor's Appointment: Accounting for the Period: March 20, 2010 April 13, 2010 Mazch 20, 2010 to May 17, 2011 PURPOSE OF ACCOUNT: Jef&ey E. Becker, Executor, offers this Account to acquaint interested parties with the transactions that have occurred during his administration. The Account also indicates the proposed distribution of the Estate. It is important that the Account be carefully examined. Requests for additional information or questions or objections can be discussed with: Debra K. Wallet, Esquire 24 N. 32nd Street Camp Hill, PA 17011 I.D. #23989 (717)737-1300 EXHIBIT A SUMMARY OF ACCOUNT Fiduciary Current Acquisition Page Value Value Proposed Distribution to Beneficiaries 4 $0,00 PRINCIPAL Receipts 2 $8,685.18 Net Loss on Sales or Other Dispositions Less Disbursements Funeral Expenses 3 $241.42 Administration Expenses 3 157.50 Fees and Commissions 3 1,435.00 Debts of Decedent 3 6,851.26 $8,685.18 Principal Balance on Hand $0 ~ Balance Before Distributions $0 ~ Combined Balance on Hand $0 ~ RECEIPTS OF PRINCIPAL Assets Listed in Inventory: (Value as of Date of Death) Cash and Bank Deposits: Sovereign Bank Checking Acct. #0931127831 TOTAL ASSETS LISTED IN INVENTORY: Receipts Subsequent to Inventory (Valued When Received) $7,615.38 Prudential Financial, Inc. Account #00031033331 $1,069.80 TOTAL RECEIPTS OF PRINCIPAL: $7,615.38 $8,685.18 2 DISBURSEMENTS OF PRINCIPAL Funeral Expenses• Auer Cremation Services (over prepaid services) $241.42 Administration Expenses: Probate Fees $122.50 Attorney's postage, photocopies, mileage 25.00 Reserve for Filing of Account 10.00 $157.50 Fees and Commissions: Debra K. Wallet, Esq.-Attorney's fees $1,000.00 Jeffrey E. Becker -Executor's fees 435.00 $1,435.00 Debts of Decedent: Department of Public Welfare Claim $6,851.26 3 PROPOSED DISTRIBUTION TO BENEFICIARIES TO: Jeffrey E. Becker $0.00 1015 Swarthmore Road New Cumberland, PA 17070 Cindi McNelis 635 York Haven Road York Haven, PA 17370 0.00 TOTAL PROPOSED DISTRIBUTION TO BENEFICIARIES: $p,pp 4 JUN 0 6 2011 COMMONWEALTH OF PENNSriVANIA DEPARTMENT OF PUBLIC WELFARE BUREAU OF PROGRAM INTEGRITY DNISION OF THIRD PARTY LL4BILITY ESTATE RECOVERY PROGRAM PO BOX 8486 HARRISBURG, PA 17105-B48fi May 31, 2011 DEBRA K WALLET ESQUIRE DEBRA K WALLET, ESQUIRE 24 N 32ND ST CAMP HILL PA 17011-2917 Re: FLOYD BECKER CIS #: 930235911 SSN: 311-12-5766 Date of Death: 03/20/2010 Dear Ms. Wallet: I am in receipt of your correspondence dated May 18, 2011 regarding the above-referenced estate. The Department has reviewed the information presented and agrees with the accounting of the estate. Please notify us of any change in circumstances as they may change this agreement. Thank you for your cooperation in this matter. If you have any questions, please contact me. Sincerely, Tina M. Wise TPL Program Investigator 717-214-1204 717-772-6553 FAX