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Home My WebLink About09-29-11 (2),~~~IG c:C,~I~o~~ FIRST AND FINAL ACCOUNTING Estate of Audrey Johnson, Deceased No. 2009-01212 Page ] f ~' 1 ~ ,\ 1 FIRST AND FINAL ACCOUNT OF ~?~'? -~ - _.xl _ f- Kathy Davey, Executrix - f ~ ~ f _? `_~ _ , ~ .. J... J _. ._ for = '' ... `5 ~•=L~ Estate of Audrey Johnson, Deceased <_ No. 2009-01212 Date of Death 12/29/2009 Date of Appointment 12/31/2009 Date of First Advertising 7/20/2010 Accounting Period 12/28/2009 to 9/30/2011 Social Security Number 405-26-9701 Purpose of Account: Kathy Davey, Executor, offers this Account to acquaint interested parties with the transactions that occurred during his/her Administration. This Account also indicates the proposed distribution of the Estate. It is important that the account be carefully examined. Requests for additional information or questions can be discussed with: David M. Hollar (62408) Villari Brandes & Kline, PC 8 Tower Bridge, Suite 400 161 Washington Street Conshohocken, PA 19428 (610) 729-2900 Fax (610) 729-2910 FIIZST AND FINAL ACCOUNTING Estate of Audrey Johnson, Deceased No. 2009-0 12 1 2 SUMMARY OF ACCOUNT Value as of Date of Accounting Proposed Distributions to Beneficiaries 130,950 PRINCIPAL Receipts 410,001 Net Gain (Loss) on Sale or Disposition (205,074) LESS DISBURSEMENTS Debts of Decedent (4,129) Funeral Expenses (1,544) Administration Expenses (28,018) Family Exemption 0 Federal and State Taxes (5,612) Fees and Commissions (5,000) Balance before Distributions 160,624 Distributions of Beneficiaries (29,674) Principal Balance on Hand 130,950 FOR INFORMATION ONLY Investments Made 0 Changes in Investment Holdings 0 INCOME Receipts 118 Less Disbursements 0 Balance before Distributions 118 Distributions to Beneficiaries (118) Income Balance on Hand 0 Combined Balance on Hand 130,950 Page 2 FIRST AND FINAL ACCOUNTING Estate of Audrey Johnson, Deceased No. 2009-01212 Page 3 xr.~:r;ltrla ur~ rKiNCIPAL Assets Listed in Inventory (i~alued as of Date of Death) Amount Total Cash and Cash Equivalents Checking Account, M&T Bank, Acct. No. xxxx9473 1,063 Deposit Account, MetLife, Acct. No. xxxx54937 10,15 2 Tangible Personal Property 1993 BuickLeSabre 1,130 Household and Personal Goods 5,000 Stocks Misc. Stocks (Held by Audrey W. Johnson as Custodian for Matthew Gill (grandson) per PA Uniform Transfers to Minors Act) 1,055 Mutual Funds IRA, Mutual Bank, Acct. No. xxxx11702 8,337 Real Estate 17 Honeysuckle Drive, Mechanicsburg, PA 17050 156,592 8 E. Woodland Drive, Mechanicsburg, PA 17050 187,979 Timeshare, Massanutten Villas, Sec. 1, Ph. 9, Massanutten Village, Rockingham County, VA 3,200 TOTAL INVENTORY 374,508 Receipts Subsequent to Inventory (Valued as of Date Received) Cash Advances by Executrix 35,370 Refund -Nationwide Auto Insurance 32 Refund -Nationwide Homeowners Insurance (17 Honeysuckle Dr.) 91 Adjustment to Carrying Values TOTAL RECEIPTS SUBSEQUENT TO INVENTORY 35,493 TOTAL RECEIPTS OF PRINCIPAL 410,001 FIRST AND FINAL ACCOUNTING Estate of Audrey Johnson, Deceased No. 2009-01212 Page 4 GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS Gain Loss Sale: 17 Honeysuckle Drive See attached Settlement Statement (6/2/2010); Net Proceeds (156,592) $0.00 after payment of first mortgage, partial payment of second mortgage and closing costs Sale: 8 E. Woodland Drive See attached (48,482) Settlement Statement (6/7/2011); Net Proceeds $137, 497 after payment of second mortgage on 17 Honeysuckle Dr., closing costs and inheritance tax escrow TOTAL GAINS AND LOSSES (205,074) Net Transferred to Summary (205,074) FIRST AND FINAL ACCOUNTING Estate of Audrey Johnson, Deceased No. 2009-01212 Page 5 I DISBURSEMENTS OF PRINCIPAL Amount Total Debts of Decedent AT&T/Citicorp 15 4 HSBC Retail Services 87 8 M&T Bank 3,09 7 Total Debts of Decedent 4,129 Funeral Expenses Auer Funeral Home 1,544 Total Funeral Expenses 1,544 Administration Expenses Register of Wills, Probate Fees 429 See Schedule A-1, 17 Honeysuckle Dr. (Taxes, Utilities and Insurance) 2 195 See Schedule A-2, 8 E. Woodland Dr. (Taxes, Utilities, Insurance, Repairs and Maintenance) 24 644 See Schedule A-3, Administrative Fees and Costs 750 Total Administration Expenses 28,018 Family Exemption Total Family Exemption 0 Federal and State Taxes Register of Wills, Agent (Inheritance Tax) 5 612 IRS - 2009 Federal Income Tax 0 Dept. of Revenue - 2009 PA Income Tax 0 Total Federal and State Taxes 5,612 Fees and Commissions David M. Hollar, PLLC -Attorney Fees and Costs 3 500 Kathy Condon, CPA -Accountant Fees 1,000 Kathy Davey -Executor Compensation 0 Reserve 500 Total Fees, Commissions and Reserve 5,000 TOTAL DISBURSEMENTS OF PRINCIPAL 44,303 .,_~ FIRST AND FINAL ACCOUNTING Estate of Audrey Johnson, Deceased No. 2009-0 1 2 1 2 Page 6 DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES Amount Total TO: Julie A. Gill Buick LeSabre 1,130 Household and Personal Goods 2,500 50% Deposit Account, MetLife per beneficial designation 5 076 Partial Distribution from Residual Estate 4,000 12,706 TO: Kathy M. Davey Household and Personal Goods 2,500 50% Deposit Account, MetLife per beneficial designation 5 076 IRA, Mutual Bank, per beneficial designation 8 337 15,913 TO: Kathy M. Davey as Custodian for Matthew Gill Misc. stocks 1,055 1,055 TOTAL DISTRIBUTIONS OF PRINCII'AL TO BENEFICIARIES 29,674 FIRST ANll FINAL ACCOUNTING Estate of Audrey Johnson, Deceased No. 2009-01212 Page 7 PRINCIPAL BALANCE ON HAND Amount Total Cash Bank of America, Estate of Audrey W. Johnson 165 506 Inheritance Tax Escrow Refund Due 6,588 Less Cash Advances by Executrix (35,370) Less Attorney Fees and Costs (2,000) Less Accountant Fees (1,000) Less Reserve (500) Less Attorney Fees and Costs Due to Murrell R. Walters, III, Esq. (1,474) 131,750 Real Estate Timeshare, Massanutten Villas 3,200 3,200 PRINCIPAL BALANCE ON HAND 134,950 FIRST AND FINAL ACCOUNTING listate of Audrey Johnson, Deceased No. 2009-01212 Page 8 PRINCIPAL INVESTMENTS MADE Amount Total PRINCIPAL INVESTMENTS ~ FIRST AND FINAL ACCOUNTING Estate of Audrey Johnson, lleceased No. 2009-01212 Page 9 CHANGES IN PRINCIPAL HOLDINGS Amount Total PRINCIPAL BALANCE ON HAND ~ FIRST AND FINAL ACCOUNTING Estate of Audrey Johnson, Deceased No. 2009-01212 Page 10 RECEIPTS OF INCOME Amount Total Interest Deposit Account, MetLife 52 IRA, Mutual Bank 66 TOTAL RECEIPTS OF INCOME I I8 r~.~ FIRST AND FINAL ACCOUNTING Estate of Audrey Johnson, Deceased No. 2009-01212 Page I1 DISBURSEMENTS OF INCOME Amount Total TOTAL DISBURSEMENTS OF INCOME ~ V.wb FIRST AND FINAL ACCOUNTING Estate of Audrey Johnson, Deceased No. 2009-01212 Page 12 DISBURSEMENTS OF INC OME TO BENEFICIARIES Amount Total TO: Julie A. Gill Deposit Account, MetLife 26 26 TO: Kathy M. Davey Deposit Account, MetLife 26 IRA, Mutual Bank 66 92 TOTAL DISBURSEMENTS OF INCOME TO BENEFICIARIES 118 FIRST AND FINAL ACCOUNTING Estate of Audrey Johnson, Deceased No. 2009-0 1 2 1 2 Page 13 PROPOSED DISTRIBUTIONS TO BENEFICIARI ES Amount Total TO: Julie A. Gill Timeshare, Massanutten Villas 3,200 Less Partial Distribution from Residual Estate (4,000) Balance of Residual Estate 64,275 63,475 TO: Kathy M. Davey 50% of Residual Estate 67,475 67,475 TOTAL PROPOSED DISTRIBUTIONS TO BENEFICIARIES 130,950 w...• FIRST AND FINAL ACCOUNTING Estate of Audrey Johnson, Deceased No. 2009-01212 Pate 14 AFFIDAVIT STATE OF _ FO (~ C" I (~ ~ ss. COUNTY OF ~ I (I5~1'' ~( Q h Kathy M. Davey, Executrix of the Estate of Audrey Johnson, Deceased, hereby declares under oath that he/she has fully and faithfully discharged the duties of his/her office; that the foregoing First and Final Account is true and correct and fully discloses all significant transactions occurring during the accounting period; that all known claims against the Estate have been paid in full; that, to his/her knowledge, there are no claims now outstanding against the Estate; that all taxes present due from the Estate have been paid; and that the grant of Letters Testamentary and the first complete advertisement thereof occurred more than four months before the filing of the foregoing First and Final Account. wwrww ~`Y "~s Notary Public State of Florida ?4 ~; Donna L. Casey y .: ~ My Commission OD960172 ~'ROr r~°~ Expires 02/10/2014 SUBSCRIBED AND SWORN to me this I ~~ day of September, 2011. Notary Public Kathy M. Da y, Executrix