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Home My WebLink About09-29-11_: ,7 ~ ~~ __ _ -_ , __. f~, IN THE COURT OF COMMON PLEAS OF =',` wry .~~, CUMBERLAND COUNTY, PENNSYLVANIA _ ;;;._ ORPHANS' COURT DIVISION '~' `~' ~~_ _, _ _ . -,~-,=, _ ESTATE OF LEAH MAY ATTICKS, DECEASED ~ -___ ~ ~-' ' FILE N0.2011-00342 =~ _~ `~ l ~ a ,~ f' SETTLEMENT AGREEMENT AND FINAL RELEASE THIS AGREEMENT by and between JAN L. BROWN, AKA JAN L. MOBERG, as Executrix of the Estate of LEAH MAY ATTICKS, Deceased, and MARKET SQUARE PRESBYTERIAN CHURCH, as residuary beneficiary. WHEREAS, LEAH MAY ATTICKS, late of Hampden Township, Cumberland County, Pennsylvania, died testate on February 27, 2011, having first made her Last Will and Testament dated January 24, 2006, which instrument was admitted to probate and is recorded in Cumberland County, Register of Wills, File No. 2011-00342; WHEREAS, JAN L. BROWN, AKA JAN L. MOBERG, has been duly appointed as Executrix of the Estate of Leah May Atticks, Deceased; WHEREAS, the parties in interest under the Last Will and Testament of Leah May Atticks, Deceased, are: 1. Elizabeth G. Atticks, sister, as primary beneficiary 2. Market Square Presbyterian Church, charity, as contingent beneficiary WHEREAS, decedent's sister, Elizabeth G. Atticks, died on October 16, 2007'; WHEREAS, MARKET SQUARE PRESBYTERIAN CHURCH is entitled to one hundred percent (100%) of the residuary estate; Page 1 of 5 WHEREAS, pursuant to Pennsylvania Orphans' Court Rule 5.6, the Executrix is required to notify the OFFICE OF ATTORNEY GENERAL on behalf of the charitable beneficiary; said notification requirement has been satisfied, and the Office of Attorney General leas raised no objections to this estate administration; WHEREAS, each of the parties to this Agreement have been furnished with a complete Statement of Account as attached hereto and marked as Exhibit A; WHEREAS, it is the desire of the parties to this Agreement that administration of this estate be completed and accomplished without a formal accounting to the Orphans' (:ourt Division of the Court of Common Pleas of Cumberland County, it being the desire oiFthe parties to avoid the expense, delay and publicity of a formal accounting; NOW, THEREFORE, WITNESSETH, in consideration of the mutual promises, covenants and agreements recited herein, the parties do agree as follows: JAN L. BROWN, Executrix, does hereby state that she has fully and faithfully discharged the duties of her office, and the Statement of Account is true and correct and fully discloses all significant transactions during the accounting period. She further states that all known claims against the Estate have been paid in full, and to the best of her knowledge there are no claims outstanding against the Estate, and all taxes presently due from the Estate have been paid. 2. MARKET SQUARE PRESBYTERIAN CHURCH does hereby release and forever discharge the said Executrix, JAN L. BROWN, AKA JAN L. MOBERG, her heirs, executors, administrators and assigns, and JAN L. BROWN & ASSOCIATES, attorneys at law, from any and all liability which may from time to time arise in connection with their service Page 2 of 5 as Executrix and Attorneys of the Estate of Leah May Atticks, Deceased. MARKET' SQUARE PRESBYTERIAN CHURCH further agrees to indemnify and hold them harmless from any and all liability which may arise against the estate from creditors or claimants. 3. MARKET SQUARE PRESBYTERIAN CHURCH does hereby acknowledge receipt of the assets described on the Schedule of Distribution attached hereto. 4. Each of the parties acknowledges that this Agreement shall be indexed and recorded in the estate proceedings and that the terms hereof shall be binding upon thf;ir respective heirs, successors, administrators and assigns. 5. MARKET SQUARE PRESBYTERIAN CHURCH further agrees that should any liability come due to the estate of the said decedent after the signing of this Agreement and the distribution of all assets, it will contribute its share of the estate to satisfy any and all claims, demands, suits or causes of action which may be successfully prosecuted against the said estate or the aforesaid Executrix after the signing, sealing and delivery of this Agreement. 6. This Agreement shall be governed by the laws of the Commonwealth of Pennsylvania. Page 3 of 5 aw IN WITNESS WHEREOF, I have hereunto set my hand and seal this ~__ day of September, 2011. WITNESS: f,~ JA~T L. BROWN, Executrix COMMONWEALTH OF PENNSYLVANIA COUNTY OF DAUPHIN SS: On this the ~ day of September, 2011 before me, a Notary Public, the undersigned officer, personally appeared JAN L. BROWN, known to me or satisfactorily proven to be the person whose name is subscribed to the within instrument, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. Notary Public NOTARIAL SEAL CHRISTA M APLIN Notary Pubiic LOWER PAXTON TWP., DAUPHIN COUNTY My Commission Expires Nov 16, 2013 Page 4 of 5 IN WITNESS WHEREOF, I have hereunto set my hand and seal this ~___ day of September, 2011. WITNESS: ~~S;~Gt!~ri ~ ~~ D~ lru5~c~ ~". Title MARKET SQUARE PRESBYTE AN CHURCH S / By _ Name COMMONWEALTH OF PENNSYLVANIA . SS: COUNTY OF DAUPHIN On this the oZ~ "~ day of September, 2011 before me, a Notary Public, the undersigned officer, personally appeared t~t~iG~ rCC- LehM.et.,,~~ ,known to me or satisfactorily proven to be the person whose name is subscribed to the within instrument, and acknowledged that he/she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. Notary Public TH p~F p9 'riVM1iA NafaAal SaN awu;a I. Kristlct-, Notary'ublic ~ ~p~mn ExpirMarch 8,2015 Page 5 of 5 ESTATE OF LEAH MAY ATTICKS DATE OF DEATH FEBRUARY 27, 2011 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 reserved for contingencies* $ 635,973.49 $ 18,183.75 $ 2,591.54 $ 51,092.98) $ 605,655.80 $ 475,000.00 $ 130,655.80 `The reserve balance will increase or decrease based on receipt of additional assets, income, gain or loss on sale of remaining investments, presentation of an obligation and/or payment of additional charges. The reserve will be distributed to the re:>iduary beneficiary in one or more payments. After final distribution is made, the residuary beneficiary agrees to pay further liabilities of the decedent in the future. Period 2/27/2011-8/31/2011 Exhibit A ESTATE OF LEAH MAY ATTICKS ASSETS SCHEDULE A DESCRIPTION VALUE AT DATE OF DEATH EQUITY Dominion Resources Black Warrior Trust (DOM); 1,000 shs @ $16.12' $ 16,120.0(1 MUTUAL FUNDS AllianceBernstein Income Fd (ACG); 2,750 shs @ $7.74/sh $ 21 285.00 Capital Income Builder Fd CIA (CAIBX); 238.339 shs @ $50.97/sh $ , 12 148.14 Capital World Growth & Income Fd CIA (CWGIX); 160.234 shs @ $36.92/sh $ , 5 915.84 DWS GNMA Fund-S (SGINX); 4,537.17 shs @ $15.26/sh $ , 69 237.21 Oppenheimer Pa Municipal Fd CIA (OPATX); 3,073.473 shs @ $10.30/sh $ , 31,656.77 MUNICIPAL BONDS2 Allegheny Cnty Pa Hosp Dev Auth Rev 5.1250%; par value $70,000 $ 57 743.00 Pa St Higher Edl Facs Auth Rev 4.5%; par value $25,000 $ , 24 998.75 Philadelphia Pa Arpt Rev 4.5%; par value $50,000 $ , 42 595.50 Pottsville Pa Hosp Auth Hosp Rev 5.5%; par value $35,000 $ , 32 942.70 South Fork Mun Auth Pa Hosp Rev 5%; par value $10,000 $ , 8,536.60 CORPORATE BONDS Bank of America Corporation 5.6%; par value $5,000'' 3 $ 5,000.00 Bank of America Corporation 5.8%; par value $50,000'' 3 $ 50,000.00 Bank of New York Company Inc 5.25%; par value $20,000'' 3 $ 20,000.00 General Motors Acceptance Corporation 7.1250%; par value $10,0003 $ 10,000.00 General Motors Acceptance Corporation 6.75%; par value $45,0003 $ 45,000.00 General Motors Acceptance Corporation 6.4%; par value $40,0003 $ 40,000.00 Merrill Lynch & Co Inc 6.11 %; par value $20,0003 $ 20,000.00 Protective Life Insurance Company 5.5%; par value $10,0003 $ 10,000.00 Prudential Financial Inc 6%; par value $30,000'' 3 $ 30,000.00 SLM Corporation 6%; par value $21,0002 $ 16,036.23 CASH M&T Checking Account 11477164 $ 23 926.28 Raymond James Account 48912814; cash balance $ , 34 821.44 American Home Mortgage Settlement Fund; class action pro rata share $ , 272.01 LIFE INSURANCE Unum Life Insurance Company of America; Group Acct M&T Bank Corp $ 3,000.00 Period 2/27/2011-8131/2011 Schedule A, Page 1 ESTATE OF LEAH MAY ATTICKS ASSETS SCHEDULE A REIMBURSEMENTS/REFUNDS Aetna reimbursement AF&L Insurance Co; LTC insurance cancellation refund Medicare reimbursement United States Treasury; 2010 1040 overpayment refund 2.10 232.74 18.1E3 1,635.00 TANGIBLE PROPERTY Mountz Jewelers; jewelry sale proceeds $ 2,850.00 $ 635, 973.49 'As of the closing date of this Statement of Account, this investment has not been sold. Cash proceeds from the sale of this investment will be distributed to beneficiary on or prior to the final distribution. zThe date of death value shown was computer-generated and shown on decedent's Raymond James Account 48912814 Portfolio Statement dated February 28, 2011. 3Death put allows redemption at par value. Period 2/27/2011-8/31/2011 Schedule A, Page 2 ESTATE OF LEAH MAY ATTICKS INCOME SCHEDULE B DESCRIPTION Interest Income M&T Checking Account 11477164 $ 0.16 M&T Bank Estate Checking Account (thru 8/15/11) $ 3.53 Raymond James Account 48912814 $ g 88 Unum Life Insurance Company of America $ 3.21 Interest Income from Municipal and Corporate Bonds Allegheny Cnty Pa Hosp Dev Auth Rev 5.1250% $ 2,710.56 Bank of America Corporation 5.6% $ 140.00 Bank of America Corporation 5.8% $ 1,450.00 Bank of New York Company Inc 5.25% $ 525.00 General Motors Acceptance Corporation 6.4% $ 1,920.00 General Motors Acceptance Corporation 6.75% $ 2,278.13 General Motors Acceptance Corporation 7.1250% $ 296.!30 Merrill Lynch & Co Inc 6.11% $ 305.!50 Pa St Higher Edl Facs Auth Rev 4.5% $ 618.75 Philadelphia Pa Arpt Rev 4.5% $ 1,425.1)0 Pottsville Pa Hosp Auth Hosp Rev 5.5% $ 1,138.96 Protective Life Insurance Company 5.5% $ 275.00 Prudential Financial Inc 6% $ 900.00 SLM Corporation 6% $ 798 00 South Fork Mun Auth Pa Hosp Rev 5% $ 295.F33 Dividend Income AllianceBernstein Income Fd $ 550.00 Capital Income Builder Fd CIA $ 221 449 Capital World Growth & Income Fd CIA $ gg qi0 DWS GNMA Fund-S $ 813.Ei0 Oppenheimer Pa Municipal Fd CIA $ 858.51 Royalty Income Dominion Resources Black Warrior Trust Other Income 457.44 M&T Bank Estate Checking Account direct deposit cash bonus $ 100.00 $ 18,183.75 Period 2!27/2011-8/31/2011 Schedule B, Page 1 ESTATE OF LEAH MAY ATTICKS INCOME SCHEDULE B INVESTMENT ACTIVITY/REINVESTMENT 3/21/2011 Capital Income Builder Fd CI A; 2.209 shs @ $49.633/sh $ 109 64 3/21/2011 Capital World Growth & Income Fd CIA; .675 shs @ $35.615/sh $ . 24 04 3/24/2011 DWS GNMA Fund-S; 17.625 shs @ $15.24/sh $ . 268 60 4/21/2011 DWS GNMA Fund-S; 17.624 shs @ $15.30/sh $ . 269 64 5/23/2011 DWS GNMA Fund-S; 17.759 shs @ $15.50/sh $ . 275 26 6/20/2011 Capital Income Builder Fd CIA; 2.198 shs @ $50.887/sh $ . 111 85 6/20/2011 Capital World Growth & Income Fd CIA; 1.791 shs @ $35.935/sh $ . 64 36 6/22/2011 Oppenheimer Pa Municipal Fd CI A; 16.381 shs @ $10.51/sh $ . 172 16 7/27/2011 Oppenheimer Pa Municipal Fd Cf A; 16.348 shs @ $10.58/sh $ . 172.96 Period 2/27/2011-8/31/2011 Schedule B, Page 2 ESTATE OF LEAH MAY ATTICKS PRINCIPAL INCREASES/DECREASES SCHEDULE C DATE DESCRIPTION AMOUNT 8/3/11 Allegheny Cnty Pa Hosp Dev Auth Rev 5.1250%; par value $70,000 Net Sale Proceeds $ 58,594.85 Estate Value $ 57,743.00 8/3/11 AllianceBernstein Income Fd (ACG); 2,750 shs Net Sale Proceeds $ 21,000.54 Estate Value $ 21,285.00 8/3/11 Capital Income Builder Fd CIA (CAIBX); 242.746 shs Net Sale Proceeds $ 12,411.60 Estate Value $ 12,369.63 8/3/11 Capital World Growth & Income Fd CIA (CWGIX); 162.70 shs Net Sale Proceeds $ 5,879.98 Estate Value $ 6,004.24 5/31/11 DWS GNMA Fund-S (SGINX); 4,590.178 shs Net Sale Proceeds $ 71,148.46 Estate Value $ 70,050.71 8/15/11 General Motors Acceptance Corporation 6.4%; par value $40,000 Net Sale Proceeds $ 40,000.00 Estate Value $ 40,000.00 8/15/11 General Motors Acceptance Corporation 6.75%; par val ue $45,000 Net Sale Proceeds $ 45,000.00 Estate Value $ 45,000.00 8/15/11 General Motors Acceptance Corporation 7.1250%; par value $10,000 Net Sale Proceeds $ 10,000.00 Estate Value $ 10,000.00 Period 2/27/2011-8/31/2011 Schedule C, Page 1 GAIN/LOSS 851.85 $ (284.46) $ 41.97 $ (124.26) $ 1,097.75 $ - $ - $ - ESTATE OF LEAH MAY ATTICKS PRINCIPAL INCREASES/DECREASES SCHEDULE C 5/23/11 Merrill Lynch & Co Inc 6.11 %; par value $20,000 Net Sale Proceeds $ 20,000.00 Estate Value $ 20,000.00 8/3/11 Oppenheimer Pa Municipal Fd CIA (OPATX); 3,106.202 sh s Net Sale Proceeds $ 32,925.74 Estate Value $ 32,001.89 8/3/11 Pa St Higher Edl Facs Auth Rev 4.5%; par value $25,000 Net Sale Proceeds $ 24,231.80 Estate Value $ 24,998.75 8/3/11 Philadelphia Pa Arpt Rev 4.5%; par value $50,000 Net Sale Proceeds $ 44,187.55 Estate Value $ 42,595.50 8/3111 Pottsville Pa Hosp Auth Hosp Rev 5.5%; par value $35,000 Net Sale Proceeds $ 31,242.70 Estate Value $ 32,942.70 3/15/11 Protective Life Insurance Company 5.5%; par value $10,000 Net Sale Proceeds $ 10,000.00 Estate Value $ 10,000.00 8/3/11 SLM Corporation 6%; par value $21,000 Net Sale Proceeds $ 17,086.32 Estate Value $ 16,036.23 $ - $ 923.85 $ (766.95) $ 1,592.05 $ {1,700.00) $ - $ 1, 050.09 Period 2/27/2011-8/31/2011 Schedule C, Page 2 ESTATE OF LEAH MAY ATTICKS PRINCIPAL INCREASES/DECREASES SCHEDULE C 8/3/11 South Fork Mun Auth Pa Hosp Rev 5%; par value $10,000 Net Sale Proceeds $ 8,446.25 Estate Value $ 8,536.60 $ (90.35) $ 2,591.54 Period 2/27/2011-8/31/2011 Schedule C, Page 3 ESTATE OF LEAH MAY ATTICKS DISBURSEMENTS SCHEDULE D DESCRIPTION Neill Funeral Home Inc Premier Caterers; funeral luncheon Register of Wills, Cumberland County; probate fees Jan L Brown & Associates; legal fee Jan L Moberg; executrix fee Accountant; 2010 1040 income tax preparation fee Accountant; 2011 1040 income tax preparation fee (estimate) Accountant; 1041 income tax preparation fee (estimate) Cumberland Law Journal; legal advertising The Patriot-News; legal advertising Vital Records; 15 death certificates Executrix travel from/to Florida/Pennsylvania Associated Cardiologists PC Azizkhan Internal Medicine Associates Center for Kidney Disease & Hypertension East Pennsboro Ambulance Service Inc In Your Home Care Jan L Brown & Associates; legal services 7/6/10-2/27/11 Lincare Inc Mobile X Ray Imaging Inc Quantum Imaging and Therapeutic Associates Sally Harris; reimb Verizon CATEGORY AMOUNT Funeral $ 283.03 Funeral $ 840.00 Adm $ 659.50 Adm $ 19,079.00 Adm $ 19,079.00 Adm $ 250.00 Adm $ 300.00 Adm $ 300.00 Adm $ 75.00 Adm $ 259.28 Adm $ 163.00 Adm $ 439.40 Debt $ 67.80 Debt $ 62.26 Debt $ 7.75 Debt $ 95.20 Debt $ 5, 753.00 Debt $ 2,931.25 Debt $ 228.10 Debt $ 39.53 Debt $ 3.50 Debt $ 104.53 Debt ~ ~~ Q~ $ 51,092.98 Period 2/2712011-8/31/2011 ESTATE OF LEAH MAY ATTICKS DISTRIBUTION TO BENEFICIARIES ACCORDING TO LAST WILL AND TESTAMENT DATED JANUARY 24, 2006 SCHEDULE E Market Square Presbyterian Church, charity, 100% residuary estate 20 South Second Street, Harrisburg, PA 17101 Cash distribution on or about 9/15/11 $ 475,000.00 $ 475,000.00 $ 475,000.00 Period 2/27/2011-8/31/2011