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IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PA
ORPHANS' COURT DIVISION
FILE NO. 2011-00064
FIRST AND FINAL ACCOUNT OF
Cheryl Ensminger Stecher
For
ESTATE OF WALTER R. HOERNER, JR., DECEASED
Date of Death:
Date of Incapacity, if any:
Date of Executor's Appointment:
Date of First Complete Advertisement
Accounting for the period:
1/8/11
None
1/14/11
See Attachment "A" to Petition for
Adjudication/Statement of Proposed Distribution
1 /8/ 11 to 10/20/ 11
Purpose of Account: The Executor offers this Account to acquaint interested parties with the
transactions that have occurred during the Administration.
It is important that the Account be carefully examined. Requests for additional information,
questions or objections can be discussed with:
Paula J. McDermott, Esq.
Post & Schell, PC
17 North Second Street, 12~' Floor
Harrisburg, PA 17101
(717) 612-6012
Supreme Court LD. No. 46664 ~-=~~ :. ~1='
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3:49 PM Estate of Russel Hoerner
10/19/11 Balance Sheet
Accrual Basis As of October 19, 2011
Oct 19, 11
ASSETS
Current Assets
Checking/Savings
AmericChoice Share Draft 100.00
Americhoice Money Market 2,777,220.90
Total Checking/Savings 2,777,320.90
Total Current Assets 2,777,320.90
TOTAL ASSETS 2,777,320.90
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
Payable to SS 56,243.00
Total Other Current Liabilities 56,243.00
Total Current Liabilities 56,243.00
Long Term Liabilities
Reserve 5,300.00
Total Long Term Liabilities 5,300.00
Total Liabilities 61,543.00
Equity
Opening Balance Equity 4,026,226.26
Net Income -1,310,448.36
Total Equity 2,715,777.90
TOTAL LIABILITIES 8 EQUITY 2,777,320.90
Page 1
3:49 PM Estate of Russel Hoerner
10/19/11 Profit & Loss
Accrual Basis January 8 through October 19, 2011
Jan 8 -Oct 19, 11
Ordinary Income/Expense
Income
Dividend 12,295.97
Lawsuit income 72.52
Pension 2,954.88
Refunds
Insurance Refund 1,588.00
Refunds -Other 78.00
Total Refunds 1,666.00
Total Income 16,989.37
Expense
Bank Service Charges 5.00
Funeral 7,017,77
Medical 111.38
Nursing home 2,957.50
Postage 16.89
Professional Fees
Accounting 3,400.00
Legal 34,970.28
Total Professional Fees 38,370.28
Taxes
Estate 396,827.91
Federal 762.00
IRA 56,243.00
State 126.00
Total Taxes 453,958.91
Total Expense 502,437.73
Net Ordinary Income -485,448.36
Other Income/Expense
Other Expense
Beneficiary _ 825,000.00
Total Other Expense 825,000.00
Net Other Income -825,000.00
Net Income -1,310,448.36
Page 1
3:51 PM Estate of Russel Hoerner
1of19n1 Transaction Detail by Account
Accrual Basis January 8 th rough October 19, 2011
Type Date Num Name Memo Split Amount Balance
AmericChoice Share Draft
Deposit
Check 1/27/2011
1/28/2011
0101
Neill Funeral Home Deposit PNC
Funeral 25,510.97 25,510.97
Check
2/7/2011
0102
Bethany Village
Nursing home -6,382.77
-2.957.50 19,128.20
16
170
70
Deposit
Check 2/7/2011
2/10/2011
0103
Continuing Care Deposit Pension
Medical 2,954.88 ,
.
19,125.58
Check
3/3/2011
0104
Carol Schreckengaust, CPA
Accounting -11.38
-812
50 19,114.20
Check
3/7/2011
0105
Department of Treasury
Federal .
-762.00 18,301.70
17
539
70
Check 3/7/2011 01013 PA Department of Revenue State -126.00 ,
.
17
413
70
Check 3/8/2011 0107 Romberger Memorials Memorial Funeral -635.00 ,
.
16
778
70
Check 3/9/2011 0108 UPS Store Postage -16.89 ,
.
16
761
81
Bill Pmt -Check 3/10/2011 0109 Post & Shell Accounts Payable -17
331
25 ,
.
-569
44
Check 3/1112011 0110 Manor Care Medical ,
.
-100
00 .
-669
44
Transfer
Transfer 312 212 01 1
4/7/2011 Funds Transfer Americhoice Money Market .
2,000.00 .
1,330.56
Transfer
4/7/2011 Funds Transfer Americhoice Money Market 395,000.00 396,330.56
Check
4/11/2011
0111
Register of Wills Funds Transfer Americhoice Money Market
E 2,600.00 398,930.56
Check
4/11/2011
Ot 13
Register of Wills state
Estate -395,442.34 3,488.22
Check
4112/2011
0112
Post & Shell
Legal -30.00
-2
666
78 3,458.22
791
44
Cheok 4/20/2011 0114 Register of Wills Estate ,
.
200
00 .
591 as
Transfer 5/19/2011 Funds Transfer Americhoice Money Market .
1
300 00 1
891
44
Check 5/23/2011 0115 Carol Schreckengaust, CPA Accounting ,
-1
300.00 ,
.
591
44
Transfer 5/24/2011 Funds Transfer Americhoice Money Market ,
230,000.00 .
230
591
44
Check 5/24/2011 Cheryl Skwiat Beneficiary -225,000.00 ,
.
5
591
44
Check 5/2412011 0117 Post & Shell Legal -4
257.20 ,
.
1
334
24
Deposit 6/3/2011 Deposit Lawsuit income ,
72.52 ,
.
1
406
76
Transfer 6/21!2011 Funds Transfer Americhoice Money Market 3
607.71 ,
.
5
014
47
Check 6/21/2011 0118 Post & Shell Legal ,
-3,758.90 ,
.
1
255
57
Transfer 7/26/2011 Funds Transfer Americhoice Money Market 749.15 ,
.
2
004
72
Check 8/1/2011 0119 Register of Wills Estate -1
155.57 ,
.
849
15
Check 8/2/2011 0120 Post & Shell Legal ,
-749
15 .
100
00
Check 10/17/2011 2 Carol Schreckengaust, CPA Accounting .
-487.50 .
-387
50
Check 10/1712011 3 Post 8 Shell Legal -406.00 .
-793
50
Transfer 10/17/2011 Funds Transfer Americhoice Money Market 893.50 .
100.00
Total AmericChoice Share Draft
100.00 100.00
Americhoice Money Market
Deposit
Transfer 3/6/2011
3!11/2011 Funds Transfer -SPLIT- 465,812.37 465,812.37
Check
3/11/2011 Funds Transfer Fidelity 3,022,923.03 3,468,735.40
Deposit
3/16/2011
Deposit Bank Service Charges
InsuranceRafund -5.00 3,488,730.40
Transfer
3/22/2011
Funds Transfer
AmericChoice Share Draft 1,000.00
2,000.00 3,489,730.40
3
487
730
40
Transfer 3/29/2011 Funds Transfer Fidelity 505,149.68 ,
,
.
3
992
880
08
Deposit
Deposit 3/31/2011
4/6/2011 Deposit Dividend 1,558.93 ,
,
.
3,994,439.01
Transfer
4/7/2011 Deposit
Funds Transfer Tax Refund Receivable
AmericChoice Share Draft 6,000.00
-395,000.00 4,000,439.01
3
605
439
01
Transfer 4/7!2011 Funds Transfer AmericChoice Share Draft -2,600.00 ,
,
.
3
602
839
01
Deposit
Transfer 4/30/2011
5/10/2011 Deposit Dividend 2,260.26 ,
,
.
3,605,099.27
Check
5/12/2011
1
Cheryl Stecher Funds Transfer PNC
Beneficiary 1,416.21
60 3,606,517.48
Transfer
5119/2011
Funds Transfer
AmericChoice Share Draft -
0,000.00
-1,300.00 3,006,517.48
3
005
217
48
Transfer 5/24/2011 Funds Transfer AmericChoice Share Draft -230,000.00 ,
,
.
2
775
217
48
Deposit 5/26/2011 Deposit Refunds 78.00 ,
,
.
775
2
x8
295
Deposit 5/31/2071 Deposit Dividend 2,004.27 ,
,
.
777
2
299
75
Transfer 6!2112011 Funds Transfer AmericChoice Share Draft -3,607.71 ,
,
,
2
773
692
04
Deposit 6!30/2011 Deposit Dividend 1,704.45 ,
,
.
2
775
49
396
Transfer 7/26/2011 Funds Transfer AmericChoice Share Draft -749.15 ,
,
.
2
774
647
34
Deposit 7131!2011 Deposit Dividend 1,760.73 ,
,
.
776
2
408
07
General Journal 8!31/2011 2 Dividend 1,528.02 ,
,
.
777
2
936 09
Check 9/2/2011 Post i~ Shelt Legal -1,301.00 ,
.
776
2
635
09
General Journal 9/3012011 3 Dividend 1,479.31 ,
.
.
778
114 40
2
Transfer 10/17/2011 Funds Transfer AmericChoice Share Draft -893.50 .
,
2,777.220 90
Total Americhoice Money Market 2,777,220.90 2,777,220.90
Fidelity
Deposit 2/28/2011 Account Openi... Opening Balance Equity 3,528,072.71 3
528
072
71
Transfer 3/11/2011 Funds Transfer Americhoice Money Market -3,022,923.03 ,
,
.
505
149
68
Transfer 3/2 912 0 1 1 Funds Transfer Americhoice Money Market -505,149.68 ,
.
0.00
Total Fidelity 0.00 0.00
Money Market
Deposit 2/2 812 0 1 1 Account Openi... Opening Balance Equity 465,224.37 465
224
37
Deposit 3/8/2011 Funds Transfer Americhoice Money Market -465,224.37 ,
.
0.00
Total Money Market 0.00 0.00
PNC
Deposit 1/27/2011 PNC Transfer AmericChoice Share Draft -25,510.97 -25
510
97
Transfer 5/9!2011 Funds Transfer Opening Balance Equity 1,418.21 .
.
-24,092.76
Page 1
3:51 PM
10119111
Accrual Basis
Type Date
Transfer 5/10/201,.
Total PNC
Tax Refund Receivable
Deposit 4/6/2011
Total Tax Refund Receivable
Accounts Payable
Bill Pmt -Check 3/10/2011
Bill 3/16/2011
Total Accounts Payable
Payable to SS
Num
Estate of Russel Hoerner
Transaction Detail by Account
January 8 through October 19, 2011
Name Memo Split Amount
-- Balance
Funds Transfer Americhoice Money Market _
-1,418.21 _-- - -
-25,510.97
-25,510.97 -25,510.97
Deposit Americhoice Money Market -6,000.00 -6,000.00
-6,000.00 -6,000.00
0109 Post & Shell AmericChoice Share Draft 17,331.25 17,331.25
74... Post & Shell Le al
General Journal 10/17/2011 6
Total Payable to SS
Reserve
General Journal 10/10/2011 5
General Joumal 10/11/2011 4
Total Reserve
Opening Balance Equ ity
Deposit 2/28/2011
Deposit 2128/2011
Transfer 5/912011
Total Opening Balance Equity
Dividend
Deposit 3/31/2011
Deposit 4130!2011
Deposit 5/31/2011
Deposit 6/30/2011
Deposit 7/31/2011
General Journal 8131/2011
General Journal 9/30!2011
Total Dividend
Lawsuit income
Deposit 6/3/2011
Total Lawsuit income
Pension
Deposit 2/7/2011
Total Pension
Refunds
Insurance Refund
Deposit 3/8/2011
Deposit 3/16/2011
Total Insurance Refu nd
Refunds -Other
Deposit 5/26/2011
Total Refunds -Other
Total Refunds
Bank Service Charges
Check 3/1112011
Total Bank Service Charges
Funeral
Check 112812011
Check 3/8/2011
Total Funeral
Medical
Check 2/10/2011
Check 3/11!2011
Total Medical
Nursing home
Check 2/7/2011
Total Nursing home
Postage
Check 3/9/2011
2
3
9 -17,331.25 0.00
0.00 0.00
IRA taxes to b... IRA -56,243.00 -56,243.00
-56,243.00 -56,243.00
Accounting -800.00 -800.00
Legal -4,500.00
--- -5,300.00
-
-5,300.00 -5.300.00
Account Openi... Money Market -465,224.37 -465,224.37
Account Openi... Fidelity -3,528,072.71 -3,993,297.08
Funds Transfer PNC •1,418.21 •3,994,715.29
•3,994,715.29 -3,994,715.29
Deposit Americhoice Money Market -1,558.93 -1,558.93
Deposit Americhoice Money Market -2,260.26 -3,819.19
Deposit Americhoice Money Market -2,004.27 -5,823.46
Deposit Americhoice Money Market -1,704.45 -7,527.91
Deposit Americhoice Money Market -1,760.73 -9,288.64
Americhoice Money Market -1,528.02 •10,816.66
Americhoice Money Market -1,479.31 -12,295.97
_
-12,295.97 -12,295.97
Robbins Geller Rudman Deposit AmericChoice Share Draft -72.52
--_ -72.52
-
-72.52 _ _ _
-72.52
Pension Pension AmericChoice Share Draft •2,954.88 -2,954.88
-2,954.88 -2,954.86
Humana Refund Humana Americhoice Money Market -588.00 -588.00
Met Life Insurance Deposit Americhoice Money Market -1,000.00 -1,588.00
-1,588.00 -1,588.00
Leeb's Income Performance Deposit Americhoice Money Market -78.00 -78.00
-78.00 -78.00
-1,666.00 -1,666.00
Service charge Americhoice Money Market
_ 5.00
_ ._
__ 5 DO
5.00 5 00
0101 Neill Funeral Home AmericChoice Share Draft 6,382.77 6,382.77
01 D7 Romberger Memorials Memorial AmericChoice Share Draft 635.00
- 7,017.77
--
7,017.77 7,017.77
0103 Continuing Care AmericChoice Share Draft 11.38 11.38
0110 Manor Care AmericChoice Share Draft 100.00
__ 111.38
_
111.38 111.38
0102 Bethany Village AmericChoice Share Draft 2,957.50 2,957.50
2,957.50 2,957.50
0108 UPS Store AmericChoice Share Draft 16.89 16,89
Page 2
3:51 PM Estate of Russel Hoerner
,o/1s/11 Transaction Detail by Account
Accrual Basis January 8 through October 19, 2011
Type Date Num Name Memo
Total Postage
Professional Fees
Accounting
Check 3/3/2011 0104 Carol Schreckengaust, CPA
Check 5/23/2011 0115 Carol Schreckengaust, CPA
General Journal 10/10/2011 5
Check 10/17/2011 2 Carol Schreckengaust, CPA
Total Accounting
Legal
Bill 3/16/2011 74... Post & Shell
Check 4/12/2011 0112 Post & Shell
Check 5/24/2011 0117 Post 8 Shell
Check 6/21/2011 0118 Post & Shell
Check 8/2/2011 0120 Post 8 Shell
Check 9/2/2011 Post & Shell
General Journal 10/11/2011 4
Check 10/17/2011 3 Post 8 Shell
Total Legal
Total Professional Fees
Taxes
Estate
Check 4111/2011 0111 Register of Wills
Check 4/11/2011 0113 Register of Wills
Check 4/20/2011 0114 Register of Wills
Check 8/1/2011 0119 Register of Wills
Total Estate
Federal
Check 377!2011 0105 Department of Treasury
Total Federal
IRA
General Journal 10/17/2011 B
Total IRA
State
Check 3/7/2011 0106 PA Department of Revenue
Total State
Total Taxes
Beneficiary
Check 5/12/2011 1 Cheryl Stecher
Check 5/24/2011 Cheryl Skwiat
Total Beneficiary
TOTAL
Split
Amount Balance
16.89 16.89
AmericChoice Share Draft 812.50 812 50
AmericChoice Share Draft 1.300.00 2,112 50
Reserve 800.00 2,912.50
AmericChoice Share Draft 487.50 3,400.00
3,400.00 3,400.00
Accounts Payable 17,331.25 17,331.25
AmericChoice Share Draft 2,666.78 19,998.03
AmericChoice Share Draft 4,257.20 24,255.23
AmericChoice Share Draft 3,758.90 28,014.13
AmericChoice Share Draft 749.15 28,763.28
Americhoice Money Market 1,301.00 30,064.28
Post & Schell Reserve 4,500.00 34,564.28
AmericChoice Share Draft 408.00 34,970.28
34,970.28 34,970.28
38,370.28 38,370.28
AmericChoice Share Draft
AmericChoice Share Draft
AmericChoice Share Draft
AmericChoice Share Draft
AmericChoice Share Draft
IRA taxes to b... Payable to SS
AmericChoice Share Draft
Americhoice Money Market
AmericChoice Share Draft
395,442.34 395,442.34
30.00 395,472.34
200.00 395,672.34
1,155.57 396,827.91
396, 827.91 396, 827.91
762.00 762.00
762.00 762.00
56,243.00 56,243.00
56,243.00 56,243.00
128.00 126.00
126.00 126.00
453, 958.91 4 53, 958.91
600,000.00 600,000.00
225,000.00 825,000.00
825,000,00 825,000.00
0.00 0.00
Page 3
10:53 AM Estate of Russel Hoerner
10/1 s/11
Accrual Basis Balance Sheet
As of October 18, 2011
ASSETS
Current Assets
Checking/Savings
AmericChoice Share Draft 100.00
Americhoice Money Market 2,777,220.90
Total Checking/Savings 2,777,320.90
Total Current Assets 2,777,320.90
TOTAL ASSETS 2,777,320.90
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
Payable to SS 56,243.00
Total Other Current Liabilities 56,243.00
Total Current Liabilities 56,243.00
Long Term Liabilities
Reserve 5,300.00
Total Long Term Liabilities 5,300.00
Total Liabilities 61,543.00
Equity
Opening Balance Equity 4,026,226.26
Net Income (1,310,448.36)
Total Equity 2,715,777.90
TOTAL LIABILITIES & EQUITY 2,777,320.90
Total equity 2,715,777.90
Beneficiary payments 825,000.00
Total 3,540,777.90
Liberty University (116) (590,129.65)
Lehigh University (590,129.65)
Total remaining 2,360,518.60
Aount paid to Skwiat (225,000.00)
To Cheryl Stecher (CS)
Amount paid to CS
Remaining amount to CS
2,135,518.60
(600,000.00)
1,535,518.60
Reserves:
Page 1 of 2
10:53 AM Estate of Russel Hoerner
10/18/11
Accrual Basis Balance Sheet
As of October 18, 2011
Payable to Schreckengaust Associates 800.00
Payable to Post 8 Schell 4,500.00
Payable to CS for IRA taxes 56,243.00
61, 543.00
To CS 1,535,518.60
To Universities 590,129.65
To Universities 590,129.65
For payables 61,543.00
Agrees to cash 2,777,320.90
Che Stecher, ecutrix o the
Estate of Walter R. Hoerner, Jr.
Page 2 of 2
VERIFICATION
CHERYL ENSNffNGER STECHER, Executrix of the Will of WALTER R. HOERNER,
JR., Deceased, hereby declares under oath that she has fully and faithfully discharged the duties
of 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 her knowledge, there are no claims outstanding against the
Estate; that all taxes presently 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.
Che Ensminger techer
Date: October 20, 2011