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HomeMy WebLinkAbout11-16-11IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA Estate of Irene S. Atno, PA File Number 21-10-0861 Deceased n '. _- - :~, - ~,~, - - - 'c~ - -, __ ~_ 7 PETITION TO PAY MINOR'S ESTATE TO NATURAL GUARD~t~~V`S=', ~, AND TO DEPOSIT MINOR'S ASSETS INTO A RESTRICTED ACCQIJN~' PURSUANT TO 20 PA. CONS. STAT. §5103 •:~ .. ~T' ,_~ ~; 7-:> ..Tl TO THE HONORABLE, THE JUDGES OF THE SAID COURT: The petition of Adam J. Strungis and Eileen T. Strungis, his wife, respectfully represents: 1. Petitioners are the parents of minor child, Aidan Strungis, who resides with his parents at 169 Pasadena Place, Hawthorne, NJ 07506. 2. The minor child is eight (8) years old, having been born on April 10, 2003. 3. As a result of the death of the grandmother, Irene S. Atno, of Adam J. Strungis, petitioners' minor child will receive the following assets from the Atno Family Trust: cash in the amount of $95,043.16. 4. Pursuant to Paragraph 10.A of the Atno Family Trust, decedent defined the age of majority as twenty-five (25) years of age. 5. A copy of an informal account of the Estate of Irene S. Atno, Deceased, and the Atno Family Trust is attached hereto, made a part hereof and marked as Exhibit "A." WHEREFORE, petitioners request that the court authorize them to receive the distribution of $95,043.16 from the Atno Family Trust, without the appointment of a guardian of the estate of the minor or the entry of any security pursuant to 20 Pa.C.S. _~_~i ,- §5103, such assets to be deposited in Farmers & Merchants Trust Company, Chambersburg, Pennsylvania, in the name of the minor and marked "Not to be withdrawn before April 10, 2028, except as authorized by a prior order of the Court of Common Pleas of Cumberland County, Pennsylvania." ,, Date: N~~~ I~- :~~- i I ,~ _ Adam J. Strungis, Petit' er ~ D„/~ f d.~.n~ Eileen T. Strungis, Petitioner VERIFICATION I verify that the statements made in this document are true and correct to the best of my knowledge, information and belief. i understand that false statements herein are made subject to the penalties of 18 Pa.C.S. §4909, relating to unsworn falsification to authorities. Date: ~+ : ~' ~ `+ ~ ~~ s I Date: ~ ,. ~~ • ~'t ~~c i I ~- Adam . Strungis .~ • /LI Eileen T. Strungis COURT OF COMMON PLEAS CAF FRANKLIN COUNTY, ORPHANS' COURT DIVISION No. FIRST AND FINAL ACCOUNTING OF Earl F. Stovall, Executor Barbara A. Timmons, Trustee For Estate and Trust Under Agreement of Irene Atno Start of Estate and Trust: August 17, 2010 Date of Incapacity, if any None Date of Appointment: August 19, 2010 Date of First Complete Advertisement November 26, 2010 Accounting for the Period: August 17, 2010to October 11, 2011 Purpose of Account: The above fiduciaries offer this account to acquaint interested parties with the transactions that have occurred during their administration. It is important that the account be carefully examined. Requests for additional information, or questions, or objections, can be discussed with: Sig David F. Spang, Esquire Walker, Connor & Spang, Esquire 247 Lincoln Way East, Chambersburg, PA 17201 (717)262-2185 Supreme Court I.D. No. 19421 Irene Atno Summary of Account Principal Page Receipts 2 Net Gain on Sales or Other Dispositions 6 Less Disbursements: Debts of Decedent Funeral Expenses Administrative Expenses Federal, State, & Local Taxes Fees & Commissions Balance Before Distributions Less Distributions to Beneficiaries Principal Balance On Hand For Information: Investments Made Unpaid Expenses Unrealized Gains and Losses Income Receipts Net Gain on Sales or Other Dispositions Less Disbursements: Balance Before Distributions Less Transfers to Principal Income Balance on Hand For Information: Investments Made Unpaid Expenses Unrealized Gains and Losses Verification Combined Balance on Hand 13 21 22 23 26 27 $ 647,583.82 25,454.21 $ 673,038.03 3,132.03 1,443.00 45,404.12 27,329.00 32,316.50 109,624.65 $ 563,413.38 183,940.74 $ 379,472.64 28 $ 21,681.73 33 0.00 $ 21,681.73 34 0.00 $ 21,681.73 35 21.681.73 36 $ 0.00 37 38 39 $ 379,472.64 Irene Atno Receipts of Principal Cash and Cash Equivalents Cash and coins found at house and in decedent's wallet Cash found at decedent's residence Deposit miscellaneous dividend checks (later funds were withdrawn and re-deposited and itemized in the correct account) M&T Bank -checking account number 9839843167, in trust for Nancy Gander Interest to Start of Trust M&T Bank -money market account # 15004212147711, in trust for Nancy Gander Interest to Start of Trust M&T Bank -savings account #15004205412981 Interest to Start of Trust US Treasury 2010 federal tax refund for Trust Total Cash and Cash Equivalents No. of Shares Stocks 142 Alcatel-Lucent stock 2,825 AT&T stock (includes 1574 shares of SBC Communications stock) 415 Comcast Corporation stock 12 Fairpoint Communications, Inc. stock (worth $.48 at date of death; now bankrupt) 159 Frontier Communications stock 50 NCR Corporation stock Inventory Value 08/12/2002 $ 840.48 1,205.72 1,579.23 6,465.48 0.02 21,938.50 0.39 5,710.87 0.10 1,031.00 $ 394.05 75,992.50 7,413.98 0.48 1,216.54 633.00 $ 38,771.79 (2) Receipts of Principal (Continued) No. of Shares Stocks 41 Prudential Financial, Inc. stock 333 Qwest Communications stock (now known as 55 shares of CenturyLink) 100 Teradata Corporation stock 664 Verizon Communications Inc. 411 Vodafone Group Plc stock Total Stocks Par Value Bonds, Debentures & T-Bills 17 United States Savings Bonds - 14 $25 Series E and 3 Series EE $50 5 United States Savings Bonds - 5 $500 Series HH Total Bonds, Debentures & T-Bills Tangible Personal Property 2005 Chevrolet VIN 1 GNDT 13 S 852271774 -sold for Coins found at decedent's house Personal property -sold at auction by Jones & Martin Auctions, LLC Total Tangible Personal Property Miscellaneous Allianz Life Insurance Company of North America -non-qualified annuity policy number 70683846 American National Insurance Company -annuity claim number C738348 Aviva Life and Annuity Company - policy number 048055 Inventory Value 08/12/2002 $ 2,282.88 1,889.78 3,028.00 20,042.84 9,868.50 $ 2,053.14 2,500.00 $ 12,000.00 253.25 8,285.30 $ 59,994.29 118,086.90 30,000.00 ~ 122,762.55 4,553.14 20.538.55 (3) Receipts of Principal (Continued) Miscellaneous United States Life Insurance Company in the City of New York/American General Life Companies -policy number 1133660E Total Miscellaneous Real Property Real Estate located at 108 Shady Road, Newburg, PA -sold for Total Real Property Total Inventory Receipts Subsequent to Inventory 10/01/2010 Benefits Pension Payment 12/09/2010 Century Link refund O l /06/2011 School taxes on real estate -prorated on HUD settlement statement 01/06/2011 Verizon Benefits Center -refund of premium O 1 /06/2011 Waste Management refund 02/18/2011 Strickler Insurance -homeowner's and car insurance refund 04/26/2011 US Treasury - 2010 federal tax refund 06/01 /2011 Adams Electric Co-op 09/06/2011 Inheritance tax refund Inventory Value 08/12/2002 $ 25,000.00 $ 188,000.00 $ 190.42 19.69 988.33 450.00 48.02 255.00 900.00 67.65 3,775.76 ~ 233.081.19 188.000.00 $ 607.707.22 (4) Receipts of Principal (Continued) Receipts Subsequent to Inventory 12/08/2010 Prudential Life Insurance Policy #11100410 $ 11,500.00 Total Receipts Subsequent to Inventory $ 18,194.87 Transfers from Income 09/01 /2010 M&T Bank -savings account #15004205412981 $ 0.06 07/21 /2011 M&T Bank -checking account number 9839843167, in trust for Nancy Gander 0.39 07/28/2011 M&T Bank -money market account #15004212147711, in trust for Nancy Gander 11.07 10/13/2011 Estate Checking Account 32.93 10/13/2011 Trust Checking Account 21 637.28 Total Transfers from Income $ 21,681.73 Total Receipts of Principal $ 647,583.82 (5) Irene Atno Gains and Losses on Sales or Other Dispositions of Principal Net Gain 08/18/2010 Collection Cash found at decedent's residence Net Proceeds $ 567.50 Carried at 567.50 08/20/2010 Collection Cash found at decedent's residence Net Proceeds $ 352.50 Carried at 352.50 08/20/2010 Collection Cash found at decedent's residence Net Proceeds $ 285.72 Carried at 285.72 08/25/2010 Collection Coins found at decedent's house Net Proceeds $ 253.25 Carried at 253.25 09/01/2010 Collection M&T Bank -savings account #15004205412981 Net Proceeds $ 5,711.03 Carried at 5,711.03 09/22/2010 Collection Cash and coins found at house and in decedent's wallet Net Proceeds $ 840.48 Carried. at 840.48 10/01/2010 Collection Benefits Pension Payment Net Proceeds $ 190.42 Carried at 190.42 Net Loss (6) Gains and Losses on Sales or Other Dispositions of Principal (Continued) Net Gain 11/15/2010 Collection Deposit miscellaneous dividend checks (later funds were withdrawn and re-deposited and itemized in the correct account) a check was later written from this M&T account to cover these dividends that were deposited into the wrong account Net Proceeds Carried at 11/20/2010 Collection United States Life Insurance Company in the City of New York/American General Life Companies -policy number 1133660E $ 1,579.23 1,579.23 Net Proceeds $ 25,000.00 Carried at 25,000.00 11/24/2010 Collection Aviva Life and Annuity Company - policy number 048055 Net Proceeds $ 30,000.00 Carried at 30,000.00 12/08/2010 Collection Prudential Life Insurance Policy #11100410 Net Proceeds $ 11,500.00 Carried at 11,500.00 12/09/2010 Collection Century Link refund Net Proceeds $ 19.69 Carried at 19.69 Net Loss (7) Gains and Losses on Sales or Other Dispositions of Principal (Continued) Net Gain Net Loss 01/06/2011 Sale Personal property -sold at auction by Jones & Martin Auctions, LLC Net Proceeds $ 8,285.30 Carried at 8,285.30 01/06/2011 Sale Real Estate located at 108 Shady Road, Newburg, PA -sold for Net Proceeds $ 188,000.00 Carried at 188,000.00 01/06/2011 Collection School taxes on real estate - prorated on HUD settlement statement Net Proceeds $ 988.33 Carried at 988.33 01/06/2011 Collection Verizon Benefits Center -refund of premium Net Proceeds $ 450.00 Carried at 450.00 01/06/2011 Collection Waste Management refund Net Proceeds $ 48.02 Carried at 48.02 02/10/2011 Redemption Allianz Life Insurance Company of North America -non-qualified annuity policy number 70683846 Original redemption amount = $60,756.40 but $1,075.64 was withheld for taxes Inventoried at $ 59,994.29 Net Proceeds 59,680.76 $ 313.53 (8) Gains and Losses on Sales or Other Dispositions of Principal (Continued) Net Gain 02/16/2011 Redemption American National Insurance Company -annuity claim number C738348 Net Proceeds $ 118,086.90 Carried at 118,086.90 02/18/2011 Collection Strickler Insurance -homeowner's and car insurance refund Net Proceeds $ 255.00 Carried at 255.00 02/23/2011 Sale 5 Par United States Savings Bonds - 5 $500 Series HH Net Proceeds $ 2,500.00 Carried at 2,500.00 02/25/2011 Sale 17 Par United States Savings Bonds - 14 $25 Series E and 3 Series EE $50 Net Proceeds $ 2,053.14 Carried at 2,053.14 04/26/2011 Collection US Treasury - 2010 federal tax refund Net Proceeds $ 900.00 Carried at 900.00 05/03/2011 Collection US Treasury 2010 federal tax refund for Trust Net Proceeds $ 1,031.00 Carried at 1,031.00 Net Loss (9) Gains and Losses on Sales or Other Dispositions of Principal (Continued) Net Gain Net Loss 05/19/2011 Sale 142 Shares Alcatel-Lucent stock Net Proceeds $ 826.72 Inventoried at 394.05 05/19/2011 Sale 2,825 Shares AT&T stock (includes 1574 shares of SBC Communications stock) Net Proceeds $ 88,254.98 Inventoried at 75,992.50 05/19/2011 Sale 159 Shares Frontier Communications stock Net Proceeds $ 1,406.07 Inventoried at 1,216.54 05/19/2011 Sale 50 Shares NCR Corporation stock Net Proceeds $ 976.50 Inventoried at 633.00 05/19/2011 Sale 41 Shares Prudential Financial, Inc. stock Net Proceeds $ 2,630.97 Inventoried at 2,282.88 05/19/2011 Sale 333 Shares Qwest Communications stock (now known as 55 shares of CenturyLink) Net Proceeds $ 2,363.35 Inventoried at 1,889.78 $ 432.67 12,262.48 189.53 343.50 348.09 473.57 (10) Gains and Losses on Sales or Other Dispositions of Principal (Continued) Net Gain 05/19/2011 Sale 100 Shares Teradata Corporation stock Net Proceeds Inventoried at 05/19/2011 Sale 664 Shares Verizon Communications Inc. Net Proceeds Inventoried at 05/19/2011 Sale 411 Shares Vodafone Group Plc stock Net Proceeds Inventoried at 06/01/2011 Collection Adams Electric Co-op ownership distribution death payout Net Proceeds Carried at 06/01/2011 Retired as Worthless 12 Shares Fairpoint Communications, Inc. stock (worth $.48 at date of death; now bankrupt) bankrupt Inventoried at Net Proceeds 06/02/2011 Sale 415 Shares Comcast Corporation stock Net Proceeds Inventoried at $ 5,501.35 3,028.00 $ 2,473.35 $ 24,669.59 20,042.84 4,626.75 $ 11,550.66 9,868.50 1,682.16 $ 67.65 67.65 $ 0.48 0.00 $ 10,350.10 7,413.98 2,936.12 (11) Net Loss 0.48 Gains and Losses on Sales or Other Dispositions of Principal (Continued) Net Gain 09/06/2011 Collection Inheritance tax refund overpayment of taxes Net Proceeds $ 3,775.76 Carried at 3,775.76 10/13/2011 Collection Estate Checking Account close estate checking account and transfer funds to trust checking account Net Proceeds $ 22,641.82 Carried at 22,641.82 Total Gains and Losses Net Gain Net Loss $ 25,768.22 $ 314.01 ~ 25,454.21 (12) Irene Atno Disbursements of Principal Date Paid Amount Paid Debts of Decedent Adams Electric Coop 09/23/2010 electric service $ 384.00 Total Adams Electric Coop $ 384.00 CenturyLink 08/23/2010 telephone service $ 70.06 09/20/2010 telephone service 85.30 Total CenturyLink $ 155.36 Chambersburg Hospital 11/30/2010 service rendered 8/3/10 $ 5.54 Check Number 110 Total Chambersburg Hospital $ 5.54 check #922 written prior to death but clearing after death 08/25/2010 $ 2,007.13 Total check #922 written prior to death but clearing after death $ 2,007.13 Check #925 written prior to death but clearing after death 08/19/2010 $ 50.00 Total Check #925 written prior to death but clearing after death $ 50.00 Check #926 written prior to death but clearing after death 08/18/2010 $ 50.00 Total Check #926 written prior to death but clearing after death $ 50.00 DirecTV 09/28/2010 $ 79.48 (13) Disbursements of Principal (Continued) Date Paid Debts of Decedent 11/10/2010 final tv bill Check Number 103 Total DirecTV Discover 09/27/2010 credit card debt Total Discover PA Department of Revenue 03/29/2011 PA-40 2010 tax owed Check Number 117 Total PA Department of Revenue Sunoco 09/29/2010 Total Sunoco Total Debts of Decedent Funeral Expenses Fogelsanger-Bricker Funeral Home 09/27/2011 remaining balance on funeral not covered by prepaid insurance policy Check Number 122 Total Fogelsanger-Bricker Funeral Home Total Funeral Expenses Administration Expenses A&A Abstracting 12/16/2010 obtain deed copy for real estate Check Number 504 Total A&A Abstracting Adams Electric Coop 11/15/2010 electric service Check Number 108 (14) Amount Paid $ 39.14 118.62 $ 121.88 ~ 121.88 $ 159.00 $ 159.00 $ 80.50 $ 80.50 ~ 3,132.03 $ 1,443.00 $ 1,443.00 ~ 1,443.00 $ 8.00 $ 8.00 $ 180.73 Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 01/06/2011 electric service $ 59.00 Check Number 113 01/20/2011 final electric service 41.00 Check Number 115 Total Adams Electric Coop $ 280.73 Allan B. Judson, Abstractor 12/21/2010 Title search for real estate prior $ 232.00 to sale Check Number 505 Total Allan B. Judson, Abstractor $ 232.00 Ausherman Brothers Real Estate 11/18/2010 real estate appraisal $ 350.00 Check Number 1001 Total Ausherman Brothers Real Estate $ 350.00 Aviva Life and Annuity Company 11/20/2010 surrender charge $ 2,573.04 11/20/2010 federal tax withholding 1,031.09 Total Aviva Life and Annuity Company $ 3,604.13 Barbara A. Timmons 12/14/2010 partial trustee commission $ 12,000.00 Check Number 502 05/17/2011 final trustee commission 12,710.00 Check Number 510 Total Barbara A. Timmons $ 24,710.00 CenturyLink 10/21/2010 telephone service $ 62.67 11/10/2010 telephone bill 19.69 Check Number 103 11/22/2010 telephone service 6.04 Total CenturyLink $ 88.40 (15) Disbursements of Principal (Continued) Date Paid Administration Expenses Check #1002 payable to Estate Trust Account to reimburse for dividends incorrectly deposited to M&T account #9839843167 ITF Nancy Gander 12/16/2010 Check Number 1002 Total Check #1002 payable to Estate Trust Account to reimburse for dividends incorrectly deposited to M&T account #9839843167 ITF Nancy Gander Cumberland Valley Law Journal 11/15/2010 legal advertising Check Number 105 Total Cumberland Valley Law Journal Edward Jones 05/17/2011 estate valuation fee 05/19/2011 commission on sale of AT&T stock 05/19/2011 transaction fee for sale of AT&T stock 05/19/2011 commission on sale of Frontier Communications stock 05/19/2011 transaction fee on sale of Frontier Communications stock 05/19/2011 commission on sale of NCR stock 05/19/2011 transaction fee on sale of NCR stock 05/19/2011 commission on sale of Teradata Corp stock 05/19/2011 transaction fee on sale of Teradata Corp stock 05/19/2011 commission on sale of Alcatel Lucent stock Amount Paid 1,605.87 ~ 1,605.87 75.00 ~ 75.00 $ 100.00 1,087.55 4.95 50.00 4.95 50.00 4.95 137.53 4.95 50.00 (16) Disbursements of Principal (Continued) Date Paid Administration Expenses 05/19/2011 transaction fee for sale of Alcatel Lucent stock 05/19/2011 commission on sale of Centurylink stock 05/19/2011 transaction fee on sale of Centurylink stock 05/19/2011 commission on sale of Vodafone Group Plc stock 05/19/2011 transaction fee for sale of Vodafone Group Plc stock 05/19/2011 commission on sale of Prudential Financial stock 05/19/2011 transaction fee on sale of Prudential Financial stock 05/19/2011 commission on sale of Verizon Communications stock 05/19/2011 transaction fee on sale of Verizon Communications stock 06/02/2011 transaction fee for sale of Comcast stock 06/02/2011 commission on sale of Comcast stock Total Edward Jones Jones & Martin Auctions, LLC 01/06/2011 advertising costs and commission associated with sale of personal property 01/06/2011 commission and advertising expenses involved with sale of real estate Total Jones & Martin Auctions, LLC Linda Snoker Amount Paid $ 4.95 59.08 4.95 253.26 4.95 65.77 4.95 450.04 4.95 4.95 235.25 ~ 2,587.98 $ 807.31 4,458.24 $ 5,265.55 (17) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses 11/15/2010 housecleaning services prior to $ 200.00 sale of house Check Number 109 Total Linda Snoker $ 200.00 M&T Bank 08/20/2010 Safe deposit box fee $ 25.00 10/13/2011 fee to drill lock box open due to 150.00 lost keys Check Number 123 Total M&T Bank $ 175.00 Marzella & Associates 10/21/2010 attorney fees $ 1,742.00 Check Number 102 11/20/2010 attorney fees prior to Walker, 660.00 Connor & Spang, LLC handling estate file Check Number 107 Total Marzella & Associates $ 2,402.00 Nancy Gander 11/30/2010 reimburse for gas expenses to $ 394.38 travel for funeral and clean out house Check Number 111 07/29/2011 reimbursement for funds used 404.25 from M&T ITF account Check Number 511 Total Nancy Gander $ 798.63 PA Department of Revenue 03/24/2011 First fiduciary - PA41 tax owed $ 53.00 Check Number 506 Total PA Department of Revenue $ 53.00 Settlement charges as shown on HUD statement 01/06/2011 for sale of real estate at 108 $ 1,885.70 Shady Road, Newburg, PA (18) Disbursements of Principal (Continued) Date Paid Amount Paid Administration Expenses Total Settlement charges as shown on HUD statement S 1,885.70 Showalter & Miller, CPAs 03/29/2011 final life tax return preparation $ 300.00 fee Check Number 118 03/29/2011 Preparation of first fiduciary 275.00 tax return Check Number 507 Total Showalter & Miller, CPAs $ 575.00 Suburban Propane 01/20/2011 final propane bill $ 76.32 Check Number 116 Total Suburban Propane $ 76.32 The Sentinel 01/06/2011 legal advertising $ 208.78 Check Number 114 Total The Sentinel $ 208,78 Title Search Fee 10/01/2010 for 108 Shady Road, Newburg, $ 150.00 PA Check Number 1 O1 Total Title Search Fee $ 150.00 Waste Management 11/15/2010 final trash bill $ 72.03 Check Number 106 Total Waste Management $ 72.03 Total Administration Expenses $ 45,404.12 Federal and State Taxes Register of Wills, Agent 05/12/2011 inheritance tax owed $ 27,329.00 Check Number 508 Total Register of Wills, Agent $ 27,329.00 (19) Disbursements of Principal (Continued) Date Paid Amount Paid Federal and State Taxes Total Federal and State Taxes ~ 27,329.00 Fees and Commissions Register of Wills, Cumberland County 08/19/2010 probate fee $ 542.50 12/02/2010 short certificates 24.00 Check Number 112 05/17/2011 REV 1500 filing fee 15.00 Check Number 120 Total Register of Wills, Cumberland County $ 581.50 Walker, Connor &Spang, LLC 12/14/2010 partial attorney fees $ 12,000.00 Check Number 503 05/17/2011 final trust and estate attorney 19,735.00 fees Check Number 509 Total Walker, Connor &Spang, LLC $ 31,735.00 Total Fees and Commissions $ 32,316.50 Total Disbursements of Principal $ 109,624.65 (20) Irene Atno Distributions of Principal to Beneficiaries Distribution Value Nancy Gander 06/09/2011 Cash $ 48,680.77 distribution of 1/3 value of stocks 07/22/2011 Cash 3,948.47 account in trust for Nancy 07/29/2011 Cash 21,949.96 account in trust for Nancy $ 74,579.20 Adam Strungis 12/04/2010 2005 Chevrolet VIN $ 12,000.00 1GNDT13S852271774 -sold for 06/09/2011 Cash 24,340.38 distribution of 1/2 of 1/3 value of stocks $ 36,340.38 Scott Strungis 06/09/2011 Cash $ 24,340.39 distribution of 1 /2 of 1 /3 value of stocks ~ 24,340.39 Virginia Westervelt 06'09/2011 Cash $ 48,680.77 distribution of 1/3 value of stocks ~ 48,680.77 Total Distributions of Principal to Beneficiaries $ 183,940.74 Total Distributions of Principal $ 183,940.74 (21) Irene Atno Principal Balance On Hand Inventory Value Cash and Cash Equivalents Trust Checking Account $ 379,472.64 Total Cash and Cash Equivalents Total Balance on Hand $ 379,472.64 379,472.64 (22) Irene Atno Information Schedules -Principal Inventory Value Exchanges and Stock Distributions 2005 Chevrolet VIN 1GNDT13S852271774 -sold for 08/17/2010 Received 12/04/2010 Distribution To Adam Strungis Alcatel-Lucent stock 08/17/2010 142 Shs. Received 05/19/2011 (142) Shs. Sold Allianz Life Insurance Company of North America -non-qualified annuity policy number 70683846 08/17/2010 Received 02/ 10/2011 Redeemed Original redemption amount = $60,756.40 but $1,075.64 was withheld for taxes American National Insurance Company -annuity claim number C738348 08/17/2010 Received 02/ 16/2011 Redeemed AT&T stock (includes 1574 shares of SBC Communications stock) 08/17/2010 2,825 Shs. Received 05/19/2011 (2,825) Shs. Sold Aviva Life and Annuity Company -policy number 048055 08/17/2010 Received 11/24/2010 Collected Coins found at decedent's house 08/17/2010 Received 08/25/2010 Collected $ 12,000.00 (12,000.00) 394.05 (394.05) 59,994.29 (59,994.29) 118,086.90 (118,086.90) 75,992.50 (75,992.50) 30,000.00 (30,000.00) 253.25 (253.25) (23) Information Schedules -Principal (Continued) Inventory Value Exchanges and Stock Distributions Comcast Corporation stock 08/17/2010 415 Shs. Received 06/02/2011 (415) Shs. Sold Fairpoint Communications, Inc. stock (worth $.48 at date of death; now bankrupt) 08/17/2010 12 Shs. Received 06/01/2011 (12) Shs. Retired as worthless bankrupt Frontier Communications stock 08/17/2010 159 Shs. Received 05/19/2011 (159) Shs. Sold NCR Corporation stock 08/17/2010 50 Shs. Received 05/19/2011 (50) Shs. Sold Personal property -sold at auction by Jones & Martin Auctions, LLC 08/17/2010 Received 01/06/2011 Sold Prudential Financial, Inc. stock 08/17/2010 41 Shs. Received 05/19/2011 (41) Shs. Sold Prudential Life Insurance Policy #11100410 12/08/2010 Received 12/08/2010 Collected Qwest Communications stock (now known as 55 shares of CenturyLink) 08/17/2010 333 Shs. Received 05/19/2011 (333) Shs. Sold $ 7,413.98 (7,413.98) 0.48 (0.48) 1,216.54 (1,216.54) 633.00 (633.00) 8,285.30 (8,285.30) 2,282.88 (2,282.88) 11,500.00 (11,500.00) 1,889.78 (1,889.78) (24) Information Schedules -Principal (Continued) Inventory Value Exchanges and Stock Distributions Real Estate located at 108 Shady Road, Newburg, PA -sold for 08/17/2010 Received $ 188,000.00 01/06/2011 Sold (188,000.00) Teradata Corporation stock 08/17/2010 100 Shs. Received 3,028.00 0/19/2011 (100) Shs. Sold (3,028.00) United States Life Insurance Company in the City of New York/American General Life Companies -policy number 1133660E 08/17/2010 Received 25,000.00 11 /20/2010 Collected (25,000.00) United States Savings Bonds - 14 $25 Series E and 3 Series EE $50 08/17/2010 17 Par Received 2,053.14 02/25/2011 (17) Par Sold (2,053.14) United States Savings Bonds - 5 $500 Series HH 08/17/2010 5 Par Received 2,500.00 02/23/2011 (5) Par Sold (2,500.00) Verizon Communications Inc. 08/17/2010 664 Shs. Received 20,042.84 05/19/2011 (664) Shs. Sold (20,042.84) Vodafone Group Plc stock 08/17/2010 411 Shs. Received 9,868.50 05/19/2011 (411) Shs. Sold (9,868.50) (25) Irene Atno Unpaid Principal Expenses Reserve to be held for payment of any fiduciary taxes that may be owed Total Reserve Showalter & Miller, CPAs preparation of final fiduciary tax return Total Showalter & Miller, CPAs Total Total Unpaid Expenses ~ 10,000.00 S 10,000.00 $ 300.00 $ 300.00 $ 10,300.00 10,300.00 (26) Irene Atno Total Principal Unrealized Gains and Losses Market Value $ 0.00 Inventory Value Gain or (Loss) 0.00 $ 0.00 (27) Irene Atno Receipts of Income Income Collected American National Insurance Company - annuity claim number C738348 02/16/2011 Interest $ 2,147.40 AT&T stock (includes 1574 shares of SBC Communications stock) 12/14/2010 Dividend on 2,825 Shares $ 1,186.50 02/16/2011 Dividend on 2,825 Shares 1,214.75 05/16/2011 Dividend on 2,825 Shares 1,214.75 $ 2,147.40 3,616.00 Aviva Life and Annuity Company - policy number 048055 11 /24/2010 Interest $ 12, 8 83.96 12,883.96 Comcast Corporation stock 12/14/2010 Dividend on 415 Shares $ 39.22 02/02/2011 Dividend on 415 Shares 39.22 05/03/2011 Dividend on 415 Shares 46.69 125.13 Estate Checking Account 10/01 /2010 Interest $ 0.04 11 /01 /2010 Interest 0.05 12/01 /2010 Interest 0.03 01/01/2011 Interest 0.07 02/01 /2011 Interest 0.14 03/01 /2011 Interest 0.14 04/01 /2011 Interest 0.17 (28) Receipts of Income (Continued) Estate Checking Account 05/01/2011 Interest 06/01 /2011 Interest 07/01 /2011 Interest 08/01/2011 Interest 09/01/2011 Interest 10/01/2011 Interest $ 0.16 0.17 0.17 0.18 0.17 0.19 $ 1.68 Frontier Communications stock 12/14/2010 Dividend on 159 Shares 01/06/2011 Dividend on 159 Shares M&T Bank -checking account number 9839843167, in trust for Nancy Gander 09/03/2010 Less accrue 10/04/2010 11 /04/2010 12/03/2010 O l /04/2011 02/04/2011 03/04/2011 04/04/2011 05/04/2011 06/04/2011 07/04/2011 07/21/2011 Interest 3 portion Interest Interest Interest Interest Interest Interest Interest Interest Interest Interest Interest 29.81 29.81 0.05 (0.02) 0.03 0.04 0.04 0.04 0.03 0.04 0.03 0.03 0.03 0.03 0.02 59.62 (29) Receipts of Income (Continued) M&T Bank -checking account number 9839843167, in trust for Nancy Gander 0.39 M&T Bank -money market account #15004212147711, in trust for Nancy Gander 09/03/2010 Less accrue 10/03/2010 11 /03/2010 12/03/2010 01/03/2011 02/03/2011 03/03/2011 04/03/2011 05/03/2011 06/03/2011 07/03/2011 07/28/2011 Interest i portion Interest Interest Interest Interest Interest Interest Interest Interest Interest Interest Interest 0.93 (0.39) 1.00 0.99 0.94 1.03 1.00 0.90 1.00 0.97 0.96 0.91 0.83 M&T Bank -savings account #15004205412981 08/25/2010 Interest Less accrued portion Prudential Financial, Inc. stock O 1 /06/2011 Dividend on 41 Shares 0.16 (0.10) 47.15 11.07 0.06 47.15 Qwest Communications stock (now known as 55 shares of CenturyLink) (30) Receipts of Income (Continued) Qwest Communications stock (now known as 55 shares of CenturyLink) 11/05/2010 Dividend on 333 Shares $ 26.64 12/14/2010 Dividend on 333 Shares 26.64 01/06/2011 Dividend on 333 Shares 26.64 03/08/2011 Dividend on 333 Shares 26.64 05/03/2011 Dividend on 333 Shares 17.09 ~ 123.65 Trust Checking Account 12/07/2010 Interest $ 6.19 O 1 /07/2011 Interest 11.20 02/07/2011 Interest ~ 54.48 03/07/2011 Interest 84.13 04/07/2011 Interest 105.07 05/06/2011 Interest 105.08 06/06/2011 Interest 91.93 07/06/2011 Interest 87.61 07/08/2011 Interest 8.76 08/08/2011 Interest 81.90 09/07/2011 Interest 90.88 10/07/2011 Interest 87.96 815.19 United States Savings Bonds - 5 $500 Series HH 02/18/2011 Interest on 5 Par $ 20.00 02/24/2011 Interest 11.25 31.25 (31) Receipts of Income (Continued) Verizon Communications Inc. 08/20/2010 Dividend on 664 Shares $ 315.40 12/14/2010 Dividend on 664 Shares 323.70 02/16/2011 Dividend on 664 Shares 323.70 05/16/2011 Dividend on 664 Shares 323.70 Vodafone Group Plc stock 08/20/2010 Dividend on 411 Shares $ 349.48 02/10/2011 Dividend on 411 Shares 183.20 $ 1,286.50 532.68 Total Income Collected Total Income Received $ 21,681.73 $ 21,681.73 (32) Irene Atno Gains and Losses on Sales or Other Dispositions of Income Net Gain Net Loss No Gain or Loss ~ 0.00 (33) Date Paid Irene Atno Disbursements of Income Total Disbursements of Income (34) Amount Paid 0.00 Irene Atno Distributions of Income to Beneficiaries Transfers to Principal 09/01/2010 Transfer From: M&T Bank -savings account #15004205412981 To: M&T Bank -savings account #15004205412981 07/21 /2011 Transfer From: M&T Bank -checking account number 9839843167, in trust for Nancy Gander To: M&T Bank -checking account number 9839843167, in trust for Nancy Gander 07/28/2011 Transfer From: M&T Bank -money market account #15004212147711, in trust for Nancy Gander To: M&T Bank -money market account #15004212147711, in trust for Nancy Gander 10/13/2011 Transfer From: Estate Checking Account To: Estate Checking Account 10/13/2011 Transfer From: Trust Checking Account To: Trust Checking Account Total Transfers to Principal Total Distributions of Income Distribution Value 0.06 0.39 11.07 32.93 21,637.28 (35) $ 21,681.73 $ 21,681.73 Irene Atno Income Balance On Hand Inventory Value Total Balance on Hand 0.00 (36) Irene Atno Information Schedules -Income Inventory Value Exchanges and Stock Distributions (37) Irene Atno Income Unrealized Gains and Losses Market Value Inventory Value Gain or (Loss) Total $ 0.00 $ 0.00 $ 0.00 (38) SCHEDULE OF PROPOSED DISTRIBUTION ESTATE AND TRUST OF IRENE OLGA ATNO Combined Balance on Hand (as shown on page 1) $379,472.64 Minus Unpaid Principal Expenses (as shown on page 26) 10,300.00 Balance left for distribution to residuary beneficiaries: $369,172.64* Add back in value of vehicle distributed to Adam 12,000.00** Total value of estate to distribute: $381,172.64 Distribution as follows: Barbara A. Timmons $ 1,000.00 Adam Strungis (1/2 of 1/4th of trust residue minus $12,000** for value of vehicle taken in kind) $ 35,521..58 Scott Strungis (1/2 of 1/4th of trust residue) $ 47,521.58 Charles Gander (1/3`d of 1/4th of trust residue) $ 31,681.06 Thomas Gander (1/3`d of 1/4th of trust residue) $ 31,681.05 Christopher Gander, minor (1/3`d of 1/4th of trust residue) $ 31,681.05 Todd Westervelt (1/3`d of 1/4th of trust residue) $ 31,681.06 Taylor Westervelt (1/3`d of 1/4th of trust residue) $ 31,681.05 Grant Westervelt (1/3`d of 1/4th of trust residue) $ 31,681.05 Aidan John Strungis, minor (1/4th of trust residue) $ 95,043.16 *Please note that the above distribution amounts could be increased or decreased based on the amount paid for preparation of the fiduciary tax returns and any tax that maybe due. (39) Estate and Trust of Irene S. Atno VERIFICATION Earl F. Stovall, Executor of the Irene S. Atno Estate and Barbara A. Timmons, Trustee of the Irene Atno Trust, hereby declare under oath 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 and Trust have been paid in full; that to their knowledge there are no claims now outstanding against the Estate and Trust; and that all taxes presently due from the Estate and Trust 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. This statement is made subject to the penalties of 18 PA. C.S.A. Section 4904 relating to unsworn falsification to authorities. Date: /lr /~ ~ ~j' ~:~~~c.~ - . ~~_. Earl .Stovall, Executor n Date: % ~; ° /~/~/ .7'j ~ i . ~t..O ~, Barbara A. Timmons, Trustee (40)