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HomeMy WebLinkAbout04-27-12 (2),~: ESTATE OF WANDA H. SOMMERVILLE File No. 21-11-0536 FAMILY SETTLEMENT AGREEMENT ~~~'~~ 4 ~ + 9~ F~GE O~ [~t..i~ ~,~ ~~",1111 S ~. `:~. ~~i? APR 27 AM f l ~ 5~+ CLERK OF ORPHAN'S COURT Cl1MRFRi,P.NO fO . PA r~ THIS AGREEMENT made this 2 3 `- day of ~D/k,f' , 2012 BETWEEN: JOHN R. SOMMERVILLE, LOUANN S. NEIDIGH, MIMA J. WILLIS, AND SALLY D. SHAUL, being the legatees under the Last Will and Testament of Wanda H. Sommerville, late of the Township of West Pennsboro, Cumberland County, Pennsylvania, AND MIMA J. WILLIS and JOHN R. SOMMERVILLE, Co-Executors of the Estate under the Last Will and Testament of Wanda H. Sommerville, deceased, WHEREAS, Wanda H. Sommerville died April 7, 2011, testate, and under her Will left her estate to the parties herein; and WHEREAS, Letters Testamentary were granted to Mima J. Willis and John R. Sommerville on May 3, 2011, by the Register of Wills of Cumberland County, Pennsylvania; and WHEREAS, all assets of the late Wanda H. Sommerville have been liquidated or distributed and all her debts paid in full, and further the period of four months having been terminated since the first advertisement of the issuance of Letters to the said Co- Executors, the said parties hereto desire to waive the duty of the Co-Executors to file a WEIGLE 6 ASSOCIATES. P.C. -ATTORNEYS AT LAW - 126 EAST KING STREET - SI"IIPPENSBURG, PA 17 2 5 7-13 9 7 First and Final Account with Proposed Schedule of Distribution for purposes of confirmation by the Court of Common Pleas of Cumberland County, Orphan's Court Division, AND FURTHER desire that a Family Settlement .Agreement be executed, which Family Settlement Agreement will be duly recorded among the deed records in and for Cumberland County. NOW, THEREFORE, WITNESSETH, that the parties hereto, in consideration of the premises above stated, and of the Accounting and Proposed Schedule of Distribution attached hereto and made a part hereof, and the receipt of their distributive shares as therein shown, do bind themselves to the said Distribution and Accounting as set forth and further mutually release Mima J. Willis and John R. Sommerville, Co-Executors, from all claims and demands whatsoever arising out of settlement of the Estate of Wanda H. Sommerville. The parties hereto do further agree that should any liability come due to the estate of the said decedent after the signing of this agreement, they do hereby covenant and agree with the aforesaid personal representatives that they will contribute pro rata their shares 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 personal representatives after the signing, sealing and delivery of this family settlement agreement and final release. WEIGLE & ASSOCIATES, P.C. -ATTORNEYS AT LAW - 126 EAST KING STREET - SHIPPENSBURG, PA 17 2 57-13 9 7 J IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the day and year first above written. (SEAL) ohn R. Sommerville (SEAL) LouAnn S. eidigh (SEAL) i a J. W' 's (SEAL) Sally au WEIGLE & ASSOCIATES. P.C. -ATTORNEYS AT LAW - 126 EAST KING STREET - SHIPPENSBURG. PA 17257-1397 C_ ~ c $:. ~ ~ i COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND SS r~ On this, the ~ 3 r day of C~~~l-~-i` 2012, before me, the undersigned officer, personally appeared JOHN R. SOMMERVILLE, MIMA J. WILLIS, and SALLY D. SHAUL, known to me (or satisfactorily proven) to be the persons whose names are subscribed to the within instrument, and acknowledged that they executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. G~~t~^-/` ` ~~ (SEAL) Notarial Seal Linda K. Klein, Notary Public Shippensburg, PA Cumberland County My Commission Expires August 15, 2012 COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF Cu-~f3~2~AND ,af On this, the ~ ~ ^ day of ~~iu.~ 2012, before me, the undersigned officer, personally appeared LOUANN S. NEIDIGH, 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. 1N WITNESS WHEREOF, I hereunto set my hand and official seal. ~:~ ~~ Linda K. Klein, Notary Public Shippensburg, PA Cumberland County . ,.___,;....~,,,, G.~nirac Qc®ust 15, 201 WEIGLE G ASSOCIATES, P. C. -ATTORNEYS AT LAW - 126 EAST ~ ti In the Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. 21-11-0536 Estate of Wanda H. Sommerville Deceased Newville, West Pennsboro Township, Cumberland County First and Final Account Mima J. Willis and John R. Sommerville, Executors Date of Death: 04/07/2011 Date of Incapacity, if any: None Date of Executors' Appointment: 05/03/2011 Date of First Complete Advertisement: 06/03/2011 Accounting for the period: 04/07/2011 to 04/11/2012 Purpose of Account: Mima J. Willis and John R. Sommerville, Executors, offer 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 or questions or objections can be discussed with: Jerry A. Weigle Esquire Weigle 8~ Associates, P.C. 126 East King Street Shippensburg, PA 17257 717/532-7388 Supreme Court I.D. No. 01624 $~U1~IMARY OF ACCOUNT Estate of Wanda H. Sommerville, Deceased For the period of A rp it 7, 2011 thro~0h~ rIn 111, 2012 Fiduciary Current Acquisition Proposed Distributions ~~ Value Value to Beneficiaries 12 36,240.58 36,240.58 PRINCIPAL Receipts: This Account 3 Net Gain (or Loss) on Sales 110,261.86 or Other Dispositions 0.00 Less Disbursements: 110,261.86 Debts of Decedent 4 3,197.62 Funeral Expenses 4 12,908.58 Administration Expenses 4 628.75 Federal, State & Local Taxes 5 3,604.46 Commissions 0.00 Fees 5 6,033.00 Family Exemption 0.00 26,373.41 Balance Before Distributions 83,888.45 Transfer to (from) Principal 0.00 Distributions to Beneficiaries 6 47,675.55 Principal Balance on Hand 7 36,212.90 For Information: Investments Made Changes in Holdings INCOME 8 Receipts This Account 9 27 68 Net Gain (or Loss) on Sales 0.00 or Other Dispositions 27.68 Less Disbursements 0.00 Balance Before Distributions 27.68 Transfer to (from) Income 0.00 Distributions to Beneficiaries 0.00 Income Balance on Hand 10 27.68 For Information: Investments Made Changes in Holdings COMBINED BALANCE ON HAND 11 36,240.58 Verification 13 SCHEDULE A RECEIPTS OF PRINCIPAL Assets Listed in Inventory (Valued as of Date of Deathl ~I] CUNA Mutual Group Annuity 1417858 -beneficiaries 47.675.55 children of decedent, Mima J. Willis, John R. Sommerville, Lou Ann S. Neidigh, and Sally S. Shaul Orrstown Bank Irrevocable Burial Fund 12.870.59 Accrued interest on above item through date of death 31.90 Patriot Federal Credit Union Money Market Account 14,610.41 Accrued interest on above item through date of death 0.10 Patriot Federal Credit Union Prime Share Account 15,472.93 Accrued interest on above item through date of death 0.26 Patriot Federal Credit Union Shan: Draft Account 16,307.33 Accrued interest on above item through date of death 0.00 Total Cash Total Receipts 07N 2/2011 07/01/2011 04/10/2012 Sn6sen~uent Principal Rece,~nts Millennium Pharmacy Systems -refund of credit 8.89 balance State Employees Retirement System -final prorated 700.61 benefit U. S. Treasury - 2011 federal income tax refund 3,183.29 Total Subsequent Principal Receipts Total. Adjustments and Subsequent Receipts Total Receipts of Principal Fiduciary Acquisition Value 106,969.07 106.869.07 3,292.79 3.292.79 110,261.86 -3- C t ' SCHEDULE C DISBURSEMENTS OF PRINCIPAL 05104/2011 Patriot Federal Credit Union Prime Shahs Account - debit to account in transit at date of death 05/05/2011 Millennium Pharmacy 05!11/2011 Presbyterian Homes, Inc. 0 8 /1 412 01 1 Darryl K. Guistwite, D.O. Total Debts of Decedent Funeral Exoer Haas 04/17/2011 Fogelsanger-Bricker Funeral Home Total Funeral Expenses Administration Ex~nses 05!03/2011 Register of Wills, Cumberland County -Letters Testamentary and Short Certificates 05!05!2011 Cumberland Law Journal -advertising Letters Testamentary 08/09/2011 Newa Chronicle -advertising Letters Testamentary 08/15/2011 Register of Wills, Cumberland County -filing PA Inheritance Tax Return 04/71/2012 Linda K. Klein -notary fee 04!11/2012 Weigle 8 Associates, P.C. • reserve for filing Family Settlement Agreement with Register of Wills and Recorder of Deeds, Gumberland County 04/11/2012 Weigle 8 Associates, P.C. -reimbursement for postage, xerox copies, and long distance telephone calls Total Miscellaneous Administrative Expenses 60.00 390.18 2,733.15 14.29 12.909.58 265.50 75.00 121.25 15.00 32.00 100.00 20.00 3.197.62 12,909.58 628.75 -4- ti , y SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued 06/16/2011 Register of Wills, Cumberland County - PA 3,600.00 Inheritance Tax payment at discount 06/15/2011 Register of Wills, Cumberland County - PA 4.46 Inheritance Tax balance due Total Taxes Fees 08115/2011 Weigle 8 Associates, P.C. 6,033.00 Total Fees TOTAL DISBURSEMENTS OF PRINCIPAL 3,604.46 6,033.00 26,373.41 -5- • } l SCHEDULE D DISTRIBUTIONS OF PRINCIPAL John R. Sommerville 05/05/2011 CUNA Mutual Group Annuity 1417858 -1/4 beneficiary 11,918.89 interest 11,918.89 LouAnn S. Neidiah 05/05/2011 CUNA Mutual Group Annuity 1417658 -1/4 beneficiary 11,918.88 interest 11,918.88 Mims J. Willis 05/05/2011 CUNA Mutual Group Annuity 1417658 -1/4 beneficiary 17,918.89 interest 11,918.89 Sally D. Shaul 05/05/2011 CUNA Mutual Group Annuity 1417658 - 7/4 beneficiary 11,918.89 interest 11,918.89 TOTAL DISTRIBUTIONS TO BENEFICIARIES 47,875.55 -6- • ~ ~ _~ PRINCIPAL BALANCE ON HAND # Units Description Cash Estate Checking Account Total Cash -7- Current Value 04/11/2012 or as Noted 36,212.90 36,212.90 Fiduciary Acquisition Value 36.212.90 36.212.90 36,212.90 36,212.90 * ? + ,a SCHEDULEF CHANGES IN PRINCIPAL HOLDINGS # Units Cost CllNA Mutual Grou Annui 1417658 04-07I2011 Inventoried 47,675.55 05/05/2011 Distributed -11,918.88 05/05/2011 Distributed -11,918.89 05/05/2011 Distributed -11,918.89 05/05/2011 Distributed -11,918.89 0.00 Total a.oo -8- •r,a SCHEDULE G RECEIPTS OF INCOME Estate Checking A -o m 05/31/2011 06/30/2011 07/31 /2011 08/31/2011 10/02/2011 10/31/2011 11/30/2011 12/31/2011 01/31/2012 02/29/2012 04/01/2012 04/17/2011 final interest at closing Patriot Federal Credit Union Money Market Account 05/04/2071 final interest at closing 05/04/2011 final interest at closing TOTAL BANK INTEREST TOTAL RECEIPTS OF INCOME 1.46 1.67 1.62 1.60 1.57 1.42 1.47 1.51 1.52 1.34 1.47 7.09 2.80 1.14 16.65 7.09 2.80 1.14 27.68 27.68 -9- ~ ~ ~ y INCOME BALANCE ON HAND # Units Description Dash Estate Checking Account Current Value 04/11/2012 or as Noted Fiduciary Acquisition Value 27.68 27.68 Total Cash 27.68 27.68 27.68 27.88 -10- • ~-_y COMBINED BALANCE ON HAND Current Value Fiduciary 04/11/2012 Acquisition # Units Description or as Noted Value Garb Estate Checking Account 36.240.58 36,240.58 Total Cash 36,240.58 36,240.58 36,240.58 36.240.58 -11- i~K~f PROPOSED DISTRIBUTIONS TO BENEFICIARIES Current Value Fiduciary 04/11/2012 Acquisition or as noted Value TO: John R. Sommerville One-fourth Share -CASH 9,060.14 9.060.14 TO: LouAnn S. Neidiah One-fourth Share • CASH TO: Mima J. Willis One-fourth Share -CASH TO: Jy D. Shaul One-fourth Share -CASH 9,060.14 9,060.14 9,060.15 9,060.15 9.060.15 9,060.15 9,060.14 9,060.14 9,060.14 9,060.14 9,060.15 9,060.15 9,060.15 9,060.15 Total 36,240.58 36,240.58 -12- i ~'`''~ In the Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. 21-11-0536 Estate of Wanda H. Sommerville, Deceased Verification Mima J. Willis and John R. Sommerville, Executors under the Last Will and Testament of Wanda H. Sommerville, Deceased, hereby declare under oath that they have fully and faithfully discharged the duties of their office; that the foregoing Account is true and correct antl fully discloses all significant transactions occurrtng during the accounting period; that all known claims against the Estate have been paid in full; that, to hislher knowledge, theca are no claims now outstanding against the Estate; that all taxes presently due from the Estate have been pa1d; and that the grant of Caftans Testamentary and the first complete advertisement thereof occurred more than four months before the foregoing Account. This statement is made subject to penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. Dated: _~/o~.~~ oi-0/~ ~ I Mima .Will Co-Executor Dated: / \ ~10~~1 ~0/r~ Jo . So merville, Co-Executor - 13 -