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Home My WebLink About07-25-12~i - ~ C: - l -~f`j2 ESTATE OF LOUETTA E. BORDNER, DECEASED. Court of Common Pleas of Cumberland County, Pennsylvania Orphan's Court Division ESTATE OF LOUETTA E. BORDNER, DECEASED. No. 21-2010-1262 PETITION FOR ADJUDICATION/ STATEMENT OF PROPOSED DISTRIBUTION PURSUANT to PA. O.C. Rule 6.9 This form maybe used in all cases involving the Audit of the Account of a Decedent's Estate. If space is insufficient, riders maybe attached. Attach the spouse's election, if any; the papers required under items 8-19 inclusive; and any instrument pertinent to the adjudication. INCLUDE ATTACHMENTS AT THE BACK OF THIS FORM EDMUND G. MYERS Attorney Identification Number: 20558 Johnson, Duffie, Stewart & Weidner P.O. Box 109 Lemoyne, PA 17043-0109 (717) 761-4540 ~.., ~~~ ~Q ~-..~ x ~ ~~SS n - ~.~ F„1 J f~-~ ?- t ~ CTl r._.. ~--~ =C3 ~'~,'. r fi .-' ' cJ1 ~~ t,j ~.~ t V ~y N ~~ C'~ ~1 ~., Estate of LOUETTA E BORDNER ,Deceased 1. Names and addresses of Petitioners: Manufacturers and Traders Trust Company Monte L. Bordner One West High Street 61 Aspen Road Carlisle, PA 17013 Dillsburg, PA 17019 Identify any executors or administrators who have not joined in the Petition for Adjudication and Statement of Proposed Distribution and state reason: Is this the first accounting by this fiduciary? ..........................................D Yes ^ No If not, identify prior accountings, the accounting periods covered and the date of adjudication of the prior accounting. 2. Decedent died on November 23 2010 ~1 Letters Testamentary or ^ Letters of Administration were granted to Petitioner on December 22, 2010. EXHIBIT "A" Date of Will (if applicable): March 12, 1980 Date(s) of Codicil(s) (if applicable): Was a bond required? ^ Yes D No If yes, state amount: Are proofs of advertising of the grant of letters attached?..... D Yes ^ No EXHIBIT "B" AND "C" Dates of advertising of grant of letters: Cumberland Law Journal: January 14, January 21 January 28 2011 ~ and The Sentinel December 29, 2010, January 5, January 12 2011 3. Was decedent survived by a spouse? .................... ^ Yes ONo If yes, name the surviving spouse: 4. Has the surviving spouse filed to take an elective share? ^ Yes ^ No 5. In the case of an intestacy, state the names of the decedent's surviving children or surviving issue of deceased children (if none, so state): 6. Did decedent marry after execution of Will or Codicil(s)?....... ^ Yes D No 2 Estate of LOUETTA E. BORDNER ,Deceased Were any children born to decedent after execution of Will or Codicil(s) ........^ Yes D No If yes, give names and dates of birth: Name Date of Birth 7. If required by the Medical Assistance Estate Recovery Act, 62 P.S. § 1412, was a request for a statement of claim sent to the Department of Public Welfare? .................... ^ Yes D No 8. Written notice of the Audit as required by Pa. O.C. Rules 6.3, 6.7 and 6.8 has been or will be given to all parties in interest listed in item 9 below, all unpaid creditors and all claimants listed in item 10 below. In addition, notice of any questions requiring Adjudications as discussed in item 14 below has been or will be given to all persons affected thereby. A. If Notice has been given, attach a copy of the Notices as well as a list of the names and addresses of the parties receiving such Notice. B. If Notice is yet to be given, a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice. EXHIBIT "D" C. If any person entitled to Notice is not sui juris (e.g., minors or incapacitated persons) Notice of the Audit has been or will be given to the appropriate representative on such party's behalf as required by Pa. O.C. Rule 5.2. D. If any charitable interest in involved, Notice of the Audit has been or will also be given to the Attorney General as required under Pa. O.C. Rule 5.5. In addition, the Attorney General's clearance certificate (or proof of service of Notice and a copy of such Notice) must be submitted herewith or at the Audit. 9. List all parties (charitable and non charitable) of whom Petitioner has notice or knowledge, having or claiming any interest in the estate as beneficiaries under the Will or Codicil(s) or as intestate heirs if there is a complete or partial intestacy: 3 Estate of LOUETTA E. BORDNER Deceased A. State each party's relationship to the decedent and the nature of each party's interest(s): The residue of the Decedent's Estate passes to Manufacturer's and Traders Trust Company and Monte L. Bordner, Co-Trustees under agreement dated March 12, 1980, for distribution to Decedent's sons listed below: NAMES RELATIONSHIP TO INTEREST DECEDENT John J. Bordner Son 1/3~ interest in Trust 102 Cedar Drive Dillsburg, PA 17019 Bradford E. Bordner Son 1/3~ interest in Trust 114 Oak Drive Camp Hill, PA 17011 Monte L. Bordner Son 1/3~ interest in Trust 61 Aspen Road, Dillsbur , PA 17019 B. Identify each party who is not sui juris (e.g., minors or incapacitated persons). For each such party, give date of birth, name of each Guardian and how each Guardian was appointed. If no Guardian has been appointed, identify the next of the kin of such party, giving the name, address and relationship of each. C. State why a Petition for Guardian/Trustee Ad Litem has or has not been filed for this Audit (see Pa. O.C. Rule 12.4). D. If distribution is to be made to the personal representative of a deceased party, state date of death, date and place of grant of Letters and type of Letters granted. 10. Other than the claim for the family exemption, list names of all known claimants and the amount of their claims and state whether each claim is admitted. Name and Addresses of Each Claimant Amount of Claim Claim Admitted? Will Claim Be Paid in Full? ^ Yes ^ Yes None ^ No ^No If the estate is insolvent, attach a schedule setting forth the order of preference under 20 Pa.C.S. § 3392 and the proposed payments. 4 Estate of LOUETTA E BORDNER _~ Deceased 11. Was family exemption claimed? ................................. ^ Yes D No Was family exemption allowed? ................................. ^ Yes Q No Family exemption claimant's name and relationship: Name: Relationship: 12. The amount of Pennsylvania Transfer Inheritance Tax and additional Pennsylvania Estate Tax paid, the date(s) of payment(s), and the interest(s) upon which paid, are as follows: Date Payment Interest February 14, 2011 $ 30,000.00 August 16 2011 $ 3 137.26 13. On the date of death, was the decedent a fiduciary (personal representative, trustee, guardian, agent under power of attorney) or surety on the bond of a fiduciary?........ ^ Yes D No If yes, provide the name of the estate, indicate whether an account has been filed and confirmed absolutely and all awards performed, or, in the alternative, how the decedent's estate will be discharged for the decedent's fiduciary administration of the estate. 14. A. Describe in detail any questions requiring adjudication and state the position of the Petitioner(s) as to each question: NONE B. Has notice of the question requiring adjudication been given to the parties identified in Paragraph 9 above? .............................. ^ Yes D No 15. If Petitioner has knowledge that a share has been assigned, renounced, disclaimed or attached, provide a copy of the assignment, renunciation, disclaimer or attachment, together with any relevant supporting documentation. 16. Had the decedent been adjudicated an incapacitated person? ^ Yes D No If yes, attach a copy of the Order if available: otherwise state the Court, term, number, date, and name of Hearing Judge. 17. A. List or attach a separate list of additional receipts and disbursements since the closing date of the Account. B. Has notice of the additional receipts and disbursements been given to the parties identified in Paragraph 9 above? ..................... ^ Yes Q No 5 Estate of LOUETTA E BORDNER ,Deceased 18. If a reserve is requested, state amount and purpose. Amount: `567 802 16 Purpose: Remaining Attorneys Fees Executors Commissions and Expenses incurred to file the Account If a reserve is requested for counsel fees, has notice of the amount of fees to be paid from the reserve been given to the parties in interest? ..............................................D Yes Q No NOTICE IS IN THE ACCOUNT THAT EACH WILL RECEIVE If so, attach a copy of the notice. 19. Is the Court being asked to direct the filing of a Schedule of Distribution ...........................................^ Yes D No As to real estate only? ........................................................^ Yes D No 6 Estate of LOUETTA E. BORDNER .Deceased Wherefore, your Petitioner asks that distribution be awarded to the parties entitled and suggests that the distributive shares of income and principal (residuary shares being stated in proportions, not amounts) are as follows: A. Income: Proposed Distrlbutee(s) Amount/Proportion Manufacturers and Traders Trust Company and Monte L. Bordner, Co-Trustees for the benefit of Decedent's sons, John J. Bordner 1/3id Bradford E. Bordner 1/3"' Monte L. Bordner 1/3'" B. Principal: Proposed Distributee(s) Amount/Proportion Manufacturers and Traders Trust Company and Monte L. Bordner, Co-.Trustees for the benefit of Decedent's sons, John J. Bordner 1/3`d Bradford E. Bordner 1/3'0 Monte L. Bordner 1/3'0 Submitted by: Manufacturers and Traders Trust Company By: . Q t Ja s Smiley, Vice Presiden Petitioner -.s~c~'~~ ,~ Monte L. Bordner, Petitioner 7 Estate of LOUETTA E. BORDNER Deceased Verification of Petitioner (Verification must be signed by at least one petitioner) The undersigned hereby verify that the facts set forth in the foregoing Petition for Adjudication/Statement Proposed Distribution which are within the personal acknowledge of the Petitioners are true, and as to facts based on the information of others, the Petitioners, after diligent inquiry, believes them to be true; and that any false statements herein are made subject to the penalties of 18 Pa.C.S. § 4904 (relating to unsworn falsification to authorities). Manufacturers and Traders Trust Company s By: • Ja s Smiley, Vice Presi Petitioner 'JC'L,.-,s.~ Monte L. Bordner, etitioner Certification of Counsel The undersigned counsel hereby certifies that the foregoing Petition for Adjudication/Statement of Proposed Distribution is a true and accurate reproduction of the form Petition authorized by the Supreme Court, and that no changes to the form have been made beyond the responses herein. ~~~~~~~ ~ Counsel fo etitioner 8 REGISTER OF WILLS CUMBERLAND COUNTY PENNSYLVANIA CERTIFICATE OF GRANT OF LETTERS No . 2010- 01252 PA No . 21- 10- 1252 Estate Of : LOUETTA E BORDNER (first, Mlddie, Cast! Late Of : CARLISLE BOROUGH CUMBERLAND COUNTY Deceased Social Security No: 206-12-9757 WHEREAS, on the 22nd day of December 2010 an instrument dated March I2th 1980 was admitted to probate as the last will of LOUETTA E BORDNER (First, Midd/e, Lastl late of CARL/SLEBOROUGH, CUMBERLAND County, who died on the 23rd day of November 2010 and WHEREAS, a true copy of the will as probated is annexed hereto. THEREFORE, I, GLENDA EARNER STRASBAUGH Register of Wills in and for CUMBERLAND County, in the Commonwealth of Pennsylvania, hereby certify that I have this day granted Letters TESTAMENTARY to: M& T BANK and MONTE L BORDNER who have duly qualified as EXECUTOR(R/X) and have agreed to administer the estate according to law, all of which fully appears of record in my office a t CUMBERLAND COUNTY COURT HOUSE, CARLISLE, PENNSYLVANIA. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal of my office on the 22nd day of December 2010. ~,~nda rregistei or wins - rJ eputy * *NOTE* * ALL NAMES ABOVE APPEAR (FIRST, MIDDLE, LAST) a ~,hi b~~ W a J J Q PROOF OF PUBLICATION OF NOTICE IN CUMBERLAND LAW JOURNAL (Under Act No. 587, approved May 16, 1929), P. L.1784 COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND ss. Lisa Marie Coyne, Esquire, Editor of the Cumberland Law Journal, of the County and State aforesaid, being duly sworn, according to law, deposes and says that the Cumberland Law Journal, a legal periodical published in the Borough of Carlisle in the County and State aforesaid, was established January 2, 1952, and designated by the local courts as the official legal periodical for the publication of all legal-notices, and has, since January 2, 1952, been regularly issued weekly in the said County, and that the printed notice or publication attached hereto is exactly the same as was printed in the regular editions and issues of the said Cumberland Law Journal on the following dates, viz: January 14 January 21 and Januar 28 2011 Affiant further deposes that he is authorized to verify this statement by the Cumberland Law Journal, a legal periodical of general circulation, and that he is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statements as to time, place and character of publication are true. Lis Marie Coyne, E for SWORN TO AND SUBSCRIBED before me this 28 of January 2011 Notary Bordner, Louetta E., deed. Late of the Borough of Carlisle. Co-Executors: MBsT Bank and _ Monte L. Bordner, 1 W. High NOTARIAL SEA ~ h~ bL~ Street, P.O. Box 220, Carlisle, PA ~ 17013. DEBORAH A COLLiNS Attorney: Edmund G. Myers, Es- Notary Public a quire, 301 Market Street, Le- CARLISLE BOROUGH, CUMBERLAND COUNTY v~i moyne, PA 17043. My Commission Expires Apr 26, 2014 a PROOF OF PUBLICATION State of Pennsylvania, County of Cumberland Jackie Cox, Retail Sales Manaser of The Sentinel, of the County and State aforesaid, being duly sworn, deposes and says that THE SENTINEL, a newspaper of general circulation in the Borough of Carlisle, County and State aforesaid, was established December 13~, 1881, since which date THE SENTIlVEL has been regularly issued in said County, and that the printed notice or publication attached hereto is exactly the same as was printed and published in the regular editions and issues of THE SENTIlVEL on the following day(s): December 29, 2010, Tanuary 5 and Tanuary 12 2011 COPY OF NOTICE OF PUBLICATION EXECUTO~i NOTi~E Letters Testamentary on the'Est6te~of LOUETTq E. BORD~IER,iate`of me,= ~ Affiant further deposes that he/she is not Boiough of,Garlisle; Cumberland County; PennsyWania deceased, nave- interested in the subject matter of the been granted to the undersigned. -All persons knowing ttiemselves to be indebted to said Estate. will make afOresald notice Or advertisement, and that payment immediately, and those ha``v`ing claims will present them for semement to: all allegations in the foregoing statement as M&rBank and. to time, place and character of publication Monte L. Bordner, Co-Executors.- a true. 1 VYestHigh Stteet P,iQ: Box 220 Carlisle, PA 17013 Attorney: Edmund G. Myeis, Esquire Sworn to and subscribed before me this Notary Public My commission expires: NOTARIAL SEAL BAMBI ANN HECKENDORN Notary Public CARLISLE BOROUGH, CUMBERLAND CNTY My Commission Expires Jan 27, 2014 J 1 W Q F J IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVANIA ORPHANS' COURT DIVISION NO. 2110-1262 FIRST AND FINAL ACCOUNT FOR ESTATE OF LOUETTA E. BORDNER MANUFACTURERS AND TRADERS TRUST COMPANY, CO-EXECUTOR and MONTE L. BORDNER, CO-EXECUTOR NOTICE NOTICE is hereby given that the First and Final Account of Manufacturers and Traders Trust Company and Monte L. Bordner, Co-Executors of the Last Will and Testament dated March 12, 1980, will be filed in the Office of the Clerk of the Orphans' Court Division of Cumberland County, Pennsylvania, on or before, July 27, 2012. and that the same will be confirmed by the Court on or before Aus~ust 28, 2012 unless written objections are filed with the Clerk of the Orphans' Court Division on or before 9:00 A.M. (prevailing time) on or before Aus~ust 28. 2012, in accordance with the Rules of the Orphans' Court of Cumberland County. A copy of the First and Final Account and Proposed Distribution to the Beneficiaries is enclosed herewith. Edmund G. Myers, Attorney Johnson, Duffie, Stewart & Weidner 301 Market Street P.O. Box 109 Lemoyne, PA 17043-0109 (717) 761-4540 J ~bi~ Q J J Q To: MR..IOHN ~. BORDNER 102 CEDAR DRIVE DILLSBURG, PA 17019 MR. BRADFORD E. BORDNER 114 OAK DRIVE CAMP HILL, PA 17011 MR. MONTE L. BORDNER, CO-TRUSTEE AND BENEFICIARY 61 ASPEN ROAD, DILLSBURG, PA 17019 MANUFACTURERS & TRADERS TRUST COMPANY, CO- TRUSTEE C/O .LAMES SMILEY WEALTH ADVISORY SERVICES ONE WEST HIGH STREET CARLISLE, PA 17013 '~~t,l;;,.~~~~ V; ~ i(~~ ~~' Ii~~livf~ES i~i_ i~t~~~% IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PA .'.~.~`_`:~~,~,',;` ORPHANS' COURT DIVISION r' ~ ~'~`~` ~'~ _ Qf1~'~'t%~I~J vVt.1i~! FILE N0. 21-10-1252 ESTATE OF LOUETTA E. BORDNER, DECEASED FIRST AND FINAL ACCOUNT OF Manufacturers and Traders Trust Company and Monte L. Bordner, Co-Executors Date of Death: November 23, 2010 Date of Executor's Appointment: December 22, 2010 Date of First Complete Advertisement: The Sentinel December 29, 2010, January 5 and 12, 2011 Cumberland Law Journal Accounting for the period: November 23, 2010 to June 15, 2012 Purpose of Account: The Co-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, questions or objections can be discussed with: James A. Smiley, Assistant Vice President Manufacturers and Traders Trust Company One West High Street Carlisle, PA 17013 (717) 240-4505 Or Johnson, Duffie, Stewart & Weidner, P.C. 301 Market Street P. O. Box 109 Lemoyne, PA 17403-0109 Or Monte L. Bordner - 1 - i ; SUlYIIdARY OF ACCOUNT PAGES PRINCIPAL Receipts 3-5 $ 805,978.27 Net Gain on Sales or Disposition 6-7 34,869.41 $ 840,847.68 Less Disbursements: Funeral Expenses 8 $ 7,787,20 Legal Fees 8 9,500.00 Debts of Decedent 8-9 3,356.35 Federal State & Local Taxes 10 39,461.17 Administration - Misc. Exp. 11-13 76,205.61 -136,320.33 Balance before Distributions $ 704,527.35 Distributions to Beneficiaries 14 -971.18 Principal Balance on Hand 15 $ 703,556.17 For Information: Investments Made 16 Changes in Holdings 17-20 INCOME Receipts 21-22 $ 20,122.01 Less Disbursements 23 -992.38 Balance before Distributions $ 19,129.63 Income Balance on Hand 24 $ 19,129.63 COMBINED BALANCE ON HAND $ 722,685.80 Proposed Principal Distributions 25 Proposed Income Distributions 26 Verification 27_28 - 2 - PRINCIPAL RECEIPTS Assets Listed in Inventory (Valued as of Date of Death) Real Estate 40.29 Acres Land Near 1973 Baltimore Pike, East Berlin, PA Deed Book 73F, Page 86 - Appraised Value Common Stocks 711.561 Shs. Loomis Sayles Small Cap Value Fund I 20 Shs. MetLife Incorporated Accrued Dividend Mutual Funds 605.918 Shs. Alpine Intl Real Estate Equity Fund 915.01 Shs. Bridgeway Ultra Small Co. Mkt Fd 3,330.162 Shs. Federated Total Return Bond Fund 869.617 Shs. Harbor International Fund #11 5,075.242 Shs. MTB Large Cap Growth-Inst I Fund #299 1,612.744 Shs. MTB Large Cap Value-Inst I Fund #327 2,508.523 Shs. MTB Mid Cap Growth-Inst I Fund #401 897.879 Shs. MTB Small Cap Growth-Inst I Fund #555 14,348.776 Shs. MTB US Government Bond Inst I Fund #822 FORWARD $ 204,000.00 17,262.47 761.20 14.80 15,166.13 12,352.64 37,797.34 51,250.84 41,160.21 15,740.38 33,890.15 13,459.21 142,196.37 $ 585,051.74 - 3 - PRINCIPAL RECEIPTS (cont'd) FORWARD Mutual Funds (cont'd) 1,591.09 Shs. T. Rowe Price Inst L/C Growth 1,360 Shs. Vanguard Institutional Index Fund #94 1,052.881 Shs. Vanguard Value Index Fd Signal #1346 M&T Bank Checking Account #16609899 Members 1st Credit Union Account #197755-00 2010 Federal Income Tax Refund 2010 PA State Income Tax Refund AARP - Premium Refund Church of God - Refund for Long Distance Telephone Service County of York - Widow Burial Expense Louetta E. Bordner Trust under Agreement - Income to Date of Death Medicare Part D Rebate United Healthcare Insurance Company - Refund Verizon - Refund Wachovia IRA - Deposit Prior to Date of Death FORWARD $ 585,051.74 24,757.36 147,288.00 21,278.73 $ 778,375.83 16,441.26 84.63 3,400.00 337.00 187.30 8.00 100.00 5,095.08 250.00 360.00 13.44 300.00 S 804,952.54 $ 804,952.54 - 4 - PRINCIPAL RECEIPTS (cont'd) FORWARD SUBSEQUENT RECEIPTS MUTUAL FUNDS: 11/24/10 2.079 Shs. Federated Total Return Bond Fund - Additional Shares Received CASH: 01/27/11 Greater Carpenters' Pension Fund Credits $ 01/27/11 Received from Louetta E. Bordner Trust under Agreement - Distribution 01/27/11 Received from John J. Bordner Trust under Agreement Trust B - Distribution TOTAL PRINCIPAL RECEIPTS 54.55 520.23 450.95 804,952.54 00 1,025.73 S 805,978.27 ------------------ ------------------ - 5 - PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS GAIN LOSS 02/24/11 915.01 Shs. Bridgeway Ultra Small Co. Mkt Fd Net Proceeds 13,816.65 Acquisition Value 12,352.64 $ 1,464.01 02/24/11 1,360 Shs. Vanguard Institutional Index Fund #94 Net Proceeds 163,036.81 Acquisition Value 147,288.00 15,798.81 02/29/11 1,052.881 Shs. Vanguard Value Index Fd Signal #1346 Net Proceeds 24,016.22 Acquisition Value 21,278.73 2,737.49 02/24/11 711.561 Shs. Loomis Sayles Small Cap Value Fund I Net Proceeds 19,404.27 Acquisition Value 17,262.47 2,141.80 02/24/11 5,075.242 Shs. MTB Large Cap Growth-Inst I Fund #299 Net Proceeds 46,184.70 Acquisition Value 41,160.21 5,024.49 02/24/11 1,612.744 Shs. MTB Large Cap Value-Inst I Fund #327 Net Proceeds 17,772.44 Acquisition Value 15,740.38 2,032.06 02/24/11 2,508.523 Shs. MTB Mid Cap Growth-Inst I Fund #401 Net Proceeds 38,681.92 Acquisition Value 33,890.15 4,791.27 02/24/11 897.879 Shs. MTB Small Cap Growth-Inst I Fund #555 Net Proceeds 15,263.94 Acquisition Value 13,459.21 1,804.73 FORWARD $ 35,744.66 - 6 - PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS (cont'd) FORWARD GAIN LOSS $ 35,744.66 02/24/11 1,591.09 Shs. T. Rowe Price Inst L/C Growth Net Proceeds 27,223.55 Acquisition Value 24,757.36 02/24/11 889.617 Shs. Harbor International Fund #11 Net Proceeds 54,755.93 Acquisition Value 51,250.84 02/24/11 14,348.776 Shs. MTB US Government Bond Inst I Fund #822 Net Proceeds 138,465.69 Acquisition Value 142,196.37 03/03/11 20 Shs. MetLife Incorpora ted Net Proceeds 918.20 Acquisition Value 761.20 03/07/11 605.918 Shs. Alpine Intl Real Estate Equity Fund Net Proceeds 14,990.41 Acquisition Value 15,166.13 03/22/11 1,084.598 Shs. Federated Ultra Short Bd-Ins Net Proceeds 10,000.00 Acquisition Value 9,989.15 05/25/11 3,332.241 Shs. Federated Total Return Bond Fund Net Proceeds 37,621.00 Acquisition Value 37,797.34 06/07/12 58,633.101 Shs. Federated Ultra Short Bd-Ins Net Proceeds 537,079.21 Acquisition Value 540,010.85 2,466.19 3,505.09 157.00 10.85 TOTALS NET GAIN TRANSFERRED TO SUMMARY 3,730.68 175.72 176.34 2,931.64 $ 41,883.79 $ 7,014.38 S 34,869.41 ----------------- - 7 - DI3BUR3EMENT3 OF PRINCIPAL FUNERAL EXPENSES John J. Bordner 12/27/10 Reimbursement for Flowers - Garden Bouquet Monte L. Bordner 12/27/10 Reimbursement for Funeral Lunch 12/27/10 Reimbursement for Funeral Flowers 12/27/10 Reimbursement for Interment and Recording Fees 12/27/10 Reimbursement for Funeral Expenses LEGAL FEES Johnson, Duffie, Stewart & Weidner, P.C. 08/19/11 1/2 of Attorney Fee DEBTS OF DECEDENT Alert Pharmacy Services Incorporated 12/27/10 Balance Due 01/27/11 Continuing Care RX 12/27/10 Balance Due Church of God Home Incorporated 12/27/10 Balance Due 01/27/11 Name Labels FORWARD - 8 - $ 625.40 $ 969.26 169.60 945.00 5,087.94 7,171.80 $ 7,797.20 9,500.00 9,500.00 $ 2.54 10.14 12.68 93.28 $ 341.80 8.00 349.80 $ 455.76 $ 17,297.20 DISBURSEMENTS OF PRINCIPAL (cont'd) FORWARD $ DEBTS OF DECEDENT (cont'd) Elmcroft of Dillsburcr 02/01/11 Balance Due Greater Carpenters' Pension Fund 01/27/11 Refund of December Payment The Paxton Herald 06/17/11 Gardens for Sale Advertisement 06/21/11 Gardens for Sale Advertisement 01/04/12 Gardens for Sale Advertisement 01/25/12 Gardens for Sale Advertisement SES Brokeraae Insurance Brokerage Service Incorporated - Insurance Premium - 40.29 Acres Land Near 1973 Baltimore Pike, East Berlin, PA 01/20/11 03/02/11 United Insurance - Insurance Premium 01/27/11 West Shore EMS - Carlisle 12/27/10 Medical Expense 01/27/11 Medical Expense $ 52.14 17.38 17.38 52.14 $ 15.00 50.00 455.76 $ 17,297.20 2,180.30 54.55 139.09 65.00 187.30 $ 163.38 111.02 274.40 FORWARD - 9 - 3,356.35 S 20,653.55 DISBURSEMENTS OF PRINCIPAL (cont'd) FORWARD FEDERAL STATE & LOCAL TAXES Internal Revenue Service Federal Fiduciarv Income Tax 02/06/12 2010 Balance Due Cumberland Countv Register of Wills 02/14/11 Pennsylvania Inheritance Tax Payment $ 30,000.00 08/16/11 Pennsylvania Inheritance Tax - Balance Due 3,137.26 Dover Area School District 08/18/11 School Tax - 40.29 Acres Land Near 1973 Baltimore Pike, East Berlin, PA Federal Withholdinct Tax 03/03/11 On Sale of 20 Shares MetLife Incorporated Jacki L. Thoman Tax Collector - 40 29 Acres Land Near 1973 Baltimore Pike East Berlin, PA 03/24/11 Rental Real Estate Taxes $ 48.96 03/29/12 Rental Real Estate Taxes 47.35 Pennsvlvania Department of Revenue State Fiduciarv Income Tax 02/06/12 2010 Balance Due FORWARD 4,247.00 33,137.26 218.50 257.10 96.31 1,505.00 S 20,653.55 39,461.17 60,114.72 - 10 - DISBURSEMENTS OF PRINCIPAL (cont'd) FORWARD ADMINISTRATION - MISC. EXPENSES Bridaeway Ultra Small Co. Mkt Fd 03/01/11 Short Term Trade Fee Cumberland Countv Register of Wills 12/22/10 Letters Testamentary 08/18/11 Pennsylvania Inheritance Tax Filing Fee 08/19/11 Additional Probate Fee Cumberland Law Journal 12/27/10 Cost of Advertising and Proof of Publication David A. Hoffman - Land Survevina 03/22/11 Survey and Legal Description Costs for 40.29 Acres Land Near 1973 Baltimore Pike, East Berlin, PA 07/07/11 Surveying Property - 40.29 Acres Land Near 1973 Baltimore Pike, East Berlin, PA 06/04/12 Surveying Property - 40.29 Acres Land Near 1973 Baltimore Pike, East Berlin, PA Johnson, Duffie, Stewart & Weidner, P.C. 06/16/11 Recording Cost - Deed - John Bordner FORWARD $ 577.50 15.00 100.00 $ 5,514.50 456.80 175.00 276.33 692.50 75.00 $ 60,114.72 6,146.30 10.00 $ 7,200.13 $ 60,114.72 - 11 - DISBURSEMENTS OF PRINCIPAL (cont'd) FORWARD $ ADMINISTRATION - MISC. EXPENSES (cont'd) Sheaffer Appraisal Service Incorporated 04/08/11 Appraisal Fee - 40.29 Acres Land Near 1973 Baltimore Pike, East Berlin, PA The Sentinel 02/01/11 Cost of Advertising and Proof of Publication SES Brokeraae Insurance Brokeraae Service Incorporated - Insurance Premium - 40.29 Acres Land Near 1973 Baltimore Pike, East Berlin, PA 02/16/12 Wells Fargo Advisors 02/02/11 Estate Valuation Waggoner, Frutiger & Daub LLP 02/07/12 Accountant Expense RESERVES: Manufacturers and Traders Trust Company - Executor Fee $ 28,648.58 Johnson, Duffie, Stewart & Weidner P.C. - Attorney Fee - Balance Due 9,505.00 Cumberland County Register of Wills - Filing Fee 1,000.00 7,200.13 $ 60,114.72 325.00 187.54 40.78 25.00 625.00 FORWARD $ 39,153.58 $ 8,403.45 $ 60,114.72 - 12 - DISBURSEMENTS OF PRINCIPAL (oont'd) FORWARD $ 39,153.58 $ 8,403.45 $ 60,114.72 ADMINISTRATION - MISC. EXPENSES (cont'd) RESERVES: (cont'd) Monte L. Bordner - Services Rendered to Louetta E. Bordner and Assistance With Estate Administration as per Agreement with John J, and Bradford E. Bordner TOTAL DISBURSEMENTS OF PRINCIPAL 28.648.58 67,802.16 76,205.61 $ 136,320.33 - 13 - DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES 01/31/11 01/31/11 John J. Bordner Trust under Agreement Trust B - Distribution $ 450.95 Louetta E. Bordner Trust under Agreement - Distribution 520.23 TOTAL DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES $ 971.18 - 14 - PRINCIPAL BALANCE ON HAND FIDUCIARY VALUE AT ACQUISITION 06/15/2012 VALUE Real Estate 40.29 Acres Land Near 1973 Baltimore Pike, East Berlin, PA Deed Book 73F, Page 86 CASH (AUTOMATICALLY INVESTED) TOTAL PRINCIPAL BALANCE ON HAND $ 204,000.00 $ 204,000.00 $ 499,556.17 204,000.00 204,000.00 499,556.17 $ 703,556.17 $ 703,556.17 THE ABOVE CASH IS CURRENTLY INVESTED IN Wilmington Prime Money Market Fund Select Shs - 15 - PRINCIPAL INVESTMENTS MADE 02/24/11 59,717.699 Shs. Federated Ultra Short Bd-Ins S 550,000.00 TOTAL PRINCIPAL INVESTMENTS MADE $ 550,000.00 - 16 - CHANGES IN PRINCIPAL HOLDINGS 40.29 Acres Land Near 1973 Baltimore Pike, East Berlin, PA Deed Book 73F, Paae 86 0 Inventoried Alpine Intl Real Estate Eauity Fund 605.918 Shs. Inventoried 03/07/11 605.918 Shs. Sold 0.0 Shs. --------------------- --------------------- Bridaewav Ultra Small Co. Mkt Fd 915.01 Shs. Inventoried 02/24/11 915.01 Shs. Sold 0.00 Shs. --------------------- Federated Total Return Bond Fund 3,330.162 Shs. Inventoried 11/24/10 2.079 Shs. Additional Shares Received 3,332.241 Shs. 05/25/11 3,332.241 Shs. Sold 0.0 Shs. --------------------- --------------------- ACCOUNT VALUE $ 204,000.00 ------------------ ------------------ $ 15,166.13 -15,166.13 $ 0.00 ------------------ ------------------ $ 12,352.69 -12,352.64 $ 0.00 $ 37,797.39 0.00 $ 37,797.34 -37,797.34 $ 0.00 ------------------ ------------------ - 17 - CHANGES IN PRINCIPAL HOLDINGS (oont'd) Federated Ultra Short Bd-Ins 02/24/11 59,717.699 Shs. Purchased 03/22/11 1,084.598 Shs. Sold 58,633.101 Shs. 06/07/12 58.633.101 Shs. Sold 0.0 Shs. Harbor International Fund #11 889.617 Shs. Inventoried 02/24/11 889.617 Shs. Sold 0.0 Shs. Loomis Savles Small Cap Value Fund I 711.561 Shs. Inventoried 02/24/11 711.561 Shs. Sold 0.0 Shs. MetLife Incorporated 20 Shs. Inventoried 03/03/11 20 Shs. Sold 0 Shs. ACCOUNT VALUE $ 550,000.00 -9,989.15 $ 540,010.85 -540,010.85 $ 0.00 S 51,250.84 -51,250.89 $ 0.00 $ 17,262.47 _ -17,262.47 $ 0.00 $ 761.20 -761.20 $ 0.00 - 18 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) MTB Large Cap Growth-Inst I Fund #299 5,075.242 Shs. Inventoried 02/24/11 5,075.242 Shs. Sold 0.0 Shs. MTB Large Cap Value-Inst I Fund #327 :1,612.744 Shs. Inventoried 02/24/11 1,612.744 Shs. Sold 0.0 Shs. --------------------- --------------------- MTB Mid Cap Growth-Inst I Fund #401 2,508.523 Shs. Inventoried 02/29/11 '2,508.523 Shs. Sold 0.0 Shs. --------------------- --------------------- MTB Small Cap Growth-Inst I Fund #555 897.879 Shs. Inventoried 02/24/11 897.879 Shs. Sold 0.0 Shs. ACCOUNT VALUE S 41,160.21 -41,160.21 $ 0.00 $ 15,740.38 -15,740.38 S 0.00 S 33,890.15 -33,890.15 S 0.00 $ 13,459.21 -13.459.21 $ 0.00 - 19 - CHANGES IN PRINCIPAL HOLDINGS (oont'd) MTB US Government Bond Inst I Fund #822 14,348.776 Shs. Inventoried 02/24/11 14,348.776 Shs. Sold 0.0 ---------------- Shs. ----- --------------------- T. Rowe Price Inst L /C Growth :1,591.09 Shs. Inventoried 02/24/11 1,591.09 Shs. Sold 0.00 ---------------- Shs. ----- VanQUard Institutional Index Fund #94 1,360 Shs. Inventoried 02/24/11 1,360 Shs. Sold 0 Shs. Vanguard Value Index Fd Signal #1346 1.,052.881 Shs. Inventoried 02/24/11 1,052.881 Shs. Sold 0.0 Shs. ACCOUNT VALUE S 142,196.37 -142.196.37 $ 0.00 ------------------ ------------------ $ 24,757.36 -24.757.36 S 0.00 $ 197,288.00 -147,288.00 $ 0.00 $ 21,278.73 -21.278.73 $ 0.00 - 20 - RECEIPTS OF INCOI~ Federated Total Return Bond Fund 02/01/11 Dividend 3,332.241 Shs. 03/01/11 Dividend 3,332.241 Shs. 04/01/11 Dividend 3,332.241 Shs. 05/02/11 Dividend 3,332.241 Shs. 06/01/11 Dividend 3,332.241 Shs. Federated Ultra Short Bd-Ins 03/01/11 Dividend 59,717.699 Shs. 04/01/11 Dividend 58,633.101 Shs. 05/02/11 Dividend 58,633.101 Shs. 06/01/11 Dividend 58,633.101 Shs. 07/01/11 Dividend 58,633.101 Shs. 08/01/11 Dividend 58,633.101 Shs. 09/01/11 Dividend 58,633.101 Shs. 10/03/11 Dividend 58,633.101 Shs. 11/O1/11 Dividend 58,633.101 Shs. 12/01/11 Dividend 58,633.101 Shs. 01/03/12 Dividend 58,633.101 Shs. 02/01/12 Dividend 58,633.101 Shs. 03/02/12 Dividend 58,633.101 Shs. 04/03/12 Dividend 58,633.101 Shs. 05/01/12 Dividend 58,633.101 Shs. 06/01/12 Dividend 58,633.101 Shs. M&T Bank Checking Account #16609899 01/27/11 Interest Members 1st Credit Union Account X197755-00 01/27/11 Interest MetLife Incorporated 11/23/10 Accrued Dividend 11/29/10 Dividend 20 Shs. MTB Monev Market Fund Select Shs 02/01/12 Interest 03/01/12 Interest 04/02/12 Interest FORWARD $ 121.59 128.84 130.64 136.92 107.55 $ S 135.16 806.59 866.24 903.24 953.54 992.59 991.92 671.75 889.50 917.90 1,663.20 831.32 739.33 715.77 714.52 714.83 $ -14.80 14.80 S 0.39 1.22 0.51 625.54 13,506.90 .13 02 00 2.12 14,134.71 - 21 - RECEIPTS OF INCOME (oont'd) FORWARD $ 14,134.71 MTB Monev Market-Inst I Fund #420 01/03/11 Interest $ 0.05 02/01/11 Interest 0.31 03/01/11 Interest 0.13 04/01/11 Interest 0.20 05/02/11 Interest 0.55 06/01/11 Interest O.4q 07/01/11 Interest 0.90 OS/O1/11 Interest 0.68 09/01/11 Interest 0.79 10/03/11 Interest O,gg 11/O1/11 Interest O,g2 12/01/11 Interest 1.10 01/03/12 Interest 1.23 01/03/12 Rate Adjustment for December 2011 0.01 01/25/12 Rate Adjustment for December 2011 0.88 9.07 MTB US Government Bond Inst I Fund #822 02/01/11 Dividend 14,348.776 Shs. $ 376.16 03/01/11 Dividend 14,348.776 Shs. 314.92 691.08 Received from Elvin Z. and Ruth Ann Rohrer - Rental Income - 40.29 Acres Land Near 1973 Baltimore Pike. East Berlin, PA 03/21/11 $ 850.00 03/27/12 850.00 1,700.00 Received from Louetta E. Bordner Trust under Agreement 01/04/11 Interest and Dividends Earned After Date of Death $ 3,026.87 02/04/11 Final Income 556.22 3,583.09 Wilmington Prime Monev Market Fund Select Shs 04/02/12 Interest $ 1.00 05/01/12 Interest 1.51 06/01/12 Interest 1.55 4.06 TOTAL RECEIPTS OF INCOME $ 20,122.01 - 22 - DISBURSEMENTS OF INCOME Manufacturers and Traders Trust Companv - Commission 02/15/11 03/15/11 04/15/11 05/16/11 06/15/11 07/15/11 08/15/11 09/15/11 10/17/11 11/15/11 12/15/11 01/17/12 02/15/12 03/15/12 09/16/12 05/15/12 06/15/12 TOTAL DISBURSEMENTS OF INCOME $ 29.89 34.75 107.26 60.22 60.67 57.26 59.60 59.57 40.37 53.43 55.11 99.87 49.95 49.99 94.04 42.96 42.99 $ 992.38 $ 992.38 -------------- -------------- - 23 - INCOME BALANCE ON HAND FIDUCIARY VALUE AT ACQUISITION 06/15/2012 VALUE CASH (AUTOMATICALLY INVESTED) $ 19,129.63 $ 19,129.63 TOTAL INCOME BALANCE ON HAND $ 19,129.63 $ 19,129.63 THE ABOVE CASH IS CURRENTLY INVESTED IN Wilmington Prime Money Market Fund Select Shs - 24 - PROPOSED PRINCIPAL DISTRIBUTION SCHEDULE Market Value Fiduciary as of Acquisition 06/15/201.2 Value Manufacturers and Traders Trust Company and Monte L. Bordner, Co-Trustees under Agreement Entire Residue as per Article III of the Will 40.29 Acres Land Near 1973 Baltimore Pike, East Berlin, PA Deed Book 73 F, Page 86 Principal Cash TOTAL THE ABOVE CASH IS CURRENTLY INVESTED [N Wilmington Prime Money Market Fund Select Shs. $ 204,000.00 $ 204,000.00 499,556.17 499,556.17 $ 703,556.17 $ 703,556.17 $ 703.556.17 ~ 703 556.17 - 25 - PROPOSED INCOME DISTRIBUTION SCHEDULE Market Value Fiduciary as of Acquisition 06/15/2012 Value Manufacturers and Traders Trust Company and Monte L. Bordner, Co-Trustees under Agreement Entire Residue as per Article III of the Will Income Cash $ 19,129.63 $ 19,129.63 $ 19,129.63 $ 19,129.63 TOTAL x_19.129.63 ~ 19.129.63 THE ABOVE CASH IS CURRENTLY INVESTED IN Wilmington Prime Money Market Fund Select Shs. Manufacturers and Traders Trust Company 'sV~2 Q. • By es A. Smiley, Assistant Vice Pr i nt Co-Executor of the Estate of Louetta E. Bordner, Deceased and BY ~'li.r-ri~~~ ~~~ Monte L. Bordner Co-Executor of the Estate of Louetta E. Bordner, Deceased - 26 - VERIFICATION Manufacturers and Traders Trust Company and Monte L. Bordner, Co-Executors of the Will of LOUETTA E. BORDNER, deceased, hereby declare under oath that they have fully and faithfully discharged the duties of their offices; 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 their 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. This statement is made subject to penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. ~• M facturers and Traders T ust Company Dated: ~ ZGj~ - 27 - VERIFICATION (oont'd) Manufacturers and Traders Trust Company and Monte L. Bordner, Co-Executors of the Will of LOUETTA E. BORDNER, deceased, hereby declare under oath that they have fully and faithfully discharged the duties of their offices; 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 their 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. This statement is made subject to penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. Monte L. Bordner ~ Dated: - 28 -