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Home My WebLink About04-08-13 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION FILE NO. 21-2010-1134 FIRST AND INTERMEDIATE ACCOUNT OF ARPAD K. SIPOS, EXECUTOR FOR ESTATE OF BETTY J. SIPOS C> -. C' ..1 t Date of Death: October 7, 2010 Date of Executor's Appointment: November 15, 2010 Date of First Complete Advertisement: December 3, 2010 Accounting for period: November 15, 2010 to December 31, 2012 Ryan R. Gager, Esquire Saul Ewing LLP 2 North Second Street, 7th Floor Harrisburg, PA 17101 717-257-7524 I.D. No. 93990 SUMMARY OF ACCOUNT PRINCIPAL PAGE TOTALS Receipts 3 $459,569.16 Net Gain/Loss of Sales or Disposition _ 4 ($20,000.00 $439,569.16 Less Disbursements: _ Debts of Decedent 5 $3,517.26 Funeral Expenses 5 $10,760.95 Administration Expenses 5 $950.66 Inheritance Tax 5 $9,880.99 Fees and Commissions 5 $21,193.77 ($46,303.63 Balance before Distributions $393,265.53 Distributions to Beneficiaries 6 ($250.00 Principal 7 $393,015.53 For Information: Changes in Holdings 8 $1,425.00 ($1,425.00 Estimate of Unpaid Expenses 9 $313,223.79 ($313,223.79 $314,648.79 Net $140,433.60 INCOME Receipts 10 $51,100.00 Less Disbursements 11 $51,100.00 Distributions to Beneficiaries 12 -0- -0- ESTIMATED COMBINED BALANCE ON HAND AS OF $394,033.30 12/31/12 -2- PRINCIPAL RECEIPTS Assets Listed in Inventory (Valued as of Date of Death) Real Estate 125 Sholly Drive, Mechanicsburg, PA $199,000.00 2121 Old Hollow Road, Mechanicsburg, PA $195,000.00 Cash Claim from Accident $42,884.16 Security Deposits of Tenants $2,435.00 Personal Effects Jewelry $20,000.00 Grandfather Clock $150.00 Lowrey Organ $100.00 Total Principal Receipts $459,569.16 -3- Principal Gains or Losses of Assets Jewelry—Removed from house by family member Inventoried at $20,000.00 Liquidated at -0- ($20,000.00) Net Loss ($20,000.00) -4- PAID DISBURSEMENTS Debts of Decedent: Medicare Claim $3,517.26 Funeral Expenses: Arpad Sipos — Funeral $8,756.53 _ Arpad Sipos —Cemetery $975.00 _ Arpad Sipos—Luncheon $879.42 Arpad Sipos—Minister $150.00 $10,760.95 Administration Expenses: Arpad Sipos—Probate $493.50 _ Arpad Sipos—Advertise Grant of Letters $300.05 Arpad Sipos—Federal Express, additional probate fee; copies, etc. $157.11 $950.66 Taxes: Arpad Sipos—Inheritance Tax Payment $9,880.99 Fees and Commissions: John Krafsi , Esquire $13,192.27 Saul Ewing, LLP $8,001.50 $21,193.77 Total Disbursements $46,303.63 -5- DISTRIBUTION TO BENEFICIARIES David S. Heckard, III Grandfather Clock $150.00 Jordan Heckard Lowrey Organ $100.00 Total Distributions of Principal to Beneficiaries $250.00 -6- Assets on Hand DATE OF DEATH VALUE VALUE AS OF ACCOUNTING Real Estate: 125 Sholly Drive, $199,000.00 $199,000.0() Mechanicsburg, PA 2121 Old Hollow Road, $195,000.00 $195,000.00 Mechanicsburg, PA Rental Property: Security Deposit $2,435.00 $1,010.00 Estate Checking Account -0- $23.30 Total Balance on Hand $395,033.30 -7- Changes in Holdings Account Value Rental Property Security Deposits: Inventoried at $2, 435.00 Reduced by Security Deposit Returned ($1,425000) $1,010.00 -8- ESTIMATED UNPAID EXPENSES Saul Ewing, LLP Estimated Legal Fees $7,400.00 Ar ad Si os Executor Commission $25,000.00 Ar ad Si os Reimburse Rehab A is See Exhibit#2 $125,300.00 Heckard Construction Co. Unpaid expenses as of end of 2012 (See Charts) $62,066.86 Date of Death to December 2010 - $789.18 January 2011 to December 2011 - $31,053.70 Janua 2012 to December 2012 - $30,223.98 Ar ad Si os Reimburse for Escrow Deposit _$2,435.00 Mechanicsburg School Dist. School Taxes $3,042.00 Ar ad Si os Reimburse for payment to Saul Ewing $8,001.50 Ar ad Si os Reimburse for payment to John Krafsi , Es q. $13,192.27 Ar ad Si os Reimburse for accident claim proceeds $42,884.16 Total Estimated Unpaid $313,223.79 Expenses -9- Receipt of Income Rental Property: 2121 Old Hollow Road, Mechanicsburg, PA Date of Death to December 31, 2010 $2,850.00 Calendar Year 2011 $25,890.00 Calendar Year 2012 $22,360.00 Total Receipt of Income $51,100.00 -10- Disbursements of Income Rental Property: Ex eases Paid Arpad Sipos—Reimbursement of Out of Pocket Expenses Paid to Preserve Real Estate See Attached Charts Date of Death to December 2010 $12,934.99 Ar ad Si os—November 2010 Insurance $1,440.00 Ar ad Si os—November 2011 Insurance $1,440.00 Ar ad Si os—November 2012 Insurance $1,571.50 Ar ad Si os—March 2011 Taxes $750.17 Ar ad Si os—March 2012 Taxes $772.28 Ar ad Si os—November 2010 Taxes $2,683.04 Ar ad Si os—November 2011 Taxes $2,683.04 Ar ad Si os—November 2012 Taxes $2,683.04 Ar ad Si os—Family Exemption $3,500.00 Ar ad Si os—Reimburse Funeral Expenses $10,760.95 Ar ad Si os —Reimburse Inheritance Tax $9,880.95 Total $51,100.00 -1 l- Distribution of Income to Beneficiaries None -12- Verification Arpad K. Sipos, Executor of the Last Will and Testament of Betty J. Sipos, Deceased, hereby declares under oath that he has fully and faithfully discharged the duties of his office; that the foregoing First and Intermediate 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 as of the accounting period set forth herein; that, to his knowledge, there are no claims outstanding against the Estate as of the date of the accounting period set forth herein; 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 this Account. This statement is made subject to penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. Arpad K. Sipos, Executor Dated: A -13- 1921 12.4 04/03/2013 EXIBIT #2 REHAB 2121 OLD HOLLOR RD MECH.PA.1705 5 "CONTINUATION IN PART" FROM JUN 1992 TO OCT 7,20 10 #LREMOVED OVERGROWN TREES(23),BRUSHES $12,000.00 #2 GRADE ,RELOCATE TOOL SHED,BACKFILL,PROVIDE SECOND DRIVEWAY ENTREE,PARKING LOT,STONE $17,000.00 #3.DEMOLISH ALL INTERIOR PLUMBIN(�ELECT, ROTTEN DOORS,WALLS AND FLOORS. $149000.00 #4.FRAME TO APARTMENTS.DOORS ETC. $159000.00 #5.REPLACE SEPTIC TANK AND DRAIN S. $ 7.000.00 #6.REWIRE,RE PLUMB,6 NEW ELECT.SERVICES ELECTRIC HEAT,SMOKE DETECTORS,MDIA. $19,000.00 #7.INSTALL NEW PLUMBING AND FIXTURES $129000.00 #8.INSULATION S3,000.00 #9.DRYWALL $ 5,000.00 #I O.PAINT INTERIOR $2,500.00 #I LNEW CARPET AND FLOORS $41,000.00 #12.REPAIR OUTSIDE SIDINQPAINT $4,700.00 #13 5 NEW STOVES $29000.00 #14 5 NEW HOT WATER HEATER $1800.00 REPLACE FLAT ROOF AND REPAIR OTHERS $4,000.00 #15 REPLACE WATER TANK AND PIPES $2,300.00 ---------------------------------------------------------------------------------- TOTAL $1259300.00 PLUS INTEREST N N N N N N N N r r r r r r N r f+ r W O V 01 In A W N r V O� to A W N r O t0 00 V 01 A W N f+ O 0 0 n rV1 A W N r rD„ tr A W N 4+ D In A W N ►+ D to N in i/�Vf N N in iA to iA Vt to V1 Vs Vy N to W lAp V V lAD tAD V W1 V V V M P. 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SIPOS ESTATE APARTMENTS UNIT INCOME October Management $ 354.40 Trash $ 85.01 Concrete $ 375.00 Plumbing(#3) $ 375.00 PPL $ 22.76 Stone Repair $ 275.00 Exterminator $ 85.00 Cleanup $ 300.00 TOTAL $ 1,872.17 November Management $ 471.00 Trash $ 85.01 Tree Removal $ 875.00 Insurance $ 1,440.00 PPL $ 17.69 Exterminator $ 95.00 Re Hab#3 $ 1,500.00 Re Hab#4 $ 1,500.00 Plumbing $ 1,973.00 Roofing $ 1,670.00 TOTAL $ 9,626.70 December Management $ 471.00 Trash $ 85.01 Paint $ 500.00 PPL $ 18.27 Snow $ 250.00 Adv. $ 121.76 Adv. $ 121.76 Stove(#5) $ 472.50 Exterminator $ 95.00 Ice Removal $ 90.00 TOTAL $ 2,225.30 B.J. SIPOS ESTATE APARTMENTS UNIT INCOME January Management $ 471.00 PPL $ 24.38 Waste Management $ 54.38 Snow Removal $ 250.00 Snow Removal $ 250.00 Exterminator $ 103.75 Plumbing $ 273.00 Electrical $ 85.00 Repairs $ 35.00 TOTAL $ 1,546.51 February Management $ 471.00 Trash Removal $ 85.01 Road Repairs $ 250.00 Exterminator $ 100.00 Snow Removal $ 250.00 Snow Removal $ 250.00 PPL $ 14.50 TOTAL $ 949.51 March Management $ 471.00 Waste Management $ 106.76 PPL $ 19.72 Tax $ 750.17 Road Repair $ 1,200.00 Exterminator $ 100.00 Repairs $ 175.00 Grass Cutting $ 250.00 Plumbing $ 75.00 TOTAL $ 3,147.65 April Management $ 471.00 Waste Management $ 106.76 Plumbing $ 75.00 Electrical $ 75.00 Grass Cutting $ 150.00 Exterminator $ 100.00 Repairs Doors $ 146.00 Grass Cutting $ 250.00 PPL $ 19.30 TOTAL $ 1,393.06 B.J.SIPOS ESTATE APARTMENTS UNIT INCOME May Management $ 471.00 Waste Management $ 106.26 Grass Cutting $ 250.00 Grass Cutting $ 250.00 Grass Cutting $ 250.00 Plumbing $ 175.00 PPL $ 24.73 Exterminator $ 100.00 TOTAL $ 1,626.99 June Management $ 471.00 Trash $ 53.38 Grass Cutting $ 250.00 Grass Cutting $ 250.00 Exterminator $ 100.00 Tree Cutting $ 375.00 Rehab#1 $ 1,370.00 PPL $ 24.43 TOTAL $ 2,893.81 July Management $ 471.00 Trash $ 53.38 Grass Cutting $ 250.00 Exterminator $ 100.00 PPL $ 20.34 Grass Cutting $ 250.00 Repairs 32 $ 1,193.00 Grass Cutting $ 250.00 TOTAL $ 2,587.72 August Management $ 471.00 Trash $ 52.36 Grass Cutting $ 250.00 PPL $ 24.36 U.A. Sewer Permit $ 30.00 Exterminator $ 100.00 Road Repair $ 1,100.00 Grass Cutting $ 250.00 Septic Tank $ 400.00 Electrical $ 199.00 Storm Repairs $ 1,200.00 TOTAL $ 4,076.72 B.J.SIPOS ESTATE APARTMENTS UNIT INCOME September Management $ 471.00 Trash $ 52.36 Electrical $ 19.49 Pest Control $ 100.00 Grass Cutting $ 250.00 Grass Cutting $ 250.00 Advertisement $ 74.04 Flood#2 $ 795.00 Waterproof Wall $ 700.00 Replace Locks $ 165.00 Weed Cut and Spr $ 375.00 Storm Damage $ 275.00 TOTAL $ 3,526.89 October Management $ 487.00 Grass Cutting $ 250.00 Road Repair $ 300.00 Exterminator $ 100.00 Electrical $ 59.00 Well P.S.W. $ 475.00 Plumbing $ 143.00 Electrical $ 73.50 Advertising $ 74.04 Plumbing Drain $ 165.00 Grass Cutting $ 250.00 Repairs $ 175.00 Plumbing $ 233.00 Trash $ 52.36 Electrical $ 19.71 Advertisement $ 80.91 Snow $ 250.00 TOTAL $ 3,187.52 November Management $ 487.00 Insurance $ 1,440.00 Exterminator $ 100.00 Waste Management $ 54.39 Replace Step $ 795.00 Road Repair $ 300.00 PPL $ 20.05 Install Rails $ 324.00 Refund Sec Deposit $ 568.50 TOTAL $ 4,088.94 B.J.SIPOS ESTATE APARTMENT 5 UNIT INCOME December Management $ 487.00 Exterminator $ 100.00 Electrical $ 23.10 Trash $ 54.43 Clear/Clean up $ 900.00 Weather Proof/Plumbing $ 672.50 TOTAL $ 2,237.43 B.J.SIPOS ESTATE APARTMENTS UNIT INCOME January Management $ 487.00 Road Repair $ 500.00 Exterminator $ 100.00 Electrical $ 18.95 Salt $ 280.00 New Door#5 L&M $ 647.00 Clear&Clean $ 900.00 Trash $ 54.83 Snow $ 250.00 TOTAL $ 3,237.78 February Management $ 487.00 Clean/Paint Apt L&M $ 375.00 Road Repair $ 550.00 Exterminator $ 100.00 Electrical $ 18.95 Clear&Clean $ 900.00 Damage Door L&M $ 293.00 Repairs L&M $ 275.00 Trash $ 54.44 TOTAL $ 3,053.39 March Management $ 487.00 Replace Refrig $ 552.14 Road Repair $ 350.00 Exterminator $ 107.90 Electrical $ 18.07 Trash $ 55.39 Clear&Clean $ 600.00 Taxes $ 772.58 TOTAL $ 2,943.08 April Management $ 487.00 Grass Cutting $ 750.00 Road Repair $ 350.00 Exterminator $ 100.00 Electrical $ 17.92 Clear&Clean $ 250.00 Repair Screens $ 50.00 Advertisement $ 128.28 Advertisement $ 128.28 Replace Toilet $ 371.00 Relocate Shed $ 500.00 TOTAL $ 3,132.48 B.J. SIPOS ESTATE APARTMENT 5 UNIT INCOME May Management $ 531.00 Grass Cutting $ 750.00 Concrete Wall Rep. $ 500.00 Exterminator $ 100.00 Electrical $ 17.72 Trash $ 58.33 Advertisement $ 128.28 TOTAL $ 2,085.33 June Management $ 531.00 Pest Control $ 100.00 Grass Cutting $ 750.00 Electrical $ 18.62 Road Repair&Conc $ 750.00 Trash $ 58.72 TOTAL $ 2,208.34 July Management $ 531.00 Grass Cutting $ 500.00 Storm Repairs $ 500.00 Exterminator $ 100.00 Electrical $ 18.32 Trash $ 58.71 Replace Door L&M $ 275.00 Gutter Repairs $ 100.00 TOTAL $ 2,083.03 August Management $ 531.00 Grass Cutting $ 500.00 Trash $ 58.71 Electrical $ 18.62 Road Repairs $ 500.00 Pest Control $ 100.00 TOTAL $ 1,708.33 September Management $ 531.00 Grass Cutting $ 500.00 Paint Apartment $ 400.00 Carpet Cleaning $ 150.00 Waste Management $ 59.44 PPL $ 19.05 Road Repairs $ 400.00 Mold Treatment $ 375.00 Pest Control $ 100.00 TOTAL $ 2,534.49 B.J. SIPOS ESTATE APARTMENTS UNIT INCOME October Management $ 531.00 Grass Cutting $ 500.00 Paint Apartment $ 400.00 Carpet Cleaning $ 200.00 Waste Management $ 59.97 PPL $ 20.34 Road Repairs $ 400.00 Adv "For Rent" $ 128.28 Plumbing Repair $ 487.00 Pest Control $ 100.00 TOTAL $ 2,826.59 November Management $ 531.00 Repaint Apartment $ 500.00 Waste Management $ 59.97 PPL $ 19.07 Black Mold Treatmt $ 500.00 Replace Fan $ 149.97 Road Repairs $ 400.00 Insurance $ 1,571.50 Pest Control $ 100.00 TOTAL $ 3,831.51 December Management $ 531.00 Snow Removal $ 250.00 Waste Management $ 59.37 Road Repairs $ 200.00 Repairs to Apartment $ 750.00 Plumbing Repair $ 375.00 Remove/Replace Sink $ 875.00 PPL $ 19.30 Pest Control $ 100.00 TOTAL $ 3,159.67 October $1,872.17 -$1,872.17 November $1,425.00 $9,626.70 -$8,201.70 December $1,425.00 $2,225.30 -$800.30 7 M January $2,375.00 $1,535.36 $839.64 February $2,375.00 $949.51 $1,425.49 March $2,375.00 $3,147.65 -$772.65 April $2,375.00 $1,393.06 $981.94 May $2,375.00 $1,626.99 $748.01 June $2,375.00 $2,893.81 -$518.81 July $1,445.00 $2,587.72 -$1,142.72 August $1,445.00 $4,076.72 -$2,631.72 September $1,445.00 $3,526.89 -$2,081.89 October $2,435.00 $3,187.52 -$752.52 November $2,435.00 $42088.94 -$1,653.94 December $2,435.00 $2,237.43 $197.57 January $2,435.00 $3,237.78 $802.78 February $1,960.00 $3,053.39 -$1,093.39 March $1,960.00 $2,943.08 -$983.08 April $2,060.00 $3,132.48 -$1,072.48 May $2,595.00 $2,085.33 $509.67 June $2,060.00 $2,208.44 -$148.44 July $2,060.00 $2,083.06 -$23.06 August $2,060.00 $1,708.33 $351.67 September $1,565.00 $2,534.49 -$969.49 October $1,565.00 $2,826.59 -$1,261.59 November $1,020.00 $3,831.51 -$2,811.51 December $1,020.00 $3,159.67 -$2,139.67 Left Od n• 1613 January $1,020.00 February March April May June Jul Au ust Se tember October November December