HomeMy WebLinkAbout07-23-13 (2) REGISTER OF WILLS OF CUMBERLAND COUNTY,PENNS�ItI�ANIA�---� - .���
ORPHANS' COURT DIVISION �'" : _ :. ��
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Estate of GRACE S. STUART . � c J
deceased, : No. 2011-01066 =- w ; .
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Late of Camp Hill Borough : • - ,�._� �'
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RECEIPT AND RELEASE ui �
The undersigned,ANN ELIZABETH STUART,legatee under the Will of Grace S. Stuart,
deceased, hereby:
l. Acknowledges receipt of prior partial distributions of $377,782.31, and a final
distribution of$228,062.00 from the Estate and Trust of Grace S. Stuart,adjusted for advancement
to James Allan Stuart, III, all as set forth on Exhibit A(consisting of 2 pages)to this Receipt and
Release (consisting of 2 pages, including the Acknowledgment) and initialed by me.
2. Releases, remises, quitclaims and discharges James Allan Stuart, III and Ann
Elizabeth Stuart,as Co-Executors/Trustees of the estate and trust of Grace S. Stuart,deceased,and
Goldberg Katzman, P.C., Counsel for the Estate and Trust, and their heirs and personal
representatives,successors and assigns from all claims,liabilities,suits and causes of actions arising
out of or concerning the administration of the above-referenced decedent's estate.
3. Agrees that this Receipt and Release shall be binding upon her, her successors and
assigns and may be recorded in the discretion of Counsel for the Estate and Trust.
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IN WITNESS WHEREOF, I have hereunto set my hand and seal this �day of
, 2013.
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' ANN LIZABETH STUART
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Grace S.Stuart Estate
Schedule of Distributions to Heirs
Balance of Merrill Lynch Account No.XXX-XX125 as of 6/28/13 $307,173.17
less outstanding checks:
Check# Payee Amount
270 Goldberg Katzman, PC $5,834.26
269 Jerry Sweeten 92.22
271 Harrisburg Cemetery Assoc. 122.70 ($6,049.18)
Balance in Merrill Lynch Account, net outstanding checks, before distributions $301,123.99
Advancement to James A.Stuart, III of 3507 N. Front St.,Susquehanna Twp., PA 155,000.00
Total estate $456,123.99
Divided by 2 heirs 2
Equal shares $228,062.00
Less advancement given to James Allan Stuart, III ($155,000.00)
Balance due James Allan Stuart, III $73,062.00
Amount due Ann E.Stuart:
Balance in Merrill Lynch Account $301,123.99
Amouni due James A.Stuart ($73,062.00)
Ann E.Stuart's equal share $228,062.00
Balance due James Allan Stuart, III $73,062.00
Balance in Merrill Lynch Account, net outstanding checks, before distributions $301,123.99
1996 Trust Agreement,Article VII, Paragraph 7.b:
b.Advancement.The Settlor has made a gift of a property known and numbered as 3507 North Front Street,Susquehanna Township,
Dauphin County,Pennsylvania to her son and his wife,ROBIN NEENAN STUART.The property has been appraised at a fair market value
of One Hundred Fifty-Five Thousand Dollars($155,000.00).The fair market value of the property of One Hundred Fifty-Five Thousand
Dollars($155,000.00)is on account of and against whatever may be coming to Settlor's son from her assets by way of inheritance or
under this will or under this Trust.The said sum shall be considered as part of her assets,but shall be deducted from Settlor's son's
combined share of the Settlor's estate(whether rec^'ived by inheritance or under Settlor's will)and Trust assets.The net balance of
the Settlor's son's combined share of the Settlor's estate and Trust Assets shall be calculated as follows:(1)For the purposes of
calculation of the Settlor's son's share only the said sum of One Hundred Fifty-Five Thousand Dollars($155,000.00)shall be added to
Settlor's net combined estate and Trust Assets available for distribution(Gross Amount less expenses and liabilities including taxes),
(2)each beneficiary's share under the Settlor's Will and this Trust shall first be calculated as if Settlor's combined Trust assets and
estate included the said sum,(3)the said sum of One Hundred Fifty-Five Thousand Dollars($155,000.00)shall then be deducted from
Settlor's son's share to the extent his combined share equals or exceeds said sum.
Initials: �
Exhibit A to Heir Release Page 1 of 2 00653789.XLSX
Grace S.Stuart Estate
Schedule of Distributions to Heirs
Prior Distributions from Estate and Trust Account(Post death of Grace Stuart)
Ann E Stuart
10/20/11 First Partial distribution of cash to Ann E.Stuart $25,000.00
10/25/11 Second Partial distribution of cash to Ann E.Stuart 3,000.00
11/3/11 Distribution of stock and other securities to Ann E.Stuart-
One-half of alf securities in Merrill Lynch Account 349,782.31
Total prior distributions to Ann E.Stuart $377,782.31
James Allan Stuart, III
10/25/11 Second Partial distribution of cash to James Allan Stuart, III $25,000.00
11/3/11 Distribution of stock and other securities to lames Allan Stuart, III 3,000.00
10/20/11 First Partial distribution of cash to James Allan Stuart, III-
One-half of all securities in Merrill Lynch Account 349,782.31
Total prior distributions to James Allan Stuart, III $377,782.31
Initials:
Exhibit A to Heir Release � Page 2 of 2 006537 9.XLSX
ACKNOWLEDGEMENT
COMMONWEALTH OF MASSACHUSETTS :
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COUNTY OF BARNSTABLE .
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On this��_day of July, 2013, before me, the undersigned officer, personally appeared
Ann Elizabeth Stuart personally known to me or satisfactorily proven to be the person whose
name is subscribed to the foregoing Final Receipt, Release and Refunding Agreement and
acknowledged that she executed the foregoing instrument for the purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
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Notary Public
[SEAL]
MARCIA DONOVAN
Notary Pu�lic
Canmonwe�llh of Mus�chuselts
My Commtssion Expirea
October 6,2017
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