HomeMy WebLinkAbout01-21-14 (3) RECEIPT AND RELEASE
WHEREAS, Victor E. Malpezzi, late of Upper Allen Township,
County of Cumberland and Commonwealth of Pennsylvania, died on
October 24 , 2011, having first made his Last Will and Testament
in writing probated before the Register of Wills of said
Cumberland County on November 3, 2011, and Letters Testamentary
were issued on the same date to Stephen J. Malpezzi, the Executor
named in the Last Will and Testament of said Decedent;
and
WHEREAS, said Executor has entered upon and completed his
administration of said Decedent ' s Estate as set forth in his
First and Final Account attached hereto, and intends to
distribute the net balance of the assets of said Estate to the
persons named in the Statement of Proposed Distribution also
attached hereto, both of said documents being incorporated herein
by reference thereto; and
NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS, that we
Stephen J. Malpezzi, Michael J. Malpezzi and James A. Malpezzi,
being the principal legatees and distributees named in the Will
of said Decedent and the persons entitled to share in the
residuary distribution of the Estate of said Decede'4t, Ao�—her'eby .
O7 C- G� G7 A :.
declare and say that we, and each of us, ha,�A :Vx,z�miized
attached Account and Statement of Proposed Cgs�,rTbu ion,, 4pd :find
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the same to be true and correct, and in strict accordance with
the terms and provisions of said Will, and we do hereby
acknowledge that we, and each of us, this day have, had and
received of and from Stephen J. Malpezzi, Executor of the Estate
of Victor E. Malpezzi, the cash and/or personalty set opposite
our names in the above mentioned Statement of Proposed
Distribution, in full satisfaction, payment and discharge of all
such sum or sums of money, legacies and bequests, share or
shares, purparts and dividends which were due, owing and payable
and belonging to us, and each of us, by any means whatsoever, for
or on account of our full share, part or dividend of the Estate
of Victor E., Malpezzi, Deceased.
NOW, THEREFORE, we, and each of us, the said Stephen J.
Malpezzi, Michael J. Malpezzi and James A. Malpezzi do by these
presents, remise, release, quit-claim and forever discharge the
said Stephen J. Malpezzi, his heirs, executors and
administrators, of and from our said shares or dividends of the
Estate aforesaid, and of and from all actions, suits, payments,
accounts, reckonings, claims and demands whatsoever, for or by
reason thereof, or of any act, matter, cause or thing whatsoever,
from the beginning of the world to the day and date of these
presents .
AND, desiring to avoid the delay and expense of the
settlement of said Estate by filing the foregoing Account of said
administration in the Office of the Register of Wills of said
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Cumberland County and by having the balance in the hands of the
Executor, as shown by said Account, distributed by the Court of
Common Pleas of Cumberland County - Orphans ' Court Division, we,
and each of us, do hereby agree that the foregoing Account and
Statement of Proposed Distribution concerning the matter of
settlement may be recorded with the same effect upon us, and each
of us, as if the same had been reported upon by said Court, in a
decree of distribution made on such proposed Statement of
Distribution by the said Court of Common Pleas - Orphans ' Court
Division.
AND in consideration of the aforesaid settlement being made
without the aid of such Court of Common Pleas - Orphans ' Court
Division, that we, and each of us, the said Stephen J.. Malpezzi,
Michael J.- Malpezzi and James A. Malpezzi do hereby agree that if
any debts or demands other than those included in the above
referenced First and Final Account, as hereinbefore set forth,
shall be hereafter recovered against the Estate of said Decedent
and be legally payable out of the same, that we, and each of us,
will return to the said Executor such amounts thereof as may be
necessary to pay such debts or demands .
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BRENNEMAN, P.C.
IN WITNESS WHEREOF, we have hereunto set our hands and seals
this J�ok day of J/VU Ay, —"2Oly.
WITNESSED BY:
(SEAL)
Ste en Ma e i
---- ��•����
Mich�Malpezzi (SEAL)
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jig(SEAL)
James A. Mal
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BRENNEMAN, P.C.
STATE OF WISCONSIN )
COUNTY OF SS._ ��„� )
On this the day of t �eA1a� 2013, before me, a
Notary Public in and for said State and County, the undersigned
officer, personally appeared Stephen J. Malpezzi, known to me (or
satisfactorily proven) to be the person whose name is subscribed
to the within instrument and acknowledged that he executed the
same for the purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and official
seal .
Notary Public
PAR. K/V
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BRENNEMAN, P.C.
COMMONWEALTH OF PENNSYLVANIA)
COUNTY OF CUMBERLAND) SS.
On this the day of 201q, before me, a
Notary Public in and for said State and County, the undersigned
officer, personally appeared Michael J. Malpezzi and James A.
Malpezzi, 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 .
Notary Public
COMMONWEALTH OF PENNSVIVM14
Sandra K.S�ers5eal
MechaNaburg 8pro,Cum�and Coonry
MY Commisslon Expires Nov.22,2015
MEMBER,PENNSYLVANiq
SOaATION OF NOTARI
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ESTATE NO.21-11-1181
FIRST AND FINAL ACCOUNT AND STATEMENT OF PROPOSED
DISTRIBUTION OF AND BY STEPHEN J. MALPEZZI, EXECUTOR
OF THE ESTATE AND UNDER THE LAST WILL AND TESTAMENT
OF VICTOR E. MALPEZZI, DECEASED, LATE OF UPPER ALLEN
TOWNSHIP, CUMBERLAND COUNTY, PENNSYLVANIA
Stephen J. Malpezzi, Executor as aforesaid and Accountant herein,
avers as follows:
DATE OF DECEDENT'S DEATH: October 24, 2011
DATE LETTERS TESTAMENTARY ISSUED: November 3,2011
DATES EXECUTRIX NOTICE ADVERTISED:
Cumberland Law Journal November 18, 25, December 2, 2011
The Sentinel November 10, 17, 24, 2011
FIRST AND FINAL ACCOUNT
PERSONALTY-PRINCIPAL ACCOUNT
DEBITS
The Accountant charges himself with the receipt of the following items of
Decedent's Personalty valued as of the date of Decedent's death:
1. U.S. Savings Bond, Series HH Bond with face value of$10,000.00 $ 10,000.00
- jµ{ Y
2. M&T Bank, IRA account No. 35004201749552 2,850.00
3: M&T Bank, IRA account No. 35004201749560 6,640.26
4, PNC Bank, N.A., checking account No. 5112028617 36,246.45
5. PNC Bank, N.A., certificate of deposit No. 11020046510 50,00171
6. PNC Bank, N.A.,certificate of deposit No. 11020046509 50,001.71
7. PNC Bank, N.A., certificate of deposit No. 11020046507 50,001.71
8. U.S. Treasury, civil service 397.00
9. U.S. Treasury, social security benefit 1,569.00
% Malpezzi Funeral Home, refund on funeral services 1,400.00
11. Verizon, refund on phone service 4.32
12. PA Department of Revenue, Inheritance Tax Refund 1,059.89
13. USDA-NFC Health Benefits, refund insurance premiums 3,530.10
14. U.S. Treasury, refund due estate on Final Fiduciary Income Taxes ending 9/30/13 1.00
TOTAL, PERSONALTY, PRINCIPAL ACCOUNT, DEBITS: $ 213,703.15
PERSONALTY-PRINCIPAL ACCOUNT
CREDITS
The Accountant claims credit for the payment of the following items from
Decedent's Personalty Account:
1, Central Medical Equipment Co., medical expense $ 30.00
2. Alert Pharmacy, prescriptions 316.27
LAW OFMCES 3. Verizon, phone service 155.35
SNELBAKER& 4. USDA-NFC Health Benefits, insurance premiums 3,71728
BRENNEMAN. P.C. 5. U.S. Treasury, reverse social security benefit 1,569.00
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6. Home Instead Senior Care, in-home nursing care 3,107.13
7. B. Monica Malpezzi, reimbursement for personal items purchased for decedent 97.00
8. Messiah Village, nursing home care 14,238.15
9. Elizabeth Maye Malpezzi, note payable 86.00
10, Malpezzi Funeral Home, funeral services 12,743.45
11. Register of Wills, Agent, estimated Inheritance Tax 8,500.00
12. Register of Wills, filing fee for Inheritance Tax Return 15.00
13. Register of Wills, additional probate fee 220.00
14. Snelbaker& Brenneman, P.C., attorney fees 2,543.75
15. Snelbaker&Brenneman, P.C., costs advanced as follows: 486.04
a. Register of Wills, probate fees 153.50
b. The Sentinel, advertising Executor's Notice 221.40
c. Cumberland Law Journal, advertising Executor's Notice 75.00
d. FedEx, overnight mailing costs 36.14
16. Register of Wills, filing fee for Receipt& Release with Accounting and 20.00
Inventory
TOTAL, PERSONALTY, PRINCIPAL ACCOUNT,CREDITS: $ 47,844.42
PERSONALTY-INCOME ACCOUNT
DEBITS
The Accountant charges himself with the receipt of the following
income from the investment of Personalty Principal:
1. M&T Bank, IRA accounts, interest $ 5.86
2. Federal Reserve Bank, bond interest 1,000.00
3, PNC Bank, N.A.,certificates of deposit, interest 214.56
4. PNC Bank, N.A., estate account, interest 4.18
TOTAL, PERSONALTY,INCOME ACCOUNT, DEBITS: $ 1,224.60
PERSONALTY-INCOME ACCOUNT
CREDITS
The Accountant claims credit for the payment of the following items
from the Personalty Principal Account:
1. United States Treasury, Fiduciary income Taxes ending 9130112 $ 2,409.00
2. PA Department of Revenue, Fiduciary Income Taxes ending 9130112 6.00
3. Greenawalt&Company, P.C., preparation of Fiduciary Income Taxes ending 9130112 475.00
4. Greenawalt&Company, P.C., preparation of Fiduciary Income Taxes ending 9/30/13 475.00
TOTAL,PERSONALTY,INCOME ACCOUNT,CREDITS: $ 3,365.00
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REAL ESTATE-PRINCIPAL ACCOUNT
DEBITS
The Accountant charges himself with the receipt of Decedent's
Real Estate as follows: $ NONE
TOTAL, REALESTATE, PRINCIPAL ACCOUNT, DEBITS: $ NONE
REAL ESTATE-PRINCIPAL ACCOUNT
CREDITS
The Accountant claims credit for the payment of the following
items from Real Estate Principal Account: $ NONE
TOTAL, REAL ESTATE, PRINCIPAL ACCOUNT,CREDITS: $ NONE
REAL ESTATE -INCOME ACCOUNT
DEBITS
The Accountant charges himself with the receipt of the
income from the investment of Real Estate Principal Account: $ NONE
TOTAL, REAL ESTATE,INCOME ACCOUNT, DEBITS: $ NONE
REAL ESTATE-INCOME ACCOUNT
CREDITS
The Accountant claims credit for the payment of the following items
from the Real Estate Income Account: $ NONE
TOTAL, REAL ESTATE,INCOME ACCOUNT,CREDITS: $ NONE
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RECAPITULATION
PERSONALTY:
PRINCIPAL ACCOUNT:
Debits $ 213,703.15
Credits $ 47,844.42
Balance $ 165,858.73
INCOME ACCOUNT:
Debits $ 1,224.60
Credits $ 3,365.00
Balance $
(2,140.40)
TOTAL PERSONALTY $ 163,718.33
REAL ESTATE:
PRINCIPAL ACCOUNT:
Debits $ NONE
Credits $ NONE
Balance $ NONE
INCOME ACCOUNT:
Debits $ NONE
Credits $ NONE
Balance $ NONE
TOTAL REAL ESTATE: $ NONE
OTAL FOR DISTRIBUTION:
$ 163,718.33
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STATEMENT OF PROPOSED DISTRIBUTION
Stephen J. Malpezzi, Executor and Accountant herein, proposes to
stribute the balance of the Estate of Victor E. Malpezzi, Deceased, to wit:
163,718.33 in accordance with the Last Will and Testament of said Decedent
s follows:
1. Stephen J. Malpezzi
1/3 of residue as per Item IV of Will $ 54,572.77
Michael J. Malpezzi
1/3 of residue as per Item IV of Will $ 54,572.78
3. James A. Malpezzi
1/3 of residue as per Item IV of Will $ 54,572.78
OTAL FOR DISTRIBUTION: $ 163,718.33
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STATE OF WISCONSIN
SS:
COUNTYOF QVdxF
Stephen J. Malpezzi, being duly sworn according to law deposes and says:
that he is the Executor of the Estate and under the Last Will and Testament of
Victor E. Malpezzi, Deceased, and the Accountant herein; that there are no
unpaid creditors or claimants of said Estate; that there are no persons
interested in the distribution of said Estate other than as stated in the foregoing
Statement of Proposed Distribution; and that the facts set forth in the foregoing
First and Final Account and Statement of Proposed Distribution are true and
correct to the best of his knowledge, information and belief.
StepheKJAA&Vezzi
Executor and Accountant
Sworn to and subscribed before me OQ�R. K/Vtj
Atz"
this day of 2013 Q Norggy O
Z
'� AUBLIG
Notary Public
WISGluj'
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