HomeMy WebLinkAbout05-01-14 ANNUAL REPORT OF
GUARDIAN OF THE ESTATE
COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
ORPHANS' COURT DIVISION f''r
N
O
s m
Estate of GLEN H. STONER vi
an Incapacitated Person-
No. 21-11-1132 " CD o v r:) "
r� C f7
N r try
—4 r
CD �l
I. INTRODUCTION
Orrstown Bank was appointed ® Plenary ❑ Limited
Guardian of the Estate by Decree of Albert H. Masland
J., dated December 30
2011
0 A. This is the Annual Report for the period from to
(the "Report Period'); or
® B. This is the Initial and Final Report for the period from December 30 2011,
to February OS 2014, (the"Report Period'),and is filed for the following reason:
1. The death of the Incapacitated Person. Date of death: February 5 2014
Name of Personal Representative: John J. Mooney III Esquire.
2. The Guardianship was terminated by the Court by Decree of
J., dated
Form G-01 rev. 10.13.06
Page 1 of 6
Estate of GLEN H. STONER An Incapacitated Person
II. SUMMARY
A. State the value of the estate reported on the Inventory $ 0.00
(No value was given as assets were not immediately available
or transferred to Guardian upon appointment by Court)
B. State the value(s) of principal assets at the beginning of
the Report Period (total principal assets received within first
year after appointment as Guardian). $ 118,660.31
C. What is the total amount of income earned during the
Report Period? $ 8,028.32
D. What is the total amount of income and principal
spent for all purposes during the Report Period? $ 47,454.10
E. What are the balances remaining at the end of the Report
Period?
1. Principal 83,879.56
($ce attached statement of Account Holdings)
2. Income 1199
3. Total of Principal and Income $ 83,891.55
III. ADDITIONAL INFORMATION
A. Principal
1. How is the principal balance listed above currently
invested? (Please specify, e.g., real estate,
certificates of deposit, restricted bank accounts, etc.):
Securities
Bonds
2. Have there been any expenditures from the principal
during the Report Period? . . . . . . . . . . . . . . . . . . . . . . . . ® Yes ONo
If yes:
a. Have all expenditures from the principal been for
the sole benefit of the Incapacitated Person? . . . . . . . . ® Yes 0 No
Fomi c-02 rev,10.ts.06 Page 2 of 6
Estate of GLEN H. STONER An Incapacitated Person
b. List purpose and amount of expenditures:
Disbursements to or for Beneficiary $ 16.114.38
Insurance Premiums 58.70
Robert and Janice Swope
fReimbursement for various expenses) 1,643.60
Carol Varner(Reimbursement for
Residence Inn stays) 2378.86
David R. Leaman Ed. D. (Account payable) 1 ,120.00
Patti Barrett
(Proceeding before Judge Masland) 34.80
Miscellaneous Medical Expense
(Anthony Hearing Aids,
Cumberland Goodwill EMS) 5.491.85
Attorney Fees(Keller, Keller& Beck;
Mattson Law Offices) 13.787.80
201112012 Tax Prep fees 650.00
2012 Form 1040 Tax due 481.00
Total Expenditures from Principal $ 41.760.99
c. Was Court approval received prior to
expending the principal? . . . . . . . . . . . . . . . . . . . . . . . . 0 Yes ® No
3. Were additional principal assets received during the
Report Period which were not included in the
Inventory or a prior Report filed for the Estate? . . , , . . . . . . . . ®Yes 0 No
If yes:
a, Was Court approval requested prior to
receiving the additional principal? . . . . . . . . . . . . . . . . . ❑ Yes ® No
b. State the sources and amounts of the
additional principal received:
Transfer from Keller, Keller& Beck, LLC $109,195.38
Close of Orrstown Bank Checking Account
#102001681 3,914.38
Reimbursement from GHS Irrevocable Trust
to GHS Guardianship for medical Expenses paid
from GHS Guardianship 5,550.55
FonG-02rev. 10.13.06 Page 3 of 6
Estate of GLEN H. STONER An Incapacitated Person
B. Income
1. State sources and amounts of income received
during the Report Period (e.g., Social Security,
pension,rents, etc.):
Capital Gain Distributions 1.359.58
Ordinary Dividends 4.028.29
Proceeds from sale of assets Money Market
Funds - income 1660.45
Total Income Received During Report Period: $ 8,028.32
2. How is income currently invested? (Please
specify,e.g., restricted bank accounts, client
care account, etc.):
Money Market Funds
Securities (Bonds & Municipal Bonds)
C. Expenses for Care and Maintenance
Specify what expenditures were made from the principal and
income for the care and maintenance of the Incapacitated
Person(e.g., clothing,nursing home,medicine, support, etc.):
Personal Home Care
Clothing
Medical Expenses
Transportation/Travel Expenses
D. Other Expenditures
Specify what other expenditures were made during the Report
Period. (Do not include any items stated in response to
question C above.)
Tax Preparation Fees
Tax Payments
Fiduciary Fees
Attorney Fees
Insurance Premiums
Purchase of Assets
Form G-02 rev.10,13,06 Page 4 of 6
Estate of GLEN H. .STONER
An Incapacitated Person
E. Guardian's Commissions
List amounts of compensation paid as Guardian's commission
and state how amount was determined:
Amount Method of Determination Court
u Approval Obtained
1]�827 85 Standard fee of 1 /a of market value
Yes 0 N
F. Counsel Fee
List amounts paid as counsel fee, and indicate whether Court approval was obtained.
Amount Court
Approval Obtained
15980 Keller Keller& Beck LLC
628.00 Martson Law Offices 0 Yes ONO
I verify that the foregoing information is correct to the best of my knowledge, information
and belief; and that this Verification is subject to the penalties of 18 Pa.C.S. § 4904 relative to
unsworn falsification to authorities.
�04 i Date By: ante { Trust Officer
Orrstown Bank
77 East King Street
Shippensburg, PA 17257
Form G-02 rev. 10.13.06
Page 5 of 6
ACCOUNT HOLDINGS AS OF 02/05/2014
GLEN H. STONER GUARDIANSHIP
Orrstown Bank:
Glen H. Stoner Guardianship,
Account No. 31-00-2043-0-05
TOTAL ACCOUNT HOLDINGS AS OF 2/05/2014 83 829.20
S 83,879.56
Form G-02 rev. 10 13-06
Page 6 of 6