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Home My WebLink About08-13-14 Pa. O.C. Rule 6.12 STATUS REPORT REGISTER OF WILLS OF CUMBERLAND COUNTY, PENNSYLVANIA Name of Decedent: Elias N. Cotsarelis Date of Death: 06/28/2013 File Number: 21-13-0773 Pursuant to Pa. O.C. Rule 6.12, 1 report the following with respect to completion of the administration of the above-captioned estate: 1. State whether administration of the estate is complete: ® Yes ❑ No 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to No. 1 is YES, state the following: a. Did the personal representative file a final account with the Court? ❑ Yes ® No b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account informally to the parties in interest? ® Yes ❑ No d. Copies of receipts, releases,joinders and approvals of formal or informal accounts may be filed with the Clerk of Orphans' Court and may be attached to this report. See copy of attached Family Settlement Agreement dated as of July 22, 2014. Dare 08/12/2014 Signature or Person Filing this Form city: ❑ Personal Representaliv ` Counsel u� CC 7 U --L -�O O r, s ire #06859 '�1 L�,1 � �–' �� Na o/Person Filing this Form L� ° — -» _ 22=' cn ?sw 315 North Front Street' C w = aco .¢ sMr Addhess U Harrisburg, PA 17101 City,State,Zip 717-236-9377 Telephone Form RW.10 Rev 1043-2o06 Copyright(c)2006 form software only The Lackner Group,Inc. Lconard Tintncr,Esquire Suprcmc Court I -.Y06859 BOSWUL,TINTNER&PICCOLA 315 North Front Slrcct Harrisburg Pennsylvania 17101 Phonc(717-236-9377) Fax(717-236-9316) E-mail(hintncrn'bumkm coni) RE: : IN THE COURT OF COMMON PLEAS ESTATE OF : CUMBERLAND COUNTY, PENNSYLVANIA ELIAS N. COTSARELIS, DECEASED : ORPHANS' COURT DIVISION NO. 2013-00773 FAMILY SETTLEMENT AGREEMENT ESTATE OF ELIAS N. COTSARELIS AGREEMENT executed this Jdiday of July, 2014, among Frances Cotsarelis Kanealy, (a/k/a Frances Kenealy), Nick Cotsarelis, George Cotsarelis, children of Decedent; Julia Cotsarelis and Helen Cotsarelis, grandchildren of Decedent, and Nick Cotsarelis, Executor of the Estate of Elias N. Cotsarelis. WITNESSETH: WHEREAS, Elias N. Cotsarelis died on June 28, 2013, having first made and published his Last Will and Testament, wherein he named his son, Nick Cotsarelis, Executor. Letters Testamentary were issued by the Cumberland County Register of Wills on July 16, 2013; and WHEREAS, the Executor, represented by Leonard Tintner, Esquire, and Boswell, Tintner & Piccola, has proceeded with the administration of said Estate, and has paid all proper bills and debts for the Estate and has prepared an Inventory and a Pennsylvania Inheritance Tax Return, which documents have been filed with the Register of Wills of Cumberland County on February 25, 2014; and WHEREAS, the Executor and the heirs have examined the income and expense statements for the estate pertinent to the estate assets, income earned and expense paid during the course of the administration; and WHEREAS, the Executor, Nick Cotsarelis, with the assistance of his attorney, has prepared an Informal First and Final Account, which is attached hereto, and that the net cash estate of the decedent shall be distributed pursuant to the Last Will and Testament. 1 . All items of personalty were divided among the children and grandchildren as they so desired and agreed; 2. The real estate located at 317 Market Street, Harrisburg, Dauphin County, PA was conveyed by the Estate on March 26, 2014 to Nick Cotsarelis as provided by ITEM 3 (B) of Decedent's Last Will and Testament; 3. The real estate located at 3817 Copper Kettle Road, Camp Hill, Cumberland County, PA was conveyed by the Estate on March 27, 2014 to Frances Cotsarelis Kanealy (a/k/a Frances Kenealy) as provided by ITEM 3(A) of Decedent's Last Will and Testament; 2 4. The apartment in Agrinion, Greece was transferred to the granddaughters, Julia Cotsarelis and Helen Cosarelis as provided by ITEM 4(C) of Decedent's Last Will & Testament; 5. Three (3) stremata (acres) and the house in New Avorania, Angrinion, Greece was transferred to Nick Cotsarelis as provided by ITEM 4(B) of Decedent's Last Will and Testament; 6. Twenty-four (24) stremata (acres) of olive trees in New Avorania, Angrinion, Greece was transferred to George Cotsarelis and Frances Cotsarelis Kanealy (a/k/a Frances Kenealy) equally as provided by ITEM 4(A) of Decedent's Last Will and Testament; 7. All the rest, residue and remainder of the Estate will be equally divided among the three (3) children, George Cotsarelis, Nick Cotsarelis and Frances Cotsarelis Kanealy (a/k/a Frances Kenealy) as provided by ITEM 5 of Decedent's Last Will and Testament. NOW THEREFORE, the parties hereto intending to be legally bound hereby, mutually agree, as follows: 1. Pennsylvania Inheritance Tax. The parties hereto agree and acknowledge that they have fully and carefully examined the Pennsylvania Inheritance Tax Return form relating thereto, and finds them to be true and correct, and acceptable to the parties hereto, and further acknowledge that they have received a copy of these documents. 3 2. Release and Discharge. The party hereto does hereby release, remise and forever discharge the Estate of Elias N. Cotsarelis, the Executor, and the attorney for the Estate, of and from all manner of acts, suits, claims, accounts, accountings, debts, dues and demands whatsoever which they or their legal representatives or assigns may at any time hereafter have, against the Executor, the said Estate or the assets thereof, from, for, touching or concerning any of the assets and property of the said Estate and/or any claim or interest thereto or therein, and the administration, management, collection, sale or distribution of any of the said assets and for or on account of any money, interest, income, assets or proceeds out of the same, from the time of the death of the said decedent to and including the date of this Agreement and release. 3. Distribution. The beneficiaries under the Last Will & Testament agrees to the distribution made, as follows: (a) Taxes. Pennsylvania Inheritance Taxes were paid in full on February 25, 2014. The Pennsylvania Inheritance Tax Return was filed on February 25, 2014. (b) Creditors' claims. All claims of the creditors, as known to the Executor have been paid. (c) Distribution to each of the named beneficiaries of the realty in the United States and in Greece has been made in accordance with the Will and all 4 personalty was distributed to those heirs so desirous of receiving same. (d) Residuary distribution. Distribution to the residuary beneficiaries will be made of the balance of the estate, after payment of all remaining fees and debts in accordance with the Last Will and Testament of Decedent. 4. Final Agreement. This instrument is a full and final Family Settlement Agreement by and among the parties hereto; all of the same having been arrived at, concluded, and executed after a full and complete disclosure of the estate assets, the obligations, and the rights of the parties and of all the parties to, and each of them, agree to abide by these terms. 5. Requirement to execute documents All of the parties agree that they will at all times in the future and whenever necessary, appropriate or convenient, make, execute and deliver to the said Executor and to the other parties or persons, any and all instruments, documents, conveyances, deeds, releases or other instruments of any kind necessary or convenient to carry out the intention of this Agreement and/or to permit, assist and enable the Executor to fulfill his duties with reference to the said estate and all of the assets and obligations. 6. Entire agreement. This Agreement constitutes the entire understanding between the parties to, and each of them acknowledges that no representations or statements of any kind, written or oral, have been made to them or any of them previously by the Executor or by any other person or party upon his behalf. 5 7. Heirs. This Agreement shall enure to the benefit of and shall be binding upon, these parties to, and each of them, their heirs, executors, administrators, successors and assigns. 8. Counterparts. This Agreement may be signed in counterparts, which means each party may execute a separate copy. IN WITNESS WHEREOF, these parties to have hereunto set their respective hands and seals the day and year first above written. In th resence z � Nick Cotsarelis, Executor, Son and Beneficiary George Cotsarelis, Son and Beneficiary Frances Cotsarelis Kanealy, (a/k/a Frances Kenealy) Daughter and Beneficiary Julia Cotsarelis, Granddaughter and Beneficiary Helen Cotsarelis, Granddaughter and Beneficiary 6 7. Heirs. This Agreement shall enure to the benefit of and shall be binding upon, these parties to, and each of them, their heirs, executors, administrators, successors and assigns. 8. Counterparts. This Agreement may be signed in counterparts, which means each party may execute a separate copy. IN WITNESS WHEREOF, these parties to have hereunto set their respective hands and seals the day and year first above written. In the presence of: Nick arelis, Executor, Son and Beneficiary Cc ti Z:Zle� George Cotsarelis, Son and Beneficiary Frances Cotsarelis Kanealy, (a/k/a Frances Kenealy) Daughter and Beneficiary Julia Cotsarelis, Granddaughter and Beneficiary Helen Cotsarelis, Granddaughter and Beneficiary 6 7. Heirs. This Agreement shall enure to the benefit of and shall be binding upon, these parties to, and each of them, their heirs, executors, administrators, successors and assigns. 8. Counterparts. This Agreement may be signed in counterparts, which means each party may execute a separate copy. IN WITNESS WHEREOF, these parties to have hereunto set their respective hands and seals the day and year first above written. In the presence of: Nick Cotsarelis, Executor, Son and Beneficiary George Cotsarelis, Son and Beneficiary Frances Cotsarelis Kanealy, (a/k/a Fr nces Kenealy) Daughter and Beneficiary Julia Cotsarelis, Granddaughter and Beneficia^/ Helen Cotsarelis, Granddaughter and Beneficiary 6 7. Heirs. This Agreement shall enure to the benefit of and shall be binding upon, these parties to, and each of them, their heirs, executors, administrators, successors and assigns. 8. Counterparts. This Agreement may be signed in counterparts, which means each party may execute a separate copy. IN WITNESS WHEREOF, these parties to have hereunto set their respective hands and seals the day and year first above written. In the presence of: Nick Cotsarelis, Executor, Son and Beneficiary George Cotsarelis, Son and Beneficiary Frances Cotsarelis Kanealy, (a/k/a Frances Kenealy) Daughter and Beneficiary Julia Cotsarelis, Granddaughter and Beneficiary Heleh Cotsarelis, Granddaughter and Beneficiary 6 7. Heirs. This Agreement shall enure to the benefit of and shall be binding upon, these parties to, and each of them, their heirs, executors, administrators, successors and assigns. 8. Counterparts. This Agreement may be signed in counterparts, which means each party may execute a separate copy. IN WITNESS WHEREOF, these parties to have hereunto set their respective hands and seals the day and year first above written. In the presence of: Nick Cotsarelis, Executor, Son and Beneficiary George Cotsarelis, Son and Beneficiary Frances Cotsarelis Kanealy, (a/k/a Frances Kenealy) Daughter and Beneficiary Julia Cotsarelis, Granddaughter and Beneficiary Helen Cotsarelis, Granddaughter and Beneficiary 6 INFORMAL ACCOUNT OF ESTATE OF ELIAS N. COTSARELIS I. ASSETS: 317 Market Street, Harrisburg, Dauphin County, PA $140,000.00 3817 Copper Kettle Road, Camp Hill, Cumberland County, PA 209,000.00 PERSONALTY: Citizens Bank 238,904.75 M&T Bank - Checking Account #23527315 2,541.71 M&T Bank - Savings Account #15004216635902 4,492.45 Members 15` Federal Credit Union - Savings #258990-00 5.60 Members 151 Federal Credit Union - CD #258990-40 4,059.03 Members I" Federal Credit Union - CD #258990-41 40,530.69 Members 1s` Federal Credit Union - CD #258990-44 65,043.27 Cashier's Check - PA State Bank 5,000.00 Sovereign Bank - CD #0575267414 94,570.30 Personal Property 1 ,500.00 Total Gross Assets: $893,647.80 II. DISBURSEMENTS: Funeral Expenses and related costs $ 13,143.79 Cumberland County Register of Wills - Letters Testamentary and Probate of Will 713.50 Cumberland County Law Journal - Advertisement of Letters Testamentary 75.00 Carlisle Sentinal - Advertisement of Letters Testamentary 242.64 Corbin & Associates - Appraisal of 317 Market Street, Harrisburg, PA 1,500.00 Citizen's Bank - Printing of Checks 21.34 Sovereign Bank - Date of Death Letter 20.00 Holy Spirit Hospital - Medical 1 ,006.40 Camp Hill Emergency Physicians 42.91 Internists of Central Pennsylvania 107.56 West Shore EMS - BLS Ambulance 133.81 Quantum Imaging - Xrays 27.68 Omnicare Pharmacy Services - Prescriptions 26.68 Boswell, Tintner & Piccola - Attorney Fees 26,500.00 Nick Cotsarelis - Executor Fees 26,500.00 Boones Property Mgmt - Cleaning of Dwelling House - Removal of Unwanted Furnishings, etc. 604.55 Hampden Township - Sewer/Trash 342.75 Kevin Keller - Lawncare - Dwelling House 245.00 PP/L - Heat and Light - Dwelling House (2013-2014) 1,575.02 Penna American Water - Dwelling House 73.20 Michael Langan - Tax Collector - Dwelling House - SchoolTax 1 ,728.47 Nick Cotsarelis - Reimbursement - for Translation for documents in Greece 340.20 Recorder of Deeds - Cumberland County and Dauphin County - Property Transfers 135.50 Millerville Mutual Ins. Co. - Homeowners Coverage 1,001 .00 Michael Langan, Tax Collector - Borough and County Tax - Dwelling 510.82 Leonard Tintner, Esquire - Preparation of 1041 and PA 40 & 41 500.00 City of Harrisburg - Privilege License - Commercial Property 40.00 Dauphin County Treasurer - Commercial Property - County Tax 507.35 Harrisburg City Treasurer - Commercial Property - School Tax 1 ,961.52 Harrisburg City Treasurer - City Realty Tax - Commercial Property 1,376.86 Boswell, Tintner & Piccola - Reserve for filing Family Agreement, Closing Costs, etc. 375.00 Register of Wills - Pennsylvania Inheritance Tax 34,914.31 PA Department of Revenue - 2013 Income Tax 331.00 H&R Block - Income Tax - 2013 Preparation 204.00 Nick Cotsarelis - Reimbursement for Decedent's Income Taxes - IRS 535.00 Total Disbursements: $117,362.86 III. RECAPITULATION: Gross Assets: $893,647.80 Additional Interest and Refunds 11 ,517.54 $905.165.34 Less Disbursements: 117,362.86 TO BE DISTRIBUTED: $787,802.48 IV. DISTRIBUTIONS: To: Nick Cotsarelis - Cash $145,767.49 317 Market Street, Dauphin County, Harrisburg, PA 140,000.00 3 Acres - House New Avorania Angrinion, Greece No Value (In USA) To: George Cotsarelis - Cash 145,767.49 /z Interest in 24 Acres of Olive Grove In New Avorania, Angrinion, Greece No Value (In USA) To: Frances Cotsarelis Kenealy - Cash $145,767.49 3817 Copper Kettle Road, Cumberland County, Camp Hill, PA 209,000.00 /2 Interest in 24 Acres of Olive Grove In New Avorania, Angrinion, Greece No Value (In USA) $354,767.99 To: Julia Cotsarelis and Helen Cotsarelis, equally Apartment in Agrinion, Greece (No Value) USA To: Family - Choice of Personalty $ 1 ,500.00 $787,802.47