HomeMy WebLinkAbout08-22-14 FAMILY SETTLEMENT AND FINAL RELEASE
In Re: Estate of ELLSWORTH G. MINICH Deceased
No. 21-12-0818
KNOW ALL MEN BY THESE PRESENTS,that
WHEREAS, ELLSWORTH G. MINICH, Late of North Middleton Township,
Cumberland County, Pennsylvania, died testate on June 25, 2012, having first
made his Last Will and Testament, which was duly executed on November 17,
1987, and is duly recorded in Cumberland County, PA, to No. 21-12-0818.
WHEREAS, the said Ellsworth G. Minch, by the aforesaid Last Will and
Testament, named his son, John E. Minch, as Executor of said Last Will and
Testament.
WHEREAS, Letters Testamentary on the Estate of the said decedent were duly
issued by the Register of Wills of Cumberland County, Pennsylvania, to the said
Executor hereinafter called the personal representative on July 30, 2012;
WHEREAS, the said personal representative has gathered the assets of the estate
of the said decedent and the assets consist of cash and real property, for a total
value of$143,056.80, as set forth in the attached Exhibit A.
WHEREAS, the debts and deductions including the payment of inheritance tax
in the said estate, amount to 30,015.80 (See Exhibit B) and inheritance taxes of
$5,129.08 (See Exhibit. Q.
Receipts from M&T Bank, received $1,467.04 not $1,504.68 as shown for a
difference of—$37.64.
Receipt from PPL electric a refund in the amount of+$72.92.
Additional deductions paid were: attorneys fee and executors fee in the
amount of$941.02
Therefore, there is a balance for distribution of $107,911.20 to be v
distributed. c s
o rn m
Total Assets $143,056.80 ' w "
Cn Total Debts 35,145.60 n N °
Balance for Distribution $107,911.20 o
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Distribution
Item II. "I bequeath my coin collection to my son, John E. Minch:"
Appraised value: (In Kind) 2,884.00
Item III. "I bequeath my savings accounts to my daughters,
Toby E. Schwalm and Barbara J. Punda, in equal shares."
Value: $25.00
Toby E. Schwalm (Curry): 12.50
Barbara J. Punda: 12.50
Item IV. "I devise my cemetery lots in the Dillsburg Cemetery to
my son, John E. Minch."
Appraised value: (In Kind) 500.00
Total in kind distributions $3409.00
Item V. "All the rest, residue and remainder of my estate I devise and
bequeath in equal parts to my son,John E. Minch, and my daughters, Toby E.
Schwalm and Barbara J. Punda."
To John E. Minch, 1/3 of the residue of estate, $ 34,834.06
To Toby E. Schwalm (Curry), 1/3 of the residue of estate, $ 34,834.06
To Barbara J. Punda, 1/3 of the residue of estate, $34,834.06
residuary balance 104,502.20
In kind 3,409.00
BALANCE DISTRIBUTED $107,911.20
WHEREAS, the balance for distribution has been distributed in accordance with
the terms of the last will and testament of the decedent as set forth in the
schedule of distribution.
NOW, THEREFORE we, the undersigned Legatees, being all of the legatees of
the said decedent and being those persons entitled to inherit under the last will
and testament of Ellsworth G. Minch do hereby, each of us, acknowledge that
we have received from the aforesaid estate, in full satisfaction, the sum or sums
of money set forth above.
AND, each of us does hereby stipulate and agree that in order to avoid the
expense and time involved in the filing of a formal account and schedule of
distribution, we each agree that no account is necessary and we do hereby agree
that we do consent to distribution being made without the filing of an account
and schedule of distribution, the same to be with the same force and effect as if
they had been filed and confirmed by the Orphans' Court Division of the Court
of Common Pleas of Cumberland County, PA.
THEREFORE, each of us does hereby remise, release, quitclaim and forever
discharge the said personal representative, her heirs, executors, and
administrators and assigns, of and from the said estate and from all actions, suits,
payments, accounts, reckonings, claims, and demands whatsoever for or by
reason thereof, or for any other use, matter, cause or thing whatsoever touching
upon the estate of the said decedent, and each of us does further hereby covenant
and agree that should any liability come due to the estate of the said decedent
after the signing of this agreement, we and each of us do hereby covenant and
agree with each other that we will contribute pro rata our share of the estate to
satisfy any and all claims, demands, suits, or causes of action which may be
successfully prosecuted against the said estate after signing, sealing and delivery
of this settlement agreement, and final release.
IN WITNESS WHEREOF, we have hereunto set our hands and seals this 18-
day of June, 2014.
Witness:
hn E. Minich, individually
And as Executor of the Estate of
Ellsworth G. Minch
Toby E.Schwalm
--1� n/k/a Toby E. Curry, individually
Barbara J. Punda, individually
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
On this, the 18th of June, 2014, before me, a Notary Public, the
undersigned officer, appeared John E. Minch, Toby Curry, formerly know as
Toby E. Schwalm and Barbarba J. Punda, known to me to be the persons whose
name 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.
seea-l.
Notary
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EXHIBIT "A"
Real Property
129 Cumberland Dr. sale proceeds $123,817.32
Personal Property
1. M&T Checking Account 2678004462 $1,467.04
2. N. Middleton Twp.Authority refund $139.92
3. Penn National Insurance premium refund $185.00
4. Members V Fed CU Savings Account 287088-00 $25.00
5. Members V Fed CU Checking Account 287088-11 $1,442.04
6. Members I" Fed CU Certificate of Deposit 287088-40 $9,976.97
7. Rowe's sale of personal property proceeds $1,397.25
8. Highmark Medical Insurance premium refund $174.47
9. Department of Revenue refund $975.00
10. Cemetery Lots $500.00
11. Coin Collection $2,884.00
12. PPL refund 72.79
TOTAL $19,239.48
NOTICE OF INHERITANCE TAX T pennsylvania
BUREAU OF INDIVIDUAL TAXES APPRAISEMENT, ALLOWANCE OR DISALLOWANCE DEPARTMENT OF REVENUE
INHERITANCE TAX DIVISION OF DEDUCTIONS AND ASSESSMENT OF TAX
PO BOX 280601 REV-1547 EX AFP (03-13)
HARRISBURG PA 17128-0601
DATE 05-13-2013
ESTATE OF MINICH Vi ELLSWORTH G
99 t, 7 DATE OF DEATH 06-25-2012
'.'6J �I�I�I II �II ir� J7 FILE NUMBER 21 12-0818
WILLIAM P DOUGLAS OUNTY CUMBERLAND
S L' ACN 101
43 W SOUTH ST LLi R�� � _ APPEAL DATE: 07-12-2013
CARLISLE PA 1700944"i-q, ti';i1ll (See reverse.side under Objections)
CUMBERLAND t. , PA Amount Remitted
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
1 COURTHOUSE SQUARE
CARLISLE PA 17013
CUT ALONG THIS LINE- -� _-RETAIN LOWER PORTION FOR YOUR RECORDS E�
____ ____________________________________________________-______
REY-1547 EX AFP CD2-13� NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF: MINIC14 ELLSWORTH GFILE NO. :21 12-0818 ACN: 101 DATE: 05-13-2013
TAX RETURN WAS: ( X) ACCEPTED AS FILED ( ) CHANGED
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
1. Real Estate (Schedule A) (1) 123,817.32 NOTE: To ensure proper
2. Stocks and Bonds (Schedule B) (2) .DO credit to your account,
3. Closely Held Stock/Partnership Interest (Schedule C) (3) .00 submit the upper portion
of this form with your
4. Mortgages/Notes Receivable (Schedule D) (4) .00 tax payment.
5. Cash/Bank Deposits/Mist. Personal Property (Schedule E) (5) 19,184.81
6. Jointly Owned Property (Schedule F) (6) .00
7. Transfers (Schedule G) (7) .00
e. Total Assets (8) 143.002 13
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Adm. Costs/Mist. Expenses (Schedule H) (9) 29.022.50
10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) .00
11. Total Deductions (11) 29,022.50
12, Net Value of Tax Return (12) 113,979.63
13. Charitable/Governmental Bequests; Nan-elected 9113 Trusts (Schedule J) (IS) .00
14. Net Value of Estate Subject to Tax (14) 113,979.63
NOTE: If an assessment was issued previously, Lines 14, 15, 16, 17, 18 and/or 19 will
reflect figures that include the total of all returns assessed to date.
ASSESSMENT OF TAX:
15. Amount of Line 14 at spousal rate (15) .00 X 00 = .DO
16. Amount of Line 14 taxable at lineal rate (16) 114.979 43 X 045 = 5,129.08
17. Amount of Line 14 at sibling rate (17) no X 12 = .00
18. Amount of Line 14 taxable at collateral rate (18) . 00 X 15 - ,00
19. Principal Tax Due (19)= 5,129.08
TAX CREDITS:
PAYMENT RECEIPT DISCOUNT (�)
DATE NUMBER AMOUNT PAID
INTEREST/PEN PAID
03-28-2013 CD017376 .00 00
5,129.08
05-06-2013 SBADJUST .00 1.26
TOTAL TAX PAYMENT 5,129.08
BALANCE OF TAX DUE 00
INTEREST AND PEN. ,00
TOTAL DUE .00 J
x IF PAID AFTER DATE INDICATED. SEE REVERSE IF TOTAL DUE IS REFLECTED AS A CREDIT (CR), YOU MAY BE DUE �I\
FOR CALCULATION OF ADDITIONAL INTEREST. A REFUND. SEE REVERSE SIDE FOR INSTRUCTIONS. 111
- . Exhibit «C„