HomeMy WebLinkAbout09-04-14 �
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COURT OF COMMON PLEAS OF �' �
CUMBERLAND COUNTY, PENNSYLVANIA �� � �=i � .�.' --._..�n
ORPHANS' COURT DIVISION ,_ �::t w � r�'rrn
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NAME OF TRUST
('1'RZIST ZINDER WILL OF The George H. Plough Trust
or
TRZIST UNDER DEED OF The George H. Plough Trust
DATED Julv 24, 2002 )
No. 21-11-758
PETITION FOR ADJUDICATION/
STATEMENT OF PROPOSED DISTRIBUTION
PURSUANT TO Pa. O.C.Rule 6.9
This form may be used in all cases involving the Audit of Trust Accounts. If space is insu�cient,
riders may be attached.
INCL UDE ATTACHMENTS AT THE BACK OF THIS FORM.
Name of Counsel: Tricia D.Naylor,Esquire
Supreme Court I.D.No.: g3760
Name of Law Firm: B�c Scherer LLC
Address: 19 West South Street, Carlisle,Pennsylvania 17013
Telephone: ��1�)249-6873
Fax: �71�)249-5755
Form OC-02 rev 10.l3.06 Page 1 of 10
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Name of Trust: The George H. Plough Trust
1. Name(s)and address(es) of Petitioner(s):
Petitioner: Petitioner:
Npme: Antonio Santana aka Tony Santana
Aaaress: 1556 Newville Road
Carlisle, Pennsylvania 17015
2. Check if any of the following issues are involved in this case:
A. Appointment of Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �
B. Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �
C. Discharge of Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �
D. Transfer of Situs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑
E. Appointment of Ad Litem . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �
F. Minor, Unborn or Unascertained Beneficiary(ies) . . . . . . . . . . . . . . . . . . . . . . �
G. Principal Distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �
H. Partial/Full Termination of Trust . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑
I. Missing Beneficiary(ies) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �
J. Cy Pres . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �
K. Williamson Issue* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �
L. OtherIssues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . �
List:
Please note:
A detailed explanation of issues checked should be set forth at item 13 below.
�`See Williamson Estate,368 Pa.343,82 A.2d 49(I 951),if Trustee was also Executor of the settloddecedenYs estate and
received commissions in such capacity.
Form OC-01 rev 10.13.06 Page 2 of 10
Name of Trust: The George H. Plough Trust
6. State how and when the present fund was awarded to Trustee(s):
Pursuant to Paragraph FOURTH of the Last Will and Testament of George H.Plough,
the decedent devised and bequeathed his residuary estate to The George H.Plough Trust,
an intervivos trust dated July 24,2002 which Settlor funded prior to his death.
7. Period covered by accounting:
July 1,2013 to June 30,2014
8. Current fair market value of the Trust principal is$ 2 0 3.,6 7 8 0 0 . See page
7 of Account.)
9. State concisely the dispositive provisions of the Trust:
Upon the death of the Settlor,GEORGE H.PLOUGH,the Trust sha11 terminate. Upon
termina.tion of the Trust,the remaining trust estate shall be held IN FURTHER TRUST,
with the Trustee distributing the proceeds of the Trust estate in as equal shares as
possible over a five(5)year period beginning one(1)year from the date of death of the
Settlor until entirely distributed. The Trustees shall have complete discretion in the
manner with which they determine the value of each distribution,but shall,in any event
complete the total distribution of this trust within five(5)years of the death of the
Settlor. Each such distribution of this trust sha11 be distributed to the beneficiaries
according to their shares as identified on Schedule "B" . . .Two Schedules"B"were
found and a Petition to Determine the Beneficiaries was filed and an Order was granted
by J.Wesley Oler. (See Atta.ched Order for list of beneficiaries and their shares.)
10. Explain the reason for filing this Account(if filed because of the death of a party, state
name of person,relationship to Trust and date of death):
This Accounting is being filed for The George H.Plough Trust as a Fourth and Partial
Account of the Trustee to acquaint interested parties with the transactions that have
occurred since the last accounting.
Page 4 of 10
Form OGOl rev J0./3.06
Name of Trust:The George H. Plough Trust
11. State why a Petition for Guardian/Trustee Ad Litem has or has not been filed for this
Audit(see Pa. O.C. Rule 12.4):
N/A
12. A. State the amount of Pennsylvania Transfer Inheritance Tax and Pennsylvania Estate
Ta�c paid (including postponed t�on remainder interests),the dates of payment and
the interests upon which such amounts were paid:
Date Payment Interest
B. If any such taxes remain unpaid or are in dispute, explain:
13. Describe any questions requiring Adjudication and state the position of Petitioner(s)and
give details of any issues identified in item 2:
Form OC-02 rev l0.l3.06 Page 5 of 10
Name of Trust:The George H. Plough Trust
14. Written notice of the Audit as required by Pa.O.C. Rules 6.3, 6.7 and 6.8 has been or will
be given to all parties in interest listed in item 15 below. In addition, notice of any
questions requiring Adjudication as discussed in item 13 above has been or will be given
to all persons affected thereby.
A. If Notice has been given,attach a copy of the Notice as well as a list of the names
and addresses of the parties receiving such notice.
B. If Notice is yet to be given, a copy of the Notice as well as a tist of the names and
addresses of the parties receiving such Notice shall be submitted at the Audit
together with a statement executed by Petitioner(s)or counsel certifying that such
Notice has been given.
C. If any such parly in interest is not sui juris(e.g.,minors or incapacitated persons),
Notice of the Audit has been or will be given to the appropriate representative on
such party's behalf as required by Pa. O.C. Rule 5.2.
D. If any charitable interest is involved,Notice of the Audit has been or will also be
given to the Attorney General as required under Pa. O.C. Rule 5.5. In addition,
the Attorney General's clearance certificate(or proof of service of Notice and a
copy of such Notice)must be submitted herewith or at the Audit.
15. List all parties of whom Petitioner(s)has/have notice or knowledge,having or claiming
any interest in the Trust,whether such interest is vested or contingent, charitable or
non-charitable. This list shall:
A. State each party's relationship to the Settlor/Decedent and the nature of each
party's interest(s);
Name and Address ojEach Parry in Interest I Relationship and Comments if any I /nterest
See attached Court Order showing Charitable 100%
the charitable beneficiaries of the
trust estate and their respective
shares.
Form OGOl rev/0.13.06 Page 6 of 10
Name of Trust: The George H. Plough Trust
Name and Address of Each Party in Interest I Relationship and Comments iJany I /nterest
B. Identify each party who is not sui juris(e.g., minors or incapacitated persons).
For each such party, give date of birth,the name of each Guardian and how each
Guardian was appointed. If no Guardian has been appointed, identify the next of
kin of such party, giving the name, address and relationship of each;and
N/A
C. If distribution is to be made to the personal representative of a deceased party,
state date of death,date and place of grant of Letters and type of Letters granted.
16. If Petitioner(s)has/have knowledge that a Trust share has been assigned or attached,
provide a copy of the assignment or attachment,together with any relevant supporting
documentation.
17. If a trustee's principal commission is claimed:
A. If based on a written agreement, attach a copy thereof.
Form OG02 rev/0.13.06 Page 7 of 10
Name of Trust:The George H. Plough Trust
B. If a principal commission is claimed, state amount.
C. If a principal commission is claimed, state the amounts and dates of any principal
commissions previously paid in prior accounting periods.
Amount Date Paid
10,000.00 * May 7,2012
1,000.00 December 3,2012
1,000.00 September 23,2013
i�An exe�utor/trustee' s commission for the administration of the decedent' s
estate/trust was taken which included the first and partial accountiny
of the trust.
18. If a reserve is requested, state amount and purpose.
Amount:
Purpose:
If a reserve is requested for counsel fees, has notice of the
amount of fees to be paid from the reserve been given to the
parties in interest? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑Yes ❑No
If so, attach a copy of the notice.
19. Is the Court being asked to direct
the filing of a Schedule of Distribution? . . . . . . . . . . . . . . . . . . . . . . . . . . 0 Yes ❑No
Form OC-02 rev/0.13.06 Page 8 of 10
Name of Trust:The George H.Plough Trust
B. If a principal commission is claimed, state amount.
C. If a principal commission is claimed, state the amounts and dates of any principal
commissions previously paid in prior accounting periods.
Amount Date Poid
10,000.00 * May 7,2012
1,000.00 December 3,2012
1,000.00 September 23,2013
An exeeutor/trustee' s commission for the administration of the decedent' s
estate/trust was taken which included the first and partial accounting
of the trust.
18. If a reserve is requested, state amount and purpose.
Amovnt:
Purpose:
If a reserve is reyuested for counsel fees, has notice of the
amount of fees to be paid from the reserve been given to the
parties in interest? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑Yes ❑No
If so, attach a copy of the notice.
19. Is the Court being asked to direct
the filing of a Schedule of Distribution? . . . . . . . . . . . . . . . . . . . . . . . . . . �Yes ❑No
Form OG02 rev l0.I3.06 Page 8 of 10
Name of Trust: The George H. Plough Trust
Wherefore, your Petitioner(s)ask(s)that distribution be awarded to the parties entitled
and suggest(s)that the distributive shares of income and principal(residuary shares being stated
in proportions,not amounts) are as follows:
A. Income:
Proposed Dislributee(s) AmoundProportion
See proposed distributions on page '7
B. Principal:
Proposed Distributee(sJ AmoundProportion
See proposed distributions on page 7
Submitted By:
(All petitioners must sign.
Add additional lines if necessary):
ame of Petitioner: �tonio Santana aka Tony San�
Name of Petitioner:
Form OG02 rev 10.13.06 Page 9 of 10
Name of Trust: The George H Plough Trust
Verification of Petitioner
(Verification must be by at least one petitioner.)
The undersigned hereby verifies * �t�11t he/she is r;rie
of the above-named name ofcorporation and] that the facts set
forth in the foregoing Petition for Adjudication/Statement of Proposed Distribution which are
within the personal knowledge of the Petitioner are true,and as to facts based on the information
of others,the Petitioner, after diligent inquiry, believes them to be true; and that any false
statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 (relating to unsworn
falsification to authorities).
ignature of Petitioner
*Corporate petitione�s must complete bracketed information.
Certification of Counsel
The undersigned counsel hereby certifies that the foregoing Petition for Adjudication/
Statement of Proposed Distribution is a true and accurate reproduction of the form Petition
authorized by the Supreme Court, and that no changes to the form have been made beyond the
responses herein.
Sig ture of Coun el for Peti i r
Form OC-02 rev!0./3.06 Page 10 of 10
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~ IN RE: THE GEORGE H. : UMBERL ND C�OUNTYMPENNSYLV�ANIA
:f PLOUGH TRUST - :
j� ; ORPHANS' COURT DIVISION � �=-� ,
T� • :..��.�.�']� �; r.T;•�;
: NO. 21-11-7�8 .��m J ::��
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ORDER_OF COURT :�70 �- __�
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AND NOW, this��Y of �'» �� 2012, upon consideration of the �� ��
Petition to Determine the Beneficiaries and Their Respective Shares of George H. Plough Trust
a+�� �nZvc"a
and argumen�hereon it is ordered and decreed that The George H. Plough Trust may be
distributed according to the Trust Agreement in the amounts identified to the following
charitable beneficiaxies:
One-Eighth (1/8) to Jack Van Impe Ministries
One-Eighth (1/8) to Perry Stone Ministries
One-Eighth (1/8) to Gods News Behind the News
One-Eighth (1/8) to John Hagee 1Vlinistries
One-Eighth (1/8) to Benny Hinn Ministries
One-Eighth (1/8) to Hagerstown Union Rescue Vlission
One-Eighth (1/8) to Life Outreach Intemational
One-Sixteenth(1/16) to Save The Cluldren
One-S ixteenth(1/16) to Feed The Children
BY THE COURT,
. ' �
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CONMAONWEALTH OF PENNSYWANIA
: OFFICE OF ATTORNEY GENERAL
KATHLEEN G. KANE
ATTORNEY GENERAL August 25, ZO 14
Charitable Trusts and
Organizations Section
14th Flr., Strawberry Sq.
Harrisburg,PA 1712Q
Phone: (717)783-2853
racsimile: (?17) 7�7-?190
Tricia D.Naylor,Esquire
BARIC SCHERER LLC
19 West South Street
Cazlisle, PA 17013
Re: Estate of Geor�e H. Plou�h/No. 21-10-Q687; Cumberland County
Dear Ms.Naylor:
This will acknowledge receipt of your notice under Supreme Court Orphans' Court Rule
5.5 regarding the above-captioned matter.
I have reviewed the Fourth and Partial Combined Account of Antonio Santana,
Executor/Trustee for the George H. Plough Estate and Trust and have no objections. At
your eazliest convenience, kindly provide me with copies of the decree and proof of payment to
the charities.
Plcase be advis��that the above zeview was ma�e pars�t�o the pazens atriae function
of this office and has no bearing on any matter unrelated thereto. Be furkher advised that this no
objection is based on the information submitted to the Office of Attorney General and therefore
is conditioned upon its accuracy submissions or omissions.
Very truly yours,
ohn L. Downing
Deputy Attomey General
,,.:
, . �0���78�00
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
ORPHANS' COURT DIVISION
THE GEORGE H. PLOUGH TRUST
NO. 21-11-758
FOURTH AND PARTIAL ACCOUNT OF ANTONIO SANTANA, TRUSTEE FOR
THE GEORGE H. PLOUGH TRUST
George H. Plough, Died: June 15, 2010
Date of First Receipt of Funds: June 15, 2010
Accounting for the period: July 1, 2013 to June 30, 2014
Purpose of Account: The Trustee offers this Account to acquaint interested parties with
the transactions that have occurred since the last accounting of the administration of the
trust.
It is important that the account be carefully examined. Requests for additional
information or questions or objections can be discussed with:
Tricia D. Naylor, Esquire
Baric Scherer, LLC
19 West South Street
Carlisle, PA 17013
(717) 249-6873
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Summary of Account for The George H.Plough Trust
PRINCIPAL Page
Receipts/Fiduciary Acquisition Value As of 6/30/2013 2 $305,153.28
Net Gain on Sales or Disposition 23 $ 11,042.32
Less Disbursements
General Disbursements 4 ($4,000.41)
Fees and Commissions Paid 4 ($4,535.32)
Balance before Distributions $307,659.87
Distribution to Beneficiaries 5 $ (93,520.00)
Principal Balance on Hand $214,139.87
INCOME
Receipts 5-6 $3,116.00
Less Distributions
Income Balance on Hand $3,116.00
UNREALIZED GAINS/LOSSES 7 $ (13,577.87)
COMBINED BALANCE ON HAND 7 $203,678.00
FEES/COMMISSIONS TO BE PAID 7 $ (3,250.00)
PROPOSED DISTRIBUTIONS TO BENEFICIARIES 7 $ 73,000.00
VERIFICATION 8
Page 1
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RECEIPTS OF PR�NCIPAL
Stocks/Mutual Funds Fiduciary Unrealized Fair Mkt Value
1 Fidelity Securities Account#4516-7202 Acquisition Valu Gain/Loss as of 6/30/13
150 Albany Intl Corp New $ 4,374.30 $ 572.70 $ 4,947.00
500 CTS Corporation $ 6,189.50 $ 630.50 $ 6,820.00
100 Ecolab Inc $ 7,020.00 $ 1,499.00 $ 8,519.00
100 Home Depot $ 6,368.68 $ 1,378.32 $ 7,747.00
500 Susquehanna Bancshrs $ 5,762.99 $ 662.01 $ 6,425.00
206 Tootsie Roll Inds $ 5,567.74 $ 978.94 $ 6,546.68
10000 Morgan Stanley DW Disc $ 9,900.00 $ 100.00 $ 10,000.00
498.536 Fidelity Real Estate Investment $ 16,233.16 $ 622.34 $ 16,855.50
506.781 13D Activist Fund $ 7,100.00 $ (136.83) $ 6,963.17
409.668 Primecap Odyssey Aggressive Gnvlh Fd $ 10,000.00 $ 114.70 $ 10,114.70
2344.932 Robeco Boston Prtns Lg/Sh Research $ 31,000.00 $ (351.74) $ 30,648.26
458.295 Teton Westwood Mighty Mites Fd $ 10,000.00 $ 142.06 $ 10,142.06
1333.538 Virtus Multi Sector Short Term Bond $ 6,614.33 $ (173.35) $ 6,440.98
$126,130.70 $ 6,038.65 $132,169.35
Money Market $ 25,447.70 $ - $ 25,447.70
$151,578.40 $157,617.05
F&M Trust Account#11-37158 $ 2,866.44 $ 2,866.44
F&M Trust Account#34-25150 $ 2,418.60 $ 2,418.60
Baric Scherer LLC-Plough Trust Account $ 1,760.86 $ 1,760.86
Behringer $ 6,450.00 $ (4,520.00) $ 1,930.00
AMReit $ 5,510.00 $ (203.00) $ 5,307.00
Real Estate $ 78,830.93 $ 78,830.93
Midland National life Ins.Co.Policy#8500379133' $ 53,193.53 $ (21,170.53) $ 32,023.00
FIDUCIARY ACQUISITION VALUE AS OF 6/30/13 S 302,608.76
UNREALIZED GAINS/LOSSES AS OF 6/30/13 $ (19,854.88)
FAIR MARKET VALUE AS OF 6/30/13 $282,753.88
'estimated commutable value
SUBSEQUENT RECEIPTS
Annuities
1 Midland National Life Ins.Co.Policy#8500379133 payable until 4/6/27
7/16/2013 principal of annuity payments $462.64
12/13/2013 principal of annuity payments $92528
5/22/2014 principal of annuity payments $1,156.60
TOTAL SUBSEQUENT RECEIPTS E 2,544.52
TOTAL PRINCIPAL RECEIPTS S 305,153.28
PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS
Gain/Loss
7/9/2013 100 shares Ecolab Inc
Net Proceeds $8,585.86
Acquisition Value $7,020.00 $1,565.86
7/24/2013 100 shares Reinsurance Group Amer Inc Com New
Net Proceeds $6,648.07
Acquisition Value $6,824.50 ($176.43)
Page 2
_ _ __ _
7/31/2013 500 shares Susquehanna Bancshrs
Net Proceeds $6,706.08
Acquisition Value $5,762.99 $943.09
8/21/2013 206 shares Tootsie Roll lnds
Net Proceeds $6,756.68
Acquisition Value $5,567.74 $1,188.94
9/4/2013 100 shares Home Depot Inc
Net Proceeds $7,518.87
Acquisition Value $6,368.68 $1,150.19
9/13/2013 323.625 sh Driehaus Emerging Markets
Net Proceeds $10,317.17
Acquisition Value $10,000.00 $317.17
9/13/2013 501.634 sh Fidelity Reai Estate Investment
Net Proceeds $16,247.93
Acquisition Value $16,331.37 ($83.44)
9/13/2013 329.924 sh Fidelity Select IT Services Portfolio
Net Proceeds $10,976.57
Acquisition Value $10,000.00 $976.57
9/13/2013 239.044 sh Oakmark International Inc
Net Proceeds $6,117.14
Acquisition Value $6,000.00 $117.14
9/13/2013 409.668 sh Primecap Odyssey Aggressive Grwth Fd
Net Proceeds $11,368.29
Acquisition Value $10,000.00 $1,36829
9/13/2013 458.295 sh Teton Westwood Mighty Mites Fd
Net Proceeds $10,701.19
Acquisition Value $10,000.00 $701.19
9/17/2013 150 shares Albany Intl Corp New
Net Proceeds $4,981.91
Acquisition Value $4,374.30 $607.61
9/17/2013 500 shares CTS Corporation
Net Proceeds $7,459.37
Acquisition Value $6,189.50 $1,269.87
9/17/2013 100 shares Market Vectors ETF
Net Proceeds $8,252.76
Acquisition Value $7,776.25 $476.51
9/17/2013 600 shares Tetra Technologies
Net Proceeds $7,594.54
Acquisition Value $7,140.60 $453.94
10/7/2013 100 shares Medtronic Inc
Net Proceeds $5,341.80
Acquisition Value $5,210.68 $131.12
10/11/2013 200 shares Suntrust Banks Inc
Net Proceeds $6,458.66
Acquisition Value $7,097.34 ($638.68)
1/30/2014 50 shares Las Vegas Sands Corp
Net Proceeds $3,715.44
Acquisition Value $3,616.50 $98.94
5/6/2014 50 shares Devon Energy Corp
Net Proceeds $3,488.92
Acquisition Value $3,144.50 $344.42
5/6/2014 50 shares Vanguard Intl Equity index
Net Proceeds $5,393.02
Acquisition Value $5,163.00 $230.02
TOTAL GAINS&LOSSES $ 11,042.32
Page 3
GENERAL DISBURSEMENTS
1 Tom Provins -lawn services $550.00
2 PPL Electric-utilfty $226.81
3 Bedford Grange Mutual Ins-homeowners insurance $656.00
4 Darlene Pittman,Tax Collector-2013 Real Estate Taxes $2,479.10
5 F&M Trust-checks $43.50
6 Paul Barclay-house repair $45.00
Total $4,000.41
FEES AND COMMISSIONS
1 Investment Advisory Fee
7/1/2013 Fidelfty Advisor Fee $254.24
8/1/2013 Fidelity Advisor Fee $262.90
9/3/2013 Fidelity Advisor Fee $246.31
9/12/2013 Fidelity Checkbook fee $6.00
10/1/2013 Fidelity Advisor Fee $148.28
11/1/2013 Fidelity Advisor Fee $108.31
12/2/2013 Fidelity Advisor Fee $112.78
1/2/2014 Fidelity Advisor Fee $115.44
2/3/2014 Fidelity Advisor Fee $102.48
3/3/2014 Fidelity Advisor Fee $116.63
4/1/2014 Fidelity AdvisorFee $113.38
5/1/2014 Fidelity AdvisorFee $117.03
6/1/2014 Fidelity AdvisorFee $114.83
2 Margin Interest
5/20/2014 Fidetity $1.71
3 Antonio Santana-trustee's fee for administration including third accounting ending 6/30/13 $1,000.00
4 Baric Scherer LLC,legal fees for trust admin.including third/partial accouting ending 6/30/13 $1,500.00
6 Register of Wills-file and advertise Third and Partial Account $215.00
Total 54,535.32
TOTAL DISBURSEMENTS OF PRINCIPAL 58,535.73
PRINCIPAL INVESTMENTS MADE
7/1/2013 100 sh Medtronic Inc $5,210.68
7/2/2013 323.625 sh Driehaus Emerging Markets $10,000.00
7/5/2013 329.924 sh Fidelity Select IT Services Portfolio $10,000.00
7/9/2013 100 sh Reinsurance Group Amer Inc Com New $6,824.50
7/31/2013 100 sh Market Vectors ETF Trust Biotech ETF $7,776.25
8/8/2013 200 sh Suntrust Banks Inc $7,097.34
8/21/2013 239.044 sh Oakmark Intemational CI $6,000.00
9!4/2013 600 sh Tetra Technologies Inc $7,140.60
10/23/2013 50 sh Devon Energy Corp $3,144.50
10/23/2013 50 sh Las Vegas Sands Corp $3,616.50
10/23/2013 50 sh Vanguard Intl Equity Index $5,163.00
1/28/2014 761.317 sh Virtus Multi Sector Short Term Bond $3,700.00
5/2/2014 1758.691 sh Virtus Mutti Sector Short Term Bond $8,600.00
TOTAL INVESTMENTS MADE $84,273.37
Page 4
CHANGE IN PRINCIPAL HOLDINGS
Morgan Stanley DW Disc
10,000 sh Purchased at $9,900.00
Cost Basis Adjustment ($549.89)
$9,350.11
AMREIT
580 shares Inventoried at $5,500.00
290 shares Reverse Split @.50 no change
DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES
Jack Van impe Ministries $ 11,690.00
Perry Stone Ministries $ 11,690.00
Gods New Behind The News $ 11,690.00
John Hagee Ministries $ 11,690.00
Benny Hinn Ministries $ 11,690.00
Hagerstown Union Rescue Mission $ 11,690.00
Life Outreach Intemational $ 11,690.00
Save The Children $ 5,845.00
Feed The Children $ 5,845.00
TOTAL DISTRIBUTIONS OF PRINCIPAL S 93,520.00
RECEIPTS OF INCOME
13D Activist Fund CI
9/16/2013 Short-term cap gain-Reinvestment $1.88
12/16/2013 Short-term cap gain-Reinvestment $185.93
12/16/2013 Long-term cap gain-Reinvestment $23.27
Albany Intl Corp New
7/8/2013 Dividend $22.50
10/7l2013 Dividend $22.50
CTS Corporation
8/2/2013 Dividend $17.50
Devon Energy Corp
12/31/2013 Dividend $11.00
3/31/2014 Dividend $11.00
Ecolab Inc
7/15/2013 Dividend $23.00
F8M Trust Account#34-25150
7/16I2013 Interest $0.10
8/16/2013 Interest $0.10
9/16/2013 Interest $0.11
10/16/2013 Interest $0.10
11/16l2013 Interest $0.10
12/16/2013 Interest $0.10
t/16/2014 Interest $0.10
2/16/2014 Interest $0.10
3/16/2014 Interest $0.10
4/16/2014 Interest $0.10
5/16/2014 Interest $0.10
6/16/2014 Interest $0.10
Page 5
Fidelity Real Estate Investment
9/6/2013 Dividend-Reinvestment $98.21
Las Vegas Sands Corp
12/31/2013 Dividend $17.50
Medtronic Inc
7/26/2013 Dividend $28.00
10/25/2013 Dividend 28.00
Midland National Life Ins.Co.Policy#8500379133
7/16/2013 Interest 243.68
12/13/2013 Interest 487.36
5122/2014 Interest 609.20
Money Market
7/31/2013 Interest $0.05
8/30/2013 Interest $0.02
9/30/2013 Interest $0.35
10/31/2013 Interest $0.08
Morgan Stanley DW DISC
7/1/2013 Interest $59.45
7/29/2013 Interest $57.53
8/29/2013 Interest $59.45
9/30/2013 Interest $59.45
10/29/2013 Interest $57.53
11/29/2013 Interest $59.45
12/30/2013 Interest $57.53
1/29/2014 Interest $59.45
2/28/20141nterest $ 57.53
3/31/2014 Interest 55.62
4/29/2014 Interest 59.45
5/29/2014 Interest 57.53
6/30/2014 Interest 59.45
Robeco Boston Prtns
12/19/2013 Long-term cap gain-Reinvestment $128.99
Suntrust Banks Inc
9/16/2013 Dividend $20.00
Tootsie Roil Inds
7/5/2014 Dividend 16.48
Vanguard Intl Equity
12/27/2013 Dividend 79.20
ViAus Multi Sector
6/28/2013 Dividend-Reinvested $17.40
7/31/2013 Dividend-Reinvested $18.65
8/30/2013 Dividend-Reinvested $19.90
9/30/2013 Dividend-Reinvested $17.60
10/31/2013 Dividend-Reinvested $18.87
11/29/2013 Dividend-Reinvested $19.51
12/31/2013 Dividend-Reinvested $18.91
1/31I2013 Dividend-Reinvested $21.37
2/28/2014 Dividend-Reinvested $27.55
3/31/2014 Dividend-Reinvested $25.81
4/30/2014 Dividend-Reinvested $27.85
5/30/2014 Dividend-Reinvested $46.25
TOTAL RECEIPTS OF INCOME 53,116.00
Page 6
COMBINED BALANCE ON HAND
Fiduciary Unrealized Market Value
Fidelity Securities Account#4516-7202 Acquisition Val Gain/Loss As of 6/30/14
$ -
$ -
10000 sh Morgan Stanley DW Disc $ 9,900.00 $ 212.50 $ 10,112.50
520.760 sh 13D Activist Fund $ 7,311.08 $ 1,724.10 $ 9,035.18
2354.003 sh Robeco Boston Prtns Lg/Sh Research $ 31,128.99 $ 3,945.65 $ 35,074.64
3910.978 sh Virtus Multi Sector Short Term Bond $ 19,194.00 $ 48.01 $ 19,242.01
Money Market $ 520.88 $ - $ 520.88
$ 68,054.95 $ 5,930.26 $ 73,985.21
F&M Trust Account#11-37158 $ 2,750.79 $ 2,750.79
F&M Trust Account#34-25150 $ 2,419.21 $ 2,419.81
Baric Scherer LLC-Plough Trust Account $ 45.86 $ 45.86
Behringer $ 6,450.00 $ (4,520.00) $ 1,930.00
AMReit $ 5,510.00 $ (203.00) $ 5,307.00
House $ 78,830.93 $ - $ 78,830.93
Midland National Life Ins.Co.Policy#8500379133* $ 53,193.53 $ (14,785.13) $ 38,408.40
UNREALIZED GAINS/LOSSES S (13,577.87)
TOTAL COMBINED VALUE ON HAND $203,678.00
'estimated commutable value
FEESICOMMISSIONS TO BE PAID
1 Antonio Santana-Trustee fee from 7/1/2073 to 6/30/20t4 $ 1,000.00
2 Baric Scherer LLC-tax preparation of 2014 trust federai/state income tax returns and 1041-A charitabie return. $ 750.00
3 Baric Scherer LLC-legalfeesfor preparation oftrust 4th partialaccounting ending 6/30/2014 $ 1,500.00
S 3,250.00
COMBINED VALUE AFTER FEESICOMMISSION PAID S 200,428.00
PROPOSED DISTRIBUTION TO BENEFICIARIES
Jack Van Impe Ministries $ 9,125.00
Perry Stone Ministries $ 9,125.00
Gods New Behind The News $ 9,125.00
John Hagee Ministries $ 9,125.00
Benny Hinn Ministries $ 9,125.00
Hagerstown Union Rescue Mission $ 9,125.00
Life Outreach Intemational $ 9,125.00
Save The Children $ 4,562.50
Feed The Children $ 4,562.50
TOTAL PROPOSED DISTRIBUTIONS S 73,000.00
Respectfully submitted,
IC SCHERER L
Tri ia D.Naylor,Esquire
I.D lt 83760
19 West South Street
Carlisle,PA 17013
(717)249-6873
Page 7
VERIFICATION
Antonio Santana, Trustee of The George H. Plough Trust, hereby declares under
oath that he has fully and faithfully discharged the duties of his office; that the foregoing
Fourth and Partial Account is true and correct and fully discloses all significant
transactions occurring during the accounting period; that all known claims against the
trust have been paid in full; that, to his knowledge, there are no claims outstanding
against the trust; that all income taxes presently due from the Trust have been paid,
and that all inheritance tax has been paid. This statement is made subject to the
penalties of 18 Pa.C.S.A. section 4904 relating to unsworn falsification to authorities.
Date: -�
.�
Antonio Santana
VERIFICATION UNDER CCRP 6.3-1
I hereby certify that on September �, 2014, I mailed the notice of the time and
place of the presentation of the above account and proposed distribution, along with a
copy of the account and proposed statement of distribution, by first class mail, postage
prepaid, as follows:
Save The Children Benny Hinn Ministries
c/o Linda H. Autrey, Paralegal P.O. Box 162000
Holland& Knight Irving, TX 75016
1201 W. Peachtree Street,NW
One Atlantic Center, Suite 2000 John Hagee Ministries
Atlanta, GA 30309-3400 Attn: Mark Dwyer
239 N. Loop 1604 West
San Antonio, TX 78232
Gods News Behind The News
Attn: Kay Vankoeuring Life Outreach International
4354 First Avenue North Attn: Vaughn Peak
St. Petersburg, FL 33713 P.O. Box 982000
Ft. Worth, TX 76182
Hagerstown Rescue Mission
Attn: Becky Shank Jack Van Impe Ministries
P.O. Box 685 Attn: Willia Derenge
Hagerstown, MD 21741 P.O. Box 7004
Troy, MI 48007
Life For Today
c/o Life Outreach International Feed The Children
Attn: Vaughn Peak Attn: Bob Brown
P.O. Box 982000 333 North Meridian Avenue
Ft. Worth, TX 76182 Oklahoma City, OK 73107
PerryStone(Manna Fest) Antonio Santana aka Tony Santana
Voice of Evangelism Outreach Ministries 1556 Newville Rd.
Attn: Susan Mason Carlisle, PA 17015
P.O. Box 3595
Cleveland, TN 37320
John L. Downing, Deputy Attorney General
Charitable Trust And Organizations Section
Office Of Attorney General
14th Floor, Strawberry Square
Harrisburg, Pennsylvania 17120
T icia D. Nay r, Esqu