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HomeMy WebLinkAbout10-20-14 (2) FAMILY SETTLEMENT AGREEMENT THIS AGREEMENT by and between George Andrew Flaccus individually and Robyn L. Cardamone Personal Representative of the Estate of Robert W. Flaccus, Deceased, of Register of Wills File No. "2012-00183, Cumberland County, Pennsylvania. WHEREAS, Robert W. Flaccus, who resided at 245 Winding Way, Camp hill, Cumberland County, Pennsylvania, died on January 23, 2012 having left his/her Last Will and Testament dated September 9th, 2009, which was duly admitted to probate by the Probate Clerk of Cumberland County on February 16, 2012; and WHEREAS, Robyn L. Cardamone has been duly appointed as Personal Representative of the Estate of Robert W. Flaccus, Deceased; and WHEREAS, the Parties in interest under the Last Will and Testament of Robert W. Flaccus, Deceased, are: George Andrew Flaccus c3 _ Robyn L. Cardamone © —a 7 C: n 00 WHEREAS, each of the parties to this Agreement has been furnished with a complete'.Iisting7of f -f c� �. -4: r-I estate assets, receipts and disbursements as set forth on the First and Final Accounting 33s=attacc ed hereto and marked as Exhibit "A"; and r r�.> � WHEREAS, it is the desire of the parties to this Agreement that final distribution of this,estate Pe rte-- rn accomplished without a formal accounting to the Commonwealth of Pennsylvania Orphan's C04*' it being the desire of the parties to avoid the expense, delay and publicity of a formal accounting; and WHEREAS, the parties to this Agreement each acknowledge to have received a First and Final Accounting, which includes a summary of distributions in accordance with the Last Will and Testament attached hereto and marked as Exhibit "A"; and NOW, THEREFORE, WITNESSETH, in consideration of the mutual promises, covenants and agreements recited herein the parties do agree as follows: 1. Each of the parties to this Agreement does hereby release and forever discharge Robyn L. Cardamone, Personal Representative, from any and all liability which may from time to time arise in connection with her service as Personal Representative of the Estate of Robert W. Flaccus, Deceased. The parties do further agree to indemnify and hold harmless said Robyn L. Cardamone, Personal Representative, from any and all liability which may arise against the estate from creditors or other claimants. 2. Each of the parties does hereby acknowledge receipt of the assets described in the First and Final Accounting attached hereto. Page 1 of 2 FAMILY SETTLEMENT AGREEMENT 3. Each party buthis Agreement acknowledges that this Agreement shall be indexed and recorded in the estate proceedings and that the terms hereof shall be binding upon their respective heirs, successors, administrators, and assigns. 4. This Agreement shall be governed by the laws of Pennsylvania. Dated at _� this day of , 20 . George Andrew F|accus Date &,�'A -.-./ /n/ State of Pennsylvania State ofpennsyivai1ia ' ' County ofLycoming County of4ycoming Subscribed to �� Subscribed mn ' Orinted name Printed name Notary Public N�otery Public ^~^^^' w�comm/�mn��n� ""=°� wycmmmummn��"� ������ Page 2of2 EXHIBIT A IN COMMONWEALTH OF PENNSYLVANIA CUMBERLAND COUNTY REGISTER OF WILLS FILE NO. 2012-00183 FIRST AND FINAL ACCOUNT OF ROBYN L. CARDAMONE, EXECUTRIX For ESTATE OF ROBERT W. FLACCUS, DECEASED Date of Death: 1/23/2012 Date of Executrix's Appointment: 2/16/2012 Date of First Complete Advertisement: 3/2/2012 Accounting for the period: 1/23/2012 to 7/31/2013 Purpose of Account:The Executor offers this Account to acquaint interested parties with the transactions that have occurred during the Administration. It is important that the Account be carefully examined. Requests for additional information, questions or objections can be discussed with: Robyn L. Cardamone 449 Woodcest Drive Mechanicsburg, PA 17050 (717) 889-1974 Page 1 of 9 SUMMARY OF ACCOUNT PRINCIPAL Page Receipts 3 $ 86,621.98 Net Gains on Sales or Disposition 4 1,410.70 $ 88,032.68 Less Disbursements: Debts of Decendent 5 2,187.61 Funeral Expenses 5 6,690.90 Administration Expenses 5 158.10 Federal, State & Local Taxes 5 17,487.44 26,524.05 Prinicpal Balance on Hand before Income and Distributions $ 61,508.63 INCOME Receipts 6 885.01 Income Balance on Hand 885.01 Balance Before Distributions 62,393.64 Distributions to Beneficiaries 62,393.64 COMBINED BALANCE ON HAND $ - For Information: Principle Balance on Hand 7 Change in Principal Holdings 8 Verification 9 Page 2 of 9 PRINCIPAL RECEIPTS Asset Listed in Inventory (Valued as of Date of Death) Bank Accounts Scottrade Money Market $ 3,474.99 PSECU Checking Account 796.96 PSECU Savings Account 505.89 PSECU Money Market Account 1,254.92 PSECU Christmas Account 1.32 John Hancock Safe Access Account 1,503.87 $ 7,537.95 Common Stocks 188.47 Shs.Frontier Communications(FTR) 929.34 Mutual Funds 212.95 Shs.AKRE Focus Fund Retail 2,926.35 1,816.53 Shs.Doubline Total Return Bond CL N 20,181.65 59.137 Shs.Gabelli Asset Fund 2,939.11 216.598 Shs.Vanguar FTSE All World Ex US 3,602.02 1,025.28 Shs.Vanguard GNMA Mutual Fund 11,339.56 268.416 Shs.Vanguard International Growth 4,729.49 557.605 Shs.Vanguard Short Term Investment Grade 5,955.22 453.211 Shs.Vanguard Total Stock Market 14,897.05 499.622 Shs.Vanguard/Wellesley Income 11,584.24 78,154.69 Total Principle Receipts $ 86,621.98 Page 3 of 9 PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS Amount Gain/(Loss) 3/6/2012 212.054 Shs AKRE Focus Fund Retail Net Proceeds $ 3,090.83 Acquisition Value 2,926.35 $ 164.48 3/6/2012 1827.042 Shs Doubline Total Return Bond CL N Net Proceeds 20,406.33 Acquisition Value 20,298.65 107.68 3/6/2012 Sold 59.137 Shs Gabelli Asset Fund Net Proceeds 3,002.49 Acquisition Value 2,939.11 63.38 3/6/2012 Sold 216.598 Shs Vanguard FTSE All World Ex US Net Proceeds 3,742.64 Acquisition Value 3,602.02 140.62 3/6/2012 Sold 1030.369 Shs Vanguard GNMA Mutual Fund Net Proceeds 11,348.58 Acquisition Value 11,395.92 (47.34) 3/6/2012 Sold 268.416 Shs Vanguard International Growth Net Proceeds 4,934.06 Acquisition Value 4,729.49 204.57 3/6/2012 Sold 559.999 Shs Vanguard Short Term Investment Grade Net Proceeds 5,988.59 Acquisition Value 5,980.93 7.66 3/6/2012 Sold 453.211 Shs Vanguard Total Stock Market Net Proceeds 15,471.88 Acquisition Value 14,897.05 574.83 3/6/2012 Sold 499.622 Shs Vaguard/Wellesley Income Net Proceeds 11,779.06 3/6/2012 Acquisition Value 11,584.24 194.82 Total Gain/(Loss) $ 1,410.70 Page 4 of 9 DISBURSEMENTS OF PRINCIPAL Debts of Decendent 1/19/2012 Spartan Pharmacy 42.55 1/23/2012 Holy Spirit Hospital 114.75 1/27/2012 Coventant Central Presbyteria 75.00 1/30/2012 West Shore EMS 121.09 1/23/2012 Hampden Physician Associates 45.00 2/2/2012 USPS 2.00 2/22/2012 Hampden Physician Associates 15.00 2/29/2012 Spartan Pharmacy 54.74 3/6/2012 Holgate Podiatr PLLC 40.00 3/9/2014 Lower Allen EMS 125.00 3/9/2012 West Shore EMS 1,017.26 3/26/2012 Lower Allen EMS 352.60 4/3/2012 Holy Spirit Hospital 42.50 4/19/2012 Coventry Health Care Inc. 100.12 5/21/2012 Arup K. Saha, M.D. 40.00 $ 2,187.61 Funeral Expenses 3/20/2012 Crouse Funeral Home 6,690.90 Administration Expenses 3/16/2012 Patriot News 95.66 8/15/2012 Cumberland County Register of Wills 62.44 158.10 Federal State and Local Taxes 4/6/2012 PA Dept of Revenue 17,440.00 3/4/2013 PA Dept of Revenue 47.44 17,487.44 Total Disbursements $ 26,524.05 Page 5 of 9 RECEIPTS OF INOCOME Amount Scottrade Brokerage Account Interest and Dividends Received 01/23/12-03/31/12 $ 263.92 John Hancock Safe Access Account Interest Received 01/23/2012-03/06/2012 3.33 PSECU Estate Account PA Property Rent Rebate 500.00 Interest Received 02/27/2012-09/07/2012 18.12 PSECU Account Rebate from Medco 98.11 01/23/2012-06/08/2012 1.53 Total Receipts of Income $ 885.01 Page 6 of 9 PRINCIPAL BALANCE ON HAND Value at 07/31/2012 Fiduciary Acquisition Value Bank Accounts Scottrade Money Market $ - $ 3,474.99 PSECU Checking Account - 796.96 PSECU Savings Account - 505.89 PSECU Money Market Account - 1,254.92 PSECU Christmas Account - 1.32 PSECU Estate Checking Account 62,393.64 - John Hancock Safe Access Account - 1,503.87 62,393.64 7,537.95 Common Stocks 188.47 Shs. Frontier Communications (FTR) - 929.34 Mutual Funds 212.95 Shs.AKRE Focus Fund Retail - 2,926.35 1,816.53 Shs. Doubline Total Return Bond CL N - 20,181.65 59.137 Shs.Gabelli Asset Fund - 2,939.11 216.598 Shs.Vanguar FTSE All World Ex US - 3,602.02 1,025.28 Shs.Vanguard GNMA Mutual Fund - 11,339.56 268.416 Shs.Vanguard International Growth - 4,729.49 557.605 Shs.Vanguard Short Term Investment Grade - 5,955.22 453.211 Shs.Vanguard Total Stock Market - 14,897.05 499.622 Shs.Vanguard/Wellesley Income - 11,584.24 78,154.69 Total $ 62,393.64 $ 86,621.98 Page 7 of 9 CHANGES IN PRINCIPAL HOLDINGS Dividends Mutual Funds Acquisition Value Reinvested Gain/Loss Proceeds from Sale Fiduciary Acquisition-212.95 Shs.AKRE Focus Fund Retail $ 2,926.35 Dividend Reinvest 0.896 3/6/2012 Sold 212.054 Shs $ 164.48 $ 3,090.83 Fiduciary Acquisition-1,816.53 Shs.Doubline Total Return Bond CL N 20,181.65 Dividend Reinvest 10.512 117.00 3/6/2012 Sold 1827.042 Shs 107.68 20,406.33 Fiduciary Acquisition-59.137 Shs.Gabelli Asset Fund 2,939.11 3/6/2012 Sold 59.137 Shs 63.38 3,002.49 Fiduciary Acquisition-216.598 Shs.Vanguar FTSE All World Ex US 3,602.02 3/6/2012 Sold 216.598 Shs 140.62 3,742.64 Fiduciary Acquisition-1,025.28 Shs.Vanguard GNMA Mutual Fund 11,339.56 1/31/2012 Dividend Reinvest 2.536 28.12 2/29/2012 Dividend Reinvest 2.556 28.24 3/6/2012 Sold 1030.369 Shs (47.34) 11,348.58 Fiduciary Acquisition-268.416 Shs.Vanguard International Growth 4,729.49 3/6/2012 Sold 268.416 Shs 204.57 4,934.06 Fiduciary Acquisition-557.605 Shs.Vanguard Short Term Investment Grade 5,955.22 1/31/2012 Dividend Reinvest 1.234 13.24 2/29/2012 Dividend Reinvest 1.16 12.47 3/6/2012 Sold 559.999 Shs 7.66 5,988.59 Fiduciary Acquisition-453.211 Shs.Vanguard Total Stock Market 14,897.05 3/6/2012 Sold 453.211 Shs 574.83 15,471.88 Fiduciary Acquisition -499.622 Shs.Vanguard/Wellesley Income 11,584.24 3/6/2012 Sold 499.622 Shs 194.82 11,779.06 Total $ 78,154.69 $ 199.07 $ 1,410.70 $ 79,764.46 Page 8 of 9 VERIFICATION Robyn L [andannone' Executor of the Will of Robert W. F|accus, Deceased, herby declares under oath that she has fully and faithfully discharged the duties nfher office; that the forgoing First and Final Account is true and correct and fully discloses all significant transactions occurring during the accounting period; that all known claims against the Estate have been paid in full; that all taxes pnasenta|ydue from the Estate have been paid; and that the grant ofLetters Testamentary and the first complete advisement thereof occurred more than four months before the filing of the foregoing First and Final Account. This statement is made subject to penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. V Robyn L.Cardamone Dated: 16L State odPennnyknmfia Qounty of4«oming Subscribed to before eontheOl-ida Notary Pubfic]hag W' A ' (SEAL) My Commission expires- NOTARIAL SEAL DAVID 0.KOCH,NOTARY PUBLIC CITY OF WILLIAMSPORT,LYCOMING COUNTY MY COMMISSION IDWIRES SEPTEMBER 2,2018 Page 9nf9