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Home My WebLink About12-24-14 (2) ESTATE OF LETHA E. LEEDY File No. 21-14-0109 FAMILY SETTLEMENT AGREEMENT THIS AGREEMENT made this2Z��ay of , 2014, BETWEEN: GARY L. LEEDY and JAYNEE C. LEEDY, being the heirs-at- law of Letha E. Leedy, late of the Township of Southampton, Cumberland County, Pennsylvania, AND GARY L. LEEDY and JAYNEE C. LEEDY, Co-Administrators of the Estate of Letha E. Leedy, deceased, WHEREAS, Letha E. Leedy died December 21, 2013, intestate; and WHEREAS, Letters of Administration were granted to Gary L. Leedy and Jaynee C. Leedy on February 5, 2014, by the Register of Wills of Cumberland County, Pennsylvania; and Mw WHEREAS, all assets of the late Letha E. Leedy have been liquidated or �„� � o � o� distributed and all her debts paid in full; and �� U �'o � ° Q � WHEREAS, the period of four months having been terminated since the first � �� d.., o o c� .—+ o� advertisement of the issuance of Letters to the said Co-Administrators, the said parties �� U hereto desire to waive the duty of the Co-Administrators to file a First and Final Account with Proposed Schedule of Distribution for purposes of confirmation by the Court of Common Pleas of Cumberland County, Orphan's Court Division, AND FURTHER f , � y WEIGLE & ASSOCIATES, P.C. - ATTORNEYS AT LAW - 1Z6 EAST KING STREET - SHIPPENSBURG, PA 172.57-1397 desire that a Family Settlement Agreement be executed, which Family Settlement Agreement will be duly recorded among the deed records in and for Cumberland County. NOW, THEREFORE, WITNESSETH, that the parties hereto, in consideration of the premises above stated, and of the Accounting and Proposed Schedule of Distribution attached hereto and made a part hereof, and the receipt of their distributive shares as therein shown, do bind themselves to the said Distribution and Accounting as set forth and further mutually release Gary L. Leedy and Jaynee C. Leedy, Co-Administrators, from all claims and demands whatsoever arising out of settlement of the Estate of Letha E. Leedy. The parties hereto do further agree that should any liability come due to the estate of the said decedent after the signing of this agreement, they do hereby covenant and agree with the aforesaid personal representatives that they will contribute pro rata their shares of the estate to satisfy any and all claims, demands, suits, or causes of action which may be successfully prosecuted against the said estate or the aforesaid personal representatives after the signing, sealing and delivery of this family settlement agreement and final release. IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the day and year first above written. WITNESS: � � r- �l � � (SEAL) Gary . Leedy � � Y (SEAL) J ynee C. Le WEIGLE & ASSOQATES, P.C. - ATTORNEYS AT LAW - 126 EAST KING STREET - SHIPPENSBURG, PA 17257-1397 COMMONWEALTH OF PENNSYLVANIA : : SS COUNTY OF CUMBERLAND : ;�c( On this, the t��' � r day of ,,��.c�_L,�..�..s--ti_ , 2014, before me, the undersigned officer, personally appeared GARY L. LEEDY and JAYNEE C. LEEDY, known to me (or satisfactorily proven) to be the persons whose names 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. ��. _r,;: � ..(,�.�.�, ��` ; f��Lt�� (SEAL) Natari�!��I Linc+a K,r;a�;r:, `ti�tary Public 5hipp�rasburg, P�C�mberland Gounty M Commissian Ex�ires Autust f 5,2016 WEIGLE & ASSOCIATES, P.C. - ATTORNEYS AT LAW - 126 EAST KING STREET - SHIPPENSBURG, PA 17257-1397 In the Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. 21-14-0109 Estate of Letha E. Leedy, Deceased Late of Township of Southampton First and Final Account Gary L. Leedy and Jaynee C. Leedy, Administrators Date of Death: 12/21/2013 Date of Incapacity, if any: None Date of Administrators'Appointment: 02/05/2014 Date of First Complete Advertisement: 03/07/2014 Accounting for the period: 12/21/2013 to 12/18/2014 Purpose of Account: Gary L. Leedy and Jaynee C. Leedy,Administrators, offer 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 or questions or objections can be discussed with: Jerry A.Weigle Esquire Weigle 8�Associates, P.C. 126 East King Street Shippensburg, PA 17257 717/532-7388 Supreme Court I.D. No. 01624 SCHEDULE C DISBURSEMENTS OF PRINCIPAL Debts of Decedent 02/19/2014 Chambersburg Hospital 1,218.92 02/19/2014 Chambersburg Imaging Associates 3.81 02/19/2014 Fayetteville Volunteer Fire 153.00 02/19/2014 Shippensburg Area EMS 215.02 02/19/2014 Southampton Township 43.74 02/19/2014 Summit Physician Services 94.02 02/19/2014 West Shore EMS 983.46 03/06/2014 Vivian F.Coy,Tax Collector 293.51 08/19/2014 Summit Physician Services 20.42 Total Debts of Decedent 3,025.90 Funeral Ex eq nses 02/19/2014 Fisher's Florist 185.50 02/19/2014 Fogelsanger-Bricker Funeral Home 9,175.40 02/19/2014 Parklawns Memorial Gardens 335.00 Total Funeral Exoenses 9,695.90 Administration Ex ep nses 02/05/2014 Register of Wills, Cumberland County-Letters of 313.50 Administration and Short Certificates 02/05/2014 Register of Wills,Cumberland County-payment in 15.00 advance for filing of PA Inheritance Tax Return 02/19/2014 Cumberland Law Journal-advertising Letters of 75.00 Administration 02/19/2014 Sailhamer Real Estate-market analysis 125.00 04/14/2014 News Chronicle-advertising Letters of 129.50 Administration 05/08/2014 Register of Wills,Cumberland County-2 Short 10.00 Certificates 05/29/2014 M&T Bank-drilling open safe deposit box 150.00 - 5 - SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued 06/05/2014 M&T Bank-service charges on estate checking 29.90 account 06/20/2014 Register of Wills, Cumberland County-1 Short 5.00 Certificate 10124/2014 South Central Home Settlements -preparation of 95.00 executors'deed 10/27/2014 South Central Home Settlements-deed recording 80.00 cost for Recorder of Deeds,Cumberland County 12/18/2014 Linda K. Klein -notary fee 22,00 12/18/2014 Weigle&Associates, P.C. -cost of filing Family 75.00 Settlement Agreement with Register of Wills, Cumberland County 12/18/2014 Weigle 8�Associates, P.C. -reimbursement for 50.00 postage,xerox copies,and long distance telephone calls Total Miscellaneous Administrative Exnenses 1,174.90 Federal, State, and Local Taxes 03/18/2014 Register of Wills,Cumberland County-PA 6,000.00 inheritance tax payment at discount 06/20/2014 Register of Wills, Cumberland County-PA 89.18 inheritance tax balance due Total Taxes 6,089.18 Fees 02/19/2014 Weigle&Associates, P.C. 8,469.00 Total Fees 8,469.00 Familv Exem tp ion 12/18/2014 Gary L. Leedy 3,500.00 Total Familv Exemntion 3,500.00 - s - SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued TOTAL DISBURSEMENTS OF PRINCIPAL 31,954.88 - 7 - SCHEDULE D DISTRIBUTIONS OF PRINCIPAL Gary L. and Jaynee C. Leedv 07/08/2014 Residence at 557 Britton Road-In Kind 51,000.00 51,000.00 Gary L. Leedv 10/14/2014 Partial Distribution-CASH 2O,000.00 20.000.00 Jaynee C. Leedv 08/26/2014 Partial Distribution-CASH 1,500.00 09/02/2014 Partial Distribution-CASH 2O,000.00 10/21/2014 Partial Distribution -CASH 2O,000.00 41,500.00 TOTAL DISTRIBUTIONS TO BENEFICIARIES 112,500.00 - 8 - PRINCIPAL BALANCE ON HAND Current Value Fiduciaryr 12/18/2014 Acquisitian # Units Description or as Noted Value �ash Estate Checking Account 25,784.90 25,78�.90 Total Cash 25,784.90 25,784.90 25,784.90 25,784.90 - 9 - SCHEDULEF CHANGES IN PRINCIPAL HOLDINGS # ni Cost Residence at 557 Britton Road 12/21/2013 Inventoried 51,000.00 07/08/2014 Distri buted -51,000.00 0.00 Total o.00 - 10 - SCHEDULE G RECEIPTS OF INCOME Interest/Bank M &T Bank Certificate of Deaosit 5933 01/06/2014 0.58 02/06/2014 0.85 03/06/2014 0.76 04/06/2014 0.85 05/06/2014 0.83 06/06/2014 0.85 06/19/2014 final interest at closing 0.35 5.07 M & T Bank Certificate of Deaosit 5967 12/31/2013 0.41 01/31/2014 0.85 02/28/2014 0.77 03/28/2014 0.85 04/28/2014 0•82 05/28/2014 0.85 06/19/2014 final interest at closing 0.52 5.07 M 8�T Bank Checking Account 6677 02/06/2014 interest date of death to closing 0.26 0.26 M & T Bank Savings Account 0851 02/24/2014 0.61 03/24/2014 �•27 04/24/2014 0.31 05/23/2014 �•28 06/19/2014 final interest at closing 0.25 1.72 - 11 - SCHEDULE G RECEIPTS OF INCOME Continued M 8�T Bank Savings Account 6606 06/19/2014 final interest at closing 5.74 5.74 TOTAL BANK INTEREST 17.86 TOTAL RECEIPTS OF INCOME 17.86 - 12 - INCOME BALANCE ON HAND Current Value Fiduciary 12/18/2014 Acquisition # Units Description or as Noted Value .ash Estate Checking Account 17.86 17.86 Total Cash 17.86 17.86 17.86 17.86 - 13 - COMBINED BALANCE ON HAND Current Value Fiduciary 12/18/2014 Acquisition # Units Description or as Noted Value .ash Estate Checking Account 25,802.76 25,802.76 Total Cash 25,802.76 25,802.76 25,802.76 25,802.76 - 14 - PROPOSED DISTRIBUTIONS TO BENEFICIARIES Current Value Fiduciary 12/18/2014 Acquisition or as noted Value TO: Gary L. Leedv One-Half of Residuary of$43,651.38-less prior distribution of 23,651.38 23,651.38 $20,000.00 23,651.38 23,651.38 TO: Javnee C. Leedy One-Half of Residuary of$43,651.38-less prior distributions of 2,151.38 2,151.38 $41,500.00 2,151.38 2,151.38 Total 25,802.76 25,802.76 - 15 - In the Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. 21-14-0109 Estate of Letha E. Leedy, Deceased Signatures �&�., ,y ��, Gary L. Le dy, Co- dminis ator AND Jayn C. eedy, Co-A ' istrato - 16 - In the Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. 21-14-0109 Estate of Letha E. Leedy, Deceased Verification Gary L. Leedy and Jaynee C. Leedy,Administrators under the Last Will and Testament of Letha E. Leedy, Deceased, hereby declare under oath that they have fully and faithfully discharged the duties of their office; that the foregoing 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,to his/her knowledge,there are no claims now outstanding against the Estate; that all taxes presently due from the Estate have been paid; and that the grant of Letters Testamentary and the first complete advertisement thereof occurred more than four months before the foregoing Account. This statement is made subject to penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. Dated: �Z— ZZ — �`"� ' Gary L. Le y, Co-Admi strator Dated: �Z— ZZ— �LO J ne C. Leedy, dmin' r tor - 17 -