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Home My WebLink About01-02-15 ;� i - I�'� -l � lb «, FAMILY SETTLEMENT,RELEASE AND INVENTORY PURSUAN�TO ORI�R � � DATED MAY 23,2014. � � � � � r`'� ° -_-= tn �tt IN �,r � � N _.� r� _ , . _: c� ESTATE OF RANDY R. KAUFFMAN,DECEASED � � {� ' , .., -�p • � `:-t _ �f � � THIS AGREEMENT, between MICHAEL S. KAUFFMAN, Administra�or for th� Es,�at� of Randy R. Kauffinan, deceased, and David A. Lauffer, a minor, and Alli �L. Lauffer,�mifl3r,-�,� beneficiaries,by and through their natural parent, Crystal Y. Peters. BACKGROUND l. Randy R. Kauffinan (hereinafter "Decedent"), late of New Cumberland Barough, Cumberland County,Pennsylvania, died intestate on November 15, 2013. 2. On December 19, 2013, Michael S. Kauffinan (hereinafter "Kauffinan") was appointed by the Register of Wills of Cumberland County as the Administrator of the Estate, Letters of Administration were issued in Cumberland County, Pennsylvania at number 21-13-1316. 3. On May 22, 2014, Michael S. Kauffinan was appointed guardian of the estate of David A. Lauffer, a minor, and Alli L. Lauffer, a minor. 4. The Administrator for Decedent's Estate advertised the grant of Letters Administration, prepared and filed a Pennsylvania lnheritance T� Return and paid the appropriate t�thereon. 5. The Administrator for Decedent's Estate paid all the taxes, debts and expenses of the Estate known to him, and has no knowledge of any unpaid claims, absolute or contingent, which may be asserted against the Estate nor does he have any reason to believe there are any such claims. 6. The Administrator for Decedent's Estate having completed the administration of the Estate, is ready to distribute the net assets of the Estate to the appointed guardian of the estate of David A. Lauffer, a minor, and Alli L. Lauffer, a minor,the intestate heirs. 7. An account reflecting all Estate receipts, disbursements and distributions is annexed hereto as Exhibit"A." 8. Kauffinan and Crystal Y. Peters, on behalf of both David A. Lauffer, a minor, and Alli L. Lauffer, a minor, desire this Family Settlement, Release and Inventory Pursuant to Court Order dated May 23, 2014 (hereinafter the "Agreement") make unnecessary the filing of an accounting in the Orphans' Court Division of the Court of Common Pleas of Cumberland County. 9. Crystal Y. Peters, on behalf of both David A. Lauffer, a minor, and Alli L. Lauffer, a minor, have been given the opportunity to review the books and records of the Administrator, summarized as the attached Inventory, and based upon such opportunity or examination, they have 8. With respect to any distributions of income or principal, which they have received, or will receive, agree to indemnify and hold harmless the Administrator, his personal representatives, heirs, successors and assigns, from any liability, loss or expense (including but not limited to costs and counsel fees), arising from any cause whatsoever, which may be incurred by the Administrator as a result of the administration of this estate or distribution in accordance with this Agreement including, but not limited to, any liability for any federal estate tax, Pennsylvania inheritance tax or any other death taxes and federal and state income taxes, together with any interest and costs incidental thereto, relating in any way to the Estate and also including, but not limited to, any assets received or payments or distributions made by reason of any negligence or mistake of fact or law; 9. Understand this Agreement may be signed in counterpart originals, all of which together shall be deemed to constitute one original; and 10. Agree this Agreement shall be governed by the laws of the Commonwealth of Pennsylvania. IN WITNESS WHEREOF, we agree to be bound hereby and have signed this agreement this 3/ day of December 2014. �:� �� MICHAEL S. KA MAN,Administrator CRYS AL Y. PETERS,natural parent of DAVID A. LAUFFER, a minor C STAL Y. PETERS,natural parent of ALLI L. LAUFFER, a minor EXHIBIT A SUMMARY OF ACCOUNT Assets: Sale Price of Residence - 331 Fifth Street, New Cumberland, PA 17070 $ 75,000.00 Adjustments— Pro-Rated 2013/14 Taxes &Refuse $ 764.71 Inheritance Tax—Barristers Land Abstract Escrow - ($2,733.71) Prudential Mutual Fund $ 15,934.14 PNC Bank Checking Account (XXX��X9075) $ 2,803.40 PNC Bank Saving Account (XXXXXX5195) $ 19,584.14 Erie Insurance Refund—Homeowners Insurance $ 341.50 Rowe's Auction—Net Proceeds Household Goods, Grand Am& Conversion Van $ 2,201.10 Comcast Refund Cable& Internet $ 81.00 Progressive Insurance Refund—Car Insurance $ 204.52 PPL Refund—Electric Service $ 3.43 Ohio National Life Assurance Life Insurance $ 50,932.01 John Hancock Investments $ 17,533.00 Total Assets $ 185,382.95 Income: Miscellaneous Income $ '7,25 TOTAL ASSETS: $ 185,390.20 Liabilities: Ohio National Life Insurance $ 25.00 David A. Lauffer and Alli L. Lauffer Partial distribution $ 200.00 New Cumberland Borough Sewer/Trash $ 236.24 PPL Electric Service $ 2'7g.(g PA American Water Water Service $ 113.90 Michael S. Kauffman Reimbursement—Furnace Repair Advanced by Executor $ 156.95 Verizon Phone Service $ 20.50 Comcast Cable & Internet Service $ 144.77 UGI Gas Service $ 673.85 Progressive Insurance Car Insurance $ 110.52 Erie Insurance Homeowners Insurance $ 488.50 Lori Buser Cleaning Service $ 400.00 Mike Norris Appraisal Fee $ 125.00 Matthew Houseknecht Snow Removal $ 100.00 Construxx, Inc. Plumbing Repairs $ 974.22 IRS 2013 Federal Income Tax $ 653.00 Heather's Pest Control Termite Treatment $ 842.70 Shane Boulder Trash Removal & Hauling $ 500.00 Miguel Correa, Painter Painting—Primary Residence $ 1,000.00 Reductions—Sale of Primary Residence (HUD-1) Commissions, Realty Transfer Tax, Other Lienable Items & Cumberland County Register of Wills, Inheritance Tax $ 6,964.11 Inheritance Tax $ 4,266.29 Funeral - Luncheon $ 78.63 Funeral - Myers-Buhrig Funeral Home & Crematory $ 6,342.00 Funeral - Myers-Buhrig Funeral Home & Crematory—Grave Marker $ 1,100.00 A to Z Tax Service—Preparation of 2013 Taxes $ 138.00 John Hancock Investments—Fee to wire funds into Estate account $ 15.00 Michael S. Kauffinan Administrator Fee in Estate of Randy R Kauffinan $ 5,675.00 Walters & Galloway, PLLC Attorney's Fee in Estate of Randy R. Kauffinan $ 2,837.50 Attorney's Fee in Estate of Randy R. Kauffinan (Reserved) $ 2,837.50 Probate Filing Fees (Reserved) $ 358.50 Patriot News—Advertise (Reserved) $ 120.45 Cumberland Law Journal—Advertise (Reserved) $ 75.00 Robin Gasperetti, Tax Collector—Tax Certification (Reserved) $ 10.00 Cumberland County Prothonotary Fee for Certified Divorce Decree (Reserved) $ 16.50 Santander Bank—Date of Death Balance (Reserved) $ 20.00 Cumberland County Register of Wills Fee for Petition of Guardianship (Reserved) $ 15.00 Total Liabilities: $ 37,913.31 Net Proceeds for Distribution: $147,476.89 DISTRIBUTION OF NET PROCEEDS Michael S. Kauffinan, as guardian for David A. Lauffer, a minor 50% $ 73,738.47 Michael S. Kauffinan, as guardian for Alli L. Lauffer, a minor 50% $ 73,738.47 Total Distribution: �147,476.94