HomeMy WebLinkAbout04-21-15 ANNUAL REPORT OF q
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Estate of �oan Schrader , an Incapacitated Person
No. 21-13-00168
L INTRODUCTION
Manufacturers and Traders Trust Company ("M&T Bank") ,was appointed
�Plenary �Limited Guardian of the Estate by Decree of Thomas A. Placey J,�
�
dated June 28, 2013
� A. This is the Annual Report for the period from July 22 2013
to Julv 9 , 2014 (the ``Report Period"); or
� B. This is the Final Report for the period from ,
to , (the "Report Period"), and is filed
for the following reason:
1. The death of the Incapacitated Person. Date of death:
Name of Personal Representative:
2. The Guardianship was terminated by the Court by Decree of
J., dated
Form G-02 rev. 10.13.06 Page 1 of 5
�
. �
Estate of Joan Schrader , An Incapacitated Person
II. SUMMARY
A. State the value of the estate reported on the Inventory $ 2,226,727.61
B. State the value(s) of principal assets at the beginning of
the Report Period. (Same as Inventory if first Report,
otherwise, ending balance from last Report.) $ 2,226,727.61
C. What is the total amount of income earned during the
Report Period? $ 78,932.26
D. What is the total amount of income and principal
spent for all purposes during the Report Period? $ 224,476.97
E. What are the balances remaining at the end of the Report
Period?
l. Principal $ 2,103,415.25
2. Income $ 11,871.64
3. Total of Principal and Income $ 2,115,286.89
IIL ADDITIONAL INFORMATION
(If more space is needed,please attach additional pages.)
A. Principal .
1. How is the principal balance listed above currently
invested? (Please specify, e.g., real estate,
certificates of deposit, restricted bank accounts, etc.):
Stocks, Tax-Free Municipals and Mutual Funds
2. Have there been any expenditures from the prii�cipal
during the Report Period? . . . . . . . . . . . . . . . . . . . . . . . . . . . . �Yes �No
If yes:
a. Have all expenditures from the principal been for
the sole benefit of the Incapacitated Person? . . . . . . . . �Yes �No
Form c-oz rev.10.13.06 Page 2 of 5
Estate of Joan Schrader , An Incapacitated Person
b. List purpose and amount of expenditures:
Legal Fees $ 26,752.73
Taxes $ 1,934.67
Administrative Expenses $ 14,825.00
Distributions $ 114,203.95
c. Was Court approval received prior to
expending the principal? . . . . . . . . . . . . . . . . . . . . . . . �Yes ❑No
3. Were additional principal assets received during the
Report Period which were not included in the
Inventory or a prior Report filed for the Estate? . . . . . . . . . . . ❑Yes �No
If yes:
a. Was Court approval requested prior to
receiving the additional principal? . . . . . . . . . . . . . . . . ❑ Yes ❑No
b. State the sources and amounts of the
additional principal received:
$
$
$
$
$
B. Income
l. State sources and amounts of income received
during the Report Period(e.g., Social Security,
pension, rents, etc.):
Investment Earnings $ 78,932.26
$
$
$
�
$
Total income received during Report Period: $ 78,932.26
Form c-oz ,-ev. �o.r3.o6 Page 3 of 5
Estate of Joan Schrader , An Incapacitated Person
2. How is income currently invested? (Please
specify, e.g., restricted bank accounts, client
care account, etc.):
Reinvested in a money market fund
C. Expenses for Care and Maintenance
Specify what expenditures were made from the principal and
income for the care and maintenance of the Incapacitated
Person (e.g., clothing, nursing home, medicine, support, etc.):
All bills including utilities, medical, taxes, maintenance and.support$103,965.25
D. Other Expenditures
Specify what other expenditures were made during the Repart
Period. (Do not include any items stated in response to
question C above.)
Regular Court Authorized distributions to Joan Schrader �54,307.77
E. Guardian's Commissions
List amounts of compensation paid as Guardian's commission
and state how amount was determined:
Court
Amount Method of Determination Approval Obtained
30,634.51 RegularFee Schedule �Yes ❑No
0 Yes �No
FormG-02 rev. l0.13.06 Page 4 of 5
Estate of Joan Schrader , An Incapacitated Person
F. Counsel Fee
List amounts paid as counsel fee, and indicate whether Court approval was obtained.
Court
Amount Approval Obtained
26,452.73 �Yes ❑No
�Yes ❑No
I verify that the foregoing information is correct to the best of my knowledge,
information and belief; and that this Verification is subject to the penalties of 18 Pa.C.S. § 4904
relative to unsworn falsification to authorities.
ylls/ts ��
Date ature of Guardian nf the Estate
James A. Smiley, Vice President
Name of Guardian of t{ze E'state(rype or print)
M&T Bank, 1 West High Street
adcrress
Carlisle, PA 17013
Ciry,State,Zdp
(717) 240-4505
Teleplione
Form c-oz reti�. l0.13.06 Page 5 of 5