HomeMy WebLinkAbout09-13-88
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IN THE ORPHANS' COURT OF
CUMBERLAND COUNTY, PENNSYLVANIA
!
I
ESTATE OF WILBUR H. FOUGHT
late of Mechanicsburg iBorough, Cumberland County,
Pennsylvania
,
First and ~inal Account of
Donald E. Fought and Ro~ert A. Fought, Administrators
D.BIN.C.T.A.
i
Estate No. 21-78-30
Date of Death:
January 13, 1978
January 23, 1978
February 9, 1987
March 25, 1987
April 28, May 5 & 12, 1988
May 6, 13, 20, 1988
January 23, 1978 to
August 31, 1988
Letters Granted:
, .
to Elizabeth M. Fought, Executr~x
,
Date of Death of Elizabeth M. Fought:
Letters D.B.N.C.T.A. Granted:
Dates of Publishing Notice in the
Carlisle sentinel:
Dates of Publishing Notice in
Cumberland Law Journal:
Accounting for the Period:
Purpose of Account: Donald! E. Fought and Robert A. Fought,
Administrators, D.B.N.C.T.A., offer this account to acquaint
interested parties with the' transactions that have occurred
during their administration. The Account also indicates the
proposed distribution of the E9tate.
It is important
for additional
discussed with:
that the account be carefully examined. Requests
information or questions or objections can be
Donald E. Fought, Administrator
~obert A. Fought, Administrator
c/o Charles E. Shields, III, Esq.
National Bank Building
Z West Main Street
Mechanicsburg, PA 17055
I
I
I
'110'"
LlSER Pt.GE
95
-L
,
.
proposed Distribution to
Beneficiaries
PRINCIPAL
Receipts
Less Disbursements:
Debts of Decedent
Funeral Expenses
Administration Expenses
Federal and state Taxes
Family Exemption
Fees and Commissions
Distributions of Income
and Invasion of Principal
SUMMARY OF ACCOUNT
Paae
Current
Value
. ..
Fiduciary
Acquisition
Value
$242,265.61
$341,544.81
$173,348.80
Balance on Hand for Distribution $242.265.61
8
$242,265.61
1-3
$341,544.81
4
4
4
4
4
4-5
$ _ 752.80
3,036.50
366.04
68,929.46
2,000.00
13 .132.79
5-7
lIBER 116 pm 96
,'i
RECEIPTS OF PRINCIPAL
Cash and Bank Instruments:
The First Bank and Trust Company of
Mechanicsburg, PA:
(a) Checking Acct. #121-315-6: $ 4,673.69
(b) Cert. of Deposit #3352 @
7 1/2% per annum: 20,000.00
Accrued interest to date of
death: 70.83
State Capital Savings & Loan Assn:
(a) Savings Acct. #0020001884: 10,936.23
Accrued interest to date of
death: 19.16
(b) Single payment Savings Cert.
#W6308 @ 7 1/2% per annum: 20,000.00
Accrued interest to date of
death: 50.06
(c) Term Cert. Savings Acct.
#002-20-10696 @ 7 1/2% per
annum: 10,000.00
Accrued interest to date of
death: 25.03
Carlisle Building & Loan Assn:
(a) Savings Cert. #2543 @ 7 1/2%
per annum: 20,000.00
Accrued interest to date of
death: 54.23
(b) Savings Cert. #3046 @ 7 1/2%
per annum: 21,500.00
Accrued interest to date of
death: 58.30
Cumberland County National Bank and
Trust Company:
(a) Income Cert. #10286 @ 7 1/4%
per annum: 11,000.00
Accrued interest to date of
death: 4.43
Interest check dated Jan. 11,
1978: 66.46
Cumberland Valley savings & Loan Assn:
(a) Savings Cert. #6684130 @
7 1/2% per annum: 23,000.00
Accrued interest to date of
death: 61.51
(b) Savings Cert. #6691951 @
7 3/4% per annum: 2,000.00
Accrued interest to date of
death: 5.53
-1-
UBER 116 PhGE 97
T., "
,"".
Cash and Bank Instruments Cont'd.
Dauphin Deposit Bank & Trust Co:
(a) Cert. of Deposit #352 @ 7%
per annum: $20,000.00
Accrued interest to date
of death: 58.41
First Federal Savings & Loan Assn:
(a) Savings Cert. #745 @ 7 1/2%
per annum: 31,000.00
Accrued interest to date of
death: 76.51
(b) Cert. Savings Acct.
#17-19323 @ 6 1/2% per annum: 3,000.00
Accrued interest to date of
death: 6.42
(c) Savings Cert. #5518 @ 7 1/2%
per annum: 2,000.00
Accrued interest to date of
death: 4.94
(d) Savings Cert. #5893 @ 7 1/2%
per annum: 2,000.00
Accrued interest to date of
death: 4.94
Harris Savings Association:
(a) Savings Cert. #110928 @
7 1/2% per annum: 22,000.00
Accrued interest to date of
death: 59.64
West Shore Savings & Loan Assn:
(a) Savings Cert. #0139 @ 7 1/2%
per annum: 15,000.00
Accrued interest to date of
death: 40.69
(b) Savings Cert. #000780 @
7 3/4% per annum: 18,000.00
Accrued interest to date of
death: 50.44
York Federal Savings & Loan Assn:
(a) Savings Cert. #13045 @ 7 1/2%
per annum: 10,000.00
Accrued interest to date of
death: 24.68
(b) Savings Cert. #13046 @ 7 1/2%
per annum: 10,000.00
Accrued interest to date of
death: 24.68
(c) Savings Cert. #7000 11723 @
7 1/2% per annum: 5,000.00
Accrued interest to date of
death: 12.34
-2-
L13ER 116 PAGE 98
..
Cash and Bank Instruments Cont'd.
(d) Savings Cert. #7000 19980 @
7 1/2% per annum:
Accrued interest to date of
death:
10,000.00
24.68
Cash Receipts From:
Auction of personalty
Sale of 1950 Pick-Up Truck
Sale of 1968 New Yorker
$ 1,615.00
250.00
250.00
Shares of Stock:
One (1) share of Cumberland Valley
cooperative Assn:
$
10.00
Bonds:
Certificate J-690 for $2,500.00
6 1/2%, Subordinated Debenture
of Agway, due 7/1/1987
Accrued interest to date of death:
$ 2,500.00
5.98
Unconverted Real Estate:
An undivided one-half (1/2) interest
in all that certain tract con-
taining .92 acre, improved by a
dwelling house numbered 507
Williams Grove Road, Mechanicsburg,
which is more particularly
described as tract No. 1 in Deed
Book "0", Volume 24, Page 780 in
the Recorder's Office in and for
Cumberland County, Pennsylvania $45.000.00
TOTAL RECEIPTS OF PRINCIPAL
-3-
L1BER 116 PAGE 99
. .
$291,913.83
$ 2,115.00
$
10.00
$ 2,505.98
$ 45,000.00
$341.544.81
1/26/78
1/27/78
2/2/78
2/4/78
7/30/78
2/6/78
4/15/78
2/1/78
4/15/78
DISBURSEMENT OF PRINCIPAL
DEBTS OF DECEDENT
Drs. Freedman, Kamnson & Lewis $
William A. Sullivan, M.D.
Knisely Sunoco station
Harrisburg X-Ray Associates
Charles stone, Trash Removal
Drs. Waltz and Bixler, Surgeons
Holy Spirit Hospital
FUNERAL EXPENSES
Myers Funeral Home
Gingrich Memorials
25.00
45.00
99.35
35.00
79.00
450.00
19.45
752.80
$
$3,010.50
26.00
$ 3,036.50
ADMINISTRATION EXPENSES
. 1/26/78 Letters Testamentary &
Probate fees $ 84.00
2/15/78 Register of Wills, filing
costs 6.00
2/15/78 Chuck Bricker, appraisal of
tools 25.00
2/15/78 Lester Connor, appraisal of
real estate 85.00
3/25/87 Letters D.B.N.C.T.A. and
short certificate 27.00
Advertisement in Cumberland Law
Journal 30.00
Advertisement in Carlisle
Sentinel 37.04
Cost of filing Account 60.00
Cost of filing Award of Real
Estate $ 12.00 $ 366.04
3/20/78
8/18/78
11/28/78
FEDERAL AND STATE TAXES
Penna. Inheritance Tax
I.R.S., federal estate tax
I.R.S., federal estate tax,
balance due
FAMILY EXEMPTION TO
ELIZABETH M. FOUGHT
FEES AND COMMISSIONS
4/10/78 George M. Houck, attorney's
fees
5/12/79 Harold Coover, sale runner
Dale witmer, sale runner
William Williams, sale runner
Frank Miceli, sale runner
-4-
$17,281.55
49,727.91
$ 1.920.00
$68,929.46
$ 2.000.00
$ 2,000.00
$10,000.00
20.00
20.00
20.00
20.00
USER 116 P,\GE 100
FEES AND COMMISSIONS cont:'d.
5/12/79 Donald E. Fought, costs, labor,
expenses for sale $ 2,000.00
5/12/79 Robert A. Fought, costs, labor,
expenses for sale ' 1,000.00
5/21/79 Elizabeth M. Fought, sale;
expenses 52.79
TOTAL DISBURSEMENTS OF PRINCIPAL
1978
DISTRIBUTIONS OF PRINCIPAL ARE
INCLUDED UNDER "DISTRIBUT!ONS OF
INCOME AND INVASION OF PRINCIPAL
TO ELIZABETH M. FOUGHT" BELOW.
,
I
,
RECEIPTS OF INCOME '
INFORMATIONAL NOTE: See WAIVER
OF DETAILED ITEMIZATION executed
by both beneficiaries of the
Trust herein, attached to'this
Account.
State Capital Savings & Loan $
Harris Savings Assn.
First Bank and Trust Co.
Carlisle Building & Loan
Cumberland Valley Savings: &
Loan '
West Shore Savings & Loan
York Federal Savings & Loan
1979
York Federal Savings & Loan
Carlisle Building & Loan
Harris Savings Assn.
West Shore Savings & Loan,
Cumberland Valley Savings; &
Loan
First Bank and Trust Co.
State Capital Savings & Loan
1980
Carlisle Building & Loan
Cumberland Valley Savings &
Loan
First Bank and Trust Co.
Harris Savings Assn.
State capital Savings & L6an
West Shore Savings & Loan:
York Federal Savings & Loan
,
181. 00
127.00
69.00
879.00
149.00
191. 00
862.00
$ 3,210.00
3,331.00
1,766.00
2,649.00
1,944.00
1,782.00
2.408.00
$ 3,331.00
1,977.00
1,782.00
1,766.00
2,408.00
2,649.00
3.224.00
-5-
116 P~GE 101
,
L1SER
$ 13,132.79
$ 88.217.59
$ 2,458.00
$ 17,090.00
$ 17,137.00
1982
1983
1984
Carlisle Building & Loan
Cumberland Valley Savings &
Loan
First Bank and Trust Co.
Harris Savings Assn.
Harris Savings Assn.
State Capital Savings & Loan
York Federal Savings & Loan'
Carlisle Building & Loan
Cumberland Valley Savings &
Loan
First Bank and Trust Co.
Harris Savings & Loan
Harris Savings & Loan
State Capital Savings & Loan
York Federal Savings & Loan
Carlisle Building & Loan
Cumberland Valley Savings &
Loan
First Bank and Trust Co.
Harris Savings & Loan
Harris Savings & Loan
State Capital Savings & Loan
York Federal Savings & Loan:
York Federal savings & Loan
,
-6-;
$ 3,330.72
3,709.41
1,782.48
3,420.66
5,111. 12
4,450.60
3.210.18
$ 3,331.00
3,709.00
1,782.00
5, 111. 00
3,421.00
4,451.00
3.210.00
$ 3,331.00
2,680.00
1,782.00
2,961.00
3,102.00
3,214.00
1,609.00
1.609.00
USER 118 P,\GE 102
$25,015.17
$25,015.00
$20,288.00
1985 First Bank and Trust Co.
Hill Financial
Carlisle Building & Loan
Harris Savings Assn.
York Federal Savings & Loan
$ 1,782.48
5,635.98
3,330.72
5,688.44
3.210.40
$ 5,226.00
4,894.00
3,166.00
2,401.00
1,337.00
25.00
1986 Hill Financial
Harris Savings Assn.
Carlisle Building & Loan
York Federal savings & Loan
First Bank and Trust Co.
Dividend - Eaton Vance Fund
1987 Carlisle Building & Loan
Harris Savings Assn.
Hill Financial
Dividend - Eaton Vance Fund
$ 624.00
894.00
1,284.00
3.00
TOTAL INCOME RECEIPTS
DISTRIBUTIONS OF INCOME AND INVASION OF PRINCIPAL
TO ELIZABETH M. FOUGHT
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
$ 7,948.80
17,000.00
16,600.00
19,500.00
25,000.00
25,100.00
20,900.00
19,300.00
21,000.00
1. 000.00
TOTAL DISTRIBUTIONS OF INCOME AND INVASION
OF PRINCIPAL
RECAPITULATION:
TOTAL RECEIPTS OF PRINCIPAL:' +$341,544.81
TOTAL DISBURSEMENTS OF PRINC1PAL: - 88,217.59
TOTAL RECEIPTS OF INCOME: +$162,287.19
TOTAL DISTRIBUTION OF INCOME'AND
INVASION OF PRINCIPAL: -$173.348.80
NET AVAILABLE FOR DISTRIBUTION:
$242,265.61
-7-1
,
USER 116 ; PAGE 103
$ 19,648.02
$ 17,049.00
$ 2,805.00
$162.287.19
$173,348.80
$173,348.80
PROPOSED DISTRIBUTION TO BENEFICIARIES:
A copy of the Last will and Testament of Wilbur H. Fought
is attached hereto and made a: part hereof. Distribution
of the estate is proposed in accordance thereof as
follows:
1/2 thereof to Donald E. Fought
1/2 thereof to Robert A. Fought
RESPECTIVE SHARES OF DISTRIBUTION ARE:
(1) Donald E. Fought (1/2 of $242,265.61=)
(INFORMATIONAL NOTE: Donald E. Fought,
by agreement with his brother, Robert A.
Fought, the other beneficiary, will
take an undivided one-half interest in
I
the unconverted realty as; held by the
estate valued at $45,000.00. This
leaves a cash distribution due to him
of $76,132.80)
(2) Robert A. Fought (1/2 of $242,265.61=)
$121,132.80
$121,132.81
-8-:
,
I
L13ER 118: PAGE 104
DONALD E. FOUGHT, Administrator D.B.N.C.T.A. under the Last
will and Testament of WILBUR H. FOUGHT, hereby declares under
oath that he has fully and faithfully discharged the duties of
his office; that the foregoing First and Final Account is true
and correct and fully discloses all the significant transactions
occurring during the accounting period; that all known claims
against the Estate have been paid ~n full; that, to his
knowledge, there are no claims now outstanding against the
Estate; and that all taxes present+y due from the Estate have
been paid.
L ~ ~fl/-X-
DONALD E. FOU T
Sworn and subscribed to before
me this 3/d day of
tiAt,l4_C ' A.D. 1988.
~~~~~2!L
Notary Public
\I KOTA~Y PU8llC
CHAWlES (. SHIUOS 'CUhlBERLAKOCOUMTY
IIECHAHI~:~S~~o~O~~PIRES JUNE 20. 1992.
~'f r.o ," . lls$ociation of "otaflll'
P. . .".; f!fll1.ns.,lvamill t'
~O~~~1\~";i.
. .) ", ' P U \0 'v ,.,,,~...,,,~ i
...." "C'.:{::)~',:~~~i*t~~>
Ll3ER 116: PAGE i05
,
ROBERT A. FOUGHT, Administrat9r D.B.N.C.T.A. under the Last
Will and Testament of WILBUR H. FOUGHT, hereby declares under
oath that he has fully and faithfully discharged the duties of
his office; that the foregoing First and Final Account is true
and correct and fully discloses all the significant transactions
occurring during the accounting period; that all known claims
against the Estate have been paid in full; that, to his
knowledge, there are no claims now , outstanding against the
Estate; and that all taxes presently due from the Estate have
been paid. :
ROBERT
to before
day of
1988.
GaVERAI. NOIllRY_OfIl!lnsla
" ANNe. TAYLOR
My Com... Exp. Feb. 9, 1989
L1SER 116 P~CE 106
,
WAIVER OF ITEMIZATION
,
I, DONALD E. FOUGHT, am the son of Wilbur H. Fought, the
decedent whose account is filed herewith. As such, I was a CO-
TRUSTEE under my father's will and:was familiar with the
operation of the trust established; under my father's will. I am
also one of the two beneficiaries under the said trust. As such
beneficiary I hereby waive, remise, release, and quitclaim any
rights I may now or hereafter have: to request a or demand a full
and itemized accounting of every item of income and every item of
distribution under said trust, I being satisfied that to require
such an itemization would be of no: benefit to me or the court but
on the contrary would only be unduly burdensome and oppressive
under the circumstances. i
DON~~ou~f~ciarY (SEAL)
c~ JI. /786
. ate 1
STATE OF PUrurJJ.,
COUNTY OF ~tt~M.--~ : SS. .
On this, the Sf",1- day of cuPJit/dt , A.D. 1988,
bef~re me a~peared DONALD E. FOUGHT,(~nOwn to me,.(~r
sat~sfactor~ly proven) to be the per~on and benef~c~ary whose
name is subscribed to the within i~strument, and acknowledged
that he executed the same for the purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and official
seal.
~tJf~UJP
Notary Public
lISER 116 PhGE 107
'" KOlARl PUBliC
CHARLES {, SHIUOS 1~~NiBERLAKO COUKll
l!ECHAK!CSB~aG BO~~PlaES JUKE 20.1992. .........
It,," r.OMM,SS'OH . \'lon of Motaf!" \ 'I .,. .\ '/
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.
WAIVER OF ITEMIZATION
I, ROBERT A. FOUGHT, am the son of Wilbur H. Fought, the
decedent whose account is filed herewith. As such, I was a CO-
TRUSTEE under my father's will and.was familiar with the
operation of the trust established under my father's will. I am
also one of the two beneficiaries under the said trust. As such
beneficiary I hereby waive, remise; release, and quitclaim any
rights I may now or hereafter have to request a or demand a full
and itemized accounting of every item of income and every item of
distribution under said trust, I being satisfied that to require
such an itemization would be of no benefit to me or the court but
on the contrary would only be unduly burdensome and oppressive
under the circumstances.
~h ~PJ'
at,i
(SEAL)
STATE OF I.M~
COUNTY
On this, the ~day .. A.D. 1988,
before me appeared ROBERT A. H , known to me, (or
satisfactorily proven) to be the person and beneficiary whose
name is subscribed to the within instrument, and acknowledged
that he executed the same for the purposes therein contained.
SS.
IN WITNESS WHEREOF, I. hereunt9 set my hand and official
seal.
GENERAL KaTARY'Stal! 01_
ANN c. TAYLOR
My Comm. Exp. Feb. 9. 1989
,
Ll3ER 116 P~GE 108
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