HomeMy WebLinkAbout11-09-78
WENGBIl ANI) BYUIl
ATTOUBYI AT LA"
LANCAlna. PENNSYLVANIA
/bam 9-15-78
,'0
, "
o? I -70-.,5.-0
RELEASE
WHEREAS, RAYMOND W. RIFE, SR., late of the Township of
Silver Spring, County of Cumberland and Commonwealth of Pennsylvania,
died January 21, 1978, leaving his Last Will and Testament dated
September 27, 1971, which was admitted to probate in the Office of the
Register of Wills in and for Cumberland County, Pennsylvania, on
January 31, 1978, docketed to No. 50 of 1978 Term; and
WHEREAS, Letters Testamentary were on February 1, 1978
granted to the Executors named in the Will, namely, Earl W. Rife and
Raymond W. Rife, Jr; and
WHEREAS, the granting of Letters was advertised as required
by law, in the Cumberland Law Journal, beginning on February 10, 1978
and in the West Shore Times, beginning February 16, 1978; and
WHEREAS, in his said Will, the decedent provided, inter alia,
as follows:
"THIRD: Residuary Bequest: I give, devise and
bequeath all the rest, residue and remainder of my
estate unto the Trustees, under an Agreement dated
the 27th day of September, A. D., 1971, wherein my
wife and I are Settlors, to be added to and become a
part of the aforesaid Trust.
FOURTH: Appointment of Executor: I hereby nominate
constitute and appoint my sons, EARL W. RIFE and RAYMOND W.
RIFE, JR., or the survivor thereof, as Co-executors or
Executor, as the case may be, of this my Last Will
and Testament. . . . "
WHEREAS, in the aforementioned Trust Agreement, the decedent
provided, inter alia, as follows:
B. Upon the death of the survivor the Trustees are
authorized and directed to pay all the just debts and funeral
expenses, including a suitable marker at the grave, out
of the said trust es1a te of the survivor, and further to pay
all inheritance and estate taxes and settlement charges out
of the said trust estate of the survivor. The remainder
BOOK 105 f.il': 3bt
WENGBII. AN\) BYLER
ATTOamn AT LA"
LANCAlna, ..NNlYLYANIA
-,
interest in both of said trust estates shall thereupon
be distributed as follows:
1. Twenty-two and one-half percent (22-1/2%)
to Pauline E. Schneider, daughter of the
Settlors. or if she be deceased, to her issue
in equal shares per stirpes.
2. Twenty-two and one-half percent (22-1/2%)
to Earl W. Rife, son of the Settlors, or if he be
deceased. to his issue in equal shares per stirpes.
3. Twenty-two and one-half percent (22-1/2%) to
June L. Badorf, daughter of the Settlors, or if
she be deceased, to her issue in equal shares
per stirpes.
4. Twenty-two and one-half percent (22-1/2%)
to Raymond W. Rife, Jr., son of the Settlors,
or if he be deceased, to his issue in equal
shares per stirpes.
5. Four percent (4%) to Messiah College, Grantham,
Pennsylvania, to be used for such purposes as the
Board of Trustees of said College shall direct.
6. Four percent (4%) to the Brethren in Christ Board
of Missions, whose present address is 48-1/2
South Market Street, Elizabethtown, Pennsylvania.
7. Two percent (2%) to the Mechanicsburg Brethren
in Christ Church. to be used for such purposes as
the governing board of said church shall direct. . . . "
WHEREAS, the decedent was survived by all of the above-named
beneficiaries, all of whom are of full age and sui juris; and
WHEREAS, creditors may file claims against the estate at any
time until February 16, 1979; and
WHEREAS, the parties in interest are desirous that settlement
shall be made thereof without filing an Account with the Court of Common
Pleas of Cumberland County, Pennsylvania, and hereby specifically waive
their rights to an income accounting by the Trustees of the Trust created
September 27, 1971 and do specifically agree and consent to the Inventory
attached hereto and marked Exhibit "A" as a correct statement of the
assets and the values thereof which were owned by the Settlor at the date
of his death and have also found correct the First and Final Account of
the Executors, attached hereto and marked Exhibit "B".
BOOK 105 P.~Gf 382
- 2 -
~
WENGBll AND BYLER
ATTOI..HJ:YI AT LAW
LANCAlna, PENNSYLVANIA
, .
NOW, THEREFORE, KNOWN ALL MEN BY THESE PRESENTS.
that we, the undersigned. being the parties in interest in the Estate of
RAYMOND W. RIFE, SR., deceased, hereby acknowledge that we have
received of and from the Executors of the Estate, as follows:
1. Messiah College, four percent (4%) of
the residue
$ 4.185.23
2. Brethren in Christ Missions, four percent
(4%) of the residue
4.185.23
3. Mechanicsburg Brethren in Christ Church,
two percent (2%) of the residue
2,092.61
4. Pauline E. Schneider, twenty-two and one-
half percent (22-1/2%) of the residue,
consisting of:
Miscellaneous household goods and
furniture taken in kind $ 781. 25
Cash 21,831. 50 22,612.75
5. Earl W. Rife, twenty-two and one-
half percent (22-1/2%) of the residue,
consisting of:
Miscellaneous household goods and
furniture taken in kind $ 612.91
Cash 21.999.84 22,612.75
6. June L. Badorf, twenty-two and one-
half percent (22-1/2%) of the residue,
consisting of:
Miscellaneous household goods and
furniture taken in kind $ 867. 92
Cash 20.244.83
Balance due on Note 1,500.0022,612.75
7. Raymond W. Rife, twenty-two and one-
half percent (22-1/2%) of the residue,
consisting of:
Miscellaneous household goods and
furniture taken in kind $
Balance due on $3,000.00 Note
Interest from 6/1/78 to date
Balance due on $2,000.00 Note
Interest from 4/1 /78 to date
Cash
757.92
2,535.83
51.55
2,000.00
64.05
17,203.40
22,612.75
TOTAL ---
$100,914.07
BOOK 105 F/\I:~ 383
- 3 -
WENGIIIl ANI> BYUR
ATTOaJgYl AT LAW'
LANCAlna, PENNSYLVANIA
.'
\ .
NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS,
that we, the undersigned, being the parties in interest in the Estate of
RAYMOND W. RIFE, SR., deceased, hereby acknowledge that we have
received of and from Earl W. Rife and Raymond W. Rife, Jr., Executors
of said Estate the sum of money and/ or items in kind set forth opposite
our names on Page 3 of this Release, which sum is in full payment to
us of our shares in said Estate;
AND WE DO acknowledge that this distribution to us is at our
risk in that creditors may yet file claims against the estate for unpaid
bills due by the decedent; and we agree that we will be responsible for any
such sums of money which may become due by the Estate;
AND WE DO BY THESE PRESENTS remise, release, quitclaim
and forever discharge the said EARL W. RIFE and RAYMOND W. RIFE,
JR., Executors as aforesaid, of and from the same and of and from all
accounts, claims, reckonings and demands whatsoever touching or ccncern-
ing the same.
IN WITNESS WHEREOF, we have hereunto set our hands and
seals this 30'0 day of lJf?!i~
..~ .. (~ p/'
I~d l . ~;"vlJ.&JSEAL)
Pauline E. Schneider
cO t {If},
L---ctL /'-11' .. .~/5
Earl W. Rife
(SEAL)
(SEAL)
. (SEAL)
, A.D., 1978.
MESSrA~LE~
BY:~. UA
.
Attest::f' " dE( . ~"'71 A _
(/ U
(
(SEA )
(SEAL)
utive Sec.
MECHANICSBURG BRETHREN IN
CHRIST CHURCH ,/Jlt
B; ~ h ' . (SEAL)
~
BOOr. 105 "ICE 3b4
- 4 -
WENGBII. ANI> BYLER
ATTOamYW AT LA"
LANCAlna, PENNSYLVANIA
COMMONWEALTH OF PENNSYLVANIA)
) SS:
COUNTY OF LANCASTER )
ON THIS, the 15th day of September, A. D., 1978, before me,
a Notary Public, the undersigned officer, personally appeared EARL W.
RIFE, JUNE L. BADORF and RAYMOND W. RIFE, JR., known to me
to be the persons whose names are subscribed to the within Release and
acknowledged that they executed the same for the purposes therein
contained.
IN WITNESS WHEREOF, I have hereunto set my hand and
notarial seal.
.",,, ~":' " "" 'I",
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Notary Public :'<1:;"'; "- ~::.;J:
-: ~:.: <::) ~: ;.
BARBARA A MARTIN, Notary Public:<. :i..,,~, ' ,~ :' :'
Lancaster, Lancaster Co. ~. '.>' ,;; p~,>::" .'^- .:
" c. ~ ...... - .
My Commission Expires Aug. 24, 1961 ", </?,~"'" " '\ '\'- .
I~' t~ U
',."
STATE OF ARIZONA )
. )
COUNTY OF !J1tJJfifd f/.J.)
ON THIS, the":' day of Sa-piemJ,ell.. , A.D., 1978, before me,
SS:
a Notary Public, the undersigned officer, personally appeared PAULINE
E. SCHNEIDER, known to me (or satisfactorily proven) to be the person
whose name is subscribed to the within Release, and acknowledged that she
executed the same for the purpose therein contained.
seal.
IN WITNESS WHEREOF, I have hereunto set my hand aJ1d notarial
..' ", ,-.,:) . \I,j ".
.. )
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Notary bUc', "c.: ~.' ...) IT ;
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BOO~ 105 rACE 3&5
- 5 -
WENGIlIl. ...... BYLEIl
ATTOun:YI AT LAW
LANCAlTJ!a, PINNSYLVANIA
COMMONWEALTH OF PENNSYLVANIA )
) SS:
COUNTY OF C...."JJc_J )
ON THIS, theU...rl day of b J.J..>..-
, A. D.. 1978, before me.
a Notary Public, the undersigned officer. personally appeared
D RA'f /-j...,sre- 7"> t.."R
IJjUOl
L ""'- c--, L,..(.. ii: Tf<-u...,...., ('Ii"
President and Secretary, respectively, of Messiah College. and acknowledged
that they executed the same for the purpose therein contained.
IN WITNESS WHEREOF. I have hereunto set my hand and notarial
seal.
, .
,~ r \"",. -: I.: ~/ ~: .~
_ /'~,/..,<:'1/'l.{~~:.. ~:'<~.;
I~ ;/ ::f'::l.. : 7f:"'),.l,;, h. ~".;.t. " 0 '.'
~. r ~ j . ',/'~j . ;'.' ~,,~!l_~ .d j' ,~ ',~
Notary Public <,"'0 ~,)~;,,~~/
.,f :. .'/ ;1,1, ", :;, J..... '"'"
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"'" 1 ,I] -\ 'i 0
COMMONWEALTH OF PENNSYLVANIA)
) SS:
COUNTY OF LANCASTER )
ON THIS, the 25 J:4 day of tJ ~ ' A. D.. 1978. before me,
a Notary Public, the undersigned officer. personally appeared J.
WILMER HEISEY, Executive Secretary of BRETHREN IN CHRIST MISSIONS
and acknowledged that he executed the same for the purpose therein contained
IN WITNESS WHEREOF, I have hereunto set my hand and notarial
seal.
L~,(7n{!-
Notary Public
H!:Lt:N L:. McCLURG,
EHz;l)()etht~)wn _ ", l
My Cornm:ssiol1 [;.q;H(J:iI (J(.;~;j;>,;Jr.
eoCK 105 f,\I':' 3b6
- 6 -
COMMONWEALTH OF PENNSYLVANIA)
) SS:
COUNTY OF G~ k/Jt::-~ ~ )
y-Q
ON THIS, the 30 day of CX:::lO~ . A.D., 1978, before me
a Notary Public, the undersigned officer, personally appeared
(Y7tX<..12f..f AJ . ~ ~ ~ 7>fEJ4J>U/2el(
of Mechanicsburg
Brethren In Christ Church, and acknowledged that he executed the same
for the purpose therein contained.
IN WITNESS WHEREOF. I have hereunto set my hand andn,Qt~rial
seal.
,~."'r''\\ \~.J (;(f
~ 0 - - i{if!!)['
~'~''i.;\':::"
Notary ublic, " :, ;'~.:', l ~ ',fl":"~2,!
ROY EARLE COOK, Not~,Rf rl;,~",; '; :' ". ",.. ,or) ....\f>,.
MECHANICSBURG BORQUGH':;,"';', ,',::,,'.<,"~~':'/
GUMBERLAND COUNTY',<", ':( V:; ), ,\ ,'"
MY COMMISSION EXPIRES IUIV!', 1911O -'
WIlNGIIIl ANI> BYIJiR
ATTOUfl:YI AT LAW'
LANCAlna. Pl:NNlYLVANIA
BOOK 105 F.\~f 367
- 7 -
WENGEIl AND BYllR
ATTOI.IQYI AT LAW'
LANCAlna, PINNlYLYAHIA
/bam 9/14/78
RAYMOND W. RIFE, SR.,
)
)
)
)
)
)
No. 50 of 1978
IN RE: ESTA TE OF
LATE OF SILVER SPRING TOWNSHIP,
CUMBERLAND COUNTY, PA.
1.
2.
3.
4.
5.
6.
7.
8.
9.
INVENTORY
105 Hogestown Road, Silver Spring Township,
Cumberland County, Pennsylvania, as described
in Deed Book I-24, Page 112, sold @
1972 Kingswood Estate Chevrolet Stationwagon,
sold @
Certificate of Deposit #216-608635, First Federal
Savings & Loan Association
Interest to date of death
Certificate of Deposit #216 -309680, First Federal
Savings & Loan Association
Interest to date of death
Certificate of Deposit #216-216566, First Federal
Savings & Loan Association
Interest to date of death
Savings Certificate Account #01-09-112980
(Certificates #128814, 128815, 128816 & 128817),
Harris Savings Association
Interest to date of death
Account #04-09-124091 (Certificate #128813),
Harris Savings Association
Interest to date of death
Optional Book Account #1-41761, Harris Savings
Association
Interest to date of death
Checking Account #142-752038-0, Commonwealth
National Bank, balance at death
10. Proceeds of Minnesota Mutual Life Insurance Co.,
beneficiary listed as Ruth A. Rife and later changed
to decedent's four children $2,000.00
11.
12.
Proceeds of Metropolitan Life Insurance Profit
Sharing Plan, beneficiary, Ruth A. Rife, deceased
Mortgage from Harold L. and Jane D. Hoover, his
wife, dated June 30, 1969, in the amount of $40, 000.00
with interest @ 5-1/2% per annum and recorded in
Cumberland County Recorder's Office in Mortgage
Book 515, Page 592, balance at death
Interest to date of death
EXHIBIT "A"
$ 49,000.00
1,600.00
1,000.00
4.32
1,000.00
4.32
5,000.00
21.61
28,698.56
125.82
2,000.00
8.77
3,267.61
9.41
2,404.74
3,832.04
6,363.98
18.82
WIiNGIIIl. AND BYLliR
A'M'OUOYl AT LAW
1.ANCAlT'!R, .BHNlYLYANIA
13.
14.
15.
16.
17.
18.
19
Household goods, furniture and small tools,
appraised at
$ 3,020.00
Miscellaneous household goods, lawn mower,
tractor, and small tools sold @
971. 41
Note from Raymond A. Rife, Jr. and Lois Anne
Rife, his wife, dated October 1, 1971 in the
amount of $3,000.00 with interest at 7o/c per
annum, balance at death
Interest to date of death
2,653.46
9.99
Note from Donald E. Badorf and June L. Badorf,
his wife, dated October 1, 1971 in the amount of
$1,500.00 with interest at 7% per annum, payable
semi-annually each April 1 and October 1, balance
at death
Interest to date of death
1,500.00
32.22
Note from Raymond W. Rife, Jr. and Lois Anne
Rife, his wife, dated April 1, 1971 in the amount
of $2, 000. 00 with interest at 7% per annum,
payable semi-annually each April 1 and October 1,
balance at death
Interest to date of death
2,000.00
42.96
Cash on hand
173.50
Reader's Digest Association, Inc., refund
9.41
TOTAL ---
$114,772.95
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WENGIIIl AND BYllR
AlTOl.NJI'D AT LAW
LANCAlT1!a, ..NNlYLYANIA
",
IN RE: ESTATE OF )
)
RAYMOND W. RIFE, SR., )
)
LATE OF SILVER SPRING TOWNSHIP)
CUMBERLAND COUNTY )
No. 50 of 1978
THE FIRST AND FINAL ACCOUNT OF EARL
W. RIFE AND RAYMOND W. RIFE, JR.,
EXECUTORS UNDER THE LAST WILL AND
TESTAMENT OF RAYMOND W. RIFE, SR.,
DECEASED.
Decedent died: January 21, 1978
Letters Testamentary granted: February 1, 1978
First Complete Advertisement of Grant of Letters: February 16, 1978
Account Stated Through: September 15, 1978
SUMMAR Y
PRINCIPAL
Receipts
Less Disbursements
$114,922.98
17,053.37
Principal Balance Remaining
$ 97,869.61
INCOME
Receipts
Less Disbursements
$ 3,494.78
450.32
Income Balance Remaining
$ 3,044.46
COMBINED BALANCE FOR DISTRIBUTION
$100,914.07
BALANCE FOR DISTRIBUTION COMPOSED OF:
Household goods, furniture and small tools
(Inv. Item #13), taken in kind
$ 3,020.00
Donald E. and June L. Badorf Note (taken in kind)
1,500.00
Raymond W. and Lois Anne Rife Notes (taken in kind) 4,535.83
Interest on Notes to 9/15/78 (taken in kind) 115.60
Cash in estate checking account
91,742.64
TOTAL ---
$100,914.07
EXHIBIT "B"
WENGBIl AND BYLEIl
ATrOUBYI AT LAW
LANCAlna, PENNSYLVANIA
PRINCIPAL RECEIPTS
Inventory Items per Inventory attached and marked
Exhibit "A"
$114,772.95
Subsequent Receipts:
1978
August 2
1978
Feb.
Mar.
April
World Mutual Insurance Co., medical
insurance refund
$
81. 68
Medicare checks
68.35
TOTAL ---
$114,922.98
PRINCIPAL DISBURSEMENTS
10
Outstanding check at death
$
14.00
17
Mechanicsburg Brethren In Christ Church,
funeral meal
260.28
17
Martin Funeral Home, funeral expenses
2,230.40
23
I. Hoffman, bill due at death
169.00
23
Chuck Bricker, appraisal fee
30.00
10
Paul W. Rider,
estate taxes
Less proration from Buyer
County and Township real
$127. 36
(128.89)
(1. 53)
18 H. R. Block, 1977 income tax return preparation 33.00
18 P. P. &L., electric service bill 38.23
18 J. L. Howard, sanitary service bill 11. 50
25 Bell of Pennsylvania, telephone service bill 17.54
25 Lester Erb, oil bill 91. 00
25 Master Charge, bill due at death 100.16
25 J. & R. Ford Tractor Sales, garden tractor repair 44.15
1
Bell of Pennsylvania, telephone service bill
9.70
3
Pa. Department of Revenue, 1977 taxes
39.00
3
Commonwealth National Bank, safe deposit
box rental
9.00
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WIlNGBll. AND BYllR
AlIOUBn AT LAY
LANCAlna, .ENNlYLYANIA
April
May
June
July
Aug.
Sept.
20
Register of Wills,
$60,000.00 @ 6%
Less 5% discount
inheritance tax on
$3,600.00
180.00
5 Thomas Trimble, furnace repair
11 Frank Tedeschia. snow removal service
19 John Glise, Inc., real estate commission
19 Notary fees on deed and affidavit
19 Recorder of Deeds, recording fees and
transfer taxes
19 Michael C. D'Angelo. survey costs
22 P. P. &L.. electric service bill
24 West Shore Times, estate advertising
5 J. L. Howard, trash removal
5 Mechanicsburg Water Co.. water bill
5 P. P. & L., final bill
14 Mechanicsburg Water Co., final water bill
5 Gingrich Memorials. lettering tombstone
15 Cumberland Law Journal, estate advertising
15 Wenger and Byler, attorney fee
15 Wenger and Byler, reimbursement for
Letters Testamentary $38.00
Death Cert. & Short Certs. 4.00
Copies of Inher. Tax Ret. 4.50
Information Journals search 14.50
15 Wenger and Byler, reserved for release
15 Register of Wills, balance of inheritance tax on
$4,944.24 @ 6%
15 Register of Wills. filing Inheritance Tax Return
and Statement of Debts and Deductions
15 Barbara A. Martin, notary fees
TOT AL ---
- 3 -
$
3,420.00
70.76
30.00
3,430.00
3.00
510.00
220.00
18.05
16.75
12.00
22.57
.91
10.16
26.00
18.00
5,752.59
61. 00
25.00
296.65
6.00
8.50
$ 17,053.37
WENGIlIl ...... BYlJiR
A'n"OII.lBYI AT LA....
LANCAlna, 'INNlYLVANIA
".
INCOME RECEIPTS
April 1 Interest on Raymond W. Rife, Jr. and
Lois Anne Rife $2.000.00 Note from death $ 27.04
1 Interest on Donald E. Badorf and June L.
Badorf Note from date of death 20.28
June 1 Interest on Raymond W. Rife. Jr. and Lois
Anne Rife $3.000.00 Note from date of death 81.18
28 Interest on Harris Savings Association
Savings Account #41761 355.72
30 Interest on Harris Savings Association and
First Federal Savings and Loan Association
Certificates of Deposit 1,638.64
July 1 Interest on Harold L. Hoover and Jane D.
Hoover mortgage from date of death 146.89
Sept. 8 Interest on First Federal Savings and Loan
Association Certificates of Deposit 99.95
11 Interest on Harris Savings Association
Savings Account #41761 519.04
11 Interest on Harris Savings Association
Certificates of Deposit 437.94
15 Interest on Raymond W. Rife, Jr. and Lois
Anne Rife $3.000.00 Note from 6/1/78 to
9/1 5/78 51. 55
15 Interest on Raymond W. Rife. Jr. and Lois
Anne Rife $2,000.00 Note from 4/1/78 to
9/15/78 64.05
15 Interest on Donald E. Badorf and June L. Badorf
Note from 4/1/78 52.50
TOTAL --- $ 3,494.78
INCOME DISBURSEMENTS
Sept.
15
Pa. Department of Revenue, fiduciary income
tax $
46.70
15
Internal Revenue Service, fiduciary income tax
228.88
15
Wenger and Byler. attorney fee on income
174.74
TOTAL ---
450.32
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