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Home My WebLink About10-26-78 IN THE COMMON PLEAS COURT OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NO: 21-78-77 YEAR OF: 1978 Estate of Carl G. Mortenson, Deceased Late of the Borough of Camp Hill, Pennsylvania Statement of Proposed Distribution of First and Final Account of National Central Bank, Executor The Accountant Proposes Distribution as follows: Balance for Distribution: Principal Cash Income Cash $ 1,256.71 742.84 $ 1,999'.55 Securities $402,000 City of New York Bonds for Rapid Transit, 7.25% due 3/15/99 1,170 shs. AMP, Inc. 200 shs. Arnstar Corp. 4 shs. Bell & Howell Co. $320,092.50 29,981. 25 3,675.00 56.50 353,805.25 $355,804.80 Distribution is proposed as follows: Mary deS Mortenson - Reimbursement of funds advanced to Executor for payment of administration expenses and taxes and administration expenses paid by Mary deS Mortenson - $180,204.16 Marital Deduction as com- puted on Federal Estate Tax Return, Schedule M, Item 5 83,496.95 $263,701.11 - 1 - i5lR fl2 Fii!:E 613 - IN THE COURT OF COMMON PLEAS ,CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NO: 21-78-77 1978 YEAR OF: CARL G. MORTENSON, DECEASED LATE OF THE BOROUGH OF CAMP HILL, PENNSYLVANIA FIRST AND FINAL ACCOUNT OF NATIONAL CENTRAL BANK EXECUTOR OF THE ESTATE Date of Death Letters Granted First Complete Advertisement of Grant of Letters Account stated to January 10, 1978 February 15, 1978 March 24, 1978 September 30, 1978 ----------------------------------------- 1978 Apr. 10, 1978 Sept.12, - PRINCIPAL - DEBITS The Accountant charges itself with the following: Inventory and Appraisement, as filed $376,511.61 Inventory Items Converted at Appraised Value: Accrued interest on $402,000 City of New York Bonds due 9/15/99, 7.25% $ 9,342.37 Check from Dean Witter Reynolds, Inc., dividends payable prior to 1/10/78 276.24 Return deposit from American Airlines 425.00 $ 10,043.61 Assets Redeemed at a Gain: Realized Appraised 22 shs. Wadsworth Publish- ing Co. $ $ 693.00 662.75 30.25 Other Receipts: American Express Co. Refund of dues paid by Carl Mortenson 23.33 $376,565.19 TOTAL PRINCIPAL DEBITS - 1 - ['~fR 52 !"iCE 607 1978 Feb. IS, Mar. 7, 17, Apr. 11, July 6, Sept. 15, 1978 Apr. 7, - PRINCIPAL - CREDITS The Accountant asks credit for the following: Expenses During Administration: Richard E. Anderson, Register of Wills Letters Testamentary Renounciation Short Certificates Harry M. Wimer, Appraiser Appraising personal property Transfer of title and registration plates on automobile Pennsylvania Department of Transportation Cumberland Law Journal Advertising Letters Testamentary Patriot-News Advertising Letters Testamentary Cumberland County Register of Wills Filing inventory and statement of debts and deductions Cumberland County Register of Wills Balance due on Penna. Inheritance Tax Cumberland County Register of Wills Retained for estimated cost of filing final account and petition for distribution The following administration expenses were paid from funds advanced by Mary deS Mortenson, beneficiary _ Pennsylvania Department of Revenue Balance due on 1977 Pa. Income Tax Return $ 767.58 Balance due on 1976 Pa. Income Tax Return 774.28 Balance due on 1975 Pa. Income Tax Return 725.87 Cumberland County Register Payment on account of Pa. Inheritance Tax - $12,000.00 Less: Discount 600.00 11,400.00 $13,667.73 13,667.73 $ 0.00 Funds advanced by Mrs. Mortenson - 2 - : ',!,eR C-q v'" P,'H 608 $ 97.00 1.00 3.00 30.00 33.00 18.00 18.75 9.00 301. 11 50.00 The following administration expenses were paid by Hrs. Mary deS Mortenson, beneficiary - Calvin Van Kirk, Minister Funeral services $ 50.00 Neil Koenig, Minister Funeral services 642.44 Deissler's Flowers 74.20 Myers Funeral Home Balance due 653.44 W. S. C. C. Luncheon for family re day of funeral 115.30 American Airlines Family transpor- tation re funeral 1,066.00 Hollywood Cemetery Marker for grave 300.00 Homemakers Upjohn Nurses 376.68 American Airlines Transportation re Carl Mortenson from West Indies 1,124.00 Dr. Lewis Kast Balance due 5.00 Dr. Frank Jackson Balance due 570.00 Myers Oldsmobile Balance due 17.19 Bell Telephone of Pa. Balance due 38.02 Health Care Rental Balance due 50.00 Dr. Gibling Balance due 82.50 National Central Bank Balance due on Note 144,500.00 Interest on Note @ 9~%, 10/29/77-4/29/78 6,871. 66 $156,536.43 The following administration expenses will be paid by funds advanced by Mrs. Mary deS Mortenson, beneficiary - Myers, Myers, Flower and Johnson, Esq. National Central Bank Professional services $ 5,000.00 5,000.00 $ 10,000.00 Executor's fee TOTAL PRINCIPAL CREDITS - - - - - _ _ _ _ _ _ - 3 - l~[R S2 PMI 609 -- $ 560.86 ADVANCE DISTRIBUTION Mary deS Mortenson Automobile - 1977 Mercedes Benz Cash Advance $ 12,000.00 8,942.37 TOTAL ADVANCE DISTRIBUTION - - - - - - - - - - - - - - - $ 20,942.37 INCOME - DEBITS The Accountant charges itself with the following: Interest: $402,000 City of New York Bonds, 7.25% due 3/15/99 1/10/77 - 3/15/78 $402,000 City of New York Bonds, 7.25% due 3/15/99 3/15/78 - 9/15/78 $1,000 U. S. Treasury Bills, 6/23/78 - 8/22/78 Dividends: 1,170 shs. AMP, Inc. .15 per share 3/1/78 .15 per share 6/1/78 .15 per share 9/1/78 200 shs. Amstar Corp. .33 3/4 per share 4/3/78 .33 3/4 per share 7/3/78 .33 3/4 per share 10/3/78 4 shs. Bell & Howell Co. .21 per share 3/1/78 .21 per share 6/1/78 .21 per share 9/1/78 $ 5,230.13 10,875.00 11. 32 175.50 175.50 175.50 67.50 67.50 67.50 .84 .84 .84 TOTAL INCOME DEBITS - - - - - - - - - - - - - - - - - - $ 16,847.97 INCOME - CREDITS The Accountant asks credit for the following: Mary deS Mortenson Payment of income: 3/17/78 9/15/78 TOTAL INCOME CREDITS - - - - - - - - - - - 4 - leER ~2 P:;::r 610 $ 5,230.13 10,875.00 $ 16,105.13 SUMMARY PRINCIPAL DEBITS PRINCIPAL CREDITS PRINCIPAL BALANCE LESS: ADVANCE DISTRIBUTION INCOME DEBITS INCOME CREDITS INCOME BALANCE Consisting of Cash - Principal Income $ 1,256.71 742.84 Securities - $402,000 City of New York Bonds for Rapid Transit, 7.25% due 3/15/99 1,170 shs. AMP, Inc. 200 shs. Amstar Corp. 4 shs. Bell & Howell Co. $376,565.19 560.86 $ 16,847.97 16,105.13 $320,092.50 29,981. 25 3,675.00 56.50 The beneficiary, Mary deS Mortenson, has requested that the securities of the estate not be sold and she would advance funds for administration expenses and taxes. Assets equal in value to the funds advanced and marital deduction will be transferred to Mrs. Mortenson, as follows: Funds received by Executor and/or admin- istration expenses paid by Mrs. Mary deS Mortenson $180,204.16 Marital Deduction to Mary deS Mortenson, as indicated on Federal Estate Tax Return, Schedule M, Item 5 83,496.95 Distribution to Mary deS Mortenson $263,701.11 Securities for distribution to Mary deS Mortenson: $287,000 City of New York Bonds Transit, 7.25% due 3/15/99 1,170 shs. AMP, Inc. 200 shs. Amstar Corp. 4 shs. Bell & Howell Co. Cash for Rapid - 5 - l ClR ~2 i',.'I 611 - $228,523.75 29,981. 25 3,675.00 56.50 1,464.61 $376,004.33 20,942.37 $355,061.96 742.84 $355,804.80 $ 1,999.55 353,805.25 $355,804.80 263,701.11 Balance for distribution to Trustee as indicated under Item III (B) of Will $ 92,103.69 NATIONAL CENTRAL BANK BY : ,;/ STATE OF PENNSYLVANIA ) ) SS COUNTY OF DAUPHIN Personally appeared before me, a Notary Public in and for said State and County, Raymond T. Cameron, a Vice President and Trust Officer of National Central Bank, who being duly sworn by me, according to law, deposes and says that the foregoing account is true and correct to the best of his knowledge and belief and that no person claiming to be interested in the said Estate as creditor, legatee, next of kin, or otherwise, has given notice of his claim in writing to the deponent, or to Robert L. Myers, III, its attorney, in writing. NATIONAL CENTRAL BANK 7 o icer Subscribed and sworn to before me this ;;;:;,/(C(day of &('t;duu A.D., 1978. 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