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HomeMy WebLinkAbout05-18-79 y - IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NO. 21-78-483 IN THE ESTATE OF HARRY F. RUBERT, LATE OF THE BOROUGH OF CARLISLE, CUMBERLAND COUNTY, PENNSYLVANIA, DECEASED. STATEMENT OF PROPOSED DISTRIBUTION The Accountant proposes to distribute the assets remaining in its hands, in the amount of Thirty-five Thousand Six Hundred Sixty- Nine and 13/100 ($35,669.13) Dollars, as follows: TO: The Commonwealth National Bank, successor to The Harrisburg National Bank and Trust Company, Testamentary Trustee under Paragraph No. 3 of the Last Will and Testament of the Decedent $30,669.13 The Commonwealth National Bank, Testamentary Trustee for Lisa D. Rubert, per Codicil dated 7-4-78 and Agreement dated 8-30-78 2,500.00 The Commonwealth National Bank, Testamentary Trustee for Michael S. Rubert, per Codicil dated 7-4-78 and Agreement dated 8-30-78 2,500.00 $35,669.13 STATEMENT OF THE REASONS FOR THE PROPOSED DISTRIBUTION The above Distribution is proposed in accordance with the Last Will and Testament of the Decedent and in accordance with an Agreement dated August 30, 1978, between the heirs and remaindermen of the residuary trust established by the Testator's Will. The Codicil dated July 4, 1975, provided for trusts for Lisa D. Rubert and Michael S. Rubert, each in the amount of $2,500.00, the figures being as set forth in the aforesaid Agreement. In addition, to said trusts for Michael S. Rubert and Lisa D. Rubert, the Will and Codicils provided for various bequests set forth in the Distribution Account including gifts of bicycles to the grandchil~ren, which bequests were paid to the parents on December 7, 1978 to purchase said bicycles together with other cash bequests to William and Ruth Rubert provided in the Codicil dated April 4, 1978. 1I8[R 94 f~0[ .1.7 1 .- - '. After the bequests set forth in the Distribution Account and the trusts for Michael S. Rubert and Lisa D. Rubert, Decedent devised and bequeathed the remainder of his estate to the Commonwealth National Bank, successor to The Harrisburg National Bank and Trust Company, in Trust, as provided in Paragraph No. 3 of the Last Will and Testament of the Decedent. The distributions heretofore made, together with the distribution herein proposed, carries out the intent of the Last Will and Testament and Codicils of the Decedent. THE COMMONWEALTH NATIONAL BANK By COMMONWEALTH OF PENNSYLVANIA) SS. : COUNTY OF CUMBERLAND ) I, ROBERT K. REITZEL, Trust Manager of The Commonwealth National Bank, Executor of the Estate of Harry F. Rubert, Deceased, being duly sworn according to law, deposes and states that the foregoing Statement of Proposed Distribution is true and correct, to the best of his knowledge, information and belief. Sworn to and subscribed before me this \::::J\3.-to(day of May, 1979. ~l ~aJJu~ ."(.',~S' i.' .... ~ M J.. ~ ...: ","'" . fIl..tt,~, "~'. ,<-. V,Ul"'l".. {:o". ;'~!.I ~o...:. MERL~ tvy\~HEVKA, Notary Public .. ..: : <.'I ~rJ.jsl... ecmi~~<ind County, Pa. ~ " -0 -W)"", ~I?ri'~pires to h /Rd-. ~. -z, <L"" t.".: .... 0 "'I.' S y~\\'- ,'; ?'-/I X> . . .'f?ypU,.: '-'11.1"'\'- lIBt:R 94 fH~[ .1.8 2 M co oo;r I co r-- I rl N CI) .:x: ril ...:I. 1lU':t: P4 Z Z 0 O,H ~~ CI) ::2::8 H OZ :> CJP H 00 IilCJ o 8 0P=: 8Z ::> p=:.:x: 0 g~ CJ CJ~- jj:lCl) ~S ~ 8 CJ ::c: P-i Z~P=: HO 0 . o Z . " , a." 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RUBERT, DECEASED LATE OF BOROUGH OF CARLISLE FIRST AND FINAL ACCOUNT OF THE COMMONWEALTH NATIONAL BANK, EXECUTOR DATE OF DEATH: AUGUST 6, 1978 LETTERS GRANTED: SEPTEMBER 12, 1978 COMPLETE ADVERTISEMENT OF GRANT OF LETTERS: WILL NO: 21-78-483 CUMBERLAND LAW JOURNAL: SEPTEMBER 22, 29 & OCTOBER 6, 1978 THE EVENING SENTINEL: SEPTEMBER 19, 26 & OCTOBER 3, 1978 ACCOUNT STATED TO APRIL 27, 1979 SUMMARY & INDEX PRINCIPAL PAGES Receipts Net Gain/Loss on Conversions Adjusted Balance Less Disbursements Balance Before Distributions Distributions to Beneficiaries Investments Capital Changes Principal Balance Remaining $ 64,060.97 -0- 64,060.97 13,004.80 51,056.17 16,230.77 $ 34,825.40 INCOME Receipts Less Disbursements Balance Before Distribution Distribution to Beneficiaries Income Balance Remaining $ 2,559.61 115 . 88 2,443.73 1,600.00 $ 843 . 73 Combined Balance Remaining $ 35,669.13 UBi:R 94 fACE 8 COMPOSITION OF NET BALANCES Account Value Market Value Principal Cash and amounts temporarily invested in Commonweath National Bank Common Fund A-2 $ 31,333.65 $ 31,333.65 58 shares Commonwealth National Bank, common 2,059.00 2,088.00 152 shares Guarantee Bank Atlantic City, common 1,431. 75 1,431. 75 1 share Guarantee Bank Scrip Atlantic City 1.00 0 TOTAL PRINCIPAL $ 34,825.40 $ 34,853.40 Income Cash $ 843.73 $ 843.73 TOTAL INCOME $ 843. 73 $ 843.73 TOTAL COMBINED PRINCIPAL AND INCOME $ 35 ,669 .13 $ 35,697.13 2 LI8l-.R 04 F' .'[ v HI)' 9 PRINCIPAL RECEIPTS Per copy of Inventory attached Per copy of supplemental inventory attached Adjustments to Inventory Adjustment to Inventory on Commonwealth National Bank checking account #182-762613-4 Inventoried at Revaulation at $ 1,826.56 1,781.56 Adjustment to Inventory on 1.118 shs. Guarantee Bank Scrip Atlantic City, capital Inventoried at Revaluation at $ 1.12 1.00 Adjustment to Inventory on 139 shs. Guarantee Bank Atlantic City, capital Inventoried at Revaluation at $ 1,442.13 1,431. 75 Subsequent Receipts 11/07/78 Lump sum death benefit from Social Security 11/20/78 Death benefit from Mutual of Omaha 11/27/78 Death benefit from Mutual of Omaha 1/16/78 Advance payments from William F. Rubert, Sr. for payment of Pennsylvania Inheritance Tax TOTAL PRINCIPAL RECEIPTS 3 U8LR 94 F~~[ 10 $ 60,980.65 2,257.22 (45.00) (.12) (10.38) 255.00 305.96 32.64 285.00 $ 64,060.97 PRINCIPAL CONVERSIONS INTO CASH Gain 11/10/78 6,290 units Commonwealth National Bank Common Fund A-2 Account Value $ 6,290.00 Proceeds 6,290.00 $ 12/22/78 2,600 units Commonwealth National Bank Common Fund A-2 Account Value $ 2,600.00 Proceeds 2,600.00 1/19/79 220 units Commonwealth National Bank Common Fund A-2 Account Value $ 220.00 Proceeds 220.00 3/16/79 700 units Commonwealth National Bank Common Fund A-2 Account Value $ 700.00 Proceeds 700.00 4/25/79 35,778 units Commonwealth National Bank Common Fund A-2 Account Value $ 35,778.00 Proceeds 35,778.00 NO GAIN OR LOSS AS SHOWN ON SUMMARY PAGE $ -0- PRINCIPAL DISBURSEMENTS 8/28/78 Register of Wills, probate costs and 5 short certificates 9/15/79 Cumberland Law Journal, legal advertising 9/21/78 Bast, Detweiler & Stabingas Funeral Home, tombstone engraving 9/21/78 Presbyterian Home Inc., institutional care to 8/78 9/21/78 James Line, tax collector, 1978 per capita tax 9/21/78 H.G.H. Pharmacy, ethical drugs 4 1I8i.R 94 f,\GE 11 Loss $ $ -0- $ 50.00 18.00 20.00 681. 86 9.90 29.53 Principal Disbursements (Continued) 9/21/78 Roth Funeral Home, funeral expenses $ 1,838.81 10/16/78 The Evening Sentinel, legal advertising 20.15 11/08/78 Register of Wills, payment on account of Pennsylvania Inheritance Tax 2,930.75 9/27/78 Register of Wills, cost of short certificate 2.00 3/21/79 Register of Wills, balance of Pennsylvania Inheritance Tax 685.37 3/21/79 Register of Wills, filing fee for RCC-33 and Statement of debts and deductions 6.00 3/27/79 Register of Wills, cost of filing Inventory 3.00 Reserves: Commonwealth National Bank, executor's commission 3,162.00 3,162.00 James D. Flower, attorney's fee Closing costs 100.00 TOTAL PRINCIPAL DISBURSEMENTS 285.43 $ 13,004.80 Pennsylvania Inheritance Tax PRINCIPAL DISTRIBUTIONS William and Ruth Rubert 11/7/78 Distribution in kind of Cumberland Valley Savings and Loan Passbook #143858 per codicil dated 7/4/78 $ 3,610.30 12/7/78 Cash bequest per codicil dated 4/4/78 2,620.47 William F. Rubert, Jr. 9/26/78 Cash bequest per item two of Will 5,000.00 William F. Rubert, Sr. 9/26/78 Cash bequest per item two of Will 5,000.00 TOTAL PRINCIPAL DISTRIBUTIONS $ 16,230.77 5 1I8~R 94 filCE i2 PRINCIPAL INVESTMENTS 9/28/79 33,839 units Commonwealth National Bank Common Fund A-2 10/16/78 10,900 units Commonwealth National Bank Common Fund A-2 10/25/78 539 units Commonwealth National Bank Common Fund A-2 11/22/78 310 units Commonwealth National Bank Common Fund A-2 6 118lR 94 f~C[ 13 $ 33,839.00 10,900.00 539.00 310.00 INCOME RECEIPTS Commonwealth National Bank Certificate of Deposit #182326 9/27/78 Interest $ 140.61 Cumberland Valley Savings and Loan Certificate of Deposit #6688012, 7.50% due 2/22/79 9/27/78 Interest 50.99 Cumberland Valley Savings and Loan Certificate of Deposit #6688011, 7.50% due 2/22/79 9/27/78 Interest 254.89 Cumberland Valley Savings and Loan Passbook //=143858 9/27/78 Interest 25.57 Commonwealth National Bank Evergreen #1800100461 9/21/78 Interest 43.22 Commonwealth National Bank, common 11/10/78 Dividend $ 29.00 2/9/78 Dividend 29.00 58.00 Commonwealth National Bank Common Fund A-2 11/10/78 Earnings $ 52.36 12/06/78 Earnings 502.53 12/21/78 Earnings 35.15 12/22/78 Earnings 15.52 3/16/79 Earnings 18.89 1/19/79 Earnings 2.71 4/25/79 Earnings 1 ,359.17 1,986.33 TOTAL INCOME RECEIPTS $ 2,559.61 7 LlBlR 94 f/IGE 14 .... .~... .. ""....,,~-.._'.. . .. - - INCOME DISBURSEMENTS Reserve: Commonwealth National Bank, executor's commission on income collected l1S . 88 TOTAL INCOME DISBURSEMENTS $ $ l1S . 88 INCOME DISTRIBUTIONS William F. Rubert, Sr. 1/19/79- 4/26/79 Cash distributions TOTAL INCOME DISTRIBUTIONS $ 1,600.00 $ 1,600.00 THE COMMONWEALTH NATIONAL BANK 8 lIBlR 94 F~~E 15 COMMONWEALTH OF PENNSYLVANIA) COUNTY OF CUMBERLAND ) I, William H. Bogel, Vice President and Trust Manager III, of The Commonwealth National Bank, accountant in the foregoing Account, being duly sworn according to law, depose and say that the above Account is just and true, both as to items of charge and discharge, and that the grant of letters and the first complete advertisement thereof occurred more than four months prior to the filing of the Account. THE COMMONWEALTH NATIONAL BANK By \.,.) ~\\.~~ Vice President & Trust Manager III Sworn to and subscribed before me ...t.~i./! day o';)?;Ly- "" S ~. G /]9 .... ,/,,'" ~;D.. !l~ 9'<.," ".;. .: v \0)~... 4.' .~c,_, ~ ! ": ~ '. ~"iJ\; ~ - . ~ ,,'-:,;;:.... =:0 ,'......... E :. .~;~t.:: <- ...- ~ ""'...(l l. ., ....../.' )' -:-"','~ ,',:.),'\.';\ ...)1: arv Public -"':-' > ~ .....; ;'f?~%~"Gros., "'NollUY Mile ""!. ,.~~'TwP" C"mbarland County Per. . , , I . , II My CommluiOIl Expire. July 5. 1882 2Al LlBlR 94 f A;j[ 16 Inventory of the real and personal estate of HARRY F. RUBERT deceased. , " HARRY F. -RUBERT INVENTORY REAL ESTATE None. TANGIBLE PERSONAL PROPERTY None. INTANGIBLE PERSONAL PROPERTY 1. 58 shares Commonwealth National Bank, common OTC at 35.50 2. Dividend on item No.1 of .50 per share payable 8/10/78 to holders of record 8/1/78 - 3. 1.118 shares Guarantee Bank Scrip Atlantic City, capital, NL at .99821 4. 139 shares Guarantee Bank Atlantic City, capital, NL at 10.375 5. Certificate of Deposit No. 18-2326 with The Commonwealth National Bank 6. Accrued interest on item No. 5 to date of death 7. Certificate of Deposit No. 6688011 with Cumberland Valley Savings and Loan Association at 7~% due 2/22/79 8. Accrued interest on item No. 7 to date of death 9. Certificate of Deposit No. 6688012 with Cumberland Valley Savings and Loan Association at 7~% due 2/22/79 10. Accrued interest on Item No.9 to date of death 11. Savings Account No. 143858 with Cumberland Valley Savings and Loan Association 12. Accrued interest on item No. 11 to date of death 13. Evergreen Savings Account No. 1800100461 with The Commonwealth National Bank 14. Accrued interest on item No. 13 to date of death 15. Checking Account No. 182-762613-4 with The Commonwealth National Bank 16. Claim payment from Medicare 17. Claim payment from Pennsylvania Blue Shield 65 Special 18. Refund on premium from Capital Blue Cross TOTAL PERSONALTY . ,- . $ 2,059. 00 29.\00 1.12 1,442. 13 15,000. 00 109. 13 25,000. JO 190. 7 5,000'fO 38'115 3, 5B8.~1 22.09 6,613.07 36.97 1,826. 56 10.72 2. 68 11. D5 $60,980. 05 ? SUPPLEMENTAL Inventory of the reol ond personal estate of HARRY F. RUBERT deceased. Total Persoralty $ 2,257 22 ~ 2.257 22 1. Refund from Presbyterian Homes, Inc. . , . " .. .'. COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND } 55: Robert K. Reitzel - Trust Manager II of the Commonwealth National Bank being duly sworn according to law, deposes and says that he executor of the Estate of Harry F. Rubert late of _Borough_oLCarl.i s 1 e _________ Cumberland County. Pa., deceased and that the within is an inventory made by The CORJTlOnwealth Nation~Bank, the said executor of the entire estate of said decedent. consisting of all the personal prop..rty and real estate, except real estate outside the Commonwealth of Pennsylvania. and that the figures opposite each item of the Inventory represent it's fair value as of the date of decedent's death. and subscribed before me, Executor.. Administr.tor 19 1 North Hanover Street Car1;~lP. ppnn~y1v~n;~ 17103 Add.... O.Y August Month 1978 Date of Death 6 reu INSTRUCTIONS I. An inventory must be filed within three months after appointment of personal representative. 2. A supplement inventory must be filed within thirty days of discovery of additional assets. 3. Additional sheets may be attached as to personalty or realty 4. See Article IV, Fiduciaries Act of 1949. QJ .... -0 >- III ..... W - ~ a<: ..... +> ~ .. ~ w 0( ~ .. ... ..... QJ ItS U 0 0 V'l .D u .. .. II w w ~ C '" >0- J: a<: c:r: ..... .. .. I- ... ... c: Z ..... ..J U. 0 ..; :; U. ..J 0( 0 ~ .s:::. ... :l: w 0 0( W Dl i: II > z a<: >, ~ 0( Z 0 c ~ 0 c: II ~ ~ :> V'l Z 0 ci I' a<: ItS 0 U Z w <( ::J: <0 .... II ... " c: II '0 ~ .. .J:I " ". .:! E ..! 0 " " 0 ..J U u: "" ,. . . . 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