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Home My WebLink About05-18-06 COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVANIA ORPHANS' COURT DIVISION No. 21-2005-0493 Estate of DENNIS E. HOOVER, Deceased Late of the Borough of Carlisle FIRST AND FINAL ACCOUNT OF MANUFACTURERS AND TRADERS TRUST COMPANY, EXECUTOR Date of Death: Letters Granted: First Complete Advertisement of Grant of Letters: Account Stated to May 16, 2005 June 2, 2005 July 1, 2005 May 19, 2006 SUMMARY & INDEX Paaes PRINCIPAL Receipts Net Gain on Conversions Less Distributions to Beneficiaries 4 521,602.06 3,302.78 524,904.84 90,479.88 434,424.96 9,224.53 2 2-3 Less Disbursements 3-4 Principal Balance Remaining 425,200.43 INCOME Receipts Less Disbursements 4 4 12,078.41 669.36 11,409.05 9,813.14 Less Distributions 4-5 Income Balance Remaining 1,595.91 COMBINED BALANCE REMAINING $ 426,796.34 () c'..... . 0(., COMPOSITION OF NET BALANCES Principal Cash Income Cash PRINCIPAL RECEIPTS Inventory Filed Per Copy of PA Inheritance Tax Return Subseauent Receiots: 08/26/05 Dickinson College, life insurance proceeds Policy 0000136378 01/03/06 Refund, Travelers Insurance 03/30/06 Prudential Financial Insurance PA Dept. of Revenue, refund overpayment PA Inheritance Tax 52,000.00 249.00 7,656.76 6,732.32 Total Principal Receipts PRINCIPAL CONVERSIONS INTO CASH Gain 08/01/05 Wachovia IRA Proceeds Inventoried at 102,206.11 98,381.91 08/08/05 52 shs. General Motors Corp. Proceeds I nventoried at 1,887.52 1,604.98 08/08/05 36 shs. Delphi Corp. Proceeds I nventoried at 187.19 129.42 08/08/05 4 shs. Directv Group, Inc. Proceeds I nventoried at 61.67 58.54 10/20/05 4 shs. Raytheon Class A Proceeds I nventoried at 100.67 100.67 03/20/06 7 shs. Corning, Inc. Proceeds I nventoried at 182.27 118.13 -2- 3,824.20 282.54 57.77 3.13 64.14 $ 425,200.43 $ 1,595.91 454,963.98 66,638.08 $ 521,602.06 Loss 03/20/06 03/20/06 PRINCIPAL CONVERSIONS INTO CASH (continued) Gain 510 shs. AMBAC Financial Pfd 5.8750/0 Proceeds I nventoried at 12,163.12 12,836.70 517 shs. Morgan Stanley Cap Tr IV Pfd 6.250/0 Proceeds I nventoried at 12,650.60 12,906.02 Totals 4,231.78 Net Gain on Conversions 06/02/05 06/07/05 06/10/05 06/13/05 06/14/05 06/16/05 06/22/05 06/30/05 07/05/05 07/07/05 07/08/05 07/14/05 07/18/05 07/29/05 08/16/05 08/22/05 09/01/05 09/16/05 02/15/06 02/23/06 PRINCIPAL DISBURSEMENTS Register of Wills, Letters Testamentary Cumberland Law Journal, advertising Letters Testamentary First Lutheran Church, funeral luncheon Vital records, Death Certificates for Esther Hoover Clair S. Tritt, June garage rental Borough of Carlisle, water and sewer service UG I, gas utility PPL, electric utility Sprint, telephone service Register of Wills, Short Certificates Ewing Brothers Funeral Home, Inc., funeral services Marsh Advantage America, property insurance PPL, electric utility Diversified Appraisal Service, real estate appraisal Borough of Carlisle, water and sewer service H&H Chevrolet, auto repairs The Sentinel, advertising Letters Testamentary Sprint, telephone service Vital Records, Death Certificates for Dennis Hoover Shevlin's Maintenance Service, cleaning services Jim Stokes, plumbing repairs PPL, electric utility Capital Tax Collection Bureau, local tax due PA Dept. of Revenue, tax due George L. Ebener & Assoc., realtor fee ERA-NRT, Inc., realtor fee Notary fee Borough of Carlisle, final water and sewer 1 % Real Estate Transfer Tax Register of Wills, estimated PA Inheritance Tax PPL, final electric utility UGI Utility, Inc., final gas service PA Dept. of Revenue, balance due Smith Elliott Kearns & Co. LLC, tax preparation fee Register of Wills, filing fee Register of Wills, additional probate expense -3- Loss 673.58 255.42 929.00 $ 3,302.78 364.00 75.00 208.72 90.00 45.00 16.18 69.40 19.00 19.00 80.00 315.92 362.00 19.24 275.00 32.36 36.04 129.77 13.80 90.00 195.81 42.95 21.19 2.72 40.00 2,455.00 2,405.00 5.00 16.18 810.00 55,000.00 10.30 4.56 8.00 210.00 15.00 50.00 03/14/06 PRINCIPAL DISBURSEMENTS (continued) Register of Wills, Short Certificate Reserved: Saidis, Shuff, Flower & Lindsay, attorney fee Manufacturers and Traders Trust Company, executor's fee Closing and Filing Costs 4.00 7,500.00 17,923.74 1,500.00 $ 90,479.88 Total Principal Disbursements 06/16/05 07/20/05 08/24/05 1 0/28/05 PRINCIPAL DISTRIBUTION TO BENEFICIARIES J. Herman Bosler Memorial Library Keystone Area Council of Boy Scouts Transfer to Trust ulWill Dennis E. Hoover Cumberland Goodwill Fire Rescue 1,000.00 5,000.00 1,224.53 2,000.00 $ 9,224.53 Total Principal Distributions 06/13/05 08/02/05 08/12/05 1 0/25/05 11/25/05 12/29/05 01/03/06 03/31/06 04/03/06 04/04/06 INCOME RECEIPTS Interest, US Series EE Bonds I nterest, US Series E Bonds Dividend, General Motors Corp. Dividend, Delphi Corp. Interest, US Series HH Bond Interest, Wachovia Acct. 300004399722 Interest, Western-Southern Life Assurance Co. Dividend, Prudential Financial Dividend, AMBAC Financial Pfd. 5.8750/0 Dividend, Morgan Stanley Corp Tr, IV Pfd. 6.250/0 Dividend, AMBAC Financial Pfd. 5.8750/0 Dividend, Morgan Stanley Cap Tr. IV Pfd. 6.250A> Interest, Wachovia Evergreen Money Market Fund Dividends, Money Market Fund 7-1-05 to 4-3-06 346.23 22.38 26.00 0.54 210.00 1.98 221 .91 78.00 187.26 201.95 187.26 201.95 10.11 10,382.84 $ 12,078.41 Total Income Receipts INCOME DISBURSEMENTS Manufacturers and Traders Trust Co., income commission $ 669.36 INCOME DISTRIBUTIONS TO BENEFICIARIES 09/30/05 Yvonne B. Karper Kenneth R. Miller Sandra M. Hunter Patricia Miller Porr 01/03/06 Yvonne B. Karper Kenneth R. Miller Sandra M. Hunter Patricia Miller Porr 520.89 520.89 520.89 520.90 956.81 956.81 956.81 956.82 -4- INCOME DISTRIBUTIONS TO BENEFICIARIES (continued) 03/31/06 Yvonne B. Karper Kenneth R. Miller Sandra M. Hunter Patricia Miller Porr 975.58 975.58 975.58 975.58 Total Income Distributions $ 9,813.14 MANUFACTURERS AND TRADERS TRUST COMPANY EXECUTOR DENNIS E. HOOVER C~ COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND Jane F. Burke, Vice President, Manufacturers and Traders Trust Company, Executor being duly sworn, depose and say that the foregoing Account, both as to the items of charge and discharge, are just and true to the best of her knowledge and belief. MANUFACTURERS AND TRADERS TRUST COMPANY EXECUTOR DENNIS E. HOOVER tn1- Jane Sworn to and Subscribed before me this ~ day of May, 2006. ~tk~ COMMONWEALTH OF PENNSYLVANIA Notarial SeaJ Gwendolyn E. Killian, Notary Public Car1isle Boro, Cumber1and County My Commission Expires Nov. 22, 2008 Member. Pennsylvania Association Of Notaries -5- IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVANIA ORPHANS' COURT DIVISION IN THE ESTATE OF DENNIS E. HOOVER LATE OF THE BOROUGH OF CARLISLE SCHEDULE OF PROPOSED DISTRIBUTION Balance for distribution as per First and Final Account, Filed May 19, 2006 $ 426,796.34 Distribution Manufacturers and Traders Trust Company Trustee u/Will FBO Yvonne B. Karper, Kenneth R. Miller, Sandra M. Hunter and Patricia Miller Porr Principal Cash I ncome Cash 425,200.43 1,595.91 $ 426,796.34 STATEMENT OF THE REASONS FOR THE PROPOSED DISTRIBUTION The above distribution is proposed in accordance with the terms of the Last Will and Testament of Dennis E. Hoover, late of the Borough of Carlisle, Cumberland County, P ~ Jane COMMONWEALTH OF PENNSYLVANIA : COUNTY OF CUMBERLAND Jane F. Burke, being duly sworn according to law, deposes and says that she is Vice President of Manufacturers and Traders Trust Company, the Account in the Estate above named, and that the facts set forth in the Statement of the Reasons for the Proposed Distribution are true and correct. rk~~ Jane . Burke, Vice President Sworn t~nd Subscribed before me this [) day of May, 2006. .K~ COMMONWEALTH OF PENNSYLVANIA Notarial Seal Gwendolyn E. 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