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Home My WebLink About05-18-06 IN RE: ESTATE OF JEAN M. KOONS, LATE OF THE BOROUGH OF SHIREMANSTOWN, CUMBERLAND COUNTY, PENNSYLVANIA, DECEASED IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NO. 21-06-0015 NOTICE OF FILING ACCOUNT NOTICE IS HEREBY GIVEN that James D. Bogar, Executor of the Estate of JEAN M. KOONS, deceased, has this date filed his First and Final Account and Statement of Proposed Distribution in the above-captioned Estate in the Cumberland County Register of Wills Office where the same is filed as public record and may be inspected. Enclosed herewith is a copy of the First and Final Account as filed. YOU ARE FURTHER notified that any exceptions or objections to said Account must be filed in writing at the Cumberland County Clerk of the Orphans' Court Office not later than the audit day of said Account sched- uled as set forth below. UNLESS written exceptions or objections are filed thereto, said Account will be presented to the above-captioned Court at 9:30 A.~1. on Tuesday, June 20, 2006, at which time said Account will be audited. Date: May \e, 2006 , Esquire he Estate One West Main Street Shiremanstown, PA 17011 (717) 737-8761 cc: Merrilee Hart Bender and James Bender James D. Bogar, Esquire, Executor :) ~ r\ . 9 Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division No. 21-06-0015 Estate of Jean M. Koons, Deceased FIRST AND FINAL ACCOUNT AND STATEMENT OF PROPOSED DISTRIBUTIONS James D. Bogar, Executor Date of Death: 12/27/2005 Date of Executor's Appointment 01/06/2006 Date of First Advertisement of Letters: 01/17/2006 Accounting for the Period: 12/27/2005 to 05/17/2006 Purpose of Account: James D. Bogar, Executor, offers this account to acquaint interested parties with the transactions that have occurred during this administration. It is important that the account be carefully examined. Requests for additional information or questions or objections can be discussed with: James D. Bogar Attorney Identification No. 19475 Bogar & Hipp Law Offices One West Main Street Shiremanstown, PA 17011 t~ _, 717-737-8761 t.. '+ GROSS ESTATE (Principal Receipts + Income Receipts) 910,524.63 ) .. " SUMMARY OF ACCOUNT Estate of Jean M. Koons, Deceased For the period of December 27. 2005 throuah Mav 17. 2006 Proposed Distributions to Beneficiaries PRINCIPAL Receipts: This Account Net Gain (or Loss) on Sales or Other Dispositions Less Disbursements: Debts of Decedent Funeral Expenses Administration Expenses Federal and State Taxes Commissions Fees Family Exemption Balance Before Distributions Transfer to (from) Principal Distributions to Beneficiaries Principal Balance on Hand For Information: Investments Made Changes in Investment Holdings INCOME Receipts This Account Net Gain (or Loss) on Sales or Other Dispositions Less Disbursements Balance Before Distributions Transfer to (from) Income Distributions to Beneficiaries Income Balance on Hand For Information: Investments Made Changes in Investment Holdings COMBINED BALANCE ON HAND 9 6,440.96 0.00 6,440.96 0.00 6,440.96 0.00 0.00 6,440.96 Paqe 10 1 - 4 5 6 6 6-7 7 7 8 " Current Value 47.95 8,141.00 4,422.07 118,179.76 0.00 38,855.00 0.00 I, Fiduciary Acquisition Value 243,866.53 904,083.67 432.68 904,516.35 169,645.78 734,870.57 0.00 497,445.00 237,425.57 243,866.53 " SCHEDULE A RECEIPTS OF PRINCIPAL Fiduciary Acquisition Value Cash 12/27/2005 Commerce Bank - Personal Checking Account 13.102.72 No. 082001017, date of death value $13,102.72, accrued interest $1.03 12/27/2005 Commerce Bank - Certificate of Deposit No. 33.108.59 800552, date of death value $33,108.59, accrued interest $63.79 12/27/2005 Commerce Bank - Certificate of Deposit No. 15.732.25 801295, date of death value $15,732.25, accrued interest $27.85 12/27/2005 Commerce Bank - Certificate of Deposit No. 51.862.04 801355, date of death value $51,862.04, accrued interest $44.48 12/27/2005 Commerce Bank - Certificate of Deposit No. 25.668.30 801375, date of death value $25,668.30, accrued interest $26.65 12/27/2005 Commerce Bank - Certificate of Deposit No. 19.797.35 801484, date of death value $19,797.35, accrued interest $36.89 12/27/2005 Commerce Bank - Certificate of Deposit No. 27.005.48 801485, date of death value $27,005.48, accrued interest $50.32 12/27/2005 M & T Bank - Personal Checking Account No. 20.827.37 52380874, date of death value $20,827.37, accrued interest $0.23 12/27/2005 M & T Bank - Certificate of Deposit No. 16.589.17 031003913914006, date of death value $16,589.17, accrued interest $70.74 12/27/2005 M & T Bank - Certificate of Deposit No. 7.458.13 031003913914163, date of death value $7,458.13, accrued interest $9.13 12/27/2005 M & T Bank - Certificate of Deposit No. 52.214.08 031003914523468, date of death value $52,214.08. accrued interest $445.87 12/27/2005 Met Life Trust - Check received for interests 22.36 prior to date of death 1 " SCH EDU LE A RECEIPTS OF PRINCIPAL Continued Fiduciary Acquisition Value 12/27/2005 Sovereign Bank - Money Market Account No. 26,907.89 0571139477, date of death value $26,907.89, accrued interest $9.28 12/27/2005 Sovereign Bank - Certificate of Deposit No. 22.346.59 0575131529, date of death value $22,346.59, accrued interest $50.74 12/27/2005 Sovereign Bank - Certificate of Deposit No. 22,388.66 0575131594, date of death value $22,388.66, accrued interest $44.01 12/27/2005 Sovereign Bank - Certificate of Deposit No. 11,802.25 0575132881, date of death value $11,802.25, accrued interest $18.57 12/27/2005 Sovereign Bank - Certificate of Deposit No. 32.577 .44 0575135496, date of death value $32,577.44, accrued interest $64.04 12/27/2005 Sovereign Bank - Certificate of Deposit No. 13.616.78 0575136767, date of death value $13,616.78, accrued interest $36.29 12/27/2005 Wachovia Bank - Personal Checking Account 95.460.56 No.1 01 0092968149, date of death value $95,460.56, accrued interest $74.49 12/27/2005 Wachovia Bank - Certificate of Deposit No. 18,522.51 247412050995780, date of death value $18,522.51, accrued interest $22.55 12/27/2005 Wachovia Bank - Certificate of Deposit No. 25,242.97 247402062029912, date of death value $25,242.97, accrued interest $6.75 12/27/2005 Wachovia Bank - Certificate of Deposit No. 26,248.70 247404062033201, date of death value $26,248.70, accrued interest $60.83 12/27/2005 Wachovia Bank - Certificate of Deposit No. 48.618.78 247402062074211, date of death value $48,618.78, accrued interest $71.02 12/27/2005 Wachovia Bank - Certificate of Deposit No. 25,905.44 247402062103079, date of death value $25,905.44, accured interest $34.66 12/30/2005 Travelers Insurance - Check for refund of 84.00 insurance premium 01/19/2006 Country Meadows - Refund 2,294.52 2 .. SCHEDULE A RECEIPTS OF PRINCIPAL Continued Fiduciary Acquisition Value 01/19/2006 M& T Bank - Difference Between date of death 1.715.38 value and close-out value of account 01/26/2006 Met Life - Claim Payment (Not Taxable) Paid to 4.455.58 Estate 01/31/2006 Comcast - Refund 70.05 02/02/2006 American Income Life Insurance - Death Benefit 1.612.00 04/06/2006 Donegal Insurance Company - Refund 205.00 Homeowner Insurance Premium 04/18/2006 U.S. Treasury - Personal Income Tax Refund 159.00 04/20/2006 Commonwealth of Pennsylvania - Personal 169.00 Income Tax Refund 663.790.94 Personal Prooertv 12/27/2005 Personal Property - per attached appraisal 2.545.00 2.545.00 Stocks I Listed 12/27/2005 Metlife Inc - 43 Shares - Com 2.111.73 2.111.73 Bonds 12/27/2005 US Savings Bonds - 2 Series EE Bonds - total 22.236.00 value $22,236.00 12/27/2005 US Savings Bonds -10 Series HH Bonds- 58.500.00 various denominations - total value $58,500.00 80.736.00 3 .. SCHEDULE A RECEIPTS OF PRINCIPAL Continued 12/27/2005 Real Estate Real Estate - All that certain piece or parcel of real estate having erected thereon a dwelling house known and numbered as 303 W. Courtland Avenue, Shiremanstown, Pennsylvania. The property was aquired by Thelma P. Grissinger and Jean M. Koons, by deed dated March 28, 1985 and recorded March 28, 1985 in the Cumberland County Recorder of Deeds Office, a copy of said Deed being attached hereto and incorporated herein. The said Thelma P. Grissinger died May 13,1985, whereupon full and complete title to the real estate became vested soley in Jean M. Koons. The above-described real estate was transferred to Merrilee Hart Bender and James Bender, residuary beneficiaries of the Estate of Jean M. Koons. A copy of said deed of conveyance is attached hereto. Date of death value is listed on the attached appraisal. 154.900.00 Total Receipts of Principal 4 Fiduciary Acquisition Value 154.900.00 904.083.67 SCHEDULE B GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS - PRINCIPAL Gain Loss 01/18/2006 US Savings Bonds - Sold 2 Series EE Bonds Net Proceeds 22.680.00 Fiduciary Acquisition Value -22.236.00 444.00 01/27/2006 Metlife Inc - Sold Net Proceeds 2.100.41 Fiduciary Acquisition Value -2.111.73 -11.32 02115/2006 US Savings Bonds - 10 Series HH Bonds redeemed Net Proceeds 58.500.00 Fiduciary Acquisition Value -58.500.00 0.00 TOTAL GAINS AND LOSSES/PRINCIPAL 444.00 LESS LOSS -11.32 NET GAIN OR LOSS 432.68 5 SCHEDULE C DISBURSEMENTS OF PRINCIPAL Debts of Decedent 01/16/2006 Metro Med Services Total Debts of Decedent 01/16/2006 Funeral Expenses W. Orville Kimmel Funeral Home Total Funeral Expenses 01/06/2006 01/10/2006 01/16/2006 01/16/2006 01/16/2006 Administration Expenses Register of Wills Cumberland Law Journal - Legal Advertising Gary R. Sebolt - Real Estate Appraisal Fee North East Waste Services State Employees Retirement System - Reumburse overpayment of State retirement Lower Allen Township - Sewer Bill Pennsylvania American Water PPL US Postal Service - Certified mail to American Income Life Insurance US Postal Service - certified mail to Met Life Verizon - final bill Linden Hall Antiques - Personal Property Appraisal Fee Montour Home Comfort Services - oil delivery Pennsylvania American Water The Patriot News - legal advertising PPL Pennsylvania American Water 01/17/2006 01/17/2006 01/17/2006 01/17/2006 01/17/2006 01/17/2006 01/23/2006 01/23/2006 01/24/2006 02114/2006 02116/2006 02121/2006 6 47.95 8.141.00 580.00 75.00 350.00 31.65 190.73 30.00 11.75 19.69 5.12 5.12 37.20 85.00 162.61 11.87 103.65 21.54 1.30 47.95 8.141.00 SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued 02128/2006 03/07/2006 03/10/2006 03/21/2006 TO BE PAID Recorder of Deeds - Filing fee for deed PPL Pennsylvania American Water Register of Wills - Additional Probate Fee RESERVES: - Cost to conclude administration of Estate, including filing fee for PA Inheritance Tax Return, Inventory and First and Final Account; preparation of Fiduciary Income Tax Return Register of Wills - Filing Fee Pa. Inheritance Tax Return and Inventory Total Miscellaneous Administrative Expenses 03/24/2006 Federal and State Taxes 03/24/2006 Register of Wills, Agent - Pa. Inheritance Tax Payment, Paid with Return Total Taxes 03/16/2006 Fees Waggoner Fruitiger & Daub - Accountant's fee for preparation of 2005 Personal Income Tax Returns Bogar & Hipp Law Offices - Attorney's fees for representation of Estate per agreement Bogar & Hipp Law Offices - Attorney's fees for representation of Estate per agreement Total Fees 03/21/2006 TO BE PAID TOTAL DISBURSEMENTS OF PRINCIPAL 7 40.00 19.56 10.28 100.00 2.500.00 30.00 118.179.76 355.00 19.250.00 19.250.00 4,422.07 118.179.76 38.855.00 169.645.78 SCHEDULE D DISTRIBUTIONS OF PRINCIPAL 01/01/2006 Personal Property - Distributed to Merrilee Hart Bender and James Bender Real Estate - Transferred to residuary beneficiaries Marrilee Hart Bender and James Bender Merrilee R. Bender & Charles J. Bender - Distribution Pauline Oiler - Specific Bequest United Church of God - Specific Bequest 03/0212006 03/29/2006 03/29/2006 03/29/2006 2.545.00 154.900.00 200.000.00 125.000.00 15.000.00 TOTAL DISTRIBUTIONS TO BENEFICIARIES 8 497.445.00 497,445.00 SCHEDULE G RECEIPTS OF INCOME Interest/Ban k 01/09/2006 Commerce Bank - Total of all interest earned in 152.86 all Commerce Bank accounts from date of death through close-out of accounts 01109/2006 M& T - Interest earned on Certificates of Deposit 62.92 (3) from date of death through close-out 01/09/2006 Sovereign Bank - Total of all interest earned in 319.99 all Sovereign Bank accounts from date of death through close-out of accounts 01109/2006 Wachovia Bank - Total of all interest earned in 494.49 all Wachovia Bank accounts from date of death through close-out of accounts 02127/2006 Federal Reserve Bank - Miscellaneous Savings 400.00 Income (Bonds) 04/14/2006 Commerce Bank/Harrisburg N.A. - Interest 20.92 earned in Estate checking account No. 0537048282 04/30/2006 Commerce Bank/Harrisburg N.A. - Interest 4.989.78 earned in Estate savings account No. 0626719678 TOTAL BANK INTEREST 6.440.96 TOTAL RECEIPTS OF INCOME 6.440.96 9 PROPOSED DISTRIBUTIONS TO BENEFICIARIES TO: Merrilee R. Bender & Charles J. Bender - Proposed Distribution 10 Total Current Value 05/17/2006 or as noted Fiduciary Acquisition Value 243.866.53 243.866.53 243.866.53 " Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division No. 21-06-0015 Estate of Jean M. Koons, Deceased Affidavit James D. Bogar, Executor, under the Last Will and Testament of Estate of Jean M. Koons, Deceased, hereby declares under oath that he/she has fully and faithfully discharged the duties of his/her office; that the foregoing Account is true and correct and fully discloses all significant transactions occurring during the accounting period; that all known claims against the estate have been paid in full; that, to his/her knowledge, there are no claims now outstanding against the estate; that all taxes presently due from the estate have been paid; and that more than four months have elapsed since the first complete advertisement of the granting of letters in this estate. Subscribed and sworn to before me this 'l-1-l......day of rVlCl y , 200~, ~)) n LO 71. uJ.J)11Q/fWJ Notary Public COMMONWEALTlI OF PENNSYlVANIA NOTARIAL SEAL BONNIE L. WILUAMS, NOTARY PUBUe SHIREMANSTOWN BORO., CUMBERLAND eo. MY:COMMISSION EXPIRES APRIL 18 2009 ~ ~ " LAST WILL AND TESTAMENT OF JEAN M. KOONS I, JEAN M. KOONS, of ShiremanstoWTI, Cumberland County, Pennsylvania, make, publish and declare this as and for my Last Will and Testament, hereby revoking all other wills and Codicils heretofore made by me. FIRST: I give and bequeath the sum of One Hundred Twenty-five Thousand and No/100 ($125,000.00) Dollars to the PAULINE OILER, of 1304 Spring Road, Carlisle, Pennsylvania, provided, however, that should she predecease me, then to MERRILEE HART BENDER and JAMES BENDER, wife and husband, or the survivor thereof, of 813 Rosemont Avenue, New Cumberland Pennsylvania. SECOND: I give and bequeath the sum of Fifteen Thou- sand and No/100 ($15,000.00) Dollars to the Church of God, of 1211 Fairmont Drive, Harrisburg, Pennsylvania, to be used for general church purposes as the Church of God deems appropriate. THIRD: I devise and bequeath all the rest, residue and remainder of my estate of whatever nature and wherever situate, including any property over which I hold power of appointment and together with any insurance policies thereon, to MERRILEE HART BENDER and JAMES BENDER, wife and husband, or the survivor thereof. FOURTH: In addition to all powers granted to them by law and by other provisions of this Will, I give the fiduciaries acting hereunder the following powers, applicable to all prop- erty, exercisable without court approval and effective until actual distribution of all property: - ~ i ~ " .' (A) To sell at public or private sale, or to lease, for any period of time, any real or personal property and to give options for sales, exchanges or leases, for such prices and upon such terms (including credit, with or without security) or conditions as are deemed proper. This includes the power to give legally sufficient instruments for transfer of the property and to receive the proceeds of any disposition of it. (B) To partition, subdivide, or improve real estate and to enter into agreements concerning the partition, subdivi- sion, improvement, zoning or management of real estate and to impose or extinguish restrictions on real estate. (C) To compromise any claim or controversy and to abandon any property which is of little or no value. (D) To invest in all forms of property, including stocks, common trust funds and mortgage investment funds, without restriction to investments authorized for Pennsylvania fiduci- aries, as are deemed proper, without regard to any principle of diversification, risk or productivity. (E) To exercise any option, right or privilege granted in insurance policies or in other investments. (F) To exercise any election or privilege given by the Federal and other tax laws, including, but not necessarily being limited to, personal income, gift and estate or inheritance tax laws. (G) To make distributions to my herein named benefici- aries in cash or in kind or partly in each. (H) To borrow money from themselves or others in order to pay debts, taxes, or estate or trust administration expenses, to protect or improve any property held under my will, and for investment purposes. 2 l ~ ~ ~ " ." " (I) To select a mode of payment under any qualified retirement plan (pension plan, profit sharing plan, employee stock ownership plan, or any other type of qualified plan) to the extent the plan or the law permits them to do so, and to exercise any other rights which they may have under the plan, in whatever manner they consider advisable. FIFTH: I direct that all inheritance, estate, trans- fer, succession and death taxes, of any kind whatsoever, which may be payable by reason of my death, whether or not with respect to property passing under this Will, shall be paid out of the principal of my residuary estate. SIXTH: All interests hereunder, whether principal or income, which are undistributed and in the possession of the fiduciaries acting hereunder, even though vested or distribut- able, shall not be subject to attachment, execution or sequestra- tion for any debt, contract, obligation or liability of any beneficiary, and furthermore, shall not be subject to pledge, assignment, conveyance or anticipation. SEVENTH: I nominate and appoint JAMES D. BOGAR, Executor of this, my Last Will and Testament. In the event of the death, resignation or inability to serve for any reason whatsoever of the said JAMES D. BOGAR, I nominate and appoint WAYPOINT BANK, of Camp Hill, Pennsylvania, Executor of this, my Last Will and Testament. I direct that my Executor, and their successors, shall not be required to post security or a bond for the performance of their duties in any jurisdiction. 3 t' t" .. ." t" IN WITNESS WHEREOF, I have hereunto set my hand and seal to this, my Last Will and Testament, this /~~ day of ~ , 2003. ~77!,~ JE. M. KOONS (SEAL) Signed, sealed, published and declared by the above- named Testatrix as and for her Last Will and Testament in our presence, who, at her request, in her presence and in the presence of each other, have hereunto subscribed our names as attesting witnesses. Address fJ~~ ...._.. H~ .......'"-, . .'\ .f C bZ. / 2f ~ L.A..Jo-~"\/' I \ 0 Address 4 -- ~-~ .~ ~ ._ v \:l l.O <ll ~ ::. 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