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HomeMy WebLinkAbout07-11-06 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYL VANIA ORPHANS' COURT DIVISION ESTATE OF C. JANE MYERS, DECEASED FILE NO. 2005-00783 FAMIL Y AGREEMENT AND FINAL RELEASE THIS AGREEMENT by and between BONNIE L. MOYER, as Executrix of the Estate of C. JANE MYERS, Deceased; BONNIE L. MOYER, SUSAN D. WERTZ and MATTHEW J. WERTZ, as beneficiaries; CHARLES M. MOYER, as a beneficiary and as Trustee of the Testamentary Trust for the benefit of ABIGAIL MOYER; JILL MORALES, as a beneficiary and as Trustee ofthe Testamentary Trust(s) for the benefit of KATHRYN ADAMS, SARAH ADAMS and MICHAEL MORALES; and JENNIE S. JONES, as a beneficiary and as Trustee of the Testamentary Trust for the benefit of KYLE M. JONES. WHEREAS, C. JANE MYERS, late of New Cumberland Borough, Cumberland County, Pennsylvania, died testate on August 15,2005, having first made her Last Will and Testament dated March 12,2001, which instrument was admitted to probate and is recorded in Cumberland County, Register of Wills, File No. 2005-00783; WHEREAS, BONNIE L. MOYER has been duly appointed as Executrix ofthe Estate of C. Jane Myers, Deceased; and WHEREAS, the parties in interest under the Last Will and Testament ofC. Jane Myers,.~ 1. Bonnie L. Moyer, daughter 2. Susan D. Wertz, daughter 3. Charles M. Moyer, grandson 4. Jill Morales, granddaughter Page 1 of 10 Deceased, are: <.:--) ; ! fv 'V' 5. Matthew J . Wertz, grandson 6. Jennie S. Jones, granddaughter 7. Charles M. Moyer, Trustee for the benefit of Abigail Moyer, great-granddaughter 8. Jill Morales, Trustee for the benefit of Kathryn Adams, great-granddaughter 9. Jill Morales, Trustee for the benefit of Sarah Adams, great-granddaughter 10. Jill Morales, Trustee for the benefit of Michael Morales, great-grandson 11. Jennie S. Jones, Trustee for the benefit of Kyle M. Jones, great-grandson WHEREAS, BONNIE L. MOYER and SUSAN D. WERTZ are each entitled to 17% of the residuary estate; WHEREAS, CHARLES M. MOYER, JILL MORALES, MATTHEW J. WERTZ and JENNIE S. JONES are each entitled to 8.25% of the residuary estate; WHEREAS, ABIGAIL MOYER is entitled to 6.60% ofthe residuary estate and since she has not attained the age of twenty-eight (28) and in accordance with the provisions of Articles V, VI, VII and VIII of the Will, her applicable beneficial share will be placed in a separate trust with CHARLES M. MOYER, TRUSTEE. Said share(s) may be disbursed according to the terms and conditions of Article VI of the Will. WHEREAS, KATHRYN ADAMS, SARAH ADAMS and MICHAEL MORALES are each entitled to 6.60% ofthe residuary estate and since they have not attained the age of twenty- eight (28) and in accordance with the provisions of Articles V, VI, VII and vrn of the Will, the applicable beneficial share(s) will be placed in separate trust(s) with JILL MORALES, TRUSTEE. Said share(s) may be disbursed according to the terms and conditions of Article VI of the Will. WHEREAS, KYLE M. JONES is entitled to 6.60% ofthe residuary estate and since he has not attained the age of twenty-eight (28) and in accordance with the provisions of Articles V, VI, VII and vrn of the Will, his applicable beneficial share will be placed in a separate trust with Page 2 of 10 JENNIE S. JONES, TRUSTEE. Said share(s) may be disbursed according to the terms and conditions of Article VI of the Will. WHEREAS, each of the parties to this Agreement have been furnished with a complete Statement of Account as attached hereto and marked as Exhibit A; WHEREAS, it is the desire of the parties to this Agreement that administration of this estate be completed and accomplished without a formal accounting to the Orphans' Court Division of the Court of Common Pleas of Cumberland County, it being the desire of the parties to avoid the expense, delay and publicity of a formal accounting; NOW, THEREFORE, WITNESSETH, in consideration ofthe mutual promises, covenants and agreements recited herein, the parties do agree as follows: 1. BONNIE L. MOYER, Executrix, does hereby state that she has fully and faithfully discharged the duties of her office, and the Statement of Account (Exhibit A) is true and correct and fully discloses all significant transactions during the accounting period. She further states that all known claims against the Estate have been paid in full, and to the best of her knowledge there are no claims outstanding against the Estate, and all taxes presently due from the Estate have been paid. 2. Each of the parties to this Agreement does hereby release and forever discharge the said Executrix, BONNIE L. MOYER, her heirs, executors, administrators and assigns, JAN L. BROWN & ASSOCIATES, attorneys at law, and JAN L. BROWN, ESQUIRE from any and all liability which may from time to time arise in connection with their service as Executrix and Attorneys ofthe Estate ofC. Jane Myers, Deceased. The parties do further agree to Page 3 of 10 indemnify and hold them harmless from any and all liability which may arise against the estate from creditors or claimants. 3. Each ofthe parties does hereby acknowledge receipt of the assets described on the distribution schedule. 4. Each ofthe parties acknowledges that this Agreement shall be indexed and recorded in the estate proceedings and that the terms hereof shall be binding upon their respective heirs, successors, administrators and assigns. 5. Each of the parties do further agree with each other and the aforesaid Executrix that should any liability come due to the estate of the said decedent after the signing of this Agreement, each will contribute pro rata his/her share of the estate to satisfy any and all claims, demands, suits or causes of action which may be successfully prosecuted against the said estate or the aforesaid Executrix after the signing, sealing and delivery of this Agreement. 6. This Agreement shall be governed by the laws ofthe Commonwealth of Pennsylvania. Page 4 of 10 IN WITNESS WHEREOF, I have hereunto set my hand and seal this lOth day of July, 2006. WITNESS: v3ttndcL 'I ~;;/,(1Aj; COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF DAUPHIN On this the 10th day of July, 2006 before me, a Notary Public, the undersigned officer, personally appeared BONNIE L. MOYER, known to me or satisfactorily proven to be the person whose name is subscribed to the within instrument, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. (J~k{<< ~'fJ- Nota ublic l MMOftWEAlTH OF PENNSYlVANIA NOTARIAL SEAl JACOUEUNE A. KEll'( NOTARY PUBLIC IDWER PAXTON TWP., DAUPHIN COUNTY MY COMMISSION EXPIRES DEC. 11,2007 Page 5 of 10 IN WITNESS WHEREOF, I have hereunto set my hand and seal this th day of July, 2006. WITNESS: 'dJU/J ria ~ 'r 4z6. aIli: COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF DAUPHIN On this the th day of July, 2006 before me, a Notary Public, the undersigned officer, personally appeared SUSAN D. WERTZ, known to me or satisfactorily proven to be the person whose name is subscribed to the within instrument, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. Ja~!J~. ot ublic 7 COMMONwEAlTH OF PENNSYlVANIA NOTARIAL SEAl JACQUEUf(E A. KEll'( NOTARY PUBlIC lOWER PAXTON TWP., DAUPHIN COUNTY IllY COMMISSION EXPIRES DEC. 17.2007 Page 6 of 10 IN WITNESS WHEREOF, I have hereunto set my hand and seal this 7th day of July, 2006. WITNESS: ~mdrL 1- k( pAd --------.--. COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF DAUPHIN On this the 7th day of July, 2006 before me, a Notary Public, the undersigned officer, personally appeared MATTHEW J . WERTZ, known to me or satisfactorily proven to be the person whose name is subscribed to the within instrument, and acknowledged that he executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. 16f~a~ U~~ f}bliC . 0- MMONWEAlYH OF PENNSYlVANIA NOTARIAL SEAl JACOUEuNE A. 1lELl'( NOTARf PU8UC lOWER PAXTON TWP., DAUPHIN COUN1Y MY COMMISSION EXPIRES DEe. 17, 2007 Page 7 of 10 IN WITNESS WHEREOF, I have hereunto set my hand and seal this 10th day of July, 2006. WITNESS: ~dtJ, t~cMC CHARLES M. MOYER, B e iary and Trustee under the Will of C. Jane rs for trust created for the benefit of ABIGAIL OYER COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF DAUPHIN On this the 10th day of July, 2006 before me, a Notary Public, the undersigned officer, personally appeared CHARLES M. MOYER, known to me or satisfactorily proven to be the person whose name is subscribed to the within instrument, and acknowledged that he executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. COMMONWEAlTH OF PENNSYlVANIA NOTARIAL SEAL JACOUEUNE A. KEll'( NOTARY PUBLIC IDWER PAXTON TWP., DAUPHIN COUNTY MY COMMISSION EXPIRES DEC. 17, 2007 Page 8 of 10 IN WITNESS WHEREOF, I have hereunto set my hand and seal this 10th day of July, 2006. WITNESS: ~/)da.r~~ad' / '--../'0'/; JILL M! RALES, Beneficiary and Trustee under the Will of . Jane Myers for trusts created for the benefit of KATHRYN ADAMS, SARAH ADAMS and MICHAEL MORALES COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF DAUPHIN On this the lOth day of July, 2006 before me, a Notary Public, the undersigned officer, personally appeared JILL MORALES, known to me or satisfactorily proven to be the person whose name is subscribed to the within instrument, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. COMMONWEALTH OF PENNSYlVANIA NOTARIAL SEAl JACOUEUNE A. KEllY; NOTARY PUBUC lDWER PAXTON TWP., DAUPHIN COUNTY MY COMMISSION EXPIRES DEC. 17, 2007 Page 9 of 10 IN WITNESS WHEREOF, I have hereunto set my hand and seal this th day of July, 2006. WITNESS: '13 tJ/ldo.- t t/r~oAJ; S. NES, Benefic' ry and Trustee under ill of C. Jane Myers fo trust created for the t of KYLE M. JONES COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF DAUPHIN On this the th day of July, 2006 before me, a Notary Public, the undersigned officer, personally appeared JENNIE S. JONES, known to me or satisfactorily proven to be the person whose name is subscribed to the within instrument, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. COMMONWEALTH OF PfNNSYlVANIA NOTARIAL SEAL .:oUEUNE A. KEllY, NOTARY PUBLIC MY J:.MPAXTISSlON. TWP., DAUPHIN COUNTY ON EXPIRES DEC. 17. 2001 Page 10 of 10 STATEMENT OF ACCOUNT OF THE ESTATE OF C. JANE MYERS Date of Death 8/15/2005 Personal Property (date of death value) 318 Fifth St, New Cumberland, PA 1 Household goods US Savings Bonds, Series HH (4 @ $500) American Funds; 3,193.859 shs @ $53.69/sh American Funds; 6,753.060 shs @ $18.70/sh American Funds; 6,627.582 shs @ $18.20/sh Cash on hand Sovereign CD 2295282814 Sovereign CD 2295282806 Reimbursements and refunds Total Assets Income Earned Since Date of Death Interest American Funds; dividends Realized loss on sale of American Funds Total Income Expenses Funeral expense Legal fee; J an L Brown Executrix fee; Bonnie L. Moyer Administrative costs; real property Administrative costs; other Debts of decedent Tax: Inheritance Tax: State Income Total Expenses Net Assets Available for Distribution 6/19/2006 Exhibit A, Page 1 $141,000.00 $1,500.00 $2,000.00 $171,478.29 $126,282.22 $120,621.99 $150.00 $5,422.34 $17,039.97 $2,843.19 $588,338.00 $10,141.31 $3,245.72 -$364.30 $13,022.73 -$849.00 -$18,843.00 -$15,000.00 -$12,430.60 -$1,351.22 -$4,750.53 -$24,576.54 -$430.00 -$78,230.89 $523,129.84 . DISTRIBUTION TO BENEFICIARlES2 PURSUANT TO WILL DATED MARCH 12,2001 Household goods to family members 1 Bonnie L Moyer, daughter 17% residuary estate Susan D Wertz, daughter 17% residuary estate Charles M Moyer, grandson 8.25% residuary estate Jill Morales, granddaughter 8.25% residuary estate Matthew J Wertz, grandson 8.25% residuary estate Jennie S Jones, granddaughter 8.25% residuary estate Trust fbo Abigail Moyer, great-granddaughter 6.60% residuary estate Trust fbo Kathryn Adams, great-granddaughter 6.60% residuary estate Trust fbo Sarah Adams, great-granddaughter 6.60% residuary estate Trust fbo Michael Morales, great-grandson 6.60% residuary estate Trust fbo Kyle M Jones, great-grandson 6.60% residuary estate Total Distribution $1,500.00 $88,677.08 $88,677.07 $43,034.46 $43,034.46 $43,034.46 $43,034.46 $34,427.57 $34,427.57 $34,427.57 $34,427.57 $34,427.57 $523,129.84 1 Upon mutual agreement, household goods were distributed to various family members but are not being considered as part of the residuary estate for purposes of distribution calculations. 2After final distribution is made, the residuary beneficiaries agree to reimburse the personal representative if called upon to pay further liabilities of the decedent in the future. 6/1912006 Exhibit A, Page 2