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INRE:
ESTATE OF RAYMOND E. GREGORY,
DECEASED
: IN THE COURT OF COMMON PLEAS
: CUMBERLAND COUNTY, PENNSYLVANIA
: ORPHANS' COURT DIVISION
: NO. 21-2005-01085
STATEMENT OF PROPOSED DISTRIBUTION OF
MID PENN BANK, ADMINISTRATOR OF THE ESTATE OF
RAYMOND E. GREGORY, DECEASED
The balance for distribution as shown on the First and Final Account of Mid Penn Bank,
Administrator of the Estate of Raymond E. Gregory, deceased, is $245,395.84. Distribution of
the remaining balance as set forth in said account is proposed as follows:
Share Fiduciary Value
TO: Jennifer S. Gregory
Tangible Personal Property
1/2
$ 10,955.00
Principal Cash
1/2
$
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Income Cash
1/2
One-halftenant-in-common interest in real property
situate at 305 E. Elmwood Ave., Mechanicsburg, P A,
more fully described in Cumberland County Recorder
of Deeds Deed Book 0031R, Page 0789 and in
Exhibit "A", which is attached hereto and made a part hereof
1/2
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$ 107,~.00
TO: John K. Gregory
Tangible Personal Property
1/2
$ 10,955.00
Principal Cash
1/2
$ 3,733.12
Income Cash
1/2
$ 509.80
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Share Fiduciary Value
TO: John K. Gregory (con't.)
One-halftenant-in-common interest in real property
situate at 305 E. Elmwood Ave., Mechanicsburg, PA,
more fully described in Cumberland County Recorder
of Deeds Deed Book R Volume 31, Page 0789 and in
Exhibit "A", which is attached hereto and made a part hereof
1/2
$ 107.500.00
TOTAL PROPOSED DISTRIBUTIONS
$ 245,395.84
By:
Title:
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Exhibit "A"
Legal description of real property shown in
Proposed Schedule of Distribution
ALL THAT CERTAIN piece or parcel ofland situate in the Borough of
Mechanicsburg, Cumberland County, Pennsylvania, more particularly bounded and
described as follows:
BEGINNING at a point on the northern side of East Elmwood Avenue, two hundred
ninety-three and twenty-six hundredths (293.26) feet East ofthe intersection of East
Elmwood Avenue and Shepherdstown Road, also at the dividing line between Lots Nos.
1 and 2 on the hereinafter mentioned Plan of Lots; thence North 13 degrees 59 minutes
West along the same, one hundred sixty-five and twenty hundredths (165.20) feet to a
point at line oflands now or late, referred to as Koser Park; thence North 73 degrees 45
minutes along the same, one hundred fifteen and nine hundredths (115.09) feet to a point;
thence South 13 degrees 59 minutes East, one hundred sixty-nine and seventy-five
hundredths (169.75) feet to a point on the northern side of East Elmwood Avenue; thence
South 76 degrees 01 minute West along the same, one hundred fifteen (115) feet to a
point, the place of BEGINNING.
BEING Lot No.2 on Plan No.1 of Georgetown, recorded in Plan Book 20, Page 59,
Cumberland County records.
HAVING thereon erected a split-level dwelling house known as 305 East Elmwood
Avenue.
BEING THE SAME PREMISES which Raymond E. Gregory and Karen F. Gregory, his
wife, ofthe Borough of Mechanicsburg, Cumberland County, Pennsylvania, by deed
dated January 17, 1986 and recorded in the Cumberland County Recorder of Deeds
Office in Deed Book "R" Volume 31, Page 789 granted and conveyed to Raymond E.
Gregory.
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COMMONWEALTH OF PENNSYLVANIA
COUNTY OF D~\r... ,\ '""--
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On this, the n day of c:::> c L, , 2006, before me, the undersigned officer,
personally appeared A~ \'cc..~... G~l''^-I..: who acknowledged himsel~ be the
<"\vu. ~ ~"'\'c""'- of MID PENN BANK, and that h@ as such
<T vu-~-t ~:::>f.~'\'cc:..r- , being authorized to do so, executed the foregoing instrument for
the purposes therein contained by signing the name of the bank by himsel~
'1v\.J-'::)-\:" Ok\'c~
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
L.-q L~.r)
Notary Public
COMMO ALTH OF PENNSYLVANIA
NotarialSea1
Ci~~~~~~=ty
My Commission ~ires llec. 2, 2006
Member, PennsYlvania A,ssociatioo ')f Notaries
My Commission Expires:
(SEAL)
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IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA
ORPHANS' COURT DNISION
NO. 2005-01085
FIRST AND FINAL ACCOUNTING OF
Mid Penn Bank, Administrator
For
ESTATE OF RAYMOND E. GREGORY
Date of Death:
October 19, 2005
Date of Appointment:
February 13,2006
Date of First Complete Advertisement: March 17,2006
'T-b.~\crt ()eU..)s \Yl<krc..h \ I <i', 15 6loc~
('I.\-'3" . 'C0~rs-1--) ~ 10 \--a ..... "....01
A~countmg forme Penod: j \ I -..v '-11 October 19, 2005
To September 30, 2006
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Purpose of Account: Mid Penn Bank, Administrator, offers this account to acquaint interested parties with the
transactions that have occurred.
The account also indicates the proposed distribution of the Estate assets.
It is important that the account be carefully examined. Requests for additional infonnation, or questions, or
objections, can be discussed with:
David K. Kroft, Esquire
Rhoads & Sinon LLP
One South Market Square, 12th Floor
P.O. Box 1146
Harrisburg, PAl 71 08-1146
(717) 233-5731
607364.1
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Estate of Raymond E. Gregory
Summary of Account
Principal Page
Receipts 2 $ 361,650.31
Net Loss on Sales or Other Dispositions 4 (24,285.04)
$ 337,365.27
Less Disbursements: 6
Debts of Decedent $ 1,797.58
Funeral Expenses 7,612.00
Administrative Expenses 33,801.91
Federal & State Taxes 31,733.35
Fees & Commissions 14,'mo 00
89,444.84
Balance Before Distributions $ 247,920.43
Less Distributions to Beneficiaries 12 3,544.20
Principal Balance On Hand 13 $ 244,376.23
For Information:
Investments Made 14
Unpaid Expenses
Unrealized Gains and Losses
Income
Receipts 16 $ 1,019.61
Net Gain on Sales or Other Dispositions 18 0.00
$ 1,019.61
Less Disbursements: 19
000
Balance Before Distributions $ 1,019.61
Less Distributions to Beneficiaries 20 000
Income Balance on Hand 21 $ 1,019.61
For Information:
Investments Made
Unpaid Expenses
Unrealized Gains and Losses
Combined Balance on Hand $ 245,395.84
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Estate of Raymond E. Gregory
Receipts of Principal
Inventory Value
Cash and Cash Equivalents 10/19/2005
Members 1st Federal Credit Union
checking account # 16031-11 $ 2,558.76
Interest to Date of Death 0.35
Cash found in residence 176.00
Civil Service Pension 10,612.39
Members 1st Federal Credit Union
savings account # 16031-00 542.51
Interest to Date of Death 0.27
USAA Insurance - refund of late fee 15.00
Total Cash and Cash Equivalents $ 13.905.28
No. of
Shares Stocks
2,600 EBA Y Inc Common $ 106,964.00
6 IV AX Corp Common 164.00
59 Paradigm Holdings Wyoming 162.25
13 Siti-sites.com Inc 0.39
6 Southmark Corp 0.18
100 Towle Mfg Co Pfd A 0.01
Total Stocks 107.290.83
Tangible Personal Property
1968 Chevrolet Camaro $ 11,000.00
1988 Isuzu Rodeo 375.00
Tangible personal property 10,535.00
Total Tangible Personal Property 21.910.00
(2)
(3)
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Estate of Raymond E. Gregory
Gains and Losses on Sales or Other Dispositions of Principal
Net Gain Net Loss
11/01/2005 Collection
Civil Service Pension
Net Proceeds $ 3,491.13
Carried at 3,491.13
12/01/2005 Collection
Civil Service Pension
Net Proceeds $ 3,491.13
Carried at 3,491.13
01/03/2006 Collection
Civil Service Pension
Net Proceeds $ 3,630.13
Carried at 3,630.13
02/06/2006 Sale
6 Shares
IV AX Corp Common
Inventoried at $ 164.00
Net Proceeds 150.50 $ 13.50
05/16/2006 Sale
2,600 Shares
EBA Y Inc Common
Inventoried at $ 106,964.00
Net Proceeds 82,742.60 24,221.40
05/16/2006 Sale
59 Shares
Paradigm Holdings Wyoming
Inventoried at $ 162.25
Net Proceeds 112.11 50.14
(4)
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Gains and Losses on Sales or Other Dispositions of Principal (Continued)
Net Gain Net Loss
05/16/2006 Sale
13 Shares
Siti-sites.com Inc
Net Proceeds
Inventoried at
$
0.57
0.39
$
0.18
05/16/2006 Sale
6 Shares
Southmark Corp
Inventoried at
Net Proceeds
$
0.18
0.00
$
0.18
05/30/2006 Collection
Cash found in residence
Net Proceeds $
Carried at
176.00
176.00
06/21/2006 Sale
100 Shares
Towle Mfg Co Pfd A
Net Proceeds $
Carried at
0.01
0.01
07/31/2006 Collection
USAA Insurance - refund of late fee
Net Proceeds $
Carried at
15.00
15.00
Total Gains and Losses
Net Loss
$
0.18 $ 24,285.22
$ 24.285.04
(5)
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Estate of Raymond E. Gregory
Disbursements of Principal
Date Paid Amount Paid
Debts of Decedent
Capital Area Surgical Associates, PC
05/15/2006 Medical expense $ 308.92
Total Capital Area Surgical Associates, PC $ 308.92
Hematology & Oncology Consultants of P A, PC
05/15/2006 Medical expense $ 153.48
Total Hematology & Oncology Consultants of P A,
PC $ 153.48
Kantor & Tkatch Associates, PC
05/15/2006 Medical expense $ 207.00
Total Kantor & Tkatch Associates, PC $ 207.00
PP&L
11/14/2005 Utility $ 77.26
12/07/2005 Utility 115.45
01/11/2006 Utility 201.96
Total PP&L $ 394.67
United Water - PA
11/09/2005 Utility $ 11.08
12/07/2005 Utility 11.08
01/10/2006 Utility 6.76
Total United Water - PA $ 28.92
USAA Life Insurance Co.
11/03/2005 Life insurance premium $ 28.00
(6)
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Disbursements of Principal (Continued)
Date Paid Amount Paid
Debts of Decedent
12/05/2005 Premiums $ 28.00
01/04/2006 Premiums 28.00
02/03/2006 Premiums 28.00
Total USAA Life Insurance Co. $ 112.00
Verizon
05/15/2006 Payment from date of death to $ 246.15
4/15/06
05/15/2006 Telephone expense 102.04
Total Verizon $ 348.19
West Shore Anesthesia
05/15/2006 Medical expense $ 244.40
Total West Shore Anesthesia $ 244.40
Total Debts of Decedent $ 1,797.58
Funeral Expenses
Malpezzi Funeral Home
05/15/2006 Funeral expenses $ 7,612.00
Total Malpezzi Funeral Home $ 7,612.00
Total Funeral Expenses $ 7,612.00
Administration Expenses
Claude C. Wolfe & Associates
07/19/2006 Tangible personal property $ 1,200.00
appraisal
Total Claude C. Wolfe & Associates $ 1,200.00
(7)
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Disbursements of Principal (Continued)
Date Paid Amount Paid
Administration Expenses
Clauser Real Estate Apprasals
05/15/2006 Real estate appraisal $ 350.00
Total Clauser Real Estate Apprasals $ 350.00
Duty's Lock, Safe and Security, Inc
06/12/2006 Change locks at real estate $ 109.62
Total Duty's Lock, Safe and Security, Inc $ 109.62
John R. Gregory
08/08/2006 Reimbursement for cemetary $ 1,690.00
memorial
Total John R. Gregory $ 1,690.00
Barry L. Heckard, Sr
08/22/2006 Real estate tax $ 2,421.51
Total Barry L. Heckard, Sr $ 2,421.51
Office of Personnel Management
08/29/2006 Return of income benefits $ 10,612.39
Total Office of Personnel Management $ 10,612.39
PP&L
02/13/2006 Utility $ 164.90
03/14/2006 Utility 161.25
04/12/2006 Utility 142.37
OS/23/2006 Utility 95.31
09/0612006 Utility 45.66
Total PP&L
(8)
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Disbursements of Principal (Continued)
Date Paid Amount Paid
Administration Expenses
$ 609.49
RESERVES: Cumberland County Register of Wills
09/30/2006 Filing fees for accounting $ 285.00
Total RESERVES: Cumberland County Register
of Wills $ 285.00
RESERVES: Cumberland County Recorder of
Deeds
09/30/2006 Recording of deed and filing $ 50.00
fees
Total RESERVES: Cumberland County Recorder
of Deeds $ 50.00
RESERVES: Group's Tax & Payroll Service
09/30/2006 Preparation of final personal $ 150.00
tax returns
Total RESERVES: Group's Tax & Payroll Service $ 150.00
RESERVES: Mid Penn Bank
09/30/2006 Administrators commissions $ 14,500.00
Total RESERVES: Mid Penn Bank $ 14,500.00
RESERVES: Rhoads & Sinon LLP
09/30/2006 Out of pocket expenses to $ 50.00
include: Telephone - $.55;
Postage - $5.07; Stock
Evaluation - $6.20; Copies -
$2.10; Reserves for expenses -
$36.08
Total RESERVES: Rhoads & Sinon LLP $ 50.00
Rhoads & Sinon LLP
(9)
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Disbursements of Principal (Continued)
Date Paid Amount Paid
Administration Expenses
08/08/2006 Reimbursement for out of $ 810.47
pocket expenses
Total Rhoads & Sinon LLP $ 810.47
United Water - PA
02/13/2006 Utility $ 6.76
03/14/2006 Utility 6.76
04/11/2006 Utility 49.36
Total United Water - PA $ 62.88
USAA Insurance Co.
05/15/2006 Automobile insurance $ 215.26
09/06/2006 Homeowner's insurance 262.25
Total USAA Insurance Co. $ 477.51
USAA Life Insurance Co.
03/03/2006 Life insurance premiums for $ 28.00
policies owned by decedent
04/04/2006 Life insurance premiums for 28.00
policies owned by decedent
Total USAA Life Insurance Co. $ 56.00
Verizon
05/15/2006 Telephone expense $ 7.04
Total Verizon $ 7.04
Nicholas V ogl
05/05/2006 Lawn care $ 60.00
(10)
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Disbursements of Principal (Continued)
Date Paid Amount Paid
Administration Expenses
OS/26/2006 Lawn care $ 60.00
06/12/2006 Lawn care 60.00
07/11/2006 Lawn care 60.00
07/26/2006 Lawn care 60.00
09/06/2006 Lawn care 60.00
Total Nicholas V ogl $ 360.00
Total Administration Expenses $ 33,801.91
Federal and State Taxes
Cumberland County Register of Wills
07/18/2006 P A Inheritance Tax $ 31,733.35
Total Cumberland County Register of Wills $ 31,733.35
Total Federal and State Taxes $ 31,733.35
Fees and Commissions
RESERVES: Rhoads & Sinon LLP
09/30/2006 Attorney fees $ 14,500.00
Total RESERVES: Rhoads & Sinon LLP $ 14,500.00
Total Fees and Commissions $ 14,500.00
Total Disbursements of Principal $ 89,444.84
(11)
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Estate of Raymond E. Gregory
Distributions of Principal to Beneficiaries
Distribution Value
Jennifer Gregory
07/31/2006 USAA Life Insurance Policy
#00639183U3
Owner: Decedent
Insured: Jennifer S. Gregory
$
1,845;53
John Gregory
07/31/2006 USAA Life Insurance Policy
#00639183U2
Owner: Decedent
Insured: John R. Gregory
$ 1,845.53
$
1,698.67
Total Distributions of Principal
$
$
1.698.67
3,544.20
(12)
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Estate of Raymond E. Gregory
Principal Balance On Hand
Inventory Value
Cash and Cash Equivalents
Mid Penn Bank Estate account
# 11092100 $ 7,466.23
Total Cash and Cash Equivalents $ 7 .466.23
Tangible Personal Property
1968 Chevrolet Camaro $ Ii ,000.00
1988 Isuzu Rodeo 375.00
Tangible personal property 10,535.00
Total Tangible Personal Property $ 21.910.00
Real Property
Real estate situate at 305 E Elmwood
Ave, Mechanicsburg, more fully
described in Deed Book 0031R, Page
0789
$ 215,000.00
Total Real Property $ 215.000.00
Total Balance on Hand $ 244.376.23
(13)
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Estate of Raymond E. Gregory
Information Schedules - Principal
Inventory
Value
Exchanges and Stock Distributions
1968 Chevrolet Camaro
10/19/2005 Received $ 11,000.00
On Hand $ 11,000.00
1988 Isuzu Rodeo
10/19/2005 Received 375.00
On Hand $ 375.00
EBAY Inc Common
10/19/2005 2,600 Shs. Received 106,964.00
05/16/2006 (2,600) Shs. Sold (106,964.00)
IV AX Corp Common
10/19/2005 6 Shs. Received 164.00
02/06/2006 (6) Shs. Sold (164.00) .
Paradigm Holdings Wyoming
10/19/2005 59 Shs. Received 162.25
05/16/2006 (59) Shs. Sold (162.25)
Real estate situate at 305 E Elmwood Ave, Mechanicsburg, more fully
described in Deed Book 0031R, Page 0789
10/19/2005 Received 215,000.00
On Hand $ 215,000.00
Siti-sites.com Inc
10/19/2005 13 Shs. Received 0.39
05/16/2006 (13) Shs. Sold (0.39)
Southmark Corp
10/19/2005 6 Shs. Received 0.18
(14)
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Information Schedules - Principal (Continued)
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Exchanges and Stock Distributions
Southmark Corp
05/16/2006 (6) Shs.
Tangible personal property
10/19/2005
Towle Mfg Co Pfd A
10/19/2005
06/21/2006
100 Shs.
(100) Shs.
USAA Life Insurance Policy #00639183U2
Owner: Decedent
Insured: John R. Gregory
10/19/2005
07/31/2006
USAA Life Insurance Policy #00639183U3
Owner: Decedent
Insured: Jennifer S. Gregory
10/19/2005
07/31/2006
Inventory
Value
Sold
$
(0.18)
Received
On Hand
$
10,535.00
10,535.00
Received
Sold
0.01
(0.01)
Received
Distribution
To John Gregory
1,698.67
(1,698.67)
Received
Distribution
To Jennifer Gregory
1,845.53
(1,845.53)
(15)
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Estate of Raymond E. Gregory
Receipts of Income
Income Collected
Members 1st Federal Credit Union
checking account #16031-11
10/31/2005 Interest $ 0.58
11/30/2005 Interest 1.27
11/30/2005 Interest 2.02
01/31/2006 Interest 2.69
02/28/2006 Interest 2.41
Less accrued portion (0.35)
03/31/2006 Interest 2.62
04/18/2006 Interest 1.42
$ 12.66
Mid Penn Bank Estate account
#11092100
02/10/2006 Interest $ 0.09
03/10/2006 Interest 0.52
04/13/2006 Interest 0.65
04/27/2006 Interest 0.21
05/02/2006 Interest 4.44
06/02/2006 Interest 180.64
07/03/2006 Interest 318.25
08/02/2006 Interest 291.40
09/05/2006 Interest 205.74
1,001.94
Members 1st Federal Credit Union
savings account #16031-00
10/31/2005 Interest $ 0.46
Less accrued portion (0.27)
11/30/2005 Interest 0.45
12/31/2005 Interest 0.46
(16)
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Receipts of Income (Continued)
Members 1st Federal Credit Union
savings account #16031-00
01/31/2006 Interest $
01/31/2006 Interest
02/28/2006 Interest
03/31/2006 Interest
04/18/2006 Interest
-. ',J 'Cr'
0.52
0.31
0.42
0.46
0.25
$ 3.06
1.95
1.95
$ 1.019.61
$ 1.019.61
Siti-sites.com Inc
04/12/2006 Dividend on 13 Shares
$
Total Income Collected
Total Income Received
(17)
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Estate of Raymond E. Gregory
Gains and Losses on Sales or Other Dispositions of Income
Net Gain Net Loss
No Gain or Loss
$
0.00
(18)
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Estate of Raymond E. Gregory
Disbursements of Income
, ....~
Date Paid
Amount Paid
Total Disbursements of Income
$
0.00
(19)
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Estate of Raymond E. Gregory
Distributions of Income to Beneficiaries
Distribution Value
Total Distributions of Income
$
0.00
(20)
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Estate of Raymond E. Gregory
Income Balance On Hand
Inventory Value
Cash and Cash Equivalents
Mid Penn Bank Estate account
#11092100
$
1,019.61
Total Cash and Cash Equivalents
Total Balance on Hand
(21)
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$
$
1.019.61
1.019.61
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AFFIDAVIT
Mid Penn Bank, Administrator of the Estate of Raymond E. Gregory, Deceased, does hereby declare
under oath that it has fully and faithfully discharged the duties of its office; that the foregoing First and Final
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 its knowledge, there are no
claims now outstanding against the Estate; that all taxes presently due from the Estate have been paid.
~~i~(JMwt~
Alic~B. Came . i, Trust Officer
Mid Penn Bank
Sworn to and subscribed before me this ~ day of
Dc h. ,2006.
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NOTARY UBLIC
MY COMMISSION EXPTRES:
(SEAL)
COMMONWEAl JH OF PENNSYLVANIA
Notarial Seal
Cindy L. Leitzel, No~ Public
City ofHarrisbU!J, Oaup6in CoW1ty
My Commission Hxpires Dec. 2, 2006
Mf'!mber, Pennsylvania Association of Notarles