HomeMy WebLinkAbout12-07-06
IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PA.
ORPHANS' COURT DIVISION
FIRST AND FINAL ACCOUNT OF AMERISERV TRUST AND FINANCIAL SERVICES
COMPANY, FORMERLY USBANCORP TRUST COMPANY, TRUSTEE OF THE
JEAN L. FRALISH SPECIAL NEEDS TRUST
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Date of First Receipt of Funds:
Accounting for the period:
June 12, 2006
June 12, 2006 to December 5, 2006
Purpose of Account: The Trustee offers this Account to acquaint interested
parties with the transactions that have occurred during the Administration.
It is important that the Account be carefully examined. Requests for
additional information, questions or objections can be discussed with:
Carol D. Stern
Vice President
AmeriServ Trust and Financial Services Company
PO Box 520
Johnstown, PA 15907-0520
(814) 533 - 5278
5540-06 Jean L. Fralish Special Needs Trust
- 1 -
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SUMMARY OF ACCOUNT
PAGES
PRINCIPAL
Receipts 3 $ 350,000.00
Less Disbursements:
Fiduciary Fees 4 $ 725.70
Legal Fees 4 30,068.75
Administration - Misc. Exp. 4 25.00
General Disbursements 4 61,650.78 -92,470.23
Balance before Distributions $ 257,529.77
Principal Balance on Hand 5 $ 257,529.77
INCOME
Receipts 6 $ 7,600.83
Less Disbursements 7 -1,489.39
Balance before Distributions $ 6 , 111. 44
Income Balance on Hand 8 $ 6,111. 44
COMBINED BALANCE ON HAND
$
263,641.21
----------------
----------------
5540-06 Jean L. Fralish Special Needs Trust
- 2 -
PRINCIPAL RECEIPTS
06/12/06 Cash receipt, insurance proceeds for
son's death
$
350,000.00
TOTAL PRINCIPAL RECEIPTS
$
350,000.00
---------------
---------------
5540-06 Jean L. Fralish Special Needs Trust
- 3 -
DISBURSEMENTS OF PRINCIPAL
FIDUCIARY FEES
TRUSTEE FEES
07/05/06
08/02/06
09/05/06
10/03/06
11/02/06
12/04/06
LEGAL FEES
LEGAL/ATTORNEY FEES
10/12/06 Law Offices of Eric J. wiener $
11/14/06 Lacy Hayes Jr., Esquire, statement dated
10/31/06
ADMINISTRATION - MISC. EXPENSES
ADMINISTRATION EXPENSES
11/27/06 Accounting preparation Fee
GENERAL DISBURSEMENTS
OTHER DISBURSEMENTS
09/07/06 Commonwealth of Pennsylvania, Department
of Public Welfare, for Jean Fralish, ID
#680-168-974
TOTAL DISBURSEMENTS OF PRINCIPAL
5540-06 Jean L. Fralish Special Needs Trust
- 4 -
$
87.06
145.58
146.01
121.96
114.39
110.70 $
20,000.00
10,068.75
725.70 $
30,068.75
25.00
61,650.78
725.70
30,068.75
25.00
61,650.78
$
92,470.23
---------------
---------------
PRINCIPAL BALANCE ON HAND
Cash Invested in Money Mkt Fd
TOTAL PRINCIPAL BALANCE ON HAND
VALUE AT
12/05/2006
$
257,529.77 $
FIDUCIARY
ACQUISITION
VALUE
257,529.77
------------------ ------------------
------------------ ------------------
257,529.77
5540-06 Jean L. Fralish Special Needs Trust
- 5 -
$
257,529.77 $
RECEIPTS OF INCOME
Goldman Sachs Prime Obliqations Fd
07/03/06 Interest
08/01/06 Interest
09/01/06 Interest
10/02/06 Interest
11/01/06 Interest
12/01/06 Interest
TOTAL RECEIPTS OF INCOME
5540-06 Jean L. Fralish Special Needs Trust
- 6 -
$
856.70
1,528.19
1,545.75
1,302.35
1,229.57
1,138.27 $
7,600.83
$
7,600.83
---------------
---------------
DISBURSEMENTS OF INCOME
TRUSTEE FEES
07/05/06
08/02/06
09/05/06
10/03/06
11/02/06
12/04/06
ADMINISTRATION EXPENSES
11/27/06 Accounting preparation Fee
Cash Manaqement Fee
07/03/06
08/01/06
09/01/06
10/02/06
11/01/06
12/01/06
TOTAL DISBURSEMENTS OF INCOME
5540-06 Jean L. Fralish Special Needs Trust
- 7 -
$
$
87.05
145.57
146 . 01
121.96
114.38
110.69 $
86.30
148.85
149.33
125.50
118.80
109.95
725.66
25.00
738.73
$
1,489.39
--------------
--------------
INCOME BALANCE ON HAND
Cash Invested in Money Mkt Fd
TOTAL INCOME BALANCE ON HAND
VALUE AT
12/05/2006
FIDUCIARY
ACQUISITION
VALUE
$
6, 111. 44 $
6,111.44
------------------ ------------------
------------------ ------------------
6,111.44
5540-06 Jean L. Fralish Special Needs Trust
- B -
$
6, 111. 44 $
First and Final Account of
Ameriserv Trust and Financial Services Company, formerly USBancorp Trust Company
Trustee of the Jean L. Fralish Special Needs Trust
PROPOSED
SCHEDULE OF DISTRIBUTION
Pursuant to Article V, Section D of the Jean L. Fralish Special Needs Trust, the entire fund on hand is to be distributed to
James L. Fralish, 75 West Main Street, New Kingstown, Pennsylvania 17072 as follows:
Income Balance on Hand
$
6, I I 1.44
Principal Balance on Hand
$
257,529.77
Total Proposed Distribution
$
263,641.21
COMMONWEALTH OF PENNSYLVANIA
SS:
COUNTY OF CAMBRIA
On this Get,
day of
!l~,
, 2006, before me, a Notary Public, in
and for the above County and State, personally appeared, Carol D. Stern, Vice President
& Manager, of AmeriServ Trust & Financial Services Company, Trustee of the Jean L.
Fralish Special Needs Trust, who being duly sworn according to law deposes and says
that the foregoing account is true and correct to the best of her knowledge.
AMERISERV TRUST & FINANCIAL SERVICES
COMPANY, TRUSTEE OF THE JEAN L. FRALlSH
SPECIAL NEEDS TRUST
c~
Vice President & Manager
Sworn to and subscribed to
bere me ~his {., lk day of
.R~'- , 2006.
0, ~A~~ ~ f~
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Notary Public
COMMONWEALTH OF PENNSYLVANIA
Notarial Seal
Debra L. Pudliner, Notary Public
City Of Johnstown, Cambria County
My Commission Expires Aug. 8, 2009
Member, Pennsylvania Association 01 Notaries
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