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Home My WebLink About11-27-06 BOSWELL, TINTNER, PICCOLA & ALFORD COUNSELORS AT LAW 315 NORm FRONT STREET P.O. Box 741 HARRISBURG, PA 17108-0741 LEONARD TINTNER ...JEFFREY E. PICCOLA ...JEFFREY R. BOSWELL BRIGID O. ALFORD G. EDWARD SCHWEIKERT. IV (717) 236-9377 FAX 17171 236-9316 btpaOatt.net WILLIAM D. BOSWELL 11943-1999) November 22,2006 Ms. Marjorie A. Wevodau First Deputy - Register of Wills Cumberland County Courthouse One Courthouse Square Carlisle, P A 17013 COPY SENT VIA FAX NO. 240-7797 C) C;o 3,30 ~:-~ Ell '_..) ~~~ f"-..,) .-::-~:") -.';:-:;::> cJ'"-\ f-V -.J Re: Fred L. VanVoorhees Estate -0 Dear Margie: r'-' N I have enclosed an Affidavit supporting my request that the Register of Wills, by Decree, reduce the amount of the surety bond in the amount of $540,000, set on October 23,2006, to $80,000, which is double the amount of the estimated personal estate, which will come into the control of the personal representative. We very much appreciate the consideration of our request by Glenda Farner Strasbaugh, Register of Wills, because a reduction in the amount of the bond will reduce the expense for the surety bond substantially. Again, we thank you for your consideration. Sincerely, ~ Jeffrey R. Boswell JRB:clh Enclosure cc: Robert FrederickVan Voorhees, Executor (w/copy of enc.) Jeffrey R. Boswell, Esquire Supreme Court I.D. #25444 BOSWELL, TINTNER, PICCOLA & ALFORD 315 North Front Street P. O. Box 741 Harrisburg, Pennsylvania 17108-0741 Phone (717-236-9377) Fax (717-236-9316) E-mail Uboswell@att.net) ESTATE OF BEFORE THE REGISTER OF WILLS OF CUMBERLAND COUNTY, PENNSYLVANIA FRED L. V ANVOORHEES, DECEASED NO. 21-2006-0887 AFFIDAVIT Jeffrey R. Boswell, Esquire, being first duly sworn, deposes and says, as follows: 1. Jeffrey R. Boswell, Esquire, is counsel to the Estate of Fred L. VanVoorhees and its Executor, Robert Frederick VanVoorhees. 2. He reviewed Fred L. VanVoorhees' most recent account statements to determine the gross value of the decedent's intangible assets. 3. He determined, according to those statements, that the decedent's bank accounts total $8,802.11, and his investment accounts total $267,865.79, fO(j3 sum t~1 ~=--; 0 g'~ . ,=0 of $276,667.90. ~=EcJ .,' '::.1'"- . I::'~ f"..) :~~~ -J S~; () ...._..J ----;1 (- 55 .:TJ ---I ..1.:,... N N :g ~..,. 4. Since filing an Affidavit, dated October 18, 2006, he requested specific information concerning the decedent's investment accounts. 5. According to written information provided by (the decedent's investment advisor) Michael George Papson, Ameriprise Financial Services ("Ameriprise"), 4661 Trindle Road, Camp Hill, PA 17011-5603, he determined that the date of death value of decedent's accounts total $268,663.64, comprised of different investments, as follows: (a) Two (2) IRAs, total value - $7,771.71 - beneficiaries designated for each account: (b) Three (3) annuities, total value - $180,551.03 - beneficiaries designated for each account; and (c) SPS Advantage One investment account, value - $80,339.90 - registered with "TOO ownership," so on the death of the owner, the account registered "Transfer On Death" passes to the named beneficiaries. 6. He is now informed that for every account, Fred L. VanVoorhees made the beneficiary designation: "Primary Beneficiary: 100% Lawful children in equal shares, if a child is deceased, his or her share to be paid to his or her estate." 7. Based on information now received from Michael George Papson, Ameriprise Financial Services, he determined that the asserts listed in this Affidavit will be distributed by Ameriprise directly to decedent's children, so the assets will not become part of the estate for distribution from the estate. 8. Based on information received and reviewed, he determined that the assets are taxable for inheritance and/or estate tax, even though the assets do not become part of the estate for distribution from the estate. . .. 9. He notes that the Probate, Estates and Fiduciaries Code requires according to ~ 3171 that before Letters shall be granted to a personal representative, bond shall be filed" . . . in such amount as the register considers necessary, having regard to the value of the personal estate which will come into the control of the personal representative . . . " 10. Based on information received from the named Executor and the decedent's children, who are adults, he is now informed that the value of the personal estate, which will come into the control of the personal representative, including bank accounts, refunds, and household contents, may be approximately $40,000. Jeffrey ~Lilre Counsel for the Fred L. VanVoorhees Estate Sworn to and subscribed before me this 22 nJ.- day of November, 2006. c3-}t/~>Bl~ Notary Public My Commission Expires: c5L/ 10/ a-o {) '? COMMONWEALTH OF PENNSYLVANIA NOTARIAL SEAL CONNIE L. HARDY, Notary Public City of Harrlsbu'l, Dauphin County '. lit CoInINssion Expires Feb. 10, 2007 ..1. · ,.~ lIit Asaoctalion NOtaries 4