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HomeMy WebLinkAboutOC1968-1040 - ESTATE OF OPPENHEIM~I ii':;-E;'-.. :0\it :~~;:;:~~~­'$'_,rot ?::s 0 I~,,( ~r J:l.c '\'...,.<;:Q!tI&.t...lo..s \~ \to !6"-ol~0:l::i..:~: \:~:-!\ r--....~i\:)~..., ~j~QtI~;Q.'S--.C:>\~~'\~~;\~t"':I,'-1w . .:::b., "...~. \;" ;;;.{ ,.~' 'i ~" !~:. ;;./.It~/7 /1 ".......:i--'~'S-: ." ~.~ J \I WILLIAM OPPENHEIM, A MINOR. IN HE:ESTATE OF IN THE ORPHANS'COURT OF WASHINGTON eauNTt;,PENNSYL- ~~:uy c:J 1ft)of 1968,~. 7 t ~:.. "'. .". h :::'J ("r ':""J (';:: r'-L:"·("7)r""- -') . ,::~...~--.... ~~~~t:,-- I ..~... _~J .--..,I • ~-~~::=I ,. ~o ~0 ..-..... GUARDIAN'S FINAL ACCOUNT "I .'l~rt:~...I ,..,;'I it':.~.!"-,"'-~'- t~,.·"_· ~nd (ll1UJ,i'to Ulrt~;;o""~t~the w,t.""",.,••t •.....'Rellt6a ·to r~eOO.':k ..,...njirm.t....(,:?~l.¥-t.I 3 f1~...~-..,'"..~..'....,.....~"""""",-,.o.-'-'..,-.;,'--cift"'(JIstH O.(J ,~{j''.,--~J ~~ " ~I '~J ..,~ I •..,."- .j ~ .;. JAMES Co.BANE ATTORNEY AT LAW WASHINGTON,PENNSYLVANIA I·-.-~ ,tJ,r/-/~"l) WASHINGTON TRUST BUILDING /-~IJ ) IN THE ORPHANS I COURT OF WASHINGTON COUNTY,PENNSYLVANIA IN RE:ESTATE OF WILLIAM OPPENHEIM, A MINOR. ) ) ) ) ) No.lo~o of 1968,o.c. I,WILLIAM OPPENHEIM,d?hereby certify that I attained my majority on the Cfth.day·of·FE8RUAR.'t...,19 t:,8 • I further certify that I have examined the within account and I do hereby approve said account. I do he~eby agree to accept in kind the stocks listed in said account and which make up a part of the balance to be distrib~ uted to me. and Leroy L.1/ITilliams 19 shares Mingo/Vunction Oil Co. shares American Telephone & -Telegraph shares American Telephone & Telegraph - shares 'Grumman Aircraft Engineering Co. 19 .shares United Merchants & Manufacturers Inc. shares Allegheny Power Company shares Tri~Continental Corporation to me of the following stocks: ~' 447 3 56 568.364 ~---­I hereby release A.L.Stor.mwind as Testamentary guardians of my Estate. William oppeeiili A/KA t!k/~JI &~ ,,,,.~", IN THE ORPHANS t COURT OF WASHIrJIGTON COUNTY,PENNSYLVANIA ) IN HE:ESTATE OF WILLIAM OPPENHEIM, A !lUNOR. ) ) ) ) ) NO,/~@ of 1968,.~. FIRST AND FINAL ACCOUNT OF A.L.STORMWIND AND LEROY L.WILLIAMS, TESTAMENTARY GUARDIANS The Accountants charge themselves with the following: Amount awarded Testamentary Guardians from the Estate of Louis R.Oppenheim,Deceased,at No.132 of 1955,A.A•••••••••••••••••••• Minor's proportionate share of assets recovered in the Estate of Louis R.Oppenheim,subse- quent to the Audit of Executors'Account: 8,756.12 Legal fees collected by James-C.Bane, Esq.,from pending business ••••• Costs collected from Prothonotary's Office • • • • • • • • • • • • . • • Amount received from sale of law books Amount received from settlement of Trespass Action entitled "Louis R. Oppenheim vs.Jack Roberts"filed at No.159 February Term,1953,A.D••• $141.66 27.60 11.67 500.00 Refund from American Express Company on shipping charges for books sold •• • Error in account in the amount of $412.01 filed by Executors in the Estate of Louis R.Oppenheim,deceased, noted "Refund of Advance".This item was improperly included in the Account as a credit •••••••••••••• Interest received from First Federal Savings and Loan Association • • • • • • • • • • • 137.34 821.41 440.54 Interest received from General Motors Acceptance Corporation ••••••••••••••• Dividends received as per Schedule B attach~d 384.30 4,756.67 Profit on sale of stock Sale of fractional share of Gruman Aircraft Engineering Co. Sale of stock in Sunset Beach Corporation • • 930.24 41.38 1,000.00 Refund on Income Tax • • • • • ••••••••274.37 TOTAL CHARGES Net underpayment to Jay Oppenheim.• • • • •3.24 NEW TOTAL CHARGES------$17,408.27 The Accountants claim credit for the following: Advancements to minor as per Orders of .Orp~ns.'_Co~t • ••.•• • • • • ••• • •$1,673·40 Dr.J.Carle,Dentist ••••_••••••••• Administration Expenses • . • • • • • • • • • • Bank Charge s • • • • • • • • • • • • • • • • • . All~gheny ~ower Company,Dividend Refund •••• 413.65' 230.99 1.84 188.00 28.00 147.92 71.50 3.00 18.00 1.00 50.00 .. .. .. . . . .. . • • • • .. fees . . . . .". . . . . . . . ... ..... ... Minor's proportionate share of deficiency Federal Estate Tax assessed on the Estate of Louis R.Oppenheim,deceased • • • • . •.'.. ...._.1 James C.Bane,Legal Mae Herceg,Notary fee • • • • James C.Bane,Attorney's fees •• James H.Douglas,Reg.,filing Inventory. Russell Marino,Reg.,filing Account Federal Income Tax • TOTAL CREDITS -------$2,827.30 SCHEDULE "B II Dividends received: Gruman Aircraft Engineering Co. American Telephone &Telegraph Co. United Merchants &Manufacturers Inc.- Mingo Natural Gas Co. Allegheny Power System,Inc. Standard Brands National Dairy Products Gaylord Container Penna.Railroad Company' Baltimore &Ohio Railroad Company Tri-Continental Corporation $421.61 2,231.05 266.23 146.00 1,357.63 1.93 7.91 78.75 3.83 .1.33 240.40 TOTAL SCHEDULE "B"--:.-----$4,756.67 IN THE ORPHANS'COURT OF WASHINGTON COUNTY,PENNSYLVANIA IN RE:ESTATE OF ) ) WILLIAM OPPENHEIM,) ) A MINOR.) NO.__of 1968,0.C. SUMMARY Amount awarded Testamentary Guardians from the Estate of Louis R.Oppenheim, deceased Minor's proportionate share of assets recovered subsequent to Audit of Account Interest received Dividends received Profit on sale of stock and fractional share Sale of Sunset Beach Corporation stock Refund on Income Tax Net underpaymen t to Jay Oppe,nheim Credits claimed: Advancements to minor Minor's proportionate share of deficiency Federal Estate Tax Administration Expenses as set forth above 8,7.56.12 821.41 824.84 4,7.56.67 971.62 1,000.00 274.37 1,673.40 7btO.2.5 $17,40.5.03 3.24 BALANCE FOR DISTRIBUTION ......-----...---..... I , The balance for distribution consists of the following: Cash in Bank Savings Account MinorIs share of stocks to be awarded in kind: ,. '4sha.res Mingo Junction 'Oil Co.$ 47 shares American Telephone &,Telegraph' 3 shares American Telephone &"Telegraph '~' 19 shares Grumman Aircraft Engineering Co e 19 share's United Merchants & ManufactUrers Inc. 56 shares Allegheny Power Company 200 sha.res Tri-Continental Corporation 10 shares Trl-Continenta1 Corporation 10 rights American Telephone & Telegraph _' 100.00 2,612.70 584~39 "',466.37 ,208.12 1,115.16 7,550.38 525.15 19.90 $998.,8 400.0 ,. 13,182.17 $14,580.97 358.364 shares of Tri-Continenta1 Corporation acquired by re- investing dividends received. I , ., IN THE ORPHANS'COURT OF WASHINGTON COUNTY,PENNSYLVANIA IN HE:ESTATE OF ) ) WILLIAM OPPENHEIM,)NO.of 1968,o.C. ) A MINOR.) A F F I D A V I T STATE OF PENNSYLVANIA ) )SS: COUNTY OF WASHINGTON ) Before me,the undersigned authority,personally appear d A.L.STORMWIND and LEROY L.WILLIAMS,Accountants and Testamenta y Guardians of the Estate of William Oppenheim,a minor,who,being duly sworn acco~ding to law,deposes and says that the above Account as stated is true and correct as they ver~ly believe. Sworn to and subscribed before me this';i?5 day of July,1968. lJn t4t OOrp4ttns'<Unurt of IItts4ington <Ununty In the matter of the Audit of Account in ) Estate of_-=-WI.:.=.::L::.:L::.:I=:A:..=;M=-=---=-O=...P=...P=E:::;N:.:::HE=:;':...:I::::M..::.;,"------I a minor TO THE AUDITING JUDGE: No.1040._~.19....6fL.A.A. Enter__--=-m:.=,yJ--,appearance for --'A'""-"'c<-"c<...:o:!.1m~=-t"'"a~n...,t"-'s"'-~__ September N.B.-Counsel shall,by separate paper,present a concise statement of each claim,with supporting calculation of any interest claimed.Objections to an account as filed,shall be concisely stated in a separate pape'r. Council suggesting proper distribution shall file a separate concise state- ment in that regard. / No.1040..19~.A.A. In re Audit of Account in Estate of tVILLIAM OPPENHEIM. a minor AUDIT ·Jlrurtipr fnr !\pprurUutr FOR ACCOUNTANTS ,.J I·;;!J':-.'l :...: "':-'frJ ,I) ;;"'-.:,];or- 0::-::"Y'o :::':::.J;:-:.;::r-w(/) JAMES C.BANE o I t oj-J :-...... :q ~ r.:l,... ............... ~-i ~-_. f I !o Attorney ""2 JAMES C.BANE,ESQ,. 247 Washington Trust BVi1di))g Washington,Pennsy1van1a 1~301 Form for Guardian or Trustee 'rUtinn ~ur i\u~it 11tt wqP (@rpqUtt!i~(!tnurt of lIuliqittgtntt OJnuttty J Estate of..~~.~~.~~9.Rg~~1~.~~~.. For J!YJ1.1.I~J~Q.f..:EP.;.N~.J.!:'1..t ~mJP.:9..r.. minor-incompetent-life tenant Date of trust.~...,..-... or ·guardianship A:P..;r..il..:.3:.;l~95.4:~:,.. If there have been former accounts'.. filed in this estate,list: Filed at No ~9.49.of 196B.. Fiduciary Aft L.r.S.'r.Q.J:U:f.w.n~.D.au.Q... .........................1.:g;B.QX ~.!WJ1.~IA~~L . Place of record •• of appointment.....v.P.:9.&r...J:{.;J;.JJ 9.;t.'1g.1l;h.?B..~.. Oppenheim,Deceased..Will Book 81, Page 392. .. .. Reason for filing this.acc?unt.::~in.Q.r.at.t.a.in~.d maj.Q.r.i.t:y.Qn .F..e.b.r.1lar.y.9..,.l9~6.8 . All persons having any interest,~vested or conting~nt (including cl~imants),in the fund'no~'before the Court, with the nature of their .interests are:' WilliallL.9ppenheim All of said parties have received notice as required by the Court Rules except as follows: No exception The fund now before the Court is subject to the following taxes:.. None Set forth any legal problems requiring adjudication by the Court or difficulties that must be met in distribution: None Balance for distribution per account,Principal $14,580.97.................................................:. Additional debits not shown in account: (Indicate whether income or principal) Additional credits not shown in account: (Indicate whether income or principal) Income Total additional debits $. $. Balance for distribution Total additional credits $.. Principal $14...t.5..{?Q.~..9..7 .. Income $.. Total $l4.".5.B..Q.,..9..1.. If the balance for distribution is not in cash,list items held in kind with carrying value designated,and if this is a distribution account,file elections to take in kind for all items so listed: Balance for distribution consists of $1,398.80 in cash,less the cost of filing and auditing the Account,and the following stocks to be distributed in kind.: 4 shares Mingo Junction Oil 50.$ 47 Shares American Telephone & Telegraph 3 shares American Telephone & Telegraph 19 shares Grumman Aircraft Engineering Co. 19.shares United Merchants & Manufacturers Inc. 56 shares Allegheny Power Company 568.364 shares Tri-Continental Corpo~ation 100.00 2,612.70 584.39 466.37 208.12 1,115.16 8,095·43 "'..,..' The above named minor has elected to accept the above stock in kind at the values listed above.Election attached hereto. l .~ ~--...-~-~--------->_..~------~-----------~----, Set forth accountants suggestion as to manner and form of distribution to be made,awards to be stated in pro- ,portions unless specific amounts or items are designated by instrument under which estate is being distributed: COUNTY OF WASHINGTON, COMMONWEALTH OF PENNSYLVANIA,~SS And your petitioner will ever pray,etc.The above named Fiduciary or representative thereof, being duly s:w:or.n doth depose and say that the facts set forth in the foregoing petition are true to the best of...t.h~ir.knowledge and belief. ......s.:w..Q.;r.n to and subscribed before me This ,,/:Q ::day of §§l?.t.~mp..§.r.196.Q.~ ~2£,,'~~,","', Signature of Officer :~::...~.",:':'i:.~.;,...~..,.....;MAE HERCEG~·--'~"> Title of Officer tjatMY.Publlc;..W~shingtoRt..~hfR_..ci.-..~ My Commission Expires JU~28.197..1 Office expires ?:;.. , ~ { r tI I~ f '"'rtitinu ~ur i\u~it IN THE ORPI-IANS'COURT OF WASHINGTON COUNTY FORM USED FOR GUARDIAN-INCOMPETENTS -OJ:t TRUSTEES No..1.9.4.Q of 1968.. .'" "I I",.,", ....'-'••~.....+.":~\......~..~~;~~";;'=141."J \,.-....:I.........~{;1 '.", '.'t.',"..'.'.'.=';•••!.......,.~."C "''J1 ...l\\ 111111',.11t'\'\ minor-incompetent-life tenant FOR.WILLIA1:1..Q.PPENlIEIM.,a.minQ.;r' ESTATE OF :v:[J.11..IN1.Q.:P..f:.;$..NJ:+.:g;J~:L .. , Counsel for the accountant shall submit herewith the following,if pertinent: 1.Will or trust instrument-attested.Sl,l!ti\?i]~!;Y.S1!J:m 2.Inventory.0",...~til USc::mJ 3.Signed elections of items to be taken in kind..-::' if distribution account. 4.Stipulation or certificatJ ah:~ndtJ appl'o¥ingJ" account...t_~(.I__J C3f 5.Praecipe for those represented. 6.Brief-for any question of law raised.o,3 -1'.~! Counsel for accountant. ~2 JAMES C.BANE,ESQ. 247 vJashington Trust Build.ing Washington,Pennsylvania 15301 1Jn tqr OOrp~UnB~QInurt Df lIusqtngtnn<tlnunty ESTATE OF No.__.).9.~~Of 19..?~....J~~X ) ......ty.~~.~~.~.~?p'p'~~~~_~~.~__.__.._ ___.._~~J_'D:9_r_~_.___. In the matter of the_.F.ir.s_t...e.nd...F..in...e.l.. Account of._.~.!...~.~...~.~~.~~.~~~~_..~p.~L_~.e.I.'.OY L. Williams,Testamentary Guardians ADJUDICATION AND DECREE And now ..$.~P.t~m.:!?t?r ____/:J--.-.1 19__~~_1 this matter came on for hearingl audit and distribution at this session and testimony taken;and thereuponl upon due consideration thereof the balance for distribution in ithe hands of the Accountant is determined to be $.----.--...14,.5.80-_-91.-..-------------------...and the accoun1t is accordingly confirmed;and it is orde'redl adjudged and decreed that the said balance be paid out by the Accountant in accordance with the schedule of distribution hereto attached and mode a port hereof,unless exceptions hereto be filed sec.reg.or on appeal be token herefrom sec.leg. SCHEDULE OF DISTRIBUTION Balance pe'r account .._...._...._..----..--------------.-.-..-.-----, Balance.. .._..- -..-..--.------.-..------.-------.---. $...Jh,.5.~9 -97 $..._._J_4,.5.~9.97 Deduct Clerk/s Costs &Receipts_.. .._..----- Attorney ._~~_~~_f?9.~?~!_?:~..__-----------------, William Oppenheim,balance,including $1,370.80 cash and the following assets,held in kind and distributAd as such at the value as shown, per election filed: l~shares Hingo Junction Oil Co. l~7 shares American Telephone &Telegraph 3 shares American Telephone &Telegra.ph 19 shares Grumman Aircraft Engineering Co. 19 shares United Merchants &Manufacturers Inc 56 sharesAllegheny Power Company 568.364 shares Tri-Continental Corporation =l~~~+No balance No.._..__..Of In 'the matter of the account of of Estate of 19 ....__..1 A.A. i\~ju~irntinu nu~itrrtt C'i7/'j .'J \".,I :""'1~:J'0:::J\:;I -h..J~~'i,J ..'")~hIll L)'t (J •v .r _, cJ::3 CZ3r n -:i "',f f--z·~l-'~2--..-...;...,~ ~\~~\-