HomeMy WebLinkAboutOC1970-0312 - ESTATE OF DUNCAN~l-
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IN THE COURT OF COMMON PLEAS OF
WASHINGTON COUNTY,PENNSYLVANIA
ORPHANS'COURT DIVISION
NO.3/:2 -vi /97 '()
ANNE A.DUNCAN TRIJST
FIRST AND FINAL ACCOUNT
OF
THE UNION NATIONAL BANK
OF PITTSBURGH
SURVIVING TRlJSTEE UNDER INDENTURE
DATED AUGUST 19,1935,
ARTICtEl VIII
AND
SUBSTITUTED AMENDMENT DATED
'JANUARY 4,1941
SHARE OF JAMES E.DUNCAN,III
FOR BENEFIT OF MARY .AMY DUNCAN
(NOW FLYNN),,'A MINOR
TRUST NO.l63l-B-l
I BALANCE DUE -$15,835.60 I
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1Dthe ;.(J!CfI~i};?1~90Il:.tl orp.flc~Oa ~e VI.lim
Dr oonjirmat/CI'ii."Y,:,.~:-;:-,,'"~,,:~-"',-';:~;:';:;-
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Harold V.Fergus,Esq.
'Washington Trust Building
'Washington,Pennsylvania 15301
DKr /53,.<P~55",2
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'7'8INTHECOURTOFCOMMONPLEASOFWASHINGTONCOUNTY,PENNSYLV.ANIA
ORPHANS I COURT iDIVISION
NO.if 1.1-/R/7 1/
ANNE A.DUNCA TRUST
FIRST AND FINAL ACCOUNT
OF
THE UNION NATIONAL BANK OF PITTSBURGH
SURVIVING TRIJSTEE UNDER INDENTURE DATED AUGUST 19,1935,
ARTICLE VII;r:
AND
SUBSTITUTED AMENDMENT DATED JANUARY 4 1941,
\SHARE OF·JAMES E.DUNCAN,III
FOR BENEFIT OF MARY AMY DUNCAN (NOW FLYNN),A MINOR
TRUST NO.1631-B-1 March 20,1970
(M£ry ~Flynnbecame2December·21,1969)
SUMMARY
SCHEDULE A
PRINCIPAL -PERSONALTY
Receipts Pages 3 - 4
8,100.93
From Income -Personalty 9,716.40
17,817 33
,
I
Disbursements Page 4 2,180 55 I
I
I
I
BALANCE 15,636 78
,SCHEDULE B
INCOME -PERSONALTY
Receipts Pages 5 .-6 11,809 49
Disbursements Page 6 1,894.27 I I
To Principal ~Personalty 9,716.40 I
I
,
11,61('6?
BALANCE 198 82
..'
"
NET BALANCE 1.-'15,835 60
-I
The Balance Consists of the Following:-
.Principal -Personalty.I
Stocks
Cyclops Corporation
2,375 shares Common 1,989 25
Eastman Kodak Company
27 shares Common 2,074 27
Iron and Glass Dollar Savings Bank ,
1 share Capital 5C 8.3
Texaco,Incorporated
200 shares Capital 8,219 88
12,334 23
.-
- -
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ANNE A.DUNCAN TRlJST,==---=====~==~~~~~====r=====;==-:::;:;r===----"=::----.._-_.-
Bond
United States of America Treasury Notes 4 3/4%
$3,000 dated 2/15/67 due 2/15/72
Cash on hand
Income -Personalty
Cash on hand
- 2 -
3,035 88
266 67
15,636 78
198 82
15,835 60
••.J
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,-_-=_---:---,-==::.=========~AN~NE~A=.~DU~N~C~AN~.~T~RIJ~S~T==:::::::;::====:;=.:::.::=--=.::=-..:.::=.:,..,:.~.--.-:::_":.:',.-=I
SCHEDULE A
PRINCIPAL PERSONALTY
RECEIPTS
James Eo Duncan,III (now deceased)Successor
Trustee and The Union National Bank of Pittsburgh
Trustee Under Indenture dated August 19,1935
and Substituted Amendment dated January 4,1941,
Share of James E.Duncan,III
Awarded by Adjudication and Decree dated
February 16,1968 at No.387 of 1967 by the
Orphans I Court of Washington County,
Pennsylvania
Stocks
Cyclops Corporation
2,375 shares Common
Iron and Glass Dollar Savings Bank
1 'share Capital
1,989 25
50 !83
I,
Cash
Purchase of Assets
United States of America Treasury
Notes 4 3/4%'
$5,000 dated 2/15/67 due 2/15/72
Stocks
Eastman Kodak Company
Common
7/30/69 11 shares at 74 1/2
10/17/69 16 shares at 77 1/4
27 shares
Texaco,Incorporated
Capital
7/29/68 13 shares at 80 3/8
50 shares at 80 1/8
11/4/68 15 shares at 87 1/4
4/25/69 16 shares at 84 3/4
7/25/69 12 shares at 37 1/8
106 shares
Cash disbursed to purchase the
above assets
- 3 -
827.84
1,246.43
2,074.27
1,0530 66
4,029.75
1,319031
1,3660 60
450056
8.219.8~
10,29401
,10,29401'
5,059 80 i
I1,001 05
8,100 93
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ANNE A DUNCAN TRIJST•---·_-:.:::c-:::::.:-;:::::.;:-c .-
ck Split
exaco,Incorporated
Received as a Stock Split
8/21/69 2 for 1 on 94 shares held 94 shares o 00
8,100 93
m Income -Personalty Account
unt transferred for Investments 9,716 40..
17,817 ~3
DISBURSEMENTS
nistrative Expenses
Internal Revenue Service
Fiduciary Income Tax t:or Fiscal
3];56 IYearending9/30/68 I
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Harold V.Fergus
,
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Attorney's fee l5C !00
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The Union National Bank of Pittsburgh
Accountant's comp?nsation 1,87~57 ,
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2,054 13
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s on Sale of Asset I
I
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Net proceeds sale -$2,000
United States of America Treasury Notes 4 3/4&I
dated 2/15/67 due 2/15/72 at 94 7/8 1,897.50 i.
CarrYing value 2,023092 I
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126 421
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2,1801 551,
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1 970
Har.20
197 0
Mar.20
1 9 6 9
Jan.7
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·__._._-=-__-_--::_-=-_-:::~========AN~NE==A=.=D=U=NC=A=N=T=RlJ===ST====~=====;:=~=====;=:::;::=
SCHEDULE B
INCO~PERSONALTY
RECEIPTS
James E.Duncan,III (now deceased)Successor
Trustee and The Union NAtional Bank of Pittsburgh
Trustee Under Indenture dated August 19,1935
and Substituted Amendment dated January 4,1941,
Share of James E.Duncan,III
Awarded by Adjudication and Decree dated
February 16,1968 at No.387 of 1967 by the
Orphans'Court of Washington County,
Pennsylvania
II
1 9 6 8
Apr.19
Cash
Miscellaneous
Dividends and Bond Interest received
subsequent to Adjudication and
pecree dated 2/16/68 2,260.04
.Less:1967 Fiduciary.Income Tax
for Fiscal year ending
9/30/67 91.28
Dividends -Stocks
Cyclops Corporation
Common
2,375 shares 6/28/68 -12/30/69 7,540 63
1,102 46
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2,168 1 76
I
Eastman Kodak Company
Common
11 shares 10/2/69
27 shares 1/6/70
Iron and Glass:Dollar Savings Bank
Capital
1 share.6/12/68 -12/10/69
- 5 -
2.75
14031
17 06
I
18 00 II
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ANNE A.DUNCAN TRIJST1=--=--==..=-.=--o-----------.---=--=================~===::::::::::======:;=====F--·:·::·;:r==='.=-':.-C=;=-==-,:::·
Dividends -Stocks (continued)
Texaco,Incorporated
Capital
63 shares 9/11/68
78 shares 12/11/68 -3/11/69
94 shares 6/1l/69
200 shares 9/11/69 -3/13/70
Interest -Bonds•
44.1C
11700C
75.20
240.0C
476 30
8,051 99
1 9 7 0
YJar.20
United States of America Treasury Notes 4 3/4%
$5,000 2/16/68 -2/16/70 .
2,000 2/16/70 -~3/20/70
DISBURSEMENTS
Administrative Expenses
Internal Revenue Service
Fiduciary Income Tax for Fiscal
Year ending
1968
1969
The Union National Bank of Pittsburgh
Accountant's compensation
To Principal -Personalty Account
Amount transferred for Investments
- 6 -
475 00
11 28
I
486 281
i
I11,809 49:
819 19
874 90
i
1,694 091.:
I
I20C18i
H-----+--I
1,89j 2?!
9,71 440:
! :
11,610 67;
F====::j:i=!
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COMMONWEALTH OF PENNSYLVANIA
S8:
,COUNTY OF WASHINGTON
J.DONALD PATTON,Senior Vice President of THE UNION N~TIONAL BANK OF
PITTSBURGH,the above named accountant being duly sworn according to law deposes
and says that the disbursements shown in the account have been made to the parties
Ii)
entitled thereto and that the account as stated is true and correct as he verily
believes.
--...;.~~a~~'-~;:;"pr.....:?Jiv:"':~-i-d-e-nt----'--
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Sworn and subscribed before me this,__~Z--..:..3_.A-t1~__day of I/:...::V'__~;..=....:...::~=--_,1910.
Notary P1llblic
CLAIR A.N£l/!'fON,NOTARY PUBl.IQ
PITIS8lJRGfi,~',I.~GHENY COUNTY
REQUEST FOR DISTRIBUTION :tIW COMWii~:;iO;j EXPIRES fiB.21.1972
Accountant requests that distribution be determined bl the Court in
accordance wit.h the Petition for Distribution to be offered in =vidence at tho
audit.of this account.
THE UNION NATiONAL BANK OF PITTSBURGH
BY_~~~~14-~@.~_
j
Fo:-m for Guardian or Trustee
'rtUtntt ~ur J\Ullit
lit wqe (@rpqaus'<l!nurt·itf DIIusl1tugtnu ornu~ty
~a~r offn~i~~···~~~~iu·~~!l~I~~,Y.i§j~!::~~~·~iled at No JJ~L of 19~..79
..j~~~~...y!-~f911~....~~E.~.~.~.~.~~.~.~...A¥.!~.!?:9ffi~.!?:~...g~:ted Fid~~VfvI~:..·¥-~t~ie:~~~?·~~·..·?·~~..·~f ~~~.~9.~gh,
For First and Final Account"James E.Duncan,_:..
IIf..fo·r..·b·e·i;:ei~'it'..;f·M~ry·..AmY·..i:i~·;·~·..T~·;~..Fiynn~lace of record Washington County,Pennsylvania
I.............................................................................................................................of appointment ~fl.'teil :v:i.¥ee...;]Ttl-S.1:t .
minor-incompetent-life tenant
Date of trust
or·~...T.r.ust...Inden:tlJXe...da.te.d..A.ugus.t.19,1935 and substituted Amendment dated January
If there have been former accounts 4,1941.(See,Adjudication and Decree dated 2/16/68 at No.387
filed in this estate,list:)of 1967 o.C.attached hereto and .marked Exhibit "A")
)156 of 1960 O.C.(First Account share of James E~Duncan,III). .
387 of 1967 O.C.(Se~Dnd and Partial AccoUnt share Jf JamesE.Duncan,III)!
Reason .for filing .this account..J1gIT ~p.:tm,g.~n....tng.K.f.JY.P.nL..1?~.g.@J..~~1 :Y.~.~.r..~...9.f...~_~,g~l~L~JL9.9...
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All,persons having any interest,vested or contingent (including claimants),in the fund now before the Court,
with the nature of their interests are:
,.
Mary Amy Duncan Flynn -born December 21,1948 -vested interest
No Claimants
I All of said parties have received notice as required'by the Court Rul~~
Mary Amy Duncan (now Flynn):lIS the only party in :interest
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 th.at must te met in distribution:
).
None
)..
$J.1J)7..~~~..*=..
Principal $l5.,.636 7.8 :..
Income $~~~.~~.~.
'/5'~·~S'rbO
".''.'.'~.
Balance for distribution per account,'...' .
Additional debits not shown in account:
(Indicate whether income or principal)
FTincipal:
Administrative Expense
Russell Marino,Register of Wills of
Washington County,F'ennsylvania -Cost of
..'filing First and Final Account.
Income:
Administrative Expense
Accountant's Compensation
Additional credits not shown in account':
(Indicate whether income or principal)
Principal
None
Income:
Dividends-Stocks
2,375 shares Cyclops Corp.-Common 3/31/70
27 shares Eastman Kodak Co.4/2/70
1 shares Iron and Glass Uollar Savings Bank
capital 3/19/70
Total additional'
22.00 -"t
22.00
.-':{,
".
Balance for distribution Principal $15.~614..7.a ..
Income $l.,.3l3.•.7.4 ..
Total $16.,.928 52 ..
12,334.23
3,035.88
$15,370.11
50.83
2,074.27
8,219.88
1,989.25
If the balance for distributi~n 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:
Stocks
Cyclops Corporation
2,375 shares Common
Eastman Kodak Company
.27 shares Common
Iron and Glas's Dollar Savings Bank
1 share Capital
Texaco,Incorporated
200 shares Capital
Bonds
United States of America Treasury Notes
3 3/4%$3,000 dated 2/15/67 due 2/15/72
The Trustee,in .makingany distribution of principal of the fund,may .make distribution
in money or in kind,or partly in money and partly in kind in accordance with Article
V of the Indenture dated August 19,1935...,
--.."':.:.-...
IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA
ORPHANS I COURT DIVISION
ESTATE OF ANNE A.DUNCAN,INTER
VIVOS TRUST UNDER INDENTURE
DATED AUGUST 19,1935 ARTICLE
VIII AND SUBSTITUTED AMENDMENT
DATED JANUARY 4,1941,JAMES E.j
DUNCAN,III,NOW DECEASED FOR
BENEFIT OF MARY AMY DUNCAN
(NOW FLYNN)
)y
)
)
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NO.312 of 1970
DEClARATION AND REQUEST FOR CONFIRMATION OF
ACCOUNT
I,the undersigned,MARY AMY DUNCAN,now by marriag3,MARY AMY
,11 A.~
DUNCAN FLYNN,do hereby certify that I was born December'"S.1948 and became
I~A.~
twenty-one -years of age December~,1969;that I have examined the account of
The Union National Bank of Pittsburgh,my trustee,and I am satisfied therewith
and do hereby request its confirmation by the Court.
I hereby certify that I am a citizen of the United States of America.
Witness my hand this ~Sti\day of _~...:..=u,-,N.,-,=-~_
MA AMY NCAN
Now by marriage:
1970.
FERGUS,MARTIN
AND FERGUS'
ATTORNEYS AT LAW
27 SOUTH COLLEGE STREET
WASHINGTON.
PENNSYLVANIA 15301
WITNESS:
)..'-
Set forth accountants suggestion as to manner and forin 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:
The entire balance is to be distributed to Mary kIIry Duncan Flyrm who has now attained
her majority on December 21,1969.
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Allegheny
COUNTYOF~
COMMONWEALTH ~OF PENNSYLVANIA,}SS
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The above named Fiduciary or representative thereof,
being duly ~~~!.!!:doth depose and say that the
facts set forth in the fon~g()ing petition are 'true to the
best of...~?:.~knowledge and belief.
\.......!?w:g.:r.:g,to and subscribed before me
This.,~.L.d day ;U yt{A..~..
~ignature ·af Oifieer.~~._,'.
Titl~of Officer ~~m..~:..~~~I ..~9:r.~RY..f.V.~JJg ..
PITTSBURGH.ALLEGHENY COUNTY
•.MY COMMISSION EXPIRES FEB.21,197~Office expIres :.
And your petit~o.ner will ever pray,etc..
THE UNION NATIONAL BANK :IF PITTSBURGH,....~_.
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ORP~ANS;-;:COURT
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OF WASHINGT0l'!.COUNTY
FORM USED FOR GUARDI,AN-INCOMPETENTS
-Oft TRU~TEES
,.',,i to:
312'....:
No of 1~7.Q..
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,..-Anne A.Duncan Inter VivosESTATEOF:?.1.T.r~t·und~Indenture dated Au~st 19,1935ArticleVIP-and Substituted Amendmentqat;ea:··=J:aiiufi,ry ··..;..·..i94'i··....·..··:··~·..·...............
-F:OR..~~~.~....~~:~.~.9..@ JJ.J;f.9.t.Q~D.~.f..t.t ..
qi...:M~y.Am.y P..1JnQ.an (nQ.w f.lynn).,.
'..minor-in<:ompetent-life tenant
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T.h~~...~~.~?~....~~.~~g!.?:~.~....)?.~....9.f.....~.t~:t.~.pur ghi
.;'~urvi ving Trustee
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Cou'nsel for the'accountant shall submit herewith the
":.,~following,if pertinent:
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1.'Wjll or~ust instrument-attested.
2 ..In~entop.y.
3.'·Siined .elections of items to be taken in kind-
'"if distrilfution account.
4.\St~pulation"or certificate by minor approving
··account.!-J
5.;Pr~ecipe for those represented.
6.'Brief-for any question of law raised.
Harpld V.Fergus,Esq.Fergu~4 M~tin and FergusZ7:5Ot!l1ih College StreeT.
·-Was~ngt9n·;..·Penn·syi"~Wi4·~··?ci?1£t~~~~~:..·..
'Vd "00 H01D.NiBS.VIA
Sll\~A dO 'tlJ.tSl\~3l:J
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225-7030 ~2
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IN THE COURT OF COMMON PLEAS OF WASHIl'G TON COUNTY,PENN.
ORPHANS'COUR T DIVISION
Pittsburgh is the surviving trustee.The attorney is Harold V.
A.Duncan for James E.Duncan,III.Union National Bank of
No.312 of 1970
)
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Number 312 of 1970,the trust estate of Anne
Friday,May 22,1970,at 10:00 o'clock A.M.,
EDST.
HAROLD V.FERGUS,ESQ.,of Washington,Pa.,
representing the Accountant.
HEARING ON AUDIT
THE HONORABLE P.VINCENT MARINO,Judge
of the said Cou rt.
Fergus.Mr.Fergus 7 Jr.?
TIME:
ESTATE OF
IN RE:
ANNE A.DUNCAN,Trust share
of James E.Duncan III for benefit
<z of Mary Amy Duncan (now Flynn),
~.~a mInOr.>•4
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IIIII.
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~\!i BEFORE:
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!:!II:l;APPEARANCES:
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ui0::~0::.~THE COURT:
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This was a trust set'L~p by the present benef5:iciaryl;s great gralI1dtn
MR.FERGUS:If·the Court please,there are no problems in t
I believe,and it's terminating as each child becomes 21.And in
this particular case,Mary A.Duncan Flynn has just become 21.
There are no problems.
2
THE COURT:Is there anyone else in Court interested in this
trust estate?
•THE.COURT:
Court.
(NO RESPON3 E ).
.The audit of this account'is ordered closed by th
(A UDIT CLOSED)
I h~,.certify that the procee.d1Dp and e,,1dence are conta1Ja
tii:to·!l
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~fU,l.br and accurately in the cotn taken by me OD tbe hearbtc of tile above
ft ,
~calille,and tbat tb1a cOP1 fa a c~eettr..crlptof U..am•.
~II:oII.IIIII:
t-Il:;:)
8 The toreaom,'ree~of til .eedlDp ape.the beann,g of
~.
ij~above c:auae 1a herebJ approved'~d~ctedto be tUed .
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In t4t Qtnm!nf Qtnuuunn Jltus nf mnsl1ingfnn aInunty,
Jtnnnylunnin,®rp4nns f Qtnnr!Itinisinn
ESTATE OF
Anna A.Dunca~Trust Share of
No.312 of 1970
In the matter of the'_..I.:.F..I.i .un.a,a..l.l _
Pittsburgh,
James E.Duncan TTT for benefi
of~~M8ry A.my DQllcan (now Flynn)
Account of Union Nations)Bank of
S ..m t.~rv1v1ng ~r~s ee
a minor.
ADJUDICATION AND DECREE
And now .Tune :$(J 19-4!L,this matter came on for hearing,
audit and distribution at this session and testimony taken;'and thereupon,upon due consideration
thereof the balance for distribution in the hands of the Accountant is determined to be
$16 928.52 and the account is accordingly confirmed;and it is ordered,
adjudged Jnd decreed that the said barance be paid out by the Accountant in accordance with the
schedule of distribution hereto attached and made a part hereof,unless exceptions hereto be filed'
sec.reg.or an appeal be taken herefrom sec.leg.
SCHEDULE OF DISTRIBUTION
Balance per account ---'-_
Additional debit asked at audit
Additional credit asked at audit
Balance'_
$15,635.60
1137.88
16,973.48
44.96
$16,928•52
Mary Amy Duncan,now Mary Amy Duncan Flynn,ba1an~e,
including cash,2375 shares common stock of Cyclo~s
Corporation vallled at $1989.25;27 shares cornmon
stock of Eastman Kodak Company valued at $2074.27
1 share Capital stock of Iron and Glass Dollar
Savings Ba~k valued at $50.83;200 shares of
Texaco Incorporated capital stock valued at
$8219.88;3-3/4%$3000.00 United States of Americ~
Treasury Notes dated 2-15-67 due 2-15-72 valued
at $3035.88;held in kind and distributed as such
at the value as shown,income cash to the amount Df
$1282.74,l~89?;~2
Deduct Clerk's Costs &Receipts"---_
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