| |
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[Bk0467 0193 follows]
|
| DISBURSEMENTS |
|
|
|
| Item |
Ckno
|
|
| 1 |
Colonial Emerg Phys (med bill) |
1 |
10.40 |
|
| |
VOID |
2 |
|
|
| 2 |
Fairfax Circ Ct. letters |
3 |
14.00 |
|
| 3 |
Jean M. Nader probate tax reimb |
4 |
1,269.00 |
|
| 4 |
NationsBank Car loan payoff |
5 |
1,364.97 |
|
| 5 |
Checks |
|
15.89 |
|
| 6 |
Jean Nader int on Hallmark acct while dep in estate acct |
7 |
270.82 |
1 |
| 7 |
Commissioner of accounts Inventory |
8 |
61.00 |
|
| 8 |
IRS 19911040 return |
9 |
15,332.00 |
|
| 9 |
Va. Dept Tax 1991 return |
10 |
2,856.00 |
|
| 10 |
Jean M. Nader, disb |
11 |
75,000.00 |
|
| 11 |
Jean M. Nader, bills pd SHE IS OWED 30 cents(?) |
12 |
8,559.00 |
|
| 12 |
Sheila Ann O'Connell-Shevenell, disb |
13 |
75,000.00 |
|
| 13 |
Sheila Ann O'Connell-Shevenell, cem bill |
14 |
475.00 |
|
| 14 |
Anthony M, O'Connell, disb |
15 |
75,000.00 |
|
| 15 |
Anthony M. O'Connell int/disb 4/22-5/20 |
16 |
230.14 |
2 |
| 16 |
A. G. Edwards legal charge (debit fm div) |
|
40.00 |
|
| 17 |
IRS estimated Estate Tax |
17 |
119,000.00 |
3 |
| 18 |
Virginia estimated Estate Tax |
18 |
31,000.00 |
3 |
| 19 |
IRS 1991 income tax |
19 |
28,334.00 |
|
| 20 |
Va Dept Tax 1991 amended return |
21 |
5,712.00 |
|
| 21 |
National Fire Ins Co of Hartford Nuveen bond |
22 |
169.26 |
4 |
| 22 |
U. S. Trust processing fee |
23 |
20.00 |
4 |
| 23 |
Harold O'Connell Trust, appraisal |
24 |
2,000.00 |
5 |
| 24 |
Jean M. Nader, disbursement |
101 |
33,000.00 |
|
| 25 |
Anthony M. O'Connell, disbursement |
102 |
33,000.00 |
|
| 26 |
Sheila Ann OVConnell-Shevenell, dis |
103 |
33,000.00 |
|
| 27 |
IRS est share of int due 91 amd tax |
104¹ |
241.81 |
6 |
| 28 |
1988 Plymouth Van to Anthony O’Connell |
|
8,000.00 |
7 |
| |
|
|
|
|
| TOTAL DISBURSED |
|
548,975.29 |
|
|
| Vouchers in support of these disbursements are submitted herewith. |
NOTES:
1. Decedent: had a POD account in Hallmark Bank with Jean Nader. The bank erroneously paid the amount to the estate. This figure is the interest earned on that sum while in the estate account. (Accounting entanglement $270.82)
2. This represents interest earned in the estate account on the amount of the disbursement while the disbursal was delayed. This is to equalize the disbursements among the legatees. (Accounting entanglement $230.14)
3. Estimated tax was paid with an extension request. ($175,000.00 version and $119,000.00 version)
4. Expenses incurred due to lost Nuveen certificate of ownership. (Accounting entanglements $169.26 and $20.00) |
[Bk0467 0194 follows] |
5. Decedent owned a partial interest in 15 acres of land in Accotink. The Harold O’Connell Trust owned the other share. The estate agreed to pay for the appraisal which hopefully will reduce the value of the tract by 50%. The beneficiaries of the Trust are the same persons as the devisees under the will and in the same shares. (Accounting entanglement using an imaginiary $2,000.00)
6. When the 1991 income tax was prepared by Edward J. White, Co- Executor, a large capital gain was omitted necessitating the filing of an amended return. $526.55 was assessed in interest by the IRS. The figure is the amount of interest earned by the estate while the amount due the IRS was in the estate bank account. The balance of the interest assessment was paid by Edward J. White. (Accounting entanglement $241.81)
7. Jean M. Nader and Sheila O’Connell-Shevenell agreed that the vehicle should be disbursed to Anthony M. O’Connell in addition to his 1/3 share of the remainder of the estate. (Accounting entanglement using car as $8000.00 gift-estate tax interplay) |
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