We summarize the long and tortuous factual and procedural history of this matter as follows:
Decedent died on September 13, 2008, survived by his three children, John T. Strahsmeier, Regan and Phillips (collectively “children”).
Decedent executed his Will on June 6, 2003. On February 13, 2006, Decedent established a money market checking account at First National Bank of Pennsylvania (“First National”). Decedent was the sole owner of this account. On October 17, 2006, Decedent revised ownership, listing Regan as “ITF” (hereinafter “ITF Account”). At various times, other accounts owned by Decedent were opened and revised at First National.
In May 2007, Decedent prepared binders (hereinafter “the binder”) containing detailed descriptions and information as to his funeral, burial, assets, debts, accounts, and estate management. The binders were given to Regan, Phillips, Strahsmeier, and C. Donald Gates, Jr., Esquire. All binders were updated regularly by Decedent.
The binder directs that upon his death, Strahsmeier, Regan, and Phillips were to take the monies from the accounts they shared with Decedent and deposit them into an estate account. The Estate Account would, after payment of debts, be divided equally among the children. The ITF Account containing the majority of the assets of the Estate was to become the Estate Account.
Judge(s): Paula Francisco Ott
Jurisdiction: Pennsylvania Superior Court
Related Categories: Wills / Trusts / Estates
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