ESTATE OF ANNETTE SIEGAL

ESTATE OF ANNETTE SIEGAL ANALYSIS OF FIDUCIARY ACCOUNTINGS 12/27/13 Accounting for Marital Trust u/w/o Martin Siegal Accounting for Estate of Annette Siegal Summary Schedule C Beginning (2/22/11) 464,938.00 4,480,682.00 Gains 19,434.00 Losses (1,198.00) (157,358.00) Loans to Gary (88,646.00) Debts (485,704.00) Funeral (1,832.00) Administration (165,599.00) Federal taxes paid (20,000.00) Payment by estate for trust (12,028.00) Transfers from estate to trust 253,483.00 (253,483.00) (253,483.00) Transfers from trust to estate (127,037.00) 127,037.00 127,037.00 Expenses paid by trust for estate (131,974.00) 131,974.00 Income 10,107.00 123,852.00 Partnership losses (16,955.00) (19,904.00) Expenses 12.321001 9.9.2 1140.544.001 Ending (1/31/13) 360,396.00 5,528.00 3,494,553.00 Bequests 12.579.872.001 Net on hand 914 681 0Q Recapitulation Marital Trust Estate Total Debts 63,518.00 485,704.00 549,222.00 Funeral 44,898.00 1,832.00 46,730.00 Legal 2,216.00 23,054.00 25,270.00 Accounting 7,600.00 51,970.00 59,570.00 Executor's commissions 90,000.00 90,000.00 Appraisal 575.00 575.00 NJ house expenses 8,922.00 64,413.00 73,335.00 Florida condo expenses 9,254.00 52,138.00 61,392.00 Automobile lease and insurance 1,321.00 13,447.00 14,768.00 Margin interest 0.00 9,149.00 9,149.00 Mortgage payments 1,845.00 0.00 1,845.00 Federal taxes 4,428.00 20,000.00 24,428.00 Other 2,322.00 0.00 2,322.00 Fees 0.00 1.397.00 1.397,00 146.324.00 $13.679 0Q =sum Expenses paid by estate for trust 131,974.00 Expenses paid by trust (income) 2,322.00 Expenses paid by estate 685,163.00 Expenses paid by estate (income) 140.544.00 o80 001 0Q EFTA01078032 Computation of residuary estate 3,494,553.00 Net on hand before payment of bequests Less: Preresiduary bequests Jewelry — Peggy 200,000.00 Sterling Silver — Peggy 4,500.00 General bequest — Barbara Berkow 20,000.00 General bequest — Mattie Siegal 25,000.00 General bequest — Peggy 800,000,00 J1.049.500.001 Net 7 44c$6.1 .124 Peggy Gary 1,21g Payable as follows 1,222,526.50 1,222,526.50 2,445,053.00 Payments on account Loan receivable 0.00 250,000.00 250,000.00 Cash 475,000.00 805.372.00 1.280.372.00 Total 475,000.00 1,055,372.00 1,530,372.00 Balance payable to each: 747,526.50 167,154.50 914.681.00 Computation of trust remainder Net on hand 360,396.00 Add back: Loans to Gary 88,646.00 Total available for distribution 442.112.02 Peggy Gary Total Payable as follows 224,521 00 224,521.00 449,042.00 Payments on account 0.00 88.646.00 88,646.00 Loan receivable Balance payable to each: 224,521 00 135,875.00 360 396 00 Total payable to each 972 047 5Q 303 029.5Q 1.275.077.0Q EFTA01078033