Estate of Philip Meriano, Deceased, Anita Panepinto, Administratrix - Page 9

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          liquidate securities transferred to them from the estate's                  
          account as payments for their fees.                                         
               During the time he had control of the bonds, Lynch sold some           
          of them and used the proceeds to pay Reardon and himself the fees           
          they earned pursuant to their August 7, 1979, agreement with the            
          estate.  He also sold securities and used the proceeds to pay the           
          law firm $95,000--$50,000 for their legal services in the Bossi             
          litigation and $45,000 for other legal services performed as                
          general counsel for the estate.  A total of $720,761.19 was                 
          disbursed to Lynch and Reardon.                                             
               In August 1980, Anita Panepinto (Panepinto), a niece of                
          Philip Meriano's deceased wife, found a will dated November 17,             
          1973, and a codicil dated December 2, 1973, that had been                   
          executed by Philip.  The will and the codicil named Panepinto and           
          Elaine Hernardi (Hernardi), another niece of Philip's deceased              
          wife, as beneficiaries of the entire estate.                                
               On or about August 30, 1980, Panepinto presented the will              
          and codicil to the Register of Wills in Philadelphia for probate.           
               On December 9, 1980, Mary Orlando, as administratrix of the            
          estate, filed a petition with the Orphans' Court Division, Court            
          of Common Pleas of Philadelphia (the Orphans' Court), seeking               
          approval of the fees paid by the estate to Lynch and Reardon.               
          Action on the petition was deferred by the Court until the                  
          accounting to be filed by the estate was audited by the court.              






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