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HomeMy WebLinkAbout12-19-07 (2) FAMILY SETTLEMENT AGREEMENT AND FINAL RELEASE IN THE ESTATE AND TRUST OF NORMAN J. SHIRES, DECEASED KNOW ALL MEN BY THESE PRESENTS, that WHEREAS, Norman J. Shires, late of Cumberland County, Pennsylvania, deceased, died testate on December 17, 2005, having first made his Last Will and Testament and the Norman J. Shires and Ann G. Shires Living Trust Agreement, which were duly executed on July 23, 2002, and the aforesaid Last Will and Testament having been duly recorded in the Cumberland County Courthouse, Register of Wills, File No. 2006-00055, WHEREAS, Norman J. Shires, by the aforesaid Last Will and Testamell~ named !lm'G. (') .::..:.: --i? r::7 Shires, as Personal Representative of his Last Will and Testament;t r~ ~"~; .2"! , WHEREAS, Ann G. Shires, renounced her right to administer the estai~:jn f~or qL' , -~-::!-c,i .,.! -, Elizabeth A. Lusk on January 19, 2006; ," -- -.I ') -' ~- , . . ,j ..::- ,~_.,.,) ;~_..~) ~ 'I WHEREAS, Letters Testamentary on the estate of decedent were duly issuea oy the Register of Wills of Cumberland County, and Letters were granted to Elizabeth A. Lusk, hereinafter called Personal Representative; WHEREAS, Norman J. Shires, by the aforesaid Living Trust Agreement, named himself and Ann G. Shires as Co-Trustees of the Living Trust; WHEREAS, upon the death of Norman 1. Shires and in accordance with Article Fifteen of the Norman 1. Shires and Ann G. Shires Living Trust, Elizabeth A. Lusk assumed the role of successor Trustee of the Trust on December 17,2005; WHEREAS, the Personal Representative has gathered the assets of the estate and trust of the decedent, and the assets consist of personal and real property to a total value of $445,584.80 as set forth in Exhibit A, which is a statement of account of the said Personal '{ liability come due to the estate and/or trust after the signing of this agreement, each of us do hereby covenant and agree with each other and the Personal Representative/Trustee that we will contribute pro rata our share of the estate and/or trust to satisfy any and all claims, demands, suits, or causes of action which may be successfully prosecuted against the estate and/or trust and/or the Trustee/Personal Representative after the signing, sealing and delivery of this Family Settlement Agreement and Final Release. IN WITNESS WHEREOF, I have hereunto set my hand and seal this 11-!] day of ~~. ,2007. (kaJ~~/ Witness };\;~ Richard N. Shir COMMON~H OF PENNSYLVANIA County of bM-0 lAd On this the (Q\fYl day Of~. ) ) ss: ) , 200.:J-, before me, a Notary Public, the undersigned officer, personally appeared Richard N. Shires, known to me or satisfactorily proven to be the person whose name is subscribed to the within instrument, and acknowledged that he executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my han~ and official seal. ~ Notary Public Estate/Trust of Norman J. Shires COMMONWEALTH OF PENNSYLVANIA NOTARIAL SEAl ,DARCE'-A.. NEil, Notary Public Boro of Carlisle, Cumberland County My Commission ExpIres Nov. 24, 2001 liability come due to the estate and/or trust after the signing of this agreement, each of us do hereby covenant and agree with each other and the Personal Representative/Trustee that we will contribute pro rata our share of the estate and/or trust to satisfy any and all claims, demands, suits, or causes of action which may be successfully prosecuted against the estate and/or trust and/or the TrusteelPersonal Representative after the signing, sealing and delivery of this Family Settlement Agreement and Final Release. IN WITNESS WHEREOF, I have hereunto set my hand and seal this J7fh day of ~f'OV\r\ ~V ~ Witness ,2007. -=::::::> ~C!~ Ralph . ShIres COMMONWEALTH OF PENNSYLVANIA County of CtI\ vn tt tV 161 J On this the '7 fh day of , 2002, before me, a Notary Public, the undersigned officer, personally appeared Ralph E. 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