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HomeMy WebLinkAbout05-22-08 (2) IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION ~~ C":::;) C=) ~) NO: 2007-00353 (") Co <. ::D . 'J-o ;~g :._-~ (;) 7~ ...)r-,C ,::::) -'fi c ::D ---I ~ :J;: :;::..... .....: IN RE: ESTATE OF GORDON L. McKIERNAN Deceased l"..) N ,. -0 :::it: FAMILY AGREEMENT AND RECEIPT AND RELEASE r'-') L') &'" THIS AGREEMENT by and between JAY S. McKIERNAN and JOEL L. McKIERNAN, as co-Executors of the Estate of GORDON L. McKIERNAN, deceased and SHIRLEY McKIERNAN of Mechanicsburg, Pennsylvania. WHEREAS, Gordon L. McKiernan, who resided at Messiah Village, 222 Messiah Circle, Mechanicsburg, Pennsylvania, died March 5, 2007, having left his Last Will and Testament dated March 10, 1998, which was duly admitted to probate by the Register of Wills of Cumberland County at the above number and term on April 11, 2007; and WHEREAS, Jay S. McKiernan and Joel L. McKiernan have been duly appointed Co-Executors of the Estate of Gordon L. McKiernan, after Shirley McKiernan duly executed a Renunciation of her right to administer the Estate in favor of Jay S. McKiernan and Joel L. McKiernan; and WHEREAS the parties in interest under the Last Will and Testament of Gordon L. McKiernan are: (1) Shirley McKiernan, wife 0t ~ WHEREAS, each of the above identified parties is entitled to a one hundred (100%) percent distributive share of the residuary estate; and WHEREAS, each of the above named has been furnished with a complete listing of the estate assets, receipts and disbursements; and WHEREAS, it is the desire of the parties to this Agreement that the final distribution of this estate be accomplished without a formal accounting to the Orphans' Court Division of the Court of Common Pleas Cumberland County, it being the desire of the parties to avoid the expense, delay and publicity of a formal accounting; and WHEREAS, the parties acknowledge receipt of a Proposed Schedule of Distribution. NOW THEREFORE, in consideration of the mutual promises and agreements recited herein the parties agree as follows: I, Shirley McKiernan, do hereby acknowledge that I am receiving the sum of $31,403.76 as payment of any amount that I may be entitled to receive for any and all entitlements, due to me from the Estate of Gordon L. McKiernan and acknowledge that this is full and complete satisfaction of any and all devises, bequeaths, rights, entitlements or claims of any kind that I have against the above referenced estate. I further acknowledge that I accept this distribution, full disclosure of all administration of the estate, and acknowledge that this does not include any funds in joint bank accounts. I further hereby release Jay S. McKiernan and Joel L. McKiernan, coo-Executors, from any claims and liabilities which may arise against them as a result of the administration of the Estate of Gordon L. McKiernan, and agree to hold them harmless and reimburse them my pro rata share of any such expense incurred by them as a result of the administration of the estate, should a charge be imposed. I hereby expressly waive my right to have a formal accounting prepared and presented to the Court, with the understanding that such a waiver forever bars me from claiming that Jay S. McKiernan and Joel L. McKiernan, co-Executors, have committed any mistake, error, negligent act, or wrong in connection with the receipt, management and/or disposition of the assets of the Estate of Gordon L. McKiernan. INTENDING to be legally bound, I have signed this Family Agreement and Receipt and Release, this ) i ~ day of tr~ i 2008. WITNESS: . . . 9fo/ lltj{;p~-?- '~ (}1C~ ~:fr~7, " ;;;:1~ J l.-(' /"'CP"l-;<rt:.- ShirleycKiernan ' .I' If -1 ,..-/" ,..........v i. ~__"<<~. ///, / /0/17. It ,( / ,/ ," , :1~: Ai 'L,... #' i/ t J2cr&~~ as co-Executor of the Estate of Gordon L. McKiernan -_.....--~- ~~ 1tl~X~ oel L. McKiernan As co-Executor of the Estate of Gordon L. McKiernan