HomeMy WebLinkAbout07-14-08 (3)APPROVAL OF ACCOUNT
RELEASE AND INDEMNIFICATION
ESTATE OF LUCY K. RHINEHART, DECEASED
The undersigned is one of the legatees named in the will of
Deceased, and desires that the estate be distributed without the
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The Executrix of the estate is willing to consent to such distribution upon re~ipt `
of a proper release and indemnification, which it is the purpose of this document to
provide. In consideration of the wil{ingness of the Executrix to make distribution without
the formality of a court accounting, and agreeing to be legally bound hereby, the
undersigned individually and on behalf of the undersigned's heirs, personal
representatives, successors and assigns does hereby:
1. Waive the filing of an account of the administration of the estate in any
court;
2. Declare that the undersigned has examined the attached informal account
and statementlschedule of distribution of the Executrix Sonna L.
Guerriero; finds it to be true and correct in all particulars; accept and
approve it with the same force and effect as if it had been prepared and
filed with, audited, adjudicated and confirmed absolutely by a court of
competent jurisdiction; and as if the balance of the principal and income
had been awarded by the court in accordance with the statement/schedule
of distribution;
3. Warrant that the beneficiaries named in the informal account and
statement/scheduie of distribution are the sole parties in interest in the
estate and entitled to receive the entire distribution thereof in accordance
with the informal account and statement/schedule of distribution;
4. Warrant that the undersigned knows of no outstanding and unsatisfied
claims against the estate and approves the distribution of the balance of
principal and income shown in the informal account and
statement/schedule of distribution to the persons set forth therein;
5. Absolutely and irrevocably release and discharge the Executrix and her
heirs, personal representatives, successors and assigns of and from any
and all actions, liabilities, claims and demands relating in any way to the
administration of the estate and distribution in accordance with the
informal account and statement/schedule of distribution and without a
court accounting and adjudication;
6. Agree to refund to the Executrix any portion of the distribution of the
undersigned that exceeds the amount of the undersigned's share as the
Executrix finally determines.
7. Agree to indemnify and hold harmless the Executrix and her heirs,
personal representatives, successors and assigns, from and against any
claims, liabilities, loss or expense (including costs and counsel fees)
arising from any cause whatsoever, which the Executrix may incur as a
result of the administration of the estate and its distribution in accordance
with this document, including but not limited to, any liability for any federal
estate tax, Pennsylvania Inheritance tax or any other death taxes, and any
federal or Pennsylvania income taxes, and Pennsylvania personal
property taxes, together with any interest, penalties and costs incidental
thereto, relating in any way to the estate and also including, but not limited
to, any assets received or payments or distributions made by reason of
any negligence or mistake of law or fact.
Dated: J ~ ~y 10 "L ~ y ~
a
ante K. Rhinehart
Witness: