HomeMy WebLinkAbout04-15-09M ~
~,
~-
~Cp
FAMILY SETTLEMENT, RECEIPT & RELEASE
ESTATE OF KATHERINE COSTOPOULOS
KNOW ALL MEN BY THESE PRESENTS, that this AGREEMENT is made this ~y~N
day of ~~2 1 L , 2009 by and among, James C. Costopoulos, William C. Costopoulos,
John C. Costopoulos, Paul C. Costopoulos, and Virginia Schmitt;
WHEREAS, we are the children of Katherine Costopoulos, a widow, who died March 19,
2006, having first made her Last Will and Testament dated May 7, 1997;
WHEREAS, each of us has personally examined the aforesaid Last Will and Testament,
which was admitted to probate before the Office of the Register of Wills, Cumberland County,
Pennsylvania, and filed to estate No. 2006-0324;
WHEREAS, James C. Costopoulos and William C. Costopoulos have been duly
appointed the personal representatives of the Estate of Katherine Costopoulos ("the Estate");
WHEREAS, the personal representatives have gathered the assets of the Estate consisting
of both real properly and personal property; n o
~~ ,~
WHEREAS, the debts and deductions, including but not limited to the p~~ of ~ G?
taxes, have been paid by the personal representatives; ~ ro ~ ~ ,
D cry ~ r-,
WH)GREAS, the balance for distribution has been distributed in acco the Yr
terms of the Last Will and Testament; ~ o ~._° p,-,
c ~1~
NOW, THEREFORE, KNOW YE, that we, James C. Costopoulos, William C. ~'
Costopoulos, John C. Costopoulos, Paul C. Costopoulos, and Virginia Schmitt, being the
children of Katherine Costopoulos and heirs under her Last Will and Testament, and being those
persons entitled to inherit thereunder, do hereby, each of us, acknowledge that we have received
from the personal representatives, in full satisfaction and payment of all sum or sums of money,
legacies, bequests, and devises as are given, devised and bequeathed to each of us respectively by
the aforesaid Last Will and Testament, the amounts due us thereunder;
AND, each of us does hereby stipulate that in order to avoid the expense and time
involved in the filing of a fom~al account and schedule of distribution, we each agree that no
formal accounting to the Court is necessary, and we further agree that the informal account and
distribution made by the personal representatives hold the same force and effect as if confirmed
by the Court.
THEREFORE, we and each of us do hereby remise, release, quitclaim and forever
discharge the personal represerrtatives, their heirs, executors, and administrators and assigns, of
and from the said estate and from all actions, suits, payments, accounts, reckonings, claims, and
Page 1 of 2
V 0
r M
demands whatsoever for or by reason thereof, or for any other use, matter, cause or thing
whatsoever touching upon the Estate, and each of us do further hereby covenant and agree that
should any liability come due to the Estate after the signing of this agreement, we and each of us
do hereby covenant and agree with each other and the personal representatives that we will
contribute pro rata our share of the Estate to satisfy any and all claims, demands, suits, or causes
of action which may be successfully prosecuted against the said Estate or the personal
representatives after the signing, sealing and delivery of this agreement.
IN WITNESS WHEREOF, the parties have set their hands and seals the day and year
!~ -
Jostoneulos
witness
wimess
Paul C. Costopoulos -~°
~-~-` ,
~~ `-~
Virginia Schmitt
Page 2 of 2