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FAMILY SETTLEMENT AND F1NAL RELEASE
IN
ESTATE OF NANCY T. PETERMAN, DECEASED
KNOW ALL MEN BY THESE PRESENTS, that WHEREAS, Nancy T. Peterman
late of 32 E. Green Street, Mechanicsburg, Pennsylvania, deceased, died testate on
December 7, 2008, having made her last will and testament, which was duly executed
on, November 30, 2005, and is duly recorded in Cumberland County;
WHEREAS, the said Nancy T. Peterman by the aforesaid last will and
testament, named Diane M. Nilsen, as Executrix of said last will and testament;
WHEREAS, Diane M. Howard a/k/a Diane M. Nilsen signed a renunciation,
renouncing her rights to Lois M. Newman on December 12, 2008
WHEREAS, letters testamentary on the estate of the said decedent were duly
issued by the Register of Wills of Cumberland County, Pennsylvania, to the said Lois
M. Newman, hereinafter called personal representative on January 15, 2009.
WHEREAS, the said personal representative has gathered the assets of the
estate of the said decedent and the assets consists of both real property and personal
property to a total value of $139,568.91, having available cash assets of $32,586.16,
as set forth in Estate Tax Return of the Decedent which was filed with the Cumberland
County Register of Wills and .Exhibit A, which is a Summary of Distribution to
Beneficiaries, which is attached hereto and made a part hereof;
WHEREAS, the debts and deductions, including inheritance taxes in the said
estate, amount to $15,864.41 leaving a balance of $16,721.75 for disbursement to the
heirs under the will.
WHEREAS, the balance for distribution as shown in the said statement marked
Exhibit B has been reduced to cash and shall be distributed as herein indicated;
$15.00 payable to Register of Wills (File Return)
$5,140.39 payable to Register of Wills (Inheritance Tax)
$20.00 payable to Register of Wills (File Family Settlement)
$5,544.51 payable to Law Offices of Peter J. Russo
$5,144.51 payable to Lois M. Newman, Executrix Fee
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WHEREAS, this agreement may be executed in multiple counterparts, which
said counterparts shall constitute a single Agreement.
NOW THEREFORE, KNOW YE, that we,
BENEF/C/AR/ES
LO/S M. NEMAN $16,721.75
being all of the heirs under the last will and testament of the said decedent and being
those persons entitled to inherit under said last will and testament do hereby each of us,
acknowledge that we have this day had and received from the aforesaid personal
representative, in full satisfaction and payment of alf sum or sums of money, legacies,
bequests, and devises as are given, devised and bequeathed to each of us respectively
by the said last will and testament, the amounts due us under said last will and
testament, which amount we shall receive upon the sale of the real estate, which
amounts are in the amount set opposite our respective names in the table and schedule
of distribution in said statement attached hereto and marked Exhibit A as well as the
Estate Tax Return of the Decedent which was filed with the Cumberland County
Register of Wif1s
AND, we agree with the distribution schedule as set forth in the Estate Tax
Return of the Decedent which was filed with the Cumberland County Register of Wills
and Exhibit A;
AND, each of us does hereby stipulate that in order to avoid the expense and
time involved in the filing of a formal account and schedule of distribution, we each
agree that no account is necessary and we do hereby agree that we do consent to
distribution being made without the filing of an account and schedule distribution, the
same to be with the same force and effect as if they had been filed and confirmed by
the Orphans' Court Division of the Court of CUMBERLAND COUNTY.
THEREFORE, we and each of us, do hereby remise, release, quitclaim and forever
discharge the said personal representative, LOTS M. NEWMAN, her heirs, Executors,
and administrators, the Law Offices of Peter J. Russo, P.C. and assigns of and from the
said estate and from all actions, suits, payments, accounts reckonings, claims and
demands whatsoever for or by reason thereof, or for any other use, matter, cause or
thing whatsoever, touching upon the estate of the said NANCY T. PETERMAN, and
each of us do further hereby covenant and agree that should any liability come due to
the estate of the said decedent after the signing of this agreement, we and each of us
do hereby covenant and agree with each other and the estate to satisfy any and all
claims, demands, suits, or causes of action which may be successfully prosecuted
against the said estate of the aforesaid personal representative after the signing,
sealing and delivery of this family settlement agreement and final release.
iN WITNESS WHEREOF, we have hereunto set our hands and seals.
WI S:
~~ (SEAL)
IS M. NEWMAN
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STATE OF QIl~r~ti ~Q fo ~i n~
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before me a Notary Public, the undersigned off'cer, personally appeared
LOTS M. NEWMAN
(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. ,~~a~Q,
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EXHIBIT A
DISBURSEMENT OF FUNDS
$15.00 payable to Register of Wills (File Return)
$5,140.39 payable to Register of Wills (Inheritance Tax)
$20.00 payable to Register of Wills (File Family Settlement)
$5,544.51 payable to Law Offices of Peter J. Russo
$5,144.51 payable to Lois M. Newman, Executrix Fee
BENEFICIARIES
LOTS M. NEWMAN $'16,721.75
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PETER J. RUSSO, ESCZUIRE
ASHLEY R. SIPS, PARALEGAL
Register of Wills
Cumberland County
1 Courthouse Square
Carlisle, PA 17013
LAW OFFICES OF
PETER J.RUSSOr.c.
ATTORNEYS AT LAW
ELIZABETH J. SAYLOR, ESCZUIRE
AMBER L. SOUTHARD, PARALEGAL
Tuesday, July 27, 2010
RE: Estate of Nancy T. Peterman, Deceased ~? ~a
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Settlement and Final Release in re ards to the above mentioned estate:-;:,I~'thdl
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file the original and return the time stamped copies in the envelope provided. ~, . ~7 c- a
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Should you have any questions please feel free to contact our office.
Thank you for your assistance in this matter.
Very truly yours,
~ Z.
shley R. ipe, Para gal
Enclosure
5006 EAST TRINDLE ROAD, SUITE 100, MECHANICSBURG, PA 17050
PHONE: (717) 591-1755 FAX: (717) 591-1756