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HomeMy WebLinkAbout01-25-113 ~__ ~~ _._~.... _. ~.,...f -..1~ ,~. ~. ---: ~ --~ _ f'J 1 ~t~ 1~ ~ ..~.._. _.. - J 1=; ~~ ~, _,`7 ti _._, _ i.. - ~ -• -_ ,. -- ; ... -- i :_... _ } _: .. -^- ~ -r- i Y" ~ COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NO. 21-10-073 8 ------------------------------------------------------------------------------ ESTATE OF THELMA S KRONE, DECEASED Late of Cumberland County , PA ------------------------------------------------------------------------------ FAMILY SETTLEMENT AGREEMENT AND RELEASE OF KENNETH A KRONE, ADMINISTRATOR Date of Death: March 5 2010 Letters Granted: July 22, 2010 First Complete Advertisement of Grant of Letters: November 24, 2010 Account stated to: January 24, 2011 ~- John C Oszustowicz, Esq. 104 South Hanover Street Carlisle, PA 17013 (717) 243-7437 AGREEMENT TO INDEMNIFY, RECEIPT, AND RELEASE THIS AGREEMENT, by and among Kenneth A Krone, Administrator of the Estate of Thelma S Krone, Deceased and Kenneth A Krone WHEREAS, Thelma S Krone died March 5, 2010, testate, a resident of Cumberland County, Pennsylvania; and WHEREAS, Thelma S Krone died intestate, the sole surviving beneficiary is Kenneth A Krone; and WHEREAS, Letters Administration were issued to Kenneth A Krone on July 22, 2010; and WHEREAS, said Administrator has duly administered the estate according to the laws of the Commonwealth of Pennsylvania; and WHEREAS, Kenneth A Krone 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 final distribution of this estate be accomplished without a formal accounting to the Orphans' Court Division of the Court of Common Pleas of Cumberland County, it being the desire of the parties to avoid the expense, delay and publicity of a formal accounting. NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements recited herein, the parties do agree as follows: 1. Kenneth A Krone does hereby release and forever discharge Kenneth A Krone, Administrator, from any and all liability which he had or may have or which may from time to time arise in connection with his service as Administrator of the Estate of Thelma S Krone, Deceased, and hereby authorize and request the Orphans' Court Division to charge the same against his share of said estate, and in consideration for said distribution, hereby agree to refund any amounts so distributed which maybe required to fully discharge any tax liability of the estate, debts of the decedent, or administration expenses. 2. Each party to this Agreement acknowledges that this Agreement shall be indexed and recorded in the estate proceedings and that the terms hereof shall be binding upon their respective heirs, successors, administrators, administrators and assigns. This Agreement shall be governed by the laws of the Commonwealth of Pennsylvania. DATED this J }~ day of ~ Q n ~ Q Y , 2011. ? iI/ Witness Kenneth A one, A inistrator ~~ Witness A Krone,