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Home My WebLink About07-10-12F'\FILES\Clients\8462 Gregor Estate\8462. Lfamilysettlement.agr -~ cis ~.'I ~ f ESTATE OF JULIA I GREGOR ~~~J r ~`~ ~= . ~ t' ~ CUMBERLAND COUNTY FILE NO. 21-11-0653 ~~ ' ~`~ O '"` k.' ° 1 7 , ~- 4- " FAMILY SETTLEMENT AGREEMENT AND FINAL RELEASE ~c `, _... _ ~° '_' F ?-z THE UNDERSIGNED, hereby agrees that: a cn `"~ n WHEREAS, Julia I. Gregor, late ofCarlisle, Cumberland County, Pennsylvania, deceased., died testate on May 8, 2011, having first made a Last Will and Testament, which was duly executed on May 17, 2001 and is filed in the Office of Register of Wills of Cumberland County, Pennsylvania, at File No. 21-11-0653; and WHEREAS, Julia L Gregor, by Last Will and Testament, named Nancy E. Gregor as Executrix. WHEREAS, Letters Testamentary were issued by the Register of Wills of Cumberland County, Pennsylvania, to Nancy E. Gregor, hereinafter called "Executrix"; and WHEREAS, the Executrix has truly and appropriately administered the Estate of the Decedent; and WHEREAS, the Executrix has filed the appropriate Pennsylvania Inheritance Tax Return for the Estate and the Return has been audited with a determination being issued by the Pennsylvania Department of Revenue accepting the Return as filed; and WHEREAS, the Executrix has and will file the appropriate Pennsylvania and Federal Income Tax Returns for the Estate, if any; and WHEREAS, the Executrix has accomplished the payment of all obligations owing on the Decedent's Estate, except for any final income taxes, if any, and attorneys fees for which funds have been reserved; and WHEREAS, the Executrix has provided the opportunity to all Beneficiaries to examine all records of the Decedent in the possession of the Executrix and to examine all records of the Estate; and WHEREAS, the Executrix has made a partial distributions to the Beneficiaries; and WHEREAS, the Executrix is prepared to achieve the final distribution of the Decedent's Estate; and WHEREAS, the Executrix and all Beneficiaries desire that the administration of the Estate of the Decedent be terminated without the expense and delay of a court accounting and the Parties are willing to enter into this Estate Settlement Agreement in order to expedite the conclusion of the Estate; and WHEREAS, the Executrix proposes to distribute the balance of Estate funds currently held by Martson Law Offices in accordance with the attached Statement of Account. NOW, THEREFORE, the parties in consideration of their mutual covenants herein expressed and intending to be legally bound hereby, agree as follows: 1. The above-named Beneficiaries hereby waive the filing of a Formal Accounting and Schedule of Distribution in the Estate of the Decedent. 2. The parties acknowledge that they have been provided with an opportunity to examine all paperwork and accounting of all expenses and revenues from the Estate of the Decedent. 3. The parties agree that the Executrix may distribute the remaining assets of the Estate equally between Nancy E. Gregor and Hope L. Gregor. 4 The parties hereby forever release, compromise, settle and discharge any and all claims, demands, actions or causes of actions, legal or equitable, absolute or contingent which any of them may have against any other party hereto or against the Estate of Julia I. Gregor or its Executrix, Nancy E. Gregor, by reason of any matter or thing growing out of or relating to any property or assets of said Estate, or growing out of or relating to any act of the Executrix in the administration of the Estate. This Release shall release the Executrix from all liabilities, whether due to his negligence or otherwise, which they may have by reason of their administration of the Estate. This Release, however, shall not release the Executrix from any claims relating to fraud or claims relating to any willful action of the Executrix in failing to disclose or account for assets of the Estate which the Executrix may have received. Furthermore, this Release shall not be binding until signing of this Agreement by the Executrix and all named Beneficiaries. 5. Each party acknowledges that she may present this Agreement to their own private attorney for legal advice if such parties desire such individual legal advice. 6. The parties agree that this Agreement shall be binding upon themselves, their successors, assigns and personal representatives. IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the day and year first above written. WITLESS: r ESTATE OF JULIA I. GREGOR ~. N ncy E. r gor, Executr' WITLESS: ._,-, ~~~ L ~ ~ ~~ ~/ BENEFICIARIES: Nancy E. gor " ~ ~ Hope L. Gregor P:AFILESVClients\8462 Gregor 8stateA8462. Laccouncstarement JULIA I. GREGOR ESTATE STATEMENT OF ACCOUNT DATED JUNE 20 2012 FUNDS HELD IN MARTSON LAW OFFICES TRUST ACCOUNT RECEIPTS Utilities Employees Credit Union, close of account $ 114,137.42 PNC/Pension proration 5.24 Century Link, refund 33.80 Comcast, refund 36.98 PA Department of Revenue, 2010 PA40 refund 177.75 Millennium Pharmacy, refund 12.97 Kemper Insurance, refunds 136.00 Sale of vehicle First Energy, refund 51.52 US Treasury, 2011 1040 refund 126.00 TOTAL RECEIPTS 115,717.68 DISBURSEMENTS PA Department of Revenue 22.50 Millennium Pharmacy 104.36 Associates in Kidney Disease 70.71 Register of Wills, Agent, Inheritance Tax discount payment 5,500.00 Carlisle Memorial Service 185.00 Register of Wills, Agent, balance of Inheritance Tax due 554.19 Manson Law Offices, partial attorneys' fees and disbursements 2,373.00 Nancy E. Gregor, partial distribution 40,000.00 Hope L. Gregor, partial distribution 40,000.00 Reserve: Manson Law Offices, balance of attorney's fees 2,000.00 Reserve: Manson Law Offices, disbursements Filing Fee, Inheritance Tax return 15.00 UPS mailing 6.40 Additional Inheritance Tax assessed 26.55 Filing Fee, Family Settlement Agreement 15.00 62.95 TOTAL DISBURSEMENTS - 90.872.91 BALANCE FOR DISTRIBUTION 24,844.97 PROPOSED DISTRIBUTION: To: Nancy E. Gregor, per Item Two, D of Will Cash $ 12,422.49 To: Hope L. Gregor, per Item Two D, of Will Cash $ 12,422.48 TOTAL DISTRIBUTIONS: $ 24,844.97