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HomeMy WebLinkAbout06-04-13 COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NO. 21-10-1062 ------°°-------------------------------------------------------------------- ESTATE nF EDWARD J. RYKOSKEY, DECEASE',D Late of Cumberland County, PA ------------------------------------------------------------------------------ FAMILY SETTLEMENT AGREEMENT GEORGE D. RYKOSKEY, EXECUTOR Date of Death: October 3, 2010 Letters Granted: October 22, 2010 First Complete Advertisement of Grant of Letters: October 19, 2012 Baric Scherer LLC 19 West South Street Carlisle, PA 17013 (717)249-6873 -�; �' � � rn c o �.,� c-� � � C � O rti Z Z U5 x' n °--r Gy 'Ayr rnn� r- z m a �, � -- � � .�. . �c �;, c, c� � o � �� --t n c� -.,- � �,_ -±� � � � � _ � +v r- rn � -a -- n cr' v' � � AGREEMENT TO INDEMNIFY, RECEIPT, AND REL,EASE THIS AGREEMENT, by and among George D. Rykoskey, Executor of the Estate of Edwazd Joseph Rykoskey and George D. Rykoskey and Sandra A. Carney as beneficiaries of the Estate of Edwazd Joseph Rykoskey. WHEREAS, Edward Joseph Rykoskey died October 3, 2010, testate, a resident of Cumberland County, Pennsylvania; and WHEREAS, the Last Will and Testament of Edwazd Joseph Rykoskey dated August 19, 2005, was duly probated in the Office of the Register of Wills of Cumberland County, Pennsylvania as appeazs of record at Number 21-10-1062 (a copy of the Will is attached hereto and marked Exhibit A); and WHEREAS, Letters Testamentary were issued to Ueorge D. Rykoskey on October 22, 2010; and WHEREAS, said Executor has duly administered the estate according to the laws of the Commonwealth of Pennsylvania; and WHEREAS, in paragraph Two of his Will, decedent gave, devised and bequeathed his entire estate to his two children, George D. Rykoskey and Sandra A. Carney, equally, share and share alike, per capita; and WHEREAS, George D. Rykoskey and Sandra A. Carney have 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 mutua] promises, covenants and agreements recited herein, the parties do agree as follows: 1. The beneficiaries do hereby release and forever discharge the Executor, 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 Executor of the Estate of Edwazd Joseph Rykoskey, Deceased, and hereby authorize and request the Orphans' Court Division to chazge the same against their share of said estate, and in consideration for said distribution, hereby agree to refund any amounts so - distributed which may be required to fully discharge any tax liability of the estate, debts of the decedent, or administration expenses. 2. The parties to this Agreement acknowledge that this Agreement shall be indexed and recorded in the estate proceedings and that the terms hereof shall be binding upon their respective beneficiazies, successors, and assigns. This Agreement shall be governed by the laws of the Commonwealth of Pennsylvania. DATED this as�day of May, 2013. - �. � —— TNE George . Ryko , Executor/Bene iary ,X�.[n�h� �> L-F_'Gh_na� WI S Sandra A. Carney, Beneficiary