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HomeMy WebLinkAbout09-02-15 (2) , IN RE: : IN THE COURT OF COMMON PLEAS OF ESTATE OF JOSEPH A. TURRI, : CUMBERLAND COLTNTY, PENNSYLVANIA Deceased : ORPHANS' COURT DIVISION� �i� � �� : NO. a� �"�J "� �� �- `�' � r'_' � `? �, '.� �; �'� ._� , ;.� T., _ , :. . a RECEIPT, RELEASE AND REFUNDING AGREEMENT. " r�� r'' .�� , ;, , �, �r3 _-�; The undersigned, BARBARA L. SOWERS and STEVEN W. FAHNESTO�, GP�-� . r�.� ':;�� � Trustees of the Barbara L. Sowers Trust (hereinafter referred to as the "Trustees") cre�� under' ITEMs 3(a) and 5 of the Last Will and Testament of Joseph A. Turri dated December 21, 2012 and Codicil dated November 4, 2014 (hereinafter together the "Will"), do hereby acknowledge receipt from BARBARA L. SOWERS, Executrix of said Will (hereinafter referred to as the `Bxecutri��"), of principal cash in the sum of Five Hundred Thousand Dollars ($500,000.00), and statutory interest thereon at the rate of Five Percent (5%) from the date of Decedent's deatl�, on account of full satisfaction of the bequest contained in ITEM 3 of said Will. IN CONSIDERATION of said distribution, the undersigned Trustees do hereby release, remise, quit claim and forever discharge the Executrix, her agents, heirs, personal representatives, successors and assigns, of and from all actions, suits, payments, accounts, reckonings, claims and demands whatsoever for or by reason ofthe bequest under ITEM 3(a)ofthe Will. AND the undersigned as Trustees on behalf of the Trust but not individually, do hereby agree to indemnify and sa�e harmless the said Executrix, to the extent of said distribution, against any and all loss, damage, costs, verdicts,judgments, awards and expenses which said Executri��may suffer, incur, be put to, pay or lay out by reason of having made distribution of said bequest to the undersigned, and the undersigned agree to refund to the Executrix upon receipt of such a request from 992839.1 the�xecutrix,ai�y portion�f the abave distributian to whieh the und�rsi�neci is r�ot praperly�ntitled or which shall at any time be nec�sshry ta aisc;harge any debt, expense or liability of the Estate, including but not linlited to any estate,inheritant�c,transfer or income ta�. It is the intention of the undersi�ned to be legally bound by tY�is irzstrument. 1�I�e ur�c�ersi��ed agree tha� this Agreement may be executed in several counterparts, each of'whic.h sl�all b�an original and all of w�uch shall constitute but one and th�same ii�trument. IN �%ITN�5S WH11RE0�`,the undersigned have cal�sed this instnxmei�t to be executed c�n the���c�ay crf __ � r��,� 2015. --�� �';�--� �'I'�NE�SlATTEST: "I'I�e Barbara L. Sowers 1'rust � � .�_� , �--� . � , , � �� �� � �-°�.:7�.�... � �. �,�p,�',. ; �r -' �� -�,f t�..._ __ .=`""_�_ d�,�J�' —�� .�__� __��� � -. � ---�-�_�� By: Barbara L. Sowers, Co-Tnzstee �. � ``_�-�- _ I3y: Stev�n W. Fahnstock,CPA,C�c�=Trustee the Executri�c, any portion ofthe above distribution to which the undersigned is not properly entitled or which shall at any time be necessary to discharge any debt, expense or liability of the Estate, including but not limited to any estate, inheritance,transfer or income tax. It is the intention of the undersigned to be legally bound by this instrument. The undersigned agree that this Agreement may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. IN WITNESS WHEREOF, the undersigned have caused this instrument to be executed on the L3 day of �u� l� , 2015. WITNESS/ATTEST: The Barbara L. Sowers Trust By: Barbara L. Sowers, Co-Trustee . Steven ahnstock, CPA, Co-Trustee CCIMMOI�WEAL'I'H OF PENNSYLVANIA ) 9 } SS: COLihITY OF ���°�;'��;r (�i.nC� ) �,n4'� ` C)n this, the :� day of����'�____.___, 2ti15, be�ore me, 1he t�ndersigned afficer, personally agp�ared F3ARBARA L. SOWERS, knawn to me (saxisfactc�rily praven) ta he the p�rson w17c�se name is 5ubscr.ibed to the withir� instrumei�t, and acknowled�ed tha�t �11e executed the sa�ne far the pur�ses the�-�in ct�t�tained. IN WI"I'NF.SS WHrRI'OI', I hereuntt� setmy han�and c�ffciai seal. � ��� ; 4_�, ��;���.��.l L�_a.F ��_.�,�.-:;�:� '/l�` � Notaty Public My Cc7mmission Expires: �'i�`��'r'�hc� t<� , �cf t�t (SI,AI.,} CCihih1(�^il^JEAI.TH l7F PE�1NSYl.VANIh' t�a;arial 5eat ['3rb3ra L.Tc7me, Nutary Pubiic Cana�Mill[,or�,C��r�berlanc�Coun[y t-ty Camrnission Expires Nov. 12,2017 h,EM3F.F,p[flt:SYlY:st{Ih Ati5tlilATTO"J OP NO7A�'IES COMMONWEALTH OF PENNSYLVANIA ) ) SS: COUNTY OF �v M j��.'�L P,�� ) --�-- On this, the �,3'� day of ��..1 �� , 2015, before me, the undersigned officer, personally appeared STEVEN W. FAHNSTOCK, CPA, known to me (�s � ) to be the person whose name is subscribed to the within instrument, and acknowledged that he executed the same for the purposes therein contained. IN WITNESS WHEREOF, I here nto set my hand an fficial seal. tary Public My Commission Expires: �o� �,`� �,o�� , (SEAL) ���� kQTY`II OII�IER MN�ry►MMe CAM'illll t0�0.�AlIO C'OIN111� Ml►�a�f�iw�EqN�Ner 1�.l�it