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HomeMy WebLinkAbout09-02-15 (4) . a ;�> ��� ''� IN RC: : IN THE COURT OF COMMON PL�'A�OF �'�' ;Ti cr`�'-, ESTATE OF JOSEPH A. TURRI, : CUMBERLAND COLTNTY, PENN�'�ANI�� ='' C; Deceased : ORPHANS' COURT DIVISION � -:: '�' ��'� ;-�; . NO. ; � _, : N �._ ,... t _3 `-i _ �� REC�IPT, RELEASE AND REFUNDING AGREEMENT rv �-- r�� �;-- N `;? O � �1 The undersigned, JOSEPH A. TURRI, JR. and THE LUZERNE FOLTNDATION, Trustees of the Charitable Remainder Unitrust Under the Will of Joseph A. Turri for the Benefit of Joseph A. Turri, Jr. (hereinafter referred to as the "Trustees") created under ITEMs 3(b) and 6 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, EYecun-i�: of said Will (hereinafter referred to as the "Executrix"), 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 death, on account of full satisfaction of the bequest contained in ITEM 6 of said Will. IN CONSIDERATION of said distribLltion, the undersigned Trustees do hereby release, reinise, qllit claini and forever discharge the Executrix, her agents, heirs, personal represer.tatives, succPssors and assigns, of and from all actions, suits, payinents, accounts, reckonings, claims and demands whatsoever for or by reason of the bequest under ITEM 3(b) of the Will. AND the undersigned as Tnistees on behalf of the Trust but not individually, do hereby agree to indeinnify and save harnlless the said Executrix,'to the extent of said distribLrtion, against any and all loss, dainaQe, costs, verdicts,judgments, awards and e�penses �vhich s�id Executri� may sllffer, incur, be put to, pay or lay out by reason of having made distribution of said bequest to the 990i?I.1 undersigned, and the undersigned agree to refund to the Executrix upon receipt of such a request from the Executrix, any portion of the 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 e�ecuted in several counterparts, each of which shall be �n 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 =�day of � , 2015. f WITNESS/ATTEST: Charitable Reinainder Unitrust u/w of Joseph A. Turri f/b/o Joseph A. Turri, Jr. -- ,,,- _ ✓v�. � �v� G.e;1'�'-�CL 7�"" By: Joseph A. Turri, Jr., Co-Trustee THE I,i17.ERNE FOt1NDATION, Co-Trustee By: Title: undersigned, and the undersigned agree to refiind to the Executrix upon receipt of such a request from the Executrix, any portion of the 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, incltiding 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 cotmterparts, each of which shall be an original and all of which shall constitute but one and the saine instrument. IN WITNESS WHEREOF, the undersigned have caused this instrument to be executed on the �_day of %�.�`�u�S�=- , 2015. WITNESS/ATTEST: Charitable Remainder Unitrust u/w of Joseph A. Turri f/b/o Joseph A. Turri, Jr. By: Joseph A. Turri, Jr., Co-Trustee THF, LU7,ERNE F IJNDATI N, Co-Trustee ,� By: itle: � ����� , �� COMMONWF.,ALTH OF PENNSYLVANIA ) / p ) SS: COLINTY OF ���rn b�(�ct ti�( ) On this, the ,�`�day of c�c.y� , 2015, before me, the undersigned ofticer, � personally appeared JOSEPH A. TURRI, JR., known to me (satisfactorily proven) to be the person whose na�ne is subscribed to the within instrument, and acknowledged that he executed the same for the ptuposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. � 2v�� � Notary P �� ic My Commission Eapires: D�/zS/��9 (SEAL) COMMONWEALTM OF PENH3YLVANIA NOTARIAI SEAL MALLIGADEVI DO1flE►�Y Publit Mechanksburs 6oro..Cumbertarb C0. My Commission E�1res N1�rch 2S�2019 , ' . COMMONWEALTH OF PENNSYLVANIA ) ) SS: COUNTY OF �,(����(C ) On this, the �q�' day of ,�U(��) S 1 , 2015, before me, the undersigned officer, personally appeared C1�21.tS tY� �/YLt'3�:Q,who acknowledged [himself%herself] to be the �12.eSl�k�/ cr`� of THE LUZERNE FOUNDATION, a corporation, and that [he/she] as such officer, being authorized to do so, eYecuted the foregoing Agreement of Trust for the purposes therein contained by signing the name of the corporation by [himself/herselfJ as such officer. IN WITNESS WHEREOF, I hereunto set my hand and official seal. ��il d Y�C,G�.� Notary ublic My Commission EYpires: ,�}U���� �p . :;�C'i�� C LTH OF PE��yANIA NOTARIAL SEAL JOHN P.LOHMAN,Notary Publit luxeme Boro.�Luzerne County My Comml�ton Exptres,4u�ust 10,2019