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HomeMy WebLinkAbout09-25-15 ��C13i2D�0 011-►=1�� OF `?t IN RE: ESTATE OF 0 ELSIE H. WOODWARD, No. 21-14-812g. DECEASED FAMILY SETTLEMENT AGREEMENT OF THE ELSIE H. WOODWARD ESTATE THIS AGREEMENT, is made this "! day of �ebfem,l�� , 2015,based upon the family circumstances outlined,is entered into with the Executrix by each beneficiary,from the date of formalization of her separate Consent: 1. ELSIE H. WOODWARD died Testate on November 19, 2013. 2. Decedent's Will dated July 6, 1988, designated her husband, H. Vance Woodward, as Executor. 3. H. Vance Woodward passed on April 18, 2003. 4. Decedent's Will dated July 6, 1988, appointed her son, V. Eugene Woodward, as subsequent Executor. 5. Defendant's Will dated July 6, 1988,bequeathed her entire estate to her husband,H. Vance Woodward. 6. Defendant's Will dated July 6, 1988, provided for, in the event her husband predeceased her,her entire estate would be divided between her three(3)children,V. EUGENE WOODWARD, DEBORAH W. RHOADS, and SUE A. SHEETS, as beneficiaries. 7. The beneficiaries desire to forever settle and compromise any and all claims and rights which they may possess, now or hereafter, in the Estate and to confirm their acceptance of the distribution in satisfaction of the bequest contained in the decedent's Last Will and Testament. 8. The beneficiaries wish to release the Executor and to indemnify him against any and all claims that may be asserted against the Estate with the Executor after the date hereof. NOW,THEREFORE, in consideration of the foregoing and intending to be legally bound hereby, jointly and severally, the beneficiaries do, for themselves, their heirs, personal representatives, successors and assigns, agree as follows: A. Represent and warrant that they have read and they understand this Agreement and confirm that the facts set forth above are true and correct, to the best of their knowledge, information and belief. B. Declare that they have sufficient information to make an informed waiver of their right to a formal accounting and without going through the estate process in order to save probate fees C. Release,remise, quitclaim and forever discharge the Executors,their heirs,personal representatives, successors and assigns, from and against all claims that you, as residuary beneficiaries of the Estate, had, now have, or may in the future have in connection with the Estate. D. If residuary beneficiaries agree to refund, on demand, all or any part of their proportionate share of any aforesaid distribution, which has been determined by the Executors, or by the Court, or by any court of competent jurisdiction, to have been improperly made. E Agree to indemnify and hold harmless the Executors, their heirs, personal representatives, successors and assigns, from and against any and all claims, loss, liability or damage (whether or not related to the negligence of the Executors) that may hereafter be asserted against the Estate or against the Executors. F. Agree to execute such additional documents as may be necessary to effectuate the agreements set forth herein. G. Acknowledge that this Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania. H. Consent to the Court exercising personal jurisdiction over them in any suit or action arising out of the enforcement of this Agreement. I. The following undersigned beneficiaries of the Last Will and Testament of ELSIE H. WOODWARD, deceased, hereby consents to the Settlement Agreement and acknowledges that they are about to receive from the Executor of the Estate of the decedent, a final distribution of the bequest to us under the Last Will and Testament of the decedent in the amount of$2,767.96. IN WITNESS WHEREOF,the Executor and the beneficiaries have set their hands and seals to be effective as of the date first above written. W2JA/(zJ",.,0 S: V. EUG E WOODWARD,Executor '2-L' CSCLQ it-LQcn�- DEBORAH K. RH ADS 5 SUE A. SHEETS liability or damage (whether or not related to the negligence of the Executors) that may hereafter be asserted against the Estate or against the Executors. F. Agree to execute such additional documents as may be necessary to effectuate the agreements set forth herein. G. Acknowledge that this Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania. H. Consent to the Court exercising personal jurisdiction over them in any suit or action arising out of the enforcement of this Agreement. I. The following undersigned beneficiaries of the Last Will and Testament of ELSIE H. WOODWARD, deceased, hereby consents to the Settlement Agreement and acknowledges that they are about to receive from the Executor of the Estate of the decedent, a final distribution of the bequest to us under the Last Will and Testament of the decedent in the amount of$2,767.96. IN WITNESS WHEREOF,the Executor and the beneficiaries have set their hands and seals to be effective as of the date first above written. WITNESS: V. EUGENE WOODWARD,Executor DEBORAH K. R#QADS SUE A. SHE S