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HomeMy WebLinkAbout08-01-06 (2) 21-os.~ ~~ F AMIL Y SETTLEMENT AGREEMENT AND FINAL RELEASE IN THE ESTATE OF RUTH S. RITTER KNOW ALL MEN BY THESE PRESENTS, that, WHEREAS, Ruth S. Ritter, late of f"'......j " Cumberland County, Pennsylvania, died testate on September 28,2005, having first ll1flde herJast ::::J r-r! C~) ;',~ ;"~J ;'1 C,:J will and testament duly executed on October 30, 1998; WHEREAS, the said Ruth S. Ritter, by the aforesaid last will and testament, named N~ncy ~ ) D. Benoist, James R. Ritter and David A. Ritter, Executrix and Co-Executors of said last will;::: WHEREAS, letters testamentary on the estate of the said decedent were duly issued b0he Register of Wills of Cumberland County, Pennsylvania, to the said Executrix and Co-Executors, Nancy D. Benoist, James R. Ritter and David A. Ritter, hereinafter collectively called personal representatives. WHEREAS, the personal representatives have gathered the assets of the estate of said decedent and the assets consist of personal and real property, to a total value of $56,861.00 as set forth in Exhibit "A", which is a statement of account of the said personal representative, and which is attached hereto and made a part hereof by reference; WHEREAS, the debts and deductions, including the payment of inheritance tax in the said estate, amount to $6,025.00, as further referenced in Exhibit "A"; WHEREAS, a balance for distribution of$50,836.00 exists, as further referenced on Exhibit iO"A"; WHEREAS, the balance for distribution as shown in the said statement marked Exhibit "A" has been reduced to cash and is available for distribution in accordance with the terms of the last will and testament of the said decedent. NOW, THEREFORE, KNOW YE, that we, being all ofthe named beneficiaries of the will of said decedent, do hereby each of us, acknowledge that we have this day had and received from the aforesaid personal representative, in full satisfaction and payment of all sum or sums of money, legacies, bequests, and devised as are given, devised and bequeathed to each of us respectively by the said will of Ruth S. Ritter in the amounts due us under said will, which amounts we have received this day, and which amounts are in the amount se opposite our respective names in the table and schedule of distribution in said statement attached hereto and marked Exhibit "A". v- II AND, each of us does hereby stipulate that in order to avoid the expense and time involved in the filing of a formal account and schedule of distribution, we each agree that no account is necessary and we do hereby agree that we do consent to distribution being made without the filing of an account and schedule of distribution, the same to be with the same force and effect as if they had been filed and confirmed by the Orphans' Court Division of the Court of Cumberland County. THEREFORE, we and each of us, do hereby remise, release, quitclaim and forever discharge said personal representatives, heirs, executors, and administrators and assigns of and from the said estate and from all actions, suits, payments, accounts, reckonings, claims and demands whatsoever for or by reason thereof, or for any other use, matter, cause or thing whatsoever, touching upon the estate of the said decedent, and each of us do further hereby covenant and agree with each other and the aforesaid personal representatives, that we will contribute pro-rata, our share of the estate to satisfy any and all claims, demands, suits, or causes of action which may be successfully prosecuted against the said estate or aforesaid personal representatives after the signing, sealing and delivery of this family settlement agreement and final release. IN WITNESS WHEREOF, and intending to be legally bound hereby, we have hereunto set our hands and seals on the dates below indicated. II I WITNESS: ~~~ ~ -~ ~~--~--~ ~1(~ ~. ~d (f Nancy D. Benoist STATE OF COUNTY OF SS. AND NOW, this \ t) 0 day of jlAlv6 ' 2006, before me, the undersigned officer, personally appeared Nancy D. Benoist, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that she executed same for the purposes therein contained. I I IN WITNESS WHEREOF, I hereunto set my hand and official seal. \laAL~ JV\~~/tt (~ Notary Public COMMONWEALTH OF PENNSYLVANIA Notarial Seal Kathy M Trutt Notar;/ Public Mifflinburg Bora, Union County My CommiSSion Expires Nov. 22, 2008 -~---~ ,,-~-~- ----.~--~~-_.~ II WITNESS: L?~jfJ tt:2---. /'" if Q01f(h (2- NC-- ~ -{J James R. Ritter COMMONWEALTH OF PENNSYLVANIA COUNTY OF ~u.(lil !xYltlfld SS. Aj~D NOW, this 20 dayof.J unL , 2006, before me, the undersigned officer, personally appeared James R. Ritter, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that he executed same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. COMMONWEALTH OF PENNSYLVANIA Notarial Seal Amy WiUiamson, Notary Public Camp Hill Bore, Cumberland County My Commission Expires Apr. 7, 2009 Member, Pennsylvania Association of Notaries Ornu- !J~fliYWf'r o Notary Public II WITNESS: ~~~~ bwJ4rV David A. Ritter COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND SS. l.th u,la.' Ole AND NO\V, this lei , JUL.,! , 2006, btfore me, the undersigned officer, personally appeared David A. Ritter, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that he executed same for the purposes therein contained. 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