Should I sign the Executor’s release?
Posted on Fri Feb 5, 2016, on Probate and Estate Administration
From Our “Ask a Question” Mailbag: Signing a Bucks County Executor Release
Most Recently Updated August 8, 2018.
“The attorney handling my uncle’s Bucks County estate mailed me a release form. There are no details about how much he spent or other expenses. If I sign this, do I waive all my rights?”
Signing a Bucks County Executor Release
Understand What You Are Signing.
Universal advice; never sign something you don’t fully understand. It appears that the executor is not helpful. The document you have might be a standard part of the probate, or it might be something else. When you don’t understand the paper, it is wise to spend a little money securing a Probate Attorney‘s advice.
Receipt, Release, Refunding, and Indemnification Agreement
You might be holding a Receipt, Release, Refunding and Indemnification Agreement. These agreements are a probate tool that allows the executor to distribute estate funds to a beneficiary with the promise from the recipient to return the money if it erroneously distributed. While this document is a regular part of the Probate Process, it could include more. The same form can contain language that, if you sign, means that you agree to take the funds without an accounting and waive your rights to ask future questions.
Executor’s Release of Liability.
At the end of each estate, the executor should receive a full liability release. But, logically, this should only be given when the beneficiary understands what the executor has done. Further, the recipient should also understand what he or she is receiving.
More Probate Questions?
Signing a Bucks County Executor Release is only part of the overall probate process. By all means, if you wish to learn more, please read my more detailed article, The Probate Process All You Need to Know.
In Conclusion: Signing a Bucks County Executor Release
I hope that this article was helpful in explaining signing a Bucks County Executor Release. Further, I included links to even more detailed information on my website. Therefore, please contact me and let me know how I did. Certainly, your comments and questions are welcome!
Let our Probate Lawyers help walk you through what can be a confusing process. To begin with, call to speak to one of our experienced Probate Attorneys. By all means, our lawyers are ready to answer your questions. In fact, feel free to contact our office for a free consultation. Ultimately our goal is to make the process as painless as possible!
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Tags:Amy Besser, Beneficiary, Bucks County, Executor, Pennsylvania, Probate, Probate Attorney, Probate Lawyer