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Affidavit of Waiver

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AFFIDAVIT OF WAIVER OF FORMAL SETTLEMENT

AOC-851

Rev. 1-05

Page 1 of 1

Doc. Code: WFS

Commonwealth of Kentucky

Court of Justice www.courts.ky.gov

KRS 395.605(2)

KY Seal

Case No.

Court District Probate

County

NOTICE: To be used with AOC-850, Informal Final Settlement: Affidavit, Motion and Order, when there is more than one (1) beneficiary.

IN RE: Estate of

We, the undersigned beneficiaries of the above estate, being under no legal disability unless noted, state under oath that we consent to the Informal Settlement of the estate, hereby waiving requirements of KRS Chapter 395 regarding settlement of fiduciaries' accounts.

Subscribed and sworn to before me by beneficiaries whose names are





on

My commission expires:

NOTICE TO JUDGE: If one or more beneficiaries is under a disability, you may allow the filing of an Informal Settlement if you are of the opinion the best interests of the person under the disability would be served. KRS 395.605(3). You may require Fiduciary to execute bond with or without Surety to insure application of estate assets to debts of Decedent. KRS 395.605(2).

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What an Affidavit of Waiver Is and When it Applies

An Affidavit of Waiver is a sworn statement in which an individual or entity formally relinquishes a specific right, claim, or requirement and records the facts that support that waiver. It combines factual assertions with the declarant's voluntary waiver language, is signed under penalty of perjury, and often requires notarization. Common uses include waiving lien rights, surrendering contractual remedies, or confirming that notice requirements have been satisfied. The document clarifies parties' intentions and creates an evidentiary record for courts, agencies, or counterparties that may later rely on the waiver.

Why an Affidavit of Waiver Matters for Legal Clarity

An affidavit-based waiver creates a sworn, timestamped record that a party knowingly gave up a right; this formality reduces later disputes and strengthens enforceability under state law and general evidentiary rules.

Why an Affidavit of Waiver Matters for Legal Clarity

Who Typically Prepares and Signs This Form

Individuals or organizations use an Affidavit of Waiver when a written, sworn confirmation of waiver is needed to close a matter or complete a transaction.

  • Contracting parties seeking to waive a breach remedy or claim
  • Property owners or contractors resolving lien or release issues
  • Administrators and counsel documenting consent or election

Core Elements Found in a Professional Affidavit of Waiver

A well-drafted affidavit of waiver is concise but complete: it sets out identity, the specific right waived, factual background, voluntary waiver language, signature and date, and any notarization or witness attestations required by law or by the receiving party.

Identity

Full legal name and capacity of the affiant, including business entity details and role when signing on behalf of an organization.

Waiver Description

Clear statement specifying the exact right, claim, or requirement being waived and any limitations on the waiver's scope or duration.

Factual Basis

Concise factual recitation explaining the circumstances that give rise to the waiver and the reason the affiant is executing the document.

Voluntary Language

Affirmation of voluntary and knowing waiver, referencing understanding of consequences and that the waiver is given without coercion.

Signature Block

Signature line, printed name, date, and signatory capacity; when an agent signs, include corporate title and authorization reference.

Notary or Witness

Notarial acknowledgement or witness attestation as required by statute, contract, or receiving entity to validate the affidavit.

Step-by-Step: Fill, Sign, and Finalize an Affidavit of Waiver

Follow these sequential steps to prepare and execute the affidavit correctly, whether you use paper, a remote notary, or an eSignature workflow.

  • 01
    Draft: Complete all fields and attach supporting facts or exhibits.
  • 02
    Review: Confirm identity, signatory capacity, and exact waiver language.
  • 03
    Notarize: Obtain required notary or witness attestation per jurisdiction.
  • 04
    Distribute: Provide the executed affidavit to all relevant parties and retain copies.

How to Configure an Online Affidavit Workflow

Set up document fields, signing order, and authentication to match the affidavit's legal and practical requirements before sending for signature.

Platform Choose an eSignature platform that supports notarization or RON if needed
Field Placement Add name, date, jurat, and notary fields in the proper locations
Signer Order Set signer roles and sequence to prevent premature submission
Authentication Use email+SMS or more robust ID verification when required
Recordkeeping Enable audit trail, download formats, and retention settings

Delivery Options and Technical Requirements

Determine how the affidavit will be delivered and what technical capabilities are needed (e.g., notarization, witness capture, long-term retention).

  • Email Delivery: Standard method; pair with access codes for higher assurance
  • Remote Online Notary: Requires audio-video recording and identity-proofing
  • Secure Portal: Useful for high-volume or sensitive documents

Typical Routing for an Affidavit of Waiver

Affidavits commonly follow a short routing path: prepare, notarize, sign, and distribute. Each step should preserve a verifiable audit trail.

  • Prepare: Populate fields and attach exhibits
  • Authenticate: Verify signer identity per jurisdiction
  • Notarize: Execute jurat with notary or RON session
  • Archive: Store signed copy with audit log

Timing Considerations and Typical Deadlines

Deadlines vary by situation. File or serve any affidavit within the timeframe required by the contract, agency, or court to avoid waiver challenges or procedural dismissal.

Contractual Cutoffs:

Observe contract notice periods and cure windows

Court Filings:

File affidavits by court-ordered deadlines

Agency Requests:

Meet agency submission timelines to preserve entitlements

Statute Limitations:

Consider local statutes of limitations when timing waivers

Notary Scheduling:

Allow time for notary or RON appointment

Common Preparation Errors to Avoid

  • Failing to precisely describe the right being waived, which can lead to disputes about scope and intent.
  • Signing in the wrong capacity (individual vs corporate officer) and lacking documentary authority for agents or representatives.
  • Missing or improper notarization or witness attestations, resulting in rejection by courts or counterparties.
  • Submitting inconsistent names or dates across exhibits, undermining the affidavit's evidentiary value.

Risks and Legal Consequences of an Improper Affidavit

Voidable Waiver: May be set aside
Perjury Exposure: Criminal penalties possible
Contract Disputes: Increased litigation risk
Rejection by Agency: Claim or filing may be denied
Financial Loss: Unintended forfeiture of remedies
Professional Liability: Counsel review recommended

Sample eSignature Vendor Comparison for Executing Affidavits

When choosing an eSignature provider for affidavits, verify notarization support, audit trail fidelity, compliance options, and per-user pricing to match legal requirements.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial Varies Varies Varies Varies
Bulk Send Yes Yes Yes Yes No
HIPAA Compliant Yes Yes Yes No No
Envelope Cap No cap 100 envelopes/user/year Varies Varies Varies

Frequently Asked Questions About Affidavits of Waiver

Answers to common execution and validity questions to help avoid avoidable errors. Consult counsel for jurisdictional or case-specific issues.


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