Compromise of Creditors Claim Against Estate

Compromise of Creditor's Claim against Estate by Payment of Cash and Conveying of Real Property

Release and Settlement Agreement

This Release and Settlement Agreement is made on the between of , hereinafter referred to herein as Claimant, and of , as Administrator of the Estate of , deceased, hereinafter referred to herein as Administrator.

Whereas, died intestate on , and proceedings to administer the Decedent's Estate appear of record in of , and Administrator has duly qualified as Administrator of the Estate of , deceased; and

Whereas, Claimant made a claim against the Estate of , deceased, for services rendered during the Decedent's lifetime; and

Whereas, Claimant's claim has been duly presented to the Administrator for his approval; and

Whereas, it is the desire of Claimant and the Administrator of the Estate of , deceased, to compromise the claim; and it is the further desire of the parties to settle finally and completely all equities existing between the Estate of , deceased, and Claimant so that the Estate will be fully and completely released of all claims which Claimant now has or may have against it in the future; and

Whereas, this Agreement comprises the entire understanding of the parties as to the settlement of outstanding claims against the Estate of , deceased; and

Whereas, the Administrator, acting in his capacity as Administrator of the Estate of , deceased, delivered to Claimant in cash, and in addition delivered a Deed to the following described property (the Property):

(description of property)

Whereas, this Agreement has been approved by the on , and a copy of the Decree approving this Settlement Agreement is attached hereto as Exhibit A and made a part hereof by reference.

Now, therefore, for and in consideration of the payment of said sum and the deeding of said Property and the mutual covenants contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

1. Claimant acknowledges receipt of the payment of in cash, and further acknowledges receipt of the Deed to the described Property, and in consideration of the same Claimant now completely, fully and finally releases and discharges Administrator and the Estate of , deceased, from all claims which Claimant may now have or may later have arising out of or connected with any services or property which Claimant rendered or furnished to , deceased, during Decedent's lifetime.

2. Claimant further completely, fully and finally releases and discharges Administrator and the Estate of from any titles, interests, claims, rights or causes of action that Claimant might now or later have against Administrator and/or the Estate whether it be land, money, securities, accounts receivable, or notes receivable, and Claimant agrees to execute any further instruments that may later be required to evidence the fact that the payment is in full settlement of any claims that Claimant might have against the Administrator and/or Estate and that this is a full release of the Estate of Administrator and/or , deceased, and any beneficiaries under the Will of , deceased.

3. It is agreed that Claimant rendered services to during Decedent's lifetime and to the Estate of since Decedent's death, that Claimant has presented to the Administrator a claim for these services and that the parties have reached an Agreement and compromised as to the payment of the claim.

4. This Release and Agreement is evidence of the fact that Claimant has fully considered the Settlement Agreement and is satisfied with it, that Claimant fully understands that this is in full, complete and final settlement of any and all claims of every kind and character which Claimant had against Administrator and/or Decedent or now has or in the future may have against the Administrator and/or Estate.

Witness our signatures this .

Estate of

(Acknowledgment form may vary by state)

State of

County of

Personally appeared before me, the undersigned authority in and for the said county and state, on this day of , 20 , within my jurisdiction, the within named, , as Administrator of the Estate of , who acknowledged that he executed the above and foregoing instrument for and on behalf of said Estate and as his act and deed as Administrator.

_____________________

NOTARY PUBLIC

My Commission expires:

State

County of

Personally appeared before me, the undersigned authority in and for the said county and state, on this day of , 20 , within my jurisdiction, the within named, , who acknowledged that he executed the above and foregoing instrument.

_____________________

NOTARY PUBLIC

My Commission expires: