Fill and Sign the Representative Heirs Form

Release and Indemnification of Personal Representative by Heirs and Devisees Agreement made __________________ (date) , between __________________ ( John Doe), of _____________________________________________ (street address, city, county, state, zip code) , __________________ ( Mary Smith), of _____________________________________________ (street address, city, county, state, zip code) , and __________________ ( William Smith), of _____________________________________________ (street address, city, county, state, zip code) , being all the heirs and devisees of __________________ (Name of Decedent) , deceased, hereinafter called the Decedent. For and in consideration of the mutual covenants contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned heirs and devisees agree as follows: 1. On __________________ (date) , __________________ (Name of Personal Representative) was appointed personal representative of the Decedent, by ________________________ (name of court) , to serve without bond. 2. The assets of the Estate of the Decedent are set forth in the Schedule of Assets attached to this instrument as Exhibit A and made a part hereof. 3. All claims against the Decedent or _______ (his/her) Estate have been paid and settled, and, to the best of our knowledge and belief, there is no outstanding claim against the Decedent or _______ (his/her) Estate. 4. The Estate of the Decedent is ready to be distributed to us and further administration would serve no useful purpose. 5. We agree that the personal representative should promptly distribute the remaining property of the Estate as shown on the attached schedule of assets to us in the following manner: _______________________________________________________________ _______________________________________________________________ _______________________________________________________________ (description of proposed distribution of property) . 6. We severally accept the property distributed to us in full payment and satisfaction of our interest in the Estate, and release the personal representative and the Estate from all liability in connection with our interest in the Estate. We further release the personal representative from all liability that may arise by reason of the personal representative's failure to further administer the Decedent's Estate, including the publication of notice to creditors, the filing of an inventory, the filing of a final accounting, and obtaining a closing decree authorizing the distribution of the assets of the Estate. 7. If subsequent to the distribution of the assets of the Estate, a valid claim shall be asserted against the personal representative or any of us by any creditor of the Estate, taxing authority, or proper heir or devisee not a party to this Agreement, then we agree to participate in the payment of the claim in the proportion that the value of the assets distributed to us pursuant to this Agreement bears to the total value of the assets distributed. Each of us agrees to indemnify the personal representative or any of us required to pay the claim, provided that the right of indemnification shall extend only to the proportionate obligation of each of us. Witness our signatures this __________________ (date). ________________ _________________ _________________ __________________ __________________ __________________ (JOHN DOE) (MARY SMITH) (WILLIAM SMITH) (Schedule of assets)