Fulton, NY asked in Estate Planning for New York

Q: I understand that it is a receipt and release acknowledgement but why do we have to wait for all siblings to sign?

Another Question from estate finally being settled after 7 years. Just wondering why we can’t receive our check if we agree to the amount? Why do we need to wait for siblings to sign?

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1 Lawyer Answer
Michael David Siegel
Michael David Siegel
Answered
  • New York, NY
  • Licensed in New York

A: Because if one of them has a claim and refuses to waive it, and then the claim is valid, there would need to be an adjustment of the amount paid to everyone.

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