Q: Is it protocol for all the siblings to have to turn in their notarized letter before you can receive your check?
Estate was finally settled after 7 years. We received a letter stating the sum of what each sibling will get but before we can get check all siblings have to return notarized letter? Is this protocol?
A: Yes. The document is called a Receipt and Release, and basically, you agree to take the amount promised in exchange for waiving all claims.
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A: Yes. A receipt and release acknowledges that you are agreeing to receive certain proceeds from the estate and releasing the estate from further liability. If you do not believe that the proceeds are correct then you should dispute it now. Once you sign and accept the proceeds you will not be able to make further claims against the estate except in limited circumstances.
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