Kenneth Vercammen & Associates, P.C.
2053 Woodbridge Ave.
Edison, NJ 08817
(732) 572-0500
www.njlaws.com

Sunday, May 1, 2022

sample Release and Refunding Bond

 

Release and Refunding Bond 

___

COUNTY SURROGATE COURT

 

IN THE MATTER OF THE ESTATE OF

 

d1

                                            Deceased.

____________________________

 

KNOW ALL MEN BY THESE PRESENTS, That I, b1

residing at  ______ 

                                        herein designated as the Obligor, am hereby held and firmly bound unto  ___  Executor herein designated as the Obligee,

in the sum of $ ____

 

       lawful money of the United States of America, to be paid to the Obligee or to Obligee's certain Attorney, successors in office or assigns, for which payment well and truly to be made I bind myself, my heirs, executors and administrators firmly by these presents.  Sealed with my seal and dated the _____________    day of    ____________________________

 

      The Condition of the above Obligation is such, that whereas the Obligor has received from the Obligee the sum of $__________  representing the net proceeds of the estate of d1as my bequest under the Last Will and Testament of d1.

 

      And in Consideration Therefore, the Obligor has remised, released and forever discharged and by these presents does remise, release and forever discharge the Obligee, the Estate, Executor, Attorneys and Accountants for the Estate and other Agents of the Estate from all claims and demands whatsoever, in law or in equity, on account of or in respect to the estate of the said deceased and of Obligor's interest herein.

 

      Now Therefore, if the Obligor be a devisee, then and in that case if any part or the whole of such devise shall at any time hereafter appear to be wanting to discharge any debt or debts, devise or devises, which the said executor or administrator may not have other assets to pay, the Obligor will return said devise or such part thereof as may be necessary for the payment of the said debts or for the payment of a proportional part of the said devises; or

 

      If the Obligor be a distributee, then and in that case if any debt or debts, truly owing by the intestate, shall be afterwards sued for and recovered or otherwise duly made to appear, and which there shall be no other assets to pay, Obligor shall refund and pay back to the administrator, the Obligor's ratable part of such debt or debts, out of the part and share so 

 to the Obligor.

 

      Then the above obligation to be void, or else to be and remain in full force and virtue.

 

      The words "debt or debts" wherever used herein shall be deemed to include all taxes imposed upon or chargeable to the estate or owed by the deceased, including but not limited to Federal, __ or State or Sovereignty transfer inheritance, estate, death, transfer and income taxes, together with interest, penalties, costs, expenses and counsel fees, if any.

 

      If more than one person executes the within instrument, then words used in the singular shall be considered plural, and wherever herein any particular gender is used, it shall be inclusive of the masculine, feminine and neuter gender, where the text so requires.

      Pursuant to the NJ Civil Award Withholding Bill, L.1995, c. 334, I am submitting this certification that the above matter has been resolved and that I am entitled to receive money.

      a. Full name:                          b1

      b. Address:                            __________________________________

      c. Social Security number:  _______________________________

      d. Date of Birth:                     __________________________________

      

        Pursuant to the statute Public Law 1995, c334,  I certify that I do not have to pay child support.

     I hereby certify that the foregoing statements are true and I am aware that if any of the foregoing statements made by me are willfully false, I am subject to punishment.

__________________________________LS    b1

Signed, Sealed and Delivered    

in the presence of

 

_______________________________                        

 

State of ___________________, County of   _________________  SS:  Be it Remembered, that on

 

_______________  before me, the subscriber, 

personally appeared  b1  who, I am satisfied,  is  the person  named in and who executed the within Instrument, and there upon  acknowledged that  b1 signed,  sealed and delivered the same as their act and deed, for the uses and purposes therein expressed.

                  

     _________________________________________

      NOTARY  SEAL  or ATTORNEY              

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