Estate executors, when you distribute property to the beneficiaries as set out in the Will of the deceased, have each of them sign this Receipt and Release form.
In signing the Receipt and Release form, the beneficiary:
- acknowledges receipt of the property,
- releases the executor from any liability in connection with the beneficiary's interest in the estate, and
- indemnifies the executor against any claims with respect to the distribution.
Make sure the estate paperwork is complete. Download the Receipt and Release by Distributee template and complete it each time you make a distribution of estate assets to a beneficiary.