Estate of E
consists of
Immovable (4)The estate of the said E now in the hands of the executors consists of the
property and immovable property described in the First Schedule hereunder written and
investments the investments, particulars whereof are described in the Second and Third
Schedules hereunder written respectively.
Parties desire to
distribute assets
left by E
(5)The parties hereto of the first three parts are desirous that the first party
shall receive the immovable property and the second party shall receive the
Testatum investments specified in the Second Schedule hereunder written and that
the third party shall receive the investments specified in the Third Schedule
First party to pay hereunder written as absolute owners.
money
NOW THIS DEED WITNESSETH AS FOLLOWS:
Executors will
assent to the (1)The first party shall pay to each of the second and third parties the sum
vesting of of Rs . ........
Immovable
property in first
party (2) On the making of payment as aforesaid, the executors shall. assent to
the vesting of the immovable property described in the First Schedule
Investments to be hereunder written in the first party as absolute owners.
transferred to
second and third
party
Parties covenant (3)The executors shall transfer the investment specified in Second and
not Third Schedules to the second and third parties respectively and they will
to claim any rights become the absolute owners of the said investments.
under will
Testimonium (4)It is expressely agreed by and between the parties hereto of the first
three parts that they shall not claim any rights under the said will, save as
hereinabove provided and they shall release and indemnify the executor
from and against all actions, proceedings, claims and demands in respect of
the assent and transfers hereinbefore agreed to be made.
IN WITNESS WHEREOF the parties hereto have set and subscribed their
hands to this writing, the day and year first hereinabove written
The First Schedule above referred to
Execution (Description of immovable property)
The Second Schedule above referred to
(Particulars of investments to be transferred to second
party)
The Third Schedule above referred to
(Particulars of investments to be transferred to third party)
(1) That A shall retain possession of items No. 1, 2, 3, 11, 12, 15 and 19 of
the Schedule, as absolute and exclusive owner thereof and the other
parties will have no claim on the said properties of the deceased and
hereby forego the same, if there was any.
(4) That Smt. D shall be delivered proprietary possession of items No. 13,
14, 16, 17, 18 and 20 of the Schedule and she shall be deemed to be the
absolute owner thereof as from the date of these presents. The other parties
Testimonium renounce all claims to the said items No. 13, 14, 16, 17, 18 and 20.
(5) The parties include their respective heirs and successors.
(6) The expenses of and incidental to this deed and also of transfer of the
shares to the respective parties shall come out of the estate of the deceased.
Execution (7)The parties hereby declare that they have obtained independent legal
advice and they are executing this deed with their own free will.
IN WITNESS WHEREOF, the parties hereto have set and subscribed their
hands to this writing, the day and year first
The Schedule above referred to
Particulars of movable and immovable property left by E
WITNESSES
…………..
1 A
......................
2.
Smt. B
…………..
C
…………....
Smt. D
15. DEED OF FAMILY SETTLEMENT BETWEEN THE HEIRS OF A DECEASED
Parties THIS DEED OF FAMILY SETTLEMENT is made at…………..on
this........... day of…………..20………….. between the heirs of A
namely (i) B, widow of A, (it) C son of A, (fit) D daughter of A, (iv) E son
of F, the predeceased second son of A, (v) G widow of the third son of A.
Recitals WHEREAS
Agreement of
parties to settle (3) The parties hereto desire and have agreed that the disputes and
disputes amicably differences between them should be resolved amicably between the parties
and litigation amongst the family members should be avoided.
Testatum
NOW THIS DEED WITNESSETH AS FOLLOWS:
Terms of
settlement (1)In pursuance of the said agreement and in consideration of the premises,
the parties aforementioned have agreed that the estate of the deceased shall
be distributed amongst the heirs of the deceased as under:
1.
2.
3.
4.
5.
Parties obtaining
legal advice (2)The parties hereby declare that they have taken the independent advice
from their respective advocates and they know the true meaning and effect
Testimonium of this deed IN WITNESS WHEREOF, the parties hereto have set and
subscribed their hands to this writing the day and year first hereinabove
written.
..........................
1. A
2.
………………….
B
…………………..
C
..........................
E
…………………
G
Testatum (5) The parties hereto have agreed that Smt. A will release the entire estate
in favour of Shri C and D in consideration of the payment of annuity and
Terms of of the covenants hereinafter contained
settlement
(3) The said Shri A is desirous to sell the said house, as he is working in
and there is nobody to look after the said house, but the said Smt.
Parties to settle C claims to continue in possession of the said house, till her dower debt is
disputes amicably paid and due to which differences and disputes have arisen between the
parties
Widow obtained
independent legal (4) The parties are desirous to settle the disputes and differences amicably
advice on the terms and conditions hereinafter stated
Testatum (5)The said Smt. Chas obtained the independent legal advice from her legal
advisers and her brothers, etc. and after considering and understanding the
Terms of same has given her consent to the settlement.
settlement
NOW THIS DEED WITNESSETH AS FOLLOWS:
Renouncement of (1)In pursuance of the said agreement and in consideration of the premises,
claims by widow the said Smt. C will give vacant possession of the said house to said Shri A
on home upon payment of the sum as hereinafter mentioned.
Testimonium (2) The said Shri A shall pay Rs . …………..to Smt. C as dower debt on or
before………….. and the said Smt. C will renounce all her claims to the
said house and Shri A will retain possession of the said house as absolute
Execution and exclusive owner thereof.
IN WITNESS WHEREOF, the parties have set and subscribed their hands
to this writing the day and year first hereinabove written.
The Schedule above referred to
WITNESSES Signed and delivered by the within named Shri A
1.
2. Signed and delivered by the withinamed Smt. C
Sisters covenant (1)In pursuance of the said agreement and in consideration of the premises,
not to claim any the said Smt. A and Smt. B as beneficial owners hereby assign and release
right, interesting unto Shri C all that their shares and interests in the property described in
the estate of their the Schedule hereunder written to hold the same unto the said Shri C as
late father absolute owner thereof without any encumbrance or charge.
Sisters Includes (2)The said Smt. A and Smt. B hereby agree, undertake and declare that
their heirs none of them will have any right, title or interest in the property described
in the Schedule hereto or any other property which is found later on to be
Costs left by the deceased D and C will hold the said property as absolute owner
1hereof without any encumbrance or ch-arge
Parties obtained
Independent legal
advice (3)The said Smt. A and Smt. B include their respective legal heirs,.
successors and legal representatives.
Testimonium
(4)The cost of the execution and registration of this deed shall be borne by
Execution Shri C.
(5)The said Smt. A and Smt. B have obtained independent advice and they
are fully aware of meaning and effect of this deed
IN WITNESS WHEREOF, the parties have set and subscribed their hands
to this writing the day and year first hereinabove written
The Schedule above referred to
WITNESSES Signed and delivered by the within named Smt A
1.
Testatum (4)The said B has appointed Shri A as executor of the said will for the
purposes therein appearing.
Agreement of
parties to give NOW THIS DEED WITNESSETH AS FOLLOWS
effect to the
unattested will (1)It is agreed between the parties hereto that full effect shall be given to
all the terms of the will of the said B, as though the same was the last will
Parties covenant of the said. B duly executed and attested and probated.
not to make any
claim to the estate
of deceased as (2) The parties hereto shall not make any claim to any part of the estate or
legal heir effects of the said B as being his widow and children otherwise in
accordance with the terms of the will.
Administration of
the will
Parties covenant
to do further (3)The executor shall administer the will and all the parties hereto will
deeds and things assent to the vesting of the property in the executor
necessary
(4) All the parties hereto shall execute and do all such deeds and things as
Testimonium may be necessary or expedient for carrying out the objects of this deed.
Execution
IN WITNESS WHEREOF the parties hereto have signed this deed on the
day and year first hereinabove written.