Extra judicial Settlement of Estate
I. Preamble
This Extrajudicial Settlement of Estate document is prepared to facilitate the amicable distribution and settlement of the estate belonging to the deceased, [DECEASED'S FULL NAME], pursuant to the laws governing estates without the need for judicial intervention. This document is mutually agreed upon by all the heirs stated herein.
II. Declaration of Heirs
The following individuals are hereby declared as the legitimate heirs of [DECEASED'S FULL NAME]:
[HEIR 1 FULL NAME], relationship: [RELATIONSHIP TO DECEASED]
[HEIR 2 FULL NAME], relationship: [RELATIONSHIP TO DECEASED]
[HEIR 3 FULL NAME], relationship: [RELATIONSHIP TO DECEASED]
III. Details of the Estate
The estate of [DECEASED'S FULL NAME] consists of the following assets:
Real Property: Located at [PROPERTY ADDRESS], legally described as [LEGAL DESCRIPTION OF PROPERTY].
Bank Accounts: Total sum of [AMOUNT] across accounts at [BANK NAME(S)].
Personal Property: Including but not limited to vehicles, jewelry, and furniture.
IV. Terms of Settlement
The undersigned heirs hereby agree to the following distribution terms:
[HEIR 1 FULL NAME] shall receive:
[HEIR 2 FULL NAME] shall receive:
[HEIR 3 FULL NAME] shall receive:
V. Documentation and Execution
All parties agreed to cooperate fully in the transfer of titles, execution of documents, and other necessary acts to effectuate the agreed-upon distribution. The following documents will be processed:
Transfer of Titles to Properties
Distribution of Funds from Bank Accounts
Transfer of Ownership of Personal Properties
VI. Dispute Resolution
In the event of any disputes arising from the interpretation of this settlement, the parties agree to pursue amicable settlement through mediation before resorting to legal proceedings.
VII. Final Provisions
This agreement is binding upon the signatories, their successors, and assigns. It is executed in multiple counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
VIII. Signatures
All aforementioned parties have agreed to the terms contained within this document and have executed this agreement as of the [DATE].
[HEIR 1 FULL NAME] | [HEIR 2 FULL NAME] | [HEIR 3 FULL NAME] |
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Date: [DATE] | Date: [DATE] | Date: [DATE] |
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