Deed Of Extrajudicial Settlement Of Estate
This Deed of Extrajudicial Settlement of Estate is made and entered into this [Date], by and among the heirs of the deceased [Name of Deceased], namely:
[Names of Heirs 1]
[Names of Heirs 2]
[Names of Heirs 3]
WHEREAS, the above-named deceased died intestate on [Date of Death], leaving no last will;
WHEREAS, the said deceased left certain properties and assets, both movable and immovable, situated within [Location];
WHEREAS, the undersigned heirs are the only legal heirs of the deceased and are entitled to the estate left by the deceased in equal shares;
NOW, THEREFORE, for and in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned heirs do hereby agree as follows:
I. Identification of Estate:
The estate left by the deceased consists of the following properties and assets:
[Description of Property 1]
[Description of Property 2]
[Description of Property 3]
II. Distribution of Estate:
The undersigned heirs hereby agree to distribute the estate of the deceased among themselves in equal shares, with each heir receiving an equal portion of the estate.
III. Transfer of Ownership:
Each heir shall execute and deliver all documents necessary to effectuate the transfer of ownership of the properties and assets allotted to them.
IV. Payment of Debts and Taxes:
Each heir shall be responsible for the payment of any outstanding debts and taxes owed by the deceased, to the extent of the value of the property or assets received by them.
V. Release and Indemnity:
Each heir hereby releases and forever discharges the other heirs from any claims, demands, actions, and causes of action arising out of or in connection with the estate of the deceased.
VI. Governing Law:
This Deed of Extrajudicial Settlement of Estate shall be governed by and construed under the laws of [Jurisdiction].
VII. Execution
IN WITNESS WHEREOF, the undersigned heirs have executed this Deed of Extrajudicial Settlement of Estate as of the day and year first above written.
[Name of Heirs 1]
[Date]
[Name of Heirs 2]
[Date]
[Name of Heirs 3]
[Date]
VIII. Witnesses
This Deed of Exchange is witnessed and signed on the day and the year first above written.
[WITNESS 1 NAME]
[WITNESS 2 NAME]
IX. Acknowledgment
STATE OF [STATE]
COUNTY OF [COUNTY]
On this [DATE], before me, a Notary Public in and for said County and State, personally appeared [Name of Heirs 1],[Name of Heirs 2] and [Name of Heirs 3], known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Witness my hand and official seal.
[NOTARY PUBLIC NAME]
My Commission Expires: [EXPIRATION DATE]
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