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Family Arrangement Deed

Document Cited in Related
Vincent
Updated atMarch 2010

THIS DEED is made at........... on this......... day of........... 20........ between Smt ____w/o shri ____r/o..................................... hereinafter referred to as "__" of the FIRST PART, and___ s/o shri.............................. r/o............................ hereinafter referred to as "____" of the SECOND PART and__ s/o shri.............................. r/o........................... hereinafter referred to as "___" of the THIRD PART.

WHEREAS

___is in possession of the property fully described in Schedule hereunder written (hereinafter referred to as the said property) and the said____ mortgaged the said property on.......... in favour of........................... to secure the payment of the sum of Rs........... (Rupees.................................) with interest @..........% p.a.

The said_____ died intestate on.................. at............ leaving him surviving his wife and two sons, the parties hereto are entitled to equal shares in his estate.

The District Court of......... granted Letters of Administration to the estate of the intestate on......... to Smt.___ and Shri ___.

The said Shri__ and Shri___ have duly paid and discharged all funeral and administration expenses and all debts, except mortgage debt, which have come to their knowledge.

The parties hereto have agreed that Smt.___ will release the entire estate in favour of Shri____ and___ in consideration of the payment of annuity and of the covenants hereinafter contained.

NOW THIS DEED WITNESSETH AS FOLLOWS:

In consideration of the annuity hereinafter granted to Smt._____ and of the covenants hereinafter contained, the said Smt.___ as beneficial owner, hereby assigns and releases unto the said Shri___ and Shri___ all...

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