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Deed of family settlement for division of properties left by a deceased between son and daughters where son pays money to daughters



    What is Deed of family settlement for division of properties left by a deceased between son and daughters where son pays money to daughters?

    Some families may want to settle property-related disputes out of court. To this effect, they may go in for a family settlement agreement which needs to be signed by all the members acknowledging that this agreement wasn’t made through fraudulent means, force and coercion from any family member. Not just property or immovable assets, shares, claims, family feuds, are also areas where a family settlement agreement is useful.

    Why is Deed of family settlement for division of properties left by a deceased between son and daughters where son pays money to daughters required?

    While distribution of property among coparceners in family property, dispute may arise. When such an issue arises, the parties can either file a case to ask for the help of the court to resolve the dispute or can resolve the same amicably. After the dispute related to family property has been resolved amicably the same has to be put in writing to make it binding on the parties by way of deed of settlement.

    What should a Deed of family settlement for division of properties left by a deceased between son and daughters where son pays money to daughters cover?

    The agreement must mention names of all the family members whose decision matters in this regard, details of ownership of the property and the specific terms of the distribution of the said property. It is recommended that you include all the details of the property with house number, area and even a site map of the property must be annexed with the deed.

    Documents Required for Deed of family settlement for division of properties left by a deceased between son and daughters where son pays money to daughters

    There are no specific documents required for the drafting and execution of a deed of settlement. However, ID proofs of the parties in order to confirm the names and permanent addresses of the parties should be scrutinised. Documents evidencing clear title of the property in question should also be examined.

    Procedure for Deed of family settlement for division of properties left by a deceased between son and daughters where son pays money to daughters

    There's no fixed format of a settlement deed. After a lawyer drafts it, both parties need to thoroughly read it. Any necessary adjustments should be made, and once it’s final, both parties and required witnesses sign it. The deed becomes legally binding when printed on judicial stamp paper or e-stamp paper and signed by all parties. The value of the stamp paper varies by State. Each party should then retain a signed copy of the Agreement.

    How can a lawyer help to draft Deed of family settlement for division of properties left by a deceased between son and daughters where son pays money to daughters?

    One of the first and the most important steps that you must undertake is to hire a good documentation lawyer as he/she is aware of the nitty-gritty of the legal procedures and necessary requirements involved in drafting of agreements. A lawyer would draft an agreement, better than you can yourself, for obvious reasons. A lawyer has the necessary legal knowledge and experience to handle and draft such documents. He/She will be able to guide you and draft for you according to your particular situation - the facts, circumstances and needs involved. A documentation lawyer is aware of good drafting technique and the clauses that must be included in your agreement. Hiring a good lawyer in order to draft such important legal documents is a prerequisite and will help you in more ways than one. He/She can also help with proper stamping and registration of the deed.

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