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    Deed of Compromise Between Legatees and Heirs

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    Karan Thakkar
    This document is a deed of compromise between the legatees and heirs of a deceased person. It summarizes that the deceased left a will leaving all properties and assets to the legatees, but the heirs disputed the will claiming the deceased was not of sound mind. The deed establishes that the legatees and heirs agree to settle their disputes amicably. The legatees will apply for probate of the will without objection from the heirs. In return, the legatees will transfer half the deceased's properties to the heirs after probate is granted. Both parties agree not to claim rights under alleged codicils or portions of the will contrary to the agreement.

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    Deed of Compromise Between Legatees and Heirs

    Uploaded by

    Karan Thakkar
    32 views2 pages
    This document is a deed of compromise between the legatees and heirs of a deceased person. It summarizes that the deceased left a will leaving all properties and assets to the legatees, but the heirs disputed the will claiming the deceased was not of sound mind. The deed establishes that the legatees and heirs agree to settle their disputes amicably. The legatees will apply for probate of the will without objection from the heirs. In return, the legatees will transfer half the deceased's properties to the heirs after probate is granted. Both parties agree not to claim rights under alleged codicils or portions of the will contrary to the agreement.

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    This document is a deed of compromise between the legatees and heirs of a deceased person. It summarizes that the deceased left a will leaving all properties and assets to the legatees, but the heirs disputed the will claiming the deceased was not of sound mind. The deed establishes that the legatees and heirs agree to settle their disputes amicably. The legatees will apply for probate of the will without objection from the heirs. In return, the legatees will transfer half the deceased's properties to the heirs after probate is granted. Both parties agree not to claim rights under alleged codicils or portions of the will contrary to the agreement.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
    Download as rtf, pdf, or txt
    32 views2 pages

    Deed of Compromise Between Legatees and Heirs

    Uploaded by

    Karan Thakkar
    This document is a deed of compromise between the legatees and heirs of a deceased person. It summarizes that the deceased left a will leaving all properties and assets to the legatees, but the heirs disputed the will claiming the deceased was not of sound mind. The deed establishes that the legatees and heirs agree to settle their disputes amicably. The legatees will apply for probate of the will without objection from the heirs. In return, the legatees will transfer half the deceased's properties to the heirs after probate is granted. Both parties agree not to claim rights under alleged codicils or portions of the will contrary to the agreement.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
    Download as rtf, pdf, or txt
    of 2

    DEED OF COMPROMISE BETWEEN LEGATEES AND HEIRS

    THIS DEED of compromise made at………………on this………………day of………………


    20………between A son of………………resident of...................and B son of………………
    resident of(hereinafter collectively called "the heirs") of the ONE PART and C son of ................
    resident of………………and D son of………………resident of...........(hereinafter collectively
    called "the legatees") of the OTHER PART
     
    WHEREAS
     
    (1) One E son of………………resident of………………died leaving the properties and assets,
    more particularly described in the Schedule hereunder written
     
    (2) The said E has left a will dated………………bequeathing all his properties and assets to the
    legatees.
     
    (3)The heirs of said E have disputed the said will on the ground that it is not the last will of the
    said deceased and that the deceased was not in his sound mental condition on the date of its
    alleged execution and that the said deceased has left codicils to the said will.
     
    (4)The legatees do not admit the objections put up by the heirs and they object to the alleged
    codicils on the grounds that the said alleged codicils are not properly attested and date of one
    codicil is not certain
     
    (5)Various disputes and differences have arisen between the legatees and the heirs as to the
    administration of the estate of the deceased.
     
    (6)The parties hereto desire that the disputes and differences relating to the distribution or
    inheritance of the properties and assets left by the said deceased between them should be
    settled amicably between themselves without resort to litigation.
     
    NOW THIS DEED WITNESSETH THAT IT IS HEREBY AGREED AS FOLLOWS:
     
    (1)In pursuance of the said agreement and in consideration of the premises, the parties agree
    that the legatees shall apply for probate of the said will, without prejudice to the rights of the
    heirs as hereinafter fixed and agreed to by the parties hereto and the heirs will not contest the
    said will in any court and will not object to the grant of the probate of the will.
     
    (2)In consideration of the premises, the legatees and each of them agrees that they shall deliver
    and transfer one-half of the said properties mentioned in the Schedule hereunder written to the
    legal heirs immediately after the grant of probate of the will and will retain remaining half with
    them
     
    (3) The legatees and each of them covenant that they will take immediate and diligent steps to
    obtain the probate of the will. All expenses of and incidental to the grant of probate of the will, as
    also of transfer of the shares to the heirs shall come out of the estate of the deceased.
     
     
    (4)The heirs and each of them agree that they will not claim any right under the said codicils and
    the legatees and each of them also agree that they shall not claim any rights under the said will
    save as hereinbefore provided
     
    IN WITNESS WHEREOF, the parties have set their hands hereunto the day and year first
    hereinabove written
    Schedule
    WITNESSES
    1 Signed and delivered by the within named legal heirs A and B

    2. Signed and delivered by the within named legatees C and D


     
    III. FAMILY SETTLEMENTS
     

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