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Estate Settlement Agreement
"I need an Estate Settlement Agreement for a complex estate involving multiple properties in England and overseas assets, with five beneficiaries including a charitable trust, to be distributed following probate expected in March 2025."
1. Parties: Identifies all parties to the agreement including executors, administrators, and beneficiaries
2. Background: Details about the deceased, date of death, and existence of will/intestacy
3. Definitions: Key terms used throughout the agreement
4. Estate Assets: Comprehensive list of estate assets and their values
5. Distribution Terms: Details of how the estate will be distributed
6. Tax Provisions: Handling of inheritance tax and other tax matters
7. Release and Discharge: Mutual releases between parties
8. Execution: Signature blocks and attestation
1. Dispute Resolution: Procedures for resolving disputes - include when parties want specific dispute resolution mechanisms
2. Foreign Assets: Handling of overseas assets - include when estate includes foreign property
3. Business Interests: Treatment of business assets - include when deceased had business holdings
4. Trust Provisions: Creation of any ongoing trusts - include when creating trusts from estate assets
1. Schedule of Assets: Detailed inventory of estate assets and values
2. Schedule of Liabilities: List of estate debts and obligations
3. Distribution Schedule: Detailed breakdown of distributions to beneficiaries
4. Copy of Will: Attached as reference document if applicable
5. Grant of Probate: Copy of probate document
6. Tax Calculations: Detailed tax computations and allocations
Authors
Deceased
Personal Representatives
Executors
Administrators
Beneficiaries
Grant of Probate
Letters of Administration
Estate Assets
Residuary Estate
Distribution Date
Settlement Sum
IHT
Inheritance Tax
Effective Date
Legacy
Testamentary Documents
Will
Codicil
Trust
Trustees
Retained Assets
Distributed Assets
Estate Liabilities
Estate Accounts
Tax Clearance
Release
Recitals
Schedules
Working Day
Administration of Estate
Distribution of Assets
Tax Provisions
Indemnities
Releases and Waivers
Further Assurance
Estate Liabilities
Powers of Attorney
Foreign Assets
Trust Provisions
Dispute Resolution
Confidentiality
Variation
Severability
Governing Law
Jurisdiction
Costs and Expenses
Notices
Entire Agreement
Assignment
Third Party Rights
Counterparts
Attestation
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