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Estate Settlement Agreement
"I need an Estate Settlement Agreement to distribute my late father's estate in Singapore, which includes a mix of residential property, CPF funds, and business shares, among five beneficiaries, with special provisions for a beneficiary who is a minor."
1. Parties: Identifies all parties to the agreement including executor/administrator and beneficiaries
2. Background: Details of deceased, date of death, will/intestacy status, grant of probate/letters of administration
3. Definitions: Key terms used tHRoughout the agreement
4. Estate Assets: Comprehensive list of all assets forming part of the estate
5. Distribution Plan: Detailed breakdown of how assets will be distributed
6. Release and Discharge: Beneficiaries' acknowledgment of receipt and release of executor/administrator
7. Governing Law: Specification of Singapore law as governing law
1. Dispute Resolution: Mechanism for resolving disputes, used when complex family dynamics exist
2. Tax Provisions: Specific arrangements for handling tax liabilities, used when significant tax implications exist
3. Foreign Assets: Special provisions for overseas assets, used when estate includes foreign property
4. Business Interests: Provisions for handling business assets, used when deceased owned business interests
1. Schedule of Assets: Detailed inventory of estate assets including valuations
2. Schedule of Liabilities: List of outstanding debts and liabilities of the estate
3. Distribution Schedule: Detailed breakdown of distribution including specific assets to specific beneficiaries
4. Copy of Grant of Probate/Letters of Administration: Attached as evidence of authority to distribute
5. Copy of Death Certificate: Official evidence of death
Authors
Administrator
Applicable Law
Assets
Beneficiaries
Completion Date
Deceased
Distribution Date
Estate
Estate Assets
Estate Liabilities
Executor
Grant of Probate
Letters of Administration
Net Estate
Parties
Remaining Estate
Residuary Estate
Settlement Sum
Shares
Signing Date
Tax Clearance
Will
Working Day
Distribution of Assets
Payment Terms
Estate Accounting
Tax Matters
Release and Discharge
Indemnification
Representations and Warranties
Dispute Resolution
Confidentiality
Further Assurance
Notices
Severability
Entire Agreement
Assignment
Governing Law
Jurisdiction
Waiver
Variation
Costs and Expenses
Force Majeure
Counterparts
Third Party Rights
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