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Family Arrangement In Which The Daughters Convey Their Shares In Favour Of Their Brother - Legal Draft

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Category : Agreements Compromise And Settlements

This

Deed is made at .............. on this ........... day of ....... 19 .......

between Smt. A wife of Shri .......... resident of ............. hereinafter

called as Smt. A, of the One Part and Smt. B wife of Shri .......... resident

of .......... hereinafter called as Smt. B of the Second Part and Shri C son of

D resident of ...... hereinafter called as Shri C, of the Third Part.Whereas

D now deceased was seized and possessed of the property, more particularly

described in Schedule hereto, and the said D has died on ...... intestate.And

Whereas the parties to this deed are the only legal heirs entitled to share in

the estate of D.And

Whereas Smt. A and Smt. have been married in very respectable families and the

said D had spent substantial sums on their marriage and the said D had been

paying money and offering gifts to them on the occasion of festivals and functions

in the family and after the death of said D, C has been paying money and

offering gifts to them on the occasion of festivals and functions in the

family.And

Whereas on account of their love and affection, the said Smt. A and Smt. B are

desirous to transfer their shares to C for his absolute use and benefit free

from encumbrances.Now

This Deed Witnesseth as Follows:1.

In

pursuance of the said agreement and in consideration of the premises, the paid

Smt. A and Smt. B as beneficial owner hereby assign and release unto Shri C all

that their shares and interests in the property described in the Schedule

hereunder written to hold the same unto the said Shri C as absolute owner

thereof without any encumbrance or charge.2.

The

said Smt. A and Smt. B hereby agree, undertake and declare that none of them

will have any right, title or interest in the property described in the

Schedule hereto or any other property which is found later on to be left by the

deceased D and C will hold the said property as absolute owner thereof without

any encumbrance or charge.3.

The

said Smt. A and Smt. B include their respective legal heirs, successors and

legal representatives.4.

The

cost of the execution and registration of this deed shall be borne by Shri C.5.

The

said Smt. A and Smt. B have obtained independent advice and they are fully

aware of meaning and effect of this deed.In

Witness Whereof, the parties have set and subscribed their hands to this

writing the day and year first hereinabove written.The

Schedule above referred toSigned

and delivered by the within named Smt ASigned

and delivered by the within named Smt. BSigned

and delivered by the within named Shri CWITNESSES;1.2.


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