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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
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