The purpose of the Deed is to document the agreed distribution and to protect the personal representative (executor or administrator) from a subsequent claim.
Deeds of family arrangement can be used in a number of circumstances:
- Where there are doubts about the meaning of a Will
- Where the beneficiaries wish to rearrange the distribution of the estate between themselves
- To compromise a claim against the estate where there is a challenge to the Will;
- To create an estate proceeds trust under taxation legislation.
We can assist you with preparing a deed of family arrangement or providing independent advice about its content.