6. What is a deed of family arrangement? When to use it?

6. What is a deed of family arrangement? When to use it?

The beneficiaries of an estate may come up with an agreement as to how the estate be distributed. For example, some may prefer taking up the deceased’s stocks and some prefer cash and some prefer landed properties. As long as all the beneficiaries agree, such agreement is generally enforceable. For legal reasons, it is advisable to put the agreement in a deed and have every beneficiary sign it. If you have doubt about the form or substance of such deed, seek legal advice.