A Deed of Family Arrangement is a document that confirms the distribution of an estate when the distribution is to be different/changed from what is stated in the deceased’s Will. This also applies if the distribution is to be changed and not made in accordance with the laws of intestacy.
A deed like this is entered into to ensure that all parties/beneficiaries are in agreement with the distribution of the estate and to protect the Executor/Administrator against any potential claims that might be made.
Some circumstances where a Deed of Family Arrangement might be used are:
- If the Executor has agreed to change/alter the distribution of the estate and not distribute in accordance with the Will;
- To clarify the contents of a Will if there were any clauses that did need clarification; or
- Where someone may have been omitted as a beneficiary accidentally; or
- To settle a claim that may have been made against an estate.
If you have received a Deed of Family Arrangement and require advice on how that affects you or in the process of dealing with an estate, please contact our office on 9707 1155 or email@example.com.