Common Contracts
1 similar Redistribution Agreement contracts
Redistribution agreement deceased estate templateRedistribution Agreement • February 7th, 2021
One. Introduction Land transfers and transfers of actual rights must follow the sequence of successive transactions in which they are conducted and it will not be legal to depart from such a sequence, except as provided for in the Records of Deeds Act 1937 (hereafter called law), or in any other statute or as ordered by the court (article 14 (1)a) and (b) of the Act.) However, section 14(1)(b)iii) of the Act provides for a departure from this general rule, where a redistribution agreement is reached between the heirs and the legatees (including the heirs and qualifiicommissary heirs determined) of the deceased, or between these heirs and legatees and the surviving spouse, including the holder of a personal easement being also heir (see RCR 12 of 2006). Redistribution may involve the entire portion or any part of the assets of that estate. Article 14(1)b)(iv) further provides that it is legal to introduce personal property that is not part of the estate for the purpose of equalizing the
