Haryana Family Settlement Deed Template

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Haryana Family Settlement Deed Template

A family settlement is essentially an agreement where family members mutually work out how a property should get distributed among themselves. All the parties should be related to each other and have a claim to a share of the disputed property. The latter need not be limited to real estate, but can also cover movable assets like jewelry or money in bank accounts. A family settlement is usually used to settle common property or joint property that the family owns as opposed to individual or self-acquired property. Also, merely reaching a consensus is not enough; there are a few legal formalities that must be completed to ensure that the agreement is valid.

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