All templatesFAMILY SETTLEMENT
THIS FAMILY SETTLEMENT is made on the ______ day of ____________ 20____ in the matter of the estate of WILSON KIPROTICH TANUI (deceased) ("the Deceased") BETWEEN the following persons (together "the Parties"):
(a) Susan Chepkoech Tanui (widow);
(b) Kevin Kiprop Tanui (son);
(c) Janet Jepkorir Tanui (daughter).
1. Distribution
The Parties agree that the estate of the Deceased is distributed as follows:
(a) Title No. Uasin Gishu/Kapsaret/882 (10 acres): 5 acres to Susan Chepkoech Tanui;
(b) Title No. Uasin Gishu/Kapsaret/882 (10 acres): 2.5 acres to Kevin Kiprop Tanui;
(c) Title No. Uasin Gishu/Kapsaret/882 (10 acres): 2.5 acres to Janet Jepkorir Tanui;
(d) Equity Bank balance of KES 1,400,000 divided equally among Susan Chepkoech Tanui, Kevin Kiprop Tanui and Janet Jepkorir Tanui.
2. Basis
Kevin Kiprop Tanui and Janet Jepkorir Tanui voluntarily accept a smaller share to provide for their mother's life needs.
3. Free agreement
Each Party enters into this settlement freely and understands the share that Party takes under it.
4. The court
Family and personal
Family agreement on an estate template (Kenya)
Also called: Family Settlement Agreement (Estate)
What it is for
A family agreeing how to share what a relative left behind.
The Kenyan law it follows
- Law of Succession Act Cap 160 — s.71 (the grant is confirmed by the court, which is told the identities and shares of the persons beneficially entitled)
Who prepares it
You can prepare this yourself. It is still wise to have an advocate read it before you sign, especially where a lot of money or a long commitment is involved.
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Sample family agreement on an estate
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This is a sample for general information. It is not legal advice and may not suit your situation. Laws change, and a document has to fit your own facts; have an advocate check it before you rely on it.