Agreement Between Heirs as to Division of Estate
Agreement made on the ____ day of __________________________, 20____,
between ______________________________________________ (Name of First Child)
of _____________________________________________________________________
________________________________________________________________________
_____________________ (street address, city, county, state, zip code) , referred to herein
as First Child, _____________________________________________ (Name of
Second Child) of _________________________________________________________
________________________________________________________________________
___________________________________ (street address, city, county, state, zip code) ,
referred to herein as Second Child, and ________________________________________
(Name of Third Child) of __________________________________________________
________________________________________________________________________
___________________________________ (street address, city, county, state, zip code) ,
referred to herein as Third Child.
In consideration of the surrender of claims as heirs to the estate of
______________________________________________________ (Name of Decedent) ,
deceased, (herein referred to as Decedent ), and in further consideration of a speedy
settlement of Decedent’s estate, we, the only heirs at law of Decedent , agree to partition
and divide such estate, after the payment of all estate taxes, estate debts, and expenses of
administration, as set forth in this Agreement. We are all adults over the age of 21 years.
The Decedent’s estate consists of both real and personal property described as
follows: (Describe property and segregate descriptions as to real property and personal
property). _______________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
_____
First Child is to have, and does hereby accept, the following described portion of
the real property:
(Put full legal description of said real property here).
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
___
________________________________________________________________________
First Child is to have, and does hereby accept, the following items of personal
property:
(Put full legal description of said personal property here).
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
____
Second Child is to have, and does hereby accept, the following described portion
of the real property:
(Put full legal description of said real property here).
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
____
Second Child is to have, and does hereby accept, the following items of personal
property:
(Put full legal description of said personal property here).
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
____
Third Child is to have, and does hereby accept, the following described portion of
the real property:
(Put full legal description of said real property here).
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
____
Third Child is to have, and does hereby accept, the following items of personal
property:
(Put full legal description of said personal property here).
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
____
Any dispute under this Agreement shall be required to be resolved by binding
arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party
shall select one arbitrator and both arbitrators shall then select a third. The third
arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by the
rules of the American Arbitration Association then in force and effect.
WITNESS our signatures as of the day and date first above stated.
____________________________________
Signature of First Child
____________________________________
Signature of Second Child
____________________________________
Signature of Third Child
STATE OF _______________________________________
COUNTY OF _______________________________
Personally appeared before me, the undersigned authority in and for the said
County and State, on this ____ day of __________________________________, 20___,
within my jurisdiction, the within-named ______________________________________
( Name of First Child), who acknowledged that he executed the above and foregoing
instrument.
___________________________________
NOTARY PUBLIC
My Commission Expires:
______________________
STATE OF __________________________________
COUNTY OF ____________________________
Personally appeared before me, the undersigned authority in and for the said
County and State, on this ____ day of __________________________________, 20___,
within my jurisdiction, the within-named ______________________________________
( Name of Second Child), who acknowledged that he executed the above and foregoing
instrument.
___________________________________
NOTARY PUBLIC
My Commission Expires:
______________________
STATE OF _________________________________________
COUNTY OF _______________________________
Personally appeared before me, the undersigned authority in and for the said
County and State, on this ____ day of __________________________________, 20___,
within my jurisdiction, the within-named ______________________________________
(Name of Third Child), who acknowledged that he executed the above and foregoing
instrument.
___________________________________
NOTARY PUBLIC
My Commission Expires:
______________________