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1. Parties: Identification of all family members and beneficiaries involved in the settlement
2. Background: Context of the probate matter and reasons for settlement
3. Definitions: Key terms used throughout the agreement
4. Distribution Terms: Specific details of how assets will be distributed
5. Release of Claims: Mutual releases between parties
6. Tax Provisions: Allocation of tax responsibilities
1. Dispute Resolution: Mediation/arbitration provisions for avoiding future litigation
2. Confidentiality: Privacy provisions regarding settlement terms
3. Surviving Spouse Provisions: Special provisions for surviving spouse when applicable
1. Schedule A - Asset Inventory: Detailed list of estate assets and their agreed values
2. Schedule B - Distribution Schedule: Specific allocation of assets to each party
3. Schedule C - Outstanding Debts: List of estate liabilities and payment responsibilities
4. Appendix 1 - Property Appraisals: Professional valuations of significant assets
5. Appendix 2 - Tax Calculations: Detailed tax implications and calculations
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