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1. Parties: Identification of the seller (estate representative/executor) and the purchaser, including their legal capacity and authority
2. Background: Context of the probate situation, death details, and executor's appointment
3. Definitions: Key terms used throughout the agreement including Estate Assets, Probate, Estate Representative, etc.
4. Purchase and Sale: Core transaction terms including the assets being purchased and basic deal structure
5. Purchase Price: Amount, payment terms, and any adjustments or holdbacks
6. Closing Conditions: Prerequisites for completing the transaction, including probate grant and court approvals
7. Representations and Warranties: Statements of fact by both parties regarding their authority, the estate assets, and other material matters
8. Covenants: Ongoing obligations of both parties before and after closing
9. Risk and Insurance: Allocation of risk and insurance requirements until closing
10. Closing Procedures: Steps for completing the transaction and required deliverables
11. General Provisions: Standard contract terms including notices, amendments, governing law, etc.
1. Third Party Claims: Used when there are known or potential claims against the estate that need to be addressed
2. Tax Matters: Include when specific tax allocations or obligations need to be addressed
3. Partial Estate Purchase: Required when only certain estate assets are being purchased rather than the entire estate interest
4. Holdback Provisions: Include when funds need to be held in escrow for potential claims or tax obligations
5. Beneficiary Acknowledgments: Add when beneficiary approvals are required or obtained
6. International Assets: Include when estate includes assets in multiple jurisdictions
7. Dispute Resolution: Optional detailed procedures for handling disputes, beyond standard court jurisdiction
1. Schedule A - Estate Assets: Detailed inventory of estate assets being purchased
2. Schedule B - Excluded Assets: List of estate assets specifically excluded from the purchase
3. Schedule C - Purchase Price Allocation: Breakdown of purchase price across asset categories
4. Schedule D - Known Claims: List of existing or potential claims against the estate
5. Schedule E - Required Consents: List of third-party consents required for closing
6. Appendix 1 - Grant of Probate: Copy of probate grant or application
7. Appendix 2 - Death Certificate: Copy of death certificate
8. Appendix 3 - Court Orders: Copies of relevant court orders or approvals
Assets
Beneficiaries
Closing
Closing Date
Court
Deceased
Effective Date
Encumbrance
Estate
Estate Account
Estate Assets
Estate Claims
Estate Debts
Estate Representative
Excluded Assets
Grant of Probate
Holdback Amount
Laws
Letters of Administration
Liabilities
Material Adverse Change
Parties
Permits
Purchase Price
Purchaser
Related Documents
Seller
Tax Clearance Certificate
Taxes
Third Party Claims
Transaction
Transfer Documents
Will
Purchase and Sale
Purchase Price
Payment Terms
Estate Assets
Excluded Assets
Probate Requirements
Court Approval
Due Diligence
Closing Conditions
Representations and Warranties
Covenants
Estate Claims
Tax Matters
Risk Allocation
Insurance
Indemnification
Holdback
Third Party Claims
Confidentiality
Assignment
Notices
Force Majeure
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Waiver
Further Assurances
Estate Representative Authority
Beneficiary Rights
Transfer Procedure
Title Transfer
Survival
Legal Services
Financial Services
Estate Administration
Investment Management
Banking
Professional Services
Wealth Management
Real Estate
Legal
Compliance
Finance
Risk Management
Wealth Management
Investment
Tax Advisory
Estate Administration
Corporate Affairs
Operations
Estate Lawyer
Probate Attorney
Estate Administrator
Trust Officer
Investment Manager
Financial Advisor
Estate Planning Specialist
Compliance Officer
Tax Consultant
Wealth Manager
Legal Counsel
Risk Manager
Portfolio Manager
Estate Accountant
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