A Family Settlement Agreement (FSA), also known as a Family Arrangement or Family Compromise Agreement, is a private, legally binding document executed among family members (usually heirs, legal representatives, or beneficiaries of a deceased person or among living members of a joint family) to amicably settle, partition, or redistribute movable and immovable properties, rights, titles, interests, claims, disputes, or potential litigation arising out of succession, inheritance, joint family assets, wills, trusts, or any past or future family disputes.
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