Indemnity Agreement In The Estate Of Deceased (Page 2 of 3) in pdf

Indemnity Agreement In The Estate Of Deceased Page 2

DATE

PARTIES

The Trustees of Great Ormond Street Hospital Children’s Charity of Great Ormond Street

(1)

London WC1N 3JH a body corporate under Part VII of the Charities Act 1993 as trustees of

the Great Ormond Street Hospital Children’s Charity (registered charity no 235825) (the

‘Charity’); and

[Names and addresses of the Executors] (the ‘Executors’).

(2)

RECITALS

This Agreement is supplemental to the will (the ‘Will’) dated [date] [and any codicils] of

(A)

[name] (the ‘Deceased’). The Deceased died on [date of death] and a grant of probate was

issued out of the [Registry] Probate Registry on [date] to the Executors.

The Executors have not been able to locate the legatee [name] (the ‘Missing Beneficiary’)

(B)

] of the Will (the ‘Legacy’).

entitled to the legacy at clause [

(C)

In consideration of the Charity entering into the covenant contained in this Agreement, the

Executors have agreed to make distributions to the Charity as if the Legacy had failed.

OPERATIVE PROVISIONS

Definitions

In this Agreement, where the context admits, the following definitions shall apply.

The ‘Executors’ shall mean the Executors, or the survivor of them, and their

1.1

respective personal representatives and successors in title.

The ‘Claim’ shall mean a claim by the Missing Beneficiary or the Missing

1.2

Beneficiary’s Personal Representatives against the Executors arising out of the

Executors’ decision to distribute the estate if the Legacy had failed.

Indemnity Agreement In The Estate Of Deceased Page 2