I need a format for a Memorandum of Understanding (MOU) and receipt to formally distribute my late mother’s money and gold jewelry among my siblings. We’re trying to be fair and transparent, as some family matters have arisen. Can you please help me with this?
Best Answer
A formal Memorandum of Understanding (MOU) should outline the distribution of your mother’s assets, clearly specifying the share each sibling receives in both money and jewelry. This document should be signed by all siblings and witnessed, serving as a legally binding agreement. A separate receipt acknowledging the receipt of the distributed share should be signed by each sibling.
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