Settlement deed

The definition of Settlement deed which does not find a place in the Transfer of Property Act, 1882 has however found statutory approval under Section 2(24) of the Indian Stamp Act, which reads thus: (24) “Settlement” means any non-testamentary disposition, in writing, or movable or immovable property made- (a) In consideration of marriage, (b) For the purpose of distributing property of the settlor among his family or those for whom he desires to provide, or for the purpose providing for some person dependent oil him, or (c) For any religious or charitable purpose; and includes all agreement in writing to make such a disposition and, where any such disposition has not been made in writing, any instrument recording, whether by way of declaration or declaration of trust or otherwise, the terms of any such disposition

Source:https://www.vakilsearch.com/law/property/property-buying/settlement-deed

A will or testament is a legal declaration by which a person, the testator, names one or more persons to manage his estate and provides for the transfer of his property at death. 

Source:https://en.wikipedia.org/wiki/Will_(law)