Settlement deed

G Krishnamurthy (Querist) 03 October 2015 This query is : Resolved
When a settlement deed is necessary with regard to immovable property? Is it mandatory to get it registered? Is it treated at par with a will? Can a settlement deed be cancelled or modified by its executor?
G KRISHNAMURTHY, Chennai 61

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Guest (Expert) 03 October 2015
Normally at the Time of Executing A Settlement Deed All the Other Original Documents and Parent Document should be handed over Or Received by the Beneficiary.After the Execution and Receipt of Settlement Deed the Beneficiary should Transfer all related Taxes and Electricity,Patta etc in their Name.Then No Issues and Settlement Deed Can Not be Changed Or Cancelled.If the above things are Not Done there are Chances to Cancel The Settlement Deed.And Even after all this If the Settlement Deed is Executed by Parents to the Son/Daughter and if they Claim and Complain that they were been Neglected and Not Taken by the beneficiary Son/Daughter Legally they Could Cancel the Settlement Deed.If the Beneficiary had Mortgaged Or Sold the Property before the Executor the Parent Could take any Action For Cancelling the Settlement Deed and then the Executor Parents would have Lost the Rights

Sudhir Kumar, Advocate (Expert) 04 October 2015
repeated

http://www.lawyersclubindia.com/experts/Settlement-deed--563776.asp

Sudhir Kumar, Advocate (Expert) 04 October 2015
also repeated

http://www.lawyersclubindia.com/experts/Settlement-deed--563771.asp

Rajendra K Goyal (Expert) 04 October 2015
No reply if query academic or repeated.

K.S.Srinivas (Expert) 04 October 2015
Repeated query.

T. Kalaiselvan, Advocate (Expert) 10 October 2015
Repeated query, no reply for repeated queries.

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