DEED OF FAMILY SETTLEMENT

Querist : Anonymous (Querist) 28 August 2010 This query is : Resolved
Is transfer of immovable property rights (self acquired property) within the family (Mother to Son) possible through a registered Deed of Family Settlement done between the two of them without having other members of the family in it?

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aruntrivedi (Expert) 29 August 2010
No all co-parceners should be there and their share tobe defined in Partition Deed and itis attracted under Stamp Act, a registration fees under registration Act applicable in your state.

Chanchal Nag Chowdhury (Expert) 29 August 2010
YES. It can be done. The better option is either to make a deed of gift(Mother to Son) or to create a private Trust for the benefit of the son.

s.subramanian (Expert) 29 August 2010
It is unclear as to whose self acquistion you are talking about. If it is mother's self acquisition,you can go ahead without the other family members joining the deal.If it is not so, I fully agree with Mr.Arun.

Rajeev kulshreshtha (Expert) 29 August 2010
For family settlement all co-parcencers should be there and it is not so the better way is to execute the WILL.

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