Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Property Advice (private employee)     01 March 2012

Gift deed on two persons

Hello Lead lawyers, I request you to provide whether below scenario can be registered via gift deed. My father wants to give his self acquired property to my mother till her death and thereafter it should be transferred to me(son) with absolute ownership on it. Thanks a ton in Advance! Pavan.


Learning

 5 Replies

Adv Archana Deshmukh (Practicing Advocate)     02 March 2012

Instead of gift your father should make a will bequeathing his property to you while creating a prior life interest in favour of your mother.

Property Advice (private employee)     02 March 2012

Thanks you so much for the reply!!!!

 

My father has to two wifes and I am son of second wife. I am sure that if a will is made it will be challeged.

 

What could be the best alternative to avoid disputes and get this matter settled during my father's lifetime.

 

Thanks in Advance!!!

Bharatkumar (ADVOCATE )     02 March 2012

Your father excute a WILL at Registrar offce.

1 Like

Property Advice (private employee)     02 March 2012

Thanks Bharat for prompt reply!!!

 

My father is a very old man aged 85 years and what precautions will you suggest to take to prove the genuineness of the will even if registered in Registrar office.

 

Please advice!!!

Thanks in Advance!!!

Bharatkumar (ADVOCATE )     03 March 2012

U give a application at Registrar office about this they have come your home for formality of registered documents.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register