Karthik Z (Private) 06 November 2024

Gift settlement deed

My mother-in-law is transferring the property to my wife through an unconditional Dhana Settlement (deed), as she is a blood relative. My wife’s younger sister is also willing to sign as a witness. In this case, who will be the legal successors to the property after my wife?

Reply Follow

Quick Summary

This discussion clarifies the implications of a gift settlement deed for property transfer. When a mother-in-law gifts property to her daughter via a registered deed, it becomes the daughter's self-acquired property. She has full rights to transfer it during her lifetime. If she passes away without a will, her husband, sons, and daughters will inherit the property equally.

4 Replies

Advocate Bhartesh goyal (advocate) 06 November 2024

If your wife gets the property through registered gift deed the the property will be considered your wife's self acquired property and she can transfer the property to anyone during her lifetime as per her wish,if she wnatd to bequeath the property to either her legal heirs or anyone she can execute will in favour of beneficiary and of dhe died intestate then property rights shall devolve to her husband ,daughters and sons equally.