Gift deed property from mother to son become self acquired

744 votes

A property acquired by gift deed gives you absolute ownership and you have all the rights of an absolute owner. Your wife and children do not acquire any rights while you are alive. You can transfer to whom ever you want or pass it on while you are alive or by way of will or intestate succession as you may prefer.

LawRato LawRato

612 votes

Right over a property acquired on the basis of a gift deed becomes a person's self-acquired property. This means that, the property that you acquired through gift from your mother becomes your self acquired property, and neither your wife nor your daughter will have any manner of right, title or interest over the same during your life time.

Having said that, one has to bear in mind that the property that your mother gifted should have been her self acquired property.

Advocate Vijay Belavadi LawRato

203 votes

The Donor and the donee must sign the deed before two witnesses. They then need to pay the fees, get the original attested, and submit it to the Registrar. The Gift deed must be executed. Mortgaged properties can be given away after the mortgage is repaid.

Advocate Chikirsha Mohanty LawRato