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How to make payment under gift deed
27-May-2023 (In Property Law)
Hi one house property is transferred from my maternal grand mother to my mother with duly registered gift deed. now my mother wants to pay share of 7 lacs each to all her 5 sisters with her own will. now property is transferred through gift deed which has to be without any consideration; then how to create document of this payment to all sisters, payment will be made through DD in name of all sisters. what proper legal document can be created which defines there share is paid and they do not have any right on this property (gift deed no consideration factor need to be kept in mind) Regards
Their is no need to prepare any document in this regard as if gift deed is in your mother’s name and the same is registered , her sisters cease to any right in the same. Further if you want to pay them share out of your own will, you can make a will(vasiyat) or gift deed in this regard in their favour.
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Adv. Aditya Kapoor
Delhi | 25+ Answers
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Your mother can also by a gift deed give money through Demand Draft to all her sisters out of love and affection and this would require just a registration of a gift deed, same as was done by your maternal grand mother.
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Adv. Manisha Ambwani
Delhi | 25+ Answers
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Adv. Mayank Soni
Delhi | 25+ Answers
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