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I have a query pertaining to the Title of property
14-Aug-2023 (In Property Law)
The owner of self acquired property died leaving 4 legal heirs, wife,daughter and parents. The parents and wife wants to gift their share to daughter of the deceased. Is it possible to make settlement deed. ??
Hello,
Yes it is possible to make a settlement deed where the wife and parents of the deceased can make a settlement deed in favour of the daughter. It is allowed provided that there is no other legal heir
Regards,
Aditya
Yes it is possible to make a settlement deed where the wife and parents of the deceased can make a settlement deed in favour of the daughter. It is allowed provided that there is no other legal heir
Regards,
Aditya
Helpful?
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Reg to your query weather mother can execute a setelment deed in favour of the daughter. I hereby clarify further mother can write a settlement deed on the ground of love and affection to their daughters. I hope clarifies the position
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Adv. Mohamed Ashick
Chennai | 100+ Answers
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They can very well transfer their share to anyone. There is bar in the transfer of their share. However while the time of transfer , the transferor has to be the owner of the respective share and not merely possess a chance of inheritance.
A settlement deed in your case can be very well executed without any problems
A settlement deed in your case can be very well executed without any problems
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Adv. Salai Varun Isai Azhagan
Chennai | 25+ Answers
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All you are co-owners. You all can only execute release deed only. No settlement or gift . Law permits only release deed. You all can do it separately or jointly. Settlement is not necessary between co-owners.
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Adv. Satish Kumar
Chennai | 500+ Answers
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