If father can receive gift deed from son.
My father had gifted me a property in Bangalore in the year 2005. Proper gift deed was drafted and duly registered and stamp duty was paid for the same. later the said flat was transferred in my name. I would like to know if my son has any legal ownership or part ownership rights over the said property.
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Answers (1)
Once gift deed has been executed by your father in respect of his self acquired property, you become absolute owner of said flat. Your son has no rights on said flat . you are free to transfer, mortgage or create any third party rights on said flat. You can bequeath said property by will to whomsoever you desire. Only in event you die intestate would your son along with other legal heirs have any right on said flat.
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