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Settlement by parents in f/o chidren for property
14-Jul-2023 (In Property Law)
I am 82+ years and my spouse 79 years and are in Chennai. We have an apartment at Chennai with 50:50 share.We have two children-a so and a daughter both well settled with happy family for themselves.
Can we together (joint) make a settlement Deed at Chennai for our children to share on 50:50 basis?
Yes, you both can execute settlement deed in favour of your son and daughter. Any share percentage may be specified. Or, you can also execute a Will in favour of your children. I hope the property is divisible so as to avoid any misunderstanding or dispute in the future.
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Dr. S. Diraviam Dinesh
Chennai | 1000+ Answers
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