Settlement deed executed with life interest what is the procedure

711 votes

If the settleee has only life interest in the property now settled, then who is the beneficiary? If there is no ultimate beneficiary then the settlement deed is invalid in the eyes of law. There can be no conditions in a settlement deed. As per your contents, the settlee is having only life interest hence she cannot claim the property anytime during her lifetime. If she cannot claim title to the property in what way her legal heirs would be entitled to claim any share or right in the property which never belonged to her? As a matter of fact the settlement deed without an ultimate beneficiary is invalid, hence the settler can execute another settlement deed but before that, if the previous one was by a registered document, then he has to cancel or revoke the same by executing a cancellation deed stating that the settllee/beneficiary is no more living hence the deed stands cancelled.

LawRato LawRato