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Settlement Deed Validity blood relations
12-Aug-2023 (In Property Law)
My father got settlement deed registered by her mother's sister (aunt) when I go for bank loan they are saying the settlement deed is invalid because settlement can only be done between blood relation now what should I do cancel the settlement deed and execute gift deed because or the settlement deed executed my aunt is valid
settlement deed can be done only in favour of sons and daughters are in favour of father and mother the settlement deed done for other relationship is not really valid under law and on the basis of the gift deed you can get the loan
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Adv. Satish Kumar
Chennai | 500+ Answers
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What are the advantages of a settlement deed?
Settlements have certain advantages. Settlement agreements are used in divorce and marital conflict, property disputes and personal injury claims. Settlement agreements are not only a way to keep disputes out of court, but they also save money for parties by avoiding ongoing litigation.
Can a settlement deed be canceled?
Once the settlement deed has been signed, it cannot be retracted. The answer is therefore no. The agreement is assessed according to the value of the real estate. The validity of a settlement agreement can be challenged in court but only by judicial order. 15-Sept-2022
What is the law of settlement deed?
What is a settlement agreement? A settlement deed is also called a property settlement contract. It is a legal document which outlines how assets and liabilities are divided between the parties in a dispute over property or separation. This document is often used in divorce cases, inheritance disputes, and property disputes. 08-Sept-2023
What are considerations in settlement deed?
A settlement deed is not legally binding if it requires consideration. The parties do not have to exchange any value in order for the settlement deed to be valid. 03-Mar-2023
In this case, settlement deeds (only between blood relation ) it's valid another form Gift deed ( other than blood relation) and if you paid full government stamp duty you can show without considerable amount if you did not pay any equal guideline value of stamp duty hence this gift deed will come to the question of the validity. I had a vast practice in that area you can seek my assistance in your matter.
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Adv. Raghuraman Balaji
Chennai | 500+ Answers
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The terms of the settlement must be agreed upon by all parties. Free consent should not be influenced by external elements like deceit, deception, or coercion. Both oral and written agreements can be accepted. All parties must sign the written agreement if it is a written agreement.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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