Gift Deed - suggestion

6 years ago

Hello all,

A - Doner
B & C - Gift Deed Donees
D - Purchaser from one Donee
E - Purchaser from D
A had owned a property which he had executed a GiftDeed to his daughter (A) and his grandson (B) in 1952. At that time the age of B was just 2 months. After A deceased, B has sold the property to D explaining that she had some financial issues. three years later the same property was purchased from D by my grandfather (E).

My query is
When a gift deed is executed in the name of two people (Major (B) and Minor(C)) can B sell the property without the consent of other person? if yes what are the legal ways in which B can sell the property

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Deepak Yashwantrao Bade

Responded 5 years ago

A.dear client i agreed on advice that The property was held by B for his own self and for C as because C was a minor. B was the natural guardian of C.B can sell the property which is both the names under such circumstances only if court permits.

Helpful

Ambrose Leo

Responded 6 years ago

A.Your quarry is not clear A conditional gift deed can be executed as per the happening of an event .It better to consult a property Lawyer to guide & help you in all aspects.

Helpful

Anonymous

Replied 6 years ago

Sure will do. Thank you

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