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Gift deed
4 years ago
Me and my brother shares a property. It is inherited from our mothers property. My brother has only a small amount of portion in it. I wish to give more portions to him as gift deed. Should I then ask his own prior consent to do this? Plz advice me the steps to follow.
Shreyash Mohta
Responded 4 years ago
A.execute a gift deed in favor of your brother.
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A.Dear Sir,
You may execute a Gift Deed or Release Deed in favour of your brother.
You may execute a Gift Deed or Release Deed in favour of your brother.
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A.As per Transfer of Property Act.
"Gift" is the transfer of certain existing movable or immovable property made voluntarily and without consideration, by one person, called the donor, to another, called the donor, and accepted by or on behalf of the donee.
Acceptance when to be made-Such acceptance must be made during the lifetime of the donor and while he is still capable of giving.
If the donee dies before acceptance, the gift is void.
For the purpose of making a gift of immovable property, the transfer must be effected by a registered instrument signed by or on behalf of the donor, and attested by at least two witnesses.
For the purpose of making a gift of movable property, the transfer may be effected either by a registered instrument signed as aforesaid or by delivery.
Such delivery may be made in the same way as goods sold may be delivered.
"Gift" is the transfer of certain existing movable or immovable property made voluntarily and without consideration, by one person, called the donor, to another, called the donor, and accepted by or on behalf of the donee.
Acceptance when to be made-Such acceptance must be made during the lifetime of the donor and while he is still capable of giving.
If the donee dies before acceptance, the gift is void.
For the purpose of making a gift of immovable property, the transfer must be effected by a registered instrument signed by or on behalf of the donor, and attested by at least two witnesses.
For the purpose of making a gift of movable property, the transfer may be effected either by a registered instrument signed as aforesaid or by delivery.
Such delivery may be made in the same way as goods sold may be delivered.
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Rameshwar Dadhe
Responded 4 years ago
A.If property on ur name then no need to ask
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Manjula Shanmugasundaram
Responded 4 years ago
A.Yes, you need to execute either a registered settlement Deed or a Registered Partition Deed. Partition would need his signature. Settlement Deed does not require his signature but he should accept the original of that deed and also take possession of the property so settled.
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