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GIFT SETTLEMENT DEED
Grandmother gifted 2.5-acre land to son’s second wife, who sold it; granddaughter challenges sale claiming it to be ancestral land, but loses case in the High Court for this reasonGranddaughter lost 2.5 acre of land as her grandmother had gifted it to her step-mother who sold it; Madras HC rejects granddaughter’s ance...- Wife living in London gives POA to family friend to manage his Vadodara property, friend gifts it to son and daughter-in-law; husband files case and wins in Gujarat HCMr Purshotam Ranchhodbhai Pankhania and his late wife living in London trusted their friend and gave him the POA to manage their India prop...
- Father can't relinquish daughter’s share in ancestral property to son; Know the legal positionA father cannot legally sign away his daughter's rightful share in ancestral property to his son, the Andhra Pradesh High Court has ruled. ...
- Disinherited in a Will? A settlement deed can still give son or daughter rights over propertyA Kerala High Court ruling clarifies that a settlement deed holds legal power over a Will. Even if children are excluded from family proper...
- Joint mutual will alert: Surviving spouse can’t change beneficiaries after partner’s death - what parents must knowDaughters secured an inheritance in Kerala despite their parents' Will. The High Court ruled in their favour, granting them a share of the ...
- Mumbai gets 100% digital property mutation portal: Here's how to apply online from home and skip Tehsildar and Collector office visitsOnline Property Mutation: Maharashtra Revenue Minister Chandrashekhar Bawankule has launched a new digital portal, epsitmumc.mahabhumi.gov....
- Lady with Rs 3.4 lakh annual income gets a Rs 33 lakh property via gift deed; tax dept sends notice; she wins in ITAT DelhiThe Income Tax Appellate Tribunal (ITAT) Delhi ruled that property received through a Hindu family settlement is not a taxable gift. The tr...
- Want to transfer your assets? Here are 5 tools for a smooth inheritance
- Is it better to distribute one’s assets during lifetime or after demise? Which succession tool is best suited to your needs?Inheritance conflicts frequently occur in India as families navigate the complexities of passing on legacies. Although parents strive to cr...
- Gift deed Vs Will: Sister to get late father’s property after 30-year-fight with brother, rules Supreme CourtSupreme Court: A sister had to fight in multiple courts over a period of about 30 years with her brother for possession of their late fathe...
- HC hands senior citizens big power, allows parents to cancel gift deed if children fail to take care of themSenior citizens have the right to cancel deeds given to their relatives if care obligations are unmet, as ruled by the Madras High Court. T...
- What is Family Settlement Agreement, how does it prevent conflicts among family members in distribution of assets?Family Settlement Agreement: Apart from Wills, Trusts and Gift Deeds, there is another way to transfer property and assets. Family Settleme...
- Gift deed or sale deed/agreement: Which method attracts minimum stamp duty when transferring property?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
- Parents can reclaim property if children fail to provide promised care, rules High CourtThe Madra High Court stated that parents have the right to cancel a settlement deed if it is explicitly mentioned that the property was tra...
- I’ve been paying for house’s maintenance. My sister has spent nothing, but wants a share in it. What are my rights?As per the Hindu Succession Act, your father’s property will be divided equally among his wife, son and daughter. Hence, your sister has th...
- Gifting vs nomination vs will: Choices for parents whose children willingly abdicate inheritanceNomination still remains an useful testatory tool. While the law says that the nominee only holds the assets in trust, if the heirs agree t...
- How NRIs can inherit immovable properties in India: Rules and methodsIt is important to realise that wealth plans and bequeaths having overseas application are highly complex and regulated. They are governed ...
- Sanjay Kirloskar's Rs 750-crore claim gives fresh twist to bitter family feudSanjay Kirloskar has accused his family members of mala fide intent and going against the family settlement deed.
- Hindu woman absolute owner of property under Hindu Succession Act: Madras High CourtThe Madras High Court has made it clear that the moment property is given in favour of a Hindu woman, she becomes the absolute owner.
- Query Corner: Real EstateOur expert guides you in matters relating to real estate.
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