Introduction A Will or a gift during your lifetime are both ways to transfer your assets to anyone, including your children. It is true that both modes have advantages and disadvantages. The purpose of this article is to help you decide which option is best for you. There is no restriction on the transfer of assets by anyone who has the legal capacity to do so.s to anyone else. In order to enter into a contract, a minor, a person of unsound mind, or an involuntary bankruptcy insolvent must be of sound mind. During the course of the person giving […]
Gift Deeds in India: Who Is Eligible?
Introduction A Gift Deed can be used to give a gift to a colleague, close relative, or charitable organization. Implementing this documentation can prevent inheritance disputes. Whenever two people agree to share property without exchanging money, a legal document called a Gift Deed outlines how the property will be divided. According to Section 17 of the Registration Act, 1908, the landowner must register the facility with the sub-registrar before transferring it to another person or organization; however, the gift must be received while the donor is still alive. A Gift Deed usually includes information about both the assignor and the […]