Power of attorney
Arvind
(Querist) 14 August 2016
This query is : Resolved
Sir, I am from Kurukshetra, Haryana. I have a house in my name which my father purchased from his own money.. It was not originally bought for me but due to some family problems registry was done in my name. I want to part my ways from my brother who deliberatly behaves rudely towards us and is in a Court case with his wife who also wants a share of property. The parents does not like both of us brother s andd never listen to me regarding our living seperately and myself getting married and have my own life.They are in deep impact of my sister and her lawyer husband who tells them that I have some hidden motives. Sir, from my childhood, I have repeatedly seen property related clashes and aggressive behavior in the family. I want to get rid of all of this and live peacefully. Moreover I am a govt. servant and have enough funds for my livelihood. I doesn't want to take anything from my parents. I feel like a beggar before them. Please tell me the way 1. to give Power of Attorney of the house in my name to my father. 2. To quit my share of parental property.
kavksatyanarayana
(Expert) 14 August 2016
If your father have only house which was bought in your name, then you should execute a gift deed in favour of your father. If your father have another properties also, then in the first instance you have to execute gift deed in favour of your father as said above, and then relinquish all of your rights over other properties. In general both gift deed and relinquish deed costs normally less. verify the stamp duty and fees in your state as vary from one to one state.
Rajendra K Goyal
(Expert) 15 August 2016
You can gift the property to your father.
