Partition of property
kalaivani.c
(Querist) 31 August 2013
This query is : Resolved
sir,
This is about some pratical issue.One lady has some property in her own name. she has three sons and two daughters. she's willing to give her property to her daughter because she only provides the accommodation to her. all of four against for this matter. what is procedure to transfer the property ?
Advocate M.Bhadra
(Expert) 31 August 2013
She can execute a registered Gift Deed in favour of her daughter during her life time and this is the best option.On the other hand she can left WILL but it may cause objection from sons and filing of probate case may take lengthy process of laws.
Section 122 in The Transfer Of Property Act. " Gift" defined.-" 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 donee, and accepted by or on behalf of the donee.
Rajendra K Goyal
(Expert) 31 August 2013
She can execute a registered will. If she want immediate transfer, she can execute gift deed.
