Gift deed
Aleen
(Querist) 09 January 2014
This query is : Resolved
I have a property in Alappuzha area of Kerala.Can I gift this property to someone else, who is not a blood relative to me.
ajay sethi
(Expert) 09 January 2014
yes you can do so by gift deed duly stamped and regd
Aleen
(Querist) 09 January 2014
iam from Kochi, Kerala.My Freind's husband was deseased on Aug 2013."They are Christians".He has a Bank Account with SBI having balance more than 2 Lks,but no nominee.Also some insurance with Kotak Mahendra,nominee is his Mother,but wife not willing to transfer insurance amount to mother's a/c,so wife give 'STAY' against transfer.They have a daughter having only 4 months age. His Mother alive, but Father was died on Nov 2012.Wife doesnot wish to transfer any amount to her Mother-in Law,so pls advice How Wife trfr the said amount to her avccount? Also pls advice whatever legal/necessary certificates /documents should she keep for further purpose like sharing Property,Daughter's education, financial help from govt as a widow etc...Pls advice
ajay sethi
(Expert) 09 January 2014
on death of husband his wife , daughter and mother are legal heirs to his moveable and immovable property.
since husband did not make any nomination bank wont transfer funds in your name unless you obtain NOC from other legal heirs . bank will also ask for indemnity bond . contact branch manager for details .
for insurance since mother was nominee kotak mahindra will furnish proceeds of policy to the mother
R.K Nanda
(Expert) 09 January 2014
nothing to add more.
Rajendra K Goyal
(Expert) 09 January 2014
Agree with the advise of expert ajay sethi ji. The legal heirs should join and get the proceeds otherwise it would remain as such due to litigation.
Devajyoti Barman
(Expert) 09 January 2014
You can gift your self earned to any one you choose. if the donee is your close blood relation then stamp duty is negligible.
