I have a property on my name with ongoing/active loan. This property was booked by me before my marraige. Because of lack of trust between my wife/in-laws and to prohibit my mother getting vacated from my house in any unfortunate event, I have decided to gift this property to my mother.
1) Can I execute the gift deed with active loan? Is it necessary to foreclose the property loan first ?
2) Do I need consent of my wife before doing this ? If we land up in divorce, can she claim anything on this property? (currently no legal dispute).
2) When I execute the gift deed, can I do some arrangement so that in case of my mother's demise property will come back to me instead of getting shared among my siblings ?
3) After I execute the gift deed to my mother, can my father claim share in this property from her ?
