What is the difference between Settlement Deed and Gift Deed?
My Aunty [wife's mother] is living in our home town, but we are living in an another state. Aunty wanted to GIFT her home to my wife.
As per earlier post in this [Property] forum "Receiver acceptance is mandatory for Gift Deed".
We both [Myself and Wife] cannot travel together because of children's studies.
Our plan was to prepare a Gift Deed when I [alone] visit to our home town.
It can be signed and completed upon my wife's home town visit [after couple of weeks].
When I discussed about this with a "Document Writer" he suggested to prepare a SETTLEMENT DEED.
He told us that it doesn't require receiver's acceptance or signature. Only the donor and two witness will be enough and the Setllement Deed will be non-revokable.
Is the above suggestion true?
