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Karthik R   04 November 2024

Dhana settlement(deed)

I am planning to buy the property from my mother-in-laws. They were saying that we can do the Dhana settlement(deed) to transfer to my wife as they are the blood relations. My wife has yonger sister, she is ready to sign for witness. Is it safe to go for that? Eventhough I am going to pay them, they are suggesting to get as dhana settlement. Will it be a problem in future? Is it legal? What are the norms I need to follow to be on the safer side? My in-laws have some more properly. will I get equal share?



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 2 Replies

P. Venu (Advocate)     04 November 2024

Your in-laws, during their lifetime,  can dispose of their property at their discretion. Your wife is a legal heir to the property,  if any, left intestate their lifetime irrespective of the property, if any, conveyed to her earlier.

kavksatyanarayana (subregistrar/supdt.(retired))     04 November 2024

If you are paying consideration for the property you have to go for a sale deed which is the best.  Otherwise, if the property as their own, they can gift some property to your wife without consideration(price amount).


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