Bharat Choudhary 22 February 2020

Family Settlement Deed

We are 2 brothers and 2 Sisters. i want to execute a family settlement deed for future to avoid any conflict in properties. Both self earned and ancestral properties are there. my sisters don't want any share in our property. they are saying to make their share 0 in deed and they will sign that deed. can we proceed for that. Any challenges can be made in future by their heirs or by them also?

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Bharat Choudhary 22 February 2020

Our parents are alive.

Adv Haresh Raichura (Advocate on Record) 23 February 2020

In immovable properties, rights of anyone cannot be given up or waived except by a Registered Deed.

You may have to pay stamp duty on value of rights which daughter are giving up.

An unregistered family settlement dead can raise disputes in future.

Shashi Dhara 23 February 2020

Let they relinquish their right thru release deed in sro.your parents consent is enough.

G.L.N. Prasad (Retired employee.) 23 February 2020

The best course should be getting the guidance from lOKADALAT/LEGAL SERVICES AUTHORITY. Once this settlement deed signed by all co-sharers gets the status of Award, it is very difficult to dispute it later.

Real Soul.... (LEGAL) 23 February 2020

It is better to let sisters execute relinqusihment deed.

Kishor Mehta (CEO) 23 February 2020

A family arrangement should be prepared should be executed by all members of the family should be properly stamped and duly registered for it to be valid.

Kishor Mehta (CEO) 23 February 2020

A family arrangement should be prepared should be executed by all members of the family should be properly stamped and duly registered for it to be valid.

Kishor Mehta (CEO) 23 February 2020

A family arrangement should be prepared should be executed by all members of the family should be properly stamped and duly registered for it to be valid.

Raj Kumar Makkad (Adv P & H High Court Chandigarh) 23 February 2020

Registered Relinquishment deed on the part of sisters is best option.

Dr J C Vashista (Advocate) 26 February 2020

Two different status of properties have been posted i.e., sef earned as well as ancestral, which one of the two is true ???

Dr J C Vashista (Advocate) 26 February 2020

It is advisable to consult and engage a local prudent lawyer for better appreciation of facts/ documents, professional guidance and necessary proceeding.

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