Gift property in lifetime

Hi,

If the property is mentioned in the will that is to be transfered to you.. then the title and rights of the property shall be transfered in your name after the death of your father and not before his death.

If your father is willing to transfer the property in your name before his death, then he can execute a gift deed for the same. Executing Gift deed in blood relations is not so expensive.

Adv. Yogen P. Kakade

Jurycon Incorporation

Advocates & Consultants
Email: juryconincorporation@gmail.com
Web: www.juryconn.in  

It is felt that similar query has been discussed.

The gift between father and son may be exempted from duty, in Maharashtra. Inquire from SRO.

You may check as per your faith/personal laws applicable to you  e.g Hindu/Muslim/Christian......... and Sub Sects if there is a limitation on % of estate than can be given in gift.