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Nikhil SHETTY   09 April 2021

Transfer of amount

My grand mother want to transfer 2lakh to my account as per her wish
Here there childrens are objecting to her and they are telling, they are going to file a case on me.
Some one please suggest me how to deal with this?


Learning

 4 Replies

G.L.N. Prasad (Retired employee.)     10 April 2021

Accept such as gift and get such document from her so that her children may not raise the plea that it is a loan in future.   Let them file a case and then defend your stand through a competent advocate.  It is not easy to file and follow up such cases in a court of law.

Nikhil SHETTY   10 April 2021

will it lead to legal complication if not gift document is not prepared and received from her from there children's?

G.L.N. Prasad (Retired employee.)     10 April 2021

When certain things are anticipated, one should insulate himself against all probable risks.  A mere written statement or through a letter stating to the donee from donor that out of love and affection, the donor has sent Rs.2 lakhs or gifted that amount for the welfare of donee and his family is sufficient.

Nikhil SHETTY   10 April 2021

Thanks for your advice sir

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