Legal Question in Family Law in India

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Hello

Good Afternoon.

Gift deed is the instrument to bequeath a property as gift without any consideration at free will and on his/her own volition of the testator.

Whereas the Settlement may be or may not be for consideration of money or terms or conditions as the testator may reserve his/her life estate over the property as after his/her death only, the property can be enjoyed by the beneficiary or may be with any other conditions, which the testator may opt.

Re: help

Thanks for referring an interesting question of law involved in the matter. I had carefully gone into the facts narrated by you in your reference.

Gift deed is executed by the owner of property in favour of any body . In case of immovable property executant has to give vacate possession of the property to the person in whose fasvour gift deed is being executed.

On the other hand, in seettlement deed all the tems and clauses depends upon the consen agreement of the parties to settlement deed.

In case you find any difficulty, please don�t hasitate to recommunicate your problem.All possible assistance will be provided you.

Re: help

A gift deed is made by a donor in favour of a donee; whereas a settlement deed is executed between / amongst two or more parties on mutually acceptable terms in which all the parties usually give and take to arrive at a settlement.

Re: help

Pl state your query.