What is a Gift Deed & How is it Different from a Will?” ππͺ π£️ Client Question: "Sir, I want to transfer my property to my daughter. Should I write a Will or execute a Gift Deed?" ✅ Answer: Great question! π§ A Gift Deed is a legal document that allows you to transfer ownership of a property or asset to someone out of love and affection — during your lifetime π. A Will , on the other hand, takes effect only after your demise ☠️⚖️. π Key Differences – Gift Deed vs Will: ✔️ Gift Deed = Immediate transfer ✅ ✔️ Will = Future transfer after death ⏳ ✔️ Gift Deed requires registration π️ ✔️ Will registration is optional (but advisable) π️ ✔️ Gift Deed cannot be revoked easily ❌ ✔️ Will can be changed anytime π π‘ Benefits of a Gift Deed: No confusion in succession ✅ Legally stronger and immediately effective πͺ Saves future family disputes π« Ideal for parents gifting property to children π‘ ✨#GiftDeed #WillVsGiftDeed #PropertyTransferIndia #Estate...
MISHRA AND MISHRA | +91-9051112233