ನಿಮ್ಮ ಆಸ್ತಿಯ ಡೀಡ್ ರದ್ದು! | ದಾನ ಪತ್ರ ಮತ್ತು ಕ್ರಯ ಪತ್ರ ಹೇಗೆ ಚಾಲೆಂಜ್ ಆಗುತ್ತದೆ?

A deed of gift is a legal document used to transfer property ownership from one person (the donor) to another (the donee) without any monetary exchange. It is a voluntary act and can be used for both movable and immovable property. For a gift deed to be legally valid, it often requires the signature of both parties and two witnesses, and must be registered with the relevant authorities, especially for immovable property.
Key characteristics of a gift deed
Voluntary transfer: The transfer of property is done freely and without any coercion.
No monetary exchange: The donor does not receive any payment or consideration in return for the gift.
Legal proof of ownership: The deed serves as official proof that ownership has been transferred, protecting both the donor and donee.
Estate planning: It can be used to transfer assets during one's lifetime, providing an alternative to a will.
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