Creating Life Estate For The Maintenance Of The Daughter In Law By Way Of Gift Legal Draft Template
| Category | Agreements Family Law |
| Format | |
| File name | Creating Life Estate for the Maintenance of the Daughter In - Law by Way of Gift |
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I...............
s/o .................... r/o............... am the owner in possession of House
No................. situated at ..........................As
I am not keep well, and have attained old age and visualize property dispute
after my death and as I am desirous to make some arrangement for the
maintenance of my widow daughter-in-law Smt.............. W/o Late
Sri............. R/o.............I
hereby, out of my natural love and affection and also out of my free will and
without force, compulsion or undue influence, make a gift of the entire
above-noted premises in favor of my daughter-in-law for her lifetime. She shall
exercise all rights in respect thereof and avail of all interest in respect
therein during her lifetime. After the death of the said widowed daughter-in
law of mine, the entire property gifted away by this document shall revert to
my heirs in equal shares, I have put my widow daughter-in-law in possession of
the said house gifted to her and therefore from today I have ceased to possess
any right or claim in respect of the gifted property. I also state that the
life estate created in Smt-------------- stands revoked if she re-marries and
will then invest in the favor of my grandson Mr.-------s/o
late------------r/o................IN
WITNESS WHEREOF I have signed this gift deed on ............... at...........Signed
by the Donor.............In
presence of Witnesses:1.................2................