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Gift To Son - Legal Draft

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Category : Agreements Gift

This

Deed of Gift is made on.day ofbetween Mr

s/or/o.(hereinafter called the Donor) and

Mrs/o..r/o(hereinafter called the Donee).Whereas

the donor is an old man of years of age, having a wife, one son (the donee)

and one daughter.Whereas

the donor has married his daughter Mrs.to

Mr.s/o..r/o.belonging to a well off family owning large

chinks of property and as such she has sufficient means of livelihood is being

looked after by her husband in a dignified manner.Whereas

the donor has already taken care of the maintenance and livelihood of his wife

Smtvide gift deed dated.and .executed by the donor bestowing upon his

wife one house at .City..and two shops numbering ..situated at

CityWhereas

the donor apprehends some property disputes among his wife and children after

his death, hence the donor is desirous to execute a gift deed in respect of his

house situated at .more precisely described in the schedule annexed hereto,

in favour of his son (the donee).Now

This Deed of Gift Witnesses As Follows:1.

That the donor does, hereby, out of his natural love and affection for his only

son, of his free will and without any force, compulsion or undue influence and

with a keen desire to see the donee settled and well established in his life,

grant, convey and transfer by way of gift to the donee his one bungalow and

three Flour Mills (Particulars of which are precisely stated in the schedule

annexed hereto). To hold the same unto the said donee and his successors or

heirs absolutely and fore ever.2.

That the value of the property, described in the schedule, at present, is Rs3.

That the donee accepts the gift and takes the delivery of the possession of the

entire property so mentioned in the schedule thereto.4.

In proof whereof the donor/executant puts his signature to this deed of gift on

the day, month and year first above noted.ScheduleSd/-Donor.Sd/-DoneeWitnesses

:1.

..2.

..


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