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Gift By Lady To Her Minor Grand Sons - Legal Draft

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Category : Agreements Gift

Let it be Known to

All that I, Mrs aged about .w/o.r/o.do hereby on

this.day of declare as follows:Whereas the

executant, having an account with .., Bank and also having a Credit balance

of Rs in her account has withdrawn a sum of Rs. of which she is

anxious to make a gift to her minor grandson .s/or/o.which is

acceptable by the father of the minor grandson acting as his natural guardian.The Declaration Therefore

Witnesses As Follows :1. That I have gifted

the sum of Rs out of love and natural affection for my grandson, desiring

that he should be brought up in a dignified manner and according to the status

of the family in which he is born.2. That I also

declare that the gifted amount is irrevocable property of the minor grandson

without any kind of benefit reserved for the executant.3. That the gifted

amount has been accepted by the father of the said grandson, Sri.4. That the income

accruing to the minor out of the gifted amount by way of interest, profit and

otherwise shall be the exclusive income of the said minor grandson in which the

donees father or mother shall have no interest.IN WITNESS WHEREOF, I

have signed this declaration on the day, month and year first above mentioned.Sd/-Donor..Witnesses :1. .. Accepted2. .. Sd/-

Father of minor


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