My mother wants to transfer all her assets to my name, what is the best and easiest way to do so?

My mother wants to transfer all her assets to my name, what is the best and easiest way to do so?

Hi,

What type of Assests movable or immovable?

The transfer of a property as a gift, has to be backed by a registered instrument or document, signed by or on behalf of the person gifting the property. The gift deed from father to son should also be attested by at least two eyewitnesses.

This is a forum for HR related questions and discussions.

Your question is better suited to be asked in the CiteLegal forum.

Hi,

Please do check whether she wants to transfer moveable or immovable assets? Also clarify whether the assets should be transferred during her lifetime or after her lifetime.

As there is an app called yellow. It is a Will making app which helps users list down all their assets and distribute it to the people they wish to under a Will. I found this app extremely helpful.

Assets that are immovable could be transferred through a duly executed gift deed. Except in case of Muslims, the deed needs to be registered.

Another option is bequeathing through a duly executed Will. Registration is not mandatory. However a Will takes effect only after the lifetime of the testator. Moreover, a Will could be revised or cancelled or revised at anytime during the testator's lifetime; in case of two Wills, the latter one prevails. In certain cases, a Will requires to be probated.

Gift as well as Will deeds are required to be attested at least by two witnesses.