Asset Transfer from Parent to Child: What's the Simplest Way to Handle It?

trbobby@gmail.com
My mother wants to transfer all her assets to my name. What is the best and easiest way to do so?
vmlakshminarayanan
Hi, what type of assets are movable or immovable?

Transfer of Property as a Gift
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.
aussiejohn
This is a forum for HR-related questions and discussions. Your question is better suited to be asked in the CiteLegal forum.
domain-experts
Hi, please check whether she wants to transfer movable or immovable assets and clarify whether the assets should be transferred during her lifetime or after her lifetime. There is an app called Yellow, a Will-making app that helps users list all their assets and distribute them to the people they wish under a Will. I found this app extremely helpful.
pvenu1953@gmail.com
Assets that are immovable can be transferred through a duly executed gift deed, except in the case of Muslims, where 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 can be revised, canceled, or revised at any time during the testator's lifetime; in the case of two wills, the latter one prevails. In certain cases, a will requires probate.

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