The process of transferring property from an aunt to a nephew can be done in several ways. One way is through gifting, selling, or changing ownership shares. It is important to draft a gift deed with the help of a lawyer to ensure a legal transfer of the gift. The deed should describe what is being transferred, who is transferring the property, and to whom. Please note that minors are not eligible to form contracts; therefore, they cannot transfer property as a gift. If a donor is a minor, the gift deed is not valid and becomes void. In the case of donee being a minor, a natural guardian can accept a gift on his behalf. The guardian acts as a manager of the gifted property.
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What is the process of property transfer from Aunt to Nephew?
spradhan01
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2023-11-24T10:20:02+00:00 2023-11-24T10:20:02+00:00Comment
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