Essential Requirements To Complete Gift Deeds Under Transfer Of Property Act Would Also Apply To Settlement Deeds: Kerala High Court

Kerala HC: Essentials of Gift Deed Also Apply to Settlement Deeds The Kerala High Court clarified that the fundamental requirements for a 'gift deed' under the Transfer of Property Act also apply to 'settlement deeds' in certain contexts. The court elucidated that for a settlement deed to be valid, it must meet the essential conditions of a gift, such as voluntariness, absence of consideration, and proper acceptance by the donee. This ruling provides crucial clarity on the legal nature and validity of settlement deeds, ensuring that property transfers through such instruments adhere to established legal principles.