Mr.A wants to transfer his immovable properties to his two children on conditions- 1. that it should not be sold or otherwise disposed off till the death of Mr.A and his wife & 2. the beneficiaries are bound to look after and take care of Mr. A and his wife. Whether such a Gift deed is valid? Whether there is any provision to take back the gifted property, in case of any default by the beneficiaries? Kindly let me know.
If you give the immovable properties on gift to someone with some condition, then it cannot be a gift. It can be considered as Will. Please refer Transfer of Properties Act, 1882 from the given below link. http://adb.org<link updated to site home> From India, Kumbakonam
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