GPA
6 months ago
In GPA if specific property mention and authorise to withdraw my(principal) holder name and add my brother names as a gift is it possible
A.Dear Client
If the GPA specifically mentions the property and authorizes the withdrawal of the principal holder's name and the addition of your brother's name as a gift, it is crucial to ensure that the document is legally valid and complies with the property laws in your jurisdiction. The legality of such an action depends on various factors, including local property laws, the nature of the property, and the specific terms outlined in the GPA.
If the GPA specifically mentions the property and authorizes the withdrawal of the principal holder's name and the addition of your brother's name as a gift, it is crucial to ensure that the document is legally valid and complies with the property laws in your jurisdiction. The legality of such an action depends on various factors, including local property laws, the nature of the property, and the specific terms outlined in the GPA.
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A.Dear Client,
Your query requires more details to respond properly. However, it may be noted that a GPA is an authority given by the principal to an agent/attorney to do some acts on behalf of him. Therefore, to execute the gift deed, the principal's specific authority and name and details of both the donor and donee are required and in the absence of such specific authority and details of the donor and donee, the GPA holder can not execute the gift deed
Your query requires more details to respond properly. However, it may be noted that a GPA is an authority given by the principal to an agent/attorney to do some acts on behalf of him. Therefore, to execute the gift deed, the principal's specific authority and name and details of both the donor and donee are required and in the absence of such specific authority and details of the donor and donee, the GPA holder can not execute the gift deed
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