Use cases where Gift deed, will or Relinquishment deed can be used. Guardianship for Minors. Charitable Bequests
Case |
Gift Deed |
Will |
Relinquishment Deed
|
Guardianship for Minors |
No |
Yes |
No |
Charitable Bequests |
No |
Yes |
No |
Co-Ownership Arrangements |
No |
No |
Yes |
|
Division of Inherited Property |
No |
No |
Yes |
|
Removal of Legal Rights |
No |
No |
Yes |
|
Property Settlements |
No |
No |
Yes |
|
Executed During Lifetime |
Yes |
Yes |
Yes |
|
Takes Effect After Death |
No |
Yes |
No |
|
Involves Monetary Exchange |
No |
No |
No |
Also Read: Procedure for Registering a Relinquishment Deed