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