Property owners often struggle to decide between a gift deed and a will for transferring property. Understanding the difference between gift deed vs will in India helps avoid disputes and ensures smooth transfer.
What Is a Gift Deed?
A will specifies how property will be distributed after the owner’s death.
Gift Deed vs Will: Key Differences
| Aspect | Gift Deed | Will |
|---|---|---|
| Transfer timing | Immediate | After death |
| Registration | Mandatory | Optional |
| Revocation | Difficult | Easy |
| Stamp duty | Applicable | Not applicable |
Which Is Better for Property Transfer?
Use gift deed for immediate, irrevocable transfer
Use will for flexible estate planning
Conclusion
Choosing the right method depends on your intent and family situation.
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