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  Gift deeds are legal documents used to transfer ownership of property or assets from one person (the donor) to another (the donee) without any monetary exchange. While gift deeds can be a valuable tool for transferring assets, they come with their fair share of complexities and potential pitfalls. In this blog post, we'll explore the problems that can arise with gift deeds and provide insights into how to address them. Introduction to Gift Deeds Gift deeds , as the name suggests, allow individuals to gift their property or assets to others. While these deeds can be used for various reasons, including family inheritance planning and tax management, they can also lead to complications if not executed properly. Common Problems in Gift Deeds Lack of Legal Formalities: Gift deeds must adhere to specific legal formalities, including clear documentation, registration, and compliance with local laws. Failure to follow these formalities can render the gift deed void, leading to legal cha...

In India, name changes have become a common occurrence due to various reasons such as marriage, religious conversion , or personal choice. While changing one's name may seem like a simple process, it can have far-reaching effects, particularly when it comes to financial institutions and banking services. In this blog, we will explore the impact of name changes on individuals and financial institutions in India. Name Change Process In India The process of changing one's name in India involves a series of legal formalities, including obtaining a gazette notification or a deed poll. This legal documentation is crucial for updating official records, such as identification documents, bank accounts, and other financial instruments. Updating Bank Records For individuals, changing their name means updating their bank records accordingly. This process can be tedious and time-consuming, as it involves submitting the necessary documents and forms to the bank. The individual must also ens...