SC explains legal distinctions between Gift, Settlement and Will

N.P. Saseendran Vs N.P. Ponnamma & Ors. (Supreme Court of India)

The Supreme Court of India in N.P. Saseendran Vs N.P. Ponnamma & Ors. provided critical insights into the differences between a gift, settlement, and will. The ruling emphasized that the nomenclature of a legal document is immaterial; its legal nature is derived from its contents. A gift or settlement involves a transfer of interest during the lifetime of the executor (in praesenti), while a will postpones such transfer

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