Let it be known to all men by these presents,
that I........................... son of ........................... resident
of........................... am co-sharer and co-owner of property more
precisely described in schedule hereto valued at present at
Rs............................
Whereas I have already executed a WILL in
favour of my wife........................... but in order to avoid any dispute
after my death I do hereby give away by this DEED of gift my share and
ownership in property described in the Schedule hereto to my
wife........................... subject however to the condition that she will
possess half of gifted property with power to make at her will any sort of
alienation like mortgage, sale or gift in respect thereof and for the rest she
shall possess the same as life owner without any power to alienate the same.
After death of my wife this half share shall revert back to my heirs with equal
shares and those heirs shall become the absolute owners of the shares. I have
delivered the possession of gifted property to my wife and from to-day I have
ceased to have any right on or claim over the gifted property.
In witness whereof the donor doth hereby sets
and subscribes his signature and delivers in the presence of the witnesses
on........................... day of ...........................
19...........................
Witnesses Donor
1............................ ...........................
2............................ Donee
...........................
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