THIS ASSIGNMENT is made the ________ day of __________
BETWEEN
_________________________________________________ (insert the name,
address, etc. of grantor ) (hereinafter called the grantor) of the ONE PART
AND
_______________________________________________ (insert the name, address,
etc. of donee) (hereinafter called the donee) of the OTHER PART.
WHEREAS: 1. Under and by virtue of the will dated etc. of E.F. deceased which was proved in
the _____________ Court at __________ on _______ etc. by __________ etc.
the Donee is entitled to receive during his lifetime the whole of the income of
the property subject to the trusts of the said will and the Grantor is absolutely
entitled to a (one half) share in the said property subject to the life interest
therein of the Donee.
2. The said (one half) share is represented by the investments specified in the
schedule hereto.
NOW THIS DEED (made in consideration of the natural love and affection of the
Grantor for the Donee) WITNESSES as follows:
1. THE GRANTOR HEREBY ASSIGNS AND RELEASES TO THE Donee
ALL THAT the right and interest in the said investments specified in the
schedule hereto to which he is entitled under and by virtue of the said will in
one undivided part of share of and in the immovable property of the Testator
AND also ALL THAT the right and interest to which he is entitled as aforesaid
to and in the like undivided part or share of and in the residuary movable
property and estate of the testator TO HOLD unto the Donee absolutely to the
intent that the life interest in so much of the property subject to the trusts of the
said will as is represented by the said investments may merge and be
extinguished in the reversion hereby assured and that the Donee may stand,
possessed of the said movable and immovable properties for her own absolute
use and benefit.

THE SCHEDULE OF PROPERTIES ABOVE REFERRED TO:
IN WITNESSES WHEREOF, etc.

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This is a reference draft reproduced for study and adaptation. Court rules, court fees and the correct forum vary with the facts and the value of the claim, so have the document checked and filed by an advocate. A defective application can be returned or dismissed even when the case itself is good.

Our Property & Registration team drafts and files these documents before the Calcutta High Court, city civil courts, magistrate, family and consumer courts in Kolkata. We draft, stamp and register property documents in Kolkata.

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Gift of Residuary Interest in Movable and Immovable

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