Bare ActsThe Goa Succession, Special Notaries and Inventory Proceeding Act, 2012

Section 102

Family arrangement

Amendment status not verified — confirm the current text below against the official source.

Family arrangement.— A gift inter vivos by a married couple, with or without the reservation of usufruct and with the written consent of all the presumed forced heirs, of their assets or a part thereof to any one or more of the presumed forced heirs, where the donees compensate or undertake to compensate the presumed forced heirs of their future mandatory share, is valid and shall not be deemed to be a contractual succession. Any change in the value of the assets at the time of the opening of the inheritance shall, in these cases, be irrelevant. The owelty money, if not paid immediately, shall carry interest at the rate of 8% per annum.

Section 102 – The Goa Succession, Special Notaries and Inventory Proceeding Act, 2012 | DailyLaw.ai