1081

Form No. 8
Release of a Life Estate
DEED OF RELEASE is made at ... this ... day of ... between Mr. A resid-
ing at ... hereinafter referred to as The Releasor of the One Part and Mr.
B residing at ... hereinafter referred to as The Releasee of the Other Part.
WHEREAS -
1 By a Deed of Trust dated the ... day of ... made by and between the
Mr. X therein called the Settlor of the One Part and (1) Y and (Z) therein
called the Trustees of the Other Part and registered under Sr. No... at Book
No... at the Office of the Sub Registrar at ... the said Settlor granted unto
the Trustees his immoveable property described in the Schedule thereunder
written (being the same as described in the Schedule hereunder written)
To Hold the same unto the said Trustees upon the trust namely that the
net income of the property shall be paid to his wife the Releasor, during
her life time and until her death and on her death the said property shall
be transferred to the Releasee absolutely and thereupon the trust will
come to an end.
2 The Releasor desires to surrender her life interest in the said prop-
erty created by the said Deed of Trust for several considerations moving
unto her and on her doing so the said Trustees have agreed to transfer
the said property to the Releasee.
NOW THIS DEED WITNESSETH that in the premises aforesaid, the
Releasor hereby surrenders and assigns all that the life interest of the
Releasor in the said property described in the Schedule hereunder written,
created by the hereinbefore Deed of Trust as aforestated and the income
therefrom, to the intent that such interest and claim shall merge and be
extinguished and that her entire interest in such property as beneficiary
or otherwise shall become immediately vested in title and possession of
the Releasee.
IN WITNESS WHEREOF the Releasor has put her hand the day and
year first hereinabove written.
THE SCHEDULE ABOVE REFERRED TO
x x x x
Signed and delivered by the )
withinnamed Releasor ... )
in the presence of ... ... )
Note : This Deed will be required to be registered. For Stamp Duty see Preliminary
Notes.
Stamp Duty, eStamping & Registration : See the Indian Stamp Act, 1899 (2 of
1899), Rates of Stamp Duty in various States, eStamping and Compulsorily & Option-
ally Registrable Documents under the Registration Act, 1908 (16 of 1908), with offcial
websites, in respective later Part/Chapters on Stamp Duty, eStamping & Registration
of Deeds & Documents.