Gifts to relatives, as defined under the Income Tax Act, 1961, are exempt from tax under Section 56(2)(x). Property inherited through a will is also not taxed ...

Families often assume a will is the only way to pass property to children, but some parents prefer transferring assets during ...

The question presented in Aaron v. Fisher et al: Did mineral deeds bestow separate property upon the grantees by gift, or did they convey a community property interest to the grantees and their ...

Possession is nine-tenths (9/10) of the law. You hear it all the time, but what does it mean? Is it true that possessing something is really an indication that you own it? Like most legal questions, ...