All perfect praise be to Allaah, The Lord of the Worlds. I testify that there is none worthy of worship except Allaah, and that Muhammad is His slave and Messenger.
If a father gifts part of his money to his daughters willingly while he is healthy, and they possess this gift while he is still alive, then this is a permissible and a religiously acceptable gift. However, it is more appropriate that this gift be registered and authenticated so that no one would object about this issue after the death of their father.
It is permissible for a wife to ask her husband to do so, but the husband is not obliged to accept. In addition to this, if the father gives something to his daughters to be owned by them during his life while they are adults, then they do not really own what their father donated to them unless they really possess it before he dies. However, if they are not adults, then it is not necessary for them to own the money in order to be considered having possessed it, as it is their guardian –who is the father– who donated that to them, and he may keep the money for them. Ibn Qudaamah said: “If a father gifts something to his young son, it is permissible for him to act on his behalf (by proxy) [as he is the father and the son is not yet pubescent].”
Finally, it should be noted that if this man has other daughters or sons, he is obliged to be just between them (by gifting them equally) as discussed in Fatwa 82107.