A Husband wants to WILL a 2 Bedroom Flat located at Ghaziabad. Property is in joint name of Husband and Wife.
Husband & Wife have taken Home Loan jointly against the above Property from HDFC Ltd. Husband is paying EMIs.How can an effective Will be made in this regard to give effect to the following:
In case of Husband's demise, the entire balance loan amount may be repaid from his various LIC Policies and other terminal benefits. And after Repayment, Husband wants to relinquish all the rights and ownership of the said
Property in favour of his elder brother.
Is is feasible to include such a clause in the WILL of the Husband when the property does not belong to him? And in case yes, what are the additional documents/deeds would be required to be drafted ?
