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hemant (CA)     20 May 2011

Inherited family property partition

Respected experts

please help and guide me in the following matter

Brief details of matter:

Property belong to say X  having 2 son say Y and Z and X died without doing any property will.

Now in property card name of X is cancelled and name of Y and Z entered as legal hiers.

Now Z also died and his family name taken in property card as legal hiers of Z.

 

Now this property need to part with Y and family members of Z in ratio of 1:1 (50% share to Y and balance 50% share to family members of Z) is it ok??

Second for doing this i wan to do which procedure.

I need format for this (memorandum of understanding format mentionining property partition between Y and family members of Z)  please provide the same.

Is there any othrer legal requirement for this ??

 

Please guide me in the matter

Its very urgent please reply as early as possible.

Thanks in advance

 

 



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