My father recently passed away. No Will. He and my mother jointly owned two flats (documents do not specify what type of joint ownership). Legally, I understand that she automatically inherits the two flats (one occupied by her and one by my married sister, rent-free).
My questions are:
1. What specific actions do we have to do to get both property documents to show just her name in case of future sale, etc. I'd like specifics such as visit Tashildar office and fill out form 123, etc. There's nothing on the Internet about this.
2. I understand that settlement is the best way to go to transfer property in Chennai (reduced stamp paper, avoid probate, bribes, etc). My mother would like for my sister and I to share the property equally after her. However, one of the properties is 20-25% more valuable than the other. Can she now settle BOTH properties JOINTLY on my sister and I? My sister and I will resolve the valuation and sharing issue after my mother's lifetime.
3. Can my mother's settlement contain clauses for revocability? I understand there is some protection under the Senior citizen's Act but I'd like for her to have the right to sell her property in case she needs the money for medical expenses during her lifetime, etc. ALTERNATIVELY, could we create a settlement deed (once question 2 is resolved) and not register it during her lifetime but register it after her time.
I do not have a lawyer and will get one once I have an understanding of the above issues.
Thanks in advance!
