Property purchased jointly.

Maitri Gda (Querist) 11 August 2011 This query is : Resolved
Husband & Wife had purchased property jointly. the fisrt name in agreement is of wife & second name of Husband. The Payment is shown from Wife name & Payment amount of Husband is shown in books as Loan to Wife. What if wife dies wether Husband can have rights on the property?

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ajay sethi (Expert) 11 August 2011
1)well if property is purchased jointly both are coowners of property .
2) in case of death of one co owner property will devolve on his /her legal heirs.
3)have will made wherein on death of one of co owner property will be inherited by other co owner .

M/s. Y-not legal services (Expert) 11 August 2011
rightly advised by mr.shethi.. i agree with him.

Raj Kumar Makkad (Expert) 11 August 2011
I agree with sethi.

R.venkatesh Naidu (Expert) 14 August 2011
i also agree with sethi

prabhakar singh (Expert) 14 August 2011
i opine expressly Mr. sethi is right

Maitri Gda (Querist) 16 August 2011
but Society is issuing maintainance bill on first name & issue share certificate on first name. Wether it is legally right?

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