Rights of Joint Holder

Ashok Monga (Querist) 08 July 2016 This query is : Resolved
In a property, A & B are the joint holders. A has acquired the property though his salary and other taxable earnings. The joint holder 'B' was added for emotional and natural love and has not made any contribution towards acquisition. In my personal opinion, Joint holder 'A' can legally appoint a nominee solely. However, the ownership of the property would transfer to 'A' in the event of demise of 'B'.

Follow Query

Report Abuse

Ashok Monga (Querist) 08 July 2016
Correction:

The Ownership of the property would transfer to 'B' in the event of demise of 'A'.

Kumar Doab (Expert) 08 July 2016
Generically speaking ; Both are equal owners. The property shall devolve upon successors in case of death of an owner.

If possible let B relinquish his/her share by a valid and registered relinquishment deed.

Rajendra K Goyal (Expert) 08 July 2016
Please state clear and material facts.

Property is in the name of both and both are owners of it.

R.K Nanda (Expert) 08 July 2016
State facts clearly .

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries