Will/probate
sweetboyzz
(Querist) 23 January 2014
This query is : Resolved
MOTHER IS THE SOLE OWNER OF THE PROPERTY(FLAT) IN CHS. SON AND DAUGHTER ARE THE ONLY TWO LEGAL HEIRS.
OPTION 1:MOTHER DOES NOT LEAVE A WILL
GIVES A NOMINATION IN SOCIETY IN SOLE NAME OF SON. AFTER MOTHER'S DEATH,SON DOES NOT WANT THE PROPERTY. CAN HE GIVE IT TO HIS SISTER. WILL THE SOCIETY OBJECT TO IT.
OPTION 2: MOTHER WILLS THE PROPERTY IN FAVOR OF DAUGHTER BUT GIVES A NOMINATION IN SOCIETY IN SOLE NAME OF SON. AFTER MOTHER'S DEATH, SON DOES NOT WANT THE PROPERTY. WILL THE SOCIETY OBJECT TO IT.
BOTH DAUGHTER AND SON ARE WELL OFF AND HAVE A VERY GOOD UNDERSTANDING. THEY DON'T WANT TO SPEND MONEY ON PROBATING THE WILL OR RELINQUISHMENT DEED AS IT IS QUIET COSTLY.
V R SHROFF
(Expert) 23 January 2014
Nominate both 50%
& also prepare WILL dividing 50% each
Or Gift deed 50% each ..
Raj Kumar Makkad
(Expert) 23 January 2014
This is purely an academic query. What is your relation with the given issues?
