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Malav Shah (Company Secretary)     07 August 2009

Can a property be nominated to a relative?

Dear Professional friends

Need guidance on this:
Facts: A house property is owned by A. He has 5 children say B, C, D, E & F. He wants to nominate this property in favour of B only.
Question:
1)      Can he nominate any one child just by giving a nomination letter to the Society or a will is compulsorily required?
2)      If answer to above is yes, whether A has to take No objection letters from other children to nominate B for the property?
Regards
Malav


Learning

 1 Replies

R.R. KRISHNAA (Legal Manager)     07 August 2009

A settlement deed is simple enough to settle the house property in favour of one child compared to a will.  However it is wise to obtain the no objection letter from other children also to avoid future complications. 


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