Chithira Suresh 21 October 2020
Dr J C Vashista (Advocate) 21 October 2020
The son born out of divorced marriage has an equal share in the ancestral property of his father (your divorcee / remarried brother).
Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 21 October 2020
1. Brother may execute a Registered Gift Deed in favor of his minor Daughter and keep himself or his Second Wife as Guardian till child attains major age. The Gift Deed may contain a clause that Gift is Conditional and parents shall have Life-Long residing rights and Daughter cannot Sell /Gift /Mortgage property till parents are alive.
2. AFTER above divorced wife and their Son shall no right over such Gifted Property.
Keep Smiling .... Hemant Agarwal
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Chithira Suresh 21 October 2020
G.L.N. Prasad (Retired employee.) 21 October 2020
Specific nomination and a registered will is sufficient for stocks and mutual funds. As the child is minor, a guardian can be appointed. The will should state that the first child was separated from the family and through...............dt.settlement deed, he has received his share and these exclusively belong to second child alone.
P. Venu (Advocate) 21 October 2020
The spn, by the first marriage, is his legal heir and as such, he is entitled for a share in the property, if any, left intestate. So also, the said son is a coparcener in the ancestral property, if any.