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Raj Kumar (Owner)     05 April 2013

Deed of family arrangement

Hello,

    Me, my brother and my mother are the legal heirs of my deceased Father who died intestate. All three of us have agreed for a family settlement verbally. But, we would like to make a Deed of family settlement to avoid future hassles. The assets of my father included property  and money in the bank. Is this the right way to do it ?

Also, it i am ocnfused that to make this deed legal, signing it in presence of a notary  is enough  ? or should it be Registered and stamp duty be paid ??  if true then can someone guide me with

how much is the stamp duty and registration costs for such a deed  in maharashtra ?

is it a fixed percentage or does it depend on the value of my fathers assets?

 

thank You

R.Kumar



Learning

 3 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     05 April 2013

Your father death certificate to be  submit in the bank for mony. It will be transferred to Nominee name as per bank records. For other properties like immovable properties, you have to take succession certificate from the civil court for transfer of title from your father name

adv. rajeev ( rajoo ) (practicing advocate)     05 April 2013

It is mandatory to register the deed with the sub registrar.  Before notary is not advisable.

Advocate Bhartesh goyal (advocate)     05 April 2013

Registration of Family settlement is compulsory with sub registrar.Stamp duty and regisration fee differs from state to state.


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