Hi Lawyers,
My mother owned a single property and a house in the property.
I have 1 sister (widow) and she has 3 kids (adults)
My mother expired intestate and now my sister and her kids want to gift their rights of their property share from my mothers property and make me the owner of the property.
3 questions:
- Will the Gift deed be valid/legal because the property is in the name of my mother. And I read somewhere that to proceed with a gift deed the property should be in the name of the individual who makes the gift. Should the property be in he name of my sister and her kids or can they directly proceed with the gift deed?
- Can my sister and her kids sign a single gift deed in my favor to transfer their rights/share?
- Because 50% of the property belongs to my sister and her kids, will the stamp duty be calculated on the market value of the entire property or only the 50% of the property share that belongs to them.
I need your expert advice. Please help me.
Thanks!
John