RAVEEN SACHDEV (PROPRIETOR) 19 May 2012
sir
i humbly submit
M. A AND MRS.A ..co owners....are jointly holding shares in a flat in a co-op hsg.soc.They have appointed their married daughter as nominee. MR.A passes away. In whose name will the flat be transferred in society's records.
1.There is no will of MR. A
2. THERE IS WILL BY mr. A, WHO HAS WILLED THE POPERTY TO HIS WIFE.MRS.A
REGARDS AND THANKS
SACHDEV
S Jadhav 98336 98330 (Jadhav & Associates) 21 May 2012
The property is jointly owned and the shares of the person who is no more will be transferred to
the surviving joint tholder first and then the legal heirs or nominee after the death of all joint holders.
In both cases, the nominee is only a trustee of the property and the ownership will have to go to the legal heirs only. So even if the shares are transferred in the name of the nominee after the death of both jointholders, then alos the ownership will have to be trasnferred to the legal heirs who are the rightful owners. The nominee is only a person to whom the society can transfer the shares and the society will not have to get involved in leagl heirship issues.
S Jadhav
RAVEEN SACHDEV (PROPRIETOR) 21 May 2012
THANK YOU s.jadhav......for a clear and understandable reply.
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