Dear Experts,
My father had a house in his name. He died without any WILL. For our parents, we are 3 children - 2 males ( both are unmarried) and 1 female (married -long back in 1975). The sister has 4 daughters.
So when we tried to transfer the home to our mother's name, legal requirements included the signatures(consent) of all 3 children. Finally we got it officially transferred to her name.
Now our mother also expired due to sudden illness. So the home is officially still under her name. So legally all 3 children have equal rights (1/3). Wrt sister, I believe that she can't just gift away the rights in our (my brother and myself) as it a inherited property. She would require the consent of all her 4 daughters.
The complexity is due to the mental illness of the eldest male (57 years old - unmarried - suffering from Chronic Schizophrenia for more than 25 years and declared as 80% disabled by government doctors). He has addictions to smoking and uncontrollable and so has been placed in residential medical center after the death of my mother. Almost all medical experts have opined that he needs residential treatment till the end.
I (as his younger brother) am trying to get a legal guardianship of him, for benefits like family pension continuation (my father was a government pensioner and family pension was allotted to mother after his death). I am bearing all the treatment costs of him.
Regarding the division of our single home, how does the legal guardianship affect? If we intend to sell the home, what happens to money wrt the 1/3rd proportion of mentally ill person? Is it mandatory to keep it under a FD till his death?
Lawyers suggested to get a joint ownership for all 3 children ( including mentally ill person). That would immediately give me the rights to write WILL for my 1/3rd portion. Else, in case of any unexpected death of myself, can endanger my brother's remaining life and ultimately (after my brother's death) 100% of property would go to sister/her family.
Personally, if I decide to remain a bachelor, I would prefer to write a WILL to donate all my savings/property for social causes.
Please clarify and elaborate on steps that are possible to take.
Regards,
Harsha Vardhana R