Dear Respected Experts,
We were in family business (Real Brothers) since long time and just now all of us have divided business, property (shops), cash mutually.
i have been allocated with the 1 pagdi system shop, currently that shop is on the name of my eldest brother.
Now our concern here is if i transfer that on my name then shop owner will ask for 50% of the profit even though that is just the internal family name transfer.
I need suggestion from all respected experts to choose one of the following option if valid.
- Transfer the flat on my name and pay 50% profit to owner.
- Make a probated WILL from eldest brother so, it will get transferred on my name in case of any mishap to him.
I am not sure if the Probated WILL works in case of pagdi properties as well.
Also just to add, i cannot keep those flat on elder brothers name since he is very aged and i don't have faith on his any of the family member (Wife, Sons).
Requesting to suggest the best way out. Thank you all in advance!!!
