My wife passed away intestate leaving behind a flat in Mumbai. There are a couple of savings a/c on her own name. Also, there is a housing loan still outstanding on her flat. EMI of the flat is going from one of her savings a/c as of now.
She is survived by me and my minor son aged 6. We have applied for Letter of Administration at hon'ble bombay high court before 9 months. My lawyer says that the court may keep my son's part of the flat with itself. What does it mean? My son's part of the amount from savings a/c will have to be made as FDs. Wanted to know expert's views on this.
My concern is about the outstanding housing loan on the flat. I will have to take it on my name?
