Dear All,
My grandmother had an ancestral property which was transferred to my dad's youngest sister.
Now after the death of my grandmother the property is in the name of my aunt. My grandmother had 7 children.
Out of that 3 are not alive and rest 5 are there. Now the question is what is to be done with the property as my aunt is the owner.
We intend to keep the property for this generation. What is the best way that my aunt could do :
1. Will
2. Settlement Deed
3. Relinquishment deed
The plan is to write off a will in the name of grandchildren ( we are 9 of us). So will that be good to write it in the name of 9 from a selling point of view at a later stage ?
What if we 9 of us, decide on a common person to hold the Power of Attorney for property related issues ?
What will be the consequence if any one among 9 of us are not alive when we intend to sell the property ?
Please do advise me on the possible solution.
