ankur (Consultant) 07 June 2019
Adv Rohit Dalmia 9324538481 (Lawyer) 09 June 2019
Hello Ankur!
If your parents wish to transfer flat to you by way of will, then it might prove to be expensive incase in the state where the property situated is having mandatory to probate the will. For eg. in Maharashra, probate of will at High Court is Manadatory for any property situated in the State of Maharashtra. Thus, it is time consuming and expensive too.
If your parents can transfer the flat by way of Gift Deed, then it would be less time consuming and might be cheap too as stamp duty is less on any gift deed when gifted by father to his children.
Regards
Adv. Rohit Dalmia
9324538481