balasubramanyam (practice) 09 August 2019

transfer of property

A executed registered will with regard to his self acquired property creating life interest in favour of B and on death of B, C would take the property absolutely.
After the death of A are B and C together entitled to mortgage that property to others.

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2 Replies

Shashi Dhara 09 August 2019

First A dies will becomes enforced and B get life interest over it after B dies the C gets title over the willed property.then afterwards he has right to create charge over the property.

G.L.N. Prasad (Retired employee.) 10 August 2019

Everything upon title deeds in the name of C. After getting a clear title supported by mutation and tax paid receipts there is nothing that bars C to mortgage or sell the property in his own name.