Legal Question in Wills and Trusts in India

sir

we r two brothers . my father is having a willed transfered property in his name. we have taken some loans from the bank keeping his property mortgage . now he is 75 years of age. we request the banker to transfer the loans in our individual names ,keeping him set aside seeing his age. but bank refuses this as they said that property is in his name and loan can not be transfered in our names. we would like to extend the loans in our individual capacity but banker is quoting that untill we will not have the asset in our name he cannot help us out. tell us the remedy so thatthe property as well as loans can be divided equally in our names. father is only intrested to keep my mother's intrest otherwise he agrees to any solution .by

kk


Asked on 11/04/13, 7:20 am

1 Answer from Attorneys
Rajiv Chandhok Ph: +919810050896 https://www.linkedin.com/in/rajiv-chandok-0827b733/

pay off and take another loan on separate property. this the only solution for your mother's interest. You may drop in a detailed query at [email protected]

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JSR/61113

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Answered on 11/06/13, 1:22 am


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