Legal Question in Family Law in India

Hi,

Me and my sister would like to be a joint owner of our house in Mumbai, India. It's currently in her name. We would like to have equal ownership rights. Also we would like to have minimal tax liabilities when we do so. Also at the same time when we become joint owners of this property can we name our kids as rightful heirs(my part for my kid and her part for her kid) to the property.


Asked on 8/09/09, 1:43 am

5 Answers from Attorneys
Vishwa Arya Arya & Co.

Yes you may do so.

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Answered on 8/09/09, 3:44 am
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

yes, there is no legal impediment in that provided the house was bought by your sister out of her own funds and it is not a joint family property.

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Answered on 8/09/09, 4:29 am
KAMAL GROVER

Yes you can do. If you want assistance of our team then our team in Mumbai can also perform your task.

Your further clarification is welcome at;

[email protected]

Advocate

CHANDIGARH (INDIA)

With Regards

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Answered on 8/09/09, 8:23 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Yes, you may execute a family settlement containing all the terms mentioned by you.

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Answered on 8/09/09, 9:47 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Yes that is possible

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Answered on 8/10/09, 8:54 am


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