Legal Question in Real Estate Law in India
Flat was in the name of my father-in-law. He died in 2006, without leaving a will. Legal heirs are his wife, his son and his married daughter. I understand that all three would have a 1/3rd right in the property. I wan't to understand how this property can be jointly owned by all the three legal heirs. I don't want my wife to give a NOC or sign a deed of relinquishment in favour of her mother, since she may write a will and give the entire property to her son. We neither want to sell the flat today and divide the money in 1/3rd share. Kindly tell a way out so that my wife's 1/3rd share in the property is not compromised.
2 Answers from Attorneys
You do not need to do anything at present if you are not interested to change the situation. Otherwise, selling the property to apportion the shares may be a better option
Find out current market value and request other co-owners to purchase 1/3rd share.
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Hi, Hell I am Zuber Khan,My question is that ,My mother write a will in which he... Asked 10/18/11, 10:47 am in India Real Estate and Real Property
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