Legal Question in Real Estate Law in India
i have property registered on my and may wife (house wife -no income of her) name jointly which was purchase from only my source of income.
on death of my wife is there any share of my major married childrens in portion of my wife?
or there is only my share on portion of my wife's share??
please give any referance court decision details (if any available)
3 Answers from Attorneys
Whether you have funded the purchase of the property for your wife but still is your wife is the absolute owner of the property and after her demise and id she dies intestate ,all the legal heirs becomes the equal owner of her property .And you would be one of them.
Yes your wife has 50% share which will devolve upon all the legal heirs of your wife like husband, son and daughter. It is better to get a release deed in your favour from your wife if she is alive.
Share of your wife will be governed by the law of succession governing her.
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