Legal Question in Wills and Trusts in India
property dilemma
hi,i mr arora am a resident of mumbai.i have an indian born sister who is in uk & has uk citizenship.my father expired 10 yrs back leaving no will,only a simple blank paper with his signature. my mother wants to give the property to me.i understand as per indian laws my sister is entitled to 50% property.what can be done so as to avoid losing it, since my mother is keen to give the entire property to me.also i have read somewhere that my mom can gift the property to me.in that case will any taxes apply.also i would like to know whether the will carries an expiry ,say valid for 5-10 years.thanks, mr arora
1 Answer from Attorneys
Re: property dilemma
According to me you your mom and sister are only three who are 1/3rd owners of the property . Fiarly see if your sister is ready to release her share to you if yes you can get ur 1/3rd moms 1/3rd and by release from sister 1/3rd share and would thus become full owner. Don't thing of committing fraud
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