MEANINGTransfer of death deed means when the owner of the property transfers his ownership of estate to whom he wants to transfer at the owner’s death. It is a method for avoiding probate of real estate when the owner does not need the tax benefits of a trust.These deeds are governed by State laws.REVOCATIONThe beneficiary […]
Partition of a property is an act of dividing up a concurrent land into separate portions representing the proportionate interests of the renters either by a court order or otherwise.In India, there are two modes of transferring a property. They are: Voluntary Transfer Involuntary Transfer In the voluntary transfer of property, the owner will divide […]
A Succession Certificate is a document that is granted by a civil court to the legal heirs of a deceased who dies without leaving a will. It is granted by the court to realize the debts and securities of the deceased. In the case of Muthia vs Ramnatham,[1] , it was held that the privilege […]
Ever since the beginning of time, the property is deemed to be a mark of high economic status. Numerous displays of family disputes over property in movies and novels, only go on to prove this point. The partition of property amongst family members may be:Contested – In this case, a lawsuit may be filed in […]
In India the culture of leaving behind property as the responsibility of caretakers is an ongoing culture, especially in the case of NRI’s due to their living outside of the country for long durations. However, property possession is nine tenths of the law and that is something that provides for great merit in rightful claim […]
Succession is a matter of right and a necessity as well. Every person will have to renounce the world once and with that, all the legal rights and obligations of the person are dissolved and passed to someone else. In India, succession comes under personal laws which are based on religion. Hence, the law of […]
Land and abandoned houses in India are most vulnerable to encroachment. A land in India is usually purchased for investment and then is left unattended which is why it becomes an easier target. Houses too, particularly of older people without primary support or of NRIs are prone to become soft targets. And later, the legal […]
Today’s harsh reality coaches one to fight for what is theirs, even though the affluent and influential throw obstacles in one’s way. Buyers usually spend humongous amounts of money to buy something as essential as a house or even a piece of land for example, and yet, when upon contractual terms they are supposed to […]
A Power of Attorney is a document that demarcates and lists out the powers that are shared with the Power of Attorney Holder. There can be several types of POA’s such as General POA’s and Special POA. Minor and disqualified individuals by the law cannot provide for a POA. POA’s are used mainly by NRIs […]