How To Safeguard An Old-age Fathers Property When The Son Is Guarantor? | Vkeel - Free Legal Advice

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Shimla

Sir, I am a guarantor for the principal borrower in a cooperative bank. The principal borrower is a defaulter. My father is a super senior citizen and he has immovable and movable properties. To safeguard these properties, can my father execute will and testament or transfer properties on the name of my spouse and children?

Expert's Answers(3)

Advocate Abhimanyu Gurawalia
Patli Hajipur, Haryana

60 Client Ratings

It will be better to register the property .you can consult me for proper and complete knowledge.

November 22, 2022
H K Chaturvedi, Advocate Supreme Court.
Noida, Uttar Pradesh

12 Client Ratings

Whether your father is a principal borrower??? Or someone else???Consult online if need further assistance.

September 11, 2022
Praful Vashistha
Lucknow, Uttar Pradesh

Will come into effect after the death of the testator so will is not the best option for the current situation it's better that your father may transfer property to your wife and children .

August 1, 2022