Asked in Property
Dear Sir, Get release deed or gift deed from your father in respect of his 50 percent share.
Hi, Half of the part of the property is yours, you have legal title over it. The other part of the property can be transferred to you through a registered sale deed wherein your father may or a gift deed wherein your father voluntarily transfers all the property in your name. This is the legal course that can be taken at the time when your father is still alive. However, even after his death, you will have primary succession over his property, the rest minor property can be transfered to you through voluntary giving up of the property by the other legal heirs. However, it is best to resolve the succession and legal rights over the property which he is still alive. thank you, do reach out in case you need assistance in drafting.
Hi, your father can execute a deed of gift in your favor and you will get ownership immediately, another option is Will wherein you will get the ownership upon the death of your father. Regards Adv. Noel D'Souza
There are three ways in which you can legally transfer his share - 1. you can get a sale deed done for his share. This will be slightly costly as you will have to show sale consideration in white and also pay for registry charges. 2. your father can give his share to you by a registered gift deed. For this certain charges will have to be paid depending on the state you are in. 3. your father can make a registered will where he bequeaths his share of the property to you after his death. This will be the most cost - effective option.
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