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Got a property from mother which is now sold wants to buy new property
19-Mar-2023 (In Family Law)
Through power of attorney I got property from my mother, half of it belong to my brother also. Now I sold it, I have two wives, I am going to purchase new property, the problem is if the new property is in my name, legal rights will go to first wife which I don't like. What shall I do?
OK write the General power of attorney to the person what u want.
It is better to Share the property equally. If the property is ancestral property u r two wives are eligible to get that. If it is not it is as ur wish
It is better to Share the property equally. If the property is ancestral property u r two wives are eligible to get that. If it is not it is as ur wish
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Adv. Hemadri VSSRR Chandrakanth
Vijayawada | 25+ Answers
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Hi
Property obtained from mother is not ancestral property.
Property obtained from mother will be your self acquired, absolute property.
Your wife cannot claim a share of property in your name as long as you are alive .
So the best option available would be to execute a registered will or a registered gift deed in favour of the person to whom you wish the property may be transferred, at a later date after you acquire the new property.
Property obtained from mother is not ancestral property.
Property obtained from mother will be your self acquired, absolute property.
Your wife cannot claim a share of property in your name as long as you are alive .
So the best option available would be to execute a registered will or a registered gift deed in favour of the person to whom you wish the property may be transferred, at a later date after you acquire the new property.
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Adv. Rajagopalan
Hyderabad | 500+ Answers
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