Got a property from mother which is now sold wants to buy new property
Answers (2)
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.
Advocate Rajagopalan
4.6| 100+ user ratings
Banjara Hills,
Hyderabad
The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.
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
Advocate Hemadri VSSRR Chandrakanth
5.0| 5+ user ratings
Durgapuram, Vijayawada
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