Buying ancestral property with the children consent any risk involved
06-Feb-2023 (In Property Law)
Plan to buy ancestral agri property near ponneri. Seller wants to sell part of property share his family own. They have patta, adangal, original deed of property in his name and their legal children are ready to sign during registration along with him. From online EC, based on his survey no. provided, looks to be no transaction in 30 years. What are risks, if any? I could not confirm if seller's sibling / their children. Is it compulsory for seller's parent will, since all docs are in my direct seller name for 40+ years? How to confirm seller's ( all his ) heirs are are part the deed execution
its not necessary to get will executed from the sellers parents once you get a formal family settlement executed between the members of sellers family as you said its ancestral property...
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