Partition deed between 3 brothers
26-Feb-2023 (In Property Law)
Respected Sirs/Madam - My late father has a house and land which is to be shared amount 3 brothers including me.
One of my brother who was financially weak wanted to make money out of the house and land, received his share in the form of cash and verbally agreed to give up his rights on the property and land.
My younger brother # 3 who is abroad also agreed for the settlement and transferred the partition money.
We have not made any partition deed as my younger brother is abroad and he is not expected to come to India any sooner.
Is there anyway I can protect myself and my younger brother who is abroad inorder to avoid any future claims by my brother who has received the settlement? Appreciate your views.
if you need to settle your brother money in cash you can write a release deed releasing all his right in the property for the amount which you are given as consideration there is no need for a partition deed release deed can be sufficient to release his right on the father's property
Helpful?
16+
16+
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
667+ Lawyers are online
