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Regarding succession of power of attorney property
07-Sep-2024 (In Property Law)
My mother owns dda flat with a power of attorney status. What is the best way 1. Get it Freehold in her name and get it transferred to my name ( willing to do so) 2. Get it Freehold to my name (3) Gift it me 4. Make a will for a later stage
Would be prudent for you to get a Will executed in your favour as it will entail less cost and time. Simultaneously your mother may apply for the conversion from leasehold to freehold by following a due process.
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Adv. Anubhav Kathuria
Delhi | 500+ Answers
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In this case u need to hire expert advocate to evaluate the GPA, is it GPA with consideration or without ? With whose funds was this property purchased? Is there any ATS with this GPA?
We need more details on this
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We need more details on this
Thanks
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Adv. D. Khan
Delhi | 500+ Answers
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if you wish to have a full proof work you can choose option 1 &2. it all depends whether you are willing to pay stamp duty or not. will is not suggested as it is considered as a weak document due to easiness to challenge the same
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Adv. Deepanshu Garg
Delhi | 100+ Answers
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