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Property under consideration for re-development
22-Jan-2025 (In Wills / Trusts Law)
Greetings,
Can a will be made for a property for which paper work for redevelopment is in progress?
Yes, a will can certainly be made for a property undergoing redevelopment or for which paperwork is in progress. The testator (person making the will) can specify the property details in the will and clearly state that the bequest includes the redeveloped property, once completed. It is advisable to include references to the redevelopment agreement and any rights, benefits, or obligations associated with the property to avoid ambiguity.
For better clarity and to ensure enforceability, consulting a legal professional to draft or review the will is highly recommended.
Best regards,
Jairam Chandnani
Lexim Associates
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Adv. Jairam Chandnani
Mumbai | 100+ Answers
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