Hello everybody, i have a query, please help.
Saurabh Gaur
(Querist) 23 June 2016
This query is : Resolved
(URGENT) There is a Joint Family (Hindu) comprising of Mother and Father and 3 sons. All 3 sons are married. Mother is having a property in her name which was her parent’s self-earned property and after the demise of her parents the property got mutated in the mother’s name (there is original Mutation Deed). Currently the said property comprises of a ground floor only.
Now the mother wants to transfer the title/ownership of the said property to her three sons equally after reconstructing the said property into a 4 story building. The cost of reconstruction will be borne by her sons (mutually decided) and after completion of said construction the property will be equally distributed among the 3 sons.
Mother wants that everything shall be in writing from the inception of construction.
What procedure shall be taken in order to achieve the said goal?
(If I had failed in making any point clear, please forgive me and feel free to ask)
Thank You.
Kumar Doab
(Expert) 23 June 2016
Consult a very able counsel specializing in family/property/civil matters with all docs on record.
Your counsel may opine for registered family agreement.
adv.bharat @ PUNE
(Expert) 23 June 2016
Your mother need to do gift deed register at SRO with all TOR agreed by all stake holder.
Devajyoti Barman
(Expert) 24 June 2016
Meet a lawyer and ask him to draft an agreement on this line.
Formats are not supplied here.
Kumar Doab
(Expert) 24 June 2016
Your counsel can draft an agreement suitable to your need.
Rajendra K Goyal
(Expert) 24 June 2016
Get the document drafted through your lawyer.
T. Kalaiselvan, Advocate
(Expert) 29 June 2016
Yes, the proposed action can be executed by drafting a properly worded family arrangement deed in which all the conditions can be explicitly mad and agreed by all the beneficiaries/shareholders.
If there is any person capable of drafting this family arrangement deed with the terms agreeable to all the concerned, you need not take the help of a lawyer, this deed may be registered before SRO to paint it legal for future purposes.
