Release of property from legal heirs to one sibling

prayag naresh agarwal (Querist) 21 April 2018 This query is : Resolved
Dear Sir
We are six sisters and one brother, last year one of no. 4 unmarried sister died and left behind self acquired house.
now we all wish to release the same property to my younger unmarried sister. Here our lawyer told us to execute a power of attorney in her name. we all did that but one my sister raised an objection that she will be liable for capital gain/income tax kindly guide us what to do. ASAP

Follow Query

Report Abuse

kavksatyanarayana (Expert) 21 April 2018
I think if your parents are alive then they will become legal heirs of your late sister. otherwise your sisters and brother have rights and so GPA is not valid. the brother and sisters shall execute relinquishment/release deed in favour of younger un-married sister.

Ms.Usha Kapoor (Expert) 22 April 2018
Yes! The remaining BROTHERS AND SISTERS SHOULD; EXECUTE RELINQUISHMENT DEED IN FAVOR OF YOUR YOUNGER Unmarried sister releasing all their right, title and interest in the subject property. in favor of younger unmarried sister.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now