will deed
Jolly James 9447287658
(Querist) 07 October 2010
This query is : Resolved
1, Father executing a will in favor of his son now he is an American citizen ( Person of Indian Origin ) Is there any impediment to hold the property obtained by will deed as per Foreign Exchange Management Act.
2, If a person obtained some property by will deed, whether it can be say that he inherited the property
A V Vishal
(Expert) 07 October 2010
1. There is no impediment to hold such property inherited by will or otherwise.
2. The property is treated as inherited property.