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ABHAY SHAH (BBB)     09 February 2015

Probated will in case of pagdi property

Dear Respected Experts,

We were in family business (Real Brothers) since long time and just now all of us have divided business, property (shops), cash mutually.

i have been allocated with the 1 pagdi system shop,  currently that shop is on the name of my eldest brother.

Now our concern here is if i transfer that on my name then shop owner will ask for 50% of the profit even though that is just the internal family name transfer.

I need suggestion from all respected experts to choose one of the following option if valid.

  1. Transfer the flat on my name and pay 50% profit to owner.
  2. Make a probated WILL from eldest brother so, it will get transferred on my name in case of any mishap to him.

I am not sure if the Probated WILL works in case of pagdi properties as well.

Also just to add, i cannot keep those flat on elder brothers name since he is very aged and i don't have faith on his any of the family member (Wife, Sons).

Requesting to suggest the best way out. Thank you all in advance!!!



Learning

 1 Replies

ABHAY SHAH (BBB)     17 February 2015

Dear Experts,

Please help on this.

Thnx,

Abhay Shah


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