can we include property under loan in will.. is it valid?


on my name house is registered.. but it is under loan of 15 years. I want to write a will to assign the property to my minor child. is it valid..? plz clarify. thanQ.
 
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subregistrar/supdt.(retired)

Any person who have self acquired property may execute a Will in favour of a minor child.  The will come into force only after the death of the testator.  And the minor property cannot be transferred till that minor gets majority.

 
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Dear querist,


Yes, WILL is legally valid but there will be additional charge in property up to amount of loan, till loan get cleared.

 

 

Deepak Joshi & Associates

Djaa.legal@gmail.com

Mb/whatsapp +919456777600

 
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Yes it is self acquired property. My doubt is if it is under housing loan, can I include in my will?
 
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