Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Raj Kumar s (not)     13 September 2018

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.


Learning

 3 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     13 September 2018

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.

Adv Deepak Joshi +917017821512 (Advocate)     13 September 2018

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

Raj Kumar s (not)     13 September 2018

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

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register