Family Settlement
Sandeep
(Querist) 12 May 2011
This query is : Resolved
There is a property in the name of my Grand Father (H.U.F). When we buy that property my grandfather was old, so he make karta to my tauji. He signed the deed at that time. Now my garndfather is no more. And our family settelment has been done by mutual understading and we received that property. But that property is in my name by mutual understanding and in paper it is still in my grand fathers name which is K.L.Agarwal (H.U.F).
My Grandfather having 4 sons.
Can anyone tell me what should I do ?
Devajyoti Barman
(Expert) 12 May 2011
Which paper you are talking about. f the mutual agreement was validly executed wherein your grand father did mark his consent then no issue.
Since it was HUF note apart from grandfather whether all other co sharers were party to it or not. If yes then no problem, if non then they needs to relinquish their share, if any.
