Deed of Release of shares in the flat
Querist :
Anonymous
(Querist) 09 March 2011
This query is : Resolved
The lady Owner of the flat died intestate leaving behind four sons viz A,B,C,D and husband "S" as the legal heirs. Each of the legal heir is having 20% rights in such flat Now Mr. A ,B want to release their each 20% shares in favour of E,C & D in a such manner that now new ratio shall be between E, C & D as 55 :33 :12
While preparing Deed of Release whether D's name will appear alongwith the name of Releasors since he has been releasing his 8 % rights in the said flat towards E & C
Please guide me who shall be the Releasor and Releasee in the Deed of Release.
Amit Minocha
(Expert) 09 March 2011
your numeric calculation is not correct if E,C and D share 55:33:12 where is 'S' gone with his share and from where 'E' is born when the lady has already expired ?
Querist :
Anonymous
(Querist) 09 March 2011
sorry its not "E"
now the flat will be shares by S (husband) , C and D in the ratio of 55 : 33 :12