unregistered will
Querist :
Anonymous
(Querist) 14 March 2011
This query is : Resolved
As i did not get much replies for my query i am posting it again
I am having a property in andhra pradesh. i got this property from my ancestors through an UNREGISTERED WILL. this will (unregistered) is executed on my name before my birth. and the person who wrote will on my name died before my birth took place. recently i constructed a house in that property. I approached a private bank. they gave housing loan based on that UNREGISTERED WILL. along with that UNREGISTERED WILL they took legal heir certificate (originals) and house tax book receipts from me(house tax receipts on are on my name) to give that loan
Even though UNREGISTERED WILL is on my name , property documents are not converted to my name. they are still on my ancestors name.
1)Can some one tell me the process to get documents of my property converted to my name if its possible now ?
2)if not can i give this property as gift deed to my wife or kid in future ?
3)if so which is a better option ? giving to wife or kid ( who is less than 3 years age) ?
4)if i give this property through gift deed to my kid , can i change it in future ?
5)if i can change in future what are the number of years up to which i wil have the hold to change it ?
6)what are the cost involved with this ?
7)whats your best suggestion to handle this.
R.Ramachandran
(Expert) 14 March 2011
I would suggest that you should consult a local lawyer with all the documents and seek his advice.
