Transfer before death, versus after death in co-op soc mumbi

Prakash (Querist) 18 September 2017 This query is : Resolved
My mother-law has a flat in Mumbai managed by a housing co-op socy. What is the procedure to transfer the property to her daughters ? Is it better to transfer when she is alive, or she should register a will. If she dies, have we get a hier-certificate ? Do we need a hier-certificate from court to transfer the flat after she dies ?

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Rajendra K Goyal (Expert) 18 September 2017
She should nominate her daughter in the society record and also execute a will in her favor. It would save against any other legal heir claim after her.

Kumar Doab (Expert) 18 September 2017
Agreeing with Mr. Rajendra K Goyal;

The perspective shared can be opted.

Kumar Doab (Expert) 18 September 2017
It is mandatory to probate the WILL at area of Bombay.

You may evaluate other perspectives e.g; Gift deed/settlement deed with life rights..............

Prakash (Querist) 19 September 2017
Few followup questions:
=> Is a hier-certificiate required for transfer the flat to the daughters or it just goes by bye-laws of co-op socy.
=> Is it better to nominate before death or it does not make any difference

P. Venu (Expert) 19 September 2017
The property belongs to your mother-in-law. She has discretion to choose the procedure that appeals to her.

Hemant Agarwal (Expert) 19 September 2017
FOR Transfer /Sale /Purchase of a "Nominee" property, kindly prefer to read the following link, for answers to most of your questions:

http://www.lawyersclubindia.com/articles/Analysis-on-Nomination-in-housing-society-7787.asp

Keep Smiling .... Hemant Agarwal
VISIT: http://www.maharashtra-society-help-forum.com