I live in India.I am the only child to my parents and my mother is no more. My father wants to add my name as joint holder in all his bank accounts.Is it better to add my name as joint holder or nominee... which is easy to carry out bank operations after my father's demise?? Among the two which is better for tax saving ?? I think inherited property (here bank account )does not require to pay any tax. So, in that case giving my name as nominee is better to avoid tax...isn't it? Help is appreciated. Thanks.
is it a must to register a will?? What will happen if unaccounted properties (black property)are included in the will??
I'm the only child to my parents. My mother is no more. We are living in tamilnadu. we have immovable properties of house and lands. Is it a must for my dad to write a will for me or just acquiring a legal heir certificate (after my father demise) is enough for me to sell the properties.
Thanks for your answer
Patta related
We live in Tamilnadu. IS it a MUST to acquire patta for all the lands we own?? Or just the sale deed document in favour of us is enough??
Is patta required only for lands and not houses??
What is the significant of patta??
Thanks