Rights of third holder in property

srinivas (Querist) 17 August 2021 This query is : Resolved
sir
we want to buy a house and register it in the joint names of self ,spouse and daughter(who is 22years) . daughter is not contributing any amount for purchase of property but since she is the only child we want to include her name so that we need not make any separate will so that property goes to her after our death . will this invites any problems post her marraige or aftre death of myself or my spouse . pl advice

Follow Query

Report Abuse

Quick Summary

This discussion explores the implications of adding a 22-year-old daughter, who is not contributing financially, to a property deed. The aim is to ensure the property passes to her automatically upon the parents' death, avoiding a separate will. While there are no immediate problems, the advice suggests that the property would devolve to the daughter anyway if no will is made. Adding her to the deed offers no significant advantage over intestate succession.

P. Venu (Expert) 19 August 2021
There is no problem. However, even otherwise, all the property left intestate would devolve upon your daughter, after your lifetime.

Advocate Bhartesh goyal (Expert) 19 August 2021
No advantage in purchasing property with joint name of your daughter.if you both spouse do not execute will even then property rights devolve to your only daughter.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries