My husband passed away intestate, leaving behind myself & my in-laws. We have a flat which is registered in his name but both him & i were co-applicants in the home loan.
I would like to know is what my rights are regarding to the flat. Am i eligible to sell it? I was dependent on my husband at the time of his death. My father-in-law was working at the time of my husband's death & hence my mother-in-law was not dependent on her son. Is she also entitled to a share in my husband's property in such scenario.
Furthermore, my mother-in-law was the nominee to his insurance ploicy. Am I entitled to sum assured amount or not?
Kindly help me out as I am very confused in this matter.
27 September 2010
U & your Mother- in - law have equal share in your deceased husband's properties including Insurance policies. It is immaterial whether your Mother- in - law was dependent on your husband or not. At the same time, it must be borne in mind that your Mother- in - law has equal liability towards your deceased husband's liabilities, if any.