My father passed away last year. He had kept some Fixed Deposits in Bank jointly with my mother.
After the death of my father, bank trasnferred all FDs in my mothers name.
So my mother is now holder of FDs.
I have a younger sister. Me and my sister are students and unmarried.
I also have an elder brother and two sisters with my father's first wife i.e. they are my step-brother and sisters. They all are well settled and married.
Now they are asking for partition of FDs and all the property. They have sent us a notice for the same. They said that if we do not make partition then they will file a suit against us.
Is it necessary to give away share in FDs when all FDs are in my mothers name now?
The money was kept by my father for me and my sister's marriage.
We do not have any income. We are living on FD interest. My step brother and sisters do not help us financially.
Are we still liable to pay them their share now only?
Can we make partition after me and my sister get settled?
I heard that daughter's marriage is a liability on parents. So till the daughter gets married parent are not liable to make partition.
Please guide me on this.
I want to know legal aspects of this.