I would appreciate a clear and candid picture on how to add wife's name in to the property. The property is under housing loan too. As per the research one option is to have a gift deed registered, but what would happen post the death of the husband, will the remaining portion of the ownership get transferred automatically to wife (assuming the gift deed is registered 50% each).
Please let me know the best possible way to add the name. And also since the property documents are with the bank (due to housing loan), how do one proceed.
How does a WILL differ from the above. Which is more advised, to ensure smooth transition either the other half of the 50% after death of the husband or WILL is the safest?