A dies intestate i.e. without a will.
His family members are fighting over the assets.
In this case, is below the right action to be taken:
- Get a letter of administration from the court specifying respective shares of family members?
- Then those family members who want cash can sign relinquishment deed in favour of other members
- Finally, a family arrangement can be drawn up evidencing the above facts
In this case, since immovable property is involved, the relinquishment deed need to be registered but not the family arrangement.
Is this the best way? Or any other better way possible?
Please guide. Thanks in anticipation.