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Amrit Shah (owner)     14 February 2014

Chs flat sale - owner died intestate - family legal heirs

Esteemed Lawyers - we can use this thread to master the common scenario. Please share thoughts

 

Scenario: Hindu husband dies intestate (no will), leaving ownership flat in CHS, survived by mother, 1 wife, 2 sons of which 1 is abroad. Wife was nominee on share certificate, chs transferred flat in her name, explaining she's merely trustee, not 100% legal owner and shares ownership with other legal heirs (mother, 2 sons)

 

Hindu law  explains mother, wife and 2 sons each have 1/4th legal ownership in flat, and will get 25% from sale proceeds.

 

Money solution - which is most secure?

1: Wife gets 100% consideration which she later divides among legal heirs per their private agreement. 

2: Buyers gives 25% separate payment to each legal heir

 

Sale deed solution - which makes for tightest agreement for buyer?

1: Wife signs sale deed, along with mother and 2 sons as joint-transferors. 

2: Wife signs sale deed. Mother, and 2 sons sign as confirming parties

3: Wife signs sale deed. Son abroad gives POA to his mother/brother, who make an additional signature on brother's behalf

4: Wife signs sale deed, mother, 2 sons, give NOC. This feels week, and might not defend future litigation from legal heir

Thanks for your time to this



 2 Replies

Amrit Shah (owner)     16 February 2014

Team - any thoughts?

 

Very clear information at

https://www.vakilno1.com/legalviews/distribution-of-property-after-death-if-there-is-no-will.html

manish   28 July 2015

 

 


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