I've purchased a plot 5 years back and registered on my parents name (both father and mother).
I registered in their names to keep their fear away that I wont take care of them in their old age.
And after an year, I have taken 15 lakhs housing loan making my mom as primary applicant, my father and me as secondary applicants.
My parents are my dependants (no business). I'm paying the loan EMI for the past 4 years.
I have two sisters who are got married and settled.
Now my parents realised that this property will be shared to all 3 children (2 sisters & me) after their period.
Since I bought the property, and I built the home by taking loan, they want to give the property back to me after their period.
They wanted to make a will saying that this property has to be for my son (me) after they die.
All the original property papers are with the bank. Is it possible to make will without original papers and having active loan ?
could some one please let me know the procedure to get the will done or any other alternatives?