7-4-14
sir,
My wife's father has some real estate property....in this commercial property given on lease for monthly rent....
tenant of that commercial property put a case in court against him....the hearing is going on...
In the mean time my wife's father want to gift or will his property equally to his daughters, in which the above said commercial property also exist.
my wife's father is now 70 years old and IT Assesse also....
please suggest what will be the better decision...registering a will or executing the gift deed by considering the above said legal problems....
Some friend of my uncle also suggested my wife's father to execute the partition deed, as the total property he enjoying is ancestral property...
thank you,
Kumar