I am Hindu and from Bangalore. I seek guidance/advice on an ongoing situation regarding few acres of land I bought in 2010 under my mother's name.
I have lived abroad for many years and only returned back 3 years ago. While I lived abroad me and my father mutually agreed to buy few acres of land as my investment for future business plans in agriculture. We bought this property in 2010 under my mother's name, as I was not able to travel at that time for registration. Also back then I very well trusted my parents and elder brother. I paid for 70% of property by making wire transfer to my elder brother's account for this purpose, rest 30% my father arranged by taking loan from my younger brother (through bank) which I also have repaid in certain portion.
My parents have soft corner towards my elder brother, who is 38 years & till date has not been responsible, on other hand myself and my younger brother are doing well in our careers. So my elder brother & his wife are emotionally steering my parents (who already have been given a house to stay) to get properties (via WILL or Transferred/Registered) in their names including this land that I have financially invested almost fully.
From reading on this forum and online, I gather that my Mother can write Will or Gift deed to anyone. Knowing that, Questions I have and also seeking below or other options to proceed as I don't want to lose this hard earned investment into the property:
- If I can, I want to mutually agree with my parents get this in gift deed in my name (not so much concerned about other properties my father has bought through his funds)
- Can I prove that as I made this funds transfer & paying my younger brother's loan, the property ownership belongs to me? Or if Will is made not in my favor, can I fight it?
- What other options are there in situations like these where parents are blind eyed to few sons but for emotional reasons try to support the one son in every which way.
Thanks ahead and look forward to your response.