LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

rohit sharma (Developer)     05 July 2017

Property partition/settlement

  • We are 2 brothers - ME and BRO
  • BRO is married and lives in Jaipur
  • ME is married and lives in gurgaon with parents (at parental property, in name of mother)

We want to go for partition/settlement for parental property, as follows,

  • Property must remain in name of mother until death
  • ME will transfer to BRO, a sum equivalent to 1/3 of current property value, at which point BRO will surrender his prospective ownership on 1/3 portion
  • After mother, ME will possess 2/3 of property, while the remaining 1/3 will be partitioned equally between ME and BRO

What is procedure to undertake above along a legal and judicial path?



 1 Replies

Kumar Doab (FIN)     05 July 2017

Same query;

https://www.lawyersclubindia.com/forum/details.asp?mod_id=151425&offset=1


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register