Dear sir, good morning.
There is a general but important topic that affects many families. It requires clarification of the proper rule of law to avoid future disputes between members of family. Background of the matter is as follows -
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Hindu Parents (senior citizens) hold few self-acquired properties in sole and joint ownership. In their lifetime, they want to transfer the properties to son and daughter in this way.
One plot - Sole ownership of father (Want to transfer to daughter).
One apartment - Joint ownership (undivided share) of father and son (Want to transfer to son).
One apartment - Joint ownership (undivided share) of father and mother (Want to transfer to son).
One shop - Joint ownership (undivided share) of father and son (Want to transfer to son).
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Different lawyers have different views ranging from filing of civil suit for partition/settlement, approaching Lok Adalat, execution of gift deed, relinquishment/release deed, partition deed, settlement deed, etc. So, it has become very confusing.
Because of learned experts, this forum has reputation of good and trustworthy advice. Looking forward if someone can put light on the proper rule of law and the good way to achieve the above mentioned transfer of property. Thanking you in advance.
