Property Transfer: If no will has been made regarding the property, or no one has been nominated in the property, or there is no other valid document, then disputes arise at the time of partition. Therefore, it is better that you should do some work to avoid this issue in time. Let us know about it in detail.
In every family, properties are divided after some time. In old age, every parent transfers their property to their children so that there is no dispute of any kind. However, there is a process to transfer property which has to be followed. Parents can transfer property in the name of their children through nomination. Apart from this, if the parents wish, they can change the nomination at any time and register someone else’s name. Let us know its process.
If you are also planning to transfer your property in the name of your children or someone else in the family, then we are telling you about the methods of transferring property. By adopting these methods, you can transfer your property to your children without any dispute.
Property transfer through nomination
Parents can distribute property among their children through nomination. In this way you can distribute your property equally among all the children. Parents can transfer their property through nomination, and if they want to change their nomination then they can register some other name also. There is very little scope for disputes arising when property is transferred in this manner.
Distribute through will
Parents can also make a will to distribute their property among their children. In the will, they also get the facility to tell how much share of the property they want to give to whom. According to the Indian Succession Act, 1925, Will is a legally valid document. People who have more property, they prepare their will in advance. Due to this, even after the death of the property owner, only the eligible person gets the right to his property as per his wishes.
It is necessary to have valid property documents
To transfer property without any dispute and hassle, it is most important that you have complete documents of the related property. Having documents helps you avoid any disputes. Along with this, it is also easy to verify through documents what is your total wealth. In this way you can transfer your property in the name of children.
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