Share of Property

5 years ago

My mother in law stays with me
The flat in which we stay is in the name of my husband but my father in law had paid 60% and my husband 40%.
My brother in law stays separately
But my mother in law wants to give him share in this property in spite of not at all staying with him.
Secondly there in another flat in the name of my mother in law.
Can you please advise how much share is my brother in law eligible to get in both the properties even though my mother in law is not going to stay with him

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Ramalingaiah Mulakatte

Responded 5 years ago

A.It is not like who lives where. The issue is if it is a family property i.e. ancestral property then all heirs will have equal share in such properties. If it is self acquired, then only the owners have right in that property. As regards your bro.in law, if the property is acquired by your mother in law and your father in law, then he (bro.in law) will have right to share in that property in future, unless it is disposed of by them during their life time.

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Anonymous

Replied 5 years ago

in one property my husband had given 40%amt n 60% by my father in law as my husband had taken loan that property is in his name no co owner
apart from this the other property is in the name of my mother in law
keeping legal formalities aside as all share to be given is on mutual basis can u pls guide how much should my brother in law get

Nirmal Chopra

Responded 5 years ago

A.From your question, it is not clear as to whether ur mother in law is a co owner in the property. Otherwise, she can give her share in the property to anybody she wishes during her life time by way of will or gift deed.If she does not write a will, then her share in the property will be equally divided as per schedule to Hindu succession Act unless one of such person entitled to such share after her death relinquishes his/ her share.

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Anonymous

Replied 5 years ago

one property is in the name of my mother in law n other property is in my husband name as he had taken loan n he is sole owner.
But if we keep legalities aside can u pls guide how share should be given to brother in law

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