Will on a mortgaged property
2 years ago
The WILL executed and registered during the property mortgaged for Reverse Mortgage Loan. Does it give the rights for the spouse to further distribute the property by way of another WILL if the loan is fully serviced
A.Dear Client
A mortgage does not transfer the rights of the property unless the mortgage deed is invoked for non-payment of the loan. Hence a person can make a will during the mortgage. A will can be made at anytime and the last/latest will is considered as valid.
About spouse - if she has the right in the property then she can make a will.
A mortgage does not transfer the rights of the property unless the mortgage deed is invoked for non-payment of the loan. Hence a person can make a will during the mortgage. A will can be made at anytime and the last/latest will is considered as valid.
About spouse - if she has the right in the property then she can make a will.
Helpful
Helpful
Share
Read Related Answers
Will of Grandfather
Dear Client,
To ensure the authentic status of a pending case, you must obtain a certified copy of days proceedings or an order sheet of the latest hearing from the concerned Court where your probate...
Property distribution
Dear Client,
An individual gets the right to ancestral property by birth. Typically, ancestral property refers to property that has been inherited for four or more generations and has not been divide...
Brother unwilling to give copy of their late mothers Will to Sisters
Dear Client,
Both registered and unregistered wills can be challenged on similar grounds. However, certain challenges such as (i) Improper execution of the will; or (ii) genuineness on the signature o...
Unregistered will without signs of witnesses
Dear Client,
In the absence of both signatures of witnesses in the Will and its registration, the Will made by your grandfather in favor of your father becomes infructuous/invalid and unenforceable u...
can a BENEFICIARY in the will be appointed as an executor
Dear client, yes a benificiary a will can be appointed as an executor under Indian Succession Act, 1925.
Read Blogs on Will
Will Lawyers
Find Lawyers by Location
