Inheritance
2 years ago
My father wants to write a will where the right to property will be given to my sister and my sister will have to pay me the market rate of my share of the property whenever the will is executed. Is this legal and how can I protect my rights in such a situation
A.Dear Client
This transaction seems to be akin to selling the your rights in the property to your sister but if the property is self acquired then after the will you will not have any right in the property hence it may not be deemed as such. To secure your position you can make a simple agreement wherein she agrees to pay you some amount and in return you relinquish your rights, if any.
This transaction seems to be akin to selling the your rights in the property to your sister but if the property is self acquired then after the will you will not have any right in the property hence it may not be deemed as such. To secure your position you can make a simple agreement wherein she agrees to pay you some amount and in return you relinquish your rights, if any.
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