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Movable property (Bank SB amount/FD) Movable property (Bank SB amount/FD)

4 months ago

My father is staying with me in his home with me, i have one married sister, my father expressed interest to give half of the home to me and rest to my sister. Meanwhile i came to know that he have few FD/mutual funds and LIC, he as a first holder and my sister as nominee and in few cases as a joint holder. The bank account is also there as a joint holder with my sister.
Do i have any legal authority to claim half amount of this movable amount as i and my family is looking after him and he is depriving us by giving maximim movable and non movable things to my sister.

Legal Counsel Vidhikarya

Responded 4 months ago

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A.Dear Client,
Regardless of the class of property both moveable and immovable, if the same is the self-acquired property of your father, he can give away any share of the property to any person, even a stranger or beggar. No one even his own children cannot claim their share in the property as a matter of right.
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