Ensuring ownership of mother in case of divorce
I am getting my house sales agreement done for the loan.I am single right now the one who will be paying the loan.The process of including my mother as co-applicant is a hectic one as she is not working and has moved in with me(so no document proofs). This is delaying my loan process. But, i wanted to ensure the below things:
1.If i get divorced and my wife claims her share on the house though she is not a co-applicant, my mother's should hold a share that should not be touched.
2.If something happens to me, my mother should get the house ownership.
Can i ensure these things legally without making my mother co-applicant for the house.
Asked 9 years ago in Property Law
Hi ,
Thanks for the responses.
I have understood that i can execute a will to guarantee my mother the ownership of the property in case if i predecease her.
For divorce scenario:
if the bill is passed in a year in parliament and the wife could claim 50% share, will it be applicable to all the properties that were bought before the law was passed.
In that case, to ensure that my mother's share remains intact and wife could claim only 50% of my share(50% of the house), will adding my mother as co-applicant help? or the wife would have 50% right anyway on my and my mother's property.
Asked 9 years ago