Dear Client,
Nominee can collect the money than it will distribute between mother legal heirs. 1/3rd share each. Or she can execute WILL, than all her assets will transfer on the name of beneficiers on the basis of WILL.
Hi Kaanoon Team, My Parents are old and often sick. My Mother has a house and a bank account with locker under name. We are family of four. Mom, Dad and two sons. My Elder brother is an NRI. If God Forbid my mother passes away, I want to know what all legal procedure do I have to go through to get money from bank account, Locker and House under Me and My brother's Name. Do we need any document signed by our Mother incase it helps in Court or in anyother department. What all kinds of documents do we need? Best way to contact me would be an Email ( [deleted] ). Alternatively, as per your convenience you can give me a Call as well. Seeking forward for your reply. Thanks & Regards, Suhail Asad
Dear Client,
Nominee can collect the money than it will distribute between mother legal heirs. 1/3rd share each. Or she can execute WILL, than all her assets will transfer on the name of beneficiers on the basis of WILL.
1) on mother demise property would devolve on legal heirs as per muslim personal law
2) your mother can during her lifetime execute gift deed to transfer property in your name and that of your brother
3) gift deed should be attested by 2 witnesses
4) your mother can execute will for only one third of property as per muslim personal law
5) with consent of legal heirs it can be for entire property as well as bank accounts
6) mother can make nomination for money lying in bank accounts however please note that nominee is only trustee for legal heirs
Hello,
the best will be that you ask your mom to make a will so that the same can be executed after her death. Toy may take phone consultation if you want to talk.
Regards
On demise of your parents, both legal heirs get equal share.
As per Shariah law both legal heirs have equal rights in mothers property.
Without consent of your brother you cannot withdraw or claim money from Bank.
No need for any documents
See to transfer same in your favour your mother can make a will in favour of both you and your brother based on same you can access the account and transfer the property.mutuation in favour.
If there is no will then you all legal heirs have to pay for succession certificate to.access account and the bank.locker from court.
For the bank you can file nomination. All other assets if you want to decide before her death them Registered gift deed is the remedy. And after death if you want to decide then execute Registered will now
1) you can submit a letter in the bank as you and your brothers are legal heirs for movable property and for immovable property you can make application in the municipal authority and in revenue department to transfer property on your name.
Hi,
It is better that the mother makes you and your brother as the nominee and writes a will as per the convenience to avoid any future issues.
If your Mother expires without leaving a will, her legal heirs will have to obtain succession certificate or letters of administration from court in order to claim the properties in her name.
You can ask her to execute a will in favour of any or all of her legal heirs.
Alternatively, you can also execute a gift deed gifting her properties to any person. The deed needs to be mandatory registered after payment of requisite stamp duty.
The property now in the name of your mother shall devolve equally on your brother, father and on you after her lifetime if she is reported to have died intestate.
At that time your father should execute a registered release deed relinquishing his rights in your favor or he can transfer his share by executing a Hiba deed in your favor.
Instead she can execute a settlement deed in your both favor at this time itself so that you do not have to run between pillar and posts at that time.