1. V have 1100 Sq Feet ground (Include 800 Sq Feet House) in Chennai, which is Brought by my father.
2. In my family I have 2 sister and mother. My father passed away on 2000.
3. The property still in my father name. v r not transferred to any one.
4. Elder sister have one girl (Age 23) and her husband little rough and younger sister husband separated (divorce case going on and may get divorce as soon as) and she living with me and no kid. My mother living with me.
5. Am married on 2nd Sep 2019 (At the age of 43). Expecting child on next year.
6. Now my brother in law (Elder sister husband) creating issues with 2nd brother in law (Younger sister husband) for to occupy this property.
7. Am came to know there is settlement deed for better solution through elder sister husband. Because, both husbands threading to my both sisters.
8. After my discussion with elder sister husband, He asked me make settlement deed for below
a. Full property for me with settlement deed. But,
b. Full marriage expenses of my niece (My elder sister daughter) is mine. (Jwells, Marriage hall, food, dress for Engagement and Marriage)
c. Every month am wants to pay Rs.10000/- for my mother and younger sister (My mother getting pension Rs.12000/- per month) and medical expenses is separate.
d. My younger sister and my mother should live until death in this property. (Untill them death, me and my wife (Kids in future) should live out side of this property (Means am should take home for rent in my area).
e. After them death only am able to come r use this property.
Please advise is this settlement deed is good or bad. what the issues may face in future. If bad, please advise some good suggestions. (Am interested to some help for niece marriage. But full expenses is very difficulty for me
My doubts is below.
1. In my elder sisters marriage my father spent full amount (V doesn't know how much my father spend money). in my younger sister, (After my father passed away) marriage v sold small part of our property and spend money around Rs.10,00,000/- for her marriage.
2. Property value as of now (10 Mar 2020) Rs.70,00,000/-.
3. My elder sister have property around Rs.60,00,000/- (At the time of buying my mother given Rs.30,000/-) (At the time of property purchase the value is Rs.1,30.000/-). Rest of money my sister paid though EMI. As well as my brother in law also have property which comes through his father.
4. My younger sister said no need any amount from her husband after divorce.
5. Please advise what I do r how I wright settlement deed. my mail id - [deleted]
Asked 4 years ago in Property Law
Religion: Hindu
