1. Before answering your question, the narration in the Sale Deed has to be looked into, as to whether it's mentioned as "Joint Tenancy" or "Tenancy in common".
2. In case of "Joint Tenancy" in the narration of the sale deed, if one joint tenant dies, the other joint tenant inherit the deceased tenant's interest in the property.
3. However, in case of "Tenancy in common" in the narration of the sale deed, if one tenant dies, the deceased tenant's ownership rights are passed on to his legal heirs. In such a case, you can execute a WILL in favour of one of your children, to the extent of your share in the joint property
4. Based on the above clarification, you have to go through the sale deed and then decide on the course of further action.
1. Before answering your question, the narration in the Sale Deed has to be looked into, as to whether it's mentioned as "Joint Tenancy" or "Tenancy in common".
2. In case of "Joint Tenancy" in the narration of the sale deed, if one joint tenant dies, the other joint tenant inherit the deceased tenant's interest in the property.
3. However, in case of "Tenancy in common" in the narration of the sale deed, if one tenant dies, the deceased tenant's ownership rights are passed on to his legal heirs. In such a case, you can execute a WILL in favour of one of your children, to the extent of your share in the joint property
4. Based on the above clarification, you have to go through the sale deed and then decide on the course of further action.
1. Before answering your question, the narration in the Sale Deed has to be looked into, as to whether it's mentioned as "Joint Tenancy" or "Tenancy in common".
2. In case of "Joint Tenancy" in the narration of the sale deed, if one joint tenant dies, the other joint tenant inherit the deceased tenant's interest in the property.
3. However, in case of "Tenancy in common" in the narration of the sale deed, if one tenant dies, the deceased tenant's ownership rights are passed on to his legal heirs. In such a case, you can execute a WILL in favour of one of your children, to the extent of your share in the joint property
4. Based on the above clarification, you have to go through the sale deed and then decide on the course of further action.
1. Before answering your question, the narration in the Sale Deed has to be looked into, as to whether it's mentioned as "Joint Tenancy" or "Tenancy in common".
2. In case of "Joint Tenancy" in the narration of the sale deed, if one joint tenant dies, the other joint tenant inherit the deceased tenant's interest in the property.
3. However, in case of "Tenancy in common" in the narration of the sale deed, if one tenant dies, the deceased tenant's ownership rights are passed on to his legal heirs. In such a case, you can execute a WILL in favour of one of your children, to the extent of your share in the joint property
4. Based on the above clarification, you have to go through the sale deed and then decide on the course of further action.