Hello,
I have some inquiries related to a property that is registered in my mother's name. The property was acquired by my father using his earnings from working in the Gulf. Currently, I am also working in the Gulf and have invested around 30-40% of the property's total value. Our family consists of three children: I am the second child, with an elder sister and a younger brother. We are Keralites settled in Cochin.
Below are my queries:
1. **Property Ownership and Distribution:**
- Can my mother, under any circumstances, sell the property or make decisions regarding the distribution of shares among the three children, whether after my father's passing or at any other time?
2. **Distribution of Shares:**
- What might be the likely percentage distribution among the three children? My sister has already received an amount for her marriage (which I understand cannot be factored in), and she has also received support for building her own home.
3. **Property Investment and Loan Repayment:**
- In light of my investment in the property (approximately 30-40% of the total property value) and my contributions towards repaying the property loan, is there a legal foundation to recognize and acknowledge my investments and contributions?
4. **Father's Contributions:**
- Furthermore, my father had contributed a percentage of funds to my brother to establish a business overseas, which unfortunately turned out to be unsuccessful due to my brother's irresponsible actions.
I am inclined against including my brother in the property's share due to his history of irresponsible activities that have resulted in losses for my father. However, it's worth noting that my mother is supportive of my sister and brother, given their lack of success in life.
Thank you for your assistance.
Asked 2 years ago in Property Law
Religion: Muslim
I guess, I missed some areas/didn't understand. So will I benefit additional %? or the % would remain the same. So my mother can decide to sell under any circumstances. If I have a power of attorney, would that help me in stopping the Sale of the property? T
Asked 2 years ago
Hai thanks to everyone who has replied to me.
I have another question; If the property want to be registered in my name (from my mother's name)? Will the registration fees remain the same as normal? Or what would be exactly the procedure?
Asked 2 years ago